‘Mauritius declared a "state of environmental emergency" on August 7, 2020 after Japanese-owned cargo ship MV Wakashio ran aground on a coral reef, leaking 1,000 tons of oil onto pristine coasts. The island blue economy became a trash economy overnight. The oil from the ship threatens sea life already imperiled by climate change. In the same vein, according to marine ecologist from Mauritius, Fishermen community too, will suffer the consequences for years to come. This devastating oil spill has even poisoned fish and can even make humans sick if consumed.

In a similar way, it also deepens wounds in a tourism industry hurting from the pandemic. In fact, tourism provides jobs for an estimated 1 in 5 of its workers.

But the industry collapsed after the government cut the island off from the rest of the world to protect it from the corona virus pandemic. For shuttered hotels and restaurants, an ecological disaster on top of that might now be too much to bear.

Use appropriate supply and demand diagrams to analyse the effects on the market equilibrium price and quantity traded of fish, following:

Price elasticity of demand (PED) & Income Elasticity of demand (YED) is an important tool for private firms. It helps in decision making.

(a) Explain how a Hotel manager can use the concept of price elasticity of demand and   income elasticity of demand in this low season.                            

(b) Evaluate economic policies that the government of Mauritius can adopt to increase economic growth.                              

22. Dole's Fruit Cups provides point of purchase displays to its retail partners (i.e. those who carry Dole's Fruit Cups in their stores). Dole's uses a ___________ strategy.

1. pull
2. push
3. puffery
4. publicity
5. posttesting

23. Cartwell is a brand of luxury watches that is very concerned with maintaining a high-end image. They only sell watches in their own stores, and to a few retail partners who they have designated as authorized dealers. What distribution intensity is Cartwell using?"

1. intensive
2. selective
3. exclusive
4. discerning
5. prestige

24. Retailer B is angry because Retailer A has begun opening stores in upstate New York. Retailer B sees upstate New York as "their territory" and confronts Retailer A about the recent store openings. These two retailers are experiencing:

1. vertical conflict
2. horizontal conflict
3. marketing channel management
4. coercive power
5. legitimate power

25. Kyle knows that his summer travel packages are the best deal around. He also knows his competitor is not as good, often waiting a long time to provide the tickets and hotel reservations. Kyle wants to develop an advertisement that focuses on the key benefits he provides. He will make an ad with a(n) __________ appeal.

1. emotional
2. niche marketing              
3. informational
4. institutional
5. reminder

26. "Imagine that there is a widget, and demand for this widget increases by 20% when the price decreases by 5%. It could be said that this widget has ___________ demand."

1. elastic
2. inelastic
3. income-sensitive
4. cross-price elasticity
5. uniform

1.2 If we were to say that two variables are positively related, this means that:

a) The relationship between the two would graph as a line sloping downward.

b) The relationship between the two would graph as a horizontal line.

c) The relationship between the two would graph as a line sloping upward.

d) The relationship between the two cannot be depicted graphically in any simple way.

1.3 If there is an increase in the price of red meat, a substitute in production for milk, then:

a) The supply of milk will increase.

b) The demand for milk will decrease.

c) The supply of milk will decrease.

d) There will be a movement along the supply curve for milk.

1.4 In the market for air travel, which of the following variables would decrease demand, ceteris paribus?

a) An increase in rental rates for hired cars, a substitute.

b) A rise in income of tourists.

c) A rise in the price of air travel.

d) A rise in the price of hotel accommodation, a complement.

1.5 If the cross elasticity of demand between tablets and smart phones is 2,0, this implies that these goods are:

a) Luxuries.

b) Complements.

c) Necessities.

d) Substitutes.

1.6 Nonjabulo thinks that McDonald’s hamburgers are the best – much better than Steers’ – while Anne cannot tell the difference:

a) Anne’s demand for McDonald’s hamburgers is likely to be more price elastic than Nonjabulo’s.

b) Nonjabulo’s demand for McDonald’s hamburgers is likely to be more price elastic than Anne’s.

c) Anne’s demand for all hamburgers is less price elastic than Nonjabulo’s.

d) Nonjabulo’s demand for all hamburgers is more price elastic than Anne’s

Case 2: Emily, an attractive 23-year-old secretary works for Cover-the-Earth Enterprises, a regional sales company employing over 200 employees. In late 2017, Emily is reassigned to work for Dan, a 60-year-old district sales manager. Dan often makes joking remarks to Emily about meeting after work at the Empty Arms Hotel in order to "get to know each other a little better." Emily is amused and laughs at Dan's suggestive remarks, retorting that he is much too old for that nonsense, or that "even if I did agree, you'd probably die of embarrassment or a massive heart attack."

Dan always laughs at Emily's witty retorts. Dan and Emily never meet after work, but often tease each other and engage in this form of repartee in the work area.

a.  Can the complaining party can establish a prima facie case under Title VII.  Why (you must justify your answer based on your knowledge of EEO laws)? (5 points)

b.  If so, identify the type (i.e., racial harassment, mixed motive, sex-plus, quid pro quo sexual harassment, hostile environment sexual harassment etc.). (2 points)

c.  Based only on the information provided, who will prevail--the respondent or the complaining party? Why? (4 points)

b. Based only on the information provided, who will prevail--the respondent or the complaining party? Why? (4 pts)

1. Based on the sample, the 95% confidence interval for the blood level of inorganic phosphorous is (1.153, 1.247). Which one of teh following statements is a correct interpretation of this interval? A. If we took 100 additional samples of the same size and from each compute a 95% confidence interval, 95 of the intervals are identical to (1.153, 1.247). B. There is a 95% chance that the sample average inorganic phosphorus level of a random sample of 12 healthy elderly subjects is in between 1.153 mmol/l and 1.247 mmol/l. C. We are 95% confident that the true mean phosphorous level is in between 1.153 and 1.247 mmol/l. D. There is a 95% chance that the true mean phosphorous level is in between 1.153 mmol/l and 1.247 mmol/l.

2. In Sharon Woods Park, a biologist is trapping chipmunks to study their population. Let A be the event that the chipmunk is male and B be the event the chipmunk is pregnant. Which of the following is true about A and B? A. A and B are independent B. P(A) = 1- P(B) C. All of the given options are true. D. P(A or B) = P(A) + P(B)

3. Hodgkin lymphoma is one of the most curable forms of cancer. The five-year survival rate for this cancer is 72%. If three unrelated (independent) patients are newly diagnosed with Hodgkin lymphoma, the probability that none of the three survive for five years is 0.022. What is the probability that at least one survives for five years? A. 0.72 B. 0.76 C. 0.978 D. 0.575

Assess the following travel expense:

On 11 November 2019, Marc travels to Chicago to attend the annual International engineering conference held by the International Engineers Association (IAE). The purpose of this conference is to update practising engineers on the latest engineering trends and developments in the industry.

            Marc believes that the conference will prove to be very useful for keeping him up-to-date on aspects of engineering that relate to his job. Marc personally paid all of the following costs relating to the conference.

            The costs of the overseas trip are detailed below (all amounts are expressed in Australian dollars):

                                                                                                                                                 $

• economy class airfare from Brisbane to Chicago and back                                3,494
• 3 nights accommodation at the Westin Hotel in Chicago                                      912
• IAE conference registration fee                                                                          1,560
• meals for three days while attending the conference                                             180
• dinner (consisting of a steak a glass of red wine purchased at Los Angeles

International Airport (which was a two-hour stopover en route to Chicago)            42

• taxi fares to and from airports                                                                                168
• ticket to the Chicago White Sox baseball game (who were playing

the Boston Red Sox)                                                                                             240

            The dates of Marc's flight was departing Brisbane on Saturday 9 November 2019 and arriving in Chicago on Sunday 10 November 2019, and then departing Chicago on Thursday 14 November 2019 and arriving back in Brisbane on Saturday 16 November 2020.

            Marc advises you that he has kept receipts for all of the above expenses and has kept the appropriate travel diary for taxation purposes.

8) A psychological experiment finds that all paranoid schitzophrenics have eye contact

               times in the bottom 10 percent. Find the cutoff score for them if the average eye

               contact time is 200 seconds and the standard deviation is 35 seconds.

               a) 20            b) 39               c) 69.8            d) 155               e) 200

9) If the chance of getting a broken cookie is .05, what is the probability of getting two

               or more broken cookies in a bag of 40 cookies? Use correction for continuity.

               a) .74           b) .358           c) .64             d) .09             e) .19

10) The mean blood glucose level in adults is 85 with a standard deviation of 25. What is

                 the probability of finding a three reading average greater than 100?

                  a) .1493                b) .274             c) .0228             d) .04               e) .360

11) The National Center for Educational Statistics surveyed 5400 college graduates about

                 the lengths of time required to earn their bachelors degrees. The mean is 5.4 years and

                 the standard deviation is 1.9 years. Based on this sample, construct a 90% confidence

                 interval for the mean time required by all college graduates

                 a) 4.09-4.22           b) 5.36 - 5.44             c) 5.74-5.96          d) 4.37-6.06

12) Given that the average shower time at a hotel is 11.4 minutes with a standard deviation    

                 of 7 minutes, what is the probability that a group of 20 guests will shower on average

                 between 11.5 and 11.6 minutes?

                a) .10               b) .42              c) .1253             d) .20           e) .0253

II. For each of the following unsupported claims, indicate whether or not it would be reasonable to accept the claim. Also state the criteria you use in reaching your decision.

1. Tigers live in Africa.

2. There are wolves in Yellowstone National Park.

3. Black cats bring bad luck.

4. Ninety-eight percent of statistics are just made up.

5. Dunleavy Ford: Nobody sells for less. (heard on the radio)

6. The closest star to the earth, other than the sun, is Proxima Centauri. (said by your astronomy instructor)

7. I fought in World War II. (said by a man who appears to be about forty-five years old)\

8. There is no hard scientific evidence that smoking is addictive. (said by a tobacco company executive)

9. Parts of Alaska are farther west than Hawaii. (overheard on the bus)

10. Parts of Alaska are farther west than Hawaii. (said by your geography instructor)

11. Analgex brand aspirin: Nothing works stronger or faster on your tough headaches. (said by a paid sports celebrity)

12. I read the entire Encyclopedia Britannica last summer. (said by a stranger at a party)

13. Most hate crimes in this country are not committed against African Americans or Jews. They are committed against evangelical Christians. (said by the late TV evangelist Jerry Falwell)

14. Did you know that gun control laws actually increase the violent crime rate? (statement on anti–gun control Web page)

15. A Space Alien Tried to Mate with My Harley!

1. The research around Leona’s Tacos has created quite a buzz and business is great. Leona is planning on expanding her menu and she’s going to start with a new taco filling. She is considering her own black bean mix “Savor” and Hadey’s famous braise of seitan “Praise”. She naturally performs a blind taste test with 20 randomly selected judges from Avocado Park. Each judge is randomly served a taco filled with either “Savor” or “Praise” and asked to assess the experience using a rubric that results in a score from 0-100. Leona’s findings can be found in the data below questions
   1. Identify the populations of interest.
   2. Identify the variable of interest.
   3. What type of variable is being studied here?
   4. What would be a suitable parameter for determining if the taco filling receive different scores?
   5. Write a null hypothesis for Leona’s study.
   6. Write an alternative hypothesis for Leona’s study.
   7. Leona decides to use a significance level of 0.05. What conditions must be met to test the hypothesis in part e?
   8. Calculate a P-Value for your null hypothesis from part e and make a decision about the null hypothesis based on this P-Value and the significance level stated in part g.
   9. Summarize your decision from part h.

"Savor"BlackBeans: 71, 80, 81, 77, 82, 72, 79, 85, 78, 76

"Praise"Seitan: 83, 79, 77, 85, 80, 86, 78, 84, 83, 80

Suppose that you are responsible for making arrangements for a business convention and that you have been charged with choosing a city for the convention that has the least expensive rooms. You have narrowed your choices to Atlanta and Houston. The table containing samples of prices for rooms in Atlanta and Houston is provided in the Excel Online file below. Construct a spreadsheet to answer the following questions. Because considerable historical data on the prices of rooms in both cities are available, the population standard deviations for the prices can be assumed to be $19.88 in Atlanta and $27.2 in Houston.

Level of Significance 0.05

Based on the sample data, can you conclude that the mean price of a hotel room in Atlanta is lower than one in Houston?