Scott and Linda have been saving to pay for their daughter Casie's college education. Casie just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). College tuition and expenses at State U. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. Ellen should graduate in 4 years¾if she takes longer or wants to go to graduate school, she will be on her own. Tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11). So far, Scott and Linda have accumulated $15,000 in their college savings account (at t = 0). Their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). Then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. They expect their investment account to earn 9%. How large must the annual payments at t = 5, 6, and 7 be to cover Casie's anticipated college costs?

a. $2,412.76

b. $2,177.51

c. $1,965.21

d. $2,292.12

e. $2,068.64

ohn and Daphne are saving for their daughter Ellen's college education. Ellen just turned 10 (at t = 0), and she will be entering college 8 years from now (at t = 8). College tuition and expenses at State U. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. Ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. Tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).

So far, John and Daphne have accumulated $12,000 in their college savings account (at t = 0). Their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). Then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. They expect their investment account to earn 9%. How large must the annual payments at t = 5, 6, and 7 be to cover Ellen's anticipated college costs?

Question 10 options:

Peter lives for three periods. He is currently considering three alternative education-work options. He can start working immediately and earn $100,000 in period 1, $110,000 in period 2, and $90,000 in period 3. Alternatively, he can spend $50,000 to attend college in period 1 and then earn $180,000 in period 2 and 3. Finally, he can receive a doctorate degree in period 2 after completing his college education in period 1. This last option will cost him nothing in period 2 as his graduate school expenses on tuition and books will be covered by a research assistantship. After receiving his doctorate degree, he will become a professor in a business school and earn $400,000 in period 3.

Peter must make all college related expenses at the beginning of each period and he is paid at the end of every period.

a) Suppose that the market interest rate is given by 20 percent. What education path maximizes Peterís net present value of life time earnings?

b) What will be the optimal decision if the market interest rate is given by 0 percent?

Your 20 year-old son is still living at home. He has a job at a local fast-food restaurant and makes enough money to pay for his car and to provide his own spending money. He does not contribute to household expenses or buy his own clothing. He was a B student in high school and does not want to work in the restaurant as a career, but he is not sure what he wants to do. He spends most of his free time with his friends from high school. Although you do not object to your son living with you and he is helpful around the house, you are concerned that he is delaying making some important choices.

Describe issues that might be relevant in this case scenario, such as the son’s levels of cognitive and moral development (Piaget, Erikson, Kohlberg), issues relevant to choosing a career or job (Marcia), and ways that as parents one can foster the development of autonomy and independence in children. You need to explain your answer in relation to the theories described in the readings. In your own opinion, do you think this young man is in a good position as he enters adulthood? Why or why not?

You are a nurse working in a distress center and would like to study the self-esteem of domestic violence victims. You would like to know if self-esteem is associated with education level. You know from the existing literature that self-esteem scores are generally normally distributed with homogeneous variance across education groups. The table below shows the data that you collected for a random sample of clients that recently visited your center. Let the probability of committing a type I error be 0.05. Can you conclude that there is a difference in self-esteem across the education groups? If an overall significant difference is found, which pairs of individual sample means are significant different?

Problem 3) A random digit dialing telephone survey of 880 drivers asked, “Recalling the intersections on your most recent drive to work or school , were any of traffic lights red when you entered the intersections, i.e. did you run any red lights?” Of the 880 respondents, 171 admitted that yes, at least one light had been red.

a) What is the response variable? Is it categorical or quantitative?

b) Show that the normal approximation for p̂ is valid by verifying the three conditions. Include the arithmetic. (Remember that when we “assumed” that we knew π, we used nπ ≥ 10. In contrast, this problem is reality where we do not know π: we are trying to estimate π with a confidence interval. So, we use ?̂to estimate π in checking the condition.)

c) Estimate the population proportion of drivers who ran a red light on the way to work or school with a 95 percent confidence interval. (Round the standard deviation to 2 nonzero decimals. For example, if you calculate ??̂ to be 0.01234, round to 0.012.)

d) Interpret the confidence interval with a statement in the context of the problem.

1. Father behaviors that seem to promote secure attachment include all of the following EXCEPT: a) positive attitude about parenting b) spending a considerable amount of time with the infant c) a sensitive approach to the infant d) providing care of basic needs 2. The research of Alan Sroufe and his colleagues on the topic of gender roles and peer acceptanec revealed that a) individuals who engaged in cross-sexed activities were as likely asothers to be well liked by peers b) maintaining clear gender boundaries promotes popularity among school-aged children c) children who prefer cross-sex friendships are perceived as socially competent d) adherence to gender-related codes of conduct was not an important factor in the development of popularity among school-aged children ?3.? In Bem's gender-role classification, which category has the smallest proportion of the population? a) undifferentiated b) femine gender-typed c) masculine gender-typed d) androgynous 4. ?__________ is a progressive country that already encourages psychological androgyny among its children and teenagers a) Sweden b) Serbia c) Singapore d) Jamaica

Medical Magnet Program tuition funds and student transcript fees,

Cash funds and scholarship donations,

Catering ad food service, and

Printing services provided by Brian Collins, BISD employee Patricia Adams Lambert’s son.

List and discuss several control activities that could have been used by BISD to prevent and/or detect the misappropriation of funds perpetrated by Patricia Lambert. Pick more than one scenario, and discuss how the control activities would be applied in each scenario.

Do you think BISD has effectively identified risks surrounding purchases from vendors and cash receipts? Identify these risks, and suggest procedures that should be implemented in response to those risks

Jim and Elsie are saving for their granddaughter Amy’s college education. Amy just turned 12 (at t = 0), and she will be entering college 6 years from now (at t = 6). College tuition and expenses at Sam Houston State University are currently $15,000 a year, but they are expected to increase at a rate of 2% a year. Amy should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. Tuition and other costs will be due at the beginning of each school year (at t = 6, 7, 8, and 9).

So far, Jim and Elsie have accumulated $30,000 in their college savings account (at t = 0). Their long-run financial plan is to add an additional $5,000 in each of the next 3 years (at t = 1, 2, and 3). Then they plan to make 3 equal annual contributions in each of the following years, t = 4, 5, and 6. They expect their investment account to earn 6%. How large must the annual payments at t = 4, 5 and 6 be to cover Amy's anticipated college costs? (Note: 1.5x Credit)