Mead's resource equation

(noun)

$E=N-B-T$: an equation that gives a hint of what the appropriate sample size is, where parameters such as expected standard deviations or expected differences in values between groups are unknown or very hard to estimate.

Related Terms

  • Cohen's D

Examples of Mead's resource equation in the following topics:

  • Determining Sample Size

    • As follows, this can be estimated by pre-determined tables for certain values, by Mead's resource equation, or, more generally, by the cumulative distribution function.
    • Mead's resource equation is often used for estimating sample sizes of laboratory animals, as well as in many other laboratory experiments.
    • All the parameters in the equation are in fact the degrees of freedom of the number of their concepts, and hence, their numbers are subtracted by 1 before insertion into the equation.
    • The equation is:
    • Calculate the appropriate sample size required to yield a certain power for a hypothesis test by using predetermined tables, Mead's resource equation or the cumulative distribution function.
  • The Interactionist Perspective

    • Following founding symbolic interactionist George Herbert Mead, Herbert Blumer claimed that people interact with each other by attaching meaning to each other's actions instead of merely reacting to them.
    • Competition was created by groups fighting for urban resources, like land, which led to a division of urban space into ecological niches.
    • George Herbert Mead (1863–1931) was an American philosopher, sociologist, and psychologist, primarily affiliated with the University of Chicago, where he was one of several distinguished pragmatists.
  • Grant's Pursuit of Lee

    • Meade, and other forces against Confederate General Robert E.
    • He chose to make his headquarters with the Army of the Potomac, although Meade retained formal command of that army.
    • Now Grant selected a geographic and political target and knew that his superior resources could besiege Lee there, pin him down, and either starve him into submission or lure him out for a decisive battle.
  • The Resource-Based View

    • In the resource-based view (RBV), strategic planning uses organizational resources to generate a viable strategy.
    • Upper management must carefully consider what resources are at the company's disposal and how these assets may equate to operational value through strategic processes.
    • Rare – To be of value, a resource must be rare by definition.
    • In a perfectly competitive strategic factor market for a resource, the price of the resource will reflect expected future above-average returns.
    • Knowledge-based resources are "the essence of the resource-based perspective."
  • The Accounting Equation

    • The accounting equation is a general rule used in business transactions where the sum of liabilities and owners' equity equals assets.
    • The fundamental accounting equation, which is also known as the balance sheet equation, looks like this: $\text{assets} = \text{liabilities} + \text{owner's equity}$.
    • Or more correctly, the term "assets" represents the value of the resources of the business.
    • Looking at the fundamental accounting equation, one can see how the equation stays is balance.
    • Additionally, changes is the accounting equation may occur on the same side of the equation.
  • Pragmatism

    • Its direction was determined by The Metaphysical Club members Charles Sanders Peirce, William James, and Chauncey Wright, as well as John Dewey and George Herbert Mead.
    • The maxim equates any conception of an object to a conception of that object's effects, to a general extent of the effects' conceivable implications for informed practice.
  • Logistic Population Growth

    • Thus, the exponential growth model is restricted by this factor to generate the logistic growth equation:
    • Notice that when N is very small, (K-N)/K becomes close to K/K or 1; the right side of the equation reduces to rmaxN, which means the population is growing exponentially and is not influenced by carrying capacity.
    • A graph of this equation yields an S-shaped curve ; it is a more-realistic model of population growth than exponential growth.
    • Then, as resources begin to become limited, the growth rate decreases.
    • When resources are limited, populations exhibit logistic growth.
  • Logistic Equations and Population Grown

    • A logistic equation is a differential equation which can be used to model population growth.
    • The logistic function is the solution of the following simple first-order non-linear differential equation:
    • The logistic equation is commonly applied as a model of population growth, where the rate of reproduction is proportional to both the existing population and the amount of available resources, all else being equal.
    • The equation describes the self-limiting growth of a biological population.
    • In the equation, the early, unimpeded growth rate is modeled by the first term $rP$.
  • Assets

    • Assets are resources as a result of past events and from which future economic benefits are expected to flow to the enterprise.
    • In financial accounting, assets are economic resources.
    • Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the market place.
    • That is, the total value of a firm's assets are always equal to the combined value of its "equity" and "liabilities. " In other words, the accounting equation is the mathematical structure of the balance sheet.
    • "An asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise. "
  • Defining the Cash Flow Cycle

    • In management accounting, the CCC measures how long a firm will be deprived of cash if it increases its investment in resources in order to expand customer sales.
    • Although the term "cash conversion cycle" technically applies to a firm in any industry, the equation is formulated to apply specifically to a retailer.
    • Since a retailer's operations consist of buying and selling inventory, the equation models the time between the following:
    • The equation describes a firm that buys and sells on account.
    • Also, the equation is written to accommodate a firm that buys and sells on account.
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