Chapter 7:  

Central University of Illinois has a newly appointed president, Catherine Husker. This has been a challenging budget year due to the difficulties of getting a state budget passed in the State Legislature. It appears from all reports that the budget that may get passed will be only 90% of last year’s state appropriations for the University. This means the University will have to cut their own operating budget for next year because of the State’s expected reduction in appropriations to higher education.

Husker just had a meeting with the athletic director of the university, Gareth Connor, to discuss the budget for the athletic department. Central University has been a men’s football and basketball powerhouse for the last several decades. However, the women’s athletic program has had less success. Last year, though, the women’s basketball team was one of the team’s selected to participate in the NCAA Women’s Basketball Competition through an “at-large bid” due to their outstanding season.

Connor and Husker discussed the 2018 Athletic Department budget, which Connor believed was the final draft. The meeting did not go well. In fact, it went terribly.   Husker discussed four grave concerns she had about the Athletic Department budget and requested Connor to review and revise the budget in light of her concerns below. Draft II of the budget is due in two weeks time.

Concern 1: The Athletic Department is budgeting a loss of over $3 million. Given the tight fiscal position of the university, this outcome is unacceptable to Husker. A budgeted loss of $1 million is the most she will tolerate for 2018. By 2019 the Athletic Department has to operate with a balanced budget. She tells Connor this is nonnegotiable.

Concern 2: The low allocation of money to the women’s athletic program. Fox Valley News, a tabloid television show, recently ran a program titled “It’s a Man’s World at Central University Athletics’ Program.” Husker said Connor is treating woman athletes as “third-class citizens.”

Concern 3: The low academic performance of the men’s football athletes, many of whom have full scholarships. She notes that the local TV news recently ran an interview with three football-team students, only one of which “exemplified the high academic credentials she wants Central to showcase to the world.” As for the other two students, she calls one student “incoherent” and another “incapable of stringing sentences together.”

Concern 4: The outrageous salary paid to “Bull” Mason, the football coach. She notes it is twice that of the highest paid academic person on campus, a Nobel Prize winner. Moreover, Mason receives other payments from his “Football the Central Way” summer program for high school students.

Below is Draft I of the Athletic Department budget:

Central University 2017 Athletic Department Budget ($ millions)

Revenues:

         Men’s athletic programs                    $10.350

         Women’s athletic programs                   0.780

         Other (endowment income, gifts)           3.400      $14.530

Costs:

         Men’s athletic programs                    $11.040

         Women’s athletic programs                   2.800

         Other (non-assigned to programs)*         3.700      17.540

Operating Income                                                        $( 3.010)

*Other non-assigned programs include rugby, soccer and volleyball

Men’s Athletic Programs:

                           Football      Basketball       Swimming             Other       Total

Revenues              $8.600        $1.500            $0.100    $0.150   $10.350

Costs                    7.400            2.700              0.300      0.640     11.040

Full Scholarships         37                         21                 6                4       68

Women’s Athletic Programs:

                                             Basketball       Swimming             Other       Total

Revenues                                $0.600            $0.080    $0.100   $ 0.780

Costs                                        1.800              0.200      0.800       2.800

Full Scholarships                            11                 4                2       17

REQUIRED:

Connor will be holding a half-day meeting with key officials of the Athletic Department (of which your team are some of these key officials) to discuss the university president’s concerns. In order for your team of officials to be prepared to discuss the concerns of the president at this meeting, please answer the following questions prior to the meeting.

Questions:

Who are the stakeholders? (Worth 4 pts.)

The Athletic Department is operating at a loss. What are some of the ways the Department can increase revenues? Are there any potential pitfalls or problems with any of your ideas? (Worth 6 pts.)

Are there any ways that the Athletic Department can decrease costs? Are there any potential pitfalls or problems with any of these suggestions? (Worth 6 pts.)

What are some of the gender issues that Husker raised and how would you attempt to address them? (Worth 4 pts.)

You are the observer of a peculiar individual that enters a room with two stations: each
station has a coin. Suppose that the coin at station A has a 40% chance of landing on heads,
while the coin at station B has a 50% chance of landing on heads. The individual plays the
following, monotonous game: if the coin lands on tails, he will stay at the station; otherwise,
he will move to the other station.
(a) Recall that a state transition diagram is a graphical representation of nodes and
arrows with the probabilities of moving from one station to another to label those
arrows. Draw a state transition diagram for the above scenario.
(b) Find the probability of moving to station B in one coin flip, given that the individual
is at station A.
(c) You decide to keep track of the stations that the individual has visited through a string
of characters, i.e. 'AAB' is the event that the individual started at A, stayed A, and
then moved to B. What is the probability that the string will read 'ABBAB' in the
next 5 plays of the “game.” You may assume that the individual started at A with
probability 1

Today there are some 14 million only children in American families, representing about 20% of all kids, according to the U.S. Census Bureau. A recent survey of 252 Texas State University students shows 13 do not have siblings in their families.

a. Use the survey data to build the 95% confidence interval for population proportion of Texas State students who do not have siblings.

b. Interpret the interval in terms of the problem. Can you safely conclude that percent of bobcat families with one child is significantly smaller than percent of such families in the general population? Explain.

Data Mining

Life of academic staff can be very challenging and demanding. Even though it seems like a smooth sailing ship, many aspects might challenge an individual employed in such sector.
One of the biggest challenges to overcome is to ensure to keep a keen watch on all students enrolled in a specific course. The obstacle levels up when the student number is higher in the class, let's say more than fifty. Then one could imagine how difficult it might be if the class number is beyond a hundred or two hundred, for instance.
Dr. Prat is an academic staff at Fiji National University. He teaches a generic course where all students from different programmes are compelled to enrol in it. This would mean that the class number is usually very high and keeping a good watch on all students is merely impossible.
Dr. Prat is looking for avenues to make this possible. Being a colleague, Dr. Prat thought to seek assistance from the Department of Computer Science and Information Systems. Dr. Prat was given an assurance that the Department of Computer Science and Information Systems can use data mining tactics to resolve his hurdle.
Dr. Prat provided with two years of student coursework marks.
Your lecturer is seeking your help to find knowledge from the provided dataset. You are to use the results for 2017 an 2018 to pre-determine the AT-RISK future students.

Please include:
Introduction
Problem Domain
Aim/Objective
Data Source

please in reference to the above questions and statements, provide details, you can also generalize it but in context to the question

On September 12, 1962, President John F. Kennedy delivered a speech at Rice University Stadium in Houston, Texas, in which he appealed for support of the National Aeronautics and Space Administration’s program to land humans on the Moon. The following passage is an excerpt from Kennedy’s speech. Read the passage carefully. Compose a thesis statement you might use for an essay analyzing the rhetorical choices Kennedy makes to accomplish his purpose. Then select at least four pieces of evidence from the passage and explain how they support your thesis.

In your response you should do the following:

• Respond to the prompt with a claim that establishes a line of reasoning.
• Select and use evidence to develop and support your line of reasoning.
• Explain the relationship between the evidence and your thesis.

No man can fully grasp how far and how fast we have come, but condense, if you will, the 50,000 years of man’s recorded history in a time span of but a half-century. Stated in these terms, we know very little about the first 40 years, except at the end of them advanced man had learned to use the skins of animals to cover them. Then about 10 years ago, under this standard, man emerged from his caves to construct other kinds of shelter. Only five years ago man learned to write and use a cart with wheels. Christianity began less than two years ago. The printing press came this year, and then less than two months ago, during this whole 50-year span of human history, the steam engine provided a new source of power.

Newton explored the meaning of gravity. Last month electric lights and telephones and automobiles and airplanes became available. Only last week did we develop penicillin and television and nuclear power, and now if America’s new spacecraft succeeds in reaching Venus, we will have literally reached the stars before midnight tonight.

This is a breathtaking pace, and such a pace cannot help but create new ills as it dispels old, new ignorance, new problems, new dangers. Surely the opening vistas of space promise high costs and hardships, as well as high reward.

So it is not surprising that some would have us stay where we are a little longer to rest, to wait. But this city of Houston, this State of Texas, this country of the United States was not built by those who waited and rested and wished to look behind them. This country was conquered by those who moved forward—and so will space.

William Bradford, speaking in 1630 of the founding of the Plymouth Bay Colony, said that all great and honorable actions are accompanied with great difficulties, and both must be enterprised and overcome with answerable courage.

If this capsule history of our progress teaches us anything, it is that man, in his quest for knowledge and progress, is determined and cannot be deterred. The exploration of space will go ahead, whether we join in it or not, and it is one of the great adventures of all time, and no nation which expects to be the leader of other nations can expect to stay behind in the race for space.

Those who came before us made certain that this country rode the first waves of the industrial revolutions, the first waves of modern invention, and the first wave of nuclear power, and this generation does not intend to founder in the backwash of the coming age of space. We mean to be a part of it—we mean to lead it. For the eyes of the world now look into space, to the moon and to the planets beyond, and we have vowed that we shall not see it governed by a hostile flag of conquest, but by a banner of freedom and peace. We have vowed that we shall not see space filled with weapons of mass destruction, but with instruments of knowledge and understanding.

Yet the vows of this Nation can only be fulfilled if we in this Nation are first, and, therefore, we intend to be first. In short, our leadership in science and in industry, our hopes for peace and security, our obligations to ourselves as well as others, all require us to make this effort, to solve these mysteries, to solve them for the good of all men, and to become the world’s leading space-faring nation.

We set sail on this new sea because there is new knowledge to be gained, and new rights to be won, and they must be won and used for the progress of all people. For space science, like nuclear science and all technology, has no conscience of its own. Whether it will become a force for good or ill depends on man, and only if the United States occupies a position of pre-eminence can we help decide whether this new ocean will be a sea of peace or a new terrifying theater of war. I do not say the we should or will go unprotected against the hostile misuse of space any more than we go unprotected against the hostile use of land or sea, but I do say that space can be explored and mastered without feeding the fires of war, without repeating the mistakes that man has made in extending his writ around this globe of ours.

Suppose your selected company(choose one of the two) just paid a dividend of $ 2.20 per share. The dividend are to calculate the share's expected return. You observe that the risk-free rate of return on us treasuries is 2% p.a, the market risk premium is 7 % and the company's equity has a current beta of 1.285. what is the market value of the company's shares? Compare the actual closing price of your selected company's share on the balance sheet date. Why might the actual share price differ from the calculated price? explain. I choose Woolworth ltd in australia and the other company is Wesfarmers Ltd

TABLE 4-8 (According to the record of the registrar's office at a state university, 35% of the students are freshman, 25% are sophomore, 16% are junior, and the rest are senior. Among the freshmen, sophomores, juniors, and seniors, the portion of students who live in the dormitory are, respectively, 80%, 60%, 30%, and 20%. ) 40. Referring to Table 4-8, what is the probability that a randomly selected student is a freshman who lives in a dormitory?

41. Referring to Table 4-8, what is the probability that a randomly selected student is a sophomore who does not live in a dormitory?

42. 130) Referring to Table 4-8, what is the probability that a randomly selected student is a junior who does not live in a dormitory?

43. Referring to Table 4-8, what is the probability that a randomly selected student is a junior or senior who lives in a dormitory?

44. Referring to Table 4-8, what percentage of the students live in a dormitory? 45. Referring to Table 4-8, what percentage of the students do not live in a dormitory?

46. Referring to Table 4-8, if a randomly selected student lives in the dormitory, what is the probability that the student is a freshman?

47. Referring to Table 4-8, if a randomly selected student does not live in the dormitory, what is the probability that the student is a junior or a senior?