Entries by Hannah Wangui

How do college professors spend their time?

September 4, 2019 in /by

Question How do college professors spend their time? The National Education Association Almanac of Higher Education gives the following average distribution of professional time allocation: teaching, 59%; research, 12%; professional growth, 3%; community service, 11%; service to the college, 11%; and consulting outside the college, 4%. Make a pie chart showing the allocation of professional time for college professors.   Looking for a […]

 

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How long did real cowboys live?

September 4, 2019 in /by

Question How long did real cowboys live? One answer may be found in the book The Last Cowboys by Connie Brooks (University of New Mexico Press). This delightful book presents a thoughtful sociological study of cowboys in West Texas and Southeastern New Mexico around the year 1890. A sample of 32 cowboys gave the following years of longevity: 58 […]

 

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annual income

September 4, 2019 in /by

Question It is costly in both time and money to go to college. Does it pay off? According to the Bureau of the Census, the answer is yes. The average annual income (in thousands of dollars) of a household headed by a person with the stated education level is as follows: 24.8 if ninth grade is the highest level […]

 

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The interest rate

September 4, 2019 in /by

Question A famous quarterback just signed a contract for $15.2 million, providing $3.4 million a year for 4 years. A less famous receiver signed a contract for $14.2 million, providing $3 million now and $2.8 million a year for 4 years. The interest rate is 8%. a. What is the PV of the quarterback’s contract? (Do not […]

 

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