For the dataset Production Count.xlsx. Is there evidence at a 5% significance level that the mean production count for factory workers is greater after attending a seminar than before? Highlight the P-value and interpret your result.
| Worker | Before Count | After Count |
| 1 | 20 | 22 |
| 2 | 25 | 28 |
| 3 | 27 | 27 |
| 4 | 23 | 26 |
| 5 | 22 | 25 |
| 6 | 20 | 19 |
| 7 | 17 | 18 |
| 8 | 27 | 29 |
| 9 | 20 | 22 |
| 10 | 26 | 24 |
| 11 | 26 | 23 |
| 12 | 20 | 31 |
| 13 | 18 | 24 |
| 14 | 23 | 19 |
| 15 | 17 | 21 |
| 16 | 23 | 35 |
| 17 | 20 | 28 |
| 18 | 23 | 29 |
| 19 | 18 | 20 |
In: Statistics and Probability
A researcher is interested in studying whether a new stretching technique affects the time needed to complete a certain running exercise. The times of 4 randomly selected participants were measured before the new stretching technique was used, and then the times for the same participants were measures after the new technique was used. The resulting data is
| before new technique | 58 | 70 | 61 | 63 |
| after new technique | 65 | 53 | 58 | 52 |
Is there a significant difference between the mean times with and without the new stretching technique?
1) What are the appropriate competing hypotheses?
2) What is the value of the test statistics?
3) What are the appropriate degrees of freedom?
4) What id the rejection region
5) p-value
6) test decision
In: Statistics and Probability
Test the given claim about the means of two populations. Assume
that two dependent samples have been randomly selected from
normally distributed populations. A test of abstract reasoning is
given to a random sample of students before and after they
completed a formal logic course. The results are given below. At
the 0.05 significance level, test the claim that the mean score is
not affected by the course. Include your null and alternative
hypotheses, the test statistic, P-value or critical value(s),
conclusion about the null hypothesis, and conclusion about the
claim in your answer.
| Before | 74 | 83 | 75 | 88 | 84 | 63 | 93 | 84 | 91 | 77 |
| After | 73 | 77 | 70 | 77 | 74 | 67 | 95 | 83 | 84 | 75 |
In: Statistics and Probability
Cost of debt using both methods (YTM and the approximation formula) Currently, Warren Industries can sell 15 year, $1000-par-value bonds paying annual interest at a 8% coupon rate. Because current market rates for similar bonds are just under 8%, Warren can sell its bonds for $1030 each; Warren will incur flotation costs of $20 per bond. The firm is in the 29% tax bracket.
a. Find the net proceeds from the sale of the bond, Upper Nd.
b. Calculate the bond's yield to maturity (YTM) to estimate the before-tax and after-tax costs of debt.
c. Use the approximation formula to estimate the before-tax and after-tax costs of debt.
In: Finance
Locomotive Corporation is planning to repurchase part of its
common stock by issuing corporate debt. As a result, the firm’s
debt–equity ratio is expected to rise from 35% to 50%. The firm
currently has $3.1 million worth of debt outstanding. The cost of
this debt is 6.7% per year. Locomotive expects to earn $1.075
million per year in perpetuity. Locomotive pays no taxes.
a. What is the market value of Locomotive Corporation before and
after the repurchase announcement?
b. What is the expected return on the firm’s equity before the
announcement of the stock repurchase plan?
c. What is the expected return on the equity of an otherwise
identical all-equity firm?
d. What is the expected return on the firm’s equity after the
announcement of the stock repurchase plan?
In: Finance
In: Computer Science
Microsoft has an equity value of $250B, but has only $10B in debt. Management decides they’d like to increase the D/(D+E) ratio to 40% and use the proceeds to repurchase shares of equity, i.e. a leveraged recapitalization.
a) Before the recapitalization, the debt is considered risk-free
and the equity has a beta of 1.13; afterwards, the debt beta
becomes 0.3. How much debt does Microsoft issue? By how much has
this restructuring changed the riskiness of equity in Microsoft,
i.e. what is
the equity beta after the recapitalization?
b. If the risk-free rate is 3% and the expected market return is
9%, what are the expected
returns to equity holders before and after the
recapitalization?
Please answer all parts of this question.
In: Finance
Cost of debt using both methods (YTM and the approximation formula) Currently, Warren Industries can sell 10-year, $1,000-par-value bonds paying annual interest at a 8% coupon rate. Because current market rates for similar bonds are just under 8%, Warren can sell its bonds for $990 each; Warren will incur flotation costs of $35 per bond. The firm is in the 27% tax bracket.
a. Find the net proceeds from the sale of the bond, N Subscript d.
b. Calculate the bond's yield to maturity (YTM) to estimate the before-tax and after-tax costs of debt.
c. Use the approximation formula to estimate the before-tax and after-tax costs of debt.
In: Finance
The next 7 questions are related to the titration of 60.0 mL of a 0.0250 M Zn2+ solution with 0.0600 M EDTA in a solution buffered at pH 9. Assume that the temperature is 25 oC and that the formation constant for Zn2+ is 3.13 x 1016 at this temperature. How many mmols of Zn2+ are present in the solution before the titration begins? What volume of the EDTA solution is needed to reach the equivalence point? What is the conditional formation constant for Zn at this pH? What is the pZn of the analyte solution before the titration begins? What is the pZn of the solution after 15 mL of titrant have been added? What is the pZn at the equivalence point of the titration? What is the pZn of the solution after 30 mL of titrant have been added?
In: Chemistry
Sigma plc’s income statement for the year ended 31 March 2020 and the statements of financial position as at 31 March 2019 and 2020 are provided below.
|
Income Statement for the year ended 31 March 2020 |
|
|
£m |
|
|
Revenue |
600 |
|
Cost of Sales |
(360) |
|
Gross Profit |
240 |
|
Administrative expenses |
(90) |
|
Distribution expenses |
(60) |
|
Operating Profit (PBIT) |
90 |
|
Interest income |
12 |
|
Interest expense |
(36) |
|
Profit before Tax |
66 |
|
Taxation |
(15) |
|
Profit for the year |
51 |
|
Statements of Financial Position as at 31 March: |
|||
|
2019 |
2020 |
||
|
£m |
£m |
||
|
Non-Current Assets |
|||
|
Property, Plant & Equipment (PPE) |
600 |
648 |
|
|
Current Assets |
|||
|
Inventories |
144 |
122 |
|
|
Trade Receivables |
85 |
258 |
|
|
Bank |
75 |
- |
|
|
Total Current Assets |
304 |
380 |
|
|
Total Assets |
904 |
1,028 |
|
|
Equity |
|||
|
Ordinary Share Capital of £1 each |
500 |
600 |
|
|
Share Premium |
- |
50 |
|
|
Retained Earnings |
40 |
66 |
|
|
Total Equity |
540 |
716 |
|
|
Non-Current Liabilities |
|||
|
Borrowings - loan notes |
240 |
150 |
|
|
Current Liabilities |
|||
|
Trade payables |
80 |
96 |
|
|
Bank |
- |
18 |
|
|
Interest payable |
24 |
30 |
|
|
Taxation |
20 |
18 |
|
|
Total Current Liabilities |
124 |
162 |
|
|
Total Equity & Liabilities |
904 |
1,028 |
|
Additional information for the year ended 31 March 2020 were as follows:
REQUIRED
In: Accounting