A college dean is interested in the exam performance of students in a History course. After the final exam, students are randomly selected from three different section of the History course. What can be conclude with an α of 0.01? The data are below.

a) What is the appropriate test statistic?
---Select--- na one-way ANOVA within-subjects ANOVA two-way ANOVA

b) Compute the appropriate test statistic(s) to make a decision about H₀.
critical value =  ; test statistic =  
Decision:  ---Select--- Reject H0 Fail to reject H0

c) Compute the corresponding effect size(s) and indicate magnitude(s).
η² =  ;  ---Select--- na trivial effect small effect medium effect large effect

d) Make an interpretation based on the results.

At least on section differs on the final exam.None of the sections differ on the final exam.    

e) Conduct Tukey's Post Hoc Test for the following comparisons:
1 vs. 3: difference =  ; significant:  ---Select--- Yes No
1 vs. 2: difference =  ; significant:  ---Select--- Yes No

f) Conduct Scheffe's Post Hoc Test for the following comparisons:
2 vs. 3: test statistic =  ; significant:  ---Select--- Yes No
1 vs. 3: test statistic =  ; significant:  ---Select--- Yes No

A college dean is interested in the exam performance of students in a biology course. After the final exam, students are randomly selected from three different section of the biology course. What can be conclude with an α of 0.05? The data are below.

a) What is the appropriate test statistic?
---Select--- na one-way ANOVA within-subjects ANOVA two-way ANOVA

b) Compute the appropriate test statistic(s) to make a decision about H₀.
critical value =  ; test statistic =  
Decision:  ---Select--- Reject H0 Fail to reject H0

c) Compute the corresponding effect size(s) and indicate magnitude(s).
η² =  ;  ---Select--- na trivial effect small effect medium effect large effect

d) Make an interpretation based on the results.

At least on section differs on the final exam.None of the sections differ on the final exam.    

e) Conduct Tukey's Post Hoc Test for the following comparisons:
1 vs. 2: difference =  ; significant:  ---Select--- Yes No
2 vs. 3: difference =  ; significant:  ---Select--- Yes No

f) Conduct Scheffe's Post Hoc Test for the following comparisons:
2 vs. 3: test statistic =  ; significant:  ---Select--- Yes No
1 vs. 2: test statistic =  ; significant:  ---Select--- Yes No

All of this is considered one question, but I tried to seperate them. Read President George W. Bush’s State of the Union Address. Then answer the questions that follow on a separate sheet of paper.

1. What sentence states the main idea?

2. What other clues do you find to help

you identify the main idea?

3. In one sentence, state the writer’s

main point in your own words.

4. What details does the writer use to

support the main idea?

5. What does the USA Freedom Corps

seek to do?

APPLYING THE SKILL

DIRECTIONS:

Use a local newspaper or the Internet to locate an article about a volunteer organization in your community.

Identify the main idea and restate

it in your own words. Then create a list

of the details the writer uses to support

the main idea.

_

_

_

President Bush’s State of the Union

Address—January 29, 2002

None of us would ever wish the evil that was done on September the 11th. Yet after America was attacked, it was as if our entire country looked into a mirror and saw our better selves. We were reminded that we are citizens, with obligations to each other, to our country, and to history. We began to think less of thegoods we can accumulate, and more about the good we can do.

For too long our culture has said, “If it feels good, do it.” Now America is embracing a new ethic and a new creed: “Let’s roll.” In the sacrifice of soldiers, the fierce brotherhood of firefighters, and the bravery and generosity of ordinary citizens, we have glimpsed what a new culture of responsibility could look like. We want to be a nation that serves goals larger than self.

We’ve been offered a unique opportunity, and we must not let this moment pass.

My call tonight is for every American to commit at least two years—4,000 hours over the rest of your lifetime—to the service of your neighbors and your nation. Many are already serving, and I thank you. If you aren’t sure how to help, I’ve got a good place to start. To sustain and extend the best that has emerged in America, I invite you to join the new USA Freedom Corps. The Freedom Corps will focus on three areas of need: responding in case of crisis at home; rebuilding our communities; and

extending American compassion throughout the world. . . . This time of adversity offers a

unique moment of opportunity—a moment we must seize to change our culture. Through the gathering momentum of millions of acts of service and decency and kindness, I know we can overcome evil with greater good. And we have a great opportunity during this time of war to lead

the world toward the values that will bring lasting peace.

d. What are the shut-down rules for competitive firms in the short-run? Which one of them recommends temporary shut-down like re-organization and which recommends permanent exit. Why?

e. State the profit-maximizing conditions (rules) under perfect competition in the long-run.

f. What does perfect competition suggest about market efficiency? What about market fairness, equality, social justice, and all other social goals?

a. State the profit-maximizing conditions (rules) under perfect competition in the short-run.

Douglas and Pamela Frank are a married couple. They both worked for a railroad company for 30 years. At age 57, Douglas and age 52, Pamela retired and moved to the small town of Ovilla, TX, which has a population of approximately 3,500 residents. When the Franks moved to the town, they decided to start a child care business in their home called Nanna’s House.

Nanna’s House is licensed by the state. The state charges an annual fee of $225 to maintain the license. Insurance is required at a cost of $3,840 annually. The facility is licensed to care for a maximum of six children. The Franks charge a fee of $800 per month for each child. The monthly fee is based on a full day of care, from 8:00 a.m. to 4:00 p.m. If additional time is required beyond 4:00 p.m., parents must pay an additional charge of $15 per hour for each child. The couple provides two meals and a snack for the children. The cost of the meals and snack is $3.20 per child per day. There are six children currently enrolled.

The facility is very nice. It is an 820 square foot addition to their home that was built in 1964. The Franks purchased the home and completed the renovations for $79,500 and they believe the addition has a useful life of 25 years. The facility has a large open space for play, reading, and other activities. There is a section for sleeping which contains small cots. The facility is equipped with a small kitchen, two bathrooms and a small laundry area. The daycare increased the Franks’ utility cost by $50 each month.

During the first week of operations, the washer and dryer stopped working. Both appliances were old and had been used by the couple for many years. The old appliances cost a total of $440. While a laundry room was not initially a necessity, it became increasingly important for laundering the soiled clothes of the children, blankets, and sheets. A company nearby, Red Oak Laundry and Dry Cleaning, can launder clothing for the Franks, including pick-up and delivery, for $52 per month. Alternatively, the Franks can take clothes to the laundromat once a week, which is three miles away (one way). The applicable mileage rate is $0.56/mile. They can launder the clothes themselves at a cost of $8 per week. The self-service alternative does not include detergent or fabric sheets. The couple would need to purchase these items in order to use the laundromat. Purchasing laundry supplies in bulk from MegaMart would cost $35 every quarter. The final alternative is for the Franks to purchase a washer and dryer. The cost of the appliances is: washer $420 and dryer $380. The additional accessories for both appliances, needed for installation, cost $43.72. The store will deliver the appliances at a total cost of $35. The cost of installing the appliances is free. Both appliances are expected to last 8 years. According to the manufacturer the washer will increase energy costs by $120 per year. The dryer will increase energy costs by $145 per year. The Franks need some assistance in decision making and evaluation. They have contacted Emily Smith, their accountant, to provide some advice.

Requirements

Respond to the following Case Discussion Questions to help Douglas and Pamela make their decisions.

Case Discussion Questions

(If necessary, the Franks will use straight line depreciation. For monthly calculations, use 4.33 weeks

per month.)

1. Consider the different types of costs discussed in this course. List the costs discussed in the case and provide one specific example of each.

2. Based on the information provided, what information is relevant to the decision to purchase the appliances? What information is irrelevant to the decision to purchase the appliances? Why?

3. What could it cost the couple to launder clothes? Show your detailed calculations for each.

4. The couple has made a significant investment in this business. How long will it take for the couple to recoup their investment? Is the time required to recoup the investment a good measure of the success of the company? If not, how would you measure the success of the company? Explain.

5. As Emily Smith, prepare a letter to the Franks advising them on their laundry needs. What is your recommendation and why?

6. The Franks have a wait list for their daycare. They can hire an employee for $9 per hour for 40 hours each week. With the additional employee, the Franks can accept three additional children. Should the Franks hire the additional employee? Show your detailed calculations.

7. The Franks home can accommodate a maximum of nine children. They can move the daycare from their home to rented space in town, which can accommodate up to 14 children. The space will cost $650 per month and the utilities will cost $125 per month. Additionally, insurance will now cost the Franks $5,000 per year. Per state regulations, each adult can supervise no more than three children. As Emily Smith, prepare a letter to the Franks advising them on their space options. Should they continue to operate the facility at home or should they rent space in town? How many children should they accept? How many employees will they need to hire? Show your detailed calculations for each scenario.

1. What is the ratio decidendi of a case? Briefly explain the ratio decidendi of Hochster v De La Tour (1853) 118 ER 922.

2. Is a judge in the County Court of Victoria required to follow a precedent established by a judge in the High Court of Australia? Explain why the hierarchy of the various court systems is an integral part of the doctrine of precedent.

3. Barbara entered into a contract to buy a very rare piece of painting from Sonya. Sonya has had a change of heart and wants to keep the painting. Barbara is devastated. Advise Barbara whether a court is likely to order specific performance of this contract.

4. Which of the following buyers would be classified as a consumer within the meaning of section 3 of the Australian Consumer Law (ACL)? a) A baker who purchases a van for $39,990 to be used in the delivery of bread to nearby cafes. b) A jeweller who purchases a ring for $20,000 for use in their jewellery business. c) A butcher who purchases meat for use in a BBQ dinner in their home.

1. What will the inclusion of externality do to the market? Explain and use a supply and demand graph to show the impact.

Explain what subsidiaries are and the different tax treatment impacts of their use.

If there is a recession, use a supply and demand graph to explain what the Classicalists would argue will happen to get the economy to long run equilibrium. Be sure to label your graph, show changes, and explain what is happening.