Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $65,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 percent. Ben has a savings account with enough money to cover the entire cost of his MBA program. The Ritter College of Business at Wilton University is one of the top MBA programs in the country. The MBA degree requires two years of full-time enrollment at the university. The annual tuition is $70,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $3,000 per year. Ben expects that after graduation from Wilton, he will receive a job offer for about $110,000 per year, with a $20,000 signing bonus. The salary at this job will increase at 4 percent per year. Because of the higher salary, his average income tax rate will increase to 31 percent. The Bradley School of Business at Mount Perry College began its MBA program 16 years ago. The Bradley School is smaller and less well known than the Ritter College. Bradley offers an accelerated, one-year program, with a tuition cost of $85,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $4,500. Ben thinks that he will receive an offer of $92,000 per year upon graduation, with an $18,000 signing bonus. The salary at this job will increase at 3.5 percent per year. His average tax rate at this level of income will be 29 percent. Both schools offer a health insurance plan that will cost $3,000 per year, payable at the beginning of the year. Ben also estimates that room and board expenses will cost $2,000 more per year at both schools than his current expenses, payable at the beginning of each year. The appropriate discount rate is 6.3 percent.

Please answer:

current salary______

years until retirement_____

salary increase______

tax rate____

Wilton

tuition per year____

books & supplies____

starting salary____

signing bonus____

salary increase_____

tax rate_____

Mount Perry

tuition per year____

books & supplies____

starting salary____

signing bonus____

salary increase_____

tax rate_____

Both schools

health insurance______

room & board_______

discount rate______

FiscalNote is a startup founded by a Washington, DC entrepreneur and funded by a Singapore sovereign wealth fund, the Winklevoss twins of Facebook fame, and others. It uses machine learning and data mining techniques to predict for its clients whether legislation in the US Congress and in US state legislatures will pass or not. The company reports 94% accuracy. (Washington Post, November 21, 2014, “Capital Business”) ConsideringjustbillsintroducedintheUSCongress,do a bit of internet research to learn about the numbers of bills introduced and passage rates. Identifythepossibletypes of misclassifications, and comment on the use of overall accuracy as a metric. Include a discussion of other possible metrics and the potential role of propensities.

There are 2 questions in this assignment.

1. Molly wants to pursue a graduate degree at New University but is unsure whether to specialize in law or medicine. To help her decide, she takes both the MCAT and LSAT exams.

LSAT: Molly's score = 120; Students at New University: M = 150, SD = 15

MCAT: Molly's score = 52; Students at New University: M = 40, SD = 6

Enter the data into SPSS and compute z-scores for each group of data.

Which graduate degree should Molly pursue?

In addition to your answer to the preceding question, copy and paste the SPSS output showing how you calculated this score and organize this in a Word document.

2. Amy and Sarah are arguing about who is smarter. They are the same major (psychology), they have identical GPAs (3.8), and attend the same university (Temple). They’ve decided that whoever had a higher college entrance exam is the more intelligent person. However, Amy took the ACT and Sarah took the SAT.

Amy earned a composite score of 24 on the ACT where there is a population mean of the ACT is 18 (σ = 6).

Sarah earned a composite score of 1,000 on the SAT where there is a population mean for the SAT is 906 (σ = 100).  

Compute the z-scores for Amy and Sarah using SPSS. According to their agreement, who is more intelligent?

In addition to your answer to the preceding question, copy and paste the SPSS output showing how you calculated this score and organize this in a Word document.

Give an example from real company who using Owned social Media, Paid Social Media and Earned Social media in order to attracted their consumer Analyze whether it is effective :

This comes from the Columbia University website: “As an equal opportunity and affirmative action employer, the University does not discriminate against or permit harassment of employees or applicants for employment on the basis of race, color, sex, gender (including gender identity and expression), pregnancy, religion, creed, national origin, age, alienage and citizenship, status as a perceived or actual victim of domestic violence, disability, marital status, sexual orientation, military status, partnership status, genetic predisposition or carrier status, arrest record, or any other legally protected status.”

1. Which characteristics are universal (we’re all afflicted and therefore vulnerable to discrimination) and which ones are individual (some of us have the trait and some don’t)? In your opinion is one group more vulnerable to discrimination? Why?
   
2. If you wanted to stop discrimination at Columbia University, could you rank the protected characteristics in terms of their importance? Which forms of discrimination would be most important to combat and which wouldn’t matter so much? Or are they all equally important? Justify your answer.
   
3. Are there any characteristics you would add to the list? In terms of doing ethics, is there any problem with a list this long?

Explain how the US free market economic system is founded upon the concept of private property rights as stated in the US Constitution. Be explicit concerning which parts of the US Constitution apply, how they apply, and give real world examples of how this relates to how a market economy answering the 3 fundamental questions of economics as opposed to how a command economy answers the 3 fundamental questions.

An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is given.

(a)

What is the probability that among 15 randomly chosen such individuals, at least 10 have no citations? (Round your answer to three decimal places.)

(b)

What is the probability that among 15 randomly chosen such individuals, fewer than half have at least one citation? (Round your answer to three decimal places.)

(c)

What is the probability that among 15 randomly chosen such individuals, the number that have at least one citation is between 5 and 10, inclusive? ("Between a and b, inclusive" is equivalent to

(a ≤ X ≤ b).

Round your answer to three decimal places.)

Part of the ACA included a provision for an individual mandate, meaning that most individuals in the US would be required to have health insurance or seek an exemption. Prior to this mandate, who do you think was most likely to purchase health insurance? Explain.