(a) According to the law of one price, if the exchange rate between British pound and Australian dollar is £1 = $2, a laptop that is sold for £500 in London, calculate what should be the selling price of the same laptop in Sydney?

(b) After six months, if the price of the laptop in question (a) above expected to decrease from £500 to £450 in London and the price of the same laptop decreases to $810 in Sydney, calculate the 6 months forward exchange rate in pound/dollar and dollar/pound. Comment about the changes in the values of the two currencies.

(c) Given your answers to (a) and (b) above, and given that the current interest rate in Australia is 4 per cent per annum, what would you expect the current interest rate to be in UK?   

(d) If UK’s nominal interest rate is 15% and inflation rate is 5%, calculate the real interest rate in UK?

(e) You are a Manager of an international business firm in Sydney. Your firm has exported
some goods in Japan, the export earning ¥1,000,000 is receivable by next 3 month. Current
exchange rate is $1 = ¥100. You expect that the Japanese Yen may depreciate to $1 = ¥120
by the next 3 months.
Required:
(i) Explain the implication(s) to your business if Yen depreciates.

(ii) Except buying forward and using swaps, explain the collection strategy you will take to
minimize your business risk if any due to the expected change in the exchange rate.
  

Part 1. Describe the boundaries of the triangle with vertices (0, 0), (2, 0), and (2, 6). (a) Describe the boundary with the top function, bottom function, left point, and right point. (b) Describe the boundary with the left function, right function, bottom point, and top point.

Part 2. Consider the triangle with vertices (0, 0), (3, 0) and (6, 6). This triangle can be described using only one of the two perspectives presented above: top-bottom or left-right. Explain which perspective can be used and describe the region using that perspective. Write and label the boundary functions and points. If you want to use the other perspective, then you’ll have to split the shape into two different parts, each of which can be described using that perspective.

Part 3. Split the triangle in the previous exercise into two triangles. Describe each triangle as a region using the perspective you didn’t use in the previous exercise.

1. A survey about same-sex marriage used a random sample with 1200 adults. The results showed that 30% favored legal marriage, 32% favored civil unions, and 38% favored no legal recognition. Computer the right boundary at the 91% C.L. for the proportion of adults who favor the “legal marriage” position.

2. A survey about same-sex marriage used a random sample with 1200 adults. The results showed that 30% favored legal marriage, 32% favored civil unions, and 38% favored no legal recognition. Computer the right boundary at the 94% C.L. for the proportion of adults who favor the “civil union” position.

3. A survey about same-sex marriage used a random sample with 1200 adults. The results showed that 30% favored legal marriage, 32% favored civil unions, and 38% favored no legal recognition. Computer the right boundary at the 97% C.L. for the proportion of adults who favor the “no legal recognition” position.

Table 10.7 lists the mean salary, in thousands of dollars, of faculty on nine-month contracts in U.S. institutions of higher education in 2013-2014, by gender and academic rank.

(a) Suppose that gender is the explanatory variable. Identify the response variable and the control variable.

(b) Describe the bivariate relationship between gender and salary.

(c) Describe the relationship between gender and salary, controlling for academic rank.

(d) A hypothesis of interest for these variable is "Controlling for academic rank, annual salary and gender are independent." Draw a causal diagram that is consistent with this hypothesis. Refer to your interpretation inpart (c), and commeng on whether the gypthesis seems plausible.

(e) Is it possible that the overall difference between mean income of men and women could be larger than the difference for each academic rank? (It nearly is.) Explain how or how not.

Academic Rank

Question

Tesco is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues (after Wal-Mart and Carrefour) and the second-largest measured by profits Tesco House, head office in Cheshunt, Hertfordshire. (after Wal-Mart). It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around 30%), Malaysia, the Republic of Ireland and Thailand. Tesco opened its first store in Malaysia in May 2002 with the opening of its first hypermarket in Puchong, Selangor. Tesco Malaysia currently operates 49 Tesco and Tesco Extra stores.

Assume the role of a management consultant reporting to the CEO and Board of Directors at TESCO Malaysia, prepare a report based on the following questions below. In your report, address the following points:

1. Define the current strategic problems and opportunities faced by TESCO in Malaysia or in selected branches in Malaysia.

2. Analyze TESCO’s marketing and innovation strategy transformation designed to position the company on the cutting edge of consumer trends.

3. Evaluate TESCO’s strategy of developing healthy lifestyle or go green concept in Malaysia.

4. Compare and contrast the performance of TESCO with the nearest competitor of a kind in Malaysia.

5. Provide recommendations to management of TESCO on ways to improve strategically in Malaysia.

Part I - Do Students Really Cheat? (30%)

In a recent poll 400 students were asked about their experiences with witnessing academic dishonesty among their classmates. Suppose 172 students admitted to witnessing academic dishonesty, 205 stated they did not and 23 had no opinion. Use the sign test and a significance of 0.05 to determine whether there is a difference between the number of students that have witnessed academic dishonesty compared to those that have not.

In 2002 the mean age of an inmate on death row was 40.7 years with a standard deviation of 9.6 years. A sample of 32 current death row inmates shows a mean age of 38.9 years. Does this indicate that the mean age of death row inmates is less than in 2002?

In 2002 the mean age of an inmate on death row was 40.7 years with a standard deviation of 9.6 years. A sample of 32 current death row inmates shows a mean age of 38.9 years. Does this indicate that the mean age of death row inmates is less than in 2002?