Consider the following stock price and shares outstanding information. DECEMBER 31, Year 1 DECEMBER 31, Year 2 Price Shares Outstanding Price Shares Outstanding Stock K $22 108,000,000 $33 108,000,000 Stock M 86 2,200,000 46 4,400,000a Stock R 37 21,000,000 42 21,000,000 aStock split two-for-one during the year. Compute the beginning and ending values for a price-weighted index and a market-value-weighted index. Assume a base value of 100 and Year 1 as the base period. Do not round intermediate calculations. Round your answers to two decimal places.

PWIYear 1:

PWIYear 2:

VWIYear 1:

VWIYear 2:

Compute the percentage change in the value of each index during the year. Do not round intermediate calculations. Round your answers to two decimal places.

Percentage change in PWI: %

Percentage change in VWI: %

Compute the percentage change for an unweighted index assuming $1,000 is invested in each stock. Do not round intermediate calculations. Round your answer to two decimal places.

%

Question 5 options: A high school principal wishes to estimate how well his students are doing in math. Using 40 randomly chosen tests, he finds that 77% of them received a passing grade. Create a 99% confidence interval for the population proportion of passing test scores. Enter the lower and upper bounds for the interval in the following boxes, respectively. You may answer using decimals rounded to four places or a percentage rounded to two. Make sure to use a percent sign if you answer using a percentage.

Question 6 options: An online retailer wants to estimate the number of visitors that click on their advertisement from a particular website. Of 978 page views in a day, 8% of the users clicked on the advertisement. Create a 90% confidence interval for the population proportion of visitors that click on the advertisement. Enter the lower and upper bounds for the interval in the following boxes, respectively. You may answer using decimals rounded to four places or a percentage rounded to two. Make sure to use a percent sign if you answer using a percentage.

5. Recorded for May for a 65-bed hospital:

Date IPSD Date IPSD Date IPSD

1 50 11 48 21 55

2 50 12 56 22 58

3 49 13 58 23 62

4 54 14 56 24 65

5 52 15 59 25 63

6 51 16 60 26 62

7 50 17 59 27 60

8 43 18 58 28 60

9 44 19 54 29 62

10 46 20 55 30 63

31 50

Calculate: (2 decimal places)

a. Percentage of occupancy for May

b. Percentage of occupancy for May 25

c. Percentage of occupancy for:

(1) May 1 through May 10

(2) May 11 through May 20

(3) May 21 through May 31

d. Percentage of occupancy for May if the bed count had increased to 70 beds on May 11 and to 75 beds on May 21.

In one school district, there are 89 elementary school (K-5) teachers, of which 18 are male (or male-identifying). In a neighboring school district, there are 102 elementary teachers, of which 17 are male. A policy researcher would like to calculate the 99% confidence interval for the difference in proportions of male teachers.

To keep the signs consistent for this problem, we will calculate all differences as p1−p2. That is, start with the percentage from the first school district and then subtract the percentage from the second district. Failing to do so may end up with “correct” answers being marked as wrong.

Point estimate for the percentage males in the first district:
      ˆp1=
Point estimate for the percentage males in the second district:
      ˆp2=
Point estimate for the difference in percentages between the two districts:
      ˆp1−ˆp2=

Estimate of the standard error for this sampling distribution (distribution of differences):
      √ˆp1(1−ˆp1)n1+ˆp2(1−ˆp2)n2=

Critical value for the 99% confidence level:
      zc.v.=

99% margin of error:
      M.E.=

99% confidence interval:

≤p1−p2≤

Consider the following stock price and shares outstanding information. DECEMBER 31, Year 1 DECEMBER 31, Year 2 Price Shares Outstanding Price Shares Outstanding Stock K $22 100,000,000 $30 100,000,000 Stock M 84 2,400,000 46 4,800,000a Stock R 39 24,000,000 42 24,000,000 aStock split two-for-one during the year. Compute the beginning and ending values for a price-weighted index and a market-value-weighted index. Assume a base value of 100 and Year 1 as the base period. Do not round intermediate calculations. Round your answers to two decimal places.

PWIYear 1: PWIYear 2: VWIYear 1: VWIYear 2:

Compute the percentage change in the value of each index during the year. Do not round intermediate calculations. Round your answers to two decimal places. Percentage change in PWI: % Percentage change in VWI: %

Compute the percentage change for an unweighted index assuming $1,000 is invested in each stock. Do not round intermediate calculations. Round your answer to two decimal places. %

Consider the following stock price and shares outstanding information.

1. Compute the beginning and ending values for a price-weighted index and a market-value-weighted index. Assume a base value of 100 and Year 1 as the base period. Do not round intermediate calculations. Round your answers to two decimal places.

             PWI_{Year 1}:

             PWI_{Year 2}:

             VWI_{Year 1}:

             VWI_{Year 2}:

2. Compute the percentage change in the value of each index during the year. Do not round intermediate calculations. Round your answers to two decimal places.

   Percentage change in PWI:   %

   Percentage change in VWI:   %

3. Compute the percentage change for an unweighted index assuming $1,000 is invested in each stock. Do not round intermediate calculations. Round your answer to two decimal places.

     %

Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose that a random sample of companies yielded the following data:

B: Percent increase for company 37 7 12 7 21 18 17 10

A: Percent increase for CEO 28 10 9 3 26 16 20 7

Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Assume that the distribution of differences is approximately normal, mound-shaped and symmetric. Use a 1% level of significance. Find (or estimate) the P-value.

Select one answer:

a. 0.02 < P-value < 0.05

b. 0.01 < P-value < 0.02

c. 0.25 < P-value < 0.50

d. P-value = 0.05

e. P-value = 0.25

Consider the following stock price and shares outstanding information.

1. Compute the beginning and ending values for a price-weighted index and a market-value-weighted index. Assume a base value of 100 and Year 1 as the base period. Do not round intermediate calculations. Round your answers to two decimal places.

             PWI_{Year 1}:

             PWI_{Year 2}:

             VWI_{Year 1}:

             VWI_{Year 2}:

2. Compute the percentage change in the value of each index during the year. Do not round intermediate calculations. Round your answers to two decimal places.

   Percentage change in PWI:   %

   Percentage change in VWI:   %

3. Compute the percentage change for an unweighted index assuming $1,000 is invested in each stock. Do not round intermediate calculations. Round your answer to two decimal places.

     %

Schrader Cellars uses the FIFO method in its two department process costing system: Fermenting (grape sorting is part of the fermentation process) and Packaging. Direct materials (grapes) are added at the beginning of the fermenting process and at the end of the packaging process (bottles). Conversion costs are added evenly throughout each process. Data from the month of March for the Fermenting Department are below:

Beginning work in process inventory:

            Units in beginning work in process inventory            3,000 gallons

            Materials costs                                                            $122,000

            Conversion costs                                                         $7,000

            Percentage complete with respect to materials           100%

            Percentage complete with respect to conversion        50%

Units started into production during the month                      5,000 gallons

Materials costs added during the month                                 $250,000

Conversion costs added during the month                             $30,000

Ending work in process inventory:

            Units in ending work in process                                 2,000 gallons

            Percentage complete with respect to materials           100%

            Percentage complete with respect to conversion        75%

REQUIRED:

1. Prepare a FIFO production report for the Fermentation Department for Schrader Cellars for the month ended December 31, 2018.