James placed $7,500 in a certificate of deposit (CD) at his local ba.pdf
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James placed $7,500 in a certificate of deposit (CD) at his local bank. The interest the CD generated was $731.25. If the interest rate was 6.5%, how many months was the money deposited? Solution Use the formula Interest = Principal.
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Jeff typically makes 75 of his field goals. Steve typically makes 5.pdf
Jeff typically makes 75% of his field goals. Steve typically makes 55% of his field goals.
Suppose they both have the opportunity to kick 3 field goals.
What is the probability Jeff will succeed in making at least 1 field goal? (0.0001)
What is the probability Steve will succeed in making at least 1 field goal? (0.0001)
What is the probability that both Steve and Jeff will succeed in making at least one field goal?
(0.0001)
What is the probability that either Steve or Jeff will succeed in making at least one field goal?
(0.0001)
Given that only one field goal total was scored, what is the probability that Jeff was the one who
kicked it? (0.0001)
Solution
p(jeff) = 0.75 p(steve) = 0.55
p(jess scores atleast 1) = 1 - (0.25)^3 = 0.984375
p(steve scores atleast 1) = 1 - (0.45)^3 = 0.908875
p(both score atleast one goal) = 0.984375 x 0.908875 = 0.89467
p(either jeff or steve score atleast one goal) = 0.984375 + 0.908875 - 0.89467 = 0.99858
p(jeff scores 1 goal and steve none), p1 = 3*0.75*(0.25)^2*(0.45)^3 = 0.01281
p(steve scores 1 goal and jeff none), p2 = 3*0.55*(0.45)^2*(0.25)^3 = 0.00522
thus, p(jeff scores the only goal scored) = p1/(p1+p2) = 0.71.
Jean the business owner has received notice that Paul the Potential .pdf
Jean the business owner has received notice that Paul the Potential Plaintiff has fallen on
property owned by Jean and claims to be injured.
Using concepts you have learned in Chapter 27, 30, and 37, please give a list of questions you
would want to ask about:
1. The nature of Jean
Solution
Hi,
1) I would ask if the business is onwed solely by Jean or is it onwed in a partnership
2) I would ask if the property is onwed by Jean or is it on lease
3) I would if Jean has porperty and casulaty insurance and to upto what amount these insurance
has covers.
Jim Smith has worked for the ABC Insurance Company for the past twen.pdf
Jim Smith has worked for the ABC Insurance Company for the past twenty-three years. Jim
graduated with a top-notch accounting degree and he also has his MBA. Bar none, Jim is
considered by everyone in his organization to be a brilliant accountant. At issue is that Jim\'s
brilliance may be coupled with just a little too much \"creativity\" when one considers his
approach to maximizing the company\'s profits.
At the end of every quarter, Jim calls up the supervisors of each of ABC\'s insurance branches,
and asks them to estimate their outstanding insurance claims. These insurance claims represent
money that the company very likely owes its customers – i.e., claims are estimates of money
owed at the end of the quarter to ABC\'s customers who are likely to file a claim in the near
future, but who have not yet done so (the total money owed - but still outstanding - is referred to
as a \"claims lag\", since there is a lag from the date on which an insurable event has occurred to
that point in time at which ABC has become aware that a customer has filed a valid claim).
For instance, based on historical experience, at the end of each quarter, Division 1 of ABC
Company estimates that 20% of all claims for that quarter are still outstanding (i.e., an insurable
event has occurred, but has not yet been reported to Division 1). This is the number (20%)
reported to Jim. Being the \"brilliant\" accountant that he is, and in light of his sheer eagerness
to maximize profits for the quarter (and because his quarterly bonus is based on each quarter\'s
profits!), Jim reduces the outstanding claims reported by all of ABC\'s insurance divisions by
10%. In doing so, Jim has effectively reduced the company\'s quarterly claims expenses by this
same 10% --- and voila! -- Jim has also managed a creative increase in his own quarterly bonus.
As you might guess, Jim sees nothing wrong in further reducing the divisions\' company claims
estimates, reasoning: \"Look...they\'re all a bunch of estimates anyhow!\" Jim further opines:
\"Besides, I have a duty to this company and to its stockholders - and that is to maximize
profits!\"
Consider this situation from a virtue ethics perspective. What virtues are at stake?
Solution
Virtue ethics emphasises on an individual\'s character as the primary key of ethical thinking. The
stress is on morals and character and moral behaviour.
Virtues are postivie traits and morals and qualities which are morally good.
From a virtue ethics perspective, Jim is presenting false numbers on a quarterly numbers. This
may also be considered a case of fudging and misrepresenting the data. In other words Jim can
also be said to be lying.
Jim is consciously under-reporting the outstanding claims numbers every quarter, to increase his
bonus. Jim says that he his doing a favor to the company and shareholders, but in reality he is
only concerned about his bonus and workd with the objective of maximizing his bonus.
The virtues at stake are: (1) honesty and .
Jill has a swimming pool in her backyard. It is shaped like a rectan.pdf
Jill has a swimming pool in her backyard. It is shaped like a rectangle, and measures
approximately 16.4 feet wide and 26.25 feet long. It is an average of 5 feet deep. During a few
hot weeks during the summer, some water evaporates from the pool, and Jill needs to add 10
inches of water to the depth of the pool, using her garden hose. Although her water pressure
varies, the water flows through Jill
Solution
n.
Jennifer VanPelt is the assistant chief accountant at BIT Company, a.pdf
Jennifer VanPelt is the assistant chief accountant at BIT Company, a manufacturer of computer
chips and cellular phones. The company presently has total sales of $20 million. It is the end of
the first quarter and Jennifer is hurriedly trying to prepare a trial balance so that quarterly
financial statements can be prepared and released to management and the regulatory agencies.
The total credits on the trial balance exceed the debits by $1,000. In order to meet the 4 p.m.
deadline, Jennifer decides to force the debits and credits into balance by adding the amount of
the difference to the Equipment account. She chose Equipment because it is one of the larger
account balances; percentage-wise it will be the least misstated. Jennifer plugs the difference!
She believes that the difference is quite small and will not affect anyone\'s decisions. She wishes
that she had another few days to find the error but realizes that the financial statements are
already late.
Instructions 1. Who are the stakeholders in this situation?
2. What ethical issues are involved?
3. What are Jennifer\'s alternatives?
Solution
Answer:1 . Stakeholders are the people who are affected by the decision. That would be Jennifer
VanPelt, her manager, the company, the shareholders, and whoever is in charge of the
Equipment account.
Answer:2 The ethical issue is malfeasance. If Jennifer VanPelt is dishonest even though it was
probably someone else\'s mistake, she is getting herself wrapped up in a problem and making it
worse. Plugging numbers means not only is the mistake going to remain, but now the Equipment
account is messed up, too.
Answer:3 Jennifer\'s first alternative would be to go to the chief accountant and point out the
discrepancy. Since the credits exceed the debits, this shouldn\'t be a big deal, because there isn\'t
any money missing. Her second alternative would be to ask for an extension due to the
discrepancy. The third alternative would just be to submit the numbers, even though they don\'t
balance, and say that it should only take a few days to find the problem..
Java - a mergeSort algorithm using arraylists or arraysSolution.pdf
Java - a mergeSort algorithm using arraylists or arrays
Solution
/* Java implementation of for Merge Sort using arrays */
class MergeSort
{
// merging the two subarrays
void merge(int intArray[], int left, int middle, int right)
{
int length1 = middle - left + 1;
int length2 = right - middle;
// First subarray is arr[left..middle]
int Larray[] = new int [length1];
// Second subarray is arr[middle+1..right]
int Rarray[] = new int [length2];
/*Copy data to arrays*/
for (int i=0; i.
Janie graduates from high school in 2014 and enrolls in college in t.pdf
Janie graduates from high school in 2014 and enrolls in college in the fall. Her parents pay $4000
for her tuition and fees.
Assuming Janies\'s parents have AGI of $170,000, what is the American Opportunity tax credit
they can claim for Janie?
Solution
Assuming Janies parents have AGI of $170000 , the maximum the Parents can claim under
American Opprtunity tax credit for JAnie is $2500 for 2014.
Jane is a tax consultant whose clients visit her office following a .pdf
Jane is a tax consultant whose clients visit her office following a Poisson process with the rate of
three clients per hour. She went out for lunch for one hour yesterday. When she left her office at
12:00 PM, there were no clients. When she came back at 1:00 PM, there were two clients waiting
for her. What is the probability that both clients had waited more than half an hour?
Solution
0.5*0.5= 0.25.
Recommended
Jeff typically makes 75 of his field goals. Steve typically makes 5.pdf
Jeff typically makes 75% of his field goals. Steve typically makes 55% of his field goals.
Suppose they both have the opportunity to kick 3 field goals.
What is the probability Jeff will succeed in making at least 1 field goal? (0.0001)
What is the probability Steve will succeed in making at least 1 field goal? (0.0001)
What is the probability that both Steve and Jeff will succeed in making at least one field goal?
(0.0001)
What is the probability that either Steve or Jeff will succeed in making at least one field goal?
(0.0001)
Given that only one field goal total was scored, what is the probability that Jeff was the one who
kicked it? (0.0001)
Solution
p(jeff) = 0.75 p(steve) = 0.55
p(jess scores atleast 1) = 1 - (0.25)^3 = 0.984375
p(steve scores atleast 1) = 1 - (0.45)^3 = 0.908875
p(both score atleast one goal) = 0.984375 x 0.908875 = 0.89467
p(either jeff or steve score atleast one goal) = 0.984375 + 0.908875 - 0.89467 = 0.99858
p(jeff scores 1 goal and steve none), p1 = 3*0.75*(0.25)^2*(0.45)^3 = 0.01281
p(steve scores 1 goal and jeff none), p2 = 3*0.55*(0.45)^2*(0.25)^3 = 0.00522
thus, p(jeff scores the only goal scored) = p1/(p1+p2) = 0.71.
Jean the business owner has received notice that Paul the Potential .pdf
Jean the business owner has received notice that Paul the Potential Plaintiff has fallen on
property owned by Jean and claims to be injured.
Using concepts you have learned in Chapter 27, 30, and 37, please give a list of questions you
would want to ask about:
1. The nature of Jean
Solution
Hi,
1) I would ask if the business is onwed solely by Jean or is it onwed in a partnership
2) I would ask if the property is onwed by Jean or is it on lease
3) I would if Jean has porperty and casulaty insurance and to upto what amount these insurance
has covers.
Jim Smith has worked for the ABC Insurance Company for the past twen.pdf
Jim Smith has worked for the ABC Insurance Company for the past twenty-three years. Jim
graduated with a top-notch accounting degree and he also has his MBA. Bar none, Jim is
considered by everyone in his organization to be a brilliant accountant. At issue is that Jim\'s
brilliance may be coupled with just a little too much \"creativity\" when one considers his
approach to maximizing the company\'s profits.
At the end of every quarter, Jim calls up the supervisors of each of ABC\'s insurance branches,
and asks them to estimate their outstanding insurance claims. These insurance claims represent
money that the company very likely owes its customers – i.e., claims are estimates of money
owed at the end of the quarter to ABC\'s customers who are likely to file a claim in the near
future, but who have not yet done so (the total money owed - but still outstanding - is referred to
as a \"claims lag\", since there is a lag from the date on which an insurable event has occurred to
that point in time at which ABC has become aware that a customer has filed a valid claim).
For instance, based on historical experience, at the end of each quarter, Division 1 of ABC
Company estimates that 20% of all claims for that quarter are still outstanding (i.e., an insurable
event has occurred, but has not yet been reported to Division 1). This is the number (20%)
reported to Jim. Being the \"brilliant\" accountant that he is, and in light of his sheer eagerness
to maximize profits for the quarter (and because his quarterly bonus is based on each quarter\'s
profits!), Jim reduces the outstanding claims reported by all of ABC\'s insurance divisions by
10%. In doing so, Jim has effectively reduced the company\'s quarterly claims expenses by this
same 10% --- and voila! -- Jim has also managed a creative increase in his own quarterly bonus.
As you might guess, Jim sees nothing wrong in further reducing the divisions\' company claims
estimates, reasoning: \"Look...they\'re all a bunch of estimates anyhow!\" Jim further opines:
\"Besides, I have a duty to this company and to its stockholders - and that is to maximize
profits!\"
Consider this situation from a virtue ethics perspective. What virtues are at stake?
Solution
Virtue ethics emphasises on an individual\'s character as the primary key of ethical thinking. The
stress is on morals and character and moral behaviour.
Virtues are postivie traits and morals and qualities which are morally good.
From a virtue ethics perspective, Jim is presenting false numbers on a quarterly numbers. This
may also be considered a case of fudging and misrepresenting the data. In other words Jim can
also be said to be lying.
Jim is consciously under-reporting the outstanding claims numbers every quarter, to increase his
bonus. Jim says that he his doing a favor to the company and shareholders, but in reality he is
only concerned about his bonus and workd with the objective of maximizing his bonus.
The virtues at stake are: (1) honesty and .
Jill has a swimming pool in her backyard. It is shaped like a rectan.pdf
Jill has a swimming pool in her backyard. It is shaped like a rectangle, and measures
approximately 16.4 feet wide and 26.25 feet long. It is an average of 5 feet deep. During a few
hot weeks during the summer, some water evaporates from the pool, and Jill needs to add 10
inches of water to the depth of the pool, using her garden hose. Although her water pressure
varies, the water flows through Jill
Solution
n.
Jennifer VanPelt is the assistant chief accountant at BIT Company, a.pdf
Jennifer VanPelt is the assistant chief accountant at BIT Company, a manufacturer of computer
chips and cellular phones. The company presently has total sales of $20 million. It is the end of
the first quarter and Jennifer is hurriedly trying to prepare a trial balance so that quarterly
financial statements can be prepared and released to management and the regulatory agencies.
The total credits on the trial balance exceed the debits by $1,000. In order to meet the 4 p.m.
deadline, Jennifer decides to force the debits and credits into balance by adding the amount of
the difference to the Equipment account. She chose Equipment because it is one of the larger
account balances; percentage-wise it will be the least misstated. Jennifer plugs the difference!
She believes that the difference is quite small and will not affect anyone\'s decisions. She wishes
that she had another few days to find the error but realizes that the financial statements are
already late.
Instructions 1. Who are the stakeholders in this situation?
2. What ethical issues are involved?
3. What are Jennifer\'s alternatives?
Solution
Answer:1 . Stakeholders are the people who are affected by the decision. That would be Jennifer
VanPelt, her manager, the company, the shareholders, and whoever is in charge of the
Equipment account.
Answer:2 The ethical issue is malfeasance. If Jennifer VanPelt is dishonest even though it was
probably someone else\'s mistake, she is getting herself wrapped up in a problem and making it
worse. Plugging numbers means not only is the mistake going to remain, but now the Equipment
account is messed up, too.
Answer:3 Jennifer\'s first alternative would be to go to the chief accountant and point out the
discrepancy. Since the credits exceed the debits, this shouldn\'t be a big deal, because there isn\'t
any money missing. Her second alternative would be to ask for an extension due to the
discrepancy. The third alternative would just be to submit the numbers, even though they don\'t
balance, and say that it should only take a few days to find the problem..
Java - a mergeSort algorithm using arraylists or arraysSolution.pdf
Java - a mergeSort algorithm using arraylists or arrays
Solution
/* Java implementation of for Merge Sort using arrays */
class MergeSort
{
// merging the two subarrays
void merge(int intArray[], int left, int middle, int right)
{
int length1 = middle - left + 1;
int length2 = right - middle;
// First subarray is arr[left..middle]
int Larray[] = new int [length1];
// Second subarray is arr[middle+1..right]
int Rarray[] = new int [length2];
/*Copy data to arrays*/
for (int i=0; i.
Janie graduates from high school in 2014 and enrolls in college in t.pdf
Janie graduates from high school in 2014 and enrolls in college in the fall. Her parents pay $4000
for her tuition and fees.
Assuming Janies\'s parents have AGI of $170,000, what is the American Opportunity tax credit
they can claim for Janie?
Solution
Assuming Janies parents have AGI of $170000 , the maximum the Parents can claim under
American Opprtunity tax credit for JAnie is $2500 for 2014.
Jane is a tax consultant whose clients visit her office following a .pdf
Jane is a tax consultant whose clients visit her office following a Poisson process with the rate of
three clients per hour. She went out for lunch for one hour yesterday. When she left her office at
12:00 PM, there were no clients. When she came back at 1:00 PM, there were two clients waiting
for her. What is the probability that both clients had waited more than half an hour?
Solution
0.5*0.5= 0.25.
It is possible for the regression equation to have none of the actua.pdf
It is possible for the regression equation to have none of the actual (observed) data points located
on the regression line. true/false
False?
That doesn\'t seem like it\'d make any sense, but I don\'t know why...
Solution
It is possible, The regression line can be regarded as a \"mean\" for the set of data,
and, like the usual mean, its value doesn\'t necessarily coincide with any observed value..
It is thought that prehistoric Indians did not take their best tools.pdf
It is thought that prehistoric Indians did not take their best tools, pottery, and household items
when they visited higher elevations for their summer camps. It is hypothesized that
archaeological sites tend to lose their cultural identity and specific cultural affiliation as the
elevation of the site increases. Let x be the elevation (in thousands of feet) for an archaeological
site in the southwestern United States. Let y be the percentage of unidentified artifacts (no
specific cultural affiliation) at a given elevation. Suppose that the following data were obtained
for a collection of archaeological sites in New Mexico: What percentage of the variation in
y can be explained by the corresponding variation in x and the least-squares line? Answer
a.95.7% b.0.7% c.8.4% d.91.6% e.4.3%
Solution
0.945 so ur option is a. 95.7%.
It was hypothesized that sensory deprivation inhibits the intellectu.pdf
It was hypothesized that sensory deprivation inhibits the intellectual development of animals. To
test this hypothesis an experimenter used two rats, each of whom had just given birth to eight
pups. One rat and her litter were placed in a large cage with ample space and with objects to
explore. The pups of the second rat were separated from the mother, and each was placed in a
separate cage. These cages were quite small, and the only objects they could see (or hear) were
the four walls and the food dispenser. After five months both treatment groups of rats were tested
in a multiple-T maze using food as a reward. After 20 trials all of the nondeprived pups were
running the maze without error. On the other hand, the deprived pups were still making several
errors in the maze. This latter group of rats frequently \"froze\" in the start box and in the maze
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intellectual development such that deprived rats did not have the intellectual ability to learn a
simple maze.
who is the experimental group
who is the control group
what is the effect variable
what is the sampling frame
treatments
what is the dependent variable
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deprivation.
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It is obvious that Taila values her privacy as she rarely talks about her husband and children in
conversations with her co-workers. Based on Trompenarrs dimensions of national culture, which
cultural dimension does Talia\'s behavior in the workplace most closely relate to?
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Its a hot summer day in the Central Valley. Two children Alice and.pdf
It\'s a hot summer day in the Central Valley. Two children Alice and Bob are engaged in a water
balloon (cid:12)fight. Alice hits her target with 75% probability while Bob is 50% accurate. They take
turns throwing water balloons, with Alice going (cid:12)first, until one of them is hit by a balloon. What
is the chance that Bob is the winner (scores the (cid:12)first hit)?
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Jack Hall is home to the Math Department. In 140 trips on the Jack H.pdf
Jack Hall is home to the Math Department. In 140 trips on the Jack Hall elevator, the average
waiting time for the car to arrive was 6 minutes. The largest number of trips (among those 140)
in which it took 12 minutes or longer for the car to arrive is _______.
Solution
exponential with lambda = 1/ 6 .
P(X > =12) = 1 - (1 - e^(-12 /6)) = e^-2 = 0.135
number of trips = 140*P(X >=12) = 140 * 0.135~ 19.
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It is possible for the regression equation to have none of the actua.pdf
It is possible for the regression equation to have none of the actual (observed) data points located
on the regression line. true/false
False?
That doesn\'t seem like it\'d make any sense, but I don\'t know why...
Solution
It is possible, The regression line can be regarded as a \"mean\" for the set of data,
and, like the usual mean, its value doesn\'t necessarily coincide with any observed value..
It is thought that prehistoric Indians did not take their best tools.pdf
It is thought that prehistoric Indians did not take their best tools, pottery, and household items
when they visited higher elevations for their summer camps. It is hypothesized that
archaeological sites tend to lose their cultural identity and specific cultural affiliation as the
elevation of the site increases. Let x be the elevation (in thousands of feet) for an archaeological
site in the southwestern United States. Let y be the percentage of unidentified artifacts (no
specific cultural affiliation) at a given elevation. Suppose that the following data were obtained
for a collection of archaeological sites in New Mexico: What percentage of the variation in
y can be explained by the corresponding variation in x and the least-squares line? Answer
a.95.7% b.0.7% c.8.4% d.91.6% e.4.3%
Solution
0.945 so ur option is a. 95.7%.
It was hypothesized that sensory deprivation inhibits the intellectu.pdf
It was hypothesized that sensory deprivation inhibits the intellectual development of animals. To
test this hypothesis an experimenter used two rats, each of whom had just given birth to eight
pups. One rat and her litter were placed in a large cage with ample space and with objects to
explore. The pups of the second rat were separated from the mother, and each was placed in a
separate cage. These cages were quite small, and the only objects they could see (or hear) were
the four walls and the food dispenser. After five months both treatment groups of rats were tested
in a multiple-T maze using food as a reward. After 20 trials all of the nondeprived pups were
running the maze without error. On the other hand, the deprived pups were still making several
errors in the maze. This latter group of rats frequently \"froze\" in the start box and in the maze
and had to be prodded to move. The experimenter concluded that sensory deprivation inhibits
intellectual development such that deprived rats did not have the intellectual ability to learn a
simple maze.
who is the experimental group
who is the control group
what is the effect variable
what is the sampling frame
treatments
what is the dependent variable
Solution
1. animals: rats 2. humans 3. experiments 4. rats 5. multiple T maze 6. sensory
deprivation.
It is obvious that Taila values her privacy as she rarely talks abou.pdf
It is obvious that Taila values her privacy as she rarely talks about her husband and children in
conversations with her co-workers. Based on Trompenarrs dimensions of national culture, which
cultural dimension does Talia\'s behavior in the workplace most closely relate to?
Solution
Ans:
A) Specific vs. diffuse.
Its a hot summer day in the Central Valley. Two children Alice and.pdf
It\'s a hot summer day in the Central Valley. Two children Alice and Bob are engaged in a water
balloon (cid:12)fight. Alice hits her target with 75% probability while Bob is 50% accurate. They take
turns throwing water balloons, with Alice going (cid:12)first, until one of them is hit by a balloon. What
is the chance that Bob is the winner (scores the (cid:12)first hit)?
Solution
The chance of Alice missing is 1/4 and the chance of bob hitting is 1/2. Multiply
1/4*1/2=1/8.
Jack Hall is home to the Math Department. In 140 trips on the Jack H.pdf
Jack Hall is home to the Math Department. In 140 trips on the Jack Hall elevator, the average
waiting time for the car to arrive was 6 minutes. The largest number of trips (among those 140)
in which it took 12 minutes or longer for the car to arrive is _______.
Solution
exponential with lambda = 1/ 6 .
P(X > =12) = 1 - (1 - e^(-12 /6)) = e^-2 = 0.135
number of trips = 140*P(X >=12) = 140 * 0.135~ 19.
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