A university is trying to determine what price to charge for tickets to football games. At a price of ​$27 per​ ticket, attendance averages 40,000 people per game. Every decrease of ​$33 adds 10,000 people to the average number. Every person at the game spends an average of ​$4.50 on concessions. What price per ticket should be charged in order to maximize​ revenue? How many people will attend at that​ price?

The comparative balance sheets for 2018 and 2017 are given below for Surmise Company. Net income for 2018 was $74 million.

SURMISE COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in millions)
2018 2017
Assets
Cash $ 27 $ 35
Accounts receivable 86 100
Less: Allowance for uncollectible accounts (19 ) (2 )
Prepaid expenses 15 13
Inventory 129 110
Long-term investment 116 80
Land 92 92
Buildings and equipment 377 255
Less: Accumulated depreciation (128 ) (102 )
Patent 22 23
$ 717 $ 604
Liabilities
Accounts payable $ 16 $ 36
Accrued liabilities 2 17
Notes payable 42 0
Lease liability 113 0
Bonds payable 61 123
Shareholders’ Equity
Common stock 66 50
Paid-in capital—excess of par 255 205
Retained earnings 162 173
$ 717 $ 604

Required:
Prepare the statement of cash flows of Surmise Company for the year ended December 31, 2018. Use the indirect method to present cash flows from operating activities because you do not have sufficient information to use the direct method. You will need to make reasonable assumptions concerning the reasons for changes in some account balances. A spreadsheet or T-account analysis will be helpful. (Hint: The right to use a building was acquired with a seven-year lease agreement. Annual lease payments of $9 million are paid at January 1 of each year starting in 2018.) (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)

Alfred Marshall developed a very important model that is considered one of the cornerstones of modern economic theory. Under this model, when the Supply increases, we can expect that

Select one: a. prices will decrease and the quantity traded in this market will increase

b. prices will increase and the quantity traded in this market will increase

c. prices will decrease and the quantity traded in this market will decrease

d. prices will increase and the quantity traded in this market will decrease

e. the prices and quantity will remain constant

This economist argued that workers invariably lose under capitalism the ability to determine life and destiny when deprived of the right to think of themselves as the director of their own actions; to determine the character of said actions; to define relationships with other people; and to own those items of value from goods and services, produced by their own labour.

Select one: a. Karl Marx b. Adam Smith c. Jeremy Bentham d. David Ricardo e. Thomas Malthus

To test whether the mean time needed to mix a batch of material is the same for machines produced by three manufacturers, a chemical company obtained the following data on the time (in minutes) needed to mix the material.

a) Use these data to test whether the population mean times for mixing a batch of material differ for the three manufacturers. Use α = 0.05.

Find the value of the test statistic. (Round your answer to two decimal places.)

Find the p-value. (Round your answer to three decimal places.)

p-value =

b) At the α = 0.05 level of significance, use Fisher's LSD procedure to test for the equality of the means for manufacturers 1 and 3.

Find the value of LSD. (Round your answer to two decimal places.)

LSD =

Find the pairwise absolute difference between sample means for manufacturers 1 and 3.

x₁ − x₃ =

In one of Sue's experiments, 500 plants were treated with a chemical and 350 of them were found to have a plant disease. Use a 0.01 significance level to test the claim that the rate of plant disease among all plants treated with the chemical is equal to 74%.

State the final conclusion.

Applicable answers:

1. The sample evidence does NOT support the rejection of the null hypothesis claim that the rate of plant disease among all plants treated with the chemical is equal to 74%
2. The sample evidence does support the rejection of the null hypothesis claim that the rate of plant disease among all plants treated with the chemical is equal to 74%
3. The sample evidence does NOT support the rejection of the Sue's claim that the rate of plant disease among all plants treated with the chemical is equal to 74%
4. The sample evidence does support the rejection of the Sue's claim that the rate of plant disease among all plants treated with the chemical is equal to 74%

National Bearings manufactures bearings at plants located in Portland Oregon, Houston Texas, and Jacksonville Florida. To measure employee knowledge of Total Quality Management (TQM), six employees were randomly selected at each plant and tested. The test scores for these employees are given in DATA. Managers want to know if, on average, knowledge of TQM is equal across the 3 plants. Test equality of mean scores at x = 0.05

A. none of the answers are correct

B. Equality of means is not rejected with pvalue 0.295. Knowledge of TQM is equal across the 3 plants.

C. Equality of means in not rejected with pvalue of 0.060. Knowledge of TQM is equal across the 3 plants.

D. Equality of means is rejected with pvalue 0.010. Knowledge of TQM is not equal across the 3 plants.

E. Equality of means is rejected with pvalue 0.003. Knowledge of TQM is not equal across the 3 plants

An article in Knee Surgery, Sports Traumatology, Arthroscopy (2005, Vol. 13, pp. 273–279) “Arthroscopic meniscal repair with an absorbable screw: results and surgical technique” showed that only 25 out of 37 tears (67.6%) located between 3 and 6 mm from the meniscus rim were healed.

(a) Calculate a 99% two-sided confidence interval on the proportion of such tears that will heal. Round the answers to 3 decimal places.

--------------------- ≤p≤ --------------------------

(b) Calculate a 99% lower confidence bound on the proportion of such tears that will heal. Round the answer to 3 decimal places.

------------------- ≤p

In a particular retail clothing store, approximately 30% of potential customers who walk into the store make a purchase.

In a random sample of 25 customers that walked into the store,

a. what is the probability that exactly 10 of the customers make purchases?

Round to 3 significant digits.

b. what is the probability that at least 2 of the customers make purchases?

Round to 3 significant digits.

c. how many of the customers are expected to make purchases?

Round to 3 significant digits.

d. what is the standard deviation of the number of customers who make purchases?

Round to 3 significant digits.

please provide correct answer.

Air Force Training Program

An Air Force introductory course in electronics uses a personalized system of instruction whereby each student views a videotaped lecture and then is given a programmed instruction text. The students work independently with the text until they have completed the training and passed a test. Of concern is the varying pace at which the students complete this portion of their training program. Some students are able to cover the programmed instruction text relatively quickly, whereas other students work much longer with the text and require additional time to complete the course. The fast students wait until the slow students complete the introductory course before the entire group proceeds together with other aspects of their training.

A proposed alternative system involves use of computer-assisted instruction. In this method, all students view the same videotaped lecture and then each is assigned to a computer terminal for further instruction. The computer guides the student, working independently, through the self-training portion of the course.

To compare the proposed and current methods of instruction, an entering class of 122 students was assigned randomly to one of the two methods. One group of 61 students used the current programmed-text method and the other group of 61 students used the proposed computer-assisted method. The time in hours was recorded for each student in the study. The following data are provided.

Course Completion Times (hours) for Current Training Method
76 76 77 74 76 74 74 77 72 78 73
78 75 80 79 72 69 79 72 70 70 81
76 78 72 82 72 73 71 70 77 78 73
79 82 65 77 79 73 76 81 69 75 75
77 79 76 78 76 76 73 77 84 74 74
69 79 66 70 74 72

Course Completion Times (hours) for Proposed Computer-Assisted Method
74 75 77 78 74 80 73 73 78 76 76
74 77 69 76 75 72 75 72 76 72 77
73 77 69 77 75 76 74 77 75 78 72
77 78 78 76 75 76 76 75 76 80 77
76 75 73 77 77 77 79 75 75 72 82
76 76 74 72 78 71




Managerial Report

1. Use appropriate descriptive statistics to summarize the training data for each method. What similarities or differences do you observe from the sample data?
2. Use the tests of hypothesis procedure to comment on any difference between the population means for the two methods. Discuss your findings.
3. Compute the standard deviation and variance for each training method. Conduct a hypothesis test about the equality of population variances for the two training methods. Discuss your findings.
4. What conclusion can you reach about any difference between the two methods?
5. Can you suggest other data or testing that might be desirable before making a final decision on the training program to be used in the future?

Please provide a detail solution. For Excel functions please provide the formula used to determine the values.