7. A researcher was once criticized for falsifying data. Among his data were figures obtained from 55 groups of rats, with 44 individual rats in each group. These values were given for the percentage of successes in each group: 53%, 58%, 63%, 46%, 48% nothing. What's wrong with those values?
A. All percentages of success should be multiples of 5. The given percentages cannot be correct.
B.All percentages of success should be multiples of 4.The given percentages cannot be correct.
C.All percentages of success should be multiples of 25. The given percentages cannot be correct.
D.All percentages of success should be multiples of 8. The given percentages cannot be correct.
8. Determine whether the underlined number is a statistic or a parameter. In a study of all 4229 employees at a college, it is found that Modifying 45 % with underline own a computer.
A. Parameter because the value is a numerical measurement describing a characteristic of a population.
B. Statistic because the value is a numerical measurement describing a characteristic of a population.
C. Statistic because the value is a numerical measurement describing a characteristic of a sample.
D. Parameter because the value is a numerical measurement describing a characteristic of a sample.
9. Determine whether the value given below is from a discrete or continuous data set. In a test of a method of gender selection comma 683 couples used the XSORT method and 528 of them had baby girls.
A. A continuous data set because there are infinitely many possible values and those values can be counted can be counted.
B. A discrete data set because there are a finite number of possible values
C.A continuous data set because there are infinitely many possible values and those values cannot be counted
D.The data set is neither continuous nor discrete.
10. Determine whether the value is from a discrete or continuous data set.
Number of coins in a jar is 78
Is the value from a discrete or continuous data set?
A. Continuous
B. Discrete
11. Determine whether the description corresponds to an observational study or an experiment.
Thirty university students are divided into two groups. One group receives free tutoring in mathematics, the other doesn't. After one semester, scores on final mathematical examinations are compared.
Does the description correspond to an observational study or an experiment?
A. Observational study
B. Experiment
In: Statistics and Probability
After receiving your bachelor’s degree in personnel management, you were hired by a small but expanding life insurance company. Your first assignment is to develop a more efficient technique for the preliminary screening of applicants for sales positions. Since the firm employs only college graduates, you decide to work with information focusing on their performance during college. A random sample of 25 from the firm’s current sales force is selected and the following information is obtained:
Last year’s performance evaluation score
College grade point average (GPA)
Percent of total college expenses earned by the individual
Number of social organizations the individual belonged to
Percent of Number of
Performance Expenses Social
Score GPA Earned Organizations
43 2.1 50 2
47 2.8 20 5
53 2.6 10 3
56 2.7 60 1
57 3.8 0 0
64 2.6 30 2
68 3.2 10 1
68 2.8 30 2
74 2.6 10 2
75 2.9 40 1
77 3.0 30 0
78 3.2 15 1
81 3.4 20 2
83 2.8 40 3
87 2.6 60 5
88 3.1 50 0
89 2.4 80 4
90 3.3 10 2
91 2.9 50 6
92 3.5 40 1
93 3.7 30 2
94 3.1 20 5
95 3.6 70 1
96 3.2 10 4
97 3.4 40 0
On the basis of the data obtained, what recommendations can you make regarding the preliminary screening of applicants for sales positions?
In: Statistics and Probability
1. A marketing research team at Optimum Nutrition is interested in knowing the proportion of Americans who exercise at least three times a week. They send out a survey asking "Do you exercise more than 3 times a week?" to over 5,000 random Americans.
Given the following scenario, is this problem a One Mean, One Proportion, Two Independent Means, or Paired Means?
Group of answer choices
a. One Mean
b. Two Independent Means
c. Paired Means
d. One Proportion
2. On average, how much is the difference in calories burned between regular and standing desks? The amount of calories that 8 employees burned was recorded by using a regular desk for a day, and then with using a standing desk. The data is recorded in the table below. Compute a 95% confidence interval for the population mean difference. (dif = standing - regular)
| Regular Desk | Standing Desk |
| 156 | 164 |
| 160 | 148 |
| 148 | 159 |
| 140 | 160 |
| 156 | 150 |
| 152 | 152 |
| 162 | 162 |
| 155 | 149 |
Group of answer choices
a. (-6.91, 10.66)
b. (-10.66, -6.91)
c. (-10.66, 6.91)
d. (6.91, 10.66)
3. A movie theater wanted to see if they could increase attendance by offering a free digital copy of a movie with ticket purchase. They randomly picked 10 different theaters to test the new program at and tested each of these theaters on two random days, once with the program and once without. The resulting attendance that was recorded is shown in the table below. Find dbar and sd using (with-without).
|
Theater # |
With Program | Without Program |
|
1 |
162 | 173 |
| 2 | 178 | 170 |
| 3 | 155 | 147 |
| 4 | 201 | 198 |
| 5 | 183 | 183 |
| 6 | 147 | 139 |
| 7 | 182 | 185 |
| 8 | 157 | 154 |
| 9 | 182 | 177 |
| 10 | 149 | 151 |
Group of answer choices
a. dbar= 1.9 sd= 6.08
b. dbar= -1.9 sd= -1.14
c. dbar= 1.9 sd= -1.14
d. dbar= -1.9 sd= -6.08
In: Statistics and Probability
Present the six tasks below in 12-point font with particular attention given to APA style. Use the terms between, among, and statistically significant carefully! Remember, the text PDF files contain APA examples.
Deliverable 1
For each group listed in the table below, list the following (to two decimal places - e.g., 17.54)
1. Mean
2. Median
3. Mode
4. Standard deviation (sample)
5. Variance (sample)
6. n (count)
7. df (degrees of freedom) - hint df = n - 1
| Boys | Girls |
| 5 | 2 |
| 14 | 0 |
| 9 | 1 |
| 6 | 3 |
| 8 | 6 |
| 10 | 1 |
| 12 | 0 |
| 16 | 2 |
| 14 | 4 |
| 15 | 1 |
| 17 | 1 |
| 16 | 0 |
| 12 | 3 |
| 10 | 3 |
| 11 | 7 |
| 14 | 1 |
| 18 | 1 |
| 19 | 9 |
| 20 | 0 |
| 13 | 3 |
Deliverable 2
Pearson Correlation
Use the Pearson Correlation to analyze the data below.
1. Report the strength (number) of the correlation.
2. Is the correlation statistically significant (alpha .05 two-tailed)?
| income $ | fireworks $ |
| 5000 | 500 |
| 10000 | 450 |
| 15000 | 400 |
| 20000 | 350 |
| 25000 | 300 |
| 30000 | 250 |
| 35000 | 200 |
| 40000 | 150 |
| 45000 | 100 |
| 50000 | 50 |
| 55000 | 25 |
| 60000 | 20 |
| 65000 | 15 |
| 70000 | 10 |
| 75000 | 5 |
| 80000 | 2 |
| 85000 | 1 |
| 90000 | 0 |
| 95000 | 0 |
| 100000 | 0 |
| 105000 | 0 |
| 110000 | 0 |
| 115000 | 0 |
| 120000 | 0 |
| 125000 | 0 |
| 130000 | 0 |
| 135000 | 0 |
| 140000 | 0 |
| 145000 | 0 |
Independent-Measures t Statistic (2 sample assuming = variances)
For the data below -
| flashcards | no flashcards |
| 32 | 16 |
| 30 | 22 |
| 29 | 24 |
| 35 | 20 |
| 29 | 25 |
| 38 | 31 |
| 30 | 23 |
| 39 | 19 |
| 27 | 20 |
| 33 | 21 |
| 36 | 18 |
| 30 | 20 |
| 35 | 23 |
| 40 | 24 |
| 37 | 18 |
| 36 | 22 |
| 30 | 17 |
| 34 | 26 |
| 36 | 17 |
| 31 | 22 |
Deliverable 4
ANOVA
For the data below -
|
condition 1 |
condition 2 |
condition 3 |
|
0 |
6 |
6 |
|
4 |
8 |
5 |
|
0 |
5 |
9 |
|
1 |
4 |
4 |
|
0 |
2 |
6 |
Deliverable 5
Based on the findings for deliverable four, determine if a post hoc test is necessary. If necessary:
In: Statistics and Probability
Northwood Company manufactures basketballs. The company has a ball that sells for $23. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable costs are high, totaling $15 per ball, of which 65% is direct labor cost.
Last year, the company sold 30,000 of these balls, with the following results:
|
Sales (30000 balls) |
$690,000 |
|
Variable expenses |
450,000 |
|
Contribution margin |
240,000 |
|
Fixed expenses |
150,000 |
|
Net operating income |
$90,000 |
5. Refer to the data in (point 4) above. If the expected change in variable costs takes place, how many balls will have to be sold next year to earn the same net operating income $90,000 as last year?
6. Refer again to the data in (point 4) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year, what selling price per ball must it charge next year to cover the increased labor costs?
7. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable costs per ball by 40%, but it would cause fixed costs per year to double. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls?
8. Refer to the original data. Find the multi-product breakeven point, if the company decides to produce another types of balls (of higher quality) it is expected that the sell at a price of $40 of which 60% is variable cost and no more fixed cost is required. If the company is expecting to have sales at a value of 890,000 of which this new balls would be about 20% of the total sales value. All information related to the original types of balls remains the same.
In: Accounting
Excel Online Structured Activity: Recapitalization
Currently, Forever Flowers Inc. has a capital structure consisting of 25% debt and 75% equity. Forever's debt currently has an 7% yield to maturity. The risk-free rate (rRF) is 4%, and the market risk premium (rM - rRF) is 5%. Using the CAPM, Forever estimates that its cost of equity is currently 12%. The company has a 40% tax rate. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations.
Open spreadsheet
What is Forever's current WACC? Round your answer to two decimal places.
%
What is the current beta on Forever's common stock? Round your answer to two decimal places.
What would Forever's beta be if the company had no debt in its capital structure? (That is, what is Forever's unlevered beta, bU?) Round your answer to two decimal places.
Forever's financial staff is considering changing its capital structure to 40% debt and 60% equity. If the company went ahead with the proposed change, the yield to maturity on the company's bonds would rise to 10%. The proposed change will have no effect on the company's tax rate.
What would be the company's new cost of equity if it adopted the proposed change in capital structure? Round your answer to two decimal places.
%
What would be the company's new WACC if it adopted the proposed change in capital structure? Round your answer to two decimal places.
%
Based on your answer to part e, would you advise Forever to adopt the proposed change in capital structure?
_____YesNo
Check My Work
Reset Problem
In: Finance
The most recent balance sheet is as follow:
|
Cash |
1,000,000 |
Accounts payable |
700,000 |
|
Marketable securities |
800,000 |
Notes Payable |
2,000,000 |
|
Accounts receivable |
1,200,000 |
Accruals |
1,300,000 |
|
Inventory |
2,000,000 |
Current liabilities |
4,000,000 |
|
Current Assets |
5,000,000 |
Long-term debt |
5,400,000 |
|
Common stock |
4,600,000 |
||
|
Fixed assets |
15,000,000 |
Retained earnings |
6,000,000 |
|
Total assets |
20,000,000 |
Total liabilities and equity |
20,000,000 |
The firm estimates sales will increase from $40 million to $50 million. The firm's profit margin is 5 percent, and its dividend payout ratio is 40 percent. The firm’s fixed assets were used to only 96% of the capacity.
Using the AFN formula method, determine how much outside financing is required.
Expand the following equation by plugging numbers in the last term.
In: Finance
Triple Z, is providing car maintenance services for their customers in England, The Company is aiming to expand their business in the UK by establishing car services stations in Scotland. This project will cost the company £50 million. Triple Z decided to establish a separate company for this project and to name it Z Highlands. Z Highland plans to finance this project using 40% equity and 60% debt. T-bond annual rate 6.0%. Expected return on FTSE500 is 15%. The Variance of FTSE500 returns is 2. The covariance between FTSE500 and Triple Z is 1.6. Triple Z has had no debt for the last 5 years. (i.e. Debt/Equity = 0). The tax rate is 40%. Required: a) Calculate the following:
i) The Beta and cost of equity the Triple Z.
ii) The levered beta and the cost of equity for Z Highlands.
In: Finance
The tax officials at the Internal revenue Service (IRS) are constantly working toward improving the wording and format of the tax returns. As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline one of the forms into a shorter and simpler form for the 2021 tax season.
Upon successful completion of this exercise, the new form, – about half the size of the current version – would replace the previous ones and will be shared with the tax community for the feedback. The new Form uses a “building block” approach, in which the tax return is reduced to a simple form. That form can be supplemented with additional schedules if needed. Taxpayers with straightforward tax situations would only need to file this new form with no additional schedules.
To finalize this exercise, the IRS have developed three new forms, and to determine which, if any, are superior to the current forms, 120 individuals were asked to participate in an experiment. Each of the three new forms and the currently used form were filled out by 30 different people. The amount of time (in minutes) taken by each person to complete the task was recorded. The data collected is attached in the Excel file named: Tax Forms worksheet.
You are expected to analyze the project in two phases:
Phase1:
a) Describe the problem background, objective of study and identify the type of scale of measurement for the data
b) Use appropriate descriptive statistics to explore and summarize the data for Tax form 2 & 3 and compare their results. Remember to interpret the findings accurately and present them in a clear and coherent way.
c) Assuming data for Form 2 is normally distributed, calculate the parentage of people who completed the form between 83.9 and 107.5 minutes (round the descriptive statistics numbers to one decimal)
d) If the filling time of all IRS forms is distributed normally with mean of 102 and standard deviation of 8, what is the probability that a randomly selected person could do the tax forms in less than 90 minutes?
e) Referring to problem “d” above, If a randomly selected person is in the top 5 percent of the fastest people who do the tax forms, at least how many minutes should he spent to fill out the form?
"Excel sheet numbers:
Taxpayer Form 1 ------Form 2------- Form 3 ------Form 4
1-------------- 109 ------------115 ----------126 -----------120
2-------------- 98 -------------103 ----------107 -----------108
3 -------------29 --------------27------------ 53------------- 38
4------------ 93 ---------------95 ------------103---------- 109
5------------ 62--------------- 65------------ 67------------- 64
6 -----------103------------- 107----------- 111----------- 128
7------------ 83-------------- 82------------ 101------------ 116
8------------ 122------------ 119----------- 141----------- 143
9 -------------92------------ 101----------- 105------------ 108
10------------ 107--------- 113------------- 127----------- 113
11------------ 103---------- 111------------ 111------------ 108
12------------ 54------------ 64-------------- 67-------------62
13------------ 141---------- 145----------- 142------------160
14------------ 92------------ 94------------- 95-------------102
15 ------------29 -----------32------------- 33---------------62
16----------- 83------------- 83------------ 89-------------- 86
17------------ 34 -----------36 ------------40---------------48
18 ------------83----------- 86------------- 90-------------119
19------------ 157---------- 157----------- 172-----------193
20------------- 99---------- 107------------- 111-----------100
21----------- 118----------- 123------------- 117----------130
22------------ 58----------- 65--------------- 75-------------81
23 ------------66----------- 71---------------- 79------------81
24------------ 60----------- 60--------------- 78------------ 41
25 ------------102---------- 106------------ 100---------- 142
26 -------------128---------- 134------------ 135--------- 142
27---------------87---------- 93------------- 90------------ 77
28--------------126-------- 134----------- 129----------- 154
29----------- -133---------- 130----------- 148----------- 164
30------------ 100----------- 112---------- 107----------- 120
In: Statistics and Probability
Shop Til you drop: Corporate in the real world
To understand more about corporate culture, visit two retail stores and compare them according to various factors. Go to one discount or low-end store such as Kmart, or Walmart, and to one high-end store, such as Saks Fifth Avenue or Nordstrom. Do not interview any employees, but instead be an observer or a shopper. After your visits, fill out the following table for each store. Spend at least two hours in each store on a busy day and be very observant.
| Culture Item | Discount Store | High-End Department Store |
| 1. Mission of store: What is it? and is it clear to employees? | ||
| 2. Individual initiative: Is it encouraged? If so, provide an example. | ||
| 3. Reward system: What are employees rewarded for? | ||
| 4. Teamwork: Do people within one department or across departments work together or talk with each other? If so, provide an example. | ||
| 5. Company loyalty: Is there evidence of loyalty or of enthusiasm to be working there? If so, provide an example. | ||
| 6. Dress: Are there uniforms? Is there a dress code? How strong is it? How do you rate employees' personal appearance in general? | ||
| 7. Diversity or commonality of employees: is there diversity or commonality in age, education, race, personality, and so on? If so, provide an example. | ||
| 8. Service orientation: Is the customer valued or tolerated?Provide an example to support your statement. | ||
| 9. Human resource development: Is there opportunity for growth and advancement? If so, provide an example. |
In: Operations Management