Angels Inc. is considering bringing the garage fabrication process (which is currently outsourced) in-house. If garage fabrication were brought in-house, the factory would be structured as follows. Roofs are punched in a roof punching press (10 minutes per roof) and then formed in a roof forming press (5 minutes per roof). Bases are punched in a base punching press (10 minutes per base) and then formed in a base forming press (15 minutes per base), and the formed base is welded in a base welding machine (5 minutes per base).

The base sub-assembly and the roof then go to final assembly where they are welded together (10 minutes per garage) on an assembly welding machine to complete the garage. Assume one operator at each station.

(a)What is the minimum time required to produce a garage (from starting an order to finishing it)?

(b)What is the capacity of the factory in terms of garages per hour?

(c)If you want to increase the capacity, what is the stage that you would put some additional resources?

NPVlong dash—Mutually

exclusive projects   Hook Industries is considering the replacement of one of its old metal stamping machines. Three alternative replacement machines are under consideration. The relevant cash flows associated with each are shown in the following​ table:

LOADING...

. The​ firm's cost of capital is

8​%.

a.  Calculate the net present value

​(NPV​)

of each press.

b.  Using​ NPV, evaluate the acceptability of each press.

c.  Rank the presses from best to worst using NPV.

d.  Calculate the profitability index​ (PI) for each press.

e.  Rank the presses from best to worst using PI.

a. The NPV of press A is

​$nothing.

Initial investment  

$85,100   $59,700   $130,200
Year          
1   $18,500   $12,000   $50,100
2   $18,500   $13,700   $30,000
3   $18,500   $15,700   $20,200
4   $18,500   $17,700   $19,700
5   $18,500   $19,700   $19,900
6   $18,500   $25,300   $30,000
7   $18,500   $0   $40,200
8   $18,500   $0   $50,300

  ​(Round to the nearest​ cent.)

An exercise science major wants to try to use body weight to predict how much someone can bench press. He collects the data shown below on 30 male students. Both quantities are measured in pounds.

a) What type of association does there appear to be between these two variables?
Solved Answer: positive association

b) Compute a 95% confidence interval for the average bench press of 150 pound males. What is the lower limit? Give your answer to two decimal places.

c) Compute a 95% confidence interval for the average bench press of 150 pound males. What is the upper limit? Give your answer to two decimal places.

d) Compute a 95% prediction interval for the bench press of a 150 pound male. What is the lower limit? Give your answer to two decimal places.

e) Compute a 95% prediction interval for the bench press of a 150 pound male. What is the upper limit? Give your answer to two decimal places.

Please provide formulas used for the confidence intervals and prediction intervals and standard error. Thank you!

A 67-year-old man with emphysema who has had to come to radiol-ogy for a chest x-ray is angry. He says he just had a chest x-ray done last week at another doctor's office and your office should have the films by now. "Clearly, all of you here are incompetent," he tells you in a nasty voice. He's angry because of the inconvenience to his life. He also says that you and the people you work with don't care how much radiation he's exposed to through the process. All of these x-rays will give him lung cancer if he doesn't get it from 30 years of smoking. Briefly explain the appropriate way to manage this angry patient.

2. A 17-year-old boy has arrived for a follow-up appointment with the urologist in your practice. The boy is here to receive the results of tests he has undergone to rule out testicular cancer. The boy is clearly ridden with anxiety and unable to interact with anyone in the practice without bursting into tears. Briefly explain the appro-priate way to manage this anxious patient.

Valuation: Stock Valuation

Before Regional Bank was bought by Bank of America, Tina Brown was considering the purchase of Regional Bank's common stock. Given Regional Bank's recent merger with the Southeastern powerhouse, Bank South, and talks of penetration into the Florida market via a takeover of Barnett Bank, Tina felt Regional Bank would be a solid "buy and hold" as it continued to increase its market share through aggressive growth by acquisition.

While Tina was convinced she wanted to own Regional Bank, with all the price volatility surrounding the recent speculations, she was not sure if the price was above or below the stock's intrinsic value. She decided to derive the price of Regional Bank's common stock by using the Gordon Growth Model (Constant Growth Model).

To use the Gordon Growth Model, Tina had to first calculate Regional Bank's required rate of return on their common stock. The risk free rate, as proxied by the yield on a three month Treasury Bill, was 6%. The return on the market, as proxied by the return on the Standard and Poor's 500 (S&P 500), was 10%. Nations Bank had a beta of 1.75.

Past dividend payments also had to be known. Tina was not sure how far back into the future she should go to retrieve the dividend payment information, so she arbitrarily stopped in 1987. Between 1987 and 1990, Regional Bank seemed to have very different payout amounts. Not fully understanding the reasons behind these differences, Tina decided to consider two periods for analysis: from 1987-1995 and from 1990-1995. The dividend information that Tina recovered is shown below in Table 1.

Table 1

Questions

1. Consider the first time period from 1987-1995. Use the Gordon Growth Model to determine the price of Nations Bank's common stock.
2. Consider the second time period from 1990-1995. Use the Gordon Growth Model to determine the price of Nations Bank's common stock.
3. The answers for questions 2 and 3 are very different. What does this indicate, in general, about the Gordon Growth Model? (Hint–The observed market price of Nations Bank's common stock is $70.25.)
4. What effect does the stock's required rate of return have on the calculation of its stock price when using the Gordon Growth Model?
5. If you felt that Nations Bank's last year dividend of $2.00 was going to be paid in that constant amount throughout the remainder of the company's life (i.e. zero growth), what would be the value of the stock today?
6. Based on your response to question 6, what is the relationship between the present value of a dividend paid one year from now, a dividend paid ten years from now and a dividend paid one hundred years from now?

English Literature Question

Who do you think is the antagonist of The Art of Fielding? The antagonist becomes more complex with more complex stories and plots. The "villian" can be a person/group of people/situation/circumstance, etc. Who or what best fits this description in the novel?

2. A. (i) Distinguish between character and characterization

(ii) Select two (2) of the following characters and show their significant roles in the novel Weep not, Child. (a) Njoroje (b) Ngotho (c) Jacobo

B. To what extent can the drama Edufa be described as an African Tragedy?

Explain

Question 1 (1 point)

A correlation of r = +0.7 between gender and height for a sample of adults.

Question 2 (1 point)

We select a sample of 50 days throughout the calendar year. A correlation of r = −1 between number of slurpees (a frozen beverage) sold at 7-Eleven and number of cups of hot chocolate sold at the same store.

Question 3 (1 point)

Select a sample of novels. A correlation of r = +0.8 between number of pages in a novel and time it takes to read the novel.

Question 4 (1 point)

Select a sample of marathon runners. Let X = time it takes a runner to finish the race and Y = number of competitors who finish ahead of the runner.

A correlation of r = −0.8 between X and Y.

Volta is an international manufacturer of electric cars, and plans for a worldwide launch of its cars in 2020. Before doing so, Volta has asked you to advise it as to the general law on intellectual property. Secondly, Volta wishes to patent its (first in the world and novel) clean energy engine in Malaysia. Can it do so?

a) Advise how Volta specifically can patent its (first in the world and novel) clean energy engine. [10 marks]

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You are the Head of IT Security at a financial institution in Malaysia. Due to the rise in cyber crime in recent years, you have been asked to prepare a plan of action to combat phishing (for online transaction services provided by the financial institution).

a) How can phishing affect the financial institution? [10 marks]

b) How can the financial institution clients avoid being affected by phishing? [10 marks]