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Age and Politics Do people’s political philosophy tend to change with age? One technique we may use to answer this question is to see if the mean age of conservatives, moderates, and liberals differ. Go to the book’s website to obtain the data file SullivanStatsSurveyI using the file format of your choice for the version of the text you are using.

(a) State the null and alternative hypotheses.

(b) Verify that the requirements to use the one-way ANOVA procedure are satisfied. Normal probability plots indicate that the sample data come from normal populations.

(c) Are the mean ages for the three political philosophies different at the  level of significance?

(d) Draw boxplots of the ages of the three political philosophies to support the analytic results obtained in part (c).

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World Series Are the teams that play in the World Series evenly matched? To win a World Series, a team must win four games. If the teams are evenly matched, we would expect the number of games played in the World Series to follow the distribution shown in the first two columns of the following table. The third column represents the actual number of games played in each World Series from 1930 to 2014. Do the data support the distribution that would exist if the teams are evenly matched and the outcome of each game is independent? Use the  level of significance.

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6. Effects of a tariff Suppose the following graph shows the domestic demand (D) and domestic supply (S) for cheese in Algeria, which is a producer as well as an importer of cheese. The free trade world price of cheese (P.) is $2,500 per tonne. 7000 Price with Tariff Tariff Revenue PRICE COST (Dollars per tonne) Change in PS DWL 1500+ 1000
QUANTITY (Milions of tonnes) per tonne. Algeria would produce million tonnes of cheese and import With free trade, the price of cheese in Nigeria would be s million tonnes. Suppose Algeria’s government imposes a 60% tariff on cheese imports. Assume the tariff does not influence the world price of cheese. On the preceding graph, use the black line (plus symbol) to show the world supply of cheese with the tariff its domestic consumption by The tariff million tonnes, and Algeria’s production of cheese by million tonnes, its imports by million tonnes. On the preceding graph, use the green quadrilateral triangle symbols) to shade the area that represents tariff revenue. Then use the purple point (diamond symbol) to shade the area that represents the change in the producer surplus resulting from the tariff. Finally, use the black points to shade the area, or areas if there are more than one on the graph, that together represent the deadweight loss resulting from the tariff Note: Select and drag a fill area point from the palette to the graph. To fill in regions on the graph, merely drop the fill area point on the desired region.
On the preceding graph, use the green quadrilateral (triangle symbols) to shade the area that represents tariff revenue. Then use the purple point (diamond symbol) to shade the area that represents the change in the producer surplus resulting from the tariff. Finally, use the black points to shade the area, or areas if there are more than one on the graph, that tooether represent the deadweight loss resulting from the tariff Note: Select and drag a fill area point from the palette to the graph. To fill in regions on the graph, merely drop the fill area point on the desired region FH in the blank calls in the following table to summarize the effects of the tariff on Algeria’s welfare. (Hint: The area of each shaded region on the graph can be found by clicking on the polygon.) Amount of Change (Millions of dollars) Change In… Gain or Loss Tariff revenue Producer surplus Consumer surplus Change in total welfare

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cleaning company

  • Product/service (Describe & Explain with details)
  • Unique Selling Position (How will your products/services succeed in the market where others may have failed? What gives your products/services a distinctive edge?)
  • Value to Customers (How do your customers value your products/services? Are they a necessity, luxury, or something in between?
  • Market Position (Where do your products/services fit in the market? Are they high-end, competitive, or a low-cost alternative to the products/services offered by your competitors? How does this compare to your competitors?
  • Your Company`s SWOT (Your strengths, weaknesses, opportunities, & Threats)…your business not the competition!
  • Target Market (Who are you selling to? Why would they buy your products/services over others?)
  • Customer Demographics (Define who your target customers are and how they behave. You can include age, gender, social status, education, and attitudes. What are their lifestyles, activities, values, needs, interests or opinions? Where are they located?
  • Key Customers (Identify your key customers. (These can be large consumers of your products or individuals whose satisfaction is key to the success of your business.) How will you target your products/services to them? How will you deliver your product/service to them?
  • Customer Relationship Management (CRM)(How will you maintain a good relationship with your customers? What techniques will you use? How will you keep your customers coming back? Have you introduced customer service standards? Do you follow any particular code of practice?
  • Marketing Strategy (How do you plan to enter the market? How do you intend to attract customers? How and why will this work? What steps or activities will you undertake to achieve your goals/objectives? For each marketing activity/milestone: Marketing activity/milestone: Print advertising, online advertising, mail-out, giveaway, media release, event, website, blog/social media, public relations, branding, and artwork, or publications and catalogs.

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