My opinion about topic, group and presentation

My opinion about topic :

This subject very interesting and useful for me. I have been wanting to study this field for a long time but due to I was busy at university and so on, I could not. When I saw this subject on the table, I was surprised and chose to read and make report for it. Such studies, which paly an important role in my life, are very important for me. in addition to studying, also occasionally work in business like buying and selling flowers online. So this study help me to understand my work as much as possible.

My opinion about group :

I think I had a very good group( Ahsan, Abdelhamid and me). As the members of group followed all the necessary rules, there was no annoyance. The most important rule is respect to each other is that we all followed. The team did things on time and we all helped each other to give a very good presentation. My opinion about presentation : The only problem we had was how we going to present online. Since this was the fist time so strange to us. Since the teacher activated all necessary voting options for us on the blackboard, all our worries were resolved and we tried our best to present the presentation.

Requirement : Correct this text

Which of the following scenarios contain nonbiased samples? Select all that apply. Select all that apply: To estimate the mean height of students at her school, Kelly collects data by selecting a random group of students within her classroom. Elizabeth wants to estimate the mean grade point average of students at her school. She collects data by recording the grade point average of every 25th student on the list of students after a randomly selected first student. Andrew wants to estimate the mean number of classes that students take at his university. He collects data from a randomly selected proportionate number of students from each grade level. To estimate the mean salary of professors at his university, Homer collects data by recording the salaries of all professors included in 12 randomly selected departments.

A nationwide survey of college students was conducted and found that students spend two hours per class hour studying. A professor at your university wants to determine whether the time students spend at your university is significantly different from the two hours. A random sample of 36 statistics students is carried out and the findings indicate an average of 1.75 hours. Assume a populatoin standard deviation of 0.5 hours. Using a level of significance of 0.05:

1. Construct a 95% confidence interval for the population mean.

2. Using a level of significance of 0.05: a. What is Ho and H1? b. What is the Decision Rule? c. What is the computed value of the test statistic? d. What is the decision regarding Ho? What can we conclude? e. Compute and Interpret the p-value.

3. Are the results from the confidence interval and hypothesis testing consistent? Should they be? Justify your answer.

Actions for Discussion Activity #5 Assume the following planned changes in (market) prices: (i).A State (Public) University you are currently attending has decided to raise tuition by 10% next semester. (ii). The Parking department at the university will increase the parking fee for the guaranteed but limited parking space on campus by 20% next academic year. Your home town (where you commute from) is 25 miles away from campus. (iii). The Campus bookstore will increase the prices of new textbooks, which you are required to buy, by 25%, next semester. (iv) . Your favorite restaurants down town will raise their menu prices by 10%, next month. Assuming that you have a limited (fixed) amount of income, Indicate how you are likely to respond to the above price changes? Briefly explain whether (your) demand is “elastic” or "inelastic” ,in each of the above cases?

Researchers equipped random samples of 46 male and 58 female students from a large university with a small device that secretly records sound for a random 30 seconds during each 12.5-minute period over two days. Then they counted the number of words spoken by each subject during each recording period and, from this, estimated how many words per day each subject speaks. The female estimates had a mean of 16,177 words per day with a standard deviation of 7520 words per day. For the male estimates, the mean was 16,569 and the standard deviation was 9108. Do these data provide convincing evidence of a difference in the average number of words spoken in a day by male and female students at this university?

a) What is the critical value for this test?

b) What is the p-value for this test?

c) What is the test statistic for this test?

d) What is the decision for this test?

Hooters, Inc.: A Macro-Marketing Evaluation

All economies must have a macro-marketing system. The economies may take many forms, but all must have some way of deciding what and how much is to be produced and distributed by whom, when, and for whom.

Our macro-marketing system is basically a market-directed economy. The key decisions are made fairly automatically and democratically, through the micro-level decisions made by individual producers and consumers. Together these individual decisions determine the macro-level decisions and provide direction for the whole economy.

Does our macro-marketing system work in an efficient and fair way that achieves our social objectives? This question is very subjective, and we usually analyze the performance of our marketing system in terms of how well it satisfies consumer needs, as consumers see them. But remember, not all consumers have the same needs!

The marketing concept suggests that a firm should try to satisfy the needs of some consumers (at a profit). But, what is "good" for some producers or consumers may not be "good" for society as a whole. This is the "micro-macro dilemma." It means that in running our macro-marketing system some compromises must be made to balance the needs of society and the needs of individual producers and consumers. Making these compromises and still protecting individual freedom of choice is not easy. This exercise will help you understand the difficulty of resolving micro-macro dilemmas.

In this exercise, please read the mini-case and answer the questions that follow.

Founded in 1983, Hooters of America, Inc. is the franchiser of over 455 locations spread throughout forty-four states in the United States and twenty-eight countries and territories worldwide. The company employs more than 25,000 people, of which 17,000 are Hooters Girls.

While often credited with popularizing the concept of "hot wings," Hooters is also known for the costumes of its female employees. According to the company's website, "The element of female sex appeal is prevalent in the restaurants, and the company believes the Hooters Girl is as socially acceptable as a Dallas Cowboy cheerleader, Sports Illustrated swimsuit model, or a Radio City Rockette."

Over the years, the company has faced several sexual harassment lawsuits and in 1991, the Equal Opportunity Employment Commission initiated an investigation into the hiring practices of the company. While the investigation was ultimately discontinued, many consumers argue that the company exploits beautiful women. The terms "demeaning" and "degrading" were used by members of the general public when CEO Coby Brooks went undercover in an episode of Undercover Boss. While those terms were disturbing to him, the arguments certainly were not new and, as the company website states, "To Hooters, the women's rights movement is important because it guarantees women have the right to choose their own careers, be it a Supreme Court Justice or Hooters Girl."

Yet, many persist in their perception that the company basically exists to take advantage of a woman's economic vulnerability and a man's stupidity. Since the airing of the Undercover Boss episode, some minor protests have occurred at the opening of new Hooters sites. In the extreme, some consumer groups have petitioned to have the store openings blocked. In a down economy, some see such protests as a problematic due the potential jobs that would be lost.

2.

value:
3.00 points

1-How does the "sex appeal" format of Hooters affect society's views of women?

A-Reflects existing social values in the short run

B-Does not reinforce these values in the long run

C-Focuses on unsubstantiated wants

D-Forces men to behave as dummies

E-Forms societal values which did not exist before

3.

value:
3.00 points

2-What parties would NOT be negatively affected by the successful blocking of a new store opening?

A-Hooter’s Girls

B-Hooter’s shareholders

C-Consumer groups

D-CEO Coby Brooks

E-Current customers

4.

value:
3.00 points

3-If Hooters of America attempted to completely redesign its brand based on the criticisms of some consumers to become a more wholesome, family-oriented business, what would be its best overall strategy?

A-It should rely on word-of-mouth and social media to show consumers how it has changed.

B-It should raise prices and make it harder for consumers to choose.

C-New advertising could suggest that consumers will not need to be manipulated into buying Hooters products.

D-Hooters would need to develop a new competitive advantage.

5.

value:
3.00 points

1-Sex appeal has a very strong influence in advertising and promotion. Critics of Hooter’s advertising likely believe which of the following statements?

A-Hooter’s advertising reduces economies of scale in marketing.

B-Hooters uses clever ads to manipulate men into buying its products.

C-Women are economically empowered through Hooters advertising.

D-Advertising lowers Hooter’s prices and thus harms society.

E-Hooter’s advertising has a positive effect on the economy.

6.

value:
3.00 points

6-Marketing systems are evaluated on the macro level for _______ and on the micro level for ________.

A-general profitability; how individual firms gain or lose profits

B-how consumer needs are satisfied; overall effect on society

C-overall effect on society; how consumer needs are satisfied

D-overall effect on the global market; limited effect on the U.S. market

President Trump passed an executive bill, banning Chinese airplanes from landing in America, and Chinese Post Graduate students from studying in America. As Chinese tourists and students contribute greatly to the US economy, how do you think this law by President trump will affect US productivity and economic growth? Comment particularly on human capital, physical capital, technology, natural resources, and labour

Plot the unemployment rate in the US from 1980-2016 (Hint: Use the FRED web site). What is the average unemployment rate in this period? What is the most recent unemployment rate in the US?

Plot the percentage change (yearly) in the unemployment rate and the percentage change (yearly) in the real GDP from 1980-2016. What is the relationship between the fluctuations in the unemployment rate and the fluctuations in the real GDP?

A currency speculator expects the spot rate of British Pounds(GBP) to change from $2.00 to $2.20 in 6 months. Assume the speculator has access to credit lines of USD 20,000,000 in the US and GBP 10,000,000 in UK. The annual borrowing and lending Rates are 6 percent in the US and 4 percent in UK. In order for the speculator to take advantage from the expected spot rate change in GBP, it should?

. Why does Porsche hedge its foreign exchange exposure? Does it make sense, from the perspective of shareholders, for Porsche to hedge? Does it make sense from management’s perspective? Are there potential differences in interest between management and shareholders regarding the hedging policy? 2. Suppose it is end of November 2007, and Porsche reviews its hedging strategy for the cash flows it expects to obtain from vehicle sales in North America during the calendar year 2009. Assume that Porsche entertains three scenarios: The expected volume of North American sales in 2009 is 32,750 vehicles. The low-sales scenario is 30% lower than the expected sales volume, and the high-sales scenario is 30% higher than the expected sales volume. Assume, in each scenario, that the average sales price per vehicle is $90,000 and that all sales are realized at the end of November 2009. All variable costs incurred by producing and shipping an additional vehicle to be sold in North America in 2009 are billed in € and amount to €60,000 per vehicle. Characterize how Porsche’s € cash flows, net of variable costs, obtained from its North American sales depend on the spot exchange rate that prevails at the end of November 2009, if: a. Porsche does not hedge its currency exposure at all; b. Porsche hedges by selling forward US$ equal to the amount of expected 2009 sales with a two-year forward contract; c. Porsche hedges by buying two-year European at-the-money put options on US$ (providing to Porsche the right to sell US$, receiving €, at the strike exchange rate) in sufficient quantity to have the right to sell an amount of US$ equal to expected 2009 sales. 3. Based on your analysis of question 2, what’s your view on the foreign exchange hedging strategy and the hedging instruments chosen by Porsche? If you were Porsche’s CEO, would you implement a different strategy? If yes, why? If no, why not? 4. How might Porsche’s ownership structure influence the hedging strategy pursued by management? 5. Do you think Porsche’s strategy of using options to acquire a stake in VW (instead of buying stocks directly) is a sensible one? Or do you agree with the critics who argued that Porsche was speculating with shareholders’ money and that it had become a “hedge fund” that neglected its core business?