1 sat or act each year thousands of high school stu- dents, Ask an Expert

Accounting

1. SAT or ACT? Each year thousands of high school stu- dents take either the SAT or ACT, standardized tests used in the college admissions process. Combined SAT scores can go as high as 1600, while the maximum ACT composite score is 36. Since the two exams use very different scales, comparisons of performance are difficult. (A con- venient rule of thumb is SAT = 40 * ACT + 150; that is, multiply an ACT score by 40 and add 150 points to estimate the equivalent SAT score.) Assume that one year the combined SAT can be modeled by N11000, 2002 and the ACT can be modeled by N127, 32. If an applicant to a uni- versity has taken the SAT and scored 1260 and another stu- dent has taken the ACT and scored 33, compare these students scores using z-values. Which one has a higher rel- ative score? Explain.

2. Economics. Anna, a business major, took final exams in both Microeconomics and Macroeconomics and scored 83 on both. Her roommate Megan, also taking both courses, scored 77 on the Micro exam and 95 on the Macro exam. Overall, student scores on the Micro exam had a mean of 81 and a standard deviation of 5, and the Macro scores hada mean of 74 and a standard deviation of 15. Which stu- dent's overall performance was better? Explain.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91724407

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - 2018 pretax accounting income 400000all fixed

Question - 2018 Pretax Accounting Income: $400,000 All Fixed Assets Purchased Prior to January 1, 2018 were Fully Depreciated at 12/31/17 Fixed Assets purchased on January 1, 2018 for $100,000 and have Estimated Life of ...

Question - bob smith borrowed 200000 on january 1 2015 the

Question - Bob Smith borrowed $200,000 on January 1, 2015. The interest rate of 8% is compounded semiannually to be repaid January 1, 2025. To repay this Bob wants to start making five equal annual deposits into fund tha ...

Question - great outdoze company manufactures sleeping bags

Question - Great Outdoze Company manufactures sleeping bags, which sell for $65 each. The variable costs of production are as follows: Direct material$20 Direct labor 11 Variable manufacturing overhead 8 Budgeted fixed o ...

Myob assignmentassessment purposethis assignment is an

MYOB Assignment Assessment Purpose This assignment is an individual assessment assessing your learning from the MYOB tutorials and Pabst & Perrin text by completing the February transactions and end of month processing. ...

Question - calculate the break-even in dollars given the

Question - Calculate the break-even in dollars given the following information: Sales per unit of $40, variable costs of $15, fixed costs of $15,000, and a desired profit of $20,000. What is the break-even in dollars?

Question - dividend income susan owns shares of stock in a

Question - Dividend Income. Susan owns shares of stock in a corporation. In January 2018, she received a 1099-DIV reporting the following: Total ordinary dividends $526 Qualified dividends included in total dividends 450 ...

Question - cassy reports a gross tax liability of 1110 she

Question - Cassy reports a gross tax liability of $1,110. She also claims $510 of nonrefundable personal credits, $755 of refundable personal credits, and $310 of business credits. What is Cassy's tax refund or tax liabi ...

Question - cartagena corporation has net income of 281000

Question - Cartagena Corporation has net income of $281,000 for the year ended December 31, 2012 and common shares outstanding of 100,000. Cartagena Corporation did not issue or repurchase additional common shares during ...

Corporate accounting assignment -assessment task - select

Corporate Accounting Assignment - Assessment task - Select two public limited companies listed on the Australian Securities Exchange (ASX) that are in the same industry. Go to the website of your selected companies. Then ...

Question - given the following data what is the value of

Question - Given the following data, what is the value of the gross profit as determined by the LIFO method? Sales revenue 300 units at $15 per unit Purchases 240 units at $10 per unit Beginning Inventory 120 units at $9 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert