A study has been carried out to compare the United Way contributions made by university professors from four universities. A sample of 15 professors from each university is selected. The dollar amounts of their contributions are shown below.

1. Verify the required conditions of AOV.
2. Assuming that the conditions are satisfied, use SPSS to see whether there is any significant difference among the contributions from the four universities.A
3. i.    Determine the significantly different pairs using

1. Fisher’s LSD.
2. the SNK procedure.
3. Tukey’s HSD procedure.

ii.   Are there any differences in the three tests?

iii.  Consider a contrast {-1, -1, 3, -1}. What hypothesis is this contrast testing? Use SPSS to perform this test.

4. Transform the variables using logarithmic transformation.
5. Apply the AOV F test to the transformed variables.
6. Did transforming the data alter the conclusion that you arrived at in part (b), above?  And why do researchers sometimes transform their data via use of logarithms and similar mathematical operations?

A math teacher tells her students that eating a healthy breakfast on a test day will help their brain function and perform well on their test. During finals week, she randomly samples 45 students and asks them at the door what they ate for breakfast. She categorizes 25 students into Group 1 as those who ate a healthy breakfast that morning and 20 students into Group 2 as those who did not. After grading the final, she finds that 48% of the students in Group 1 earned an 80% or higher on the test, and 40% of the students in Group 2 earned an 80% or higher. Can it be concluded that eating a healthy breakfast improves test scores? Use a 0.05 level of significance.

H₀: P₁ = P₂

H_1: P₁ > P₂

Enter the test statistic - round to 4 decimal places.

Enter the p-value: round to 4 decimal places.

Jane and Leah began arguing about who did better on their tests, but they couldn't decide who did better given that they took different tests. Jane took a test in English and earned a 70.5, and Leah took a test in Math and earned a 68.1. Use the fact that all the students' test grades in the English class had a mean of 75.9 and a standard deviation of 11.8, and all the students' test grades in Math had a mean of 66.5 and a standard deviation of 9.8 to answer the following questions.

a) Calculate the z-score for Jane's test grade.
z= [Round your answer to two decimal places.]


b) Calculate the z-score for Leah's test grade.
z= [Round your answer to two decimal places.]


c) Which person did relatively better?

• Jane
• Leah
• They did equally well.

A field of study founded in the 70s which aims to tackle arguments and moral issues that may arise in medical technology application. Cite an example

Highlight Company purchases the right to use a piece of music from the original musician who created it. Officials hope to make this music the company’s “signature song.” Therefore, the contract (which is signed on January 1, Year One) is for four years. The agreed upon price is $800,000, with no stated interest rate to be paid. Highlight could borrow this amount of money at a 5 percent annual interest rate at the current time. The arrangement states that Highlight will make this $800,000 payment on December 31, Year Four.

a. Record the journal entry for Highlight for the acquisition of this copyright on January 1, Year One.

b. Record the adjusting entries to recognize interest expense and amortization expense on December 31 of each of the subsequent four years.

c. Record the journal entry for the payment of the $800,000 on December 31, Year Four.

If you have a customer who wants to buy a product from your company and you've tested the design on the product and you know the temperature and pressure that are safe for use. The customer tells you they want to use this product at the limits of the physical tolerance range. The data that you have says the proposed use is at the edge of the product's intended use zone.  The temperatures and pressures go a little beyond what the customer proposed. As a manager you know the product would fail. This is a big customer and does lots of business with your company

Debate Preparation Questions

1. What would you tell the customer? Why?
2. How should managers deal with ambiguous information? Do they have obligations to share all that they know, or should they provide customers and users only with the information they need to know?
3. How would you describe the benefits and risks of each proposal?
4. how does this tie into Corporate Governance and Ethics

Wages of $13,000 are earned by workers but not paid as of December 31. Depreciation on the company’s equipment for the year is $11,560. The Office Supplies account had a $450 debit balance at the beginning of December. During December, $4,967 of office supplies are purchased. A physical count of supplies at December 31 shows $547 of supplies available. The Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of insurance policies shows that $3,000 of unexpired insurance benefits remain at December 31. The company has earned (but not recorded) $900 of interest from investments in CDs for the year ended December 31. The interest revenue will be received ten days after the year-end on January 10. The company has a bank loan and has incurred (but not recorded) interest expense of $3,500 for the year ended December 31. The company will pay the interest five days after the year-end on January 5.. For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31.

Wages of $8,000 are earned by workers but not paid as of December 31, 2017.

Depreciation on the company’s equipment for 2017 is $18,000.

The Office Supplies account had a $240 debit balance on December 31, 2016. During 2017, $5,200 of office supplies are purchased. A physical count of supplies at December 31, 2017, shows $440 of supplies available.

The Prepaid Insurance account had a $4,000 balance on December 31, 2016. An analysis of insurance policies shows that $1,200 of unexpired insurance benefits remain at December 31, 2017.

The company has earned (but not recorded) $1,050 of interest from investments in CDs for the year ended December 31, 2017. The interest revenue will be received on January 10, 2018.

The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for the year ended December 31, 2017. The company must pay the interest on January 2, 2018.

For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31, 2017.
  

University Car Wash built a deluxe car wash across the street from campus. The new machines cost $225,000 including installation. The company estimates that the equipment will have a residual value of $22,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows:

Required:

1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)
  

2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.)
  

3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.)