Kyle and Linda are married with two children at home and a mortgage. Kyle’s net pay per year is $32,000 and Linda’s is $48,000. Their monthly expenses are $3,500. Kyle and Linda each contribute 15% of their earnings to a retirement fund and they have $5,000 in savings. They also have a $100,000 life insurance policy on Kyle, but none on Linda.

As their financial advisor, what part of Kyle and Linda’s financial plan would you encourage them to work on and why?
a.
Their plan for managing income.
Their net cash flow is negative.
b.
Their plan for managing their liquidity.
They are not prepared for emergencies.
c.
Their plan for retirement.
They don’t contribute enough to meet their long term goals.
d.
Their plan for protecting their assets.
They should have life insurance on Linda.

Q.1 dr. frank needs to choose 3 students from her advanced biology course to attend a conference in hawaii. the course has 40 students. which of the following methods could dr. frank use to choose a simple, random sample of 3 students? select all that apply. 1 dr. frank could have the students line up from shortest to tallest, then use her birthdate, 2/5/39, to select 3 students from the line (the 2nd student, the 5th student, and the 39th student). 2. dr. frank could upload her class roster into a spreadsheet and use a ranom-number generating function to produce 3 random numbers. the students whose names are located in the rows with these 3 numbers on the spreadsheet would be chosen. 3. dr. frank could choose the students with the 3 highest grades in the class. 4. dr. frank could count to three, then the first students to come to the front of the classroom and grab a golden ticket from her hand would be selected. 5. dr. frank could ask all students to write their name on a card, place all of the cards in a hat, shake the hat, and then pull 3 cards out from the hat. the students whose names appear on those 3 cards will be selected. 6. dr. frank could ask for volunteers to go to the conference, then choose the first 3 students who raise their hands. q2. now, choose one of the methods that you did not select and explain why this method would not result in a simple, random sample: