SlideShare a Scribd company logo
Tutor O-rama claims that their services will raise student SAT
math scores at least 50 points. The average score on the math
portion of the SAT is μ = 350 and σ = 35. The 100 students who
completed the tutoring program had an average score of 385
points. Is the average score of 385 points significant at the 5%
level? Is it significant at the 1% level? Explain why or why
not.
PLEASE REWORD THESE PARAGRAPHS IN YOUR OWN
WORDS. PLEASE DO NOT USE THE SAME WORDS AS IN
THE PARAGRAPHS. THANKS.
· 1-According to Lisa Huddlestun, "Macroeconomics is the
study of behaviors and activities of the economy as a whole,
looks at such areas as the Federal Reserve System,
unemployment, gross domestic product (GDP), and business
cycles" (Huddlestun 2015.) The Federal Reserve System's most
important attribute is the regulation of the supply of money in
circulation. This is important to the economy because it
influences interest rates, money available for loans, and the
overall price level of the economy. Unemployment could mean a
loss of income for individuals and lost production for the
economy. There are three type of unemployment; frictional
unemployment, cyclical unemployment, and structural
unemployment. Frictional includes people that have quit their
jobs or have been fired causing them to be unemployed.
Cyclical is related to the economy, such as being laid off during
a recession. Structural unemployment is when someone hasn't
been hired because they do not have the required skills or do
not live in a high employment area. The gross domestic product
(GDP) is determined by total economic spending. Economic
spending includes consumer, business, and government
spending. Lisa states, GDP is "the market value of all final
products produced in a year's time" (Huddlestun 2015.)
Economic performance is measured by GDP. An increase in
GDP means the economy is growing. GDP also determines if
there will be inflation or not. Policy makers look at past and
present GDP to formulate policies to help economic growth. If
we have economic growth then we could have an increase in
production of goods and services. Microeconomics according to
Lisa is, "the individual components of the economy, such as
costs of production, maximizing profits, and the different
market structures" (Huddlestun 2015.) Businesses are the
suppliers of goods and services the individual wants. Most
businesses want to make a profit, or maximize their profits. The
level of output must be determined to help result in the greatest
profit. Cost of production has a huge part in this. There are two
types of cost production; variable and fixed costs. Fixed costs
are costs that do not vary with the level of output, for example a
rent payment. Variable costs are cost that change with level of
output, like wages and raw material.
· 2-This was a great video for the theory of supply and demand.
I was able to relate particularly about the housing market as
someone who was a real estate investor in 2005. It was a real
experience of supply and demand. Briefly in video, the
breakdown of three concepts are covered supply curve, demand
curve, and equilibrium. The supply curve is an illustration for
supply and price relationship. When prices go up, supplies
increase as well and vice versa. The demand curve is an
illustration for demand and price relationship. When prices go
up, demand declines, then further when prices decline, demand
increases. Equillibrim is a balance of both curves.
PLEASE REWORD
THESE PARAGRAPHS
IN YOUR OWN WORDS. PL
EASE DO
NOT USE THE SAME WORDS AS IN THE PARAGRAPHS.
THANKS.
o
1
-
According to Lisa Huddlestun, "Macroeconomics is the study of
behaviors and activities of
the economy as a whole, looks at such areas as the Federal
Reserve System,
unemployment, gross domestic product (GDP), and business
cycles" (Huddlestun 2015.)
The Fed
eral Reserve System's most important attribute is the regulation
of the supply of
money in circulation. This is important to the economy because
it influences interest rates,
money available for loans, and the overall price level of the
economy. Unemployme
nt could
mean a loss of income for individuals and lost production for
the economy. There are three
type of unemployment; frictional unemployment, cyclical
unemployment, and structural
unemployment. Frictional includes people that have quit their
jobs or h
ave been fired causing
them to be unemployed. Cyclical is related to the economy, such
as being laid off during a
recession. Structural unemployment is when someone hasn't
been hired because they do
not have the required skills or do not live in a high emp
loyment area. The gross domestic
product (GDP) is determined by total economic spending.
Economic spending includes
consumer, business, and government spending. Lisa states, GDP
is "the market value of all
final products produced in a year's time" (Huddles
tun 2015.) Economic performance is
measured by GDP. An increase in GDP means the economy is
growing. GDP also
determines if there will be inflation or not. Policy makers look
at past and present GDP to
formulate policies to help economic growth. If we have
economic growth then we could have
an increase in production of goods and services.
Microeconomics according to Lisa is, "the
individual components of the economy, such as costs of
production, maximizing profits, and
the different market structures" (Hudd
lestun 2015.) Businesses are the suppliers of goods
and services the individual wants. Most businesses want to
make a profit, or maximize their
profits. The level of output must be determined to help result in
the greatest profit.
Cost of
production has a
huge part in this. There are two types of cost production;
variable and fixed
costs. Fixed costs are costs that do not vary with the level of
output, for example a rent
payment.
Variable costs are cost that change with level of output, like
wages and raw
material.
o
2
-
This was a great video for the theory of supply and demand.
I was able to relate
particularly about the housing market as someone who was a
real estate investor in 2005.
It
was a real experience of supply and demand.
Briefly in video, the
breakdown of three
concepts are covered supply curve, demand curve, and
equilibrium.
The supply curve is an
illustration for supply and price relationship.
When prices go up, supplies increase as well
and vice versa. The demand curve is an illustration f
or demand and price relationship.
When
prices go up, demand declines, then further when prices decline,
demand
increases.
Equillibrim is a balance of both curves.
PLEASE REWORD THESE PARAGRAPHS IN YOUR OWN
WORDS. PLEASE DO
NOT USE THE SAME WORDS AS IN THE PARAGRAPHS.
THANKS.
o 1-According to Lisa Huddlestun, "Macroeconomics is the
study of behaviors and activities of
the economy as a whole, looks at such areas as the Federal
Reserve System,
unemployment, gross domestic product (GDP), and business
cycles" (Huddlestun 2015.)
The Federal Reserve System's most important attribute is the
regulation of the supply of
money in circulation. This is important to the economy because
it influences interest rates,
money available for loans, and the overall price level of the
economy. Unemployment could
mean a loss of income for individuals and lost production for
the economy. There are three
type of unemployment; frictional unemployment, cyclical
unemployment, and structural
unemployment. Frictional includes people that have quit their
jobs or have been fired causing
them to be unemployed. Cyclical is related to the economy, such
as being laid off during a
recession. Structural unemployment is when someone hasn't
been hired because they do
not have the required skills or do not live in a high employment
area. The gross domestic
product (GDP) is determined by total economic spending.
Economic spending includes
consumer, business, and government spending. Lisa states, GDP
is "the market value of all
final products produced in a year's time" (Huddlestun 2015.)
Economic performance is
measured by GDP. An increase in GDP means the economy is
growing. GDP also
determines if there will be inflation or not. Policy makers look
at past and present GDP to
formulate policies to help economic growth. If we have
economic growth then we could have
an increase in production of goods and services.
Microeconomics according to Lisa is, "the
individual components of the economy, such as costs of
production, maximizing profits, and
the different market structures" (Huddlestun 2015.) Businesses
are the suppliers of goods
and services the individual wants. Most businesses want to
make a profit, or maximize their
profits. The level of output must be determined to help result in
the greatest profit. Cost of
production has a huge part in this. There are two types of cost
production; variable and fixed
costs. Fixed costs are costs that do not vary with the level of
output, for example a rent
payment. Variable costs are cost that change with level of
output, like wages and raw
material.
o 2-This was a great video for the theory of supply and demand.
I was able to relate
particularly about the housing market as someone who was a
real estate investor in 2005. It
was a real experience of supply and demand. Briefly in video,
the breakdown of three
concepts are covered supply curve, demand curve, and
equilibrium. The supply curve is an
illustration for supply and price relationship. When prices go
up, supplies increase as well
and vice versa. The demand curve is an illustration for demand
and price relationship. When
prices go up, demand declines, then further when prices decline,
demand
increases. Equillibrim is a balance of both curves.

More Related Content

Similar to Tutor O-rama claims that their services will raise student SAT mat.docx

The Institutional Capital Model - macro economics
The Institutional Capital Model - macro economics  The Institutional Capital Model - macro economics
The Institutional Capital Model - macro economics
Ayush Parekh
 
Economic measurement(1)
Economic measurement(1)Economic measurement(1)
Economic measurement(1)yacub13
 
Business Design OutlineThe StudentBA500-ManagementInstructor.docx
Business Design OutlineThe StudentBA500-ManagementInstructor.docxBusiness Design OutlineThe StudentBA500-ManagementInstructor.docx
Business Design OutlineThe StudentBA500-ManagementInstructor.docx
RAHUL126667
 
Economic Development & Growth English.pdf
Economic Development & Growth English.pdfEconomic Development & Growth English.pdf
Economic Development & Growth English.pdf
raceias1
 
What is macroeconomics
What is macroeconomicsWhat is macroeconomics
What is macroeconomicsSeredup Maya
 
DB27 Economic Policy Challenging IncrementalismIncremental and.docx
DB27 Economic Policy Challenging IncrementalismIncremental and.docxDB27 Economic Policy Challenging IncrementalismIncremental and.docx
DB27 Economic Policy Challenging IncrementalismIncremental and.docx
theodorelove43763
 
Why Macroeconomic Structural and Wage-Price Indicators are Puzzling the Polic...
Why Macroeconomic Structural and Wage-Price Indicators are Puzzling the Polic...Why Macroeconomic Structural and Wage-Price Indicators are Puzzling the Polic...
Why Macroeconomic Structural and Wage-Price Indicators are Puzzling the Polic...
Economic Policy Dialogue
 
Macroeconomic variables Assignment
Macroeconomic variables Assignment Macroeconomic variables Assignment
Macroeconomic variables Assignment
Ali Shah
 
Macroeconomics.pdf
Macroeconomics.pdfMacroeconomics.pdf
Macroeconomics.pdf
studywriters
 
Al 12 - chapter 4
Al   12 - chapter 4Al   12 - chapter 4
Al 12 - chapter 4
Sheikh irshad Sahabuddeen
 
Macroeconomic environment ppt
Macroeconomic environment ppt Macroeconomic environment ppt
Macroeconomic environment ppt
Babasab Patil
 

Similar to Tutor O-rama claims that their services will raise student SAT mat.docx (12)

The Institutional Capital Model - macro economics
The Institutional Capital Model - macro economics  The Institutional Capital Model - macro economics
The Institutional Capital Model - macro economics
 
Economic measurement(1)
Economic measurement(1)Economic measurement(1)
Economic measurement(1)
 
Business Design OutlineThe StudentBA500-ManagementInstructor.docx
Business Design OutlineThe StudentBA500-ManagementInstructor.docxBusiness Design OutlineThe StudentBA500-ManagementInstructor.docx
Business Design OutlineThe StudentBA500-ManagementInstructor.docx
 
Economic Development & Growth English.pdf
Economic Development & Growth English.pdfEconomic Development & Growth English.pdf
Economic Development & Growth English.pdf
 
What is macroeconomics
What is macroeconomicsWhat is macroeconomics
What is macroeconomics
 
DB27 Economic Policy Challenging IncrementalismIncremental and.docx
DB27 Economic Policy Challenging IncrementalismIncremental and.docxDB27 Economic Policy Challenging IncrementalismIncremental and.docx
DB27 Economic Policy Challenging IncrementalismIncremental and.docx
 
Why Macroeconomic Structural and Wage-Price Indicators are Puzzling the Polic...
Why Macroeconomic Structural and Wage-Price Indicators are Puzzling the Polic...Why Macroeconomic Structural and Wage-Price Indicators are Puzzling the Polic...
Why Macroeconomic Structural and Wage-Price Indicators are Puzzling the Polic...
 
Macroeconomic variables Assignment
Macroeconomic variables Assignment Macroeconomic variables Assignment
Macroeconomic variables Assignment
 
Macroeconomics.pdf
Macroeconomics.pdfMacroeconomics.pdf
Macroeconomics.pdf
 
Al 12 - chapter 4
Al   12 - chapter 4Al   12 - chapter 4
Al 12 - chapter 4
 
Macroeconomic environment ppt
Macroeconomic environment ppt Macroeconomic environment ppt
Macroeconomic environment ppt
 
Capstone
CapstoneCapstone
Capstone
 

More from willcoxjanay

Critical Response Rubric Category 0 1 1.5 2 Timelin.docx
Critical Response Rubric Category 0 1 1.5 2 Timelin.docxCritical Response Rubric Category 0 1 1.5 2 Timelin.docx
Critical Response Rubric Category 0 1 1.5 2 Timelin.docx
willcoxjanay
 
Critical Response Rubric- Please view the videos provided on Asha De.docx
Critical Response Rubric- Please view the videos provided on Asha De.docxCritical Response Rubric- Please view the videos provided on Asha De.docx
Critical Response Rubric- Please view the videos provided on Asha De.docx
willcoxjanay
 
Critical Reflective AnalysisIn developing your genogram and learni.docx
Critical Reflective AnalysisIn developing your genogram and learni.docxCritical Reflective AnalysisIn developing your genogram and learni.docx
Critical Reflective AnalysisIn developing your genogram and learni.docx
willcoxjanay
 
Critical Reflection Projectzzz.docx
Critical Reflection Projectzzz.docxCritical Reflection Projectzzz.docx
Critical Reflection Projectzzz.docx
willcoxjanay
 
Critical reflection on the reading from Who Speaks for Justice, .docx
Critical reflection on the reading from Who Speaks for Justice, .docxCritical reflection on the reading from Who Speaks for Justice, .docx
Critical reflection on the reading from Who Speaks for Justice, .docx
willcoxjanay
 
Critical Reflection ExerciseStudents are expected to have co.docx
Critical Reflection ExerciseStudents are expected to have co.docxCritical Reflection ExerciseStudents are expected to have co.docx
Critical Reflection ExerciseStudents are expected to have co.docx
willcoxjanay
 
Critical Reading StrategiesThe University of Minnesota published.docx
Critical Reading StrategiesThe University of Minnesota published.docxCritical Reading StrategiesThe University of Minnesota published.docx
Critical Reading StrategiesThe University of Minnesota published.docx
willcoxjanay
 
Critical Qualitative Research Designpages 70–76Related to un.docx
Critical Qualitative Research Designpages 70–76Related to un.docxCritical Qualitative Research Designpages 70–76Related to un.docx
Critical Qualitative Research Designpages 70–76Related to un.docx
willcoxjanay
 
Critical InfrastructuresThe U.S. Department of Homeland Security h.docx
Critical InfrastructuresThe U.S. Department of Homeland Security h.docxCritical InfrastructuresThe U.S. Department of Homeland Security h.docx
Critical InfrastructuresThe U.S. Department of Homeland Security h.docx
willcoxjanay
 
Critical Infrastructure Protection Discussion Questions How.docx
Critical Infrastructure Protection Discussion Questions How.docxCritical Infrastructure Protection Discussion Questions How.docx
Critical Infrastructure Protection Discussion Questions How.docx
willcoxjanay
 
Critical InfrastructuresIn terms of critical infrastructure and ke.docx
Critical InfrastructuresIn terms of critical infrastructure and ke.docxCritical InfrastructuresIn terms of critical infrastructure and ke.docx
Critical InfrastructuresIn terms of critical infrastructure and ke.docx
willcoxjanay
 
Critical Infrastructure Case StudyPower plants are an important .docx
Critical Infrastructure Case StudyPower plants are an important .docxCritical Infrastructure Case StudyPower plants are an important .docx
Critical Infrastructure Case StudyPower plants are an important .docx
willcoxjanay
 
Critical Infrastructure and a CyberattackPresidential Decisi.docx
Critical Infrastructure and a CyberattackPresidential Decisi.docxCritical Infrastructure and a CyberattackPresidential Decisi.docx
Critical Infrastructure and a CyberattackPresidential Decisi.docx
willcoxjanay
 
Critical Incident Protection (CIP)Plans need to have your name o.docx
Critical Incident Protection (CIP)Plans need to have your name o.docxCritical Incident Protection (CIP)Plans need to have your name o.docx
Critical Incident Protection (CIP)Plans need to have your name o.docx
willcoxjanay
 
Critical Evaluation of Qualitative or Quantitative Research Stud.docx
Critical Evaluation of Qualitative or Quantitative Research Stud.docxCritical Evaluation of Qualitative or Quantitative Research Stud.docx
Critical Evaluation of Qualitative or Quantitative Research Stud.docx
willcoxjanay
 
Critical Analysis of Phillips argument in her essay Zombie Studies.docx
Critical Analysis of Phillips argument in her essay Zombie Studies.docxCritical Analysis of Phillips argument in her essay Zombie Studies.docx
Critical Analysis of Phillips argument in her essay Zombie Studies.docx
willcoxjanay
 
Critical Appraisal Process for Quantitative ResearchAs you cri.docx
Critical Appraisal Process for Quantitative ResearchAs you cri.docxCritical Appraisal Process for Quantitative ResearchAs you cri.docx
Critical Appraisal Process for Quantitative ResearchAs you cri.docx
willcoxjanay
 
CriteriaExcellentSuperiorGoodWork neededFailingIntrodu.docx
CriteriaExcellentSuperiorGoodWork neededFailingIntrodu.docxCriteriaExcellentSuperiorGoodWork neededFailingIntrodu.docx
CriteriaExcellentSuperiorGoodWork neededFailingIntrodu.docx
willcoxjanay
 
Critical analysis of primary literature - PracticePurposeThis.docx
Critical analysis of primary literature - PracticePurposeThis.docxCritical analysis of primary literature - PracticePurposeThis.docx
Critical analysis of primary literature - PracticePurposeThis.docx
willcoxjanay
 
Critical analysis of one relevant curriculum approach or model..docx
Critical analysis of one relevant curriculum approach or model..docxCritical analysis of one relevant curriculum approach or model..docx
Critical analysis of one relevant curriculum approach or model..docx
willcoxjanay
 

More from willcoxjanay (20)

Critical Response Rubric Category 0 1 1.5 2 Timelin.docx
Critical Response Rubric Category 0 1 1.5 2 Timelin.docxCritical Response Rubric Category 0 1 1.5 2 Timelin.docx
Critical Response Rubric Category 0 1 1.5 2 Timelin.docx
 
Critical Response Rubric- Please view the videos provided on Asha De.docx
Critical Response Rubric- Please view the videos provided on Asha De.docxCritical Response Rubric- Please view the videos provided on Asha De.docx
Critical Response Rubric- Please view the videos provided on Asha De.docx
 
Critical Reflective AnalysisIn developing your genogram and learni.docx
Critical Reflective AnalysisIn developing your genogram and learni.docxCritical Reflective AnalysisIn developing your genogram and learni.docx
Critical Reflective AnalysisIn developing your genogram and learni.docx
 
Critical Reflection Projectzzz.docx
Critical Reflection Projectzzz.docxCritical Reflection Projectzzz.docx
Critical Reflection Projectzzz.docx
 
Critical reflection on the reading from Who Speaks for Justice, .docx
Critical reflection on the reading from Who Speaks for Justice, .docxCritical reflection on the reading from Who Speaks for Justice, .docx
Critical reflection on the reading from Who Speaks for Justice, .docx
 
Critical Reflection ExerciseStudents are expected to have co.docx
Critical Reflection ExerciseStudents are expected to have co.docxCritical Reflection ExerciseStudents are expected to have co.docx
Critical Reflection ExerciseStudents are expected to have co.docx
 
Critical Reading StrategiesThe University of Minnesota published.docx
Critical Reading StrategiesThe University of Minnesota published.docxCritical Reading StrategiesThe University of Minnesota published.docx
Critical Reading StrategiesThe University of Minnesota published.docx
 
Critical Qualitative Research Designpages 70–76Related to un.docx
Critical Qualitative Research Designpages 70–76Related to un.docxCritical Qualitative Research Designpages 70–76Related to un.docx
Critical Qualitative Research Designpages 70–76Related to un.docx
 
Critical InfrastructuresThe U.S. Department of Homeland Security h.docx
Critical InfrastructuresThe U.S. Department of Homeland Security h.docxCritical InfrastructuresThe U.S. Department of Homeland Security h.docx
Critical InfrastructuresThe U.S. Department of Homeland Security h.docx
 
Critical Infrastructure Protection Discussion Questions How.docx
Critical Infrastructure Protection Discussion Questions How.docxCritical Infrastructure Protection Discussion Questions How.docx
Critical Infrastructure Protection Discussion Questions How.docx
 
Critical InfrastructuresIn terms of critical infrastructure and ke.docx
Critical InfrastructuresIn terms of critical infrastructure and ke.docxCritical InfrastructuresIn terms of critical infrastructure and ke.docx
Critical InfrastructuresIn terms of critical infrastructure and ke.docx
 
Critical Infrastructure Case StudyPower plants are an important .docx
Critical Infrastructure Case StudyPower plants are an important .docxCritical Infrastructure Case StudyPower plants are an important .docx
Critical Infrastructure Case StudyPower plants are an important .docx
 
Critical Infrastructure and a CyberattackPresidential Decisi.docx
Critical Infrastructure and a CyberattackPresidential Decisi.docxCritical Infrastructure and a CyberattackPresidential Decisi.docx
Critical Infrastructure and a CyberattackPresidential Decisi.docx
 
Critical Incident Protection (CIP)Plans need to have your name o.docx
Critical Incident Protection (CIP)Plans need to have your name o.docxCritical Incident Protection (CIP)Plans need to have your name o.docx
Critical Incident Protection (CIP)Plans need to have your name o.docx
 
Critical Evaluation of Qualitative or Quantitative Research Stud.docx
Critical Evaluation of Qualitative or Quantitative Research Stud.docxCritical Evaluation of Qualitative or Quantitative Research Stud.docx
Critical Evaluation of Qualitative or Quantitative Research Stud.docx
 
Critical Analysis of Phillips argument in her essay Zombie Studies.docx
Critical Analysis of Phillips argument in her essay Zombie Studies.docxCritical Analysis of Phillips argument in her essay Zombie Studies.docx
Critical Analysis of Phillips argument in her essay Zombie Studies.docx
 
Critical Appraisal Process for Quantitative ResearchAs you cri.docx
Critical Appraisal Process for Quantitative ResearchAs you cri.docxCritical Appraisal Process for Quantitative ResearchAs you cri.docx
Critical Appraisal Process for Quantitative ResearchAs you cri.docx
 
CriteriaExcellentSuperiorGoodWork neededFailingIntrodu.docx
CriteriaExcellentSuperiorGoodWork neededFailingIntrodu.docxCriteriaExcellentSuperiorGoodWork neededFailingIntrodu.docx
CriteriaExcellentSuperiorGoodWork neededFailingIntrodu.docx
 
Critical analysis of primary literature - PracticePurposeThis.docx
Critical analysis of primary literature - PracticePurposeThis.docxCritical analysis of primary literature - PracticePurposeThis.docx
Critical analysis of primary literature - PracticePurposeThis.docx
 
Critical analysis of one relevant curriculum approach or model..docx
Critical analysis of one relevant curriculum approach or model..docxCritical analysis of one relevant curriculum approach or model..docx
Critical analysis of one relevant curriculum approach or model..docx
 

Recently uploaded

Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
MIRIAMSALINAS13
 
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
Thiyagu K
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
MysoreMuleSoftMeetup
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
Balvir Singh
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
BhavyaRajput3
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
Jisc
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
PART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePART A. Introduction to Costumer Service
PART A. Introduction to Costumer Service
PedroFerreira53928
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
EduSkills OECD
 
Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
Atul Kumar Singh
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
beazzy04
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
DeeptiGupta154
 
Polish students' mobility in the Czech Republic
Polish students' mobility in the Czech RepublicPolish students' mobility in the Czech Republic
Polish students' mobility in the Czech Republic
Anna Sz.
 
Basic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumersBasic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumers
PedroFerreira53928
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
AzmatAli747758
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
GeoBlogs
 

Recently uploaded (20)

Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
 
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
PART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePART A. Introduction to Costumer Service
PART A. Introduction to Costumer Service
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 
Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
 
Polish students' mobility in the Czech Republic
Polish students' mobility in the Czech RepublicPolish students' mobility in the Czech Republic
Polish students' mobility in the Czech Republic
 
Basic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumersBasic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumers
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
 

Tutor O-rama claims that their services will raise student SAT mat.docx

  • 1. Tutor O-rama claims that their services will raise student SAT math scores at least 50 points. The average score on the math portion of the SAT is μ = 350 and σ = 35. The 100 students who completed the tutoring program had an average score of 385 points. Is the average score of 385 points significant at the 5% level? Is it significant at the 1% level? Explain why or why not. PLEASE REWORD THESE PARAGRAPHS IN YOUR OWN WORDS. PLEASE DO NOT USE THE SAME WORDS AS IN THE PARAGRAPHS. THANKS. · 1-According to Lisa Huddlestun, "Macroeconomics is the study of behaviors and activities of the economy as a whole, looks at such areas as the Federal Reserve System, unemployment, gross domestic product (GDP), and business cycles" (Huddlestun 2015.) The Federal Reserve System's most important attribute is the regulation of the supply of money in circulation. This is important to the economy because it influences interest rates, money available for loans, and the overall price level of the economy. Unemployment could mean a loss of income for individuals and lost production for the economy. There are three type of unemployment; frictional unemployment, cyclical unemployment, and structural unemployment. Frictional includes people that have quit their jobs or have been fired causing them to be unemployed. Cyclical is related to the economy, such as being laid off during a recession. Structural unemployment is when someone hasn't been hired because they do not have the required skills or do not live in a high employment area. The gross domestic product
  • 2. (GDP) is determined by total economic spending. Economic spending includes consumer, business, and government spending. Lisa states, GDP is "the market value of all final products produced in a year's time" (Huddlestun 2015.) Economic performance is measured by GDP. An increase in GDP means the economy is growing. GDP also determines if there will be inflation or not. Policy makers look at past and present GDP to formulate policies to help economic growth. If we have economic growth then we could have an increase in production of goods and services. Microeconomics according to Lisa is, "the individual components of the economy, such as costs of production, maximizing profits, and the different market structures" (Huddlestun 2015.) Businesses are the suppliers of goods and services the individual wants. Most businesses want to make a profit, or maximize their profits. The level of output must be determined to help result in the greatest profit. Cost of production has a huge part in this. There are two types of cost production; variable and fixed costs. Fixed costs are costs that do not vary with the level of output, for example a rent payment. Variable costs are cost that change with level of output, like wages and raw material. · 2-This was a great video for the theory of supply and demand. I was able to relate particularly about the housing market as someone who was a real estate investor in 2005. It was a real experience of supply and demand. Briefly in video, the breakdown of three concepts are covered supply curve, demand curve, and equilibrium. The supply curve is an illustration for supply and price relationship. When prices go up, supplies increase as well and vice versa. The demand curve is an illustration for demand and price relationship. When prices go up, demand declines, then further when prices decline, demand increases. Equillibrim is a balance of both curves.
  • 3. PLEASE REWORD THESE PARAGRAPHS IN YOUR OWN WORDS. PL EASE DO NOT USE THE SAME WORDS AS IN THE PARAGRAPHS. THANKS. o 1 - According to Lisa Huddlestun, "Macroeconomics is the study of behaviors and activities of the economy as a whole, looks at such areas as the Federal Reserve System, unemployment, gross domestic product (GDP), and business cycles" (Huddlestun 2015.) The Fed eral Reserve System's most important attribute is the regulation of the supply of money in circulation. This is important to the economy because it influences interest rates, money available for loans, and the overall price level of the economy. Unemployme nt could mean a loss of income for individuals and lost production for the economy. There are three type of unemployment; frictional unemployment, cyclical unemployment, and structural unemployment. Frictional includes people that have quit their jobs or h ave been fired causing
  • 4. them to be unemployed. Cyclical is related to the economy, such as being laid off during a recession. Structural unemployment is when someone hasn't been hired because they do not have the required skills or do not live in a high emp loyment area. The gross domestic product (GDP) is determined by total economic spending. Economic spending includes consumer, business, and government spending. Lisa states, GDP is "the market value of all final products produced in a year's time" (Huddles tun 2015.) Economic performance is measured by GDP. An increase in GDP means the economy is growing. GDP also determines if there will be inflation or not. Policy makers look at past and present GDP to formulate policies to help economic growth. If we have economic growth then we could have an increase in production of goods and services. Microeconomics according to Lisa is, "the individual components of the economy, such as costs of production, maximizing profits, and the different market structures" (Hudd lestun 2015.) Businesses are the suppliers of goods and services the individual wants. Most businesses want to make a profit, or maximize their profits. The level of output must be determined to help result in the greatest profit. Cost of production has a huge part in this. There are two types of cost production; variable and fixed
  • 5. costs. Fixed costs are costs that do not vary with the level of output, for example a rent payment. Variable costs are cost that change with level of output, like wages and raw material. o 2 - This was a great video for the theory of supply and demand. I was able to relate particularly about the housing market as someone who was a real estate investor in 2005. It was a real experience of supply and demand. Briefly in video, the breakdown of three concepts are covered supply curve, demand curve, and equilibrium. The supply curve is an illustration for supply and price relationship. When prices go up, supplies increase as well and vice versa. The demand curve is an illustration f or demand and price relationship.
  • 6. When prices go up, demand declines, then further when prices decline, demand increases. Equillibrim is a balance of both curves. PLEASE REWORD THESE PARAGRAPHS IN YOUR OWN WORDS. PLEASE DO NOT USE THE SAME WORDS AS IN THE PARAGRAPHS. THANKS. o 1-According to Lisa Huddlestun, "Macroeconomics is the study of behaviors and activities of the economy as a whole, looks at such areas as the Federal Reserve System, unemployment, gross domestic product (GDP), and business cycles" (Huddlestun 2015.) The Federal Reserve System's most important attribute is the regulation of the supply of money in circulation. This is important to the economy because it influences interest rates, money available for loans, and the overall price level of the economy. Unemployment could mean a loss of income for individuals and lost production for the economy. There are three type of unemployment; frictional unemployment, cyclical unemployment, and structural unemployment. Frictional includes people that have quit their jobs or have been fired causing them to be unemployed. Cyclical is related to the economy, such
  • 7. as being laid off during a recession. Structural unemployment is when someone hasn't been hired because they do not have the required skills or do not live in a high employment area. The gross domestic product (GDP) is determined by total economic spending. Economic spending includes consumer, business, and government spending. Lisa states, GDP is "the market value of all final products produced in a year's time" (Huddlestun 2015.) Economic performance is measured by GDP. An increase in GDP means the economy is growing. GDP also determines if there will be inflation or not. Policy makers look at past and present GDP to formulate policies to help economic growth. If we have economic growth then we could have an increase in production of goods and services. Microeconomics according to Lisa is, "the individual components of the economy, such as costs of production, maximizing profits, and the different market structures" (Huddlestun 2015.) Businesses are the suppliers of goods and services the individual wants. Most businesses want to make a profit, or maximize their profits. The level of output must be determined to help result in the greatest profit. Cost of production has a huge part in this. There are two types of cost production; variable and fixed costs. Fixed costs are costs that do not vary with the level of output, for example a rent payment. Variable costs are cost that change with level of output, like wages and raw material.
  • 8. o 2-This was a great video for the theory of supply and demand. I was able to relate particularly about the housing market as someone who was a real estate investor in 2005. It was a real experience of supply and demand. Briefly in video, the breakdown of three concepts are covered supply curve, demand curve, and equilibrium. The supply curve is an illustration for supply and price relationship. When prices go up, supplies increase as well and vice versa. The demand curve is an illustration for demand and price relationship. When prices go up, demand declines, then further when prices decline, demand increases. Equillibrim is a balance of both curves.