The following is adapted for academic purposes from the original speech: “Staying on Top of Our Game” by Singapore Minister Mr Ong Ye Kung during the launch of the Financial Services Industry Transformation Map on 30th Oct 2017.
“The regulator facilitates the development of infrastructure upon which new services and ideas can thrive. A good example is the payments infrastructure. Three years ago, MAS worked with the banking industry to launch FAST, to conduct direct real-time transfers between bank accounts. This year, the banks launched PayNow, which links bank accounts to NRIC or mobile numbers, making transfers more convenient. More importantly, PayNow will activate the full potential of FAST. It currently works only for P2P, but will be progressively expanded for P2B and B2B next year. To further facilitate this, we will introduce by the end of the year a common QR code that can accept all payments using QR readers…..”

Question 1:

One of the functions the Monetary Authority of Singapore (MAS) performs in the financial market of Singapore is the oversight of payment systems. Relate and discuss the relevant Act, Regulated Activities and Types of Licenses that MAS uses to perform this function as discussed in the speech above.

_{The following is adapted for academic purposes from the original speech: “Staying on Top of Our Game” by Singapore Minister Mr Ong Ye Kung during the launch of the Financial Services Industry Transformation Map on 30th Oct 2017.
“The regulator facilitates the development of infrastructure upon which new services and ideas can thrive. A good example is the payments infrastructure. Three years ago, MAS worked with the banking industry to launch FAST, to conduct direct real-time transfers between bank accounts. This year, the banks launched PayNow, which links bank accounts to NRIC or mobile numbers, making transfers more convenient. More importantly, PayNow will activate the full potential of FAST. It currently works only for P2P, but will be progressively expanded for P2B and B2B next year. To further facilitate this, we will introduce by the end of the year a common QR code that can accept all payments using QR readers…..”}

Question 2:
To regulate the payment systems in Singapore, MAS requires financial institutions to comply with the relevant licensing and ongoing licensing requirement to control and minimise certain regulatory risks. Appraise one (1) of these risks that you think MAS would be most concerned with?

The academic motivation and study habits of female students as a group are better than those of males. The Survey of Study Habits and Attitudes (SSHA) is a psychological test that measures these factors. The distribution of SSHA scores among the women at a college has mean 120 and standard deviation 28, and the distribution of scores among male students has mean 105 and standard deviation 35. You select a single male student and a single female student at random and give them the SSHA test.

**No sample size was given

a) Explain why it is reasonable to assume that the scores of the two students are independent.

b) What are the expected value and standard deviation of the difference (female minus male) between their scores?

c) From the information given, can you find the probability that the wom

Integrating PHRs with EHRs

You are the Director of Clinical Informatics at an academic medical center in the western United States. Part of your role is to oversee the patient portal which is considered part of the outpatient EHR. The center is planning to adopt and integrate a PHR with its EHR. The hospital CEO drafts of a vision statement that states, “By using the latest technology, University Hospital will improve how our patients experience Health Care. Instead of patients coming to us for help, we will be there whenever and wherever they need us, asking, ‘How can we help you?’ This initiative will make healthcare easier to access and more convenient to use, improve patients’ health, and reduce the rising cost of health care in our area.”

1. What is your role in engaging populations to understand information about their health and how to access health information resources?

2. What steps would patients take to correct their data?

3. What barriers should this facility anticipate and rolling out the PHR, and what tactics should the organization take to overcome them?

The mean annual tuition and fees in the 2013-2014 academic year for a sample of 13 private colleges in California was $33,000 with a standard deviation of $7300. A dotplot shows that it is reasonable to assume that the population is approximately normal. Can you conclude that the mean tuition and fees for private institutions in California is less than $35,000? Use the α=0.01 level of significance and the P-value method with the TI-84 Plus calculator.

a. state null and alternative hypothesis. what tail is the hypothesis test?

b. Compute the P-value of the test statistic.

c. Determine whether to reject H0. Use the =α0.05 level of significance.

d. State a conclusion

Scenario: An academic organisation is considering the purchase and operation of its own fleet of buses to transport its students to and from school at the end of this year. The bursar at the school has confirmed that, if this project can be implemented, the school will be able to cancel its current contract with the local bus operator, and as a result, the school will make cash savings of N$45 600 each year from 2011 onwards, after deducting operating costs.
The buses will cost the school N$255 000 and will have a scrap value of N$75 000 when they are sold after five years. The school’s cost of capital is 10%, and the maximum required payback is 3.5 years.

Questions:
1. Calculate the project’s payback period.
2. Calculate the project’s Net Present Value (NPV).
3. Calculate the project’s internal rate of return (IRR).
4. Determine with reasons which project (s) will finally be recommended.

A high school principal gathers a sample of the academic records of past and present high school scholarship basketball players at the high school. The principal reports that no significant difference was found in the mean GPA (grade point average) for male and female scholarship basketball players (P = 0.287). This means that

Question 1 options:

- the maximum difference in GPAs between male and female scholarship basketball player is 0.287.

- the GPAs for male and female scholarship basketball players are identical, except for 28.7% of the players.

- the chance that a pair of randomly chosen male and female scholarship basketball player would have a significant difference in GPAs is 0.287.

- the chance of obtaining a difference in GPAs between male and female scholarship basketball players as large as that observed in the sample if there is no difference in mean GPAs is 0.287.

1. Provide an appropriate response.
   
   A district administrator wants to determine the effect of truancy on academic achievement. She asks the dean at a high school to randomly select the records of 50 truant students and to randomly select the records of 50 nontruant students. Identify any problems that are likely to cause confounding.

   		the use of records from only one school
   		nothing (this is a well-designed retrospective study)
   		the use of one person to select the records for members of both groups
   		the number of records in each group (since, presumably, there are more nontruant students, there should be more members selected from that group)

2 points

Question 40

1. Identify which of these types of sampling is used: random, stratified, systematic, cluster, convenience.
   
   To avoid working late, a quality control analyst simply inspects the first 100 items produced in a day.

   		Random
   		Convenience
   		Cluster
   		Stratified
   		Systematic

2 points

Question 41

1. Construct the requested table. Round relative frequencies to the nearest hundredth of a percent, unless otherwise indicated.
   
   The following data show the body temperatures (°F) of randomly selected subjects. Construct a relative frequency table with seven classes: 96.9 - 97.2, 97.3 - 97.6, 97.7 - 98.0, and so on.
   
   Round relative frequencies to the nearest tenth of a percent.

2 points

Question 42

1. Construct the requested table.
   
   The following data represent the total number of years of formal education for 40 employees of a bank.
   
   
   
   Create a frequency table for the number of years of education.

2 points

Question 43

1. Determine whether the evaluated group is a population or a sample.
   
   A researcher determines that 42.7% of all downtown office buildings have ventilation problems.

   		Population
   		Sample

2 points

Question 44

1. Determine whether the evaluated group is a population or a sample.
   
   A researcher examines the records of all the registered voters in one city and finds that 43% are registered Democrats.

   		Sample
   		Population

2 points

Question 45

1. Provide a written description of the complement of the given event.
   
   Of ten adults, at least one of them has high blood pressure.

   		None of the adults have high blood pressure.
   		At most one of the adults has high blood pressure.
   		All of the adults have high blood pressure.
   		Nine of the adults have high blood pressure.

2 points

Question 46

1. Provide a written description of the complement of the given event.
   
   When several textbooks are edited, none of them are found to be free of errors.

   		All of the textbooks are free of errors.
   		One of the textbooks is free of errors.
   		At least one of the textbooks is free of errors.
   		At most one of the textbooks is free of errors.

2 points

Question 47

1. Find the variance for the given data. Round your answer to one more decimal place than the original data. To get the best deal on a microwave oven, Jeremy called six appliance stores and asked the cost of a specific model. The prices he was quoted are listed below:
   

   $663

   $273

   $410

   $622

   $174

   $374

   		36,838.3 dollars2
   		1,207,582.7 dollars2
   		30,698.6 dollars2
   		36,838.2 dollars2

2 points

Question 48

1. Find the standard deviation for the given data. Round your answer to one more decimal place than the original data.
   
   The numbers listed below represent the amount of precipitation (in inches) last year in six different U.S. cities.

   17.2​

   16.6​

   30.8​

   28.6​

   20.3​

   18.4

   		6.15 in.
   		3088.7 in.
   		2899.6 in.
   		29.7 in.

2 points

Question 49

1. Determine if the outcome is unusual. Consider as unusual any result that differs from the mean by more than 2 standard deviations. That is, unusual values are either less than μ - 2σ or greater than μ + 2σ.
   
   A survey for brand recognition is done and it is determined that 68% of consumers have heard of Dull Computer Company. A survey of 800 randomly selected consumers is to be conducted. For such groups of 800, would it be unusual to get 504 consumers who recognize the Dull Computer Company name?

   		Yes
   		No

2 points

Question 50

1. Find the standard deviation, σ, for the binomial distribution which has the stated values of n and p. Round your answer to the nearest hundredth.
   
   n = 1617; p = 0.57

   		σ = 17.50
   		σ = 24.03
   		σ = 23.18
   		σ = 19.91

study of the effect of college student employment on academic performance, the following summary statistics for GPA were reported for a sample of students who worked and for a sample of students who did not work. The samples were selected at random from working and nonworking students at a university. (Use a statistical computer package to calculate the P-value. Use μ_employed − μ_{not employed}. Round your test statistic to two decimal places, your df down to the nearest whole number, and your P-value to three decimal places.)

t= df= P=
Does this information support the hypothesis that for students at this university, those who are not employed have a higher mean GPA than those who are employed? Use a significance level of 0.05.