1. The data below is the city gas mileage for a sample
of hybrid cars, as reported by the Environmental Protection Agency
in 2007.
30, 36, 33, 27, 31, 25, 28, 31, 45 mpg
Construct and interpret a 95% confidence interval for
the population mean for the miles per gallon of hybrids. You may
assume that the population of gas mileage normally distributed with
no outliers. Answer the following:
a What is the level of confidence?
b. What is your final numeric answer?
c. . Using the information from the previous question,
what is your final answer in the context of the problem in a
complete sentence.
2. In August 2003, it was reported that many employed
adults in the U.S. agreed that basic mathematical skills were very
important to their job. A job placement advisor wants to estimate
this proportion so she takes a random sample of 500 employed adults
and finds 320 of the feel that basic mathematics skills are very
important to their job. Find a 99% confidence interval
for the population proportion of those who reported that math
skills were very important to their job.
a. What is the level of confidence?
b. What critical value would you need to use with this
formula?
c. What is your final numeric answer?
d. Using the information from the previous question,
what is your final answer in the context of the problem in a
complete sentence
In: Statistics and Probability
Robin Hood and his Merry Men are now in trouble because wealthy travelers (their source of revenue) are avoiding the forest. As is often common in an entrepreneurial organization, the Merry Men were highly motivated by Robin Hood’s leadership. Therefore, Robin had previously relied on informal communication to organize and implement operations. Robin is pleased with the growing size and influence of his organization. However, growth has meant that specialized duties have begun taking up most of the men’s time, leaving a command vacuum between Robin and the first line recruits. In addition, they are now all located in a large encampment that can be seen for miles. This creates the probability of a surprise attack on their position. Growth has also put great pressures on resources, so now they must harvest the forest more thoroughly. Where will additional revenue come from? Rich travelers are avoiding the forest, so in desperation Robin is considering robbing the poorer travelers, which means his lieutenants must now tell their men to rob their brothers and fathers. What started as a rebellion is in danger of being routinized into banditry. Robin must therefore begin to evaluate the Merry Men’s mission in view of the changing environment.
What business is Robin Hood’s organization in?
What strategic problems does Robin Hood have?
What issues need to be addressed?
What decisions need to be made?
What strategy should Robin Hood implement?
In: Operations Management
For each situation indicate when a company should recognize revenue:
| Situation | Recognition of Revenue | |
| a. | On June 2, 2017, a customer books travel on an airline, paying $500 for a round-trip ticket that departs July 15, 2017, and returns July 20, 2017. In addition, once the round-trip ticket is used, the airline credits the passenger's frequent-flier account for 500 miles. The airline determines that each frequent-flier point has a value of $0.01. | |
| b. | On May 1, 2017, a retailer enters into a contract with a construction company. The construction company will build a new warehouse for the retailer at a price of $2 million. The retailer will make four equal payments to the construction company over the 1-year construction period, starting on May 1, 2017, and then every 4 months. The retailer can cancel construction at any time and will own any construction to date; however, it must pay the construction company for work done up to the cancellation date. The building is completed on April 30, 2017. | |
| c. | Morning Donut agrees to supply donuts and coffee on a daily basis to a local business. The contract starts on January 1, 2017, and runs for 1 year. Morning Donut charges $400 per week for the donuts and coffee. | |
| d. | The Raleigh Knights sell four season tickets to a customer. The Knights play 10 regular season games, and the cost of one season ticket is $250. |
In: Accounting
|
SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity cost pools: Travel, Pickup and Delivery, Customer Service, and Other. The activity measures are miles for the Travel cost pool, number of pickups and deliveries for the Pickup and Delivery cost pool, and number of customers for the Customer Service cost pool. The Other cost pool has no activity measure because it is an organization-sustaining activity. The following costs will be assigned using the activity-based costing system: |
| Driver and guard wages | $ | 920,000 |
| Vehicle operating expense | 350,000 | |
| Vehicle depreciation | 230,000 | |
| Customer representative salaries and expenses | 260,000 | |
| Office expenses | 120,000 | |
| Administrative expenses | 420,000 | |
| Total cost | $ | 2,300,000 |
| The distribution of resource consumption across the activity cost pools is as follows: |
| Travel | Pickup and Delivery |
Customer Service |
Other | Totals | ||||||
| Driver and guard wages | 50 | % | 35 | % | 10 | % | 5 | % | 100 | % |
| Vehicle operating expense | 70 | % | 5 | % | 0 | % | 25 | % | 100 | % |
| Vehicle depreciation | 60 | % | 15 | % | 0 | % | 25 | % | 100 | % |
| Customer representative salaries and expenses | 0 | % | 0 | % | 90 | % | 10 | % | 100 | % |
| Office expenses | 0 | % | 20 | % | 30 | % | 50 | % | 100 | % |
| Administrative expenses | 0 | % | 5 | % | 60 | % | 35 | % | 100 | % |
| Required: |
|
Complete the first stage allocations of costs to activity cost pools. |
In: Accounting
ANY ANSWER WOULD BE A GREAT CONTRIBUTION.....THANK YOU SO MUCH
In 2014 Energy Transfer Partners announced a plan to carry 570,000 barrels of crude oil per day from the Bakken oil fields in North Dakota to an existing infrastructure in Illinois. The Dakota Access Pipeline, as it has been named, would snake across 1,172 miles to reach its destination while crossing through many states, a Native American Reservation, and come in contact with multiple waterways.
Environmentalist and Native Americans have spoken out in non-support of this oil pipeline project for reasons that relate to the dangers that would impact the environment and lives of people living in the region if this line were to break or leak. Many fear that the part of the pipeline that would be constructed under the Missouri River presents a clear and present danger to the river if a leak occurs and jeopardizes the water and the life that depends on this water supply.
Your task: Look at the concerns of the environmentalists and people who raise concerns about the 570,000 barrels of crude oil that would flow through the region. Additionally, look at the history of pipeline oil spills in the United States and any issues surrounding environmental impacts that would be important. Then weigh the concerns of the people involved against the interest of big oil companies.
You must take a stand for one side or the other and defend your position with facts and the law.
In: Operations Management
SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity cost pools: Travel, Pickup and Delivery, Customer Service, and Other. The activity measures are miles for the Travel cost pool, number of pickups and deliveries for the Pickup and Delivery cost pool, and number of customers for the Customer Service cost pool. The Other cost pool has no activity measure because it is an organization-sustaining activity. The following costs will be assigned using the activity-based costing system:
| Driver and guard wages | $ | 1,160,000 |
| Vehicle operating expense | 590,000 | |
| Vehicle depreciation | 470,000 | |
| Customer representative salaries and expenses | 500,000 | |
| Office expenses | 360,000 | |
| Administrative expenses | 660,000 | |
| Total cost | $ | 3,740,000 |
The distribution of resource consumption across the activity cost pools is as follows:
| Travel | Pickup and Delivery |
Customer Service |
Other | Totals | ||||||
| Driver and guard wages | 50 | % | 35 | % | 10 | % | 5 | % | 100 | % |
| Vehicle operating expense | 70 | % | 5 | % | 0 | % | 25 | % | 100 | % |
| Vehicle depreciation | 60 | % | 15 | % | 0 | % | 25 | % | 100 | % |
| Customer representative salaries and expenses | 0 | % | 0 | % | 90 | % | 10 | % | 100 | % |
| Office expenses | 0 | % | 20 | % | 30 | % | 50 | % | 100 | % |
| Administrative expenses | 0 | % | 5 | % | 60 | % | 35 | % | 100 | % |
Required:
Complete the first stage allocations of costs to activity cost pools.
In: Accounting
1) A woman wishes to attend an all male, publicly supported college. She claims the college is violating the equal protection clause of the Constitution. What level of scrutiny will the court use when deciding this case?
| a. |
Minimal scrutiny |
|
| b. |
Intermediate scrutiny |
|
| c. |
strict scrutiny |
|
| d. |
Compelling interest scrutiny |
2) When Mohammad was hired by Pomico, Inc., he signed the following agreement, "Upon termination of my employment with Pomico, I agree not to work for a competing company within 50 miles of Pomico's headquarters for one year."
| a. |
an exculpatory agreement |
|
| b. |
a usurious agreement |
|
| c. |
a bailment agreement |
|
| d. |
an agreement not to compete |
3) An agreement that relieves one part of liability for injury or damages caused by his/her negligence is called a(n):
| a. |
agreement in restraint of trade |
|
| b. |
exculpatory clause |
|
| c. |
nullification of liability clause |
|
| d. |
usurious clause |
4) If the title of an appellate court case appears as Jones v. Smith
| a. |
Jones is the plaintiff and Smith is the defendant |
|
| b. |
Smith won the trial court decison |
|
| c. |
You cannot determine which party is the plaintiff, because when a defendant loses a trial and files an appeal. some (but not all) courts reverse the name of the parties |
|
| d. |
the trial judge was Jones and the appellate judge is Smith |
5) Jaime offered to buy Kevin's bike, Jaime is the offeror.
True
False
In: Operations Management
For this Assignment, you are working at a firm that conducts independent testing for heavy industry. Recently, an automobile manufacturer has been in the news for complaints about the highway gas mileage of their latest model minivan. You receive a contract from a consumer action group to test and write a report on the company’s claim that its minivans get 28 miles per gallon on the highway. The car company agrees to allow you to select randomly 35 low-mileage fleet minivans to test their highway mileage. Your test results gave you the following data:
29.7 24.5 27.1 29.8 29.2 27.0 27.8 24.1 29.3
25.9 26.2 24.5 32.8 26.8 27.8 24.0 23.6 29.2
26.5 27.7 27.1 23.7 24.1 27.2 25.9 26.7 27.8
27.3 27.6 22.8 25.3 26.6 26.4 27.1 26.1
List the null and alternative hypotheses for the two-tail test for the mean. Calculate the observed value of the test statistic and the associated p-value.
Is the observed test statistic in the critical region? Is the p-value higher or lower than your alpha?
List the null and alternative hypotheses for the one-tail test of the mean. Calculate the observed value of the test statistic and the associated p-value.
Is the observed test statistic in the critical region? Will the p-value be higher or lower than your alpha?
In: Math
Payback Period and NPV of Alternative Automobile Purchase Wendy Li decided to purchase a new Honda Civic. Being concerned about environmental issues she is leaning toward a Honda Civic Hybrid rather than the completely gasoline-powered LX model. Nevertheless, she wants to determine if there is an economic justification for purchasing the Hybrid, which costs $3,700 more than the LX. Based on a mix of city and highway driving she predicts that the average gas mileage of each car is 40 MPG for the Hybrid and 30 MPG for the LX. Wendy also anticipates she will drive an average of 12,000 miles per year and that gasoline will cost an average of $3.10 per gallon over the next four years. She also plans to replace whichever car she purchases at the end of four years when the resale values of the Hybrid and the LX are predicted to be $12,000 and $8,500 respectively.
Required
a. Determine the payback period of the incremental investment associated with purchasing the Hybrid.
b. Determine the net present value of the incremental investment associated with purchasing the Hybrid at a ten percent time value of money. Use a negative sign with your answer, if appropriate. Round answer to the nearest whole number.
c. Determine the cost of gasoline required for a payback period of three years on the incremental investment. Round answer to two decimal places
In: Accounting
All logs are to base e
Size is in cubic centimeters, Age is in years, Weight is in pounds, Temperature is in degrees Fahrenheit, Height is in inches, Cost is in dollars, and Distance is in miles
The regression equation is
Log(Size) = 28.6 + 0.0292 Age - 1.124 Weight - 1.69
log(Temperature) + 1.02 log(Height) + 2.24 log(Cost) - 0.334
log(Distance)
| Predictior | Coef | SE Coef | T | P |
| Constant | 28.59 | 20.67 | 1.38 | 0.301 |
| age | 0.0292 | 0.083 | 12.27 | 0.006 |
| weight | -1.124 | 0.052 | -21.40 | 0.001 |
| Log(temp) | -1.691 | 0.223 | -7.58 | 0.002 |
| Log(height) | 1.0207 | 0.847 | 1.21 | 0.351 |
| Log(cost) | 2.239 | 0.42 | 5.06 | 0.004 |
| Log(distance) | -0.334 | 0.0112 | -2.98 | 0.049 |
S = 64.1788 R-Sq = 86.1% R-Sq(adj) = 72.1%
Answer the following question using three decimals.
If the effect is not statistically significant put in NA
Put in percentages without the percent sign, so put in 10 instead
of 10%
1-
As age increases by 1 year the size increases by the percentage
2 -
As weight increases by one pound the size decreases by the percentage
3-
As temperature increases by 7% the size will decrease by the percentage
4-
As Height increases by 3% the size increases by the percentage
5- As cost increases by 5% the size increases by the percentage
In: Math