Question 12 is updated. Please answer quickly.

12. Assume that Exhibit B.1 summarizes the 2010 population in the United States by race and gender. Exhibit B.2 presents the number of US residents in the four race/gender categories with each of five different risk factors. Use Exhibit B.3 as a template to calculate the prevalence rate (per 100) of these five risk factors among the four race/gender categories.

B1 White Males 110,941, White females 112,613, Black Males 18, 596, Black Females 20,333

B 2 is the prevalence in thousands. Need to calculate the Prevalence rate in B3

Prevalence (in Thousands)                  Prevalence rate (per 100)

View comments (1)

Health Data:

The table contains a subset of data reported in 2013 by the World Health Organization. Identify the appropriate test to determine if life expectancy in a country can be significantly predicted from the number of physicians per 10,000 people in that country.

Table: Physicians per 10,000 Population and Life Expectancy

Upload a .doc or .pdf file containing the following information (label each portion as "1," "2," etc):

1) Name of your question ("Health Data")

2) Identify the appropriate hypothesis test needed to test for statistical significance and state WHY you chose that test. (1 point)

3) Run the test and upload your output with the portion used to determine significance circled. (2 points)

4) State in words if the result is statistically significant. (1 point)

5) Make the appropriate graph in SPSS (or another computer program) and include the graph in the same file. (2 points)

6) Summarize and interpret your results in 2-3 sentences (using APA format if appropriate). (2 points)

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:

Management is anxious to assess the profitability of the new camp cot during the month of May.

Required:

1. Assume that the company uses absorption costing.

a. Determine the unit product cost.

b. Prepare an income statement for May.

2. Assume that the company uses variable costing.

a. Determine the unit product cost.

b. Prepare a contribution format income statement for May.

1. Identify if the statement is about population parameter or a sample statistic and explain your answer. If it is about a parameter identify the population, and if it is about a sample identify the population and the sample.

A) 33% of all of the teams in the Basketball League are based in United States.

B) A survey of 300 butchers found that the average butcher uses 1000 lbs. of salt each year.

C) After taking measurements from 25,369 people, the Center for Disease Control stated that the average American man weighs 188.2 lbs., and is 6.1” tall.

D)Mrs. Smithy takes her class on a biology field trip, on the day of the field trip only 75% of the class had brought their permission slip.

2.For each of the variables below (given in the form of a survey question), answer the following questions. What level of measurement would be used to measure the variable? Is the variable quantitative or categorical? If the variable is quantitative, is it discrete or continuous?

A) What is your annual income?

B) What is your job/profession/occupation?

C) How thirsty are you right now, on a scale from 1 to 8 (with 1 being not thirsty at all and 5 being thirsty)?

D) What is your height?

E)Have you ever played Monopoly?

Summary:

       The country focus explains that ‘offshoring’ has become a trend for white collar job positions. The expectancy of globalization has become a problem because the loss of jobs on our home country. The idea of labor positions or better referred as ‘blue-collar’ positions where more popular and helped free trade because it helped countries with low-wages. The more high-skilled and wage worthy ‘white-collar’ where traditionally performed in the U.S but due to the slow economy these had to be transferred to countries such as India, and the Philippines. The company’s spokespersons explain that the cost of performance is cheaper and allows for profit to be generated for the company. The IT specialists and drafting positions have been replaced in these developing countries because they are paid twenty-dollar an hour while at our country it would cost a hundred (Hill, 2011). The companies that have taken the steps to this transition are Bank of America, Fluor, and Procter and Gamble proving that offshoring helps increase profit but also increases unemployment rates in the U.S.

Reread the Country Focus “Moving U.S. White-Collar Jobs Offshore.”

b)Will developed nations like the United States suffer from the loss of high-skilled and high-paying jobs?(50 – 75 words).

*Case Study

Utah and Nevada, which lie side by side in the West, are similar in climate, levels of income, level of health care delivery, and many other aspects. Yet Utah residents are reported to be among the healthiest in the United States and Nevada residents among the least healthy. At least on the surface, this difference appears to result as a function of lifestyle choice. Utah is inhabited primarily by Mormons, who by religious doctrine avoid alcohol, cigarettes, and illicit drug use and often live in large, stable families. Alcohol and cigarette consumption is higher in Nevada, and family structure there appears less stable.

1. In regard to health care benefits, should individuals be made responsible for lifestyle choices? For example, would you favor a risk analysis component for health insur- ance deductibles? A person who is a heavy smoker or drinker or a divorced adult would pay higher premiums or deductibles, in the same way that those with poor driving records pay higher auto insurance rates.

2. What prohibitions would you consider putting in place to curb alcohol, cigarette, and drug use?

3. What incentives might be considered to promote stable families, as this seems to have a positive impact on health care costs?

Perform an EPS/EBIT Analysis for the Hershey Company

Problem Statement:

Hershey needs to raise $1Bn to build four new manufacturing plants outside the United States to implement their strategic plan. The Board of Directors and Executive Leadership team are evaluating how best to raise this capital. Complete an analysis to determine the best solution.

Currently, Hershey has the following input for the analysis:

Interest Rate:           3%

Tax Rate:           34%

Stock Price (January 2015)   $106

# of Shares Outstanding:   220Mn

EBIT in 2014 was $1.3Bn so evaluate options based on $1.0Bn and $2.0Bn. For the evaluation, they will consider 100% stock, 100% debt and 50/50 combination.

Prepare an EPS/EBIT analysis for Hershey using the above information.

What recommendation would you give the Board on the source of the capital required?

What recommendation would you give the Board for financing this project?

Mini Case-Your answers must be in your own words to earn credit. Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle DellaTorre, a professional tennis player who has just come to the United States from Chile. DellaTorre is a highly ranked tennis player who would like to start a company to produce and market apparel she designs. She also expects to invest substantial amounts of money through Balik and Kiefer. DellaTorre is very bright, and she would like to understand in general terms what will happen to her money. Your boss has developed the following set of questions you must answer to explain the U.S. financial system to DellaTorre.

3. How do free cash flows and the weighted average cost of capital interact to determine a firm’s value?

4. What do we call the cost that a borrower must pay to use debt capital? What two components make up the cost of using equity capital? What are the four most fundamental factors that affect the cost of money, or the general level of interest rates, in the economy? 

Subjects with pre-existing cardiovascular symptoms who were receiving subitramine, an appetite suppressant, were found to be at increased risk of cardiovascular events while taking the drug. The study included 9807 overweight or obese subjects with pre-existing cardiovascular disease and/or type 2 diabetes. The subjects were randomly assigned to subitramine (4909 subjects) or a placebo (4898 subjects) in a double-blind fashion. The primary outcome measured was the occurrence of any of the following events: nonfatal myocardial infarction or stroke, resuscitation after cardiac arrest, or cardiovascular death. The primary outcome was observed in 562 subjects in the subitramine group and 493 subjects in the placebo group.

Do the data give good reason to think that there is a difference between the proportions of treatment and placebo subjects who experienced the primary outcome? (Note that sibutramine has not been available in the United States since the end of 2010 due to its manufacturer's concerns over increased risk of heart attack or stroke, although at the present time it can still be purchased in other countries.)

State hypotheses, find the test statistic, and the P-value. (Round your test statistic to two decimal places and your P-value to four decimal places.)

A firm produces output using the technology:

Q = (0.001)KL0.5

where capital, K, is measured in machine-hours, labor, L, is measured in person-hours, and Q denotes the yearly output. The hourly wage rate in the United States WL = $10, and the hourly rental rate of capital is WK = 20 and the Price is $1.

(a) Does this production function display increasing returns to scale, constant returns to scale or decreasing returns to scale (hint—use labor). Please show how you arrived at this conclusion (this requires a mathematical answer that you must show). (6 Points)

(b) Compute the marginal products of labor and capital. Show that there are diminishing, but positive, returns to the labor input. (6 Points)

(c) Suppose that the firm has signed a contract to rent K = 1,000 machine hours over the course of the year. Determine the equilibrium level of Labor. (6 Points)

(d) If the wage level in China is $2, (given the same MPL in the US), what is the equilibrium level of Labor demanded in China. If wages in China fall to $1, what is the new level of demand for labor in China? (2 Points) How can the workers in the US combate this potential transfer of jobs to China (there are two possible solutions). (2 Points)