Day: April 26, 2018

10. The following hypotheses are given.
H0: Pi equals 0.40
H1: Pi does not equal 0.40
A sample of 120 observations revealed that p = 0.30. At the .05 significance level, can the
null hypothesis be rejected?
a. State the decision rule.
b. Compute the value of the test statistic.
c. What is your decision regarding the null hypothesis?

Use the five-step hypothesis-testing procedure in solving the following problem:

19. A spark plug manufacturer claimed that its plugs have a mean life in excess of 22,100 miles. Assume the life of the spark plugs follows the normal distribution. A fleet owner purchased a large number of sets. A sample of 18 sets revealed that the mean life was 23,400 miles and the standard deviation was 1,500 miles. Is there enough evidence to substantiate the manufacturer’s claim at the .05 significance level?

13. The null and alternate hypotheses are:
H0: u1 = u2
H1: u1 does not equal u2
A random sample of 10 observations from one population revealed a sample mean of 23
and a sample deviation of 4. A random sample of 8 observations from another population
revealed a sample mean of 26 and a sample standard deviation of 5. At the .05 significance level, is there a difference between the population means?

13. A senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees how many months each worked for the firm before receiving a raise in salary. The sample information is submitted to MINITAB with the following results:
Analysis of Variance
Source D F SS MS F P
Factor 3 32.33 10.78 2.36 0.133
Error 10 45.67 4.57
Total 13 78.00
At the .05 level of significance, is there a difference in the mean number of months before a raise was granted among the four CPA firms?

Situation: 70% of the American public are in favor of off-shore drilling in the US. Some of the people polled had previously rejected the possibility because of potential environmental effects, but now that gas is over $4.00 a gallon, they have to consider whether they want white, sandy beaches or a Hummer in the driveway. We might not be able to have both. People do not want to be told what to drive, nor do they want to be told what to eat or what doctor they must go to, generally. This last statement is directly linked to more/less government involvement.

1) Evaluate how a policy should be designed to produce desired results regarding this situation.
2) Explain how the results and recommendations of such policy analyses are used and viewed by various stakeholders.
3) Evaluate factors and conditions that influence policy utilization

* Please note that the statements above are not editorializing; I am merely offering a very controversial, real-life concern for your real-life analysis as a public administrator

OBJECTIVES

? Evaluate how policies are designed to produce desired results.
? Explain how the results and recommendations of policy analyses are used by various stake-holders.
? Evaluate factors and conditions that influence policy utilization.

INSTRUCTION: As healthcare undergraduate students many of you may decide to further your education and even obtain Doctoral degrees. This assignment is to give an idea and to envision you applying for a doctoral program. Please write a letter of intent, put together a document detailing how and why you will be a successful doctoral learner. Be sure to address the following aspects

1. Why would you pursue a Practitioner Scholar Terminal Degree as opposed to a Research Terminal Degree?
2. What ideas can you have to put together for your healthcare dissertation?
3. What is your plan of action and/or strategies for success in both the classes and the on-site residency classes? (Previous class, experiences, time management skills, emotional, personal and professional support systems, financial support including a plan for out of pocket expenses, etc.)
4. What are your strategies for working well independently and within the team environment that is part of the doctoral learning model?
5. What are your abilities/strategies for adapting to change, new perspectives and new concepts?
6. How receptive are you to constructive criticism?

Last year, a newly built casino had its huge, very grand opening gala, which involved numerous A-list guests, lots of gourmet food, and enough alcohol to float a boat. About 1:00 a.m. one of the top casino executives and his wife left the party in their brand new Porsche; apparently they had both had had more than their share of alcohol. The executive in the Porsche sideswiped a car and did not stop. Anyway, a policeman who was directing traffic tried to stop the Porsche, and the executive, refusing to stop, dragged the police officer about 50 feet before he was Tasered by the dragged police officer. The police officer was unharmed, but exacerbating the situation, the drunken executive’s wife started to throw her weight around by insisting she worked for City Hall, and stating she would have the policemen fired if they didn’t release her husband. Ultimately, both husband and wife ended up being booked on numerous charges being released on bail later that morning.

Question: Should the executive be fired? After all, he did embarrass the casino owner on his very special opening night. Or, are executives only responsible for what goes on inside the building? Does “what happens in Vegas stay in Vegas”? (Sorry, I couldn’t resist our very trite city motto.)

In March 2004, with the U.S presidential compaign heating up, President Bush’s White House team made what would seem to be a questionalbe hiring decision. It’s not clear how much screening they did, or who did it, but almost as soon as the White House recommended Nebraska business executive Tony Raimondo to be the administration’s assistant commerce secretary for manufacturing (“manufacturing czar”), Mr. Raimondo had to withdraw his name from consideration.

The candidate withdrew his name after blistering critisim from Democratic nominee John Kerry, Among other things, the president’s manufacturing czar was supposed to develop strategies for beefing up U.S manufacturing capacity and creating more manufactring jobs in the U.S, but it turned out that Mr. Raimondo ran Nebraska’s manufacturing business that had set up plants in China, and outsourced a portion of his company’s jobs there. Senator Kerry said Mr. Raimondo therfore hardly seemed like the ideal person to champion keeping jobs in the United States.

1. What should this position’s job description look like?
2. What are the ideal job specifications for the person in tis position?
3. How should we have gone about recruiting and screening for this position? What selection tools, specifically, would you use?
4. Where do you think we went wrong?

SWOT Analysis Continue with the case study you chose in Week 2.

Write a 3-5 page paper/analysis on your chosen case study (See Week 2) where you consider the SWOT Analysis, Marketing Goals and Objectives for your Marketing Plan.

This week’s component is the SWOT Analysis. Consider these elements as you write your paper.

Strengths Weakness Opportunites Threats SWOT Matrix

Developing Competitve Advantage Developing a Strategic Focus Within your paper/analysis be sure to address the following:

Include a title page and 2-3 references. Only the body of the paper will count toward the page requirement. Only one reference may be located online (not Wikipedia) and the other references must be located in the Grantham University online library. Your analysis/paper should be written in your own words. When completing your assignments all spelling, punctuation, grammar, formatting, and citations should be written in APA style. Please see your instructor for any further instructions. Note: A complete layout of the marketing plan can be found in the Appendix of the text

In 1983 the Reagan Administration introduced a new agricultural program called the Payment-in-Kind (PIK) program. Keeping this program in mind assume that the free market price of wheat is $4 per bushel and the free market supply is 20 million bushels. In the past, payment for extra wheat had been made in dollars and the wheat stored.

Suppose the government wishes to lower the wheat grown by 25% by paying farmers to withdraw land from production. However, in the new program payment is made in wheat TO THE FARMERS rather than in dollars. The wheat comes from the government reserves. The amount of wheat paid is equal to the amount that could have been harvested on the land withdrawn from production. Farmers are free to sell the wheat on the market.

1. How much wheat is now produced by the farmers?
2. How much wheat is indirectly supplied to the market by the government?
3. Will the market price change from free market price of $4? Why or why not?
4. Do farmers gain or lose from the program? How?
5. Does the government save money in PIK versus the old cash program? How?
6. Why was the program very short lived?

You just started a summer internship with the successful management consulting firm of Kirk, Spock, and McCoy. Your first day on the job was a busy one, as the following problems were presented to you.

Required: Supply the requested comments in each of the following independent situations.

1. FastQ Company, a specialist in printing, has established 500 convenience copying centers throughout the country. In order to upgrade its services, the company is considering three new models of laser copying machines for use I producing high-quality copies. These high quality copies would be added to the growing list of products offered in the FastQ shops. The selling price to the customer for each laser copy would be the same, no matter which machine is installed in the shop. The three models of laser copying machines under consideration are 1024s, a small-volume model; 1024m, a medium-volume model; and 1024G, a large-volume model. The annual rental costs and the operating costs vary with the size of each machine. The machine capacities and costs are as follows:

Copier Model 1024S 1024M 1024G
Annual capacity (copies) 100,000 350,000 800,000
Costs:
Annual machine rental 8,000 11,000 20,000
Direct Material and direct labor .02 .02 .02
Variable overhead costs .12 .07 .03

a. Calculate the volume level in copies where FastQ Company would be indifferent to acquiring either the small-volume model laser copier, 1024, or the medium-volume model laser copier, 1024M.

b. The management of FastQ Company is able to estimate the number of copies to be sold at each establishment. Present a decision rule that would enable FastQ Company to select the most profitable machine without having to make a separate cost calculation for each establishment. (Hint: To specify a decision rule, determine the volume at which FastQ would be indifferent between the medium and large copiers.)

2. Alderon Enterprises is evaluating a special order it has received for a ceramic fixture to be used in aircraft engines. Aeron has recently been operating at less than full capacity, so the firm’s management will accept the order if the price offered exceeds the costs that will be incurred in producing it. You have been asked for advice on how to determine the cost of two raw materials that would be required to produce the order.

a. The special order will require 800 gallons of endor, a highly perishable material that is purchased as needed. Alderon currently has 1,200 gallons of endor on hand, since the material is used in virtually all of the company’s products. The last time endor was purchased, Alderon paid $5.00 per gallon. However, the average price paid for the endor in stock was only $4.75. The market price for endor is quite volatile, with the current price at $5.50. If the special order is accepted, Alderon will have to place a new order next week to replace the 800 gallons of endor used. By then the price is expected to reach $5.75 per gallon.

Using the cost terminology, comment on each of the cost figures mentioned in preceding discussion. What is the real cost of endor if the special order is produced?

b. The special order also would require 1,500 kilograms of tatooine, a material not normally required in any of Alderon’s regular products. The company does happen to have 2,000 kilograms of tatooine on hand, since it formerly manufactured a ceramic product that used the material. Alderon recently received an offer of $14,000 from solo Industries for its entire supply of tatooine. However, Solo Industries is not interested in buying any quantity less than Alderon’s entire 2,000-kilogram stock. Alderon’s management is unenthusiastic about Solo’s offer, since Alderon paid $20,000 for the tatooine. Moreover, if the tatooine were purchased at today’s market price, it would cost $11.00 per kilogram. Due to the volatility of the tatooine, Alderon will need to get rid of its entire supply one way of another. If the material is not used in production or sold, Alderon will have to pay $1,000 for each 500 kilograms that is transported away and disposed of in a hazardous waste disposal site.

Using the cost terminology, comment on each of the cost figures mentioned in the
Preceding discussion. What is the real cost of tatooine to be used in the special order?

3. A local PBS station has decided to produce a TV series on state-of-the art manufacturing. The director of the TV series, Justin Tyme, is currently attempting to analyze some of the projected costs for the series. Tyme intends to take a TV production crew on location to shoot various manufacturing scenes as they occur. If the four-week series is shown in the 8:00-9:00 PM prime-time slot, the station will have to cancel a wildlife show that is currently scheduled. Management projects a 10 percent viewing audience for the wildlife how, and each 1 percent is expected to bring in donations of $10,000. In contrast, the manufacturing show is expected to be watched by 15 percent of the viewing audience. However, each 1 percent of the viewership will likely generate only $5,000 in donations. If the wildlife show is canceled, it can be sold to network television for $25,000.

Using the cost terminology, comment on each of the financial amounts mentioned in the preceding discussion. What are the relative merits of the two shows regarding the projected revenue to the station?

Heuristics are generally identified as “rules of thumb” that we use when making decisions. We evaluate information we already know, events we’ve already experienced, and actions we’ve already taken, to help us make quick and efficient decisions. In the heuristic process we make assumptions based on what we know, what we’ve done and what we’ve experienced (thus “rules of thumb”).

From your readings in the text this past week we’ve learned there are three types of heuristics; the representativeness heuristic, the availability heuristic and the anchoring & adjustment heuristic. Which of the three heuristic types is the most commonly used?

Post an answer to the following questions:

Based on what you’ve read and researched; in your opinion, which one of the three heuristic types do you believe is the most commonly used?

What information, facts, or data, did you use in coming to your conclusion (why did you select the heuristic you chose?)

Provide at least one, preferably two examples to support your conclusion?

Plant Lab Report Form Procedures: 1. Visit http://www.ucmp.berkeley.edu/plants/plantae.html; Introduction to the Plantae: The green kingdom, University of California, Berkeley Museum of Paleontology. Click the Systematics link and learn more about a group you desire to begin researching for this lab. Note: The boxes without images have not yet been developed. 2. Visit a number of websites (a few starters are listed below) that deal with the great diversity of plants and their biological, ecological, and economic impacts on life and human society. Gather (and cite!) information and images to allow you to prepare a poster or PowerPoint presentation. 3. In your poster or PowerPoint presentation, you will need to detail the classification of the group of creatures you are detailing. Include the time of first occurrence, fossil record (if any), economic and societal impact of the group, and its evolutionary importance (for example the green algae are not terribly important save as a stem group for the evolution of plants). Example sites:http://www.tolweb.org/tree/ Tree of Life Web Project. Maintained by scientists and collaborators, this site organizes over 5000 web pages about the classification and relationships of the domains and other taxonomic groups. http://www.pbs.org/wgbh/evolution/library/05/index.html Links for Systematics. This site compiles many links to aid your research.