V. Rahr and Sons is a Fort Worth brewery founded by Fritz Rahr, a Neeley undergraduate and MBA. Currently the company makes Rahr Blonde Lager, Rahr’s Red, and Ugly Pug brews. They are considering a new beer, Frog Princess, with which to celebrate their ties to TCU. The project includes an initial outlay of $750,000 for the purchase of capital equipment that will be depreciated straight line to zero over six years.

Sales are expected to be $400,000 in years 1-3 and $600,000 in years 4-6. Production costs during years 1-6 are as follows: fixed costs (not including depreciation) are expected to be $150,000 per year; variable costs per year will be 40% of sales. The project will require an initial investment in NWC of 200,000 in year 0.

Beyond year six, the company expects that sales and unlevered net income in year seven will be 4% higher than that in year 6, and will continue growing at 4% per year infinitely. Additionally, in year 7 and beyond, new capital expenditures net of depreciation, and increases in NWC, combined, will be 6% of sales. Assume the marginal tax rate is 21%. The appropriate discount rate is 8%.

What is the NPV of the project? What is the IRR? Should the project be undertaken?

If you were Linnaeus today, with your knowledge on Microbiology today, how would you classify the taxonomy of microorganisms? Give examples.

Compare and contrast prokaryotic and eukaryotic chromosome structure .

A new study led by researchers from Harvard school of Public health (HSPH) and Wellcome Trust Sanger institute in the UK has, for the first time used, genome sequencing technology to track changes in bacterial population following the introduction of a vaccine.

A sample of 9 residents’ incomes in a particular town yields the following descriptive statistics:

What is the interquartile range for this sample?

For each of the problems below, list the type of test that is appropriate and describe why it is appropriate. (4 points each)

Clearly label each answer!

a. A researcher thinks that smoking cigarettes causes headaches. He measures whether 50 smokers have headaches prior to smoking cigarettes. He then has all the subjects smoke 2 cigarettes then measures the degree to which 50 smokers have headaches.

b. A researcher wants to know if people with larger heads are smarter. He collects IQ scores for 50 people with small heads and IQ scores for 50 people with large heads.

c. A psychology researcher randomly assigns a group of 50 high school students to receive a new assertiveness training program and 45 other high school students to receive the standard after-school program that focuses on social skills. She later measures how well each group performs on a measure of interpersonal assertiveness.

d. A researcher is interested in how family size influences social interaction. She has 12 subjects from very small families, 10 subjects from small families, 12 subjects from medium families, and 14 subjects from large families take a test on introversions.

Suppose in a local Kindergarten through 12^th grade (K - 12) school district, 53 percent of the population favor a charter school for grades K through five. A simple random sample of 800 is surveyed. Calculate the following using the normal approximation to the binomial distribution. (Round your answers to four decimal places.)

(a) Find the probability that less than 340 favor a charter school for grades K through 5.

(b) Find the probability that 415 or more favor a charter school for grades K through 5.

(c) Find the probability that no more than 390 favor a charter school for grades K through 5.


(d) Find the probability that there are fewer than 375 that favor a charter school for grades K through 5.


(e) Find the probability that exactly 400 favor a charter school for grades K through 5.

Using the exchange/nonexchange model, we are talking about recognition for free lunches: When should the school district recognize grant revenue? Please see below.

The example involves a public school cafeteria serving lunch. Some students pay full price for their food, but others receive lunch for a reduced price or for free under the federal National School Lunch Program. Let's assume the school cafeteria meets all nutritional requirements to qualify for National School Lunch Program - all it needs to do now is serve the lunches. The grant is expenditure driven - when the school district proves the reduced price and free meals have been provided, the federal government owes it a grant payment. Ignore the part of the program that involves school districts receiving free food products from the USDA to use in the meals.

Suppose in a local Kindergarten through 12^th grade (K - 12) school district, 53 percent of the population favor a charter school for grades K through five. A simple random sample of 600 is surveyed. Calculate the following using the normal approximation to the binomial distribution. (Round your answers to four decimal places.)

(a) Find the probability that less than 250 favor a charter school for grades K through 5.


(b) Find the probability that 315 or more favor a charter school for grades K through 5.


(c) Find the probability that no more than 290 favor a charter school for grades K through 5.


(d) Find the probability that there are fewer than 275 that favor a charter school for grades K through 5.


(e) Find the probability that exactly 300 favor a charter school for grades K through 5.

Below are data for the number of students in each of four age groups that are enrolled in several local schools:

Using the included data file and SPSS, create a separate Pie Chart of the age groups for each school. Which school has the largest percentage of pre-adolescents? Then create of Bar Graph of the total count of students in each age group that are enrolled in local schools (including the local International School). Which age group represents the largest percentage of local students?

Compare the list of major tenets of the classical school with those of the physiocratic school. Which are similar? Which are dissimilar? Based on this comparison, would you characterize the physiocrats as forerunners to the classical school? Explain.