(1 point) In 2002 the Supreme Court ruled that schools could require random drug tests of students participating in competitive after-school activities such as athletics. Does drug testing reduce use of illegal drugs? A study compared two similar high schools in Oregon. Wahtonka High School tested athletes at random and Warrenton High School did not. In a confidential survey, 4 of 131 athletes at Wahtonka and 20 of 114 athletes at Warrenton said they were using drugs. Regard these athletes as SRSs from the populations of athletes at similar schools with and without drug testing. (a) You should not use the large-sample confidence interval. Why not? (b) The plus four method adds two observations, a success and a failure, to each sample. What are the sample sizes and the numbers of drug users after you do this? Wahtonka sample size: Wahtonka drug users: Warrenton sample size: Warrenton drug users: (c) Give the plus four 90% confidence interval for the difference between the proportion of athletes using drugs at schools with and without testing. Interval: to

Sarbanes-Oxley Act (SOX) was introduced in 2002 by the United States Congress to fight corporate financial statement fraud. Since its implementation, there have been questions about its effectiveness. After reading the Dutillieux, Francis, and Willekens (2016) article, ”The Spillover of SOX on Earnings Quality in Non-US Jurisdictions (Links to an external site.)” discuss what earnings quality is and how the concern over that quality may have led to the enactment of SOX. How does SOX (a piece of U.S. Legislation) impact companies in other countries?  

random sample of congressional campaigns from 2002.

FUNDS: Total money raised for the campaign, in thousands of dollars DSIZE: Area of the candidate’s congressional district, in square miles FUNDCARD: 1 = campaign website allowed credit card donations, 0 = campaign website did not allow credit card donations We wanted to know if amount of money raised for a campaign depends on the how large the district is and whether the campaign accepted credit card donations on its website.

We ran a regression. Regression results Dependent variable: FUNDS Adjusted R Square: .154 Constant (a): 673.642 B coefficient FUNDCARD: 1908.063 (p = .000), Standardized Beta .361 B coefficient DSIZE: .007 (p = .019), Standardized Beta .183

Write the equation for the regression, using the format yhat = a + bx + bx, filling in the numbers for a and b, and the names of the variables in place of y and x. 9.

Write one sentence interpreting the b coefficient for FUNDCARD.

Write one sentence identifying and interpreting the p value for the b coefficient for FUNDCARD. Refer to the null hypothesis and show that you know what it means for this specific example.

Write one sentence interpreting the b coefficient for DSIZE.

Write one sentence identifying and interpreting the p value for the b coefficient for DSIZE. Refer to the null hypothesis and show that you know what it means for this specific example.

random sample of congressional campaigns from 2002.

FUNDS: Total money raised for the campaign, in thousands of dollars DSIZE: Area of the candidate’s congressional district, in square miles FUNDCARD: 1 = campaign website allowed credit card donations, 0 = campaign website did not allow credit card donations. We wanted to know if amount of money raised for a campaign depends on the how large the district is and whether the campaign accepted credit card donations on its website.

Write one sentence identifying and interpreting the Adjusted R Square statistic. Be specific to the example.

Which independent variable has the strongest association with the dependent variable? How do you know?

Candidate Smith’s district is 471 square miles. Her campaign website allows credit card donations. How much money is she predicted to raise for the campaign? Show your calculation and write one complete sentence that includes your answer.

Smith Family

Assume the Smith family of Philadelphia, Pennslyvania purchased their home in 2002 for $80,000.  Since then, comparable homes in their neighborhood have most recently sold for $200,000.  The cost to replace the home would be $180,000.  It is estimated that the house is one-third depreciated.  The Smith’s have a $175,000 (face amount coverage A)  Homeowners policy in force, similar to the policy shown in the Appendix.  Answer the following questions as if each question were a separate event.

1)  How much will the Smith’s collect for a total covered fire loss under coverage A?

2)  How much will be collected for a $20,000 partial loss under coverage A

3)  What would be your answers to questions 1 and 2 above if the Smith’s had only $80,000 of insurance of Coverage A?

a. question 1

On December 31, 2002, the equity section of spitz Company revealed the following data

Common Stock authorized    30000 shares

issued and outstanding 9000 shares $90000

APIC-Common    $116000

Treasury Stock 2000 Shares    $10000

Total Equity    $750000

On March 30, 2003 Spitz declared a 40% stock dividend when the FMV of the stock was $29 per share. For the 3 months ended March 31, 2003. Spitz sustained a net loss of 32000. The balance of Spitz retained earning as of March 31, 2003 should be

A. 554000

B. 449600

C.486000

D. 518000

E. None of the above

In 2002 the Supreme Court ruled that schools could require random drug tests of students participating in competitive after-school activities such as athletics. Does drug testing reduce use of illegal drugs? A study compared two similar high schools in Oregon. Wahtonka High School tested athletes at random and Warrenton High School did not. In a confidential survey, 8 of 132 athletes at Wahtonka and 29 of 111 athletes at Warrenton said they were using drugs. Regard these athletes as SRSs from the populations of athletes at similar schools with and without drug testing.

(a) You should not use the large-sample confidence interval. Why not?
Choose a reason. The sample sizes are too small. The sample sizes are not identical. The sample proportions are too small. At least one sample has too few failures. At least one sample has too few successes.

(b) The plus four method adds two observations, a success and a failure, to each sample. What are the sample sizes and the numbers of drug users after you do this?

Wahtonka sample size:      Wahtonka drug users:  
Warrenton sample size:      Warrenton drug users:

(c) Give the plus four 99.9% confidence interval for the difference between the proportion of athletes using drugs at schools with and without testing.
Interval:  to

In 2002 the Supreme Court ruled that schools could require random drug tests of students participating in competitive after-school activities such as athletics. Does drug testing reduce use of illegal drugs? A study compared two similar high schools in Oregon. Wahtonka High School tested athletes at random and Warrenton High School did not. In a confidential survey, 8 of 133 athletes at Wahtonka and 27 of 115 athletes at Warrenton said they were using drugs. Regard these athletes as SRSs from the populations of athletes at similar schools with and without drug testing. (a) You should not use the large-sample confidence interval. Why not?

(b) The plus four method adds two observations, a success and a failure, to each sample. What are the sample sizes and the numbers of drug users after you do this? Wahtonka sample size: Wahtonka drug users: Warrenton sample size: Warrenton drug users:

(c) Give the plus four 99.5% confidence interval for the difference between the proportion of athletes using drugs at schools with and without testing. Interval: to

please show your work and what function to use on the calculator . thank you !

The 2002 SOX Act required integrated audits for all public companies with immediate implementation by larger accelerated-filers.  The 2010 Dodd-Frank Act modified section 404 of the SOX Act to exempt certain smaller companies (non-accelerated-filers) from having external audits of their ICFR.

Given the importance and function of internal controls and known fraudulent activities, do you agree with this modification that eliminated the need for these smaller public companies from having auditor’s express an opinion on their ICFR? Explain your answer.

Though recommended, there is no requirement for private and not-for-profit companies to have external auditors audit their ICFR. Explain whether you feel these organizations should have their ICFR audited by external auditors.

The 2002 SOX Act required integrated audits for all public companies with immediate implementation by larger accelerated-filers.  The 2010 Dodd-Frank Act modified section 404 of the SOX Act to exempt certain smaller companies (non-accelerated-filers) from having external audits of their ICFR.

Given the importance and function of internal controls and known fraudulent activities, do you agree with this modification that eliminated the need for these smaller public companies from having auditor’s express an opinion on their ICFR? Explain your answer.

Though recommended, there is no requirement for private and not-for-profit companies to have external auditors audit their ICFR. Explain whether you feel these organizations should have their ICFR audited by external auditors.