Read the following scenario and answer the question in 5–10 sentences.

In December of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. The contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. Until February 2017, the supplier provided processed grain which could easily be used in your manufacturing process. However, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. The supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. Your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. Over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. After speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. Weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? Which would be the best option for your business and why?

In December 2004 new soybean varieties were released for planting in the Spring of 2005. These varieties (IA2070 and IA2071) produce oil that can be labelled as low in saturated fat according to the Food and Drug Administration (FDA). As a farm owner, you are considering planting these new varieties. However, you would like to compare their yield with that of other soybean varieties that are usually planted. An experiment conducted in central Iowa in the Spring 2004 provided the following data. Plots were randomly assigned to soybean varieties. Yield is measured in bushels/acre at 13% moisture.

a) Test the null hypothesis that the mean yield is the same for all variables. Is the method you used a valid method?

b) Calculate the pooled standard deviation

c) Use a Tukey-Kramer method to compare all pairs of mean yields at alpha=0.05

d) Give a 95% confidence interval for the mean yield of variety IA2070

1. In a survey of U.S. adults with a sample size of 2004, 345 said Franklin Roosevelt was the best president since World War II. TwoTwo U.S. Two adults are selected at random from this sample without replacement. Complete parts​ (a) through​ (d).

​(a) Find the probability that both adults say Franklin Roosevelt was the best president since World War II.

​(b) Find the probability that neither adult says Franklin Roosevelt was the best president since World War II.

​(c) Find the probability that at least one of the two adults says Franklin Roosevelt was the best president since World War II.

2. The probability that a person in the United States has type B​+ blood is 12%. 4 unrelated people in the United States are selected at random. Complete parts​ (a) through​ (d).

(a) Find the probability that all five have type B​+ blood.

​(b) Find the probability that none of the five have type B​+ blood.

​(c) Find the probability that at least one of the five has type B​+ blood.

​3. A study found that 39% of the assisted reproductive technology​ (ART) cycles resulted in pregnancies. ​Twenty-five percent of the ART pregnancies resulted in multiple births.

​(a) Find the probability that a random selected ART cycle resulted in a pregnancy and produced a multiple birth.

​(b) Find the probability that a randomly selected ART cycle that resulted in a pregnancy did not produce a multiple birth.

​(c) Would it be unusual for a randomly selected ART cycle to result in a pregnancy and produce a multiple​ birth? Explain.

Forty employers in a variety of fields and cities were surveyed in 2004 on topics relating to company benefits, and the degree to which employees were supported in terms of flexible work hours and child care assistance. One question asked if the employer had any experience or knowledge about attention-deficit hyperactive disorder (ADHD). Responses of either yes (y) or no (n) are shown below.

(a) Set up a 95% confidence interval for the proportion of all employers who have experience or knowledge of ADHD. (Round your answers to two decimal places.)

The Big Red Company sold merchandise to a customer for 500,000 on January 1^st, 2004 with a cost of 100,000. A payment of 100,000 is due at date of sale and annual payments of 100,000 due each succeeding January. The expected collectibility is exceptionally uncertain. Use the installment method of accounting and the cost recovery method to journalize the necessary entries.

(The Evolution of Visual Storytelling)

Think back to when Facebook was first launched in 2004. It was simply a directory of user names, interests, and contact information. Since then, social media platforms have taken significant steps toward a more visual experience. Examine the changes these social media platforms have taken to pave the way for visual content and storytelling.

During the 2004 Olympic Games, a shot putter threw a shot put with a speed of 12.1 m/s at an angle of 43.7° above the horizontal. She released the shot put from a height of 2.07 m above the ground.

a) How far did the shot put travel in the horizontal direction?

b) How long was it until the shot put hit the ground?

You have now decided to collapse your data into on-campus and off-campus living (use data from #7) 2x2 table. Determine if there is a difference between living on-campus or off-campus and exercise status (yes exercise, no exercise).

1. state the null and alternative hypothesis

2. determine a

3. select chi square tool

4. Fine the critical value

5. reject or fail to reject

6. State the conclusion

The claims department at Wise Insurance Company believes that younger drivers have more accidents and, therefore, should be charged higher insurance rates. Investigating a sample of 1,200 Wise policyholders revealed the following breakdown on whether a claim had been filed in the last 3 years and the age of the policyholder. Is it reasonable to conclude that there is a relationship between the age of the policyholder and whether or not the person filed a claim? Use the .05 significance level. Age Group No Claim Claim 16 up to 25 170 74 25 up to 40 240 58 40 up to 55 400 44 55 or older 190 24 Total 1,000 200 With Excel inputs and formulas

The data below shows height​ (in inches) and pulse rates​ (in beats per​ minute) of a random sample of women. Answer parts ​a-c.

a. Find the value of the linear correlation coefficient r.

b. Find the critical values of r from the table showing the critical values for the Pearson correlation coefficient using

alpha=0.05

c. Is there sufficient evidence to conclude that there is a linear correlation between the two​ variables?