The Graduate Record Examination (GRE) is a standardized test commonly taken by graduate school applicants in the United States. The total score is comprised of three compo- nents: Quantitative Reasoning, Verbal Reasoning, and Analytical Writing. The first two components are scored from 130 - 170. The mean score for Verbal Reasoning section for all test takers was 151 with a standard deviation of 7, and the mean score for the Quantitative Reasoning was 153 with a standard deviation of 7.67. Suppose that both distributions are nearly normal. (a) A student scores 160 on the Verbal Reasoning section and 157 on the Quantitative Reasoning section. Relative to the scores of other students, which section did the student perform better on? (b) Calculate the student’s percentile scores for the two sections. What percent of test takers per- formed better on the Verbal Reasoning section? (c) Computethescoreofastudentwhoscoredinthe80thpercentileontheQuantitativeReasoning section. (d) Compute the score of a student who scored worse than 70% of the test takers on the Verbal Reasoning section.

6.27  Average hours per week listening to the radio. The Student Monitor surveys 1200 undergraduates from four-year colleges and universities throughout the United States semiannually to understand trends among college students.¹¹ Recently, the Student Monitor reported that the average amount of time listening to the radio per week was 11.5 hours. Of the 1200 students surveyed, 83% said that they listened to the radio, so this collection of listening times has around 204 (17% × 1200) zeros. Assume that the standard deviation is 8.3 hours.

1. (a) Give a 95% confidence interval for the mean time spent per week listening to the radio.

2. (b) Is it true that 95% of the 1200 students reported weekly times that lie in the interval you found in part (a)? Explain your answer.

3. (c) It appears that the population distribution has many zeros and is skewed to the right. Explain why the confidence interval based on the Normal distribution should nevertheless be a good approximation.

Jacksonville Corp. is a U.S. based firm that needs $1,000,000. It has no business in Japan but is considering one-year financing with Japanese yen because the annual interest rate would be 3 percent versus 6 percent in the United States. Assume that interest rate parity exists.

a). Can Jacksonville benefit from borrowing Japanese yen and simultaneously purchasing yen one year forward to avoid exchange rate risk? Explain.

b). Assume that Jacksonville does not cover its exposure and uses the forward rate to forecast the future spot rate. Determine the expected effective financing rate. Should Jacksonville finance with Japanese yen? Explain.

c). Assume that Jacksonville does not cover its exposure and expects that the Japanese yen will appreciate by either 4 percent, 2 percent, or 1 percent, and with equal probability of each occurrence. Use this information to determine the probability distribution of the effective financing rate. Should Jacksonville finance with Japanese yen?

********I NEED THE BELL SHAPED CURVE, PLEASE DON'T ANSWER IF YOU CAN'T INCLUDE***********

********I NEED THE BELL SHAPED CURVE, PLEASE DON'T ANSWER IF YOU CAN'T INCLUDE***********

********I NEED THE BELL SHAPED CURVE, PLEASE DON'T ANSWER IF YOU CAN'T INCLUDE***********

********I NEED THE BELL SHAPED CURVE, PLEASE DON'T ANSWER IF YOU CAN'T INCLUDE***********

According to the Organization for Economic Co-Operation and Development (OECD), adults in the United States worked an average of 1,805 hours in 2007. Assume the population standard deviation is 395 hours and that a random sample of 70 U.S. adults was selected. a. Calculate the standard error of the mean. b. What is the probability that the sample mean will be more than 1,775 hours? c. What is the probability that the sample mean will be between 1,765 and 1,820 hours? d. Would a sample mean of 1,815 hours support the claim made by the OECD? Explain?

Jacksonville Corp. is a U.S.‑based firm that needs $1,000,000. It has no business in Japan but is considering one‑year financing with Japanese yen, because the annual interest rate would be 3 percent versus 6 percent in the United States. Assume that interest rate parity exists.

a). Can Jacksonville benefit from borrowing Japanese yen and simultaneously purchasing yen one year forward to avoid exchange rate risk? Explain.

b). Assume that Jacksonville does not cover its exposure and uses the forward rate to forecast the future spot rate. Determine the expected effective financing rate. Should Jacksonville finance with Japanese yen? Explain.

c). Assume that Jacksonville does not cover its exposure and expects that the Japanese yen will appreciate by either 4 percent, 2 percent, or 1 percent, and with equal probability of each occurrence. Use this information to determine the probability distribution of the effective financing rate. Should Jacksonville finance with Japanese yen?

A student at a four-year college claims that average enrollment at four-year colleges is higher than at two-year colleges in the United States. Two surveys are conducted. Of the 35 two-year colleges surveyed, the average enrollment was 5068 with a standard deviation of 4777. Of the 35 four-year colleges surveyed, the average enrollment was 5466 with a standard deviation of 8191.† Conduct a hypothesis test at the 5% level. NOTE: If you are using a Student's t-distribution for the problem, including for paired data, you may assume that the underlying population is normally distributed. (In general, you must first prove that assumption, though.)

A) State the distribution to use for the test. (Enter your answer in the form zor t_dfwhere dfis the degrees of freedom. Round your answer to two decimal places.)

B) Sketch a picture of this situation. Label and scale the horizontal axis and shade the region(s) corresponding to the p-value. (Upload your file below.)

6.2.38 Big Babies: The Centers for Disease Control and Prevention reports that 25% of baby boys 6-8 months old in the United States weigh more than 20 pounds. A sample of 16 babies is studied. (Use Minitab where applicable.)

a.         What is the probability that exactly 5 of them weigh more than 20 pounds?

b.         What is the probability that more than 6 weigh more than 20 pounds?

c.         What is the probability that fewer than 3 weigh more than 20 pounds?

d.         Would it be unusual if more than 8 of them weigh more than 20 pounds?

e.         What is the mean number who weigh more than 20 pounds in a sample of 16 babies aged 6-8 months?

f.          What is the standard deviation of the number who weigh more than 20 pounds in a sample of 16 babies ages 6-8 months?

The Cold Zone is a small manufacturer of refrigerated food cases for grocery stores serving a regional area in the Northeast of the United States. Presently, their product lines consists refrigerated cases for the deli department and the fresh meat departments.
They would like to add 2 new products to their company in order to grow their business and add new customers but they aren't sure what to do or where to begin.

You are a consultant who has been hired to make a recommendation on the new products and the corresponding new customers.

Your task:

• Conduct research on the grocery and refrigerated case industry to learn background on both areas and research potential areas of growth.

Make a proposal to The Cold Zone, Your proposal should include the following:

• Summary of your research about the grocery industry and potential areas of growth.
• Your 2 product recommendations and why you determined these are the best options.
• Explain how these 2 new products will help the company achieve growth.

Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry for 500 million yen payable in one year. The current spot rate is ¥124/$ and the one-year forward rate is 110¥/$. The annual interest rate is in Japan is 5% for lending and 6% for borrowing; and in the United States it is 7% for lending and 8% for borrowing. The WACC is 7%. PCC can also buy a one-year call option on yen at the strike price of $0.0081 per yen for a premium of 0.00014$/¥.

a. Compute the future dollar costs of meeting this obligation using a forward hedge.

b. Compute the future dollar costs of meeting this obligation using a money market hedge. Explain step by step using both numbers and a written explanation the money market strategy.

c. Assuming that the forward exchange rate is the best predictor of the future spot rate, compute the expected future dollar cost of meeting this obligation when the option hedge is used.

Hi, I am getting illegal start of expression on this. Any ideas where the problem may be: public static void main(String args []){ private String name; private double area; private int population; public Country(String name, double area, int population){ this.name = name; this.area = area; this.population = population; } public double getPopulationDensity() { return population / area; } public String getName() { return name; } public void setName(String name) { this.name = name; } public double getArea() { return area; } public void setArea(double area) { this.area = area; } public int getPopulation() { return population; } public void setPopulation(int population) { this.population = population; } } class CountryTest { public static void main(String[] args) { Country country = new Country("United States of America", 3797000, 327000000); System.out.println("Population density of " + country.getName() + " is " + country.getPopulationDensity() + " per square mile"); } }