QUESTION 5

The variable Z has a standard normal distribution. The probability P(- 0.5 < Z < 1.0) is:

QUESTION 6

If a random variable X is normally distributed with a mean of 30 and a standard deviation of 10, then P(X=20) =

QUESTION 7

If P( -z < Z < +z) = 0.8812, then the z-score is:

QUESTION 8

If the mean of a normal distribution is negative,

QUESTION 9

The starting salaries of individuals with an MBA degree are normally distributed with a mean of $90,000 and a standard deviation of $20,000. What is the probability that a randomly selected individual with an MBA degree will have a starting salary of at least $78,500?

1. 0.2810
2. 0.8840
3. 0.7190
4. 0.8210

QUESTION 10

The starting salaries of individuals with an MBA degree are normally distributed with a mean of $90,000 and a standard deviation of $20,000. What is the lowest salary for those individuals with an MBA degree whose starting salary is in the top 25 percent?

1. $104,500
2. $103,600
3. $83,750
4. $106,400

Company: Citigroup

Company analysis:

1)Full company name; home office (city, state, country); name of CEO and name of President or indicate if same; stock symbol; stock exchange where stock is traded; closing stock price as of the Friday before the date the project is due.

2)History of the company. Where was the company founded and who was/were the founders? Indicate any major events in the company’s history like mergers or acquisitions?

3)What primary industry does this company compete in and who are their major competitors. Is there any public economic data that indicates their overall competitive position?

4)What is the enterprise level strategy (mission/vision/values). What does the company stand for? Substantiate this, if you can, with research and citations. What is their “Brand Promise”?

5)Corporate level strategy. What is this strategy and if there are portfolio businesses, name the top three held by this company?

B. Suppose a 48-year-old salesperson earning $50,000 a year (after taxes) is considering a career move. Specifically, this person – who plans to retire when (s)he turns 62 regardless of job – is thinking about quitting sales work for 2 years to earn an MBA degree. With MBA degree in hand, suppose this person can become an executive and earn $75,000 per year (after taxes). Suppose MBA tuition is $30,000 per year. Suppose the relevant discount rate is 3.5% per year. Based on this information, demonstrate and explain how one could reckon whether or not this change promises to be a good move. You are expected to show how one would set up and perform the calculation(s).

*Please do not answer if you've already did. I'm getting a second opinion on this.

MBA Inc is expected to have dividend distribution policies as below:
- MBA Inc will pay out cash dividend £1 per share per year in the next two years
- In the end of the 3rd year, MBA Inc will pay out cash dividend £2 per share
- From the end of the 3rd year, MBA Inc will continuously pay cash divided at 5% constant growth rate per annum.

What is the theoretical price of stock of MBA Inc if the required rate of return is 10% per annum? Please show your working.

During the past year, Argentina has struggled with high inflation rates (~45%) and a depreciating currency, with the peso losing around 50% of its value vis a vis the US dollar. The central bank’s bench mark interest rate is currently 60%. Early data suggests that Argentinian real GDP growth will be negative in 2018. The CEO of a small Canadian company sees this economic crisis as a potential opportunity to expand into Argentina, by acquiring a local company at low cost, financed by borrowing in pesos. Knowing you have just completed an MBA economics class, she asks you what you think of the opportunities and threats the current economic conditions in Argentina might create for her plan. What would you tell her

Marc and Michelle are married and earned salaries this year of $69,200 and $13,950 respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $1,150 from corporate bonds. Marc contributed $3,150 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $2,150. Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $2,000 child tax credit for Matthew. Marc and Michelle paid $7,300 of expenditures that qualify as itemized deductions and they had a total of $6,330 in federal income taxes withheld from their paychecks during the course of the year. (Use the 2018 tax rate schedules.)

What is the total amount of Marc and Michelle's deductions from AGI?

A university has found over the years that out of all the students who are offered admission, the proportion who accept is 0.70. After a new director of admissions is hired, the university wants to check if the proportion of students accepting has changed significantly. Suppose they offer admission to 1200 students and 888 accept. Is this evidence at the α = .05 level that there has been a real change from the status quo?

Katie is 23 years old and graduated in 2016 from Niagara with a degree in Supply Chain

Management. She works as a planning analyst at Labatt USA, located in Buffalo, NY. She currently earns

a salary of $54,000 per year, and she expects to get salary increases of 3% per year. After your meeting

with Katie last week, she has asked for your assistance with these questions:

Education:

She is considering going back to Niagara to get a Masters of Business Administration

(MBA). The MBA will take two years, and she expects that it will cost at total of $32,000. She would

receive her degree in 2021, when she is 26 years old. She has been told that with a MBA, she would

receive a salary increase of $6,000 per year. If she stays with her present company until she retires at

age 67, what is the total value of the MBA (assume a 5% interest rate and calculate the present value).

Given the MBA cost, and the present value, is this a good financial move?

Also,

Retirement Planning:

She plans on working until she is 67. She feels that in retirement, she would be

comfortable living on 70% of the income she had in the year before she retires. If she gets the MBA, and

lives for 25 years in retirement, with a 5% interest rate, how much would she need to have saved to

retire? How much does she need to save every month to get to that amount?

After DCH was found guilty, the court ordered that the company’s assets be liquidated and the proceeds be distributed to depositors. However, the court did not specify how the proceeds should be distributed.

- Adam thought that it would be fairest if the proceeds were distributed to depositors based on the amount of money deposited. The largest depositors should receive the greatest amount of the proceeds.

- Beth thought that it would be fairest if the proceeds were distributed to depositors based on the age of the deposits. The earliest depositors should receive the greatest amount of the proceeds

- Charlie thought that it would be fairest if the proceeds were distributed to depositors equally. Each depositor should receive an equal amount of the proceeds.

- Deb thought that it would be fairest if the proceeds were distributed to depositors based on each depositor’s needs. The neediest depositors should receive the greatest amount of the proceeds.

- Ernie thought that it would be fairest if the proceeds were distributed to depositors based on whether the depositor is an individual depositor or institutional depositor. Individual depositors should receive more than institutional depositors.

Whose distributive justice ethic best represents a communist sense of fairness?

QUESTION 19

Whose distributive justice ethic best represents an egalitarian sense of fairness?

QUESTION 20

Whose distributive justice ethic best represents a capitalist sense of fairness?

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Mary is a new human resources specialist for Ajax Corp. Ajax is a privately owned, third-generation family business based in Kabukistan. Mary was hired to handle the human resources functions for the company’s growing United States division which employs 500 employees. Last week, when analyzing the division’s payroll, she learned that 92 percent of the women who worked for the company in the US were compensated less than male employees who were in similar jobs. When she contacted Ajax’s HR department at company headquarters in Kabukistan, she was told that the company strove for fair compensation practices. Ajax often paid higher wages to men than women because Ajax’s male employees typically were the sole wage earner in their family and Ajax’s female employees were typically either single or their husbands also earned an income. Mary wondered whether this practice might hurt the company’s sales in the US if potential customers learned of this compensation practice. Moreover, although she believes that the compensation practice is okay in Kabukistan, Mary believes that the practice is unethical in the US. Bothered by the compensation practice, Mary spoke with her husband. He told Mary that he thought the practice is illegal in the US and advised her to speak with a member of the US Equal Employment Opportunity Commission. Moreover, he stated that he believed such a practice was wrong and should not be allowed in the US, Kabukistan, or anywhere.

The Ajax headquarters human resources representative believes that the company’s compensation practice is fair. This sense of fairness is based on the idea that:

QUESTION 7

Mary’s concern for the US division’s sales reflects her belief that if knowledge about the compensation practice becomes public, many people would view it as unethical, which would __________. This would, in turn, lead to lower division performance.