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Opinion polls. Pollsters regularly conduct opinion polls to determine the popularity rating of the current president. Suppose a poll is to be conducted tomorrow in which 2,000 individuals will be asked whether the president is doing a good or bad job. The 2,000 individuals will be selected by random-digit telephone dialing and asked the question over the phone. What is the variable of interest? Is it quantitative or qualitative?
Dyer and Salinas have decided to form a partnership. They have agreed that Dyer is to invest $120,000 and that Salinas is to invest$40,000. Dyer is to devote one-half time to the business and Salinas is to devote full time. The following plans for the division of income are being considered:
f. Plan (e), except that Salinas is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances.
Instructions For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $108,000 and (2) net income of$150,000. Present the data in tabular form, using the following columnar headings: