High-profile legal cases have many people reevaluating the jury system. Many believe that juries in criminal trials should be able to convict on less than a unanimous vote. To assess support for this idea, investigators asked each individual in a random sample of Californians whether they favored allowing conviction by a 10–2 verdict in criminal cases not involving the death penalty. A newspaper article reported that 72% supported the 10–2 verdict. Suppose that the sample size for this survey was n = 900.Compute a 99% confidence interval for the proportion of Californians who favor the 10–2 verdict.

Interpret the interval.

We are confident that 99% of the proportion of Californians who favor the 10–2 verdict is within this interval.

We are 99% confident that the proportion of all people who favor the 10–2 verdict is within this interval.    

We are confident that the proportion of all people who favor the 10–2 verdict is within this interval at least 99% of the time.

We are 99% confident that the proportion of Californians who favor the 10–2 verdict is within this interval.

Starting in 1961, the Freedom Riders, comprised of African- and white-Americans, protested segregation by getting on Greyhound buses in Washington, DC (where segregation was not part of the law) and riding them into the Southern US states, where segregation prohibited people of different racial groups from riding buses together. In the outtake of the The Freedom Riders documentary, "The Young Witness," we see Janie Forsyth McKinney remembering her childhood experience with the Freedom Riders, and describing the psychology of her community members as "dichotomous." When her community members stop the Freedom Riders' bus and firebomb it, she defied them and brought water to the protesters who were leaving the bus, starting with a woman who reminded her of Pearl, the woman who raised her. How does her community respond?

Select one:

a. They commend her for her sense of rightness and justice.

b. They decide that if she is intellectually disabled (she uses the word "retarded"), they don't need to find that she has done something morally wrong. So they "find" her intellectually disabled, "weak minded."

c. They take her actions as an indication of severe moral failure. They decide to try her as an adult, instead of as a child.

Probabilities of Death The US Social Security
Administration collects information on the
life expectancy and death rates of the population.
Table P.6 gives the number of US men out of
100,000 born alive who will survive to a given age,
based on 2011 mortality rates.6
For example, 50,344 of 100,000 US males live to
their 80th birthday.

(a) What is the probability that a man lives to
age 60?
(b) What is the probability that a man dies before
age 70?
(c) What is the probability that a man dies at age 90
(after his 90th and before his 91st birthday)?
(d) If a man lives until his 90th birthday, what is the
probability that he will die at the age of 90?
(e) If a man lives until his 80th birthday, what is the
probability that he will die at the age of 90?
(f) What is the probability that a man dies between
the ages of 60 and 89?
(g) If a man lives until his 60th birthday, what is the
probability that he lives to be at least 90 years
old?
Table P.6 Life Table for US males, 2011
Age 60 70 80 90 91
Number of lives 85,995 73,548 50,344 17,429 14,493

Investor _____ is an individual or group that purchases large numbers of a public company's shares and/or tries to obtain seats on the company's board with the goal of effecting a major change in the company.

A) Involvement

B) Relations

C) Management

D) Activism

1. What trends do you notice in your data set? 2. Based on the trends and the history of your data set, make a claim. What kind of test (left, right, two tailed) would you have to complete? 3. Explain the steps needed to complete the Hypothesis Test. What is needed? Medical Prep Institute of Tampa Bay $25,823 Sanford-Brown College Online $14,667 South University Tampa $17,014 Strayer University-Florida $13,515 The University of Tampa $29,992 University of South Florida-Main Campus $6,410 Average $17,904

Dow Chemical, a US-based firm, seeks to hedge most of the exposure of its European operations by borrowing in Swiss francs (CHF). At the same time the French tire manufacturer Michelin is seeking US dollars to finance additional investment in its US manufacturing plants. Both firms want the equivalent of $150 million US dollars in fixed-rate financing for 10 years. Dow can issue dollar-denominated debt at an interest rate of 7.5 percent per year, or Swiss franc denominated debt at a rate of 8.25% per year. Equivalent rates for Michelin are 7.8% per year in US dollars and 8.1% per year in Swiss francs. The current spot rate is 1.13 USD/CHF. A bank is willing to arrange 10-year currency swaps with its clients at the following rates: the bank is willing to pay to (receive from) clients US dollars at 7.6% p.a. (7.7% p.a.), and pay to (receive from) Swiss francs at 8.25% p.a. (8.3% p.a.).

(a) Suggest how Dow Chemical can use a swap to achieve its objective of reducing the currency risk from its European operations while still obtaining the lowest cost of funding. Outline the cash flows for the swap.

(b) Based on the swap you proposed, what is the all-in cost of financing for Dow? Show your calculations.       

P 4–6: University Physician Compensation Physicians practicing in Eastern University’s hospital have the following compensation agreement. Each doctor bills the patient (or Blue Cross Blue Shield) for his or her services. The doctor pays for all direct expenses incurred in the clinic, including nurses, medical malpractice insurance, secretaries, supplies, and equipment. Each doctor has a stated salary target (e.g., $100,000). For patient fees collected over the salary target, less expenses, the doctor retains 30 percent of the additional net fees. For example, if $150,000 is billed and collected from patients, and expenses of $40,000 are paid, then the doctor retains $3,000 of the excess net fees [30 percent of ($150,000 – $40,000 – $100,000)] and Eastern University receives $7,000. If $120,000 of fees are collected and $40,000 of expenses are incurred, the physician’s net cash flow is $80,000 and Eastern University receives none of the fees. Required: Critically evaluate the existing compensation plan and recommend any changes.

The following problem is an example of typical transactions that a not-for-profit college or university might have.  Use the information in the FASB Accounting Standards Codification to help you answer the requirements of the problem.

Beatty College, a not-for-profit college, engaged in the following transactions during its fiscal year ending June 30, 2015.         

Requirements:  Prepare appropriate journal entries, indicating the types of funds (by restrictiveness) in which they would be recorded.

Transactions:

               1. In May 2015 Beatty College collected $100,000,000 in student tuition.  Of this amount              $10,000,000 was applicable to the summer semester, which ran from June1 to August 30, 2015,              and $1,000,000 was applicable to the fall semester that began September, 2015.

               2. Beatty College received a contribution of $1,000,000 in stocks and bonds to establish an       endowed chair in accounting.  Income from the chair endowment must be used to supplement        the salary of a professor accounting.

               3. During 2015, the accounting chair endowment earned interest and dividends of $50,000 all of    which was used to supplement the salary of the chair of the accounting department.  (Note:        a. record the investment earnings and b. record cash paid for the chair’s salary.)  Use the same      $50,000 for both entries.

               4. The fair value of the investment of the accounting chair endowment declined by $80,000.

               5. Using funds restricted for this purpose, the college purchased $150,000 of equipment for the          college athletics department.

               6. Beatty College recorded depreciation of $30,000.

               7. The annual alumni campaign yielded $1,800,000 in pledges.  The college estimated that 2% would be uncollectible.  During the year, Beatty college collected $1,500,000 on the pledges.

1.) A random sample of 25 college graduates found 18 were proficient with Microsoft Access. Determine a 95% confidence interval for the percent college graduate proficient with Microsoft Access.

Select one:

A. [0.854, 0.934]

B. 0.910, 0.978]

C. 0.544, 0.896]

D. 0.904, 0.984]

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2.)

A university dean is interested in determining the proportion of students who receive some sort of financial aid. Rather than examine the records for all students, the dean randomly selects 200 students out of total of 4100 university students and finds that 118 of them are receiving financial aid. Use a 90% confidence interval to estimate the true proportion of students who receive financial aid.

Select one:

A. 0.59 + 0.0572

B. 0.59 + 0.0553

C. 0.59 + 0.0682

D. 0.59 + 0.0659

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3.) A confidence interval was used to estimate the proportion of statistics students that are females. A random sample of 72 statistics students generated the following 90% confidence interval: (0.438, 0.642). Which of the following interpretations is correct?

Select one:

A. 90% of the sampled students are female.

B. We are 90% confidence that proportion of all statistics female students falls in the interval 0.438 to 0.642

C. 90% of all statistic students are female.

D. We are 90% confident that the sample proportion of statistics female students falls in interval 0.438 to 0.642.

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4.) The Friday after Thanksgiving is the biggest shopping day of the year. You are interested in the number of people who claim to have finished their Christmas shopping at the end of this weekend. On Monday, you take a random sample of people by standing at a toll booth at 7:00 a.m. and asking every third commuter if he or she has finished Christmas shopping. Of the 67 commuters you poll, 14 claim to have finished Christmas shopping. A 90% confidence interval of the people in the surrounding communities who have finished Christmas shopping is

Select one:

A. [0.1116, 0.3064]

B. [0.1273, 0.2907]

C. [0.0616, 0.2566]

D. None of the above is the correct answer.