1. All 400 patients from a heart clinic were categorized according to their NYHA class (NYHA class was described in homework 1) and their age (younger than 40 years, or 40 years or older).

1. Suppose that patients from the heart clinic in problem 2, who were classified as NYHA class II, III or IV, are referred to an imaging clinic for further diagnostic evaluation. The imaging clinic does not see other patients. The imaging clinic determined that 60 of the patients referred to them from the heart clinic are NYHA class IV.

1. What is the probability that a randomly selected patient from the heart clinic will be referred to the imaging clinic?

2. Given the information in problem 2 and problem 3 so far, can you determine how likely a patient would be diagnosed with NYHA IV at the imaging clinic if they had already been diagnosed as NHYA IV at the heart clinic?

3. (*) Now, suppose that the imaging clinic informed us that of the 60 patients that they diagnosed as NYHA IV, 45 of those were also diagnosed as NYHA IV at the heart clinic.
   1. If a patient is diagnosed with NYHA IV at the heart clinic, how likely is it they will be diagnosed as NYHA IV at the imaging clinic?

2. If a patient is diagnosed with NYHA IV at the imaging clinic, how likely is it they would have been diagnosed with NYHA IV at the heart clinic?

An example of an RCRA Corrective Action site is Boeing Plant 2 in Seattle, Washington. There was contamination of PCBs, PAHs, phthalates, semi-volatile organic compounds in the soil on-site and in surrounding waterways (including groundwater). Boeing still occupies the area and it is handling the cleanup, which is still ongoing. Part of their process has been implementing pilot projects that have reduced groundwater contamination by 98% (US EPA 2013). Since Boeing is still active on-site, RCRA Corrective Action is appropriate.

An example of a Superfund site is Quendall Terminals in the state of Washington. Located on Lake Washington, on 29 acres, this Superfund site was previously acreosote manufacturing and oil storage facility for many decades. Creosote, coal tar, and other hazardous chemicals have accumulated in groundwater, lake sediment and on land (US EPA 2019). While the lake is not used as a drinking water source, there are swimming beaches within a half-mile from the site (US EPA 2005). In 1999, the state’s Department of Ecology began contamination cleanup. Then in 2005, at the state’s request, EPA took over. The EPA requested the site’s responsible parties conduct a remedial investigation and feasibility study. The remedial study was completed in 2012 and the feasibility study completed in 2017 by the responsible parties. Public comments were received from September to October 2019 and the EPA’s final cleanup plan is scheduled (US EPA 2019). As the location is no longer in use and currently vacant, the CERCLA program is appropriate for this site. Additionally, there are plans to rezone and repurpose the location for residential use.

According to the post above pose questions about the position they took and/or how the regulation was applied?

Robots in the factory and price rise for suppliers as Maleny Dairies invests

Accounting ethics cases

You have recently been hired as the assistant controller for Stanton Temperton Corporation, which rents building space in major metropolitan areas. Customers are required to pay six months of rent in advance. At the end of 2018, the company's president, Jim Temperton, notices that net income has fallen compared to last year. In 2017, the company reported before-tax profit of $330,000, but in 2018 the before-tax profit is only $280,000. This concerns Jim for two reasons. First, his year-end bonus is tied directly to before-tax profits. Second, shareholders may see a decline in profitability as a weakness in the company and begin to sell their stock. With the sell-off of stock, Jim's personal investment in the company's stock, as well as his company-operated retirement plan, will be in jeopardy of severe losses. After close inspection of the financial statements, Jim notices that the balance of the Deferred Revenue account is $120,000. This amount represents payments in advance from long-term customers ($80,000) and from relatively new customers ($40,000). Jim comes to you, the company's accountant, and suggests that the firm should recognize as revenue in 2018 the $80,000 received in advance from long-term customers. He offers the following explanation: “First, we have received these customers' cash by the end of 2018, so there is no question about their ability to pay. Second, we have a long-term history of fulfilling our obligation to these customers. We have always stood by our commitments to our customers and we always will. We earned that money when we got them to sign the sixmonth contract.”

1. Summarize your case.

2. What is the dilemma?

3. What is the ethical solution?

4. What would you do if you are faced with the dilemma?

A report announced that the mean sales price of all new houses sold one year was $272,000. Assume that the population standard deviation of the prices is $100,000. If you select a random sample of 100 new houses, what is the probability that the sample mean sales price will be between $250,000 and $285,000?

Select one:

a. 0.1388

b. 0.8034

c. 0.2956

d. 0.8893

Jurgen is taking ISOM2002 in the current semester and he suspects that there are not too many students in the course have submitted all the assigned work (online exercises and assignments). He claims that there is no more than 70% of the students have done it. He asked around 20 friends who are also studying ISOM2002 in the current semester, and 15 of them said they had submitted all the assigned work. Suppose Jurgen would like to use hypothesis testing to support his claim, what would be the type II error in his test?

Select one:

a. He concluded that there were less than 70% of all the students who had submitted all the assigned work but in fact the percentage was no less than 70%.

b. He concluded that there were no less than 70% of all the students who had submitted all the assigned work but in fact the percentage was less than 70%.

c. He concluded that there were no more than 70% of all the students who had submitted all the assigned work but in fact the percentage was more than 70%.

d. He concluded that there were more than 70% of all the students who had submitted all the assigned work but in fact the percentage was no more than 70%.

Which of the following is not a characteristic of a normal variable?

Select one:

a. It is a continuous random variable.

b. The probability of each individual value is virtually 0.

c. The mean and the median are always the same.

d. It assumes a countable number of values.

QUESTION 2

Novus Sdn. Bhd is an interior design company. Its directors are Nobi, Dori, Ita and Moon. Nobi is the managing director of the company. Together the directors hold 30% of the company shares.

Recently the directors of Novus Sdn. Bhd. discover that Lotus Bhd. is making a bid to take over Novus Sdn. Bhd. by purchasing majority shares in the company. It is rumoured that Lotus Bhd. plans to remove Novus Sdn. Bhd.’s directors once it gains control of the company. Accordingly, the directors of Novus Sdn. Bhd cause the company to issue new shares to Mala, a member of the company who strongly opposes the takeover, to block Lotus Bhd.’s take over bid. The issuance of the new shares has the effect of reducing Lotus Bhd.’s percentage of shareholding in the company.

Meanwhile, Nobi successfully negotiates a contract on behalf of Novus Sdn. Bhd. with Ace Sdn. Bhd. However, the company has recently learned that Nobi has received a commission of RM300,000 from the negotiation, which Nobi has not disclosed to the company.

Novus Sdn. Bhd. seeks your advice as to whether any of its directors have breached their duty. Advise Novus Sdn. Bhd.

GIVEN: 1,000,000 € (EUR, Euro) invest in US w/ current spot XR = US$ 1.18/€ and 3-month US APR = 2%

1- What is the expected EFFECTIVE Annual Return on the US investment:

2- Convert the Euros, determine the dollar amount after the three months, and translate the dollars back into Euros at a future SPOT rate of XR = US$ 1.12/€:

3-What did the investor earn in Euros for the three month period annualized on a simple interest basis:

4-What did the investor earn in Euros for the three month period annualized on a compound interest basis:

5-Which currency appreciated?

1. For each item below say (a) what the category in the BOP it falls under (i.e., export, FDI, unilateral transfer, etc.); (b) what account it goes in (CA, FA or OR); (c) whether it is a debit (-) or a credit (+) item. All for the US BOP. • US hospitals purchase ventilators manufactured in Canada. • Microsoft sends its European profits to its headquarters in the US. • Japanese firm Toyota builds a factory in California. • Swiss bank UBS buys shares on the New York Stock Exchange. • US provides military aid to Brazil. • The central bank of South Korea invests its dollar holdings in US Treasury securities.

Use the information in the table

1. What is the expected return of a portfolio with 25% of wealth invested in the US, and 75% invested in the UK?
2. What is the standard deviation of return of a portfolio with 25% of wealth invested in the US, and 75% invested in the UK?
3. What is the covariance of return between the US and the UK?
4. Can an investor obtain diversification gains by investing in both the US and the UK?  Why or why not?  Be sure to provide quantitative justification for your answer.

Describe the four practices of the globalization project (outsourcing, displacement, informalization, recolonization) Who benefits from them? Who is disadvantaged?