Consider the following Data:
|
Year |
Tea |
Coffee |
|---|---|---|
|
1994 |
42.4 |
95.85 |
|
1995 |
42.12 |
97.28 |
|
1996 |
47.61 |
87.62 |
|
1997 |
60.86 |
92.04 |
|
1998 |
55.58 |
99.21 |
|
1999 |
50.61 |
95.63 |
|
2000 |
49.89 |
97.42 |
|
2001 |
56.77 |
93.93 |
|
2002 |
62.53 |
95.67 |
|
2003 |
68.31 |
99.25 |
|
2004 |
69.88 |
101.31 |
|
2005 |
72.99 |
101.68 |
|
2006 |
71.36 |
104.02 |
|
2007 |
90.78 |
106.09 |
|
2008 |
74.7 |
105.8 |
|
2009 |
67.15 |
102.15 |
|
2010 |
67.03 |
101.15 |
|
2011 |
87.83 |
104.05 |
|
2012 |
93.4 |
102.7 |
|
2013 |
78.9 |
105.28 |
|
2014 |
111.32 |
106.3 |
|
2015 |
98.39 |
104.96 |
|
2016 |
105.25 |
103.57 |
In: Statistics and Probability
Automotive: The following table presents a portion of the annual returns for Fidelity's Select Automotive Fund (in percent). This mutual fund invests primarily in companies engaged in the manufacturing, marketing, or the sales of automobiles, trucks, specialty vehicles, parts, tires, and related services.
| Year | Automotive Fund | |
| 1987 | 6.54 | |
| 1988 | 20.06 | |
| 1989 | 4.1 | |
| 1990 | -6.72 | |
| 1991 | 37.33 | |
| 1992 | 41.61 | |
| 1993 | 35.38 | |
| 1994 | -12.75 | |
| 1995 | 13.43 | |
| 1996 | 16.07 | |
| 1997 | 16.78 | |
| 1998 | 4.94 | |
| 1999 | -13.47 | |
| 2000 | -7.24 | |
| 2001 | 22.82 | |
| 2002 | -6.48 | |
| 2003 | 43.53 | |
| 2004 | 7.11 | |
| 2005 | -1.75 | |
| 2006 | 13.33 | |
| 2007 | 0.01 | |
| 2008 | -61.2 | |
| 2009 | 122.28 | |
| 2010 | 46.18 | |
| 2011 | -26.16 | |
| 2012 | 26.17 | |
| 2013 | 46.67 | |
1.State the null and the alternative hypothesis in order to test whether the standard deviation is greater than 35%.
2.What assumption regarding the population is necessary to implement this step?
3. Calculate the value of the test statistics.
4. Find the p-value.
5.At a=0.05, what is your conclusion?
In: Statistics and Probability
View 3
Seneca Courses Inc.
Employee Forms
All employee information for SCI is maintained on file forms. The following are sample employee information forms:
|
EMP_ID |
7839 |
EMP_ID |
7654 |
|||
|
EMP_NAME |
JOHN CHIU |
EMP_NAME |
ANDRE MARTIN |
|||
|
SOC_INS |
123-234-345 |
SOC_INS |
678-345-123 |
|||
|
POSITION |
MANAGER |
POSITION |
SALES |
|||
|
SUPERVISOR |
SUPERVISOR |
JOHN CHIU |
||||
|
HIREDATE |
November 13, 1999 |
HIREDATE |
September 24, 1999 |
|
EMP_ID |
7434 |
EMP_ID |
7435 |
|||
|
EMP_NAME |
PARVEZ RAI |
EMP_NAME |
DANIEL CHOY |
|||
|
SOC_INS |
234-123-432 |
SOC_INS |
345-312-234 |
|||
|
POSITION |
SALES |
POSITION |
CLERK |
|||
|
SUPERVISOR |
JOHN CHIU |
SUPERVISOR |
||||
|
HIREDATE |
June 24, 1980 |
HIREDATE |
August 4, 1998 |
Business Rules:
1. SOC_INS must always be different for each employee.
2. EMP_NAME must always have a value.
Normalize the above user view. Document all steps including UNF, 1NF, Dependencies, 2NF, and 3NF and explain or list the primary key and foreign
In: Computer Science
Which of the following statement does NOT correctly characterize a monopoly market?
Options:
|
There are many buyers and only on seller. |
||
|
Market price is set to be equal to the average revenue. |
||
|
The average revenue is equal to the marginal revenue. |
||
|
The seller has the pricing power |
In: Economics
The most recent FASB-IASB convergence projects include:
a. Leases, Research and Development, Revenue Recognition, and Fair Value Measurement.
b. Leases, Revenue Recognition, Fair Value Measurement, and Joint Ventures.
c. Insurance Contracts, Post-Employment Benefits, Income Taxes and Impairment
d. Insurance Contracts, Income Taxes, Leases, and Revenue Recognition.
e. Revenue Recognition, Leases, Insurance Contracts, and Income Taxes.
In: Accounting
The total revenue (in hundreds of dollars) from the sale of x spas and y solar heaters is approximated by
R(x,y) = 11+196x+218y−8x^2−7y^2−4xy.
Find the number of each that should be sold to produce maximum revenue. Find the maximum revenue.
Find the derivatives Rxx, Ryy, and Rxy.
Rxx=____
Ryy=____
Rxy=____
Selling spas _____ and _____solar heaters gives the maximum revenue of $_____.
In: Math
Using out two-team model, graphically demonstrate that the marginal revenue (MR) from hiring talent is equal across large and small revenue markets in equilibrium. In the same graph, show and clearly label revenue imbalance, competitive imbalance and payroll imbalance.
Hint: You should use a two-team model (one large revenue team and one small revenue team and assume that their winning percentages sum to 1.00)
MRL = 100 – 120 WL
MRS = 60 – 80 WS
Solve for both winning percents and the MR in equilibrium. Show this on your graph.
In: Operations Management
Forecast the advertising revenue for each quarter in 2011 using seasonal dummy variables and a best subsets regression. (Let the first dummy variable be equal to 1 for Quarter 2 and so on, following the order of the seasonal categories in the given table.
2008
| 1 | 540 |
| 2 | 516 |
| 3 | 488 |
| 4 | 500 |
2009
| quarter | Rev. in Millions |
| 1 | 433 |
| 2 | 407 |
| 3 | 402 |
| 4 | 460 |
2010
| quarters | rev. in millions |
| 1 | 347 |
| 2 | 297 |
| 3 | 292 |
| 4 | 332 |
A) The revenue forecast for the first quarter in 2011 is?
The revenue forecast for the second quarter in 2011 is?
The revenue forecast for the third quarter in 2011 is?
The revenue forecast for the fourth quarter is?
B.) quarter 4 has an average revenue that is ___ above that for quarter !
C.) Calculate the MAD for the forecast.
In: Math
-The demand for low-priced goods is relatively _________, and the demand for high priced goods is relatively __________.
-The more time you have to adjust to a price change, the _________ (more/less) elastic is your response, because time allows consumers to seek out available substitutes.
-For elastic, an increase in price leads to ________ in total revenue, and decrease in price leads to _______ in total revenue.
-For inelastic, increase in price leads to _______ in total revenue, and decrease in price leads to _____ in total revenue.
-For unitary elastic, increase in price leads to _______ in total revenue, and decrease in price leads to _____ in total revenue.
-Consider the market for bicycles. If a dealer cuts price by 20 percent and sells 10 percent more bikes, then demand for bicycles is:
A. Inelastic, and total revenue will increase.
B. Elastic, and total revenue will increase.
C. Inelastic, and total revenue will decrease.
D. Elastic, and total revenue will decrease.
- If popcorn sales declined 20% when the candy price dropped 10%, the cross-price elasticity of demand for popcorn = __________, a relatively elastic response.
If popcorn sales declined 20% when the movie admission price increased 10%, the cross-price elasticity of popcorn is _____, a relatively elastic response.
- When goods are substitutes, cross-price elasticity is _______. When goods are complements, cross-price elasticity is ______.
- Your income rises by 10%. You go to the movies more and buy 20% more popcorn. Income elasticity of demand for popcorn is ______.
-When a good is a normal good, income elasticity is ________. When a good is an inferior good, income elasticity is _______.
-Income elasticity of demand = 3.29 =>popcorn is an (a) ____ good b/c the income elasticity of demand is __________.
In: Economics
Vertical Analysis of Income Statement
The following comparative income statement (in thousands of dollars) for the two recent fiscal years was adapted from the annual report of Calvin Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways.
| Current Year | Previous Year | |||||||
| Revenues: | ||||||||
| Admissions | $92,316 | $104,544 | ||||||
| Event-related revenue | 135,648 | 131,648 | ||||||
| NASCAR broadcasting revenue | 179,922 | 170,368 | ||||||
| Other operating revenue | 63,114 | 77,440 | ||||||
| Total revenue | $471,000 | $484,000 | ||||||
| Expenses and other: | ||||||||
| Direct expense of events | $91,374 | $98,252 | ||||||
| NASCAR purse and sanction fees | 121,518 | 120,032 | ||||||
| Other direct expenses | 24,492 | 25,168 | ||||||
| General and administrative | 177,567 | 220,704 | ||||||
| Total expenses and other | $414,951 | $464,156 | ||||||
| Income from continuing operations | $56,049 | $19,844 | ||||||
a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round to one decimal place. Enter all amounts as positive numbers.
| Calvin Motorsports, Inc. | ||||
| Comparative Income Statement (in thousands of dollars) | ||||
| For the Years Ended December 31 | ||||
| Current Year Amount | Current Year Percent | Prior Year Amount | Prior Year Percent | |
| Revenues: | ||||
| Admissions | $92,316 | % | $104,544 | % |
| Event-related revenue | 135,648 | % | 131,648 | % |
| NASCAR broadcasting revenue | 179,922 | % | 170,368 | % |
| Other operating revenue | 63,114 | % | 77,440 | % |
| Total revenue | $471,000 | % | $484,000 | % |
| Expenses and other: | ||||
| Direct expense of events | $91,374 | % | $98,252 | % |
| NASCAR purse and sanction fees | 121,518 | % | 120,032 | % |
| Other direct expenses | 24,492 | % | 25,168 | % |
| General and administrative | 177,567 | % | 220,704 | % |
| Total expenses and other | $414,951 | % | $464,156 | % |
| Income from continuing operations | $56,049 | % | $19,844 | % |
Feedback
a. For each year, show each item as a percentage of total revenues.
b. While overall revenue decreased some between the two years, the overall mix of revenue sources did change somewhat. The NASCAR broadcasting revenue increased as a percent of total revenue by 3 percentage points, while the percent of admissions revenue to total revenue decreased by 2 percentage points. Overall, it appears that income from continuing operations has significantly improved because of aggressive cost cutting .
In: Accounting