Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program.

Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $65,000 per year, and his salary expected to increase at 3% per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26%. Ben has savings account with enough money to cover the entire cost of his MBA program.

The Ritter College of Business at Wilton University is one of the top MBA programs in the country. The MBA degree requires two years of full time enrollment at the university. The annual tuition is $70,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $3000 per year. Ben expects that after graduation from Wilton, he will receive a job offer for about $110,000 per year, with a $20,000 signing bonus. The salary at this job will increase at 4% per year. Because of the higher salary, his average income tax rate will increase to 31%. The Bradley School of Business at Mount Perry College began its MBA program 16 years ago.

The Bradley School is smaller and less well known than the Ritter College. Bradley offers an accelerated, one year program, with a tuition cost of $85,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $4,500. Ben thinks that he will receive an offer of $92,000 per year upon the graduation, with an $18,000 signing bonus. The salary at this job will increase at 3.5% per year. His average tax rate at this level of income will be 29%. Both schools offer a health insurance plan that will cost $3,000 per year, payable at the beginning of the year. Ben also estimates that room and board expenses will cost $2,000 more per year at both schools than his current expenses, payable at the beginning of each year. The appropriate discount rate is 4.7%

Questions:

1.How does Ben's age affect his decision to get an MBA?

2.What other, perhaps nonquantifiable, factors affect Ben's decision to get an MBA?

3.Assuming all salaries are paid at the end of each year, what is the best option for Ben from a strictly financial standpoint?

4.Ben believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement?

5.What initial salary would Ben need to receive to make him indifferent between attending Wilton University and staying in his current position?

6.Suppose, instead of being able to pay cash for his MBA, Ben must borrow the money. The current borrowing rate is 5.4 percent. How would this affect his decision

Raj Danielson graduated from university six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Assiniboine University or the University of Passy. Both schools encourage internships, but to get class credit for the internship, no salary can be accepted. Other than internships, neither school allows its students to work while enrolled in its MBA program.

Raj currently works at the money management firm of Prash and Sid. His annual salary at the firm is $53,000 and his salary is expected to increase at 3% per year until retirement. He is currently 28 years old and expects to work for 38 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26%. Raj has a savings account with enough money to cover the entire cost of his MBA program.

The Sentinel School of Business at Assiniboine University is one of the top MBA programs in the country. The MBA degree requires two years of full-time enrolment at the university. The annual tuition is $58,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $2,000 per year. Raj expects that after graduation from Assiniboine, he will receive a job offer for about $87,000 per year, with a $10,000 signing bonus. The salary at this job will increase at 4% per year. Because of the higher salary, his average income tax rate will increase to 31%.

The Pond School of Business at the University of Passy began its MBA program 16 years ago. The Pond School is smaller and less well known than the Sentinel School. It offers an accelerated one-year program, with a tuition cost of $75,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $4,200. Raj thinks that he will receive an offer of $78,000 per year upon graduation, with a $8,000 signing bonus. The salary at this job will increase at 3.5 percent per year. His average tax rate at this level of income will be 29%.

Both schools offer a health insurance plan that will cost $3,000 per year, payable at the beginning of the year. Raj also estimates that room and board expenses will decrease $4,000 per year at both schools. The appropriate discount rate is 6.5%.

QUESTIONS:

1.How does Raj’s age affect his decision to get an MBA?
2. What other, perhaps non-quantifiable, factors affect Raj’s decision to get an MBA?
3. Assuming all salaries are paid at the end of each year, what is the best option for Raj from a strictly financial standpoint?
4. Raj believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement?
5. What initial salary would Raj need to receive to make him indifferent between attending Assiniboine University and staying in his current position?

6. Suppose, instead of being able to pay cash for his MBA, Raj must borrow the money. The current borrowing rate is 5.4%. How would this affect his decision?

Raj Danielson graduated from university six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Assiniboine University or the University of Passy. Both schools encourage internships, but to get class credit for the internship, no salary can be accepted. Other than internships, neither school allows its students to work while enrolled in its MBA program.

Raj currently works at the money management firm of Prash and Sid. His annual salary at the firm is $53,000 and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 38 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 percent. Raj has a savings account with enough money to cover the entire cost of his MBA program.

The Sentinel School of Business at Assiniboine University is one of the top MBA programs in the country. The MBA degree requires two years of full-time enrolment at the university. The annual tuition is $58,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $2,000 per year. Raj expects that after graduation from Assiniboine, he will receive a job offer for about $87,000 per year, with a $10,000 signing bonus. The salary at this job will increase at 4 percent per year. Because of the higher salary, his average income tax rate will increase to 31 percent.

The Pond School of Business at the University of Passy began its MBA program 16 years ago. The Pond School is smaller and less well known than the Sentinel School. It offers an accelerated one-year program, with a tuition cost of $75,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $4,200. Raj thinks that he will receive an offer of $78,000 per year upon graduation, with a $8,000 signing bonus. The salary at this job will increase at 3.5 percent per year. His average tax rate at this level of income will be 29 percent.

Both schools offer a health insurance plan that will cost $3,000 per year, payable at the beginning of the year. Raj also estimates that room and board expenses will decrease $4,000 per year at both schools. The appropriate discount rate is 6.5 percent.

QUESTIONS:

1.How does Raj’s age affect his decision to get an MBA?
2. What other, perhaps non-quantifiable, factors affect Raj’s decision to get an MBA?
3. Assuming all salaries are paid at the end of each year, what is the best option for Raj from a strictly financial standpoint?
4. Raj believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement?
5. What initial salary would Raj need to receive to make him indifferent between attending Assiniboine University and staying in his current position?

6. Suppose, instead of being able to pay cash for his MBA, Raj must borrow the money. The current borrowing rate is 5.4%. How would this affect his decision?

Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $65,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 percent. Ben has a savings account with enough money to cover the entire cost of his MBA program. The Ritter College of Business at Wilton University is one of the top MBA programs in the country. The MBA degree requires two years of full-time enrollment at the university. The annual tuition is $70,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $3,000 per year. Ben expects that after graduation from Wilton, he will receive a job offer for about $110,000 per year, with a $20,000 signing bonus. The salary at this job will increase at 4 percent per year. Because of the higher salary, his average income tax rate will increase to 31 percent. The Bradley School of Business at Mount Perry College began its MBA program 16 years ago. The Bradley School is smaller and less well known than the Ritter College. Bradley offers an accelerated, one-year program, with a tuition cost of $85,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $4,500. Ben thinks that he will receive an offer of $92,000 per year upon graduation, with an $18,000 signing bonus. The salary at this job will increase at 3.5 percent per year. His average tax rate at this level of income will be 29 percent. Both schools offer a health insurance plan that will cost $3,000 per year, payable at the beginning of the year. Ben also estimates that room and board expenses will cost $2,000 more per year at both schools than his current expenses, payable at the beginning of each year. The appropriate discount rate is 6.3 percent.

1. How does Ben’s age affect his decision to get an MBA?

2. What other, perhaps nonquantifiable factors affect Ben’s decision to get an MBA?

3. Assuming all salaries are paid at the end of each year, what is the best option for Ben—from a strictly financial standpoint?

4. Ben believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement?

5. What initial salary would Ben need to receive to make him indifferent between attending Wilton University and staying in his current position?

6. Suppose, instead of being able to pay cash for his MBA, Ben must borrow the money. The current borrowing rate is 5.4 percent. How would this affect his decision?

Please explain if you agree or disagree...

Some of the main challenges posed by the growing use of medical technology in the United States are protecting medical information entrusted to medical facilities from hackers while at the same time making this same information available to clinicians. Consider all the testing done that could be avoided if prior studies were available.

American cultural beliefs and values influenced the use of medical technology by making unrestrained pursuit of high-tech procedures. Moreover, more procedures are performed in the United than most other industrialized countries (Ibid, 115). Eventually, in my opinion medical rationing will be a necessity.

What idiosyncratic factors make each of the countries below more vulnerable or less vulnerable to currency and inflation volatility? Factors you might choose from to focus on include each country’s: composition of GDP, historic GDP growth, currency peg, government stability, the real interest rate, money supply growth, ability to print money, drivers of foreign investment and the rule of law, inflation history, and debt to GDP.

• Brazil:

o Currency

o Inflation

• Hong Kong:

o Currency

o Inflation

• United Arab Emirates:

o Currency

o Inflation

• United States:

o Currency

o Inflation

Question 1

1. How important do you think that the credit unions are to the financial system?
2. Do you think that credit unions should be subject to the same regulations as commercial banks?

Question 2

Discuss the operation of wholesale and retail cooperatives. Provide examples where necessary.

Question 3

Asses the role and functions of the various regulatory bodies in relation securities regulation in the United States, United Kingdom, and Canada and compare to those in the Caribbean.                  

Question 4

Give an assessment of the work of The International Organization of Securities Commissions.   

Question 5

Discuss the role of the Caribbean Financial Action Task Force (CFATF) in regional financial crime fighting.

Political polling relies heavily on sampling techniques, which allow us to make inferences about an entire population based on only a portion of the population. However, the "Brexit" referendum in the United Kingdom and several elections in the United States since 2016 have called into question the accuracy of much political polling

1. What explains the inaccuracy of many pre-election polling data since 2016? Provide specific case examples.

2. What statistical techniques could be used to improve the accuracy of polling?

3. Has the value of political polling diminished? What is your personal perception of political polling?

In an article in the Journal of Advertising, Weinberger and Spotts compare the use of humor in television ads in the United States and in the United Kingdom. Suppose that independent random samples of television ads are taken in the two countries. A random sample of 400 television ads in the United Kingdom reveals that 142 use humor, while a random sample of 500 television ads in the United States reveals that 126 use humor.

(a) Set up the null and alternative hypotheses needed to determine whether the proportion of ads using humor in the United Kingdom differs from the proportion of ads using humor in the United States.

H₀: p₁ − p₂  (Click to select)  =  ≠  0 versus H_a: p₁ − p₂  (Click to select)  ≠  =  0.

(b) Test the hypotheses you set up in part a by using critical values and by setting α equal to .10, .05, .01, and .001. How much evidence is there that the proportions of U.K. and U.S. ads using humor are different? (Round the proportion values to 3 decimal places. Round your answer to 2 decimal places.)

  z = ____________   

(Click to select)  Reject  Do not Reject  H₀ at each value of α;   (Click to select)  extremely strong  some  very strong  none  strong  evidence.

(c) Set up the hypotheses needed to attempt to establish that the difference between the proportions of U.K. and U.S. ads using humor is more than .05 (five percentage points). Test these hypotheses by using a p-value and by setting α equal to .10, .05, .01, and .001. How much evidence is there that the difference between the proportions exceeds .05? (Round the proportion values to 3 decimal places. Round your z value to 2 decimal places and p-value to 4 decimal places.)

(Click to select)  Reject  Do not Reject  H₀ at each value of α = .10 and α = .05;  (Click to select)  strong  some  none  very strong  extremely strong  evidence.

(d) Calculate a 95 percent confidence interval for the difference between the proportion of U.K. ads using humor and the proportion of U.S. ads using humor. Interpret this interval. Can we be 95 percent confident that the proportion of U.K. ads using humor is greater than the proportion of U.S. ads using humor? (Round the proportion values to 3 decimal places. Round your answers to 4 decimal places.)

95% of Confidence Interval                      [  ,  ]

(Click to select)  No  Yes  the entire interval is above zero.

In an article in the Journal of Advertising, Weinberger and Spotts compare the use of humor in television ads in the United States and in the United Kingdom. Suppose that independent random samples of television ads are taken in the two countries. A random sample of 400 television ads in the United Kingdom reveals that 142 use humor, while a random sample of 500 television ads in the United States reveals that 123 use humor.

(a) Set up the null and alternative hypotheses needed to determine whether the proportion of ads using humor in the United Kingdom differs from the proportion of ads using humor in the United States.

H₀: p₁ − p₂   (Click to select)   ≠   =  0 versus H_a: p₁ − p₂   (Click to select)   =   ≠  0.

(b) Test the hypotheses you set up in part a by using critical values and by setting α equal to .10, .05, .01, and .001. How much evidence is there that the proportions of U.K. and U.S. ads using humor are different? (Round the proportion values to 3 decimal places. Round your answer to 2 decimal places.)

  z             

  (Click to select)   Do not Reject   Reject  H₀ at each value of α;     (Click to select)   strong   none   some   very strong   extremely strong  evidence.

(c) Set up the hypotheses needed to attempt to establish that the difference between the proportions of U.K. and U.S. ads using humor is more than .05 (five percentage points). Test these hypotheses by using a p-value and by setting α equal to .10, .05, .01, and .001. How much evidence is there that the difference between the proportions exceeds .05? (Round the proportion values to 3 decimal places. Round your z value to 2 decimal places and p-value to 4 decimal places.)

  (Click to select)   Do not Reject   Reject  H₀ at each value of α = .10 and α = .05;   (Click to select)   extremely strong   very strong   strong   none   some  evidence.

(d) Calculate a 95 percent confidence interval for the difference between the proportion of U.K. ads using humor and the proportion of U.S. ads using humor. Interpret this interval. Can we be 95 percent confident that the proportion of U.K. ads using humor is greater than the proportion of U.S. ads using humor? (Round the proportion values to 3 decimal places. Round your answers to 4 decimal places.)

95% of Confidence Interval                      [  ,  ]

  (Click to select)   No   Yes  the entire interval is above zero.