QNT 275 Week 1 Practice Set

QNT 275 Week 1 Practice Set

 1. The following table lists the number of deaths by cause as reported by the Centers for Disease Control and Prevention on February 6, 2015:

Cause of Death    Number of Deaths
Heart disease    611,105
Cancer    584,881
Accidents    130,557
Stroke    128,978
Alzheimer’s disease    84,767
Diabetes    75,578
Influenza and Pneumonia     56,979
Suicide     41,149

a) What is the variable for this data set (use words)?
b) How many observations are in this data set (numeral)?
c) How many elements does this data set contain (numeral)?

2. Indicate which of the following variables are quantitative and which are qualitative.

Note: Spell quantitative and qualitative in lower case letters.

a) The amount of time a student spent studying for an exam
b) The amount of rain last year in 30 cities
c) The arrival status of an airline flight (early, on time, late, canceled) at an airport
d) A person’s blood type
e) The amount of gasoline put into a car at a gas station

3. A local gas station collected data from the day’s receipts, recording the gallons of gasoline each customer purchased. The following table lists the frequency distribution of the gallons of gas purchased by all customers on this one day at this gas station.

Gallons of Gas    Number of Customers
4 to less than 8     78
8 to less than 12     49
12 to less than 16     81
16 to less than 20    117
20 to less than 24     13

a) How many customers were served on this day at this gas station?
b) Find the class midpoints. Do all of the classes have the same width? If so, what is this width? If not, what are the different class widths?
c) What percentage of the customers purchased between 4 and 12 gallons? (do not include % sign. Round numerical value to one decimal place)

4. The following data give the one-way commuting times (in minutes) from home to work for a random sample of 50 workers.

23    17    34    26    18    33    46    42    12    37
44    15    22    19    28    32    18    39    40    48
16    11     9    24    18    26    31     7    30    15
18    22    29    32    30    21    19    14    26    37
25    36    23    39    42    46    29    17    24    31

a. What is the frequency for each class 0–9, 10–19, 20–29, 30–39, and 40–49.
b. Calculate the relative frequency and percentage for each class.
c. What percentage of the workers in this sample commute for 30 minutes or more?

Note: Round relative frequency to two decimal places. Complete the table by calculating the frequency, relative frequency, and percentage.

Commuting Times
(part a)
Relative Frequency
(part c)    Percentage (%)
(part d)

0-9    ?    0.??    ?
10-19    ?    0.??    ?
20-29    ?    0.??    ?
30-39    ?    0.??    ?
40-49    ?    0.??    ?

5.  The following data give the number of text messages sent on 40 randomly selected days during 2015 by a high school student.
32    33    33    34    35    36    37    37    37    37
38    39    40    41    41    42    42    42    43    44
44    45    45    45    47    47    47    47    47    48
48    49    50    50    51    52    53    54    59    61

Each stem has been displayed (left column). Complete this stem-and-leaf display for these data.
Note: Use a space in between each leaf. For example 1 2 3 4 5 6 7 8 9 (do not use this format 123456789

6 A) Which of the five measures of center (the mean, the median, the trimmed mean, the weighted mean, and the mode) can be calculated for quantitative data only.
B) Which can be calculated for both quantitative and qualitative data?

7. Prices of cars have a distribution that is skewed to the right with outliers in the right tail. Which of the measures of center is the best to summarize this data set?

8. The following data give the amounts (in dollars) of electric bills for November 2015 for 12 randomly selected households selected from a small town.

205    265    176    314    243    192    297    357    238    281    342    259

Calculate the (a) mean, (b) median and (c) Is there a mode (Yes or No)?

9. The following data give the prices of seven textbooks randomly selected from a university bookstore.

$89    $170    $104    $113    $56    $161    $147

a) Find the mean for these data (input the numerical value without the dollar sign). Calculate the deviations of the data values from the mean.

b) Is the sum of these deviations zero (yes or no)?
c) Calculate the range (do not include unit).
d) Calculate the variance.
e) Calculate the standard deviation (round to one decimal place).

10. The following data give the speeds of 13 cars (in mph) measured by radar, traveling on I-84.

73    75    69    68    78    69    74
76    72    79    68    77    71

a) Find the values of the three quartiles and the interquartile range.
b) Calculate the (approximate) value of the 35th percentile (round to two decimal places).
c) Compute the percentile rank of 71 (round to two decimal places. Do not include the % symbol).

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Henri and Lila are looking at ways to borrow more money since the house

Assignment: Leverage

Henri and Lila are looking at ways to borrow more money since the house they ideally want costs $150,000 more than they had anticipated ($450,000). They only have $50,000 to put down on this home. If their restaurant was recently re-appraised at $950,000 after they made improvements and they put a mortgage on that property of $400,000, should they use their restaurant as the additional collateral? Their net monthly income from the restaurant is $7,200 a month and they applied to you for a loan at 6% but the interest rates are expected to move to 7% in the near future.

You as a lender know that the preferred debt to loan ratio is 34%.You are the lender to whom they have applied for a mortgage, would you make this loan and why based on this information? Respond to the following checklist items:

From the lender’s viewpoint:

Calculate the monthly payment to amortize the debt.
Calculate debt ratio of loan to income.
Discuss the factors in granting or not granting the loan.

Respond from both the lender’s and borrowers’ viewpoints:

What are the risks and benefits involved for both parties? What are the ethical factors to be considered from the real estate professional’s perspective regarding recommendation of loan products?

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The President of EEC recently called a meeting to announce

The President of EEC recently called a meeting to announce that one of the firm’s largest suppliers of component parts has approached EEC about a possible purchase of the supplier. The President has requested that you and your staff analyze the feasibility of acquiring this supplier. Discuss the following:

What information will you and your staff need to analyze this investment opportunity?
What will be your decision-making process? Discuss and evaluate the different techniques that could be used in capital budgeting decisions.
Specifically, discuss how the time value of money affects capital budgeting. Capital budgeting differs from regular budgeting in that capital budgeting is for large investment decisions like plant expansion. The regular budgeting is for your day-to-day operations decisions.
Which do you think EEC should use? Why?

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Gizmo Products Inc., is a manufacturer of unique computer-based

Gizmo Products Case Problem:

Gizmo Products Inc., is a manufacturer of unique computer-based hardware and software products. The company has developed a new hardware-software combination product that provides state-of-art protection against viruses and malware. Based on the test market data, the market research and data analytics team Gizmo have provided you with the following weekly demand, revenue, and cost information. Specifically, they estimate the demand curve for the new product is:

Q = $12,000 – $200P
Where P is the product price and Q is the units demanded at that price.
The total cost equation for the ice cream maker is estimated to be:
C = $100,000 + $5Q + 0.001Q^2
Where C is the total cost.

Answer the following:

1. Create a table or spreadsheet for Gizmo products output (Q), price (P), total revenue (TR), marginal revenue (MR), total cost (C), and marginal cost (MC). Assuming Gizmo only produces the product in batches of 1,000, establish a range from Q equal 0 to 10,000 in increments of 1,000 (i.e., 0, 1000, 2000, …., 10,000).
2. At some output levels (e.g., 10,000 units) total revenue actually decreases as more units are sole. Please explain how and why this occurs.
3. Suppose the company initially decides on charging a price of $50 for the product, although they have done no economic analysis as a foundation for this decision. Calculate the price of elasticity if the firm were to drop the price from $45 to $50. Is it elastic or inelastic? And what does your calculation say will happen to total revenue if the undertake the price decrease? Explain your answer.
4. After doing some economic analysis, the firm instead decides to follow a strategy of maximizing profits. What is the profit maximizing output and how did you determine it? What price should the firm charge for the product?
5. Suppose instead of Gizmo products decides to minimize cost per unit produced. At what price should the product be set and what quantity would Gizmo expect to sell? Explain how you got your answer.
6. A third strategy for the firm to undertake would be to maximize market share. As this is the most technologically advanced product of its type, Gizmo would like to control as much of the market virus and malware protection as possible. What would be the market share output and price? Why is maximizing market share not equal to profit maximization? Explain.
7. Suppose the government artificially sets the price (via regulation) at $20 and regulates that the price cannot go higher. At this price is the company willing to manufacture and sell the product? Explain why or why not.

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As a manager employed by Right-Now Rapid Delivery Service

As a manager employed by Right-Now Rapid Delivery Service, you are responsible for pricing the services involving same-day deliveries. You are primarily concerned with the competitive aspects of your business. You have proposed contractual language that states:

“any package picked up after 10:00 a.m. will be considered as if it is picked up the next business day. Any package delivered before 10:00 p.m. on the day of pick up will be considered to have arrived on that business day. Under the language, a package received at 11:00 a.m. on Tuesday and delivered by 10:00 p.m. on Wednesday is considered, by you, to involve a “same-day delivery.”

The impact of this language is that a business day lasts for as long as 36 hours; thereby giving a customer the wrong impression of the phrase “same-day delivery.” The Federal Trade Commission (FTC), under its authority to protect the public from unfair or deceptive trade practices, has contacted your company asking questions about the plain meaning of “same-day delivery.”

In anticipation of a face-to-face meeting with an FTC investigator, you strive to answer these questions:

(1) To what degree does the FTC have authority to question your business practices?

(2) Are your clearly stated contractual provisions unfair or deceptive?

(3) Should you cooperate with this investigator or seek a court order enjoining this investigation?

(4) How do you challenge the FTC’s action if a formal complaint is filed against your company?

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You are a Network Engineer for an IT consulting company

You are a Network Engineer for an IT consulting company. Your supervisor has tasked you with designing a network for your company’s newest client. The client business details are as follows:

50 employees – half Sales office and half Business office users
2 subnets – separate LANs within the office, 30 hosts per subnet (25 employees, 1 printer and 2 servers, and 2 more available addresses)
2 network printers – 1 per subnet
1 connection to the WAN/Internet
1 core router with 2 Ethernet interfaces (1 for each existing subnet) and 1 Serial for WAN
Each subnet using 1 switch for all hosts
Plan for growth for up to 6 subnets, which do not need to be in the diagram

Develop a subnet scheme using the following information:

You have been assigned an IP address and subnet mask: /24. Plan to support two subnets and allow for growth to as many as 6 subnets in the future.
Subnet 1 will be used to provide a range of IP addresses for the Sales office users connected to a switch. The switch will connect to an Ethernet interface on the core router.
Subnet 2 will be used to provide a range of IP addresses connected to the other Ethernet interface of the core router with a switch for the Business office users. The router IP addresses on the Ethernet ports for both networks will be the last useable IP address from the respective network. The Sales and Business office each will have one printer per network. It will be assigned the first useable IP address for the respective networks.

Step 1:

Create a 1-page logical network diagram using Microsoft® Visio® showing the components and devices needed to build a simple office network based on the subnet scheme you developed.

Step 2:

Write a 1- to 2-page executive summary using Microsoft® Word describing how to determine the number of host and subnets needed for this task and how to determine the custom subnet mask. Includeas part of the paper:

A table identifying for each subnet the subnet address, subnet mask in dotted decimal, highest useable address, lowest useable address, and broadcast address
The IP address, subnet mask, and gateway address for the printer in the Sales office and the printer in the Business office
Detail the addressing scheme of the logical network diagram you created in Step 1 for the router, switches, servers, and printer interfaces along with the network addresses for the two existing subnets. Make sure to copy and paste the Visio® diagram into this Word document. Do not submit Microsoft® Visio® files.
Recommended connectivity protocols to the WAN and for future expansion using 2 additional routers within the organization

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The vendor that you hired is not performing. Identify the risk response

Within the Discussion Board area, write 350-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions with your classmates. Be substantive and clear, and use examples to reinforce your ideas.

The discussion assignment for this week will be to determine what may be the best risk response for some given situations.

The following Discussion Board research will assist you in determining the correct responses. Research at least 2 sources (which may include your textbook) to support your response.

The vendor that you hired is not performing. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.
The equipment that you ordered for this project is now a month late. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.
The location where the project is being developed has hurricanes that come through the area a few times a year. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.
The task effort that was initially estimated is actually going to take three times as long because there is a learning curve involved. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.

Write 2 more paragraphs that are an introduction and conclusion to this topic. Be sure to include your references, and format your submission in APA format.

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FIN 534 Week 10 Homework Set 5 Chapter 12

FIN 534 Week 10 Homework Set #5: Chapter 12

Directions: Answer the following questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link above.

In your own words, complete the Mini-Case on Page 562 of your textbook.

Suppose you decide (as did Steve Jobs and Mark Zuckerberg) to start a company. Your product is a software platform that integrates a wide range of media devices, including laptop computers, desktop computers, digital video recorders, and cell phones. Your initial market is the student body at your university. Once you have established your company and set up procedures for operating it, you plan to expand to other colleges in the area and eventually to go nationwide. At some point, hopefully sooner rather than later, you plan to go public with an IPO and then to buy a yacht and take off for the South Pacific to indulge in your passion for underwater photography. With these issues in mind, you need to answer for yourself, and potential investors, the following questions.

a. What is an agency relationship? When you first begin operations, assuming you are the only employee and only your money is invested in the business, would any agency conflicts exist? Explain your answer
b. If you expanded and hired additional people to help you, might that give rise to agency problems?
c. Suppose you need additional capital to expand and you sell some stock to outside investors. If you maintain enough stock to control the company, what type of agency conflict might occur?
d. Suppose your company raises funds from outside lenders. What type of agency costs might occur? How might lenders mitigate the agency costs?
e. Suppose your company is very successful and you cash out most of your stock and turn the company over to an elected board of directors. Neither you nor any other stockholders own a controlling interest (this is the situation at most public companies). List six potential managerial behaviors that can harm a firm’s value.
f. What is corporate governance? List five corporate governance provisions that are internal to a firm and are under its control.
g. What characteristics of the board of directors usually lead to effective corporate governance?
h. List three provisions in the corporate charter that affect takeovers.
i. Briefly describe the use of stock options in a compensation plan. What are some potential problems with stock options as a form of compensation?
j. What is block ownership? How does it affect corporate governance?
k. Briefly explain how regulatory agencies and legal systems affect corporate governance.

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As an employee of the World Bank, you have been asked to research

As an employee of the World Bank, you have been asked to research 1 economic concern in an African country and write a report on your findings.

Select an African country to research.
Select 1 of the following economic concerns to research:Quantities of specific goods and services
Gross Domestic Product (GDP)
Research data sets for the one economic concern within the African country that you have chosen.

In a 3-4-page report, answer the following questions:What are 2-3 relationships between the economic concern you selected and that specific country’s economy?
  What trends do you see in the data sets?
Support your assertions of the trends with statistical evidence.
Cite all of your sources correctly and include a reference list, both in APA style.

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On 1st July 2004 Super Limited acquired a hundred percent

On 1st July 2004 Super Limited acquired a hundred percent of the share capital of Minor Limited for a purchase consideration of $3,500,000. On the day of acquisition the shareholder equity of Minor Limited consists of:

Contributed Capital:  $1,900,000

Retained Earnings:     $800,000

Revaluation reserve    $740,000

All assets of Minor Limited were fairly stated at acquisition date.

During the financial year ended 30th June 2008, Minor Limited sold inventory to Super Limited at a selling price of $150,000. Minor Limited had always sold goods to Super Limited at a gross profit of 10% on cost. The inventory of Super Limited as at 30th June 2008 consists of items amounting to $121,000 that was purchased from Minor Limited. Of the inventory Super Limited had on hand at 1st July 2007, $33,000 was purchased from Minor Limited. Goodwill associated with the acquisition of Minor Limited has impaired by $15,000 for the year ended 30th June 2008. For previous years impairment of goodwill was $35,000.

Super Limited remained the sole owner of Minor Limited as at 30th June 2008. Interim dividends paid by Minor Limited for year ended 30th June 2008 amounted to $50,000. On 30th June 2008 the directors of Minor Limited declared a final dividend of $60,000. The final dividend has been accounted for in the books of Super Limited and Minor Limited. Assume tax rate of 30 per cent.


Prepare notional journal entries (with narrations) that are necessary to consolidate the accounts of Super Limited and its wholly owned subsidiary Minor Limited for the year ended 30th June 2008.

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