In: Operations Management
SCENARIO:
Eva Melon, the CEO and majority shareholder of OuterSpace Corp. (OSC) (incorporated in Delaware) founded the company to develop the technology needed to make commercial space flights available to the average citizen. She believed that space could be made available for colonization and that the energy and resources needed to sustain life in outer space could be harvested from other planets, such as Mars. Eva spent most of her substantial fortune investing in renewable energy and philanthropic endeavors aimed at making life more comfortable through technological breakthroughs. Because Eva’s mother was from the United States and Eva’s father was from France, she held citizenship in both countries. She frequently traveled back and forth operating OSC from her homes in both countries.
Eva’s most recent project for OSC involved the design and construction of a space vehicle. While Eva had initially planned on manufacturing the vehicle in the United States, she projected that she could save approximately $10 million dollars by manufacturing the vehicle in China. However, she wanted to launch the vehicle from a spaceport either in Russia or the United States. Several test flights were slated on the project’s schedule for the years 2020 and 2021 which included a standard flight into low earth orbit, a docking with the international space station, and finally, a trip to Mars for natural resource sample collection. If successful in all the test flights, OSC planned on launching short commercial trips to space for individuals in 2023 and “colonization” flights to Mars some time thereafter.
To help secure funding for the research and development of the project, OSC also developed and produced solar panels for sale to the public, which were very similar to the ones that they would be using on their space vehicles for energy while in space. The panels were highly successful not only because of their technological brilliance, but also thanks to the public’s fascination with Eva, who was portrayed in the media as the “architect of the future.” OSC’s solar panels dominated the solar panel market, effectively shutting down other solar panel companies both domestically and abroad. Upset by the shift in the market, a competing foreign company, SolarX, filed a suit against OSC in federal court for violations of Section 1 of the Sherman Act.
Undeterred, OSC entered into agreement with a Chinese company to begin the manufacture of the space vehicle. However, upon learning of the agreement, the United States government immediately notified OSC that they were in violation of the U.S. Department of State’s International Traffic in Arms Regulation laws and that OSC must cease all transfer of technology and data related to the manufacturing of the vehicle. Concurrently, the Chinese government, in learning of the agreement and realizing the benefit of the technology to its national government, seized control of the manufacturing facility. OSC immediately filed suit in the United States against the manufacturing facility and Chinese government. It also brought an injunction against the U.S. government to prevent the enforcement of any federal regulation prohibiting OSC from using the Chinese company to manufacture space vehicles.
Knowing how long the lawsuits would take and wanting to stay on schedule, OSC opened a manufacturing facility in France to continue the construction of the space vehicle through a wholly-owned subsidiary of OSC (rather than an outside company).
The publicity surrounding OSC’s struggle to get its vehicle built and operational was overwhelmingly in support of OSC. As a result, OSC hinted at solidifying its decision to launch the vehicle from the United States, at a spaceport which it would build in Texas, for use in all its testing operations.
ETHICS QUESTION:
1. In 5-10 sentences, answer the following question. Assume OSC grants an exclusive interview to a 24-hour news channel about the economic status of the company hours after the seizure of the manufacturing facility in China. Chen Li is the marketing director for OSC and is assigned to the interview. Li does not know if the news station yet knows about the seizure, but knows he will be asked about the financial state of the company. He confirms that the confiscation has actually cost the company millions, which will impact the company's finances significantly but has been told by Eva "not to spook investors because we will recover." When asked by the interviewer, "Where is the company financially today, and what can we expect in terms of company growth over the next year?" Li responds, "OSC's management is as strong as ever and we expect revenues to climb in the future." Li never mentions the losses incurred by the seizure. Is this an ethical answer and should Li have disclosed the company's losses? Is corporate marketing "spin" an ethical business practice?
In: Operations Management
Suppose you sample 19 high school baseball pitchers and find that they have an average pitching speed of 87 miles per hour with a standard deviation of 0.98 mph. Find a 95% confidence interval for the average pitching speed of all high school baseball pitchers. Assume that the population is normally distributed.
In: Statistics and Probability
The following is a random sample of the annual salaries of high school counselors in the United States. Assuming that the distribution of salaries is approximately normal, construct a 90% confidence interval for the mean salary of high school counselors across the United States. Round to the nearest dollar.
$55,250, $46,540, $42,120, $58,740, $38,010, $43,650, $65,640
In: Statistics and Probability
Does the West Buffalo Charter School seem most focused on the economic, accounting, or shareholder perspective of its competitive advantage? Give information to support your view.
(Please choose one of these perspectives and explain why a charter school would be focused on this perspective. For example, the charter schools are focused on the _____ perspective because ________.)
In: Operations Management
Many children with elimination problems experience social problems at school as a result of their condition. What recommendations could be made to school personnel to reduce stigmatization and alienation that arises as a result of elimination accidents? What should a teacher do if a child has an accident in class? Would recommendations be different for soiling and wetting problems?
In: Psychology
In: Nursing
It is believed that the women with some education beyond high school (H) are more likely to use contraceptives compared to women with an education level at or below a high school level (L). A study was conducted to test this claim and found out that 201 among 613 low-educated women (L) use contraceptives and 228 out of 848 women with some education beyond high school (H) use contraceptives. Does it appear that better-educated women are more likely to use contraceptives compared to low-educated women? Conduct a test of hypothesis at 5% level of significance. What are the null and alternative hypotheses for the test?
In: Statistics and Probability
I have been getting many incorrect answers recently, if you are unsure please do not attempt. All i ask is all parts answered and with shown or explained work. Thank you (:
The following data represent the math SAT scores for a random sample of seniors from three different high schools.
|
School A |
School B |
School C |
|---|---|---|
|
488 |
445 |
618 |
|
592 |
370 |
525 |
|
537 |
382 |
651 |
|
470 |
423 |
647 |
|
539 |
523 |
543 |
Using α=0.05, perform a hypothesis test to determine if the math median SAT score differs among these three high schools.
In: Statistics and Probability
The average math SAT score is 521 with a standard deviation of 114. A particular high school claims that its students have unusually high math SAT scores. A random sample of 60 students from this school was selected, and the mean math SAT score was 538. Is the high school justified in its claim? Explain.
answers is ( choose yes/or no) , because the z score ( which is? ) is ( choose, usual or not usual) since it ( choose, does not lie ,or lies) within the range of a usual event , namely within ( choose 1, 2 or 3 standard deviations) of the mean of the sample means. round to two decimal places as needed
In: Statistics and Probability