Male players at the high school, college, and professional ranks use a regulation basketball that weighs on average 22.8 ounces with a standard deviation of 1.4 ounce. Assume that the weights of basketballs are approximately normally distributed. What is the probability that a regulation basketball is randomly chosen and will weigh between 19.5 and 22.5 ounces?

School boards in Nova Scotia, on average receive a budget of $623.00 per student from the provincial government. A random sample of 45 rural schools report that they received on average $605 per student with a standard deviation of $74. Is there a significant difference in the budgets between rural schools and the whole province

What is the school choice movement? Why do many people support this initiative? Why do many others oppose it? When presenting your own views on this debate, provide evidence to support your arguments and conclusions and make certain to address all aspects of the question being asked

An amount of P 250,000 is now deposited into a savings account that earns 12% compounded continuously for the school requirements of a civil engineering student on the succeeding 5 years from now. If the every year the student will withdraw P 51,651 from this account, how many years would the deposit lasts?

A school administrator is interested in a schools performance in math.  He administers a math test to a sample of 30 students and obtains a mean of 84.25.  The standard deviation of this sample was 8.4. (T Test)

26. Construct a 95% confidence interval for this data.

27. How would you interpret this confidence interval?

You have researched Muller v. Oregon and have read Supreme Court Declares School Segregation Unconstitutional in Brown v. Board of Education. Choose one of these cases and look at the impact it had on society at the time. Look through the rulings and see what the justices on each side argued.

Consider a small, isolated town in which a brewery faces the following inverse demand: ?=15−0.33?P=15−0.33Q. The brewery can produce beer at a constant marginal and average total cost of $1 per bottle.

a. Calculate the profit-maximizing quantity and price. Specify all amounts to two decimal places.

Q ≈

P ≈ $

b. Calculate consumer and producer surplus and the deadweight loss from market power.

CS = $

PS = $

DWL = $

c. If it were possible to organize the townsfolk, how much would they be willing to pay the brewery to sell beer at a price equal to its marginal cost?

$74.24

$222.71

$340.88

$148.47

d. What is the minimum payment the brewery would be willing to accept to sell beer at a price equal to marginal cost?

$148.47

$74.24

$340.88

$222.71

e. Could the townsfolk and the brewery strike a bargain? Would there by any deadweight loss if such a bargain were struck?

Yes. The townsfolk could pay the brewery an amount that lies between the amounts you specified in parts c and d. There would then be no deadweight loss.

Yes. The townsfolk could pay the brewery an amount that lies between the amounts you specified in parts c and d. There would then be a deadweight loss smaller than the deadweight loss you specified in part b.

No. The amount the townsfolk require exceeds what the brewery is willing to pay.

No. The amount the brewery requires exceeds what the townsfolk are willing to pay.

Samantha Spartan is an instructor of Accounting at the Spartan University (SU) located in Lakewood Ranch, Florida. Instructors at SU are hired on a semester by semester basis as needed and are paid as independent contractors receiving a 1099 for each semester’s work. Samantha has filed her personal 1040 using a schedule C to report income from self employment. Samantha also prepares tax returns for a number of clients and includes that income on the same schedule C as her SU income. Samanths considers all her work “accounting”.

Typically instructors like Samantha have masters degrees and a professional credential such as the CPA. These so-called “term faculty” receive contracts each semester based on student demand for classes at SU.

Samantha has been teaching at SU each fall and spring semester for four years as she has been offered a new contract for each semester (except summer) since she started teaching. Instructors like Samantha teach classes at the undergraduate level and advise students.

In addition to semester by semester faculty like Samantha SU also employs tenure track faculty at ranks Assistant, Associate and Professor. Tenure track faculty have all the responsibilities of instructors and also engage in academic research and have obligations to be involved in University and/or external professional & community service. In order to move from the instructor to the tenure track position (which leads to two-year contracts, renewable each year) Samantha would need to obtain her Ph.D. degree.

The Dean of the Business College at SU has indicated to Samantha that there will no longer be instructor positions like hers available at SU (the school is upgrading its credential requirements) and she would need to show progress toward her Ph.D. degree in order to keep working at SU and potentially become an employee in the tenure track faculty.

Samantha enrolled in the Ph.D. program at Southern State University in Atlanta and must be on campus in Atlanta two days a month for her doctoral seminars. The Dean at SU has arranged her classes so that Samantha can meet her obligations at SU and make her trips to Atlanta. Additionally, the Dean provided a letter to Samantha indicating that the requirements for teaching at SU would require a Ph.D. degree from a respected school such as Southern State.

Samantha completed her first year at Southern State and deducted her tuition ($28,000), travel costs to Atlanta ($12,000) and her books & supplies ($2,800) which included a new Surface PC required in the program.

The IRS has examined Samantha’s return and disallowed all of the deductions claimed on Samantha’s Schedule C in connection with pursuing her degree. What result?