Given the following students' test scores (95, 92, 90, 90, 83, 83, 83, 74, 60, and 50), identify the mean, median, mode, range, variance, and standard deviation for the sample.
Write a 500-750-word summary and analysis discussing the results of your calculations. State your results for the sample: the mean, median, mode, range, variance, and standard deviation Explain which method is best for this data set. Why?
Conduct a one sample T-test and interpret the results (use a population mean of 70).
In what situations would this information be useful?
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
In: Statistics and Probability
In: Statistics and Probability
|
Observed Frequencies |
Remedial English |
Not in Remedial English |
Total |
|
Normal |
22 |
187 |
209 |
|
ADD |
19 |
74 |
93 |
|
Total of the two categories |
41 |
261 |
302 |
My Question: How do you run the appropriate chi square test on this data in SPSS? I need to know how to set it up in SPSS and the step by step procedures. What goes in the data view/variable view and how do I run the test?
In: Math
Suppose that you are working for a chain restaurant and wish to
design a promotion to disabuse the public of notions that the
service is slow. You decide to institute a policy that any customer
that waits too long will receive their meal for free. You know that
the wait times for customers are normally distributed with a mean
of 16 minutes and a standard deviation of 3.4 minutes. Use
statistics to decide the maximum wait time you would advertise to
customers so that you only give away free meals to at most 0.5% of
the customers.
a. Determine an estimate of an advertised maximum wait time so that
0.5% of the customers would receive a free meal. Round to one
decimal place. minutes
b. Include a graph illustrating the solution. For the graph do NOT
make an empirical rule graph, just include the mean and the mark
off the area that corresponds to the 0.5% who would receive the
refund. There is a Normal Distribution Graph generator linked in
the resources area. Combine the above into as single file and
upload using the link below. Choose FileNo file chosen
c. Write a response to the vice president explaining your
prescribed maximum wait time. Structure your essay as
follows:
In: Statistics and Probability
The following appeared in a brief article in a major business newspaper: A local court is in the process of ruling on whether the public accounting firm of James Willis and Co., CPAs, PC, should be required to pay all or part of $16 million in damages relating to Geiger Co. for failing to detect a scheme to defraud the company, a former audit client.
Geiger Co., an SEC registrant, charges that Willis was negligent in failing to discover fraud committed by the company's controller and wants Willis to foot the bill for all $16 million in claims by and against the company. The company claims that if it had known about the fraud, it could have stopped it and recovered financially. The bank involved claims that it granted the loan based on misstated financial statements. The shareholder's involved claim that they purchased the stock on the American Stock Exchange at an inflated price due to the misstated financial statements. They acknowledged that while stock had been outstanding and traded for many years (10) prior to the fraud, they made their investment decisions relying upon the misstated financial statements.
Willis's general counsel said, “We anxiously await a decision that will show that CPAs are not guarantors for everything that goes on in the company.” Geiger Co.'s lawyer said that she anxiously awaited a decision because it will “clearly show that CPAs are liable for finding fraud.”
Assume that Willis performed that audit with ordinary negligence and this ordinary negligence is the reason that the defalcation was not discovered and recovered. Further, assume that the $16,000,000 of loss is properly allocated as follows:
|
Company itself |
$8,000,000 |
|
Bank that gave a commercial loan |
5,000,000 |
|
Shareholders |
3,000,000 |
Reply from the perspective that the only issues involved here are whether the plaintiffs involved may recover from a CPA that has performed the engagement with this degree of negligence. Assume the situation described above, and assume that other elements of proof (e.g., loss, proximate cause) are not at issue.
Required:
Assume that the case is brought under common law, and that the state in which Geiger Co. is headquartered follows the known userapproach for third-party legal liability.
1. Should Willis be found liable to the company, Geiger Co., itself? Explain.
2. Should Willis be found liable if sued by a bank that used the financial statements as a basis for providing a loan and, due to the misstatement, lost $5 million on the loan? Explain.
3. Should Willis be found liable if sued by shareholders who invested in the stock of the company? Assume these investors invested relying upon the misstated financial statements and as a result thereof lost $3 million. Explain.
4. Which of answers 1, 2, and 3 might change if the jurisdiction involved followed the Restatement of Torts approach? Explain.
Assume that the case is brought under the Securities Act of 1933. Answer the following from the perspective of CPA liability under that act.
1. Should Willis be found liable to the company, Geiger Co., itself? Explain.
2. Should Willis be found liable if sued by a bank that used the financial statements as a basis for providing a loan and, due to the misstatement, lost $5 million on the loan? Explain.
4. Should Willis be found liable if sued by shareholders who invested in the stock of the company? Assume these investors invested relying upon the misstated financial statements and as a result thereof lost $3 million. Explain.
4. Which, if any, of answers 1, 2, and 3 might change if the stock involved had been issued to the public for the first time and the financial statements involved had been included in a registration statement for the securities? Explain.
Assume that the case is brought under the Securities Exchange Act of 1934. Answer the following from the perspective of CPA liability under that act.
1. Should Willis be found liable to the company, Geiger Co., itself? Explain.
2. Should Willis be found liable if sued by a bank that used the financial statements as a basis for providing a loan and, due to the misstatement, lost $5 million on the loan? Explain.
3. Should Willis be found liable if sued by shareholders who invested in the stock of the company? Assume these investors invested relying upon the misstated financial statements and as a result thereof lost $3 million. Explain.
In: Accounting
13. Accelerated Solutions has the following data for the year
ended December 31, Year 1:
|
Accounts receivable (January 1, Year 1) |
$ 350,000 |
|
Credit sales |
1,200,000 |
|
Collections from credit customers |
850,000 |
|
Customer accounts written off as uncollected |
10,000 |
|
Allowance for doubtful accounts (January 1, Year 1) |
35,000 |
|
Estimated uncollected accounts based on an aging analysis (December 31, Year 1) |
50,000 |
Refer to Accelerated Solutions. If the aging approach is used to estimate bad debts, what is the balance in the allowance for doubtful accounts after the bad debt expense adjustment?
|
|
a. |
$10,000 |
|
|
b. |
$15,000 |
|
|
c. |
$25,000 |
|
|
d. |
$50,000 |
|
14. MicroScan Technologies reported the following
information:
|
||||||||||||
|
Refer to MicroScan Technologies. How much cash was received for interest during Year 2?
|
||||||||||||
|
15. AT&U Company has the following data for the year ended
December 31, Year 1:
|
||||||||||||
|
Refer to AT&U Company. If the company estimates its bad debt to be 2% of net credit sales, what will be the balance in the allowance for doubtful accounts after the adjustment for bad debt expense?
|
|
In: Accounting
In: Other
“WakeUP”, a Mississippi company that produces coffee products, sells their products throughout the United States and is considering expanding its business into Europe. If so, they will have income derived from sales to US Customers and income derived from sales within Europe. Assess the impacts that selling their products abroad will have to WakeUP and any tax incentives that will apply to their situation.
In: Accounting
Which of the below is not considered as an ‘invitation to treat’ (ITT) situation?
A. A computer shop puts up a banner ‘Closing downClearance! Offer for Sale!’
B. A company publicises a tender announcement in the newspaper
C. A car dealer puts up an advertisement ’Toyota Yaris at RM30K.First 10 customers only’
D. A real estate agency promotes an auction in a property magazine
In: Economics
Big Country Ski Shop is a retail store that sells ski equipment and clothing. Big Country Ski Shop commenced business on September 1, 2019. The firm purchases merchandise on open account. The firm’s purchases, purchase returns and allowances, and cash payments on account during September 2019 follow:
| DATE | TRANSACTIONS | |
| 2019 | ||
| Sept. | 2 |
Purchased ski boots for $5,100 plus a freight charge of $160 from Colorado Ski Shop, Invoice 6672, terms n/30. |
| 3 |
Purchased skis for $10,700 from Alaska Supply Company, Invoice 5916; terms 1/10, n/30. |
|
| 7 |
Received Credit Memorandum 165 for $850 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. |
|
| 11 |
Purchased ski jackets for $3,500 from Cold Mountain Clothing Company, Invoice 4091, terms n/30. |
|
| 12 |
Issued Check 104 to Alaska Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. |
|
| 22 |
Purchased ski poles for $3,260 plus a freight charge of $195 from Alaska Supply Company, Invoice 5950, terms 3/10, n/30. |
|
| 23 |
Purchased ski pants for $1,750 from Swenson Ski Goods, Invoice 528, terms n/30. |
|
| 25 |
Received Credit Memorandum 245 for $250 from Swenson Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. |
|
| 27 |
Purchased ski sweaters for $4,100 plus a freight charge of $175 from Colorado Ski Shop, Invoice 6722, terms n/30. |
|
| 30 |
Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. |
|
Required:
Record the transactions in a general journal.
Analyze:
What was the amount of the cash discount on September 12?
In: Accounting