Is the number of tornadoes increasing? In the last homework, data on the number of tornadoes in the United States between 1953 and 2014 were analyzed to see if there was a linear trend over time. Some argue that it’s not the number of tornadoes increasing over time, but rather the probability of sighting them because there are more people living in the United States. Let’s investigate this by including the U.S. census count (in thousands) as an additional explanatory variable (data in EX11-24TWISTER.csv).

Perform a multiple regression using both year and census count as explanatory variables. Write down the fitted model. Are year and census count respectively significant in the MLR model?

6) Select the best summary of the finding in the case of Anderson v. Bellino.

7) What is the Uniform Partnership Act (UPA)? Select all that apply.

8. What agency enforces federal securities laws?

9. Which of the following are disadvantages of a corporation? Check all that apply.

10. Which of the following factors will a court consider in making a determination to pierce the corporate veil?

16. Which of the following statements about partnerships are true?

17.The Securities and Exchange Commission holds primary responsibility for which of the following. Check all that apply.

18. Select the best phrase to complete the following:

Delaware's Chancery Court

19. Which of the following factors will a court consider in determining whether a partnership exists?

20.Select the statement concerning limited liability companies that is most complete and accurate.

1. What's required when creating an adjusting entry when amounts were previously recorded as deferred revenues?
    

   A. A debit to a liability
   B. A credit to an asset
   C. A credit to a liability
   D. A debit to an asset

2. Andy's Dry Cleaners maintains its records on the cash basis. During 2015, Andy's collected $72,000 from customers and paid $21,000 in expenses. Depreciation expense of $5,000 would have been recorded on the accrual basis. Over the course of the year, accounts receivable increased $4,000, prepaid expenses decreased $2,000, and accrued liabilities decreased $1,000. Andy's accrual basis net income would be
    

   A. $42,000
   B. $38,000
   C. $49,000
   D. $54,000

3. Sunset Rentals received $12,000 for 24 months' rent in advance. How should Sunset record this transaction?
    

   A.

Interest expense 12,000
    Interest payable 12,000

   B.

Prepaid rent 12,000
    Rent expense 12,000

   C.

Salaries expense 12,000
    Salaries payable 12,000

   D.

Cash 12,000
    Deferred revenue 12,000

4. Amy's Computers is preparing an annual report for the current fiscal year. The company's controller has asked for your help in determining how best to disclose information about the inventory costing method. Where should this information be disclosed?
    

   A. In a separate disclosure note
   B. In the summary of significant accounting policies note
   C. On the face of the balance sheet
   D. It doesn't need to be disclosed

1.) The most obese countries in the world have obesity rates that range from 11.4% to 74.6%. This data is summarized in the following table.

1. What is the best estimate of the average obesity percentage for these countries?
2. The United States has an average obesity rate of 33.9%. Is this rate above average or below?
3. How does the United States compare to other countries?

In excel format, please

2.) Two baseball players, Fredo and Karl, on different teams wanted to find out who had the higher batting average when compared to his team. Which baseball player had the higher batting average when compared to his team?

In excel format, please

3.)  Find the standard deviation for the following frequency tables using the formula. Check the calculations with the TI 83/84.

1. Grade	Frequency
   49.5–59.5	2
   59.5–69.5	3
   69.5–79.5	8
   79.5–89.5	12
   89.5–99.5	5

2. Daily Low Temperature	Frequency
   49.5–59.5	53
   59.5–69.5	32
   69.5–79.5	15
   79.5–89.5	1
   89.5–99.5	0

3. Points per Game	Frequency
   49.5–59.5	14
   59.5–69.5	32
   69.5–79.5	15
   79.5–89.5	23
   89.5–99.5	2

Use the following information to answer the next nine exercises: The population parameters below describe the full-time equivalent number of students (FTES) each year at Lake Tahoe Community College from 1976–1977 through 2004–2005.

• μ = 1000 FTES
• median = 1,014 FTES
• σ = 474 FTES
• first quartile = 528.5 FTES
• third quartile = 1,447.5 FTES
• n = 29 years

whats the midpoint, formula in excel format, please

How much does a sleeping bag cost? Let’s say you want a sleeping bag that should keep you warm in temperatures from 20oF to 45oF. A random sample of prices ($) for sleeping bags in this temperature range was taken from Backpacker Magazine: Gear Guide (Vol. 25, Issue 157, No. 2.)

80      90        100      120      75      37      30        23        100      100

105      95        105      60      110      120      95        90        60        70

Find the mean x ( round to two decimals places)

Find the sample standard deviation   s    ( round to two decimals places)

Find a 90% confidence interval for the mean price µ of all summer sleeping bags.

2. Over the past few months, an adult patient has been treated for tetany (severe muscle spasms.) This condition is associated with total calcium level below 6 mg/dl . Reference: Manual of Laboratory and Diagnostics Tests by F. Fischbach). Recently, the patient’s total calcium tests gave the following readings in mg/dl

9.3       8.8       10.1     8.9       9.4       9.8

10.0     9.9       11.2     12.1

Find the mean x      ( round to two decimals places)

Find the sample standard deviation   s     (round to two decimals places)

Find a 99.9% confidence interval for the mean calcium level.

3.A random sample of 40 students taken from a university showed that their mean GPA is 2.94 and the standard deviation of their GPAs is .30. Construct a 99% confidence interval for the mean GPA of all students at this university.

4.According to a study done by Dr. Martha S. Linet and others, the mean duration of the most recent headache was 8.2 hours for a sample of 5055 females 12 through 29. Make a 95% confidence interval for the mean duration of all headaches for all 12 to 29-year-old females. The standard deviation for this sample is 2.4 hours.

5. According to a survey conducted by USA TODAY, 73.2% of the workers in the United States drive alone to work. Assume that this survey is based on a random sample of 1000 US workers.

Find a 95% confidence interval for all workers in the United States who drive alone to work.

Suppose Jamal is studying poverty in his economics class, and he wants to compare the proportion of individuals living below the poverty line in the western United States in different years. He collects data on a simple random sample of people from 2013 and a simple random sample of people from 2014. His data are summarized in the table.

Jamal wants to run a two-sample z‑test for the difference of two proportions to test the alternative hypothesis, H1:p1>p2, against the null hypothesis, H0:p1=p2, where p1 is the proportion of population in 2013 that are living below the poverty line, and p2 is the proportion of population in 2014 that are living below the poverty line. Jamal selects a significance level of α=0.10.

Compute the z‑statistic and P-value for Jamal’s z‑test for the difference of two proportions, p1−p2. Give your answers precise to three decimal places.

Based on your answers and a significance level of α=0.10, complete the following sentences to state the decision and conclusion of Jamal’s test.

Source: adapted from DeNavas-Walt, Carmen and Bernadette D. Proctor. Income and Poverty in the United States: 2014. Table 3. People in Poverty by Selected Characteristics: 2013 and 2014 [Online]; U.S. Census Bureau, Current Population Reports: U.S. Government Printing Office, Washington, DC, 2015; P60-252. https://www.census.gov/content/dam/Census/library/publications/2015/demo/p60-252.pdf (accessed September 11, 2016).

Jamal decides                                                                           the                                                                          

hypothesis. The conclusion is that                                                                            the proportion of the 2013 population

living in poverty                                                                           the proportion of the 2014 population living in

poverty, because                                                                             .

Answer Bank

compared to

is the same as

that no decision can be made about

no conclusion can be drawn about

alternative

null

the test requirements have not been met

there is sufficient evidence that

to reject

to fail to reject

there is insufficient evidence that

is higher than

the difference is statistically significant (P<0.10)

is different than

the difference is not statistically significant (P>0.10)

is less than

accept

Part II: A Case Study in Chapter 13 Bankruptcy - Chapter 13: What Debts Are Dischargeable? In re Ryan - Read the case study below concerning Chapter 13 bankruptcy and answer the three questions at the end of the case study. Be certain to clearly identify your answers to all three questions and be complete in your responses. 389 B.R. 710 9th Cir. BAP, (Idaho, 2008) On July 13, 1995, Ryan was convicted of possession of an unregistered firearm under 26 U.S.C. §5861(d) in the United States District Court for the District of Alaska. Ryan was sentenced to fifty-seven months in prison followed by three years of supervised release. In addition, Ryan was ordered to pay a fine of $7,500…, costs of prosecution in the amount of $83,420, and a special assessment of $50.00. Ryan served his sentence. He also paid the $7,500 fine. The district court, following an appellate mandate, ultimately eliminated the restitution obligation. On April 25, 2003, Ryan filed a petition for bankruptcy relief under chapter 7 in the District of Idaho. He received his chapter 7 discharge on August 11, 2003. Shortly thereafter, Ryan filed a case under chapter 13, listing as his only obligation the amount of unpaid costs of prosecution owed to the United States (“Government”).… Ryan completed payments under the plan, and an “Order of Discharge” was entered on October 5, 2006. The chapter 13 trustee’s final report reflected that the Government received $2,774.89 from payments made by Ryan under his plan, but a balance of $77,088.34 on the Government’s costs of prosecution claim remained unpaid. Ryan then renewed his request for determination of dischargeability. The bankruptcy court held that the unpaid portion of the Government’s claim for costs of prosecution was excepted from discharge by § 1328(a)(3). Ryan appealed. The Court concluded that the exception to the discharge included in [Chapter 13] for “restitution, or a criminal fine, included in a sentence on the debtor’s conviction of a crime” does not cover costs of prosecution included in such a sentence, and REVERSED the bankruptcy court’s judgment.

Case Questions 3. Why did the court decide that Ryan’s obligation to pay “costs of prosecution” was not precluded by the limits on Chapter 13 bankruptcies imposed by Congress?

Is the number of tornadoes increasing? In the last homework, data on the number of tornadoes in the United States between 1953 and 2014 were analyzed to see if there was a linear trend over time. Some argue that it’s not the number of tornadoes increasing over time, but rather the probability of sighting them because there are more people living in the United States. Let’s investigate this by including the U.S. census count (in thousands) as an additional explanatory variable (data in EX11-24TWISTER.csv).

Fit one SLR model with year as the predictor, another SLR model with census count as the predictor. Write down the two models. Are year and census count significant, respectively?

Please write a short response to each of the paragraphs below:

1.

Define eurodollar and eurocurrency.

Eurocurrency is defined as any currency that is deposited into a different country’s bank. For example, if someone were to deposit Canadian currency into a U.S. bank, that currency would be considered eurocurrency. Eurocurrency is highly used for international trade and to apply for international loans. Eurocurrency is largely used by the wealthy and large corporations as a way to avoid regulations, tax laws, and high interest rates.

“The term eurodollar refers to U.S. dollar-denominated deposits at foreign banks or foreign branches of American banks (“Eurodollar” 2018).” The advantage to the eurodollar is being able to avoid regulations of the Federal Reserve. The disadvantage is the high interest these deposits could incur due to having no regulations. Banking outside of the country offers a potential for higher profits due to the banks being unregulated; however, the instability of these offshore banks is at a higher risk.  

2.

What is the Glass-Steagall Act? Where and when was it enacted? What are its 3 provisions? When was it repealed?

The Glass-Steagall Act (also known as the Banking Reform Act of 1933) was responsible for separating commercial and investment banking activities. This was enacted in the United States in 1932 during the Great Depression. The Glass-Steagall Act created the Federal Deposit Insurance Corporation (FDIC) and enforced bank reforms, provided stability and reduced risks in the banking industry, and prohibited bank-holding companies from owning other financial companies. Basically, commercial banks were only allowed to take deposits and make loans and investment banks were only allowed to underwrite and deal with securities. The Glass-Steagall Act was repealed in 1999 by President Clinton. Many people believe that the repeal of the Glass-Steagall Act lead to the 2008 financial crisis in the United States.

3.

Indirect finance- Is where borrowers borrow funds from the financial market through indirect means, such as through a financial intermediary. This is different from direct financing where there is a direct connection to the financial markets as indicated by the borrower issuing securities directly on the market.

Debt- Something, typically money, that is owed or due. (The state of owing money)

Equity- A stock or any other security representing an ownership interest. (The value of the shares issued by the company)