Questions
Collecting Averages of Groups of Five Repeat steps one through five (of the section titled Collect...

Collecting Averages of Groups of Five Repeat steps one through five (of the section titled Collect the Data) with one exception. Instead of recording the change of 30 classmates, record the average change of 30 groups of five. 1. Randomly survey 30groups of fiveclassmates. 2. Record the values of the average of their change.
Chapter 7 | The Central Limit Theorem 419
__________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ Table 7.3
3. Construct a histogram. Scale the axes using the same scaling you used for the section titled Collect the Data. Sketch the graph using a ruler and a pencil.
Figure 7.12
4. Calculate the following (n= 5; surveying five people at a time): a. x ¯ = _______ b. s= _______ 5. Draw a smooth curve through tops of the bars of the histogram. Use one to two complete sentences to describe the general shape of the curve. Discussion Questions 1. Why did the shape of the distribution of the data change, as n changed? Use one to two complete sentences to explain what happened. 2. In the section titled Collect the Data, what was the approximate distribution of the data? X ~ _____(_____,_____) 3. In the section titled Collecting Averages of Groups of Five, what was the approximate distribution of the averages? X ¯ ~ _____(_____,_____) 4. In one to two complete sentences, explain any differences in your answers to the previous two questions.

In: Statistics and Probability

One hundred teachers attended a seminar on mathematical problem solving. The attitudes of representative sample of...

One hundred teachers attended a seminar on mathematical problem solving. The attitudes of representative sample of 12 of the teachers were measured before and after the seminar. A positive number for change in attitude indicates that a teacher's attitude toward math became more positive. The twelve change scores are as follows.

4; 7; −1; 1; 0; 5; −2; 2; −1; 6; 5; −3

1. What is the mean change score? (Round your answer to two decimal places.)

2. What is the standard deviation for this sample? (Round your answer to two decimal places.)

3. What is the median change score? (Round your answer to one decimal place.)

4. Find the change score that is 2.2 standard deviations below the mean. (Round your answer to one decimal place.)

_______________________________________________________________________________________________________________________________________

A sample of 100 clients of an exercise facility was selected. Let X = the number of days per week that a randomly selected client uses the exercise facility.

X Frequency
0 3
1 14
2 31
3 28
4 10
5 7
6 7

1. Find the number that is 1.5 standard deviations BELOW the mean. (Round your answer to three decimal places.)

In: Statistics and Probability

FIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for...

FIFO Perpetual Inventory

The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows:

Date Transaction Number
of Units
Per Unit Total
Apr. 3 Inventory 60 $225 $13,500
8 Purchase 120 270 32,400
11 Sale 80 750 60,000
30 Sale 50 750 37,500
May 8 Purchase 100 300 30,000
10 Sale 60 750 45,000
19 Sale 30 750 22,500
28 Purchase 100 330 33,000
June 5 Sale 60 790 47,400
16 Sale 80 790 63,200
21 Purchase 180 360 64,800
28 Sale 90 790 71,100

Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.

Dunne Co.
Schedule of Cost of Goods Sold
FIFO Method
For the Three Months Ended June 30
Purchases Cost of Goods Sold Inventory
Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost
Apr. 3 $ $
Apr. 8 $ $
Apr. 11 $ $
Apr. 30
May 8
May 10
May 19
May 28
June 5
June 16
June 21
June 28
June 30 Balances $ $

-- Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts. Assume that all sales were on account.

Record sale
Record cost

-- Determine the gross profit from sales for the period.
$______

-- Determine the ending inventory cost as of June 30.
$____________

-- Based upon the preceding data, would you expect the ending inventory using the last-in, first-out method to be higher or lower?

In: Accounting

You have been asked by an investor to value a restaurant using discounted cash flow valuation....

You have been asked by an investor to value a restaurant using discounted cash flow valuation. For the current year, the restaurant earned pretax operating income of $750,000. Income has grown 2% annually during the last five years, and is expected to continue growing at that rate for the next two years. Net operating working capital increased by $60,000 during the current year and current year capital spending on long-lived assets exceeded depreciation by $75,000. Both working capital and the excess of capital spending over depreciation are projected to grow at the same rate as operating income. Subsequent to the second year, you believe the pretax operating income growth rate will increase to 3% per year and remain at that level into the foreseeable future. The 10-year Treasury bond rate is 2.5%, the equity risk premium is 5.5%, and the marginal federal, state, and local tax rate is 35%. The restaurant’s beta and its target debt-to-equity ratio are 1.74 and 0.67, respectively. Its pretax cost of borrowing, based on its recent borrowing activities, is 9%. (Show Work)

What is the restaurant’s enterprise free cash flow in year 1?

A)$352,500 B)$420,750 C)$427,500 D)$359,550 E)$436,050

What is the restaurant’s enterprise free cash flow in year 2?

A)$370,337 B)$359,550 C)$436,050 D)$366,741 E)$388,745

What is the restaurant’s cost of equity?

A)14.5% B)12.07% C)7.72% D)7.72% E)9.13%

What are the restaurant’s target capital structure weights?

A. 50% debt; 50% equity b. 60% debt / 40% equity c. 67%debt/ 33% equity d. 40%debt/60% equity E. 33%debt/67%equity

What is the restaurant’s weighted average cost of capital?

a. 11.04% b.7.82% c. 9.58% d.6.97% e.9.17%

What is the restaurant’s enterprise value?

a. $4,143,678 b. $5,398,701 c. $5,062,483 d. $5,740,779 e. $5,414,420

In: Finance

Case: Cost Structures for Global Shippers Inc. Management from Global Shippers Inc, an international shipping business,...

Case: Cost Structures for Global Shippers Inc.

Management from Global Shippers Inc, an international shipping business, is in the process of assessing the choice between two different cost structures for the business. Option A has relatively higher variable costs per unit shipped but lower annual fixed costs, while Option B has the opposite—relatively lower variable costs in its cost structure but higher fixed costs. Assume that delivery selling prices per unit are constant. The table below contains critical information in making the decision:

Cost Information

Option A

Option B

Delivery price (revenue) per shipment

$100

$100

Variable cost per shipment delivered

$85

$60

Contribution Margin per unit

$15

$40

Fixed costs (annual)

$1,200,000

$4,500,000


Management wants you to write a professional report, answering the following questions:

Questions

1) What is the break-even point, in terms of volume (i.e., number of shipments per year), for Option A? Option B?

(2) How many shipments would have to be made under Option A to produce operating income of $30,000 for an annual period?

(3) How many shipments per year would have to be made under Option A to produce an operating margin equal to 9% of sales revenue?

(4) How many shipments are required under Option B to produce net income of $180,000 per year, given a corporate tax rate of 40%?

(5) Assume that for the coming year total fixed costs are expected to increase by 15% for each of the two options. What is the new break-even point, in terms of number of shipments, for each option? By what percentage did the break-even point change for each case? How do these figures compare to the percentage increase in budgeted fixed costs?

(6) Assume an average income-tax rate of 20%. What volume (number of shipments) would be needed to generate net income of 5% of revenue for each option?

(7) Which option do you think is the more profitable one for this business? Explain.

(8) Which option do you consider to be more risky to the business? Explain (calculate degree of operating leverage to help answer this question).

Evaluation

Case Analysis 1 will be marked in its entirety out of 100. The following rubric indicates the criteria students are to adhere to, and their relative weights to the assignment overall.

Activity/Competencies Demonstrated

% of Final Grade
General presentation and format (spelling, grammar) /10
Completeness of answers (showing formulas, steps in calculations)

/10

Question 1 Answer

/10

Question 2 Answer

/10

Question 3 Answer

/10

Question 4 Answer

/10

Question 5 Answer

/10

Question 6 Answer

/10

Question 7 Answer

/10

Question 8 Answer

/10

Total /100

In: Accounting

Dr. Lillian​ Fok, a New Orleans​ psychologist, specializes in treating patients who are agoraphobic​ (i.e., afraid...

Dr. Lillian​ Fok, a New Orleans​ psychologist, specializes in treating patients who are agoraphobic​ (i.e., afraid to leave their​ homes). The following table indicates how many patients Dr. Fok has seen each year for the past 10 years. It also indicates what the robbery rate was in New Orleans during the same​ year.                                                                                                                                          

Year

1

2

3

4

5

6

7

8

9

10

Number of Patients

37

34

40

41

41

54

60

53

58

62

Robbery Rate per​ 1,000 Population

58.0

60.6

73.0

75.7

81.5

89.0

101.5

94.2

104.1

116.2

The simple linear regression equation that shows the best relationship between the number of patients and year is ​(round your responses to three decimal​ places):

                                               

ModifyingAbove y with carety ​=??????​+??????x where

ModifyingAbove y with carety ​= Dependent Variable and x​ = Independent Variable.

Using linear regression​, the number of patients Dr. Fok will see in year 11​=????? patients​ (round your response to two decimal​ places).

Using linear regression​, the number of patients Dr. Fok will see in year 12​=???? patients ​(round your response to two decimal​ places).

The coefficient of determination for the linear regression model is 0.8621 This shows that there is a (strong) OR (not so strong) relationship between the​ "Number of​ Patients" and​ "Year."

In: Math

Meiosis without Independent Assortment: 1. Are the two cells formed at the end of meiosis I...

Meiosis without Independent Assortment:

1. Are the two cells formed at the end of meiosis I haploid or diploid? _________

2. Are the two cells formed at the end of meiosis I genetically identical? _______

3. Are the two cells formed at the end of meiosis I genetically equivalent (similar)? ______

4. Are the four cells formed at the end of meiosis II genetically equivalent?______

5. How many genetically distinct types of cells are formed by meiosis without independent assortment? ___________

Meiosis with Independent Assortment

6. Are the two cells formed at the end of meiosis I genetically identical?________

7. Are the two cells formed at the end of meiosis I genetically equivalent?_______

8. Are the four cells formed at the end of meiosis II genetically equivalent?______

9. How many genetically distinct types of cells are formed by meiosis with independent

assortment? __________

Meiosis with Crossing Over

10. Are the two cells formed at the end of meiosis I genetically identical?________

11. Are the two cells formed at the end of meiosis I genetically equivalent?_______

12. Are the four cells formed at the end of meiosis II genetically equivalent?______

13. How many genetically distinct cell types are formed by meiosis with a single crossing over event?__________

In: Biology

There are two parts to this activity. Before you write a Java program for this activity,...

There are two parts to this activity. Before you write a Java program for this activity, write the pseudocode for this program. Turn in the pseudo code and Java program.

Create a program that prompts the user for an integer number. The program returns the factorial of the number. 0! = 1

In your program, answer the following question: What kind of loop are you using for this example? Counter-controlled loop or sentinel controlled loop? Explain.

Sample Input
Enter a number: 8

Sample Output
8! = 8 * 7 * 6 * 5 * 4 * 3 * 2 * 1 = 40320
Sample Input
Enter a number: 3

Sample Output
3! = 3 * 2 * 1 = 6
Sample Input
Enter a number: 10

Sample Output
10! = 10 * 9 * 8 * 7 * 6 * 5 * 4 * 3 * 2 * 1 = 3628800
Sample Input
Enter a number: 0

Sample Output
0! = 1 
Sample Input
Enter a number: 5

Sample Output
5! = 5 * 4 * 3 * 2 * 1 = 120

In: Computer Science

What was the age distribution of nurses in Great Britain at the time of Florence Nightingale?...

What was the age distribution of nurses in Great Britain at the time of Florence Nightingale? Suppose we have the following information. Note: In 1851 there were 25,466 nurses in Great Britain. a) Find the probability that a British nurse selected at random in 1851 would be 60 years of age or older. (Round your answer to three decimal places.)____________
b)Compute the expected age μ of a British nurse contemporary to Florence Nightingale. (Round your answer to two decimal places.)___________

c) Compute the standard deviation σ for ages of nurses shown in the distribution. (Round your answer to two decimal places.)___________

Age range (yr) 20-29 30-39 40-49 50-59 60-69 70-79 80+
Midpoint x 24.5 34.5 44.5 54.5 64.5 74.5 84.5
Percent of nurses 5.8% 9.5% 19.2% 29.4% 25.5% 9.0% 1.6%

In: Statistics and Probability

Edgerron Company is able to produce two products, G and B, with the same machine in...

Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available. Product G Product B Selling price per unit $ 50 $ 80 Variable costs per unit 10 48 Contribution margin per unit $ 40 $ 32 Machine hours to produce 1 unit 0.4 hours 1.0 hours Maximum unit sales per month 600 units 200 units The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours per day for 22 days per month. This change would require $4,000 additional fixed costs per month. (Round hours per unit answers to 1 decimal place. Enter operating losses, if any, as negative values.)

In: Accounting