Bowie State University athletic department wants to develop its budget for the coming year, using a forecast for football attendance. Football attendance accounts for the largest portion of the University revenues. The new President of the university who is also a football fan has asked the athletic director to come up with strategies in promoting the university football team. The athletic director believes that attendance is directly related to the number of wins by the team. Instead of attempting to predict attendance based on only one variable (wins), the athletic department has included a second variable for advertising and promotional expenditures as well. The university president is anxious to know the result of this forecast to determine strategies that improve attendance and boost revenues for the University. The business manager of the BSU football team has accumulated total annual attendance figures for the past 8 years:
|
Wins |
Promotion |
Attendance |
|
4 |
$14500 |
21300 |
|
6 |
40700 |
25100 |
|
6 |
56300 |
26200 |
|
8 |
72000 |
38000 |
|
6 |
60000 |
29000 |
|
7 |
57000 |
30600 |
|
5 |
40300 |
24000 |
|
7 |
66600 |
32500 |
Given the number of returning starters and the strength of the schedule, the athletic director believes the team will win at least seven games next year. He wants to develop a multiple regression equation for these data to forecast attendance for this level of success.
Discussion questions
1 Given that Attendance as the dependent variable and Wins and Promotion as independent variables, use excel to estimate the relationship between attendance and promotion and wins. (Copy results and paste).
2 What is the strength of this relationship? Use the coefficient of determination R squared from the excel output to describe this relationship.
3 Is the relationship significant? Use the “Fisher significance” from the excel output to determine this. Begin by stating the null and the alternate hypotheses
In: Statistics and Probability
If a war broke out abroad, it would affect the U.S. economy in many ways.
Use the model of Small Closed and Small open economy to examine each of the following effects of such a war.
What happens to savings, investment, the trade balance, the interest rate, and the exchange rate? (To keep things simple, consider each of the following effects separately.)
a) The U.S. government, fearing it may need to enter the war, increases its purchases of military equipment.
b) Other countries raise their demand for high-tech weapons, a major export of the US.
c) The war makes US firms uncertain about the future, and the firms delay some investment projects.
d) The war makes US consumers uncertain about the future, and the consumers save more in response.
e) Americans become apprehensive about traveling abroad, so more of them spend their vacations in the US.
f) Foreign investors seek a safe haven for their portfolios in the University States
In: Economics
On April 1, 2017, Robert King created a new travel agency, King Travel. The following transactions occurred during the company’s first month.
Apr. 1 King invested $44,000 cash and computer equipment worth $22,200 in the company.
Apr. 2 The company rented furnished office space by paying $2,000 cash for the first month’s (April) rent.
Apr. 3 The company purchased $2,000 of office supplies for cash.
Apr. 10 The company paid $1,800 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
Apr. 14 The company paid $1,540 cash for two weeks’ salaries earned by employees.
Apr. 24 The company collected $12,000 cash on commissions from airlines on tickets obtained for customers.
Apr. 28 The company paid $1,540 cash for two weeks’ salaries earned by employees.
Apr. 29 The company paid $650 cash for minor repairs to the company’s computer.
Apr. 30 The company paid $600 cash for this month’s telephone bill.
Apr. 30 King withdrew $1,700 cash from the company for personal use.
Information for month-end adjustments follows:
Two-thirds (or $100) of one month’s insurance coverage has expired.
At the end of the month, $950 of office supplies are still available.
This month’s depreciation on the computer equipment is $370. Employees earned $616 of unpaid and unrecorded salaries as of month-end.
The company earned $1,810 of commissions that are not yet billed at month-end.
Record the entry to close the revenue accounts
Record the entry close to the expense accounts.
Record the entry to close income summary Record the entry to close owners withdrawals account
GENERAL JOURNAL, GENERAL LEDGER, TRIAL BALANCE, INCOME STATEMENT, ST OWNERS EQUITY, BALANCE SHEET, POST CLOSING.
In: Accounting
In: Statistics and Probability
According to a report, the proportion of Lancaster University students who reported insufficient rest or sleep during each of the preceding 30 days is
8.0%, while this proportion is 8.8% for University of Cumbria students. These data are based on simple random samples of 11,545 Lancaster and 4,691 Cumbria students.
(a) Calculate a 95% confidence interval for the difference between the proportions of Lancaster and Cumbria students who are sleep deprived and interpret it in the context of the data.
(b) Conduct a hypothesis test to determine if these data provide strong evidence the rate of sleep deprivation is different for the two Universities. (Reminder: Check conditions.)
(c) It is possible the conclusion of the test in part (b) is incorrect. If this is the case, what type of error was made?
In: Statistics and Probability
#1. Impact Evaluation
In the move to online instruction due to COVID-19, Development University was concerned that its students may not have the technology they needed at home to keep up with their classes. In order to address this issue, at the start of the term, the University offered all students coupons for a 50% price discount on a new iPad. The hope was that the iPad would allow students to participate more fully in their online classes, and therefore allow them to learn more.
Development University heard that you have learned how to do impact evaluation in your economics classes, so asked you to evaluate how well the iPads worked for their students. In particular, they wanted to know if the iPads caused student grades to improve. In looking at the data, you notice that although all students were offered the coupon, only half of them purchased an iPad through the program. Therefore, you decide to compare the average GPAs of students who purchased an iPad to those who didn't. You find that students who purchased an iPad had an average GPA of 3.4, and students who did not purchase an iPad had an average GPA of 3.1.
1) Due to your concerns, Development University decides to conduct a randomized control trial with incoming students in the fall. That is, incoming students are randomly assigned to either receive a coupon for a discounted iPad, or to not receive a coupon.
Will this research design allow you to estimate the true Average Treatment Effect of iPads on student performance? Why or why not?
2) In three sentences or less, briefly describe one concern you may still have with this randomized design.
In: Economics
Know Your Product Ltd is an Australian company with a functional currency = A$. The company has entered into a number of transactions denominated in US$ during the year ended 30 June 2017. The closing exchange rate is A$1.00 = US$0.77, determine the translated amount that will be included in financial statements for each of the following balances. 1. Land at cost US$400 000 acquired on 1 February 2017 when the exchange rate is A$1.00 = US$0.67. 2. Land revalued to US$600 000 on 30 June 2017 that had cost US$400 000 on 1 February 2017 when the exchange rate is A$1.00 = US$0.67. 3. Credit sale of US$80 000 on 12 March 2017 when the exchange rate is A$1.00 = US$0.69. Received cash from debtor of US$40 000 on 30 June 2017. 4. Credit purchase of inventory of US$250 000 on 15 June 2017 when the exchange rate is A$1.00 = US$0.62. The creditor remains unpaid at 30 June 2017. 5. A loan payable of US$800 000 arranged on 1 January 2017 when the exchange rate is A$1.00 = US$0.60. On 30 June 2017, the outstanding interest on the loan is US$20 000.
In: Accounting
a simple random sample of 5000 students were selected
and asked how likely to for them to maintain a 6 feet distamce in
the classrooms if they return to campus. among the sample 5000 ,
76% of the students responded that they are somewhat or very likely
to keep the physical distance in classrooms
(SHOW All Work) need helpp
1. University is intrested in releasing an interval estimate for the true proportion of students who would be (somewhat or very likely to keep their physical distance). What are the conditions that need to be satisfied in order for us to calculate the confidence interval. Are they satisfied?
2.) Calculate the 90% Confidence interval for the proportion (of students somewhat or very likely to keep their physical distance)?
3.)Interpret the interval calculated in part 2?
4.) Based on the interval you calculated in part 2 we can say more than 70% of penn state students would (somewhat or very likely to keep their physical distance). Explain your anwser?
In: Statistics and Probability
1) You are US company, 500,000 BP (British Pound) payable to UK in one year. Answer in terms of US$.
Information for Forward Contract:
Forward exchange rate (one yr): 1.54 $/BP
Information for Money Market Instruments (MMI):
Current exchange rate: 1.50 $/BP
Investment return at Aerion Fund Management (in UK): 4% annual
Interest rate of borrowing from Bank of America (in USA): 2% annual
Information you need for Currency Options Contract:
Options premium: 0.015 $/BP
Interest rate of borrowing from Bank of America (USA): 2% annual
Allowed to exercise options at 1.54 $/BP
What are the costs of MMI? (Answer in US$ of course. You are US company!)
2) You are US company, 500,000 BP (British Pound) payable to UK in one year. Answer in terms of US$.
Information for Forward Contract:
Forward exchange rate (one yr): 1.54 $/BP
Information for Money Market Instruments (MMI):
Current exchange rate: 1.50 $/BP
Investment return at Aerion Fund Management (in UK): 4% annual
Interest rate of borrowing from Bank of America (in USA): 2% annual
Information you need for Currency Options Contract:
Options premium: 0.015 $/BP
Interest rate of borrowing from Bank of America (USA): 2% annual
Allowed to exercise options at 1.54 $/BP
If the break-even exchange rate for the Currency Options Contract is 1.46 $/BP, and you believe the exchange rate at the time of the payment would be 1.43 $/BP, should you sign the contract?
In: Finance
PhD candidates should provide an authentic personal statements to each of the five following questions/prompts reflecting on their own personal interest. In the event that any outside resources are used, resources should be cited in APA format. Submissions should be a maximum of 500 words or 125 words per question/prompt. It is best to respond to each prompt/question individually for clarity of the reviewer. Documents should be submitted in Microsoft Word format.
PhD IT
In: Computer Science