Research Enterprise Rent a Car company and its leadership team.

1.- what are the company’s strengths and weaknesses?

2.- Who is its main competitor and how do they market themselves?

3.- Who is there target customer audience?

4.-Create a Leadership Development Program that can be used for their domestic and international employees.

5.- explain the dynamics of this company.

The average starting salary of this year’s graduates of a large university (LU) is $55,000 with a standard deviation of $4,000. Furthermore, it is known that the starting salaries are normally distributed.

What is the probability that a randomly selected LU graduate will have a starting salary of at least $52,700?

Individuals with starting salaries of less than $45,00 receive a free class. What percentage of the graduates will receive the free class?

What percent of graduates will have their salaries one standard deviation from the mean?

What is the range of salaries that are one standard deviation from the mean?

1. You work for the Colorado Chapter of the Mutual UFO Network (MUFON) that is responsible for compiling all UFO sightings in the US. You are interested in whether there is a difference between rural and urban people in the mean number of UFOs they have ever seen. You randomly sample 200 urban and 150 rural Coloradoans and ask how many UFOs they’ve seen. Of the urbanites, the mean number of UFOs is 1.3 UFOs with a standard deviation of .4. Of the rural folks, the mean number of UFOs is 1.5 UFOs with a standard deviation of .6.

Do a two-sample hypothesis test (alpha=.05) to determine whether you can claim that there is a difference urban and rural Coloradoans in the mean number of UFOs ever seen. You must show all steps and all calculations.

2. You are interested in studying the relationship between believing in aliens and believing in God. You randomly sample 400 Coloradoans and ask them whether they believe in aliens and whether they believe in God. Of the 290 people who believe in God, 83 said they believed in aliens. Of the 110 people who do not believe in God, 27 said they believe in aliens.

Do a two-sample hypothesis test (alpha=.05) to determine whether there’s a difference between those who believe in God and those who don’t in the percent who believe in aliens. Show all steps of the hypothesis test and all calculations.

Answer the following questions using the standard leisure-work choice model

a)Draw a budget constraint for a worker has a job which pays a wage of $10.00 per hour. Draw an indifference map for typical worker. Assume that the worker is able to choose any number of hours of work and this worker’s optimal position is to work 8 hours a day. Show this point on your graph.

b)Suppose the worker now receives $60 per day non-labor income. On your graph (from part a) draw another budget constraint to illustrate this non-labor income. Show the new optimal position for the worker. Briefly, explain your new position and any change in the number of hours worked per day.

c)Using the information above, re-draw an indifference map for a worker who decides not to work after receiving the $60 per day non-labor income. Show the optimal position on your graph. Briefly explain why this individual is or is not rational by choosing not to work.

Read the following scenario and answer the question in 5-10 sentences.

You are an adult friend of a sixty-five year old male, James, who lives next door. James is friendly and kind to you and your family. James has become increasingly forgetful of facts and names lately and you once found him lost in another part of your familiar neighborhood. On the other hand, James has significant periods of mental clarity, living independently and performing complex mental tasks. For example, he profitably buys and sells collectibles at flea markets and on the Internet. James’s family lives far away, and may not know that James is possibly showing early signs of mental instability. You know that a court can determine if someone is mentally incompetent and appoint a guardian to represent that individual. Only then can the guardian enter into binding legal obligations on behalf of the mentally incompetent person. From the perspective of contractual legal capacity, explain the advantages and drawbacks of declaring someone like James incompetent.

1. A psychologist is working with a patient who suffers from a very rare disorder. Which type of research is the psychologist likely to use?

2. Collectivistic cultures value individual achievement above most other aspects of personal behavior. True or False?

3.Replication is the best way to ensure that a research finding is indeed statistically significant. True or False?

4.The fact that newborn babies get more REM sleep than humans at any other time in the lifespan suggests that the Freudian view of dreams and dreaming may not have a great deal of validity. True or False?

5.The law of parsimony states that the explanation that is most likely to be true is the most complicated one. True or False?

6. The possible existence of the file-drawer problem should be kept in mind when a/an _________________ yields significant results or effects.

During the pandemic, stockpiling behavior have been criticized in the newspapers and described as irrational. From a game theory perspective, stockpiling of toilet paper can be modeled as a strategic game. Let’s assume that we have two players who can choose between option 1: running to buy toilet paper (stockpiling behavior); and option 2: waiting to buy toilet paper. They believe that there is a risk that supermarket will run out of stock. The following matrix gives the payoffs of each choice, where in each cell, the first number is the payoff of player A and the second number is the payoff of player B.

1. Explain the strategic interactions behind the stockpiling behavior (answer in 70-130 words).
2. Find the equilibrium by elimination of dominated strategies (answer in 70-130 words).
3. Does individual rationality lead to a socially desirable outcome? Why? (answer in 70-130 words)

During the pandemic, stockpiling behavior have been criticized in the newspapers and described as irrational. From a game theory perspective, stockpiling of toilet paper can be modeled as a strategic game. Let’s assume that we have two players who can choose between option 1: running to buy toilet paper (stockpiling behavior); and option 2: waiting to buy toilet paper. They believe that there is a risk that supermarket will run out of stock. The following matrix gives the payoffs of each choice, where in each cell, the first number is the payoff of player A and the second number is the payoff of player B. Player B Wait to buy Run to buy Player A Wait to buy 3, 3 1,4 Run to buy 4,1 2,2 a. Explain the strategic interactions behind the stockpiling behavior (answer in 70-130 words). b. Find the equilibrium by elimination of dominated strategies (answer in 70-130 words). c. Does individual rationality lead to a socially desirable outcome? Why? (answer in 70-130 words)  

If you were to draw one individual from this sample of 10 individuals, what would do characteristics do you believe would be the most likely to be drawn (1 = Bully Victim and Bully Offender; 2 = Bully Victim but not Bully Offender; 3 = Bully Offender but not Bully Victim; or 4 = Non Bully Victim and Non Bully Offender)?  Why?

Please read the following article:

"Is the stock market good stewardship?"

As previously discussed in week 3, a direct relationship exists between higher risk and higher returns. In order for an individual or organization to recognize higher returns on their investments, it usually requires the assumption of a higher level of risk. Please answer the following questions:

Is it appropriate for Christians to assume a high level of risk in their investment portfolios? When might it be appropriate?

Is it appropriate for nonprofit organizations who rely upon donations to invest in risky assets such as the stock market?

Assuming there should be limits, what types of investments would or would not be appropriate?

What implications do your positions have for the potential investment income or operations of the nonprofit organization or the individual’s financial position?

1) No Christians are frbidden from gambling. Speculative investments is non-biblical.

2) It might be approporate if the proceeds are directed towards the church only.

3) No. It is not appropriate to use people's donations for speculative purposes.

4) Investing high rated bonds is appropriate.