Numbers from this table are used in the next 3 questions.

1. What is the average annual inflation rate for consumers from 2020 to 2060?

Group of answer choices

a) less than 1%

b) between 1% and 1.5%

c) between 1.5% and 2.0%

d) between 2.0% and 2.5%

e) between 2.5% and 3.0%

f) between 3.0% and 3.5%

g) more than 3.5%

2. What is the average rate of economic growth from 2020 to 2060?

Group of answer choices

a) less than 1%

b) from 1.0% to 1.5%

c) from 1.5% to 2.0%

d) from 2.0% to 2.5%

e) from 2.5% to 3.0%

f) from 3.0% to 3.5%

g) more than 3.5%

3. What is the average rate of inflation for the economy from 2020 to 2080?

Group of answer choices

a) less than 1%

b) from 1.0% to 1.5%

c) from 1.5% to 2.0%

d) from 2.0% to 2.5%

e) from 2.5% to 3.0%

f) from 3.0% to 3.5%

g) more than 3.5%

4. The President and Congress control fiscal policy. They do not have a dual mandate like the Fed, but in the face of a recession, they are likely to change federal expenditures (government purchases of newly produced goods and transfers) and taxes. As a result of their actions during a recession, what is likely to happen to the federal deficit as a result?

Group of answer choices

a) decline

b) stay the same

c) increase

1. You have the following cost and revenue information on a project that invests in the conversion of a coal-fired electricity generating plan into a gas-fired unit.

Cost of new equipment: $200 million.

The equipment will be depreciated over 8 years on a straight-line basis to zero book value.

Proceeds from the sale of old equipment which has a book value of $15 m is 40 million,

Expensable installation cost: 0.50 million.

Estimated Revenue from the sale of electricity in the first year: $65 million and it remains the same for all 5 years;

Cost of gas: $25 million;

Operating and other expenses: $4 million;

Initial working capital expenses: $1 million;

Project’s assets estimated resale value: $65 million.

The project is subject to a tax rate of 30%,

Anticipated clean-up expense: $1.0 million.

The investment is eligible for $1.0 million investment tax credit.

The weighted average cost of capital (WACC) of the project is 5%.

Using these data,

1. calculate the following cash flows associated with the project: (i) Net initial investment outlay; (ii) Net operating cash flows (NOCF) also known as CFAT and (iii) net salvage value, and
2. assuming that the net operating cash flows will remain the same for all 8 years, calculate the NPV and the IRR of the project.

Net initial investment outlay:

-I_o – W –(1-t)E₀ + [S_o – t(S₀-B₀] + I_c

Net operating cash flow:

(1-t)(R – C) + t(D)

Net salvage value:

S – t(S – B) – (1 – t)REX + W

Wait-Times (Raw Data, Software Required):
There are three registers at the local grocery store. I suspect the mean wait-times for the registers are different. The sample data is depicted below. It gives the wait-times in minutes.

The Test: Complete the steps in testing the claim that there is a difference in mean wait-times between the registers.

(a) What is the null hypothesis for this test?

H₀:  μ₁ ≠ μ₂ ≠ μ₃.

H₀: At least one of the population means is different from the others.    

H₀:  μ₁ = μ₂ = μ₃.

H₀:  μ₂ > μ₃ > μ₁.

(b) What is the alternate hypothesis for this test?

H₁:  μ₂ > μ₃ > μ₁.H₁:  

μ₁ = μ₂ = μ₃.    

H₁: At least one of the population means is different from the others.

H₁:  μ₁ ≠ μ₂ ≠ μ₃.

(c) Use software to get the P-value of the test statistic ( F ). Round to 4 decimal places unless your software automatically rounds to 3 decimal places.
P-value =

(d) What is the conclusion regarding the null hypothesis at the 0.01 significance level?

reject H₀

fail to reject H₀    

(e) Choose the appropriate concluding statement.

We have proven that all of the mean wait-times are the same.

There is sufficient evidence to conclude that the mean wait-times are different.    

There is not enough evidence to conclude that the mean wait-times are different.

(f) Does your conclusion change at the 0.10 significance level?

Yes

No    

Wait-Times (Raw Data, Software Required):
There are three registers at the local grocery store. I suspect the mean wait-times for the registers are different. The sample data is depicted below. It gives the wait-times in minutes.

The Test: Complete the steps in testing the claim that there is a difference in mean wait-times between the registers.

(a) What is the null hypothesis for this test?

H₀:  μ₂ > μ₃ > μ₁.

H₀: At least one of the population means is different from the others.    

H₀:  μ₁ = μ₂ = μ₃.

H₀:  μ₁ ≠ μ₂ ≠ μ₃.

(b) What is the alternate hypothesis for this test?

H₁:  μ₁ = μ₂ = μ₃.

H₁: At least one of the population means is different from the others.    

H₁:  μ₁ ≠ μ₂ ≠ μ₃.

H₁:  μ₂ > μ₃ > μ₁.

(c) Use software to get the P-value of the test statistic ( F ). Round to 4 decimal places unless your software automatically rounds to 3 decimal places.
P-value =  

(d) What is the conclusion regarding the null hypothesis at the 0.05 significance level?

reject H₀

fail to reject H₀    

(e) Choose the appropriate concluding statement.

We have proven that all of the mean wait-times are the same.There is sufficient evidence to conclude that the mean wait-times are different.    There is not enough evidence to conclude that the mean wait-times are different.

(f) Does your conclusion change at the 0.01 significance level?

Yes

No    

The goal of this assignment is to write five short Java/Pyhton programs to gain practice with expressions, loops and conditionals.

1. Boolean and integer variables and Conditionals.

Write a program Ordered.java that reads in three integer command-line arguments, x, y, and z.   Define a boolean variable isOrdered whose value is true if the three values are either in strictly ascending order  (x < y < z) or in strictly descending order  (x > y > z), and false otherwise.

Print out the variable isOrdered using System.out.println(isOrdered).

% java Ordered 10 17 49

true

% java Ordered 49 17 10

true

% java Ordered 10 49 17

false

2. Type conversion. There are a number of different formats for representing color.  RGB format specifies the level of red (R), green (G), and blue (B) on an integer scale from 0 to 255:

It is the primary format for LCD displays, digital cameras, and web pages. CMYK format specifies the level of cyan (C), magenta (M), yellow (Y), and black (K) on a real scale of 0.0 to 1.0:

It is the primary format for publishing books and magazines.

Write a program RGBtoCMYK.java that reads in three integers red, green, and blue from the command line and prints out equivalent CMYK parameters. The mathematical formulas for converting from RGB to an equivalent CMYK color are:

Hint.   Math.max(x, y) returns the maximum of x and y.

        % java RGBtoCMYK 75 0 130       // indigo

cyan    = 0.423076923076923

magenta = 1.0

yellow  = 0.0

black   = 0.4901960784313726

If all three red, green, and blue values are 0, the resulting color is black (0 0 0 1).

Problem 3. Carleton agency, a VHWO, conducts two programs: medical services and community information services. It had the following transactions during the year ended June 30, 2016:

1. Received the following contributions:

2. Collected the following pledges:

3. Received the following unrestricted cash flows from:

4. Program expenses incurred (processed through vouchers payable):

5. Services expenses incurred (processed through vouchers payable):

6. Purchased fixed assets:

Fixed assets purchased with donor-restricted cash $18,000.

Carleton's policy is to release donor restrictions when assets are placed in service.

7. Depreciation of all buildings and equipment in the land, buildings, and equipment fund was allocated as follows:

8. Vouchers paid: Paid vouchers payable $330,000

Instructions Record journal entries for the preceding transactions. Number your journal entries to coincide with the preceding transaction numbers. (AICPA adapted)

Fixed Asset Discussion:

1. Identify a type of company in your pathway that might purchase fixed assets (see suggestions below).
2. List 5 fixed assets that they might purchase to run their business.
3. Select one depreciable fixed asset. Based on research suggest what the cost, residual value and estimated life might be for that fixed asset.
4. Using your assumptions above, calculate:
   1. Straight-line depreciation per year.
   2. Declining Balance depreciation for each of the first two years
   3. Units of Production depreciation (make assumptions about the total expected use and the first two year’s use), for each of the first two years.
5. Suggest which depreciation method might be more appropriate and why.

Examples of sectors/industries in pathways could be:

• AHCD: Media, Dance, Theater, Film production, Graphics design or Architecture
• Business: Tourism/Leisure, Telecommunications, Retailers, Computers, Equipment, Food and Beverage Products, Real Estate, Technology Hardware, Toys, Commercial Services, Financial Services, any business is acceptable
• Education: Non-Profit Services, Public Agency, Child care, Charter schools, Universities
• Health Sciences: Health Care Services, Healthcare Products, Hospital, Household Products, Chemicals
• IMCT: Aviation, Construction, Construction Materials, Logistics, Automotive, Mining
• Public Safety:   Equipment providers for the industry, Public Agency, Non-Profit Services
• STEM: Engineering, Computers. Chemicals, Energy, Energy Utilities, Technology Hardware
• SGSHS: Healthcare Services, Non-Profit Services, Media, Public Agency

A random sample of fifty si ​200-meter swims has a mean time of 3.06 minutes and the population standard deviation is 0.08 minutes. Construct a 95​% confidence interval for the population mean time. Interpret the results.In a random sample of 50 ​refrigerators, the mean repair cost was $136.00 and the population standard deviation is​$19.1019.10. A 90​% confidence interval for the population mean repair cost is (131.56,140.44). Change the sample size to n=100. Construct a 90% confidence interval for the population mean repair cost. Which confidence interval is​ wider? Explain.

Construct a 90% confidence interval for the population mean repair cost.

The 95​% confidence interval isA random sample of thirty-seven ​200-meter swims has a mean time of 3.591 minutes. The population standard deviation is 0.080 minutes. A 90​% confidence interval for the population mean time is (3.569,3.613). Construct a 90​% confidence interval for the population mean time using a population standard deviation of 0.03 minutes. Which confidence interval is​ wider? Explain.

The 90​% confidence interval is

The 95​% confidence interval is

You are given the sample mean and the population standard deviation. Use this information to construct the​ 90% and​ 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If​ convenient, use technology to construct the confidence intervals.

A random sample of 35 home theater systems has a mean price of ​$128.00. Assume the population standard deviation is ​$15.90. Find the 90% and 95% of confidence interval.

Select a company in your pathway that maintains inventory. Don't use a company that someone has already used. Please put the company's name as the subject of your post. (No posting the company name only to hold it. You must make a full post or I will delete it.)

Access a recent (less than 12 months) annual 10-K report for the company at the EDGAR filings at SEC Edgar search tool or Yahoo or Google finance. Review the report and in a minimum of three paragraphs, tell us the following:

1. When the report was filed and the time period it covers, indicating specific dates.
2. What are the company's major product lines?
3. What inventory methods do they use? (Hint: see the Notes of the financial statements)
4. List the major types of the inventory and their values.
5. Include two other items that you found interesting about the financial statements.

Examples of businesses in pathways could be:

• AHCD: Dance, Theater, Film production, Social media, Graphics design or architecture business
• Business: Accounting office, caterer, advertising firm, dry cleaner, restaurant, any business is acceptable
• Education: K-12 tutoring, Child care, Charter schools
• Health Sciences: Dr. or Dentist office, PT office, Hospital, Insurance co,
• IMCT: Engineering Co., Aviation maintenance, Aviation distribution, Supply Chain Management
• Public Safety: Law office, PI, Equipment providers for the industry
• STEM: Engineering Co., Vet. Office, Computer Services co.
• SGSHS: Psychology office, Non-profit agencies, Social Media

21) The weight of a bouquet of a dozen roses has a bell-shaped distribution with mean 30 oz and standard deviation 2 oz. One bouquet had a z-score of -3.25. Which is correct?

a) This bouquet could be considered to be an outlier because its weight is way above average.

b) This bouquet is 3.25 standard deviations above the mean

c) This bouquet could be considered to be an outlier because its weight is way below average.

d) This bouquet is about average in weight.

e) This bouquet is 3.25 standard deviations below the mean.

22) Find the regression line for the given data. Make sure you use LinReg(a+bx) on your calculator.

a) y = 2x - 50.4

b) y = 50.4

c) y = 2.5x + 45

d)None of these

23) The demand for vegetarian sandwiches each day for eight consecutive days is given below. Find the interquartile range (IQR).

16 19   25   24   26   22   44   28

a) 55

b) 10

c) 44

d) 6.5

e) 30.5

24) The number of seats in a movie theater. Determine whether the data is from a discrete or continuous data set.

a) Discrete

b) Continuous

25) Which of the following numerical summary measures cannot be easily approximated from a box plot?

a) Median

b) IQR

c) Q1

d) Range

e) Variance

b) Continuous