Question 6 John Jones is deciding on one of two career choices, before retiring in 40 years time. Choice 1 John can go to a prestigious graduate school for two years and obtain a degree. Including tuition and living expenses, he expects to pay $75,000 at the end of each year for two years while at school. After graduating, he expects to land a demanding job that pays $150,000 at the end of the third year, and grows at a constant rate of 5% each year (so at the end of the fourth year he expects 150,000*1.05 etc.) He will retire in 38 years after finishing graduate school.

Choice 2 John can continue in his present job. He expects to be paid $84,000 at the end of the year, and expects his salary to increase by 6% every year, paid at the end of each year. He expects to work for 40 years before retiring. If John’s discount rate is 10%, which career choice should he pursue?

Please use formulas if needed so I understand.

DEFINE THE TERMS:

37. Brexit
38. Economic globalization
39. FDI
40. Free trade
41. NAFTA
42. Principle of non-discrimination
43. IMF
44. SAP
45. AGM
46. Battle in Seattle
47. Sub Commandante Marcos
48. WTO
49. Social Justice
50. Race to the bottom

Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 11,000 wheel barings each year. This order has been stable for some time. Setup cost for Wheel-Rite is $42, and holdig cost is $0.40 per wheel bearing per year. Wheel-Rite can produce 510 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 49 bearings be shipped to it each business day.

a) What is the optimum production quantity? _______units (round your response to the nearest whole number)

b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite?_______ units (round your response to the nearest whole number)

c)How many production runs of wheel bearings will Wheel-Rite have in a year?_______runs (round your response to two decimal places)

d)What is the toal setup plus holding cost for Wheel-Rite? $________ (round your response to two decimal places)

1. Your friend Victoria runs a parrot rescue organization and has asked you create an app that will help her keep track of the parrots that have been in the rescue. For each parrot, Victoria needs to know the parrot’s name (pName), type of parrot (pType), age (pAge) and whether it has been adopted (isAdopted). She needs to be able to feed the parrot and bathe the parrot. You will write two classes for this app: the Parrot class and ParrotDriver (main) class.

Create your two classes, named as above. The Parrot class must include:

• Appropriate instance variables
• 1 constructor that receives data for the above four instance variables
• 2 methods, feeding and bathing the parrot
• 1 setter method and 1 getter method for pName (assume the other setters and getters are already created)

You will then need to create an object (just make up some data), feed the parrot and print the parrot’s name and whether it has been fed. (hint: remember what you need to do in Main to accomplish this).

A company just started to pay dividends. Its dividend payout ratio is 30%. An analyst expected the company growing fast at the following first two years at a dividend growth rate of 10% per year. After that the company will slow down to an annual growth rate of 5% forever. The company’s required rate of return is 8% per annual. If the company’s last annual earning is $10 per share, what’s the stock price the analyst should expect now?

A new issued ten-year maturity bond with coupon rate of 10% is selling at par ($1,000). If interest rate rise will rise from 10% to 15% after one year of purchasing the bond, what’s the bond’s rate of return at the end of the first year of purchasing?

A company just started to pay dividends. Its dividend payout ratio is 40%. An analyst expected the company growing fast at the following first two years at a dividend growth rate of 10% per year. After that the company will slow down to an annual growth rate of 5% forever. The company’s required rate of return is 14% per annual. If the company’s last annual earning is $10 per share, what’s the stock price the analyst should expect now?

The following data set shows the ages of the Best Actress and Best Actor award at a given awards show for various years:

Using a Sign Test, test the claim that there is no median difference between the ages of Best Actress and Best Actor award winners.

Find the null and alternative hypothesis.

H0: A)The median of the differences is NOT zero. B)The median of the differences is zero. C)The median age of actresses is more than the median age of actors. D)The median age of actresses is less than the median age of actors.

H1: A)The median age of actresses is less than the median age of actors. B)The median of the differences is zero. C)The median of the differences is NOT zero. D)The median age of actresses is more than the median age of actors.

If we consider + to represent when the female was older than the male, then how many of each sign is there?

Positive Signs:

Negative Signs:

Total Signs:

What is the p-value?

At a 0.025 significance, what is the conclusion about the null? A)Support the null hypothesis. B)Reject the null hypothesis. C)Fail to reject the null hypothesis. D)Fail to support the null hypothesis.

What is the conclusion about the claim? A)Support the claim that there is no mean difference in the ages. B)There is insufficient evidence to support the claim that there is no mean difference in the ages. C)Reject the claim that there is no mean difference in the ages. D)Fail to reject the claim that there is no mean difference in the ages.

Let's now perform a mean-matched pairs test to test the claim that there is no mean difference between the age of males and females. For the context of this problem, d=x2−x1d=x2-x1 where the first data set represents actress (female) ages and the second data set represents male (actor) ages. We'll continue to use a significance of 0.025. You believe the population of difference scores is normally distributed, but you do not know the standard deviation.

H0: μd=0

H1:μd≠0

What is the critical value for this test? t=±

What is the test statistic for this sample? t=

What is the p-value? (Round to three decimal places.)

Conclusion about the null: A)Support the null hypothesis. B)Reject the null hypothesis. C)Fail to reject the null hypothesis. D)Fail to support the null hypothesis.

Conclusion about the claim: A)Support the claim that there is no mean difference in the ages. B)There is insufficient evidence to support the claim that there is no mean difference in the ages. C)Reject the claim that there is no mean difference in the ages. D)Fail to reject the claim that there is no mean difference in the ages.

How were these two tests similar?

How were these two tests different?

1.According to Masterfoods, the company that manufactures M&M’s, 12% of peanut M&M’s are brown, 15% are yellow, 12% are red, 23% are blue, 23% are orange and 15% are green. (Round your answers to 4 decimal places where possible)

a. Compute the probability that a randomly selected peanut M&M is not orange.

b. Compute the probability that a randomly selected peanut M&M is red or blue.

c. Compute the probability that three randomly selected peanut M&M’s are all brown.

d. If you randomly select three peanut M&M’s, compute that probability that none of them are orange.

e. If you randomly select three peanut M&M’s, compute that probability that at least one of them is orange.

2. You toss a fair coin 4 times. What is the probability that (round to 4 decimal places)

a) you get all Heads?

b) you get at least one Tail?

3. Suppose that 59% of people own dogs. If you pick two people at random, what is the probability that they both own a dog?

Give your answer as a decimal rounded to 4 places.

4. Every cereal box has a gift inside, but you cannot tell from the outside what the gift is. The store manager assures you that 23 of the 54 boxes on the shelf have the secret decoder ring. The other 31 boxes on the shelf have a different gift inside. If you randomly select two boxes of cereal from the shelf to purchase, what is the probability that BOTH of them have the secret decoder ring?

(Give answer as a decimal correct to four decimal places.)

5. a. A bag contains 9 yellow marbles, 3 green marbles, and 7 white marbles. If a marble is drawn from the bag, replaced, and another marble is drawn, what is the probability of drawing first a yellow marble and then a white marble?
  

b. A bag contains 3 black marbles, 7 white marbles, and 9 green marbles. If two different marbles are drawn from the bag , what is the probability of drawing first a black marble and then a green marble?

6. Giving a test to a group of students, the grades and gender are summarized below

If one student is chosen at random, find the probability that the student was male AND got a "B". Round your answer to 4 decimal places. _____

7. Giving a test to a group of students, the grades and gender are summarized below

If one student is chosen at random, find the probability that the student was male OR got an "A". Round your answer to 4 decimal places. ______

8. Giving a test to a group of students, the grades and gender are summarized below. Round your answers to 4 decimal places.

If one student is chosen at random,

a. Find the probability that the student was male: ____

b. Find the probability that the student was male AND got an "A": ____

c. Find the probability that the student was female OR got a "C": ____

d. If one student is chosen at random, find the probability that the student got a 'A' GIVEN they are female: _____

9. A CBS News poll involved a nationwide random sample of 651 adults, asked those adults about their party affiliation (Democrat, Republican or none) and their opinion of how the US economy was changing ("getting better," "getting worse" or "about the same"). The results are shown in the table below.

If we randomly select one of the adults who participated in this study, compute: (round to four decimal places)

a.P(Democrat) =

b.P(worse) =

c.P(worse|Democrat) =

d.P(Democrat|worse) =

e.P(Democrat and worse) =

10. Use the following probabilities to answer the question. Round to 4 decimal places.

P(A)=0.28P(A)=0.28, P(B)=0.62P(B)=0.62, P(AandB)=0.10P(AandB)=0.10.

P(B∣A)=P(B∣A)=

11. The table summarizes results from 978 pedestrian deaths that were caused by automobile accidents.

If one of the pedestrian deaths is randomly selected, find the probability that the driver was intoxicated. Please enter a decimal to 4 places. _____

12. The table summarizes results from 984 pedestrian deaths that were caused by automobile accidents.

If one of the pedestrian deaths is randomly selected, find the probability that the pedestrian was not intoxicated but the driver was. Please enter a decimal to 4 places. ______

7-41: Departmental cost allocation insurance company: Comprehensive insurance company has two product lines ; health insurance and auto insurance. The two product lines are served by three operating departments which are necessary for providing the two types of products: claims processing, administration, and sales. These three operating departments which are necessary for providing the two types of products:claims processing, administration, and sales. These three operating departments are supported by two departments: infromation technology and operations. The support provided by information technology and operations to the other departments is shown below.

Support departments

Information technology operations

information --- 20%

Operations 10% ___

Operating Department

Claims processing Administration sales

Infromation 20% 40% 20%

operations 10 50 30

Use 4 or more decimal places(e.g., 33.3333%) in your calculations. Allocate the $4,350,000 total departmental costs to the three operating departments using a.) direct method only.

Vaughn Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company’s current truck (not the least of which is that it runs). The new truck would cost $55,040. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $8,600. At the end of 8 years, the company will sell the truck for an estimated $28,900. Traditionally the company has used a rule of thumb that a proposal should not be accepted unless it has a payback period that is less than 50% of the asset’s estimated useful life. Larry Newton, a new manager, has suggested that the company should not rely solely on the payback approach, but should also employ the net present value method when evaluating new projects. The company’s cost of capital is 8%. Click here to view PV table. (a) Compute the cash payback period and net present value of the proposed investment. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round answer for present value to 0 decimal places, e.g. 125. Round answer for Payback period to 1 decimal place, e.g. 10.5. For calculation purposes, use 5 decimal places as displayed in the factor table provided.)