A catalog sales company promises to deliver orders placed on the Internet within 3 days.​ Follow-up calls to a few randomly selected customers show that a 90​% confidence interval for the proportion of all orders that arrive on time is 88​% ±4​%. What does this​ mean? Are the conclusions below​ correct? Explain.

An American Legend

Macy’s is an iconic American Company, but like many brick and mortar retailers, it has been struggling to maintain market share. For this case study find the company’s most recent financial statements, including the income statement and balance sheet. There are many sources of this data, but one quick source is Morningstar.com. If you enter the company’s ticket symbol, “M” in the quote box, you will find a report on the company’s stock price as well as a host of other information, such as performance, key ratios, and financials. On the financial tab, you can find the income statement and balance sheet for the past five years.

Question 1- Worth 25points

Looking at Macy’s income statement, what has been the trend in sales (total Revenue) over the past three years? What can you conclude from this? What picture does it tell?

Question 2- Worth 25points

As you have learned, gross profit is the difference between sales (or total revenues) and cost of sales (or cost of revenue). What is Macy’s gross profit for the last three years? What does this data tell you about Macy’s pricing strategy and costs?

Question 3- Worth 25points

Looking at Macy’s income statement, what has been the trend in net income over the past three years? What can you concluded by this?

Question 4- Worth 25points

What is the relationship between the price of Macy’s stock and earnings? What are the earnings per share for each of the past three years, and what does that number mean to investors?

he data in the accompanying table represent the heights and weights of a random sample of professional baseball players. Complete parts ​(a) through ​(c) below. LOADING... Click the icon to view the data table. ​(a) Draw a scatter diagram of the​ data, treating height as the explanatory variable and weight as the response variable. Choose the correct graph below. A. 70 76 82 180 210 240 Height (inches) Weight (pounds) A scatter diagram has a horizontal axis labeled “Height (inches)” from less than 70 to 82 plus in increments of 6 and a vertical axis labeled “Weight (pounds)” from less than 180 to 240 plus in increments of 30. The following 9 approximate points are plotted, listed here from left to right: (69, 186); (71, 200); (72, 180); (74, 190); (75, 230); (76, 218); (77, 198); (78, 228); (82, 232). B. 70 76 82 180 210 240 Height (inches) Weight (pounds) A scatter diagram has a horizontal axis labeled “Height (inches)” from less than 70 to 82 plus in increments of 6 and a vertical axis labeled “Weight (pounds)” from less than 180 to 240 plus in increments of 30. The following 9 approximate points are plotted, listed here from left to right: (69, 186); (71, 198); (72, 228); (74, 232); (75, 180); (75, 200); (75, 228); (76, 230); (82, 190). C. 70 76 82 180 210 240 Height (inches) Weight (pounds) A scatter diagram has a horizontal axis labeled “Height (inches)” from less than 70 to 82 plus in increments of 6 and a vertical axis labeled “Weight (pounds)” from less than 180 to 240 plus in increments of 30. The following 9 approximate points are plotted, listed here from left to right: (69, 186); (71, 200); (72, 180); (74, 190); (75, 198); (75, 228); (75, 230); (76, 228); (82, 232). ​(b) Determine the​ least-squares regression line. Test whether there is a linear relation between height and weight at the alphaequals0.05 level of significance. Determine the​ least-squares regression line. Choose the correct answer below. A. ModifyingAbove y with caretequals4.160xnegative 101.7 B. ModifyingAbove y with caretequals8.160xnegative 101.7 C. ModifyingAbove y with caretequals4.160xnegative 103.7 D. ModifyingAbove y with caretequalsnegative 101.7xplus4.160 Test whether there is a linear relation between height and weight at the alphaequals0.05 level of significance. State the null and alternative hypotheses. Choose the correct answer below. A. Upper H 0​: beta 0equals0 Upper H 1​: beta 0not equals0 B. Upper H 0​: beta 1equals0 Upper H 1​: beta 1greater than0 C. Upper H 0​: beta 0equals0 Upper H 1​: beta 0greater than0 D. Upper H 0​: beta 1equals0 Upper H 1​: beta 1not equals0 Determine the​ P-value for this hypothesis test. ​P-valueequals nothing ​(Round to three decimal places as​ needed.) State the appropriate conclusion at the alphaequals0.05 level of significance. Choose the correct answer below. A. Reject Upper H 0. There is sufficient evidence to conclude that a linear relation exists between the height and weight of baseball players. B. Do not reject Upper H 0. There is sufficient evidence to conclude that a linear relation exists between the height and weight of baseball players. C. Do not reject Upper H 0. There is not sufficient evidence to conclude that a linear relation exists between the height and weight of baseball players. D. Reject Upper H 0. There is not sufficient evidence to conclude that a linear relation exists between the height and weight of baseball players. ​(c) Remove the values listed for Player 4 from the data table. Test whether there is a linear relation between height and weight. Do you think that Player 4 is​ influential? Determine the​ P-value for this hypothesis test. ​P-valueequals nothing ​(Round to three decimal places as​ needed.) State the appropriate conclusion at the alphaequals0.05 level of significance. Choose the correct answer below. A. Reject Upper H 0. There is sufficient evidence to conclude that a linear relation exists between the height and weight of baseball players. B. Reject Upper H 0. There is not sufficient evidence to conclude that a linear relation exists between the height and weight of baseball players. C. Do not reject Upper H 0. There is sufficient evidence to conclude that a linear relation exists between the height and weight of baseball players. D. Do not reject Upper H 0. There is not sufficient evidence to conclude that a linear relation exists between the height and weight of baseball players. Do you think that Player 4 is​ influential? No Yes Player Height​ (inches) Weight​ (pounds) Player 1 76 227 Player 2 75 197 Player 3 72 180 Player 4 82 231 Player 5 69 185 Player 6 74 190 Player 7 75 228 Player 8 71 200 Player 9 75 230

ASSIGNMENT 2

1. Use the business cycle model to explain the difference between a recession and an economic boom. Explain in detail how businesses are affected by a recession and an economic boom.                                                                                               [25 marks]

2. When the economy is in recession, the output will be falling, unemployment will be rising, and business confidence will be fading. What policies must the government take to reduce the adverse effects of the recession? Use examples of policies that were used by Namibia and other countries on the globe during the 2006-2009 global recession to support your answer.                                                                                                              [25 MARKS]

1. If the number of discouraged workers decreases because many of them start to look for work, everything else remaining the same, then the

Select one:

a. labour force participation rate will decrease.

b. non labor force will increase.

c. employment rate will decrease.

d. the labor market population will increase.

e. none of the above.

2.  

Initially, you earn $10 income per hour, and the price level is 100. Your income now increases to $20 per hour and the price level increases to 175. What happens to your purchasing power?

Select one:

a. It doubles in value

b. It increases in value by less than double

c. It increases in value by more than double

3.  

Suppose a trade union and a firm agree to increase the wage rate by the same percentage as the increase in the Consumer Price Index. If the CPI increases by 5 percent, then the real income of workers will

Select one:

a. decrease by 5 percent, accounting for bias in the calculation of the CPI.

b. increase by 5 percent as well.

c. increase by more than 5 percent, accounting for bias in the calculation of the CPI.

d. increase by less than 5 percent, accounting for bias in the calculation of the CPI.

e. remain unchanged, accounting for bias in the calculation of the CPI.

4.  

Refer to the table below, which shows price data for a hypothetical economy, between which two years did the price level increase the most?

Select one:

a. 2000 and 2001

b. 2001 and 2002

c. 2002 and 2003

d. 2003 and 2004

e. 2004 and 2005

Ellie Mosk, CEO of X-Space Industries, decided to expand the company’s product offering beyond the core model rocket business. After investigation, she decided to set up a separate division to design and manufacture products for the drone market. Several companies were interested in having X-Space develop these drones, and financial results, to date, have been encouraging. Revenue was $4 million, gross margins have been running about 40%, and the customer sales and support costs were $1 million. However, there is a growing concern that some customers require a disproportionate share of the sales and support resources, and the true profitability of the customers is unknown. Data were collected to support an analysis of customer profitability: Activity Cost Driver Total Cost Sales visits Sales visit days $ 491,000 Product modifications Number of modifications 275,000 Phone calls Number of minutes 93,500 E-mail/electronic communications Number of communications 177,000 $ 1,036,500 Customer Revenue Gross Profit Visit Days Modifications Phone Minutes Electronic Communications A $ 405,000 $ 155,000 15 15 1,180 625 B 505,000 205,000 25 15 1,270 875 C 605,000 235,000 40 40 1,520 1,150 D 1,150,000 425,000 90 60 1,870 2,150 E 1,550,000 595,000 100 70 2,270 2,400 Totals $ 4,215,000 $ 1,615,000 270 200 8,110 7,200 Required: 1. Management felt the easiest way to allocate the sales and support costs was based on the total revenue. Using total revenue as the allocation base, determine the profitability of each of the five customers. 2. Management felt that because the data revealed some customers require a disproportionate share of sales and support resources, activity-based costing should be used to determine customer profitability. Use ABC to prepare a customer profitability analysis.

Ellie Mosk, CEO of X-Space Industries, decided to expand the company’s product offering beyond the core model rocket business. After investigation, she decided to set up a separate division to design and manufacture products for the drone market. Several companies were interested in having X-Space develop these drones, and financial results, to date, have been encouraging. Revenue was $4 million, gross margins have been running about 40%, and the customer sales and support costs were $1 million. However, there is a growing concern that some customers require a disproportionate share of the sales and support resources, and the true profitability of the customers is unknown. Data were collected to support an analysis of customer profitability:

Required:

1. Management felt the easiest way to allocate the sales and support costs was based on the total revenue. Using total revenue as the allocation base, determine the profitability of each of the five customers.

2. Management felt that because the data revealed some customers require a disproportionate share of sales and support resources, activity-based costing should be used to determine customer profitability. Use ABC to prepare a customer profitability analysis.

Ellie Mosk, CEO of X-Space Industries, decided to expand the company’s product offering beyond the core model rocket business. After investigation, she decided to set up a separate division to design and manufacture products for the drone market. Several companies were interested in having X-Space develop these drones, and financial results, to date, have been encouraging. Revenue was $4 million, gross margins have been running about 40%, and the customer sales and support costs were $1 million. However, there is a growing concern that some customers require a disproportionate share of the sales and support resources, and the true profitability of the customers is unknown. Data were collected to support an analysis of customer profitability:

Required:

1. Management felt the easiest way to allocate the sales and support costs was based on the total revenue. Using total revenue as the allocation base, determine the profitability of each of the five customers.

2. Management felt that because the data revealed some customers require a disproportionate share of sales and support resources, activity-based costing should be used to determine customer profitability. Use ABC to prepare a customer profitability analysis.

Ellie Mosk, CEO of X-Space Industries, decided to expand the company’s product offering beyond the core model rocket business. After investigation, she decided to set up a separate division to design and manufacture products for the drone market. Several companies were interested in having X-Space develop these drones, and financial results, to date, have been encouraging. Revenue was $4 million, gross margins have been running about 40%, and the customer sales and support costs were $1 million. However, there is a growing concern that some customers require a disproportionate share of the sales and support resources, and the true profitability of the customers is unknown. Data were collected to support an analysis of customer profitability: Activity Cost Driver Total Cost Sales visits Sales visit days $ 485,000 Product modifications Number of modifications 261,000 Phone calls Number of minutes 92,100 E-mail/electronic communications Number of communications 163,000 $ 1,001,100 Customer Revenue Gross Profit Visit Days Modifications Phone Minutes Electronic Communications A $ 399,000 $ 149,000 15 15 1,040 625 B 499,000 199,000 25 15 1,130 875 C 599,000 229,000 40 40 1,380 1,010 D 1,010,000 419,000 90 60 1,730 2,010 E 1,490,000 589,000 100 70 2,130 2,260 Totals $ 3,997,000 $ 1,585,000 270 200 7,410 6,780 Required: 1. Management felt the easiest way to allocate the sales and support costs was based on the total revenue. Using total revenue as the allocation base, determine the profitability of each of the five customers. 2. Management felt that because the data revealed some customers require a disproportionate share of sales and support resources, activity-based costing should be used to determine customer profitability. Use ABC to prepare a customer profitability analysis.