For each variable:

Construct a frequency distribution

Calculate appropriate measures of central tendency

Calculate appropriate measures of dispersion

Write a sentence or two summarizing the frequency distribution, central tendency, and dispersion of each variable

Each item is worth 10 points for a total of 40 points.

Survey Items:

1. What is your age in years? (Values are actual ages.)

2. Educational level

                        0. Less than HS

                        1. High School

                        2. Jr. College

                        3. Bachelor's degree

                        4. Graduate school

3. Gender

                        1. Male

                        2. Female

4. "White people have a right to keep Blacks out of their neighborhoods. "

                        1. Agree strongly

                        2. Agree slightly

                        3. Disagree slightly

                        4. Disagree strongly

Please see the next page for the dataset.

Segregated

Case     Age    Degree    Sex    Neighborhoods

1         29       3          2                    4

2         38       3        2                    4

3         63       2        2                    4

4         30       1        1                    3

5         38       1        1                    2

6         48       3        1                    3

7         28       1        2                    2

8         30       3        2                    2

9         25       0        2                    3

10        35       1        1                    4

11        73       0        2                    3

12        55       3        1                    4

13        70       4        2                    4

14        50       1        2                    1

15        62       0        1                    2

16        45       3        1                    2

17        45       2        2                    4

18        35       1        1                    2

19        74       1        2                    4

20        32       0        1                    1

21        36       1        1                    4

22        29       1        2                    2

23        42       3        2                    1

24        40       1        2                    4

25        35       1        2                    3

26        68       3        2                    4

27        38       1        2                    2

28        32         2        2                    4

29        50       0        2                    3

30        26       1        2                    4

The results of both sections of your employment examination have finally been received, and you were offered the position. You have a few important decisions to make before you can formally accept or decline the position.

I. School Versus Work A. The school you would like to attend costs $100,000. To help finance your education, you need to choose whether or not to sell your 1,000 shares of Apple stock, 1,000 EE Savings Bonds (with $100 denominations and 4.25% coupon rate) that are five years from their 30-year maturity date, or a combination of both. Provide the appropriate data and calculations that you would perform to make this decision. B. What are the advantages and disadvantages of selling a combination of stocks and bonds? Be sure to support your answers. C. Suppose that you choose to sell your stocks, bonds, or a combination of both. What is your choice, and what is your financial reasoning behind this choice? Consider supporting your answer with quantitative data. D. Suppose that you choose to accept the job. What is your financial reasoning behind this choice? Be sure to support your answer with quantitative data. II. Bonus Versus Stock

A. The company has offered you a $5,000 bonus, which you may receive today, or 100 shares of the company’s stock, which has a current stock price of $50 per share. Mathematically, what is the best choice? Why?

B. What are the advantages and disadvantages of each option? Be sure to support your answers.

C. What would you ultimately choose to do? What is your financial reasoning behind this choice? Consider supporting your answer with quantitative data.

III. Compliance

A. While investigating the shares offered to you by your potential boss, you discover that the company you are considering working for is not registered as required under the Securities Act of 1933. How does this influence you as a potential employee and as a potential shareholder? Be sure to reference any applicable statutes or laws.

B. You know that accepting this job may eventually lead to a promotion into the role of the financial manager. As the potential financial manager, what federal and shareholder requirements would you need to be familiar with in order to ensure that you are being completely compliant?

Crane Co. provides music lessons to many clients across the city. The following information is available to be used in recording annual adjusting entries at the company’s September 30, 2021, year end:

Prepare the adjusting journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Determine which ethical perspective is primarily reflected in each of the arguments below and, in 1-2 sentences for each argument, explain why it corresponds to the ethical perspective you selected..

Ethical Perspectives:

A = Consequentialism
B = Duty Ethics/Deontology
C = Virtue Ethics
D = Moral Relativism

Arguments:

1. Free health care should be available to all people. After all, if that were the case, it would benefit everyone.
2. Character education should be part of the public school system in the United States. We need to cultivate integrity in our children, and the public school system should play a role in this important process.
3. Although many societies have practiced human sacrifice, human sacrifice wasn't considered wrong, even though we believe it is wrong in our culture. So, human sacrifice within those cultures wasn't really wrong.
4. Same-sex marriage is right because the polls show that most Americans favor it, even if that is not the case in other countries.
5. The legalization of same-sex marriage is wrong because the government has no right to legally sanction any form of personal relationship except one: marriage relationships between a man and a woman. That is the only type of relationship that can lead to procreation, and the state has a legitimate interest in procreation. Thus, the state has a duty to support marriage between a man and a woman, and a duty to refrain from getting legally involved in other types of relationships.
6. Dropping the atomic bombs on Hiroshima and Nagasaki was wrong because those acts violated the right to life of many innocent people, and we should protect those rights.
7. Dropping the atomic bombs on Hiroshima and Nagasaki was right because those acts ended the war faster, and thus made the world a safer place.
8. We need to do a background check and to collect some character references on Mr. Jones before we hire him.
9. He doesn't have the right character and temperament to be a state governor. He has been involved in corruption scandals, known to be dishonest, and has problems controlling his anger.
10. Sure, slavery is wrong in our society because we all agree it's wrong. However, slavery isn't absolutely wrong because many societies have practiced slavery.

PacRim Careers provides training to individuals who pay tuition directly to the business. The business also offers extension training to groups in off-site locations. Additional information available at the December 31, 2020, year-end follows:

1. An analysis of the company’s policies shows that $1,330 of insurance coverage has expired.
2. An inventory shows that teaching supplies costing $530 are on hand at the end of the year.
3. The estimated annual depreciation on the equipment is $9,000
4. The estimated annual depreciation on the professional library is $4,860.
5. The school offers off-campus services for specific employers. On November 1, the company agreed to do a special six-month course for a client. The contract calls for a monthly fee of $870, and the client paid the first five months' revenue in advance. When the cash was received, the Unearned Extension Revenue account was credited.
6. On October 15, the school agreed to teach a four-month class for an individual for $1,280 tuition per month payable at the end of the class. The services to date have been provided as agreed, but no payment has been received.
7. The school's two employees are paid weekly. As of the end of the year, three days' wages have accrued at the rate of $130 per day for each employee.
8. The balance in the Prepaid Rent account represents the rent for three months: December, January, and February.

I4) Brad, who uses the cash method of accounting, lives in a state that imposes an income tax

(including withholding from wages). On April 14, 2008, he files his state return for 2007, paying

an additional $600 in state income taxes. During 2008, his withholdings for state income tax

purposes amount to $3,550. On April 13, 2009, he files his state return for 2008 claiming a

refund of $800. Brad receives the refund on August 3, 2009. If he itemizes deductions, how

much may Brad claim as a deduction for state income taxes on his Federal income tax return for

calendar year 2008 (filed in April 2009)?

a. $3,350.

b. $3,550.

c. $4,150.

d. ss, l 50.

e. None of the above.

I 5) Rick and Carol Ryan, married taxpayers, took out a mortgage on their home for $160,000 ten

years ago. In October of the current year, when the home had a fair market value of $200,000 and

they owed $ I 25,000 on the mortgage, the Ryans took out a home equity loan for $1 10,000. They

used the funds to purchase a sailboat to be used for recreational purposes. The sailboat does not

qualify as a residence. What is the maximum amount of debt on which the Ryans can deduct

home equity interest?

a. $75,000.

b. $90,000.

c. Sl10,000.

d. $125,000.

e. None of the above.

I 6) Joseph and Sandra, married taxpayers, took out a mortgage on their home for $350,000 in 1989.

In May of this year, when the home had a fair market value of $450,000 and they owed $250,000

on the mortgage, they took out a home equity loan for $220,000. They used the funds to purchase

a single engine airplane to be used for recreational travel purposes. What is the maximum amount

of debt on which they can deduct home equity interest?

a. $50,000

b. $100,000

c. $220,000

d. $230,000

e. None of the above

17) Pedro's child attends a school operated by the church the family attends. Pedro made a donation

of $1,000 to the church in lieu of the normal registration fee of $200. In addition, Pedro paid the

regular tuition of $6,000 to the school. Based on this information, what is Pedro's charitable

contribution?

a. $0

b. $800

c. $1,000

d. $6,800

(1 point) Find the percent of observations from a standard normal distribution that satisfies each of the following statements. Note: Enter your answers in the form, 74.22, not 0.7422.

z>1.83z>1.83:

%

z<1.83z<1.83:

%

z>−0.89z>−0.89:

%

−0.89<z<1.83−0.89<z<1.83:

%

(1 point) Find the z-score from a standard normal distribution that satisfies each of the following statements.

(a) The point z with 2.09 percent of the observations falling below it.
z=z=

(b) The closest point z with 4.33 percent of the observations falling above it.
z=z=

(1 point) Almost all medical schools in the United States require applicants to take the Medical College Admission Test (MCAT). On one exam, the scores of all applicants on the biological sciences part of the MCAT were approximately Normal with mean 9.4 and standard deviation 2.2. For applicants who actually entered medical school, the mean score was 10.2 and the standard deviation was 1.7.

(a) What percent of all applicants had scores higher than 12?
ANSWER:   

%

(b) What percent of those who entered medical school had scores between 10 and 11?
ANSWER:   

%

(1 point) The temperature at any random location in a kiln used in the manufacture of bricks is normally distributed with a mean of 1025 and a standard deviation of 40 degrees.
If bricks are fired at a temperature above 1140, they will crack and must be disposed of. If the bricks are placed randomly throughout the kiln, the proportion of bricks that crack during the firing process is closest to

(Note: Please enter your answer in decimal form. For example, 5.02% should be entered as 0.0502.)

(1 point) Scores on a certain intelligence test for children between ages 13 and 15 years are approximately normally distributed with μ=106μ=106 and σ=24σ=24.

(a) What proportion of children aged 13 to 15 years old have scores on this test above 96 ? (NOTE: Please enter your answer in decimal form. For example, 45.23% should be entered as 0.4523.)
Answer:

(b) Enter the score which marks the lowest 30 percent of the distribution.
Answer:

(c) Enter the score which marks the highest 10 percent of the distribution.
Answer:

After ten years on the job, Drew is trying to decide whether to go back to school and get a masters degree. He performs a cost-benefit analysis to determine whether the cost of attending school will be covered by the increase in salary he will received after he attains his degree. He does research and compiles data on annual salaries in his industry, health care, along with the years of experience for each employee and whether the employee has a master’s degree. Earning his master’s degree will require him to take out about $20,000 in student loans. He has decided that if his analysis show that the degree will increase his salary by at least $10,000, he will enroll in the program.

The data used in his analysis are the following:

Drew added a dummy variable to indicate whether the employee had a master’s degree. The variable “Master’s dummy” took the value 1 if the employee had a master’s degree, 0 if not. He then regressed Salary on Years of Experience and the Master’s degree dummy. What results does he find? Show in JMP or Excel.

1. Conduct an F-test for the overall significance of the model.

2. Conduct a t-test to determine whether there is a statistically significant relationship between years of experience and salary, holding master’s degree constant.

3. Conduct a t-test to determine whether there is strong evidence that a Master’s degree increases salary by $10,000 or more, holding years of experience constant.

4. Based on the regression results, would you recommend that Drew pursue a Master’s degree? Why or why not?

trial balance is presented below for November 30, 2018.

It is the end of November and Natalie has been in touch with her grandmother. Her grandmother asked Natalie how well things went in her first month of business. Natalie, too, would like to know if the company has been profitable or not during November. Natalie realizes that in order to determine Cookie Creations’ income, she must first make adjustments.

Natalie puts together the following additional information.

Part 1: Prepare Adjusting Journal Entries

Part Two: Post the Adjusting Journal Entries

Part Three: Prepare the Adjusted Trial Balance

Part 4: Using the adjusted trial balance, calculate Cookie Creations’ net income or net loss for the month of November 2018.