Bonnaroo is a four-day music festival held every summer in Tennessee since 2002. Suppose the mean attendance for the festival is 80,726 people with a standard deviation of 3,173. Assume the number of people attending the festival is normally distributed. Use the Empirical Rule to answer parts a - c:  

1. Organizers of the festival can expect between____and_____ people to attend the festival 68% of the time.
2. Approximately______% of festivals will be attended by less than 74,380 people.
3. If attendance this year is in the top 2.5%, then the attendance would be______ or more people.
4. Mumford & Sons was one of the headline acts this year, and organizers anticipated a high attendance. An attendance of 95,000 people would be_____ standard deviations_______ (above or below) the mean. (In the first box, you should enter the standardized value rounded to 3 decimal places. In the second box, enter one of the following two words: above or below.)

1. For a certain population, systolic BP is normally distributed with μ=122 and σ=14. Hypertension is defined as systolic BP over 150 mmHg.

a. what is the z-score for systolic BP of 150, given this information? z=

b. What percentage of the population is hypertensive? you may use the empirical rule =

2. Continuing from the previous question where BP follows a normal distribution with μ=122 and σ=14, suppose we randomly sample n=194 individuals from this population. What is the probability that the sample mean of systolic BP obtained from this sample will be between 135 and 146mmHg? It is recommended to first compute the standard error, then compute the z-scores for 135 and 146, then compute the difference between the cumulative probabilities associated with these two z-scores

a. 0.823

b. 0.133

c. 0.841

d. 0.957

1. In general, supply curve slope upward to the right because

1. Technology progresses over time, increasing the ability of firms to produce more at existing price.
2. Increases in the price of a commodity lead to rightward shifts of the supply curve.
3. Rising prices motivate producers to offer more units for sale.
4. Of increases in input prices as production is increase
5. Empirical studies almost always show that this is the case

2. In a free market, actual price will

1. Always exceed equilibrium price.
2. Be very difficult to calculate.
3. Remain unchanged as equilibrium price changes.
4. Cause the demand and supply curves to shift direction.
5. Move toward equilibrium price

3. For a market to exhibit excess supply,

1. Demand must exceed supply.
2. The actual price must above the equilibrium price.
3. The demand curve must slope upward.
4. The supply curve must slope downward
5. None of these above

1. Consider the data set below.

65 68 58 57 71 61 60 67 66 72

60 62 54 57 61 54 55 58 61 55

64 66 56 61 51 83 57 55 58 59

61 55 66 55 58 52 75 67 64 56

55 58 50 62 63 67 57 54 55 63

a.       Find the mean, median and mode.

b.       Find the range, variance, and standard deviation.

c.              Find the lower quartile, upper quartile, and inter-quartile range

2- For the same data set as Problem 1, are there outliers in the data? Justify your conclusion using;

1. Box plot. Use +1.5*interquartile range, (Lower inner fence and Upper inner fence)
2. Empirical rule method.

General equilibrium models of asset pricing allow us to determine the relevant measure of risk for any asset and the relationship between expected return and risk.

Two of these models have been subject to fierce debate among practitioners and academics, The Capital Asset Pricing Model (CAPM) and The Arbitrage Pricing Model (APT). Based on the assumptions and tests of each model you are asked to:

1. Critically analyse the assumptions of both models.

2. Discuss the similarities and differences between them.

3. If you are a portfolio manager and had to choose one of the models, which one would you pick up and why?

In the analysis, students are advised to look into issues such as:

a. The ability of each model to explain systematic risk.

b. Usefulness in predicting excess expected returns.

c. Ability of each model on building up a well-diversified portfolio.

d. Main empirical findings related to the models.

You’re waiting for Caltrain. Suppose that the waiting times are approximately Normal with a mean of 12 minutes and a standard deviation of 3 minutes. Use the Empirical Rule to estimate each of the following probabilities without using the normalcdf function of your calculator:

a) What is the probability that you’ll wait between 9 and 15 minutes for the train?

b) What is the probability that you’ll wait between 6 and 18 minutes for the train?

c) What is the probability that you’ll wait between 3 and 21 minutes for the train?

d) What is the probability that you’ll wait more than 12 minutes for the train?

e) What is the probability that you’ll wait between 12 and 18 minutes for the train?

f) What is the probability that you’ll wait between 3 and 18 minutes for the train?

g) What is the probability that you’ll wait more than 21 minutes for the train?

A common piece of advice about writing a "bad news message" is to use the indirect approach: use buffers before the reader gets the negative news. The article, "Buffers in bad news messages and recipient perceptions," claims that there is no empirical proof to support using the indirect approach with bad news.

Read the article, especially the section titled "Significant findings and their implications," then

write a bad news message using the strategy that Limaye suggests;

reflect on how this approach is similar or different to other "bad news messages" that you have read or received.

Which type of "bad news message" do you prefer? Why?

Limaye, M. (1988). Communication forum. Management Communication Quarterly 2(1), 90. Retrieved from https://csuglobal.idm.oclc.org/login?url=https://search-proquest-com.csuglobal.idm.oclc.org/docview/232847943?accountid=38569

Thinking about Treatment

STEP 1: Choose ONE of the following questions and respond to it in a post of at least 200 words.

Psychoanalytic theory is no longer the dominant therapeutic approach, because it lacks empirical support. Yet many consumers continue to seek psychoanalytic or psychodynamic treatments. Do you think psychoanalysis still has a place in mental health treatment? If so, why?

What might be some advantages and disadvantages of technological advances in psychological treatment? What will psychotherapy look like 100 years from now?

Some people have argued that all therapies are about equally effective, and that they all affect change through common factors such as the involvement of a supportive therapist. Does this claim sound reasonable to you? Why or why not?

When choosing a psychological treatment for a specific patient, what factors besides the treatment’s demonstrated efficacy should be taken into account?

C:13-57 Bonnie died on June 1, 2018, survived by her husband, Abner, and two sons, Carl and Doug. Bonnie’s only lifetime taxable gift was made in October 2015 in the taxable amount of $6.25 million. She did not elect gift splitting. By the time of her death, the value of the gifted property (stock) had declined to $5.1 million. Bonnie’s executor discovered the items shown below. Amounts shown are the FMVs of the items as of June 1, 2018.
Cash in checking account in her name $ 199,750
Cash in savings account in her name 430,000
Stock in names of Bonnie and Doug, joint tenants with right of survivorship. Bonnie provided all the consideration ($3,000) to purchase the stock. 25,000
Land in names of Bonnie and Abner, joint tenants with right of survivorship. Abner provided all the consideration to purchase the land. 360,000
Personal residence in only Bonnie’s name 450,000
Life insurance on Bonnie’s life. Bonnie was owner, and Bonnie’s estate was beneficiary (face value) 5,000,000
Trust created under the will of Bonnie’s mother (who died in 2000).
Bonnie was entitled to all the trust income for life, and she could will the trust property to whomever she desired. She willed it to her sons in equal amounts. 9,000,000
Bonnie’s debts, as of her date of death, were $60,000. Her funeral and administration expenses were $9,000 and $71,000, respectively. Her estate paid state death taxes of $65,000.
The executor elected to deduct the administration expenses on the estate tax return.

Bonnie’s will included the following:
I leave my residence to my husband Abner.
$250,000 of property is to be transferred to a trust with First Bank named as trustee. All of the income is to be paid to my husband, Abner, semiannually for the rest of his life. Upon his death the property is to be divided equally between my two sons or their estates. I leave $47,000 to the American Cancer Society.
Assume the executor elected to claim the maximum marital deduction possible. Compute the following with respect to Bonnie’s estate:
a. Gross estate
b. Taxable estate
c. Adjusted taxable gifts
d. Estate tax base and basic exclusion amount portable to Abner
e. Tentative tax on estate tax base
f. Federal estate tax payable

Use the limits for 2019. The Tax Cuts and Jobs Act of 2017 increased the unified credit to $4,417,800, the tax on a basic exclusion amount of $11.18 million.

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What other info do you need.