Chpt 8 Homework
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Chpt 8 Homework

Course Number: BUS 101, Spring 2012

College/University: Columbus State University

Word Count: 3683

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PROBLEM 1. A local university administers a comprehensive examination to the candidates for B.S. degrees in Business Administration. Five examinations are selected at random and scored. The scores are shown below. Grades 94 72 93 54 77 Develop a 98% confidence interval estimate for the mean of the population. Assume the population is normally distributed. ANS: 50.29 to 105.71 PTS: 1 TOP: Interval Estimation 2. A...

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A PROBLEM 1. local university administers a comprehensive examination to the candidates for B.S. degrees in Business Administration. Five examinations are selected at random and scored. The scores are shown below. Grades 94 72 93 54 77 Develop a 98% confidence interval estimate for the mean of the population. Assume the population is normally distributed. ANS: 50.29 to 105.71 PTS: 1 TOP: Interval Estimation 2. A random sample of 87 airline pilots had an average yearly income of $99,400 with a standard deviation of $12,000. a. b. If we want to determine a 95% confidence interval for the average yearly income, what is the value of t? Develop a 95% confidence interval for the average yearly income of all pilots. Register to View Answer1.988 b. $96,842.37 to $101,957.60 PTS: 1 TOP: Interval Estimation 3. A random sample of 81 credit sales in a department store showed an average sale of $68.00. From past data, it is known that the standard deviation of the population is $27.00. a. b. c. Determine the standard error of the mean. With a 0.95 probability, what can be said about the size of the margin of error? What is the 95% confidence interval of the population mean? Register to View Answer3.0 b. 5.88 c. $62.12 to $73.88 PTS: 1 TOP: Interval Estimation 4. You are given the following information obtained from a sample of 5 observations taken from a population that has a normal distribution. 94 72 93 54 77 Develop a 98% confidence interval estimate for the mean of the population. ANS: 50.29 to 105.71 PTS: 1 TOP: Interval Estimation 5. Many people who bought X-Game gaming systems over the holidays have complained that the systems they purchased were defective. In a sample of 1200 units sold, 18 units were defective. a. b. Determine a 95% confidence interval for the percentage of defective systems. If 1.5 million X-Games were sold over the holidays, determine an interval for the number of defectives in sales. Register to View Answer0.00812 to 0.02188 (rounded) b. 12,184 to 32,816 PTS: 1 TOP: Interval Estimation 6. Choo Choo Paper Company produces papers of various thickness. A random sample of 256 cuts had a mean thickness of 30.3 mils with a standard deviation of 4 mils. Develop a 95% confidence interval for the mean thickness of the population. ANS: 29.81 to 30.79 PTS: 1 TOP: Interval Estimation 7. The average monthly electric bill of a random sample of 256 residents of a city is $90 with a standard deviation of $24. a. b. Construct a 90% confidence interval for the mean monthly electric bills of all residents. Construct a 95% confidence interval for the mean monthly electric bills of all residents. Register to View Answer87.5325 to 92.4675 b. 87.06 to 92.94 PTS: 1 TOP: Interval Estimation 8. In a random sample of 400 registered voters, 120 indicated they plan to vote for Candidate A. Determine a 95% confidence interval for the proportion of all the registered voters who will vote for Candidate A. ANS: 0.255 to 0.345 PTS: 1 TOP: Interval Estimation 9. Two hundred students are enrolled in an Economics class. After the first examination, a random sample of 6 papers was selected. The grades were 65, 75, 89, 71, 70 and 80. a. b. c. Determine the standard error of the mean. What assumption must be made before we can determine an interval for the mean grade of all the students in the class? Explain why. Assume the assumption of Part b is met. Provide a 95% confidence interval for the mean grade of all the students in the class. Register to View Answer3.474 b. Since is estimated from s, we must assume the distribution of all the grades is normal. c. 66.07 to 83.93 PTS: 1 TOP: Interval Estimation 10. A statistician selected a sample of 16 accounts receivable and determined the mean of the sample to be $5,000 with a standard deviation of $400. He reported that the sample information indicated the mean of the population ranges from $4,739.80 to $5,260.20. He neglected to report what confidence coefficient he had used. Based on the above information, determine the confidence coefficient that was used. Assume the population has a normal distribution. ANS: 0.98 PTS: 1 TOP: Interval Estimation 11. A researcher is interested in determining the average number of years employees of a company stay with the company. If past information shows a standard deviation of 7 months, what size sample should be taken so that at 95% confidence the margin of error will be 2 months or less? ANS: 48 PTS: 1 TOP: Interval Estimation 12. A sample of 144 cans of coffee showed an average weight of 16 ounces. The standard deviation of the population is known to be 1.4 ounces. a. b. c. Construct a 68.26% confidence interval for the mean of the population. Construct a 97% confidence interval for the mean of the population. Discuss why the answers in Parts a and b are different. Register to View Answer31.88 to 32.12 b. 31.75 to 32.25 c. As the level of confidence increases, the confidence interval becomes wider. PTS: 1 TOP: Interval Estimation 13. You are given the following information obtained from a random sample of 5 observations taken from a large population. 32 34 32 30 32 Construct a 95% confidence interval for the mean of the population, assuming the population has a normal distribution. ANS: 30.24 to 33.76 PTS: 1 TOP: Interval Estimation 14. In a sample of 200 individuals, 120 indicated they are Democrats. Develop a 95% confidence interval for the proportion of people in the population who are Democrats. ANS: .5321 to .6679 PTS: 1 TOP: Interval Estimation 15. A random sample of 121 checking accounts at a bank showed an average daily balance of $300 and a standard deviation of $44. Develop a 95% confidence interval estimate for the mean of the population. ANS: $292.16 to $307.84 PTS: 1 TOP: Interval Estimation 16. A sample of 60 students from a large university is taken. The average age in the sample was 22 years with a standard deviation of 6 years. Construct a 95% confidence interval for the average age of the population. ANS: 20.45 to 23.55 PTS: 1 TOP: Interval Estimation 17. A random sample of 121 checking accounts at a bank showed an average daily balance of $280. The standard deviation of the population is known to be $66. a. b. c. d. e. Is it necessary to know anything about the shape of the distribution of the account balances in order to make an interval estimate of the mean of all the account balances? Explain. Find the standard error of the mean. Give a point estimate of the population mean. Construct a 80% confidence interval estimates for the mean. Construct a 95% confidence interval for the mean. Register to View AnswerNo, the sample is large and the standard deviation of the population is known. b. 6 c. 280 d. 272.31 to 287.69 e. 268.24 to 291.76 PTS: 1 TOP: Interval Estimation 18. A random sample of 49 lunch customers was taken at a restaurant. The average amount of time the customers in the sample stayed in the restaurant was 45 minutes with a standard deviation of 14 minutes. a. b. c. d. Compute the standard error of the mean. With a .99 probability, what statement can be made about the size of the margin of error? Construct a 99% confidence interval for the true average amount of time customers spent in the restaurant. With a .99 probability, how large of a sample would have to be taken to provide a margin of error of 2.5 minutes or less? Register to View Answer2 b. There is a .99 probability that the sample mean will provide a margin of error of 7.193 or less. c. 39.636 to 50.364 d. 226 PTS: 1 TOP: Interval Estimation 19. A random sample of 81 students at a local university showed that they work an average of 60 hours per month with a standard deviation of 18 hours. Compute a 95% confidence interval for the mean of the population. ANS: 56.02 to 63.98 PTS: 1 TOP: Interval Estimation 20. The monthly incomes from a random sample of workers in a factory are shown below. Monthly Income (In $1,000) 4.0 5.0 7.0 4.0 6.0 6.0 7.0 9.0 a. b. c. Compute the standard error of the mean (in dollars). Compute the margin of error (in dollars) at 95% confidence. Compute a 95% confidence interval for the mean of the population. Assume the population has a normal distribution. Give your answer in dollars. Register to View Answer$597.61 b. $1,413.10 c. $4,586.90 to $7,413.10 PTS: 1 TOP: Interval Estimation 21. It is known that the variance of a population equals 1296. A random sample of 144 observations is going to be taken from the population. a. b. With a 0.95 probability, what statement can be made about the size of the margin of error? With a 0.95 probability, how large of a sample would have to be taken to provide a margin of error of 6 or less? Register to View AnswerThere is a .95 probability that the sample mean will provide a sampling error of 5.88 or less. b. 139 PTS: 1 TOP: Interval Estimation 22. The makers of a soft drink want to identify the average age of its consumers. A sample of 55 consumers was taken. The average age in the sample was 21 years with a standard deviation of 4 years. a. b. c. Construct a 95% confidence interval for the true average age of the consumers. Construct an 80% confidence interval for the true average age of the consumers. Discuss why the 95% and 80% confidence intervals are different. Register to View Answer19.92 to 22.08 b. 20.30 to 21.70 c. As the level of confidence decreases, the confidence interval gets narrower. PTS: 1 TOP: Interval Estimation 23. A random sample of 53 observations was taken. The average in the sample was 90 with a variance of 400. a. b. c. d. Construct a 98% confidence interval for . Construct a 99% confidence interval for . Discuss why the 98% and 99% confidence intervals are different. What would you expect to happen to the confidence interval in Part a if the sample size was increased? Be sure to explain your answer. Register to View Answer83.41 to 96.59 b. 82.65 to 97.35 c. As the level of confidence increases, the confidence interval gets wider. d. Decrease since the sampling error decreased. PTS: 1 TOP: Interval Estimation 24. You are given the following information obtained from a random sample of 6 observations. Assume the population has a normal distribution. 13 a. b. c. d. 14 17 14 17 15 What is the point estimate of ? Construct an 80% confidence interval for . Construct a 98% confidence interval for . Discuss why the 80% and 98% confidence intervals are different. Register to View Answer15 b. 14.00 to 16.00 (rounded) c. 12.70 to 17.30 d. As the level of confidence increases, the confidence interval gets wider. PTS: 1 TOP: Interval Estimation 25. Below you are given ages that were obtained by taking a random sample of 9 undergraduate students. Assume the population has a normal distribution. 19 a. b. c. d. 22 23 19 21 22 19 23 21 What is the point estimate of ? Construct a 99% confidence interval for the average age of undergraduate students. Construct a 98% confidence interval for the average age of undergraduate students. Discuss why the 98% and 99% confidence intervals are different. Register to View Answer21 b. 19.146 to 22.854 c. 19.4 to 22.6 (rounded) d. As the level of confidence increases, the confidence interval gets wider. PTS: 1 TOP: Interval Estimation 26. A university planner is interested in determining the percentage of spring semester students who will attend summer school. She takes a pilot sample of 160 spring semester students discovering that 56 will return to summer school. a. b. Construct a 95% confidence interval estimate for the percentage of spring semester students who will return to summer school. Using the results of the pilot study with a 0.95 probability, how large of a sample would have to be taken to provide a margin of error of 3% or less? Register to View Answer0.276 to 0.424 b. 972 PTS: 1 TOP: Interval Estimation 27. A new brand of chocolate bar is being market tested. Four hundred of the new chocolate bars were given to consumers to try. The consumers were asked whether they liked or disliked the chocolate bar. You are given their responses below. Response Liked Disliked a. b. Frequency 300 100 400 What is the point estimate for the proportion of people who liked the chocolate bar? Construct a 95% confidence interval for the true proportion of people who liked the chocolate c. bar. With a .95 probability, how large of a sample needs to be taken to provide a margin of error of 3% or less? Register to View Answer0.75 b. 0.71 to 0.79 c. 801 PTS: 1 TOP: Interval Estimation 28. local A university administers a comprehensive examination to the recipients of a B.S. degree in Business Administration. A sample of 5 examinations is selected at random and scored. The scores are shown below. Grade 54 68 75 80 98 At 98% confidence, determine an interval for the mean of the population. ANS: 48.69 to 101.31 PTS: 1 TOP: Interval Estimation 29. If the population standard deviation of the lifetime of washing machines is estimated to be 900 hours, how large a sample must be taken in order to be 97% confident that the margin of error will not exceed 100 hours? ANS: 382 PTS: 1 TOP: Interval Estimation 30. The manager of a department store wants to determine what proportion of people who enter the store use the store's credit cards for their purchases. What size sample should he take so that at 95% confidence the error will not be more than 6%? ANS: 267 PTS: 1 TOP: Interval Estimation 31. In order to estimate the average electric usage per month, a sample of 196 houses was selected, and their electric usage determined. a. b. Assume a population standard deviation of 350-kilowatt hours. Determine the standard error of the mean. With a 0.95 probability, determine the margin of error. c. If the sample mean is 2,000 KWH, what is the 95% confidence interval estimate of the population mean? Register to View Answer25 b. 49 c. 1951 to 2049 PTS: 1 TOP: Interval Estimation 32. A random sample of 100 credit sales in a department store showed an average sale of $120.00. From past data, it is known that the standard deviation of the population is $40.00. a. b. c. Determine the standard error of the mean. With a 0.95 probability, determine the margin of error. What is the 95% confidence interval of the population mean? Register to View Answer4 b. 7.84 c. 112.16 to 127.84 PTS: 1 TOP: Interval Estimation 33. In order to determine the average weight of carry-on luggage by passengers in airplanes, a sample of 16 pieces of carry-on luggage was weighed. The average weight was 20 pounds. Assume that we know the standard deviation of the population to be 8 pounds. a. b. Determine a 97% confidence interval estimate for the mean weight of the carry-on luggage. Determine a 95% confidence interval estimate for the mean weight of the carry-on luggage. Register to View Answer15.66 to 24.34 b. 16.08 to 23.92 PTS: 1 TOP: Interval Estimation 34. A small stock brokerage firm wants to determine the average daily sales (in dollars) of stocks to their clients. A sample of the sales for 36 days revealed average daily sales of $200,000. Assume that the standard deviation of the population is known to be $18,000. a. b. Provide a 95% confidence interval estimate for the average daily sale. Provide a 97% confidence interval estimate for the average daily sale. Register to View Answer194,120 to 205,880 b. 193,490 to 206,510 PTS: 1 TOP: Interval Estimation 35. A random sample of 81 children with working mothers showed that they were absent from school an average of 6 days per term with a standard deviation of 1.8 days. Provide a 95% confidence interval for the average number of days absent per term for all the children. ANS: 5.602 to 6.398 PTS: 1 TOP: Interval Estimation 36. The Highway Safety Department wants to study the driving habits of individuals. A sample of 121 cars traveling on the highway revealed an average speed of 60 miles per hour with a standard deviation of 11 miles per hour. Determine a 95% confidence interval estimate for the speed of all cars. ANS: 58.04 to 61.96 PTS: 1 TOP: Interval Estimation 37. In order to determine how many hours per week freshmen college students watch television, a random sample of 256 students was selected. It was determined that the students in the sample spent an average of 14 hours with a standard deviation of 3.2 hours watching TV per week. a. b. Provide a 95% confidence interval estimate for the average number of hours that all college freshmen spend watching TV per week. Assume that a sample of 62 students was selected (with the same mean and the standard deviation). Provide a 95% confidence interval estimate for the average number of hours that all college freshmen spend watching TV per week. Register to View Answer13.608 to 14.392 b. 13.19 to 14.81 PTS: 1 TOP: Interval Estimation 38. Computer Services, Inc. wants to determine a confidence interval for the average CPU time of their teleprocessing transactions. A sample of 64 transactions yielded a mean of 6 seconds with a standard deviation of 0.8 seconds. Determine a 98% confidence interval for the average CPU time. ANS: 5.761 to 6.239 PTS: 1 TOP: Interval Estimation 39. The proprietor of a boutique in New York wanted to determine the average age of his customers. A random sample of 53 customers revealed an average age of 28 years with a standard deviation of 4 years. Determine a 98% confidence interval estimate for the average age of all his customers. ANS: 26.68 to 29.32 PTS: 1 TOP: Interval Estimation 40. A sample of 36 patients in a doctor's office showed that they had to wait an average of 45 minutes with a standard deviation of 10 minutes before they could see the doctor. Provide a 90% confidence interval estimate for the average waiting time of all the patients who visit this doctor. ANS: 42.18 to 47.82 PTS: 1 TOP: Interval Estimation 41. The monthly starting salaries of students who receive an MBA degree have a population standard deviation of $110. What size sample should be selected to obtain a 0.95 probability of estimating the mean monthly income within $20 or less? ANS: 117 PTS: 1 TOP: Interval Estimation 42. A coal company wants to determine a 95% confidence interval estimate for the average daily tonnage of coal that they mine. Assuming that the company reports that the standard deviation of daily output is 200 tons, how many days should they sample so that the margin of error will be 39.2 tons or less? ANS: 100 PTS: 1 TOP: Interval Estimation 43. If the standard deviation of the lifetime of a vacuum cleaner is estimated to be 300 hours, how large of a sample must be taken in order to be 97% confident that the margin of error will not exceed 40 hours? ANS: 265 PTS: 1 TOP: Interval Estimation 44. A local health center noted that in a sample of 400 patients 80 were referred to them by the local hospital. a. b. Provide a 95% confidence interval for all the patients who are referred to the health center by the hospital. What size sample would be required to estimate the proportion of hospital referrals with a margin of error of 0.04 or less at 95% confidence? Register to View Answer0.1608 to 0.2392 b. 385 PTS: 1 TOP: Interval Estimation 45. In a random sample of 400 residents of Chattanooga, 320 residents indicated that they voted for the Democratic candidate in the last presidential election. Develop a 95% confidence interval estimate for the proportion of all Chattanooga residents who voted for the Democratic candidate. ANS: 0.7608 to 0.8392 PTS: 1 TOP: Interval Estimation 46. The manager of a grocery store wants to determine what proportion of people who enter his store are his regular customers. What size sample should he take so that at 97% confidence the margin of error will not be more than 0.1? ANS: 118 PTS: 1 TOP: Interval Estimation 47. The average score of a sample of 87 senior business majors at UTC who took the Graduate Management Admission Test was 510 with a standard deviation of 36. Provide a 98% confidence interval for the mean of the population. ANS: 500.85 to 519.15 PTS: 1 TOP: Interval Estimation 48. In a poll of 600 voters in a campaign to eliminate non-returnable beverage containers, 210 of the voters were opposed. Develop a 92% confidence interval estimate for the proportion of all the voters who opposed the container control bill. ANS: 0.316 to 0.384 PTS: 1 TOP: Interval Estimation 49. A quality control technician is checking the weights of a product. She takes a random sample of 8 units and weighs each unit. The observed weights are shown below. Assume the population has a normal distribution. Weight 50 48 55 52 53 46 54 50 Provide a 95% confidence interval for the mean weight of the units. ANS: 48.43 to 53.57 PTS: 1 TOP: Interval Estimation 50. A statistician employed by a consumer testing organization reports that at 95% confidence he has determined that the true average content of the Uncola soft drinks is between 11.7 to 12.3 ounces. He further reports that his sample revealed an average content of 12 ounces, but he forgot to report the size of the sample he had selected. Assuming the standard deviation of the population is 1.28, determine the size of the sample. ANS: 70 PTS: 1 TOP: Interval Estimation 51. A simple random sample of 144 items resulted in a sample mean of 1257.85 and a standard deviation of 480. Develop a 95% confidence interval for the population mean. ANS: 1179.45 to 1336.25 PTS: 1 TOP: Interval Estimation 52. A simple random sample of 36 items resulted in a sample mean of 40 and a standard deviation of 12. Construct a 95% confidence interval for the population mean. ANS: 35.94 to 44.06 PTS: 1 TOP: Interval Estimation 53. Six hundred consumers were asked whether they would like to purchase a domestic or a foreign automobile. Their responses are given below. Preference Domestic Foreign Frequency 240 360 Develop a 95% confidence interval for the proportion of all consumers who prefer to purchase domestic automobiles. ANS: 0.3608 to 0.4392 PTS: 1 TOP: Interval Estimation 54. An Excel printout of the descriptive measures of daily checking account balances (in dollars) of customers of First Daisy Bank is shown below. Develop a 95% confidence interval estimate for the mean of the population of the checking balances. Account Balance Information Mean Median Mode Standard Deviation Sample Variance Kurtosis Skewness Range Minimum Maximum Sum 4828.29 5115.25 4976.50 1143.57 1307763.49 8.63 -3.06 4968.50 600.00 5568.50 173818.50 Count 36.00 ANS: 4441.382 to 5215.198 PTS: 1 TOP: Interval Estimation 55. Information regarding the price of a roll of camera film (35 mm, 24 exposure) for a sample of 12 cities worldwide is shown below. Determine a 95% confidence interval for the population mean. Price of Film Information Mean Standard Error Median Standard Deviation Sample Variance Kurtosis Skewness Range Minimum Maximum Sum Count 5.3667 0.7409 4.8700 2.5666 6.5873 4.0201 1.8041 9.4100 2.7300 12.1400 64.4000 12.0000 ANS: 3.736 to 6.997 PTS: 1 TOP: Interval Estimation 56. In order to determine the average weight of carry-on luggage by passengers in airplanes, a sample of 25 pieces of carry-on luggage was collected and weighed. The average weight was 18 pounds. Assume that we know the standard deviation of the population to be 7.5 pounds. a. b. Determine a 97% confidence interval estimate for the mean weight of the carry-on luggage. Determine a 95% confidence interval estimate for the mean weight of the carry-on luggage. Register to View Answer14.745 to 21.255 b. 15.06 to 20.94 PTS: 1 TOP: Interval Estimation 57. A local electronics firm wants to determine their average daily sales (in dollars.) A sample of the sales for 36 days revealed average sales of $139,000. Assume that the standard deviation of the population is known to be $12,000. a. b. Provide a 95% confidence interval estimate for the average daily sales. Provide a 97% confidence interval estimate for the average daily sales. Register to View Answer$135,080 to $142,920 b. $134,660 to $143,340 PTS: 1 TOP: Interval Estimation 58. The Highway Safety Department wants to study the driving habits of individuals. A sample of 81 cars traveling on the highway revealed an average speed of 67 miles per hour with a standard deviation of 9 miles per hour. a. b. Compute the standard error of the mean. Determine a 99% confidence interval estimate for the speed of all cars. Register to View Answerb. =1 64.36 to 69.64 PTS: 1 TOP: Interval Estimation 59. In order to determine the summer unemployment rate among college students, a pilot sample was taken; and it was determined that ten percent of the individuals in the sample were unemployed. Using the results of the pilot study and a 95% confidence, what size sample would be required to estimate the proportion of unemployed college students if we want the margin of error not to exceed 3 percent? ANS: 385 PTS: 1 TOP: Interval Estimation

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JeanPhillips&StanleyGullyCopyright 2012 Pearson Education, Inc. publishing as Prentice Hall10-1Afterstudyingthischapter,youshouldbeableto:Identifythegoalsofinternalassessment.Discusshowinternalassessmentcanenhanceafirmsstrategiccapabilities.Describ
Columbus State University - BUS - 101
JeanPhillips&StanleyGullyCopyright 2012 Pearson Education, Inc. publishing as Prentice Hall11-1Afterstudyingthischapter,youshouldbeableto:Describedifferentwaysofcombiningcandidatesscoresondifferentassessmentmethodstocalculateanoverallscore.Describe
Columbus State University - BUS - 101
JeanPhillips&StanleyGullyCopyright 2012 Pearson Education, Inc. publishing as Prentice Hall12-1Afterstudyingthischapteryoushouldbeableto:Discusswaystomakesocializationmoreeffective.Describethesixdifferenttypesofturnover.Discussemployeeretentionstrat
Columbus State University - BUS - 101
JeanPhillips&StanleyGullyCopyright 2012 Pearson Education, Inc. publishing as Prentice Hall13-1Afterstudyingthischapter,youshouldbeableto:Describetheeffectsstaffingactivitieshaveonapplicants,newhires,andorganizations.Explainthedifferenttypesofstaffi
Columbus State University - BUS - 101
JeanPhillips&StanleyGullyCopyright 2012 Pearson Education, Inc. publishing as Prentice Hall5-1Theavailabilityofthetalentneededtoexecuteadesiredbusinessstrategywillinfluencewhetherthatstrategyisultimatelysuccessful.Workforceplanning:theprocessofpredi
Columbus State University - BUS - 101
Time Value of Money AnnuitiesIn finance cash flows may come in lump sums or in series of cash flows overtime. This is the same as receiving a series of lump sums over a period of time over thesame time period. In other words the value of receiving a se
Columbus State University - BUS - 101
Time Value of MoneyThe basic building block of FINC 3105 and managerial finance in general is timevalue of money. How much is a dollar paid to you today worth one year from today? Orhow much would you pay today for a dollar to be paid to you one year f
Columbus State University - BUS - 101
Time Value of Money Problems1. $8899.962. Two years $3,125.00Five years $6,103.513. $97,955.75 present value4. $75,582.72 future value5. Assuming 4% per annum interest rate $8,219.276. $14,859.00 Remember you have to divide the annual rate by 4 and
Columbus State University - BUS - 101
TimeValueofMoneyProblemsFINC31051.Youwanttoaccumulate$10,000intwoyearsand.Thecurrentrateofinterestis6%perannumcompoundedannually.Howmuchwouldyouhavetoinvesttoday?2.YouruncleLouishascometoyouwithaninvestmentinapeanutfuturesscheme.Youcanearn25%perannum
Columbus State University - BUS - 101
Time Value of Money Solutions to second set 20101. $502.402. $13,225.99 for 48 months, $15,525.21 60 months, and $10,966.64 36 months3. Principal and Interest $728.91, insurance $50 and $58.33 in property taxes for a totalof $837.24 in payments for th
Columbus State University - BUS - 101
Value of bondsTo find the value or price of a bond all the cash flows coming to the holder arediscounted at the market rate of interest. If the market rate today is 8% and you want tovalue a $1000 par bond with a coupon rate of 5% and a maturity of 2 y
Columbus State University - BUS - 101
Problem 1.Xenophobe Corp. developed a new system for controlling the borders to the country andcan now invest in deploying and operating the system. It can earn $3 Billion in incomebefore depreciation and taxes for each of the next seven years. The inv
Columbus State University - BUS - 101
FINC 3105Problems Capital Budgeting1 Diogenes Corporation has the opportunity to produce and market new polygraphs. Itwill take an investment of 10,000,000 drachma for the machinery, 120,000 drachma fortraining, and 400,000 in working capital split ev
Columbus State University - BUS - 101
Weighted Average Cost of Capital, Net Present Value and Internal Rate of ReturnWeighted Average Cost of Capital is the average cost of all sources of capital for thecorporation. The average cost is often the hurdle rate in investment. It is the minimum
Columbus State University - BUS - 101
Yield to Maturity of BondsThe yield to maturity is the internal rate of return of the bond. In computing theyield to maturity find the interest rate that makes the price paid for the bond equal to thecash flows given by the bond. So, if the bond can be
Academy of Design Chicago - BIOC - 321
PORTAFOLIO DE EVIDENCIAS DEL APRENDIZAJE EN LA UTSEMEL PORTAFOLIO DE EVIDENCIAS DE COMPETENCIALa evaluacin del aprendizaje es uno de los factores que ms influye en el inters delos estudiantes por aprender y por el propio proceso de aprendizaje. constit
Universiti Teknologi Malaysia - EUM - 114
EUM114/3_SemII (2011/2012)The intention of this assignment is to assess your understanding on Linear AlgebraYour assignment must be handwrittenPlease submit the hard copy of the assignment ON or BEFORE 30 March 2012 , 5.00 pm to yourrespective lecture
Everest University - BUL - 2131-3
Gerard, an events promoter and coordinator, promises to stage a concert for the benefit of KidsCare, a charitable organization dedicated to helping disadvantaged youth. In reliance on theanticipated receipts, Kids Care contracts for the construction of
Everest University - BUL - 2131-3
Jud Wheeler signed a contract to purchase 10 acres of land in Idaho from the Krauses.If Jud offered the Krauses considerably less for their property than its possible market value andthe Krauses accepted the offer, could they avoid the contract on later
Everest University - BUL - 2131-3
Consider this week's learning activities on negotiable instruments and read the followingscenario. Then, complete Individual Works #1 and #2 as directed below.You are interested in buying a new car and Bob lets you borrow one of the new cars on his lot
Everest University - BUL - 2131-3
Now suppose that you go to your bank and write a check on your account payable to cashfor $500. The teller gives you the cash without asking you to indorse the check. After you leave,the teller slips the check into his pocket. Later, the teller delivers
Everest University - BUL - 2131-3
You run a successful paper mill and send out your three best personnel to secure newwood pulp sources using due diligence and skill. Applying the agency principles outlined in thischapter, answer the following questions.Delilah, does not return with wo
Everest University - BUL - 2131-3
Another employee of your paper mill, Hotspur, steals a shipment of wood pulp for yourcompany to impress you with initiative to secure new resources for free. Unfortunately, he runsdown a pedestrian crossing properly in the crosswalk on his way back to y
Everest University - BUL - 2131-3
You are an employee at a nice paper mill and want to impress the boss by burning themidnight oil (but not too close to the wood pulp). For four consecutive weeks, you work fortyfive, forty-two, thirty-nine, and thirty-one hours.If you are a nonexempt em
Everest University - BUL - 2131-3
Sam works as a driver for Toxic Games Warehouse, a wholesale distributor and onlineretailer of video games and accessories. Over a ten-year period, Sam repeatedly applies for and isdenied a promotion to the position of dispatcher. Sam meets the requirem
Everest University - BUL - 2131-3
Is it easier to start a business in virtual space than in real space? Is it less (or more)expensive? What are the applicable laws? Perhaps most important from a business person'sperspective, is it possible to turn a profit? How? Are there different cons
Everest University - BUL - 2131-3
Northwest Brands, Inc., is a small business incorporated in Minnesota. It's one class ofstock is owned by twelve members of a single family. Ordinarily, corporate income is taxed atthe corporate and shareholder levels. Is there a way for Northwest Brand
Everest University - BUL - 2131-3
Yes, the directors are liable for the resulting drop in its stock price. Directors andofficers are deemed fiduciaries of the corporation. A fiduciary is a person with a duty to actprimarily for anothers benefit. A fiduciary relationship involves trust a
Everest University - BUL - 2131-3
You are the chief executive officer of Money Games Inc.(MGI), which has begun tomarket Borrow & Spend, a video game set in the world of finance. To buy ads, MGI borrows$50,000 from First Savings Bank. On MGI's behalf, you sign a note for the loan and of
Everest University - BUL - 2131-3
Agile Corporation borrows $1 million from Hi Finance Company (HFC). Agile signs afinancing statement that describes the collateral, its inventory and proceeds, and HFC files thestatement in the appropriate state office. Using the same collateral, Agile
Everest University - BUL - 2131-3
Eagle Sales Company owns a warehouse, subject to a mortgage obtained from FirstNational Bank. Separately, Eagle and First National obtain insurance policies from Good HandsInsurance, Inc., to cover the warehouse. Later, Eagle sells the property to Inter
Everest University - BUL - 2131-3
Eve and Frank own twenty acres of land on which there is a warehouse surrounded by afence. What is the most important factor in determining whether the fence is a fixture?Certain personal property can become so closely associated to the real property to
Everest University - BUL - 2131-3
Sam owns an acre of land on Red River. The government dams the river. A lake formsbehind the dam, covering Sam's land. Does the government owe Sam anything?If so, what? If not, why?Land includes the soil on the surface of the earth and the natural or a