Which of the following is an example of adverse possession?

B. Sally owned a one-acre lot next to a state park. She decided to donate the lot to the state in order to expand the park. Sally’s children claimed they had a right to the land, not the state.

C. In 2005, Megan fenced off a field belonging to Farmer Giles, put a new lock on the gate leading to the field, built a wooden shed, and grew vegetables on the land. After 10 years, Megan gained title to the land without paying Farmer Giles.

D. Bob needed a place to stay so he broke into an empty house and stayed there for nearly a month until the house owner asked the police to make Bob leave.

A. Years ago, your grandmother bought 10 acres of land, paid the property taxes, and left you the property in her will.

A landowner builds a nine-foot fence topped with barbed wire around his property to keep people out, and posts warning signs on the fence saying “DANGER: Barbed Wire.” A group of graduate students decides to go cow tipping on the landowner’s property. The students climb the fence in the night, and one student suffers injuries from the barbed wire. What duty of care does the landowner owe to the students?

D. No duty because the student trespassed onto the owner’s land

B. A duty not to intentionally injure and to warn about known defects on the property

A. A duty not to intentionally injure the student

C. A duty to inspect the property for defects, correct defects, and warn about defects

Marta places a large, pre-assembled plastic greenhouse in her backyard, with the steel frame bolted into concrete that she poured specially for that purpose. She attaches gas-heating ducts and builds a brick walkway around the greenhouse. Now the town wants to raise her real property taxes, claiming that her property has been improved. Marta argues that the greenhouse is not real property. Is it?

E. The greenhouse is an easement and is part of the real property.

C. The greenhouse cannot be part of the real property if Marta does not own the land.

B. The greenhouse is not part of the real property because it could be removed.

D. The greenhouse is a fixture and is part of the real property.

A. The greenhouse is not part of the real property because it was pre-assembled.

3.1. Create an XML schema to validate the following XML file.

<?xml version="1.0" encoding="utf-8"?>

<root>

<whats>Everything</whats>

<up>Is</up>

<doc>Fine</doc>

</root>

Schema starter:

<xsd:schema xmlns:xsd="">

<xsd:element name="root" type="rootType" />

<xsd:complexType name="rootType">

    <xsd:sequence>

      <xsd:element name="" type="" minOccurs="1" />

      <xsd:element name="” type="" minOccurs="1" />

      <xsd:element name="" type="" minOccurs="1" />

    </xsd:sequence>

</xsd:complexType>

</xsd:schema>

3.2. Use your schema to validate the XML file.        

            3.2.1. You can use Visual Studio or online utilities to apply the schema to the XML file.

            3.2.2. You don’t know if the schema is being applied unless it gives you an error! Introduce an error into the XML file and verify that the error is caught by the schema.

            For example: you might delete the <up> element. The validator should complain about the missing element.

3.3. When the schema catches an error, take a screenshot.

3.4. Revise the XML file to remove the error.

Take it to the Bank

Daryl Bank is an investment broker with Bank, Tank, & Shank a full service financial services firm serving the regional area of southern West Virginia. From the corporate offices in Beckley, Daryl manages a large number of clients throughout the southern part of the state.

Daryl is very customer service oriented and makes a personal effort to visit every client at least twice a year, even if it means traveling to his or her hometown. He usually travels to different county seats throughout the state and stays a couple of days in a local hotel so clients can visit him in these various locations. With his laptop Daryl can access account information and the latest information about traded securities using any number of software programs. His clients also enjoy seeing the demonstrations of portfolio programs for their specific accounts.

Daryl also uses these trips to visit West Virginia companies for potential investment possibilities. He likes to know the companies he invests in, and wants to get a competitive advantage in any investment decision. Since not many investment brokers are taking the time to visit some of the smaller publicly traded West Virginia companies, Daryl feels that he knows substantially more about these companies and their potential for excess returns than the general market. He is always looking for undervalued opportunities for investment purposes so that his customers can also enjoy many happy returns on their portfolios.

On a recent trip to Curveintheroad in the far southwestern part of the state, Daryl had the opportunity to visit three companies. He has been able to maintain a friendship with the top management of these companies and was given access to important financial data, which he planned to use to determine stock valuation.

The first company is Dig Deep, a regional coal mining company. They have been in operation for over 20 years and have the mining rights to over 100 square miles of land. Most of the coal they mine is the more clean burning anthracite coal. Even though they are a relatively small, company, they possess modern equipment and a very efficient mining operation.

The stock price for Dig Deep was $32 on January 1, 20x0, $36 on December 31, 20x0, $33 for 12/31/x1, $35 for 12/31/x2, $42 for 12/31/x3 and $44 for 12/31/x4. In the year 20x0 they paid a dividend of $1.00, the same for 20x1, $1.10 in 20x2, $1.25 in 20x3 and that amount again in 20x4. The standard deviation for their stock is 6%, beta is 0.80, and correlation coefficient is .60.

The second company is Moon Shine, a regional medicinal spirits company. This company got its start about 75 years ago and has been very successful establishing a niche market in all natural herbal remedies. What makes this company especially appealing to Daryl is its ability to do well during times when the general economy is in a depression or recession.

The stock price for Moon Shine was $14 on January 1, 20x0, $18 on December 31, 20x0, $15 for 12/31/x1, $22 for 12/31/x2, $32 for 12/31/x3 and $28 for 12/31/x4. The company does not pay a dividend. The standard deviation for their stock is 14%, beta is 1.25, and correlation coefficient is -0.30.

Finally Daryl met the management team at Pork, Byrd and Belly. In spite of the name, this was not an agricultural company, but a heavy construction company with major government contracts for roads and bridges. The company has had some very successful contracts in the past which have led to great growth, but their rate of growth has slowed a little in the last couple of years.

The stock price for Pork, Byrd and Belly was $10 on January 1, 20x0, $15 on December 31, 20x0, $25 for 12/31/x1, $30 for 12/31/x2, $28 for 12/31/x3 and $25 for 12/31/x4. In the year 20x0 they paid a dividend of $0.80, $0.90 in 20x1, $1.20 in 20x2, $0.50 in 20x3 and that amount again in 20x4. The standard deviation for their stock is 20%, beta is 1.05, and correlation coefficient is .45.

Since these are all small regional companies, Daryl uses the Russell 4000 index as a measure of the market standard. He likes to compare the performance of his companies against this index along with other criteria to determine if a company stock price offers a good value.

The index price for the Russell 4000 was 1200 on January 1, 20x0, 1400 on December 31, 20x0, 1800 for 12/31/x1, 1750 for 12/31/x2, 1600 for 12/31/x3 and 1700 for 12/31/x4. The standard deviation for the index is 5%, beta is 1.0, and correlation coefficient is 1.00. Currently the rate of return on a Treasury bill is 5.0%.

Required:

1. Compute the coefficient of variation for each stock plus the market for the 5 year period from 20x0 to 20x4.

A screen-printing business has to choose between printing t-shirts and

sweatshirts to manage risk due to dwindling student enrollments. The matrix below

shows the returns of each shirt and probabilities of three possible enrollment outcomes; high,

average, and low.

Which shirt type should the business produce considering each of the following decision rule?

i. Most likely outcome                        ______________________________

ii. Maximum expected value ______________________________

iii. Risk and returns comparison             ______________________________

iv. Safety first (maxi-min)      ______________________________

v. Minimum of $4,000 returns            ______________________________

Problem: Using the alternative-parameter method, determine the parameters of the following distributions based on the given assessments.

Find the parameter value β for the exponential distribution given:

P_E (T ≤ 15 \ β) = 0.50.

Find the parameters μ and s for a normal distribution given:

P_N (Y ≤ 125\ μ, s) = 0.25 and P_N (Y ≤ 12\ μ, s) = 0.75

Find the Min, Most Likely, and Max for the triangular distribution given:

P_T (Y ≤ 15\Min, Most Likely, Max) = 0.15

P_T (Y ≤ 50\Min, Most Likely, Max) = 0.50, and

P_T (Y > 95\Min, Most Likely, Max) = 0.05

Find the parameters values a₁ and a₂ for the beta distribution given:

P_B (Q ≤ 0.3\a_1, a₂) ₌ 0.05 and P_B (Q ≤ 0.5\a_1, a₂) ₌ 0.25

Chapter 10
6. Test H₀: 8 versus H_A: > 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 H_A: 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.

Chapter 10
6. Test H₀: 8 versus H_A: > 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 H_A: 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.