A simple random sample of checks were categorized based on the number of cents on the written check and recorded below. Cents Category 0¢-24¢ 25¢-49¢ 50¢-74¢ 75¢-99¢ Frequency 58 37 28 17 Use the p-value method and a 5% significance level to test the claim that 50% of the check population falls into the 0¢-24¢ category, 20% of the check population falls into the 25¢-49¢ category, 16% of the check population falls into the 50¢-74¢ category, and 14% of the check population falls into the 75¢-99¢ category. Calculate the expected value for the 50¢-74¢ category (round to the nearest tenth).

Business Strategy

Best Buy is the largest consumer electronics retailer in the United States with 2013 sales of almost $50 billion. The company competes aggressively on price with rivals such as Costco Wholesale, Sam’s Club, Walmart, and Target, but is also known by consumers for its first-rate customer service.

Best Buy customers have commented that the retailer’s sales staff is exceptionally knowledgeable about products and can direct the customer to the exact location of difficult to find items. Best Buy customers also appreciate that demonstration models of PC monitors, digital media players, and other electronics are fully powered and ready for in-store use. Best Buy’s Geek Squad tech support and installation services are additional customer service features valued by many customers.

1. How would you characterize Best Buy’s competitive strategy?

2. Should it be classified as a low-cost provider strategy? a differentiation strategy? a best-cost strategy?

3. Explain your answer.

4. Now think of your Glo-Bus (simulation) company: would you approach Best Buy to promote the distribution of your camera? How?

With the use of a diagram illustrate the four main ways that services are traded across the world.

4. What is the difference between the commodities traded in the forward market and the futures market?

In the financial market, both "good" and "bad" securities are traded. On the paper gives Both SEK 100 in return, but the risk of a "good" securities becoming worthless is 20 percent. The risk of this happening a "bad" securities is 50 percent. The proportion of good and bad Securities in the market are equal and both buyers and sellers are risk-neutral a) a) What price will the securities be traded if neither buyer nor seller knows about them Is the good or bad variety of quality?

b. What are stocks? What are their features and how are they traded?

c. How do you calculate an annual rate of return?

d. You buy a share of stock for $100 and it pays no dividend. A year later the market price is $105. What is the rate of return?

e. You buy a share of stock for $100 and a year later the market price is $105 and it pays a dividend of $2. What is the return?

Which of the following statement(s) regarding the exchange-traded funds (ETF) is (are) correct?

I. Individual ETF shares are traded on the exchanges

II. An authorized participant can redeem ETF shares directly from the ETF provider.

III. The “redemption-in-kind” process helps ETF(s) to maximize tax efficiency.

The mean of sample A is significantly different than the mean of sample B. Sample A: 59 46 74 62 87 73 Sample B: 53 67 81 57 93 79 Use a two-tailed t-test of independent samples for the above hypothesis and data. What is the p-value? (Answer to 3 decimal places)

Assume that the following cases are independent and rely on the following data. Make entries on the books of both companies.

Jensen Co. and Merton Co. traded the above equipment. The exchange has commercial substance.

Jensen Co. and Merton Co. traded the above equipment. The exchange lacks commercial substance.

Assume that the following cases are independent and rely on the following data. Make entries on the books of both companies.

Jensen Co. and Merton Co. traded the above equipment. The exchange has commercial substance.

Jensen Co. and Merton Co. traded the above equipment. The exchange lacks commercial substance.

Disney's Hannah Montana: The Movie opened in April 2009. The ticket sales revenue ($) for a sample of theaters is below. Use it to answer/do the following. 20,200 8,350 10,750 13,900 13,185 10,150 7,300 6,240 4,200 21,400

(a) Estimate the average ticket sales revenue.

(b) Develop a 90% confidence interval for the mean in (a).

(c) Develop a 95% confidence interval for the mean in (a).

(d) Develop a 99% confidence interval for the mean in (a).

(e) If ticket prices were $7.16 on average, estimate the mean number of customers per theater.

(f) The movie was shown in 3,118 theaters. Estimate the number of people who saw the movie