Assume that it is appropriate and meaningful to calculate the correlation coefficient of two variables X and Y. If the correlation coefficient, r, has a value -0.95

Select one:

a. it is impossible to tell if there is a linearly relationship between the two variables

b. there is a strong linear relationship between the two variables

c. there is no relationship between the two variables

d. the slope of the regression line will be -0.95

2.

The father's height (in inches) and the (adult) son's height (in inches) are linearly associated. In a sample of 100 father-and-son pairs, the correlation coefficient, r, was found to be 0.8. If the height measurements of the father's and the son's are changed to centimetre (cm), what will be the new correlation coefficient ? (Note: one inch =2.54 cm)

Select one:

a. The answer cannot be calculated due to not enough information

b. 0.8

c.

d.

3.

Beer and Blood Alcohol Content

The relationship between number of beers consumed (x) and blood alcohol content ( y) was studied in 25 male college students by using simple linear regression. The estimated blood alcohol content ( ŷ ) is given in the following regression equation:

ŷ = -0.0127 + 0.0180x

The above equation estimates that:

Select one:

a. each beer consumed increases blood alcohol content by 0.0127

b. on average each beer consumed increases blood alcohol content by 0.0307

c. on average each beer consumed increases blood alcohol content by 0.0180

d. on average each beer consumed increases blood alcohol content by 0.0153

e. on average it takes 0.0180 beers to increase blood alcohol content by 0.0127

4.

Beer and Blood Alcohol Content

The relationship between number of beers consumed (x) and blood alcohol content ( y) was studied in 25 male college students by using simple linear regression. The estimated blood alcohol content ( ŷ ) is given in the following regression equation:

ŷ = -0.0127 + 0.0180x

Suppose that the legal blood alcohol content limit for driving is 0.05. If John consumed 4 beers the model would predict that he would be:

Select one:

a. 0.0027 above the legal limit

b. 0.0347 above the legal limit

c. 0.0093 above the legal limit

d. 0.022 above the legal limit

e. 0.0027 below the legal limit

5.  

A multiple choice test has 12 questions. Each question has 4 choices of which exactly one is correct. If a student makes random guesses for all 12 questions, what is the probability that the student will get exactly 5 questions correct?

Select one:

a. The answer cannot be determined from the given information.

b. 0.2270

c. 0.0584

d. 0.1032

e. 0.0532

6.

A medical doctor knows from past experience that 80% of his patients have private health insurance and 20% do not have private insurance. He also notices that among those who have private health insurance, 65% are over the age of 50 while among those who do not have private health insurance, only 30% are over the age of 50. What is the probability that a randomly selected patient is over 50 years of age and has private health insurance?

Select one:

a. 0.65

b. 0.3

c. 0.52

d. 0.16

e. The answer cannot be determined from the given information.

please provides this question answer quickly. i need it urgently.

1) Consider two different hedge funds with the following data related to performance:

Hedge fund              Alpha           Beta

Fund A                       5%            1.6

Fund B                                   3%            0.8

Assuming that beta is consistent with the type of investing we expected in both cases, which fund performed better.

A. Fund A, because it had the higher return

B. Fund A, because it had the higher alpha

C. Fund B, because its alpha is more impressive than Fund A when we consider how much less risk the fund took.

D. Fund B, because the beta is closer to 1.

2) When we analyze the performance of an actively managed mutual fund we find that the fund generated a beta of 1 and an alpha of zero.

A. this result shows that the manager took no risk when investing

B. this result shows that the manager did not add any value to performance with his/her decision-making

C. both (A) and (B) are true

D. none of the above

3) Consider two different hedge funds with the following data related to performance:

Hedge fund              Alpha           Beta

Fund A                       1%            0.8

Fund B                                   3%            -0.3

Assuming that beta is consistent with the type of investing we expected in both cases, which fund performed better?

A. Fund A, because Fund B should have negative alpha to match its negative beta

B. Fund A, because it had a higher beta than Fund B

C. Fund B, because its alpha is higher than Fund A.

D. Fund A, because the beta is closer to 1.

4) A positive alpha for a mutual fund means:

A. the fund invested in high-risk strategies

B. the fund manager’s performance was bad

C. both (A) and (B)

D. none of the above

5) In the Wall Street Journal’s darts versus pros competition, the difference in returns generated by the two portfolios is explained by:

I. the darts were poorly thrown

II. the pros pick riskier stocks

III. other investors buying the stocks that the pros pick

IV. the pros are simply good at picking stocks

A. I and II

B. II only

C. IV only

D. II and III

6) __________ is a false statement regarding open-end mutual funds.

A. They offer investors a guaranteed rate of return

B. They offer investors a well diversified portfolio

C. They redeem shares at their net asset value

D. None of the above (A, B, and C are all true)

7) When we analyze the performance of an actively managed mutual fund we find that the fund generated a beta of 1.5 and an alpha of zero.

A. this result shows that the manager took relatively high risk when investing

B.this result shows that the manager did not add any value to performance with his/her decision-making

C. both (A) and (B) are true

D. none of the above

8) An attractive feature of Exchange Traded Funds (ETFs) is:

A. the price of the fund always matches the Net Asset Value

B. the investor has more control over tax implications of trading than with a mutual fund

C. ETFs only trade once a day, making it easier to keep track of their prices.

D. the fund is highly likely to produce a positive alpha

The City of Pfeiffer starts the year of 2017 with the general fund and an enterprise fund. The general fund has two activities: education and parks/recreation. For convenience, assume that the general fund holds $144,000 cash and a new school building costing $1,180,000. The city utilizes straight-line depreciation. The building has a 20-year life and no salvage value. The enterprise fund has $65,000 cash and a new $360,000 civic auditorium with a 30-year life and no salvage value. The enterprise fund monitors just one activity, the rental of the civic auditorium for entertainment and other cultural affairs.

The following transactions for the city take place during 2017. Assume that the city’s fiscal year ends on December 31.

Decides to build a municipal park and transfers $72,000 into a capital projects fund and immediately expends $20,600 for a piece of land. The creation of this fund and this transfer were made by the highest level of government authority.

Borrows $113,400 cash on a long-term bond for use in creating the new municipal park.

Assesses property taxes on the first day of the year. The assessment, which is immediately enforceable, totals $618,600. Of this amount, $525,800 will be collected during 2017 and another $51,600 is expected in the first month of 2018. The remainder is expected about halfway through 2018.

Constructs a building in the park in (b) for $40,000 cash so that local citizens can play basketball and other sports. It is put into service on July 1 and should last 10 years with no salvage value.

Builds a sidewalk around the new park for $10,000 cash and puts it into service on July 1. It should last for 10 years, but the city plans to keep it up to a predetermined quality level so that it will last almost indefinitely.

Opens the park and charges an entrance fee of only a token amount so that it records the park, therefore, in the general fund. Collections during this first year total $4,000.

Buys a new parking deck for $220,000, paying $22,000 cash and signing a long-term note for the rest. The parking deck, which is to go into operation on July 1, is across the street from the civic auditorium and is considered part of that activity. It has a 20-year life and no salvage value.

Receives a $110,000 cash grant for the city school system that must be spent for school lunches for the poor. Appropriate spending of these funds is viewed as an eligibility requirement of this grant. During the current year, $40,700 of the amount received was properly spent.

Charges students in the school system a total fee of $6,600 for books and the like. Of this amount, 90 percent is collected during 2017 with the remainder expected to be collected in the first few weeks of 2018.

Buys school supplies for $23,000 cash and uses $17,800 of them. The general fund uses the purchases method.

Receives a painting by a local artist to be displayed in the local school. It qualifies as a work of art, and officials have chosen not to capitalize it. The painting has a value of $83,700. It is viewed as inexhaustible.

Transfers $20,600 cash from the general fund to the enterprise fund as a capital contribution.

Orders a school bus for $102,000.

Receives the school bus and pays an actual cost of $105,000. The bus is put into operation on October 1 and should last for five years with no salvage value.

Pays salaries of $247,000 to school teachers. In addition, owes and will pay $30,800 during the first two weeks of 2018. Vacations worth $23,600 have also been earned but will not be taken until July 2018.

Pays salaries of $43,000 to city auditorium workers. In addition, owes and will pay $3,500 in the first two weeks of 2018. Vacations worth $5,800 have also been earned but will not be taken until July 2018.

Charges customers $150,800 for the rental of the civic auditorium. Of this balance, collected $127,600 in cash and will collect the remainder in April 2018.

Pays $10,400 maintenance charges for the building and sidewalk in (d) and (e).

Pays $16,200 on the bond in (b) on the last day of 2017: $5,800 principal and $10,400 interest.

Accrues interest of $15,000 on the note in (g) as of the end of 2017, an amount that it will pay in June 2018.

Assumes that a museum that operates within the city is a component unit that will be discretely presented. The museum reports to city officials that it had $48,500 of direct expenses this past year and $57,700 in revenues from admission charges. The only assets that it had at year-end were cash of $27,700, building (net of depreciation) of $346,300, and a long-term liability of $242,400.

Prepare the 2017 government-wide financial statements for this city. Assume the use of the modified approach.

Prepare a statement of net position. (Amounts to be deducted should be indicatedby a minus sign.)

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.

Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:

Required:

1-a. Compute the throughput time for each month.

1-b. Compute the delivery cycle time for each month.

1-c. Compute the manufacturing cycle efficiency (MCE) for each month.

2. Evaluate the company’s performance over the last four months.

3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.

3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.

Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:

Required:

1-a. Compute the throughput time for each month.

1-b. Compute the delivery cycle time for each month.

1-c. Compute the manufacturing cycle efficiency (MCE) for each month.

2. Evaluate the company’s performance over the last four months.

3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.

3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.

Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:

Required:

1-a. Compute the throughput time for each month.

1-b. Compute the delivery cycle time for each month.

1-c. Compute the manufacturing cycle efficiency (MCE) for each month.

2. Evaluate the company’s performance over the last four months.

3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.

3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.

Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:

Required:

1-a. Compute the throughput time for each month.

1-b. Compute the delivery cycle time for each month.

1-c. Compute the manufacturing cycle efficiency (MCE) for each month.

2. Evaluate the company’s performance over the last four months.

3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.

3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.

The payroll register of Seaside Architecture Company indicates $870 of social security and $217 of medicare tax withheld on total salaries of $14,500 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $5,250. at the federal rate of 0.8% and state rate of 5.4%.

Provide the journal entry to record the payroll tax expense for the period. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". If required, round your answers to two decimal places.

1A. Chlorpromazine 40 mg IV q4h PRN emesis is ordered for a chemotherapy patient. You have only a bottle labeled Chlorpromazine 25 mg/mL. How many mL will you infuse every 4 hours if the patient is vomiting?

1B. Enoxaparin 40 mg SQ daily is ordered for a post-operative patient. You have only a pre-filled syringe labeled 120 mg / 0.8 mL. How many mL will you inject?