Medical research has shown that repeated wrist extension beyond 20 degrees increases the risk of wrist and hand injuries. Each of 24 students at a university used a proposed new computer mouse design. While using the mouse, each student's wrist extension was recorded. Data consistent with summary values given in a paper are given. Use these data to test the hypothesis that the mean wrist extension for people using this new mouse design is greater than 20 degrees. (Use
α = 0.05.
Use a statistical computer package to calculate the P-value. Round your test statistic to two decimal places and your P-value to three decimal places.)
| 27 | 26 | 24 | 25 | 27 | 28 | 28 | 24 | 24 | 24 | 28 | 26 |
| 22 | 28 | 24 | 26 | 27 | 25 | 31 | 28 | 26 | 27 | 27 | 28 |
| t |
= |
| P-value | = 0.00 |
1. State your conclusion.
Reject H0. We have convincing evidence that the mean wrist extension for all people using the new mouse design is greater than 20 degrees.
2. Are any assumptions required in order for it to be appropriate to generalize the results of your test to the population of students from this university?
We need to assume that the 24 students used in the study are representative of all students at the university.
3. Are any assumptions required in order for it to be appropriate to generalize the results of your test to the population of all university students?
1. We need to assume that the 24 students used in the study are representative of all students who use a wireless mouse.
2. We need to assume that the 24 students used in the study are representative of all students at the university.
3.. We need to assume that the 24 students used in the study are representative of all students who own PCs.
4. We need to assume that the 24 students used in the study are representative of all university students.
5.We need to assume that the 24 students used in the study are representative of all students in computer science classes
I am missing T and the third question
In: Statistics and Probability
Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 16,500 students are enrolled on campus; however, the admissions office is forecasting a 8 percent growth in the student body despite a tuition hike to $85 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officials:
1.Prepare a tuition revenue budget for the upcoming academic year.
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2.Determine the number of faculty members needed to cover classes.
3. Assume there is a shortage of full-time faculty members. Select at least five actions that WSU might take to accommodate the growing student body by selecting an "X" next to the action.
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4.You have been requested by the university’s
administrative vice president (AVP) to construct budgets for other
areas of operation (e.g., the library, grounds, dormitories, and
maintenance). The AVP noted: “The most important resource of the
university is its faculty. Now that you know the number of faculty
needed, you can prepare the other budgets. Faculty members are
indeed the key driver—without them we don’t operate.” Are faculty
members a key driver in preparing budgets? Yes or
No?
In: Accounting
Perma-bearJim Chanos recently was interviewed on financial news channel for his short position on Tesla (stock price collapsed from $960 to $360 in 4 week due to Covid-19). He also claims to have predicted the 2008 financial crisis. Over the last 3 decades, however, he managed to lose 99% of his investor's money. If an investor who have seen that interview and decided to invest in his fund are likely suffering from which of the following cognitive error? I. Representitativeness heuristic II. Availability heuristic III. Confirmation bias. IV. Affect heuristic.
IV only
I and II only
III only
III and IV only
I, II, III and IV
In: Finance
In: Nursing
Chapter 10
6. Test H0: 8 versus HA: > 8, given =
0.01, n = 25, = 8.13 and s = 0.3. Assume the sample is selected
from a normally distributed population.
7. Test H0: π = 0.25 versus HA: π 0.25 with p = 0.33 and n = 100 at alpha = 0.05 and 0.10.
8. Test at α = 0.01 the hypothesis that a majority (more than 50%) of students favor the plus/minus grading system at a university if in a random sample of 500 students, 285 favor the system?
9. Test whether the sample evidence indicates that the average time an employee stays with a company in their current positions is less than 3 years when a random sample of 64 employees yielded a mean of 2.76 years and s = 0.8. Use = 0.01. Assume normal distribution.
In: Statistics and Probability
Chapter 10
6. Test H0: 8 versus HA: > 8, given =
0.01, n = 25, = 8.13 and s = 0.3. Assume the sample is selected
from a normally distributed population.
7. Test H0: π = 0.25 versus HA: π 0.25 with p = 0.33 and n = 100 at alpha = 0.05 and 0.10.
8. Test at α = 0.01 the hypothesis that a majority (more than 50%) of students favor the plus/minus grading system at a university if in a random sample of 500 students, 285 favor the system?
9. Test whether the sample evidence indicates that the average time an employee stays with a company in their current positions is less than 3 years when a random sample of 64 employees yielded a mean of 2.76 years and s = 0.8. Use = 0.01. Assume normal distribution.
In: Statistics and Probability
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each.
The following data appear in the company records for the current period:
| Maintenance | Personnel | Printing | Developing | |||||||||
| Machine-hours | − | 504 | 648 | 2,448 | ||||||||
| Labor-hours | 360 | − | 252 | 1,188 | ||||||||
| Department direct costs | $ | 12,000 | $ | 27,000 | $ | 27,000 | $ | 18,000 | ||||
Required:
Allocate the service department costs using the reciprocal method. (Matrix algebra is not required because there are only two service departments.)
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In: Accounting
Find and analyze an article (first published in the last 28 days) about some topic dealing with nutrition and/or exercise addressing a hypothesis. This can come from a newspaper, magazine or other periodical.Analyze the article and address the following:
1. What hypothesis was tested?
2. How was it tested?
3. Was the hypothesis supported or rejected?
4. Is the sponsor of the science mentioned? This could be a university where research was conducted, a company that supplied funding, etc. Do you think the sponsor may have influenced the science? By that I mean do you think the source of funding could lead to a conflict of interest?
5. What are some implications of this research?
6. What could you do if you wanted to find out more about the topic? Be more specific.
In: Biology
You need to write 5-8 sentences per paragraph for a total of 20-32 sentences overall.
Case A: From Dragon’s Den Manjit Minhas is a Canadian entrepreneur, television personality and venture capitalist. She is the co-founder of Minhas Breweries & Distillery, manufacturer of beer brands such as Mountain Crest Classic Lager, Boxer Lager, Lazy Mutt Ale and Huber Bock. She specializes in marketing with interests in branding and sales. Your Task: You are an entrepreneur and CEO who sees Manjit Minhas as a possible investor in your brewery located in North Cyprus called Five Fingers Mountain Brewery. Your brewery has been in business for one year and you are having troubles with finding qualified brewers and marketing your specialty beer. Choose two business strategies for convincing Manjit Minhas to invest in your company. Decide on how much money you need and what percentage of the equity you are offering Manjit Minhas. Consider whether you are you in a strong or weak BATNA position for convincing Manjit Minhas to invest in your brewery. How does culture play a role in your strategy?
BATNA (Best Alternative to a Negotiated Agreement):
There are two possibilities for the buyer and seller roles—
• a weak BATNA (buyer needs a car now, and seller needs to sell the car now), and
• a strong BATNA (buyer has other alternatives, and seller is considering keeping the car)
Essay Writing Structure for Essay
Essay Topic: The Dragon’s Den case
I am looking for specific business ideas, your evidence, and your reasons for negotiating the situation in the Dragon’s Den case. If you can tie in a cultural aspect, great! As I said in class, "Remember that you may not need to answer every question in the case." You need to write 5-8 sentences per paragraph for a total of 20-32 sentences overall.
Try applying the following format/structure for your essay. Of course, creativity of ideas is your part. You would not write an essay using the same language every time. For example, the topic sentences provided are not the only topics to talk about the problem in the case. You need to adjust the paragraph's information according to your own ideas. Since I gave you an introduction, it may be hard to change it into your own words at this point…but please try.
In the introduction, describe your company, decide on how much money you need and what percentage of the equity you are offering. In the body of the essay, for paragraph 2 describe the problem at your company, what you have in place at this time, and your future projections (Considerations: personal investment to date, previous sales records, sales projections, and your technical knowledge or expertise.) In paragraph 3, discuss the advantages for Minhas if she invests in your company. In the conclusion, provide a summary reiterating why a Minhas should invest in your company.
Introduction paragraph and thesis statement (idea and format) (5-8 sentences): Locals and tourists in North Cyprus consume beer at our local restaurant, cafes and bars. Five Fingers Mountain Brewery is a local brewery that is having hiring troubles finding skilled labor in North Cyprus. In the case presented, Minhas has vast experience in the brewery industry. As the CEO of Five Fingers, I am offering her 15% equity in my company for £40,000. This paper is going to discuss a strategic plan that addresses the cultural and business aspects for pitching a deal to Minhas for financial support in Five Fingers Mountain Brewery.
Supporting paragraph 1 topic sentence and body structure (5-8 sentences): Hiring skilled and qualified brewers for Five Fingers Mountain Brewery is a challenge. Add four sentences that address why it is difficult to hire employees in North Cyprus. Include a sentence with a reason why the evidence is important. Then state, “Based on the previous reasons, this places me in a weak negotiating position” and add a sentence or two on how you can be in a strong position.
Supporting paragraph 2 topic sentence idea (5-8 sentences): In the case presented, being aware of one's negotiating position is an advantage when pitching a deal to Minhas for a partnership with Five Fingers Mountain Brewery. Add 4 more sentences in support of how you will accomplish the task by describing her advantages for investing in your company.
Concluding paragraph's topic sentence idea (5-8 sentences): This essay presented both the weak and strong positions for Five Fingers Mountain Brewery to negotiate a partnership with Manjit Minhas. Add 4 more sentences by summarizing the advantages and disadvantages in a business and cultural aspect. The final sentence includes an optimistic outlook for the future.
In: Operations Management
You need to write 5-8 sentences per paragraph for a total of 20-32 sentences overall.
Case A: From Dragon’s Den Manjit Minhas is a Canadian entrepreneur, television personality and venture capitalist. She is the co-founder of Minhas Breweries & Distillery, manufacturer of beer brands such as Mountain Crest Classic Lager, Boxer Lager, Lazy Mutt Ale and Huber Bock. She specializes in marketing with interests in branding and sales. Your Task: You are an entrepreneur and CEO who sees Manjit Minhas as a possible investor in your brewery located in North Cyprus called Five Fingers Mountain Brewery. Your brewery has been in business for one year and you are having troubles with finding qualified brewers and marketing your specialty beer. Choose two business strategies for convincing Manjit Minhas to invest in your company. Decide on how much money you need and what percentage of the equity you are offering Manjit Minhas. Consider whether you are you in a strong or weak BATNA position for convincing Manjit Minhas to invest in your brewery. How does culture play a role in your strategy?
BATNA (Best Alternative to a Negotiated Agreement):
There are two possibilities for the buyer and seller roles—
• a weak BATNA (buyer needs a car now, and seller needs to sell the car now), and
• a strong BATNA (buyer has other alternatives, and seller is considering keeping the car)
Essay Writing Structure for Essay
Essay Topic: The Dragon’s Den case
I am looking for specific business ideas, your evidence, and your reasons for negotiating the situation in the Dragon’s Den case. If you can tie in a cultural aspect, great! As I said in class, "Remember that you may not need to answer every question in the case." You need to write 5-8 sentences per paragraph for a total of 20-32 sentences overall.
Try applying the following format/structure for your essay. Of course, creativity of ideas is your part. You would not write an essay using the same language every time. For example, the topic sentences provided are not the only topics to talk about the problem in the case. You need to adjust the paragraph's information according to your own ideas. Since I gave you an introduction, it may be hard to change it into your own words at this point…but please try.
In the introduction, describe your company, decide on how much money you need and what percentage of the equity you are offering. In the body of the essay, for paragraph 2 describe the problem at your company, what you have in place at this time, and your future projections (Considerations: personal investment to date, previous sales records, sales projections, and your technical knowledge or expertise.) In paragraph 3, discuss the advantages for Minhas if she invests in your company. In the conclusion, provide a summary reiterating why a Minhas should invest in your company.
Introduction paragraph and thesis statement (idea and format) (5-8 sentences): Locals and tourists in North Cyprus consume beer at our local restaurant, cafes and bars. Five Fingers Mountain Brewery is a local brewery that is having hiring troubles finding skilled labor in North Cyprus. In the case presented, Minhas has vast experience in the brewery industry. As the CEO of Five Fingers, I am offering her 15% equity in my company for £40,000. This paper is going to discuss a strategic plan that addresses the cultural and business aspects for pitching a deal to Minhas for financial support in Five Fingers Mountain Brewery.
Supporting paragraph 1 topic sentence and body structure (5-8 sentences): Hiring skilled and qualified brewers for Five Fingers Mountain Brewery is a challenge. Add four sentences that address why it is difficult to hire employees in North Cyprus. Include a sentence with a reason why the evidence is important. Then state, “Based on the previous reasons, this places me in a weak negotiating position” and add a sentence or two on how you can be in a strong position.
Supporting paragraph 2 topic sentence idea (5-8 sentences): In the case presented, being aware of one's negotiating position is an advantage when pitching a deal to Minhas for a partnership with Five Fingers Mountain Brewery. Add 4 more sentences in support of how you will accomplish the task by describing her advantages for investing in your company.
Concluding paragraph's topic sentence idea (5-8 sentences): This essay presented both the weak and strong positions for Five Fingers Mountain Brewery to negotiate a partnership with Manjit Minhas. Add 4 more sentences by summarizing the advantages and disadvantages in a business and cultural aspect. The final sentence includes an optimistic outlook for the future.
In: Operations Management