The U.S. Bureau of Economic Analysis also provides information on the growth of the U.S. economy (www.bea.gov).
Question:
The U.S. Bureau of Economic Analysis also provides information on the growth of the U.S. economy (www.bea.gov). The Bureau recently released figures that they claimed showed a growth spurt in the western region of the United States. Using the table and map below, determine if the percent change in real GDP by state for 2005€“2006 was independent of region of the country. (Alaska and Hawaii are part of the West Region. D.C is included in the Mideast Region.)
Percent Change in Real GDP by State, 2005€“2006
U.S. Bureau of Economic Analysis
New England Rodky Mountain Plars NH 1.3 0 Mceest 6 3.1 SD 2.9 RI 1.8 CT 26 2.6 NJ 2.9 DE S3 2.2 2 34 2.1 DC4.1 OK Far West 3.0 Higheat Cuintie Fourth alrdle SouthWast 2.5 3.1 3.4 □ Third Quintile Second Qundla Souheaa 42Loweet Quinidile HI Far West GDP % Change Top 40% Bottom 60% Total 2 West (Far West, 13 Southwest, and Rocky Mtn.) Midwest (Great 10 12 Lakes and Plains States) Southeast Northeast 2 12 12 10 (Mideast and New England States) Total 21 51
Step by Step Answer:
We will use a chisquare test of independence to see if the percent change in ...View the full answer
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Related Video
The Dupont analysis is an expanded return on equity formula, calculated by multiplying the net profit margin by the asset turnover by the equity multiplier. The DuPont analysis is also known as the DuPont identity or DuPont model.This Video will guide on how to calculate return on Equity and estimate profitability of shareholders using DuPont Analysis.
Students also viewed these Statistics questions
-
Economic growth, revisited. The U.S. Bureau of Economic Analysis provides information on the GDP in the United States by metropolitan area (www.bea.gov). The Bureau recently released figures that...
-
The Montreal Exchange (m-x.ca) also provides information on expiration dates. Using the Trading Calendar tool (m-x.ca/ nego_ca_en.php), on what day do equity options expire in the current month? On...
-
The U.S. Bureau of Economic Analysis provides information on the Gross Domestic Product Per Capita (GDP PC) in the United States by state (www.bea.gov). The Bureau recently released figures that...
-
Samson Company manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket: Fixed...
-
According to a 2011 study by the American Association of University Women (AAUW), about 40 percent of full-time faculty nationwide in 2005 were women, yet they made up only 22 percent of faculty in...
-
A collimated beam from a ruby laser (694.3 nm) having an irradiance of 10 W/m 2 is incident perpendicularly on an opaque screen containing a square hole 5.0 mm on a side. Compute the irradiance at a...
-
Describe the consultative role of the ethics committee when addressing ethical dilemmas.
-
Sublime Sandals Company was formed on January 1, 2014, and is preparing its annual financial statements dated December 31, 2014. Ending inventory information about the four major items stocked for...
-
What is the present value of $150 received at the beginning of each year for 16 years? The first payment is received today. Use a discount rate of 9%.
-
Patterson Shirt Company sells on credit and manages its own receivables. Average experience for the past three years has been the following: The owner of Patterson is considering whether to accept...
-
The U.S. Bureau of Economic Analysis provides information on the Gross Domestic Product (GDP) in the United States by state (www.bea.gov). The Bureau recently released figures that showed the real...
-
For the data in Exercise, In Exercise At a major credit card bank, the percentages of people who historically apply for the Silver, Gold, and Platinum cards are 60%, 30%, and 10%, respectively. In a...
-
James McCulloch purchased a 30-year U.S. Treasury bond four years ago for $1,000. The bond paid 3.125 percent annual interest. Four years later, he sold the bond for $1,040. a. What is the annual...
-
Define owners equity. What items affect owners equity positively? What items affect owners equity negatively?
-
Identify and briefly explain three current liabilities that most businesses might have.
-
In a decision to make a previously purchased part, think of two incremental costs that might not be avoidable if the decision is reversed a year later. Why would they not be avoidable?
-
Identify and briefly explain five current assets that most businesses might have.
-
What is included in cash for a business?
-
After calculating net profit for the year ended 31 March 2012 WL extracted the Trial Balance which failed to balance and the difference was placed in a Suspense account. Further inquiries were then...
-
1. True or False. Pitfalls to consider in a statistical test include nonrandom samples, small sample size, and lack of causal links. 2. Because 25 percent of the students in my morning statistics...
-
A large automobile insurance company selected samples of single and married male policyholders and recorded the number who made an insurance claim over the preceding three-year period. a. Use = .05....
-
Medical tests were conducted to learn about drug-resistant tuberculosis. Of 142 cases tested in New Jersey, 9 were found to be drug-resistant. Of 268 cases tested in Texas, 5 were found to be...
-
Phoenix Marketing International identified Bridgeport, Connecticut, Los Alamos, New Mexico, Naples, Florida, and Washington D.C. as the four U.S. cities with the highest percentage of millionaires...
-
Write a method (pseudocode) to reverse the queue using another empty queue. You may only use queue operations such as enqueue(), dequeue(), and size(). No other data structure can be used other than...
-
Solve the recurrence relation an = 7an-18an-2-9.2", with initial conditions ao = 5, a = 10. Show all your work.
-
Write an assembly language program that asks the user to enter an integer dollar amount between 1 and 3,000. Your program should display the corresponding class description using the following table....
Study smarter with the SolutionInn App