Audubon Advisors is a volunteer student organization that uses business skills they’ve learned in their MBA program to advise local charity groups about business decisions. One charity group is planning to make and sell cutting boards at a major cooking show. The boards cost $6 each to make and will sell for $20 each. The boards will be made by volunteers at the show and all materials not used can be returned. That is, the group will make only the number of boards it can actually sell. The cooking show allows three options for groups selling at the show:
A. Pay a fixed booth fee of $5,600
B. Pay a fee of $3,800 plus 10% of all revenue from the boards sold at the show
C. Pay 25% of all revenues from boards sold at the show.
1. Compute the CM per board under each of the three options.
2. Compute the breakeven point in number of boards for each of the three options.
3. Which payment plan has the lowest risk of loss for the charity group? Why?
4. Which payment plan has the highest profit potential assuming that there is very high demand for the boards? Why?
In: Accounting
Use Excel to answer. A college admission officer for an MBA program determines that historically candidates have undergraduate grade averages that are normally distributed with standard deviation of .45. A random sample of 25 applications from the current year yields a sample mean grade point average of 2.90.
Hint: first calculate α/2 using either the lower bound (2.81) or upper bound (2.99); then calculate α. Finally, calculate the probability content of the interval, which is (1- α). And make sure you use the standard error, not the standard deviation, to calculate α/2.
In: Statistics and Probability
Scenario: Upon successful completion of the MBA program, imagine you work in the analytics department for a consulting company. Your assignment is to analyze one of the following databases:
Select one of the databases based on the information in the Signature Assignment Options.
Provide a 1,600-word detailed, four part, statistical report with the following sections:
Part 1 - Preliminary Analysis
Generally, as a statistics consultant, you will be given a problem and data. At times, you may have to gather additional data. For this assignment, assume all the data is already gathered for you.
State the objective:
Describe the population in the study clearly and in sufficient detail:
Discuss the types of data and variables:
Part 2 - Descriptive Statistics
Examine the given data.
Present the descriptive statistics (mean, median, mode, range, standard deviation, variance, CV, and five-number summary).
Identify any outliers in the data.
Present any graphs or charts you think are appropriate for the data.
Note: Ideally, we want to assess the conditions of normality too. However, for the purpose of this exercise, assume data is drawn from normal populations.
Part 3 - Inferential Statistics
Use the Part 3: Inferential Statistics document.
Hint: A final conclusion saying "reject the null hypothesis" by itself without explanation is basically worthless to those who hired you. Similarly, stating the conclusion is false or rejected is not sufficient.
Part 4 - Conclusion and Recommendations
Include the following:
In: Statistics and Probability
A survey of MBA graduates of a business school obtained data on the first-year salary after graduation and years of work experience prior to obtaining their MBA. The data are given in excel.
1. Run the regression analysis (Include all options). Report the least squares regression line. Give the 95% confidence interval for the least squares estimate of the slope. Report the correlation coefficient. Interpret. Report the coefficient of determination. Interpret. and Use the ANOVA output and write out the hypothesis being tested, the test statistic, the critical value, p-value, and fully write out the conclusion.
| Experience | Salary |
| 8 | 113.9 |
| 5 | 112.5 |
| 5 | 109 |
| 11 | 125.1 |
| 4 | 111.6 |
| 3 | 112.7 |
| 3 | 104.5 |
| 3 | 100.1 |
| 0 | 101.1 |
| 13 | 126.9 |
| 14 | 97.9 |
| 10 | 113.5 |
| 2 | 98.3 |
| 2 | 97.2 |
| 5 | 111.3 |
| 13 | 124.7 |
| 1 | 105.3 |
| 5 | 107 |
| 1 | 103.8 |
| 5 | 107.4 |
| 5 | 100.2 |
| 7 | 112.8 |
| 4 | 100.7 |
| 3 | 107.3 |
| 3 | 103.7 |
| 7 | 121.8 |
| 7 | 111.7 |
| 9 | 116.2 |
| 6 | 108.9 |
| 6 | 111.9 |
| 4 | 96.1 |
| 6 | 113.5 |
| 5 | 110.4 |
| 1 | 98.7 |
| 13 | 120.1 |
| 1 | 98.9 |
| 6 | 108.4 |
| 2 | 110.6 |
| 4 | 101.8 |
| 1 | 104.4 |
| 5 | 106.6 |
| 1 | 103.9 |
| 4 | 105 |
| 1 | 97.9 |
| 2 | 104.6 |
| 7 | 106.9 |
| 5 | 107.6 |
| 1 | 103.2 |
| 1 | 101.6 |
| 0 | 99.2 |
| 1 | 101.7 |
| 6 | 120.1 |
In: Statistics and Probability
Compute in excel
A college admission officer for an MBA program determines that historically candidates have undergraduate grade averages that are normally distributed with standard deviation of .45. A random sample of 25 applications from the current year yields a sample mean grade point average of 2.90. (i) Find a 95% confidence interval for the population mean, μ. (Round the boundaries to 2 decimal places.) (ii) Based on the same sample results, a statistician computes a confidence interval for the population mean as 2.81< μ < 2.99. Find the α for this interval and the probability content (1- α) as well. (Round to 4 digits.) (Note: the correct α is a higher number than traditional α used; so don’t worry if your number “looks” wrong!) Hint: first calculate α/2 using either the lower bound (2.81) or upper bound (2.99); then calculate α. Finally, calculate the probability content of the interval, which is (1- α). And make sure you use the standard error, not the standard deviation, to calculate α/2.
In: Math
his questions comes under MBA 5005 in a question for a paper. Legal and Ethical Challenges in a Multinational Organization. identify potentional ethical issues and propose recommendations legal and ethical. have 10 part question and stuck on a few of these questions and Scenarios.
Scenarios 4: A Walexron employee, Lou Scannon, leaked the findings of the safety study to the public and a consumer watchdog group. In a press conference called by Scannon, Lou explanined the safety testing process for the Ranger Helicopter and results in details. Walexron hired Scannon as Director of Purchasing in 2012 and offered him a five year contract. In January 2013, Scannon verbally agreed to a confidentiality provision as an addition to his 5-year written employment contract.
Question: Is the Confidentiality provision within Scannon's employment contract valid?
In: Operations Management
On November 1, 2020, Carla Company adopted a stock-option plan
that granted options to key executives to purchase 33,900 shares of
the company’s $9 par value common stock. The options were granted
on January 2, 2021, and were exercisable 2 years after the date of
grant if the grantee was still an employee of the company. The
options expired 6 years from date of grant. The option price was
set at $30, and the fair value option-pricing model determines the
total compensation expense to be $508,500.
All of the options were exercised during the year 2023: 22,600 on
January 3 when the market price was $65, and 11,300 on May 1 when
the market price was $74 a share.
Prepare journal entries relating to the stock option plan for the
years 2021, 2022, and 2023. Assume that the employee performs
services equally in 2022 and 2023.
In: Accounting
On Friday June 19, 2020, the newspaper El Nuevo Día published the news "GM Sectec and Visa educate about digital payments." The news discussed how the pandemic has required companies to adopt technologies for processing electronic payments. The idea is to reduce the use of dollars and cents as payment tools as this can increase the risk of contagion. However, in addition to reducing contagion, the decrease in the use of currencies as payment tools is also a mechanism to reduce the risk of loss of cash, the most liquid asset of companies.
Discuss reasons why electronic payment methods are considered a tool to decrease fraud and cash theft. Consider both whether the company issues payments through electronic methods and how customers pay the company through electronic methods. Discuss what other risks arise from the use of electronic methods.
In: Accounting
Metlock Company leased equipment from Costner Company, beginning
on December 31, 2019. The lease term is 5 years and requires equal
rental payments of $75,477 at the beginning of each year of the
lease, starting on the commencement date (December 31, 2019). The
equipment has a fair value at the commencement date of the lease of
$320,000, an estimated useful life of 5 years, and no estimated
residual value. The appropriate interest rate is 9%.
Click here to view factor tables.
Prepare Metlock’s 2019 and 2020 journal entries, assuming Metlock
depreciates similar equipment it owns on a straight-line basis.
(Credit account titles are automatically indented when
the amount is entered. Do not indent manually. For calculation
purposes, use 5 decimal places as displayed in the factor table
provided and round final answers to 0 decimal places, e.g.
5,275.)
In: Accounting
On January 10, 2017, a fire destroyed a warehouse owned by NP Company. NP’s adjusted basis in the warehouse was $575,000. On March 12, 2017, NP received a $740,000 reimbursement from its insurance company. In each of the following cases:
In: Accounting