The ODU bookstore has decided to promote its new opening by having a shopping spree. The winner of the shopping spree will have to abide by the following rules. They will have 10 minutes to grab as many items as possible from the store. They must place a shopping cart in one spot and leave it there for the entire duration of the
Which is the best and why? A fashion student was interested in factors that predicted the salaries of catwalk models. She collected data from 231 models. For each model she asked them their salary per day on days when they were working (salary), their age (age), how many years they had worked as a model (years), and then got
Should salespeople be furnished with complete sales statistics not only on their own performance but on the performances of other salespeople and on the company as a whole? What do you see as the advantages and disadvantages of distributing complete sales statistics to all the salespeople? (Answer provided in approximately 1
Parmian Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $53,000. Indirect materials included in manufacturing overhead - $8,000 Direct labor - $62,000 Manufacturing overhead applied to work in progress - $41,000 Underapplied overhead - $8,000 Inve
Which do you think is best, and why? The statistical measures that characterize dispersion are: A. Range, variance, standard deviation B. Mean, median, mode C. Range, mean, standard deviation D. Correlation, frequencies, standard deviation
Need assistance with this statistic problem - (in excel format) "Lies, damned lies, and statistics" is a phrase describing the persuasive power of numbers, particularly the use of statistics to bolster weak arguments, and the tendency of people to disparage statistics that do not support their positions. It is also sometimes
This is the following problem: Idaho Paper Co include the following information relating to the current year: Dec 31 Jan 1 Materials inventory................................................... $20,000 $25,000 Work in process invent
Rob Johnson is a product manager at Diamond Chemicals, which is considering whether to launch a new product line that will require it to build a new facility. The technology required to produce the new product is yet untested. If Rob decides to build the new facility and the process is successful, Diamond Chemicals will realize
Mr. T must decide whether to invest $10,000 in the stock market (SM) or saving bond (SB) at an interest rate of 8%. If he invests in the stock market for a year and the market is good, he could get a 12% return on his money. On the other hand, if the market is bad, he will get nothing. Suppose there is a 60% chance of a good
The Hogg company are a group of Oklahoma agricultural producers. The Hoggs want to derive a production process that will satisfy their goals. These farmers can produce corn, wheat, and/or hogs. The acreage they can cultivate for crops is 1100 acres, of which 600 acres is for corn production and 500 acres for wheat production. T
In detail, what statistical tools would apply and how they would be used when analyzing financial information for each of the selected organizations to assess for value. Discuss the pros and cons of each statistic tool. Choose one domestic and one global organization from the Financial Times 500 as opposed to Fortune 500 wit
On January 1, Bank, Rupp & Baroque, Inc. issued $50,000 worth of 10-year, 9% bonds for $48,890. How much cash will bondholders receive when the bonds mature? (Assume that the final interest payment has already been made separately.)
Statistics in Business 300-word summary that addresses the following criteria: 1.) Define statistics. 2.) Identify different types and levels of statistics. 3.) Describe the role of statistics in business decision making. 4.) Provide at least three examples or problem situations in which statistics was used or c
A fashion student was interested in factors that predicted the salaries of catwalk models. She collected data from 231 models. For each model she asked them their salary per day on days when they were working (salary), their age (age), how many years they had worked as a model (years), and then got a panel of experts from modeli
The following data summarize the operating performance of your company's wholly owned Canadian subsidiary for 2009 to 2011. The cost of capital for this subsidiary is 10 percent. (000,000)
Assume that a computer password for a computer account is to consist of 2 letters followed by 2 digits. Determine the number of possible passwords in the case that repetition is permitted and in the case that repetition is not permitted.
The probability distribution of a less risky expected return is more peaked than that of a riskier return. What shape would the probability distribution have for (a) completely certain returns and (b) completely uncertain returns?
An insurance policy sells for $1200. Based on past data, an average of 1 in 125 policy holders will file a $15000 claim, an average of 1 in 100 holders will file a claim of $40,000 and an average of 1 in 250 holders will file a claim of $80,000. a) Find the expected value to the company of each policy sold. b) If the com
Imagine that you are a manager at a delivery service and you are creating a report to project the effects on your company of rising gas prices in the next ten years. Using the attached document as statistical analysis as your basis and outside scholarly resources to support your claims, Include the following considerations:
Please refer attached file for tables. Use the following company data and the PPS Sampling Tables 1 & 2: The recorded book value of these accounts is $3,460,000. The company has a tolerable error of $63,460. The anticipated error is $13,000. The risk of incorrect acceptance is 5%. The acceptable number of overstatement
Four sets are listed in the table below. Each set represents a sample. Find the range, mean, and standard deviation for each set. Use your results to fill in the table. Set: f1; 2; 98; 100g f1; 49; 51; 100g f1; 25; 75; 100g f1; 40; 60; 100g Based on your results above, please answer the following questions: (1) Why i
A poll is conducted the day before a Senatorial election. 2 candidates are running. The poll shows that 56% of the voters favor the republican candidate with a margin of error of 2 percentage points. Should the Republican expect to win? Why or why not? a) The results show that the Republican is not likely to win a solid maj
Valuing Bonds: Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 25 years Coupon Rate: 7 percent Semi Annual Interest Payments Calculate the price of this bond if the YTM is: a. 7 percent b. 9 percent c. 5 percent
In what situations might you use probability as a manager to approach business-related problems? What are the advantages to using probability concepts in business decisions? Are there any disadvantages or possible pitfalls to avoid in using probability in business?
Six years ago, NewCo, Inc., a domestic manufacturer of mold-injection systems, established a sales and service operation in Madrid, Spain. The Madrid office was structured as a Spanish corporation, but NewCo made a check-the-box election to treat the operation as a branch in order to obtain a U.S. tax deduction for the branch's
Finco is a wholly owned Finnish manufacturing subsidiary of Winco, a domestic corporation that manufactures and markets residential window products throughout the world. Winco has been Finco's sole shareholder since Finco was organized in 1990. At the end of the current year, Winco sells all of Finco's stock to an unrelated fore
Can you help me with the development of a 4 year strategic management plan with quantifiable goals and measures? Please provide environmental scanning of current conditions in the area of expansion including economy, competition, political stability. etc. Please address internal resource analysis such as managerial and financi
Can you help me with the following scenarios below concerning U.S. taxation on international transactions? Scenario 1: USAco, a domestic corporation, forms a Canadian subsidiary, CANco, to distribute USAco's widgets in Canada. USAco sells widgets to CANco for resale in Canada, providing CANco with USAco's unique distribution
In each of the following independent situations involving transfers of tangible property, determine which transfer pricing methods applies and compute a transfer price using the appropriate method. Show all of your computations. a) Dougco, a domestic corporation, owns 100% of Thaico, a Thailand corporation. Dougco manufacture
Using the information provided in the table, the network diagram and the expected project completion time = 39 weeks (see attachment): The critical path is A-B-D-G-H. (a) Calculate the probability of completing the project in 36 weeks. P(project ? 36) = (b) Calculate the probability of completing the project in 40 w