3. The Idaho State University athletics department conducted a research study to see how many students attended a women’s lacrosse game last season. There are 14,400 students attending Idaho State University, and the study showed that 400 of 1250 students sampled attended a women’s lacrosse game. What inferences can be made about student attendance at women’s lacrosse games?

(a) What is the estimated proportion for the population?

(b) Using the 95% level of confidence, what is the confidence interval?

(c) Using the 99% level of confidence, what is the confidence interval?

PLEASE SHOW ALL WORK

You are attempting to determine whether you are taller or shorter than the average student currently enrolled in your university. You have just learned about sampling and have decided to sample students to determine the average height at your university.

Required:

What are some advantages and disadvantages of using sampling to answer this question as opposed to examining the entire population?

Give some other examples of when you would be more likely to use sampling (applied to this particular example) as opposed to examining the entire population.

In what cases might you want to examine the entire population?

Omni, Inc. manages a medical-expense reimbursement program for colleges and universities
throughout the United States. University employees submit claims for reimbursement of medical
expenses from reimbursement accounts established each year by the employees. Omni then
processes reimbursement requests, verifies the legitimacy of each request, computes the
deductible and co-payment required, determines whether the employee's expense reimbursement
account has adequate funds available, and, if applicable, issues a reimbursement check to the
eligible employee.
Omni employs three different types of clerks who manage these reimbursement accounts:
supervisors, senior clerical staff, and junior clerical staff. The supervisors are each paid $50,000
per year, senior clerical staff employees are paid $40,000 per year, while junior clerical staff
employees are paid $35,000 per year. Based on prior experience, for every 150,000 claims
processed per year, Omni needs to budget for one supervisor's position, two senior clerical staff
positions, and six junior clerical staff positions.
Last year, Omni processed 2 million reimbursement claims, and employed 14 supervisors, 30
senior clerical staff employees, and 83 junior clerical staff employees.

Required:
1. Based on the data provided, calculate the cost savings or excess staffing costs for Omni during
the most recent year. (Assume that the policy of the company is to hire only full-time
employees.)
2. a. What managerial insights are suggested on the basis of your analysis?
b. If you were attempting to judge the processing efficiency of Omni's staff, what additional
information might you want to have?
3. Over the years, alternative approaches to traditional budgeting practices have been proposed to
facilitate budget preparation and usefulness. Compare/contrast the following alternative
budgeting approaches to a traditional budgeting process:
a. Zero Base Budgeting (ZBB)
b. Activity-Based Budgeting (ABB)
c. Kaizen budgeting

How important is it for an individual to begin investing early for retirement? Do you think an individual should seek high-return investments when they are still relatively young?

Original response please

In a testcross, if all the offspring show the dominant phenotype, then the individual with the unknown genotype was (only pick one).

Do you agree or disagree with the following statement: individual with a lower endowment of health will require fewer inputs to achieve the same health stock than will an individual with a higher endowment. Why or why not?

Give an example of a competing priority when the good of society is favored over the good of an individual. Is there a case / example of an instance when the good of the individual is more important than the good of the public? Be specific.

Condition : Turner Syndrome (45, XO) in XO individual (compare with typical XX)

compare the developent with the development of an individual of the same sex chromosome set, but without any of the mutations that caused the condition

Background: Leaders are the most important and powerful influence on the culture of an organization. A leader must earn and develop credibility and trust from desirable actions and behaviours. This activity is aimed at helping students (as future leaders) to consider the role of the leader in setting the moral tone and ethical climate at the workplace.

Instructions: Discuss your approach to the following 4 ethical dilemmas, in terms of the potential consequences that each dilemma present and your leadership advice.

SCENARIO A: Sorenson has been the head of the Sales department for the last 6 months. Approaching the end of the financial year, Thomas, the president of the company wants him to increase the projections for new sales for the next year in order to guarantee that the board endorses their new product line. The current data does not support the numbers the president wants to use. On the one hand, Sorenson does report directly to the president and he wants Thomas to see him as a team player. On the other hand, the numbers can lead to devastation if the sales team does not come through by the middle of next year. What should Sorenson do?

SCENARIO B :Sara is a relatively new lecturer at the university and is eager to show that she fits in well with the existing culture. Although new, her husband is a well-known benefactor to the university and to the faculty where Sara works. Jenny, a teaching assistant assigned to Sara’s courses, informs her of complaints she has received from Sara’s students about her inability to answer questions in class and her inaccessibility after class. Fearing that she would lose her job, Sara approaches the faculty Dean to falsely report that the students were complaining about Jenny. The Dean calls Jenny into a meeting and asks her to respond to the allegations. Advise Jenny.

SCENARIO C: Joe and Elena have openly expressed their interest in filling the post of vice president of student affairs for a faith-based educational institution after Mrs. Hayward’s retirement. One evening, Joe was trolling various social media platforms when he discovered a video of Elena behaving unruly at a music festival in 1998. Determined to set a high standard for staff and students, the employer frowns heavily upon any unfavourable behaviours of their employees. If he presents this video to the hiring manager, it will look as if he wanted to undermine Elena’s chance of getting the job. What should he do?


SCENARIO D: Zoya works for a small toy manufacturing company that offers a wide variety of products to the popular GoodSmart franchise. One of the designers of the latest action figure was recently fired for falsifying reports on recent test trials to push the toy to market. Apparently, the latest action figure posed a potential choking hazard to young children. Zoya wonders if she should report the potential hazard before anyone gets hurt. However, the recall would cost her company money and result in loss of sales. Advise Zoya.