A survey of MBA graduates of a business school obtained data on the first-year salary after graduation and years of work experience prior to obtaining their MBA. The data are given in excel.

1. Run the regression analysis (Include all options). Report the least squares regression line. Give the 95% confidence interval for the least squares estimate of the slope. Report the correlation coefficient. Interpret.  Report the coefficient of determination. Interpret. and  Use the ANOVA output and write out the hypothesis being tested, the test statistic, the critical value, p-value, and fully write out the conclusion.

Compute in excel

A college admission officer for an MBA program determines that historically candidates have undergraduate grade averages that are normally distributed with standard deviation of .45. A random sample of 25 applications from the current year yields a sample mean grade point average of 2.90. (i) Find a 95% confidence interval for the population mean, μ. (Round the boundaries to 2 decimal places.) (ii) Based on the same sample results, a statistician computes a confidence interval for the population mean as 2.81< μ < 2.99. Find the α for this interval and the probability content (1- α) as well. (Round to 4 digits.) (Note: the correct α is a higher number than traditional α used; so don’t worry if your number “looks” wrong!) Hint: first calculate α/2 using either the lower bound (2.81) or upper bound (2.99); then calculate α. Finally, calculate the probability content of the interval, which is (1- α). And make sure you use the standard error, not the standard deviation, to calculate α/2.

his questions comes under MBA 5005 in a question for a paper. Legal and Ethical Challenges in a Multinational Organization. identify potentional ethical issues and propose recommendations legal and ethical. have 10 part question and stuck on a few of these questions and Scenarios.

Scenarios 4: A Walexron employee, Lou Scannon, leaked the findings of the safety study to the public and a consumer watchdog group. In a press conference called by Scannon, Lou explanined the safety testing process for the Ranger Helicopter and results in details. Walexron hired Scannon as Director of Purchasing in 2012 and offered him a five year contract. In January 2013, Scannon verbally agreed to a confidentiality provision as an addition to his 5-year written employment contract.

Question: Is the Confidentiality provision within Scannon's employment contract valid?

In a large population of people, some individuals are infected with a rare disease and some are not. Let POS represent the event that an individual is infected, and let NEG represent the event that an individual is not infected.  

A blood test can be administered to try to find out whether an individual is infected. Let represent the event that the test result is positive [i.e., the test indicates that the individual is infected] and let represent the event that the test result is negative [i.e., the test indicates that the individual is not infected].

The blood test is not perfectly accurate. It gives incorrect results with the following probabilities:

If a person really is infected, the test result is positive 99.9 percent of the time, and the test result is negative 0.1 percent of the time.

If a person really is not infected, the test result is negative 99 percent of the time, and the test result is positive 1 percent of the time.  

Suppose that 0.6 percent of all individuals in the population are infected with the disease (i.e., if one member of the population is chosen randomly, there is a probability of 0.006 that s/he will be infected),.

a) If one member of the population is selected randomly to take the blood test, what is the probability that the result will be positive?

b) Suppose one member of the population is selected randomly to take the blood test and that the test result is positive. Given this test result, what is the probability that the individual tested really is infected with the disease?

c) Does your answer to (b) raise any questions in your mind about whether testing randomly chosen individuals for rare diseases would produce useful information?

d) Suppose that one member of the population is selected randomly, and is given the blood test twice. Let represent the event that the result of the first test is positive, and let represent the event that the first test is negative. Similarly, let represent the event that the result of the second test is positive, and let represent the event that the second test is negative.

If an infected person is given this test twice:

-- the first test result is positive 99.9 percent of the time and negative 0.1 percent of the time

-- the second test result is positive 99.9 percent of the time and negative 0.1 percent of the time, regardless of the outcome of the first test

If a person who is not infected is given this test twice:

-- the first test result is negative 99 percent of the time and positive 1 percent of the time

-- the second test result is negative 99 percent of the time and positive 1 percent of the time, regardless of the outcome of the first test

[Something like this might be the case if errors in the results of the test were due to random mistakes made in the labs that do the testing, rather than an inherent characteristic of the individual being tested.]

Suppose a randomly selected member of the population has been given the test twice, and that both results were positive. Given these test results, what is the probability that the individual really is infected?

e) In the two-test scenario described in part (d) of this problem, are the events and independent? Your answer should be based on the definition of statistical independence, not just a loose verbal argument.

In a large population of people, some individuals are infected with a rare disease and some are not. Let POS represent the event that an individual is infected, and let NEG represent the event that an individual is not infected.  

A blood test can be administered to try to find out whether an individual is infected. Let represent the event that the test result is positive [i.e., the test indicates that the individual is infected] and let represent the event that the test result is negative [i.e., the test indicates that the individual is not infected].

The blood test is not perfectly accurate. It gives incorrect results with the following probabilities:

If a person really is infected, the test result is positive 99.9 percent of the time, and the test result is negative 0.1 percent of the time.

If a person really is not infected, the test result is negative 99 percent of the time, and the test result is positive 1 percent of the time.  

Suppose that 0.6 percent of all individuals in the population are infected with the disease (i.e., if one member of the population is chosen randomly, there is a probability of 0.006 that s/he will be infected),.

a) If one member of the population is selected randomly to take the blood test, what is the probability that the result will be positive?

b) Suppose one member of the population is selected randomly to take the blood test and that the test result is positive. Given this test result, what is the probability that the individual tested really is infected with the disease?

c) Does your answer to (b) raise any questions in your mind about whether testing randomly chosen individuals for rare diseases would produce useful information?

d) Suppose that one member of the population is selected randomly, and is given the blood test twice. Let represent the event that the result of the first test is positive, and let represent the event that the first test is negative. Similarly, let represent the event that the result of the second test is positive, and let represent the event that the second test is negative.

If an infected person is given this test twice:

-- the first test result is positive 99.9 percent of the time and negative 0.1 percent of the time

-- the second test result is positive 99.9 percent of the time and negative 0.1 percent of the time, regardless of the outcome of the first test

If a person who is not infected is given this test twice:

-- the first test result is negative 99 percent of the time and positive 1 percent of the time

-- the second test result is negative 99 percent of the time and positive 1 percent of the time, regardless of the outcome of the first test

[Something like this might be the case if errors in the results of the test were due to random mistakes made in the labs that do the testing, rather than an inherent characteristic of the individual being tested.]

Suppose a randomly selected member of the population has been given the test twice, and that both results were positive. Given these test results, what is the probability that the individual really is infected?

e) In the two-test scenario described in part (d) of this problem, are the events and independent? Your answer should be based on the definition of statistical independence, not just a loose verbal argument.

1-A(n) ____ system is the methods and procedures for collecting, classifying, summarizing, and reporting a business's financial and operating information.

a.operations

b.accounting

c.fiduciary

d.auditing

2-Which of the following is not one of the three phases needed when changing an accounting system, either in its entirety or in part?

a.analysis

b.review

c.design

d.implementation

3-The three phases of setting up an accounting system in correct order are

a.implementation, design, analysis

b.design, analysis, implementation

c.design, implementation, analysis

d.analysis, design, implementation

4-After an accounting system has been set up, what is the next step?

a.Implement analysis and design.

b.Create the chart of accounts.

c.Obtain input from users to analyze and improve the system.

d.Set up internal controls.

5-The means by which the accounting system collects, summarizes, and reports accounting information is called information

a.processing methods

b.accounting methods

c.control methods

d.reporting methods

6-The subsidiary ledger that includes customer account activity is called the

a.accounts payable ledger

b.asset ledger

c.accounts receivable ledger

d.expense ledger

7-At the end of the month, the total of the amount column of the revenue journal is posted as a

a.debit to Cash and a credit to Accounts Payable

b.debit to Cash and a credit to Fees Earned

c.debit to Accounts Receivable and a credit to Fees Earned

d.debit to Accounts Receivable and a credit to Cash

8-When there are a large number of individual accounts with a common characteristic, it is common to place them in a separate ledger called a(n)

a.subsidiary ledger

b.general ledger

c.group ledger

d.income statement ledger

9-A purchase of supplies on account is recorded in the

a.purchases journal

b.revenue journal

c.general journal

d.cash payments journal

10-Segment data

a.is only useful by product line

b.is gathered from invoices entered into the accounting system

c.can be used for vertical, but not horizontal analysis

d.analysis is required by GAAP

11-Which of the following is not an area where the Internet is used for business purposes?

a.supply chain management

b.business cycle management

c.customer relationship management

d.product life-cycle management

12-

Computerized accounting systems

a.improve the timeliness of reporting

b.prevent all journalizing errors

c.are only used in medium and large businesses

d.provide a tedious form of record keeping

13-

The total on the "Cash Receipts" report generated by QuickBooks® software at January 31 would be equal to the

a.total of the Cash Dr. column of the cash receipts journal in a manual system

b.total revenue earned for the month of January

c.balance in Accounts Receivable at January 31

d.total of the purchases journal on January 31

14-

A basic manual accounting system includes all of the following except a

a.computer on which the system runs

b.chart of accounts

c.two-column journal

d.general ledger

class: Derivative Securities

. Company X wishes to borrow US dollars at a fixed rate of interest. Company Y wishes to borrow Japanese Yen at a fixed rate of interest. The amount required by the two companies is the same at current exchange rate. The companies are subject to the following interest rates:

Design a swap that will net a bank, acting as intermediary, 30 basis points per annum and will appear equally attractive to X and Y.

Q5. Briefly explain Delta, Theta, Gamma, and Vega.

Background

StellenTEK (the company) specializes in providing healthcare services and encouraging healthy living by connecting health managers to clients through a proprietary software. The company made waves in the healthcare sector as an IT start-up six years ago and has grown significantly. Recently, the company began selling high-end healthcare products as an additional way to support its clientele.

The company is managed by young entrepreneurs and co-founders, Luca Stellen and Blaire Alden. Luca and Blaire met while working at the student newspaper at their alma mater, Stanford University. Luca graduated with a PhD in computer science. Blaire studied medicine and completed her MD/PhD in biomedical informatics. Shortly after graduating, they combined their love of technology and health to launch StellenTEK, named after Luca's grandfather who encouraged Luca to pursue his dream of earning a PhD.

Luca and Blaire started the company on a shoestring budget. They quickly realized the need for a partner with a business background to help manage the process of raising funds through venture capital investments. The? hi?ed Blai?e?? childhood f?iend, Ca?oline Ande??on. Caroline and Blaire grew up together in a suburb of Washington, DC. Caroline obtained her MBA at the Wharton School at the University of Pennsylvania.

As StellenTEK expanded, Luca and Blaire continued to hire friends they knew and trusted. This created a very warm, inclusive corporate culture and makes StellenTEK a great place to work.

The primary computer system at the company is called Critical. This system tracks health related and private data for each of StellenTEK patients. The software is a commercial-off-the-shelf application and the data is stored in an Oracle database on a server. The system is hosted in one location within the compan??? primary data center within the corporate headquarters in Washington, DC.

The IT audit

Luca and Blaire heard about your team's expertise in IT auditing through their most significant investor. They have requested that you perform an assessment of the IT environment, including relevant controls, to provide process recommendations with a focus on their most important computer system, Critical. This is the company first IT controls assessment. Your team has been working together for a very short time but brings a variety of skills and expertise to the table. This is a terrific client to add to your portfolio.

To get your team started on this project, the IT staff provided you with a summary of relevant controls and processes.

Process summary

Access control process

When hiring a new employee, no background check is performed. The company views everyone as ethical and honest. Prior to gaining access to the Critical system, an end user will request access via his or her supervisor. The supervisor will then acknowledge to the administration office for Critical that the end user is an authorized user and that the access that he or she is requesting is appropriate. In many cases, no record of the access request or approval is retained and the system does not record the date when access was granted.

After the initial system access is granted, all further access requests are made directly by the End-User and the administration office for Critical. When an employee no longer works for StellenTEK, his or her system access is deactivated.

Process flow

Members of the sales team have end-user access to the Critical system. This enables them to enter data in the Critical system daily to capture the items sold to their specific customers. Sales managers are granted access as power-users and can enter data into the system for all customers. All members of the sales team receive quarterly bonuses based on the number of new customer accounts they create. When a new customer is created, the system automatically scans the other customer names looking for duplicates. If no d?plica?e? a?e fo?nd, ?he acco?n? i? ma?ked ?ne?.?

In addition to connecting healthcare managers with their clients, StellenTEK also sells an exclusive line of health supplements. The system tracks the amount and location of each product sold. Every day, the inventory is replenished as necessary. There is a separation of duties between various departments. A summary of the products sold and the location is available every day using the corporate data warehouse. Some managers prefer to see their results in a paper report.

Configuration management process

Requests for software changes are made in the Rational ticketing tracker, which establishes a workflow for change approvers. All changes must be tracked in the Rational ticket tracker. Changes must be approved by the Change Manager (CM) prior to being assigned to a software developer.

After development, changes are reviewed by the Change Control Board (CCB), which meets on a weekly basis, prior to being approved for production. As a note, all software testing is performed in the testing environment and then moved into the development environment. Testing is completed by compa?ing ?he ?of??a?e?? f?nc?ionali?? ?o ?he ?eq?i?emen??. The Q?ali?y Assurance (QA) team allocates its time testing updates based on which updates are determined to be significant.

After approval, the new version of the software is moved into the Production environment and end users can use the new software. During the CCB meeting, the change and the testing results are reviewed for the security impact and for the impact on the other systems. Changes must be approved by the CCB prior to implementation into production. This process requires a lot of coordination and takes some time. StellenTEK is in the IT business, so software updates cannot be delayed. The CCB review and approval process is sometimes skipped if the project is running behind.

This simulation is a work of fiction. Any names of persons, companies, events or incidents, are fictitious. Any resemblance to actual persons, living or dead, companies or actual events is purely coincidental.

Contingency planning process

Data in the Critical system is replicated every Wednesday from the primary processing site in Washington, DC to an alternate processing site in Omaha, Nebraska on a near real-time basis. The server room is open to all employees to enable easy coverage for the IT team, should someone be out of the office. Critical has a security categorization of High, a recovery time objective (RTO) of six hours and a recovery point objective (RPO) of one hour. There is a policy that requires that functional tests be performed at least every other year for systems with high security categorizations. Company management has not performed a functional exercise in five years due to resource limitations. The security manager and program manager performed a test five years ago when they reviewed the contact information in the Information System Contingency Plan.

Please respond to the following questions

1.Identify the controls in place, describe how you would test whether the controls are operating effectively? Also identfy the documentation you would need from the client to test each control.

2. identify and describe the control weaknesses and for each weakness document the condition, criteria and effect of the weakness.

3. Provide overall observation about risks presented by IT controls.

Stadium Manufacturing has the following data available for its September 30, 2011, payroll:

Wages earned $315,000

Income Taxes withheld 79,900

Wages earned are subject to Social Security and Medicare matching and withholding of 6.2 percent and 1.45 percent.

Federal unemployment taxes of 0.80 percent and state unemployment taxes of 1.20 percent are payable on $295,312.50 of the wages earned.

Compute the amounts of taxes payable and the amount of wages that will be paid to employees. Then prepare the journal entries to record the wages earned and the payroll taxes. (Round to the nearest penny)

Elatrip Company provides package tours for customers. The following transactions were completed by the company during September 2019.

Sept 1   Shareholders invested $ 500,000 into the business in exchange for ordinary shares.

Sept 2   Purchased $600 worth of office supplies for cash.

Sept 4   Purchased furniture from Damro Company for $5,000 and issued a 90 day, 8% promissory note.

Sept 7   Purchased equipment for $800 and postponed payment until September 28.

Sept 11 Earned revenue of $4,000, of which $3,000 is collected in cash and the balance is due on September 18.

Sept 13 Purchased a commuter van for $100,000. Elatrip paid $60,000 in cash and signed a 6 month, 7% promissory note for the balance due.

Sept 15 Company received $2,000 cash in advance for the service to be rendered on October 5.

Sept 16 Paid $6,000 rent for 2 months. (October and November 2017)

Sept 18 Collected the balance due from September 11.

Sept 20 Performed services for $ 5,000 and received a one month, 9% promissory note from customer.

Sept 25 Incurred $1,000 for repair and maintenance cost and the company issued a check for the amount.

Sept 27 A $800 bill was received for electricity and water expense for the month. The entire amount is due on October 1.

Sept 28 Company paid the balance due from September 7.

Sept 30 Paid $2,000 for employees’ salaries.

The company uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 113 Notes receivable, No. 124 Office supplies, 136 Prepaid rent, No.140 Furniture, No 145 Equipment, No 156 Commuter van, No 201 Accounts payable, No 211 Notes payable, No 220 Unearned service revenue, No 311 Share capital- ordinary, No 400 Service revenue, No 726 Repair and maintenance expense, No 735 Utilities expense, No 738 Salaries expense.

1)JOURNALIZE