Kanchana has been working as an environmental engineer at a consulting firm for over twenty-five years. Well-known for settling disputes between his corporate clients before litigation must be pursued, Kanchana often analyses technical data, particularly distributions of solid particle pollution, presented by disputing parties to help them reach a compromise on the cost of environmental clean-up. For example, two parties may be separated from one another by a strip of land; however, each party must fiscally contribute in keeping the land free from pollutants.
One day, Kanchana was contacted by a journalist to talk about his experiences at the firm. Kanchana spoke about how he often encountered cases where companies did not accurately depict levels of solid particle pollution occupying the companies’ respective surroundings. Instead, technical experts, who are mostly engineers, would misrepresent data in order to make it seem that minority parties were responsible for a greater part of the contamination. At the end of the interview, Kanchana emphasized the necessity of engineers taking ownership and being honest about the presentation of data.

The motion picture industry is a competitive business. More than 50 studios produce several hundred new motion pictures each year, and the financial success of the motion pictures varies considerably. The opening weekend gross sales, the total gross sales ($ millions), the total gross sales ($millions), the number of theaters the movie was shown in, and the number of weeks the motion picture was in release are common variables used to measure the success of a movie. Data on the top 100 grossing motion pictures released in 2016 (Box Office Mojo website) are contained in a file named Movies2016. Table 3.10 below shows the data for the first 10 motion pictures in this file.

Use the numerical methods of descriptive statistics presented in this chapter to learn how these variables contribute to the success of a motion picture. Include the following in your report:

1. Descriptive statistics for each of the four variables along with a discussion of what the descriptive statistics tell us about the motion picture industry.

2. What motion pictures, if any, should be considered high-performance outliers? Explain.

3. Descriptive statistics showing the relationship between total gross sales and each of the other variables. Discuss.

Anchalee, Bancha and Chamni form a joint venture for the sale of merchandise. Anchalee and
Bancha are to contribute the merchandise and Chamni is to act a managing partner as well as sales
manager and is to be allowed a commission of 2% of gross sales. Anchalee and Bancha are to be
allowed 12% a year on their original investments and the balance of any profit on the venture is to be
divided equally.
On January 1, Anchalee and Bancha contributed merchandise of $ 200,000 and $ 280,000
respectively. Between January 1 and March 31, Chamni sold venture merchandise on account for $ 720,000
of which he collected $ 708,000 allowing for cash discount of $ 9,000 and writing off $ 3,000 as bad
debts. Chamni paid joint venture expense of $ 125,000 out of joint venture cash. On April 1, the
venture was terminated and unsold merchandise on hand was returned to Anchalee at $ 18,000 and
Bancha $ 20,000. Cash settlement was completed by Chamni on this date.
Required :
1. Assuming that a separate set of books is kept, prepare the journal entries to record the foregoing
transactions on the venture books and the books of each member.
2. Assuming that a separate set of books is not kept, prepare the journal entries to record the foregoing
transactions on the books of each member.

Use the following information for the next three (3) questions. MARIKINA Company had the following cash transactions:

Cash collected from customers 12,500

Cash received from a loan 8,000

Cash paid for wages payable 5,750

Cash paid for the purchase of a building 15,000

Cash received for the issuance of new shares of stock 2,600

Cash received from sale of land 6,400

Cash paid for rent 2,500

Cash paid for dividends 1,500

1.What is the net cash provided by operating activities?

2.What is the net cash used by investing activities?

3.What is the net cash provided by financing activities?

Which of these situations fit the conditions for using Bernoulli​ trials? Explain. ​a) You are rolling 8 dice and need to get at least three 1s to win the game. ​b) We record the distribution of home states of customers visiting our website. ​c) A committee consisting of 8 men and 12 women selects a delegation of 5 to attend a professional meeting at random. What is the probability they choose all​ women? ​d) A study found that 58​% of M.B.A. students admit to cheating. A business school dean surveys all the students in the graduating class and gets responses in which cheating was admitted by 322 of 549 students.

Compare the financial reports from Disney, Hilton Worldwide, Starwood, Intercontinental, Marriott International, and Marriott Vacations.

Disney Company:

Hilton Worldwide:

Starwood Hotels:

Key Financials

(In USD as of 06/30/2016)

Marriott International:

Marriott Vacations:

In a bookstore thirty five percent of customers who are not teachers order pencils. Fifty percent of all customers are teachers. Of the customers who are teachers, twenty five percent order pencils. If a randomly chosen customer orders pencils, what is the probability that customer is a teacher?

Paul is the pharmacist at RiteAid pharmacy where customers arrive on average every 10 minutes (Exponential distribution). Paul can serve on average 8 customers per hour (Poisson distribution).

Using Queuing theory, calculate

a. the average number of customers waiting in line

b. the average waiting time in line

c. the average waiting time in the system (line + order filling)

d. the system utilization

e. the probability that no customers are in the pharmacy