In 2006, the top ten nations with the highest HDI rating are listed below. Each observation shows a country and in parentheses the proportion of women in that country’s parliament and the HDI Score (% women, HDI Score). Norway (38, .94), Iceland (33, .90), Australia (28, .93) Ireland (14, .92), Sweden (45, .91), Canada (24, .91), Japan (11, .89), United States (15, .92), Switzerland (25, .93), Netherlands (34, .92). (i.e. the US had 15 percent of seats held by women and an HDI score of .92)

a) Calculate the mean and the standard deviation for the percentage of seats in parliament held by women in these states.

b) Calculate the mean and the standard deviation for HDI index and interpret your results.

c) Calculate the correlation between the HDI index score and the percentage of seats in the country’s parliament held by women.

d) Calculate the coefficient on the HDI score of a regression in which the HDI score is the independent variable and the proportion of seats held by women is the dependent variable.

e) Calculate the r2 from this simple regression model.

f) Input these observations into Stata and show (simply circle or highlight) where the answers to (c), (d), and (e) appear in the regression output. (Here it is ok to paste Stata output into your answer.)

1. During the height of the real estate boom in 2006, brokers offered loans with
little concern about whether or not the borrowers could make the payments. The brokers were
then able to sell the loans to investors for a high fee. Which of the following best describes this
scenario?
A. The brokers were acting in their own self-interest and not in the interest of the investors.
This is an example of the moral hazard problem.
B. The brokers were acting in their own self-interest and not in the interest of the investors.
This is an example of the adverse selection problem.
C. The borrowers acted in their own self-interest and not in the interest of the brokers. This
is an example of the moral hazard problem.
D. The borrowers acted in their own self-interest and not in the interest of the brokers. This
is an example of the adverse selection problem.

2. According to the Consumer Financial Protection Bureau, millions of Americans
do not have credit enough credit history to create a credit score. These consumers often face
the worst credit terms. Which of the following best describes why?
A. Without a credit score, lenders cannot tell high risk borrowers from low risk borrowers.
Lenders treat all borrowers as high risk. This is an example of the moral hazard problem.
B. Without a credit score, lenders cannot tell high risk borrowers from low risk borrowers.
Lenders treat all borrowers as high-risk. This is an example of the adverse selection
problem.
C. When making loans to borrowers without a credit score, lenders act in their own self
interest and not the interest of the borrower. This is an example of the moral hazard
problem.
D. When making loans to borrowers without a credit score, lenders act in their own self
interest and not the interest of the borrower. This is an example of the adverse selection
problem.

3.
Which balance sheet item generates the most revenue for banks?
A. Loans
B. Treasury securities
C. Reserves held at the Federal Reserve
D. Vault cash
E. Equity Securities

4.) Sally takes $1000 in currency and deposits it in a savings account at First
National Bank. The value of the deposit is
A. an asset for First National Bank and a liability for Sally.
B. an asset for First National Bank and an asset for Sally.
C. a liability for First National Bank and an asset for Sally.
D. a liability for First National Bank and a liability for Sally.

5. If interest rates on all types of assets increase, the present value of a banks’
current portfolio of loans . At the same time, the profitability of future loans .
A. rises/rises
B. falls/falls
C. falls/rises
D. rises/falls

6. Bank runs were fairly common in the United States prior to the Great Depression.
Which of the following best describes why bank runs no longer occur?
A. Capital requirements have increased and banks are much less likely to fail.
B. The Federal Reserve will loan any bank that needs liquidity funds to satisfy withdrawal
requests.
C. The Federal Deposit Insurance Corporation (FDIC) insures all deposits below $250,000.
D. The Glass Steagall act separated commercial banks from investment banking and insurance
companies, making banks far less likely to fail.
E. The Riegle-Neal Interstate Banking act of 1994 allowed

15 years ago,

A. the top 10 biggest banks were larger and there were more banks in total.
B. the top 10 biggest banks were smaller and there were more banks in total.
C. the top 10 biggest banks were smaller and there were fewer banks in total.
D. the top 10 biggest banks were larger and there were fewer banks in total.

Strayer, D. L., Drews, F. A., & Crouch, D. J. (2006). A comparison of the cell phone driver and the drunk driver. Human factors, 48(2), 381-391.

Identify the independent and dependent variable(s) studied. State the research hypothesis(es) concerning the variables that were studied. Identify the participants. Include any subject characteristics that were used as variables. State the major results of the study in terms of the hypothesis(es) and the conclusions drawn by the researcher(s). Paraphrase, using your own words; avoid using direct quotes. You don’t need to include all the statistics, just key results information. State your opinion of the study. Do you think the study was well-designed and conducted?

Arden and Plomin (2006) published a study reporting that IQ scores for boys are more variable than IQ scores for girls. A researcher would like to know whether this same phenomenon applies to other measures of cognitive ability. A standard cognitive skills test is given to a sample of n = 15 adolescent boys and a sample of n = 15 adolescent girls, and resulted in the following scores. Boys Girls 9 5 3 9 7 6 5 4 6 7 5 2 4 8 8 6 4 7 6 8 7 4 9 7 3 5 7 8 6 5 1) Calculate the mean and the standard deviation for each group. Boys: Girls: 2) Based on the means and the standard deviations, describe the differences in intelligence scores for boys and girls. A- The girl's mean intelligence score is HIGHER THAN, LOWER THAN, OR THE SAME AS that the boy's scores. B- The boys’ scores are AS VARIABLE AS, LESS VARIABLE THAN, OR MORE VARIABLE THAN the girls’ scores?

In July, 2006, a member of the audit team auditing Belhaven University’s annual report was carrying his laptop while walking to his car parked in the street. He was mugged and his wallet and laptop was stolen. The laptop contained audit documentation with sensitive personal information about employees, including their social security numbers. According to Belhaven’s president, Roger Parrott, the stolen computer had “several sophisticated levels of security” and it was unlikely that the thief would be able to extract any information. (1) Do you think that the auditors violated GAAS by allowing the information to be stolen? Why or why not? (2) Since a laptop might get stolen (or simply crash), what steps do you think an auditor should take to prevent losing the information in it?

The U.S. Census Bureau signed a $600 million contract with Harris corporation in 2006 to build 500,000 devices, but still weren’t sure which features they wanted included in the units. Census officials did not specify the testing process to measure the performance of the handheld devices. Four hundred change requests were added to the project requirements. Two years and hundreds of millions of taxpayer dollars later, the handhelds were far too slow and unreliable to be used for the 2010 U.S. census.

• What could Census Bureau management and the Harris Corporation have done to prevent this outcome?

Be sure to answer all parts. In 2006, an ex-KGB agent was murdered in London. Subsequent investigation showed that the cause of death was poisoning with the radioactive isotope 210Po, which was added to his drinks/food. (a) 210Po is prepared by bombarding 209Bi with neutrons. Write an equation for the reaction. Show the mass number and atomic number of all species. Tip: use the sup-subscript button to insert all symbols. (b) Who discovered the element polonium? Marie and Pierre Curie Enrico Fermi (c) The half-life of 210Po is 138 d. It decays with the emission of an α−particle. Write an equation for the decay process. Show the mass number and atomic number of all species. Tip: use the sup-subscript button to insert all symbols. (d) Calculate the energy of an emitted α−particle. Assume both the parent and daughter nuclei to have zero kinetic energy. The atomic masses are: 210Po (209.98285 amu), 206Pb (205.97444 amu), α−particle (4.00150 amu). (Enter your answer in scientific notation). × 10 J (e) Ingestion of 1.0 mg of 210Po could prove fatal. What is the total energy released by this quantity of 210Po, assuming every atom decays? (Enter your answer in scientific notation). × 10 J

3. Vacation Island has only one hotel on the entire island. The demand schedule to rent a room for a-night at the hotel is given bellow. Price per night Quantity demanded $150 0 $130 1 $110 2 $90 3 $70 4 $50 5 $30 6 a) Calculate the hotel’s total revenue and its marginal revenue. Fill in the table below. Price Quantity Total Revenue Marginal Revenue $150 0 - $130 1 $110 2 $90 3 $70 4 $50 5 $30 6 b) The marginal costs are listed in the table below. What price will the hotel charge to maximize its profit? Explain. Quantity Marginal Cost 0 - 1 $40 2 $43 3 $50 4 $61 5 $76 6 $95 c) How many rooms will be rented, when the hotel maximizes its profit? Explain.

Given the following spot rates and assuming the bonds and the time periods are semi-annual:

Time Spot Rate 1 3.00% 2 3.30% 3 3.50% 4 3.90% 5 4.40% 6 4.75% 7 4.95% 8 5.05% 9 5.15% 10 5.25% 11 5.40% 12 5.50% 13 5.60% 14 5.65% 15 5.75% 16 5.80%

1.What is the price of a 4% coupon bond maturing in 5 years?

2. What is the YTM on the above bond?

3. What is the implied forward rate on a two-year bond issue in 18 months?

4. What is the implied forward rate on a 1-year bond issued in 5 years?

5. Suppose a 3-year, 0-coupon bond for delivery in 2 years traded in the futures market. What should its price be?

Company A sells blankets. The following transactions occurred during March:

The journal entries for March 25 include a credit of $4,200 to which account?

Select one:

a. accounts payable

b. cost of goods sold

c. inventory

d. sales revenue