While attempting to measure its risk exposure for the upcoming year, an insurance company notices a trend between the age of a customer and the number of claims per year. It appears that the number of claims keep going up as customers age. After performing a regression, they find that the relationship is (claims per year) = 0.47*(age) + 5.67. If a customer is 31 years old and they make an average of 12.02 claims per year, what is the residual?

Question 9 options:

wk 4 cs

What is your opinion or thoughts on this question below? I need a 4500-word summary including an introduction, body, sub-title, conclusion and 2-3 references. please, thank you.

The new president of Toyota, Akio Toyoda (grandson of the founder), has said, “Everyone says Toyota is the best company in the world, but the consumer doesn’t care about the world. They care if we are the best in town.” What do you think he means by that? Answer: Toyoda understands his customers.

1. A manager of the company would like to determine average delivery time of the products. A sample of 25 customers is taken. The average delivery time in the sample was four days with a standard deviation of 1.2 days. Suppose the delivery times are normally distributed.

1. Provide a 95 % confidence interval for the mean delivery time.
2. The manager claims that the average delivery time of their products does not exceed 3 days. Write the null and alternative hypothesis regarding to the claim of the manager.
3. Test the manager’s claim at 95 % confidence level.
4. Write the conclusion of your result

Arberg Company’s controller prepared the following budgeted income statement for the coming year:

Amount Descriptions

Refer to the list below for the exact wording of text items within your income statement.

Ratios and Revenue

1. What is Arberg’s variable cost ratio? What is its contribution margin ratio?

2. Suppose Arberg’s actual revenues are $29,900 more than budgeted. By how much will operating income increase?

3(a) How much sales revenue must Arberg earn to break even?

Contribution Margin Income Statement

3(b) Prepare a contribution margin income statement to verify the accuracy of your answer. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement.

Margin of Safety

4. What is Arberg’s expected margin of safety?

5. What is Arberg’s margin of safety if sales revenue is $378,000?

The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances:

The following is a summary of the transactions for the year:

The following information is available for the adjusting entries.

Accrued interest on the notes payable at year-end amounted to $3,600 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,600 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,400.

Create a Balance sheet and income statement

The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances:

The following is a summary of the transactions for the year:

The following information is available for the adjusting entries.

Depreciation for the year on the machinery is $5,400. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $7,400 paid in advance by customers, $5,700 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,300.

Mr. Jones wanted to check if there was an observable impact of a particular worksheet on his students’ test scores for Chapter 1. His idea was to test if there was a significant variation in the average test score of the class that used the worksheet in comparison to the class that did not. In the class before lunch, he used the worksheet but not the one after lunch. He has 23 students in each class. Their test scores are below:

1. Which test are you using?
2. What are your H0 (null hypothesis) and Ha (alternative hypothesis)?
3. Calculate your statistic.
4. What decision does this inform you to make and why? (You may use the critical value in the chart or the calculated p-value, but you must indicate what you are doing.)
5. Write a one to two sentence conclusion that correctly responds to the question.

Fundementals of human resource management

THE SOUTHERN WIDGET MANUFACTURING

Introduction

Founded in 2006, Southern Widget Manufacturing sets out to be the leading manufacturer of widgets in the world. Southern Widget has sales and distribution centers around the world including six centers in the US. The company is a member of the World Widget Manufacturing Association (WWMA).

Widgets are used as a display tool for several products including: PC, TV, auto parts, furniture, etc.

The Widget is a Bamboo based product making both environmentally and economically sound. Bamboo, like wood, is a natural composite material with a high strength-to-weight ratio useful for many applications Widgets it is considered one of the fastest-growing plants in the world.

Mission Statement

·       Provide a high-quality, affordable product

·       Create long term relationships with customers

·       Respond immediately to changing needs of customers

·       Achieve complete customer satisfaction

·       Improve our customer services continuously

·       Maintain excellent employee relations

·       Sustain community involvement

Vision

The vision at Southern Widget Manufacturing is to utilize our well trained and satisfied employee teams to deliver outstanding customer services.

Mission

At Southern Widget Manufacturing every person in our company is a member of the team and a team player, with expectations that they perform their duties to their fullest capacity and potential. Our objective is a commitment to the highest quality of widgets and customer service. The customer’s satisfaction is our major focus, reached through innovative and cost effective production. We will lead the Widget industry with well trained and satisfied employees and pleased customers.

Address any five of the Southern Widget Manufacturing Company following company issues: Please send to [email protected].

1)    Francisco works at Southern Widget as a welder. Although he is provided with protective goggles and a face mask, overalls and other types of protective clothing are not provided. After three months of work at Southern Widget, Francisco notices his skin becoming drier and gradually changing color. Alarmed with this development, he approaches his supervisor asking for details of the materials he works with. The supervisor declines to reveal any kind of information. What authority and laws can help Francisco file a claim?

2)    Virginia's boss, Luke, constantly uses sexually explicit language while communicating with his female subordinates. Though many female employees are bothered with this behavior, no one has ever complained for fear of negative repercussions. However, Virginia files a complaint against Luke with the Equal Employment Opportunity Commission (EEOC). Will this be considered as discriminatory behavior? Why or why not? Explain the prohibitions under Title VII for related behavior.

3)    Policy 137: The paint booths contain many toxic chemicals and are possibly harmful to unborn fetuses. In an abundance of caution Southern Widget will not allow its female employees of child bearing age to accept a position in the painting area. Employees working in the paint area make $5.00 more than other production employees. Is this considered discrimination, what is this called? Explain

4)    Southern Widget employees are being asked for their opinion on which type of insurance they would like to have. The choices are HMO or PPO. Explain the difference as they differ from traditional health care providers? Pretend you are an employee and give you choice, explain.

5)    You have been asked to write a FLSA policy. Be sure to include the three major parts as it might relate to Southern Widget.

6)    Thomas a Production Foreman was terminated. He has filed a Company grievance. On April 2, Thomas was told to open discharge valves into the Mississippi River which he refused to do. Additionally, he has been told by the company President, with witnesses, that he was such a good employee he had a job for life. Southern Widget’s rebuttal is that he refused a direct order and the company’s policy clearly state, that there are no contract employees. Does he have a case on either point? Discuss and serve as the arbitrator with the decision.

7)    John, the company Custodian, was in a horrific car accident as a child but has fully recovered from his injuries and is considered a very healthy individual. During the accident, John was burned and still has several facial scars that have disfigured his face. Many employees at John's company stare as he walks by and get distracted by his appearance. Is John protected by the ADA? Explain.

8)    The Widget Operators Local Unions 621 filed a petition to have Southern Widget create an alternative dispute resolution, including the most common techniques. Is that a good idea for the company, if so, what how should it include?

9)    Southern Widget is preparing to announce a new compensation system. Before the system goes live, as the HR Training Supervisor, you are required to do a company training on what goes into a compensation system. You will need to explain and discuss issues like: job structure, pay levels, motivation, cost control, etc.

10) As a future Supervisor what did you learn about Human Resources that you did not know before taking this course? What will you do to include this knowledge in your supervisory role?