In 1986 Murrandoo, a successful property developer, needed finance for a new property development on the Gold Coast. He approached his bank and was told by the branch manager of the bank that a loan could be arranged in a foreign currency at a low rate of interest if he was interested. At a later meeting, another bank officer spoke about the advantages of such a loan against the Australian dollar, which was strong at that time.

As a result of these conversations, Murrandoo borrowed the equivalent of A$1million in Japanese yen. At the time of the loan, the exchange rate for the Australian dollar against yen was 1:130. Over the next few years, the values of the Australian dollar fell against the yen to 1:65, effectively doubling his debt to the bank.

Has Murrandoo any recourse against the bank under the Trade Practices Act?

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In 1992, the FAA conducted 86,991 pre-employment drug tests on job applicants who were been gaged in safety and security-related jobs, and found that 1,143 were positive. (a) Construct a95 percent confidence interval for the population proportion of positive drug tests. (b) Why is the normality assumption not a problem, despite the very small value of p?

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1.     In 1994, O. J. Simpson, an actor and former professional American football player, was accused of murdering his ex-wife, Nicole Brown Simpson. News of this court case filled the media for months. During the trial, Alan Dershowitz, an advisor to Simpson’s defence attorneys, claimed that Simpson’s previous accusation of spousal abuse was not particularly relevant. The evidence was that only about one in 2500 men who batter their significant others (wives, girlfriends) go on to kill them.  This statement went unchallenged at the trial, but was subsequently corrected in a letter to the editor in Nature in 1995. In 1994, there were approximately 125,000,000 women in the USA. That year there were approximately 3,500,000 women who were battered. There were approximately 5,000 women murdered. Approximately 1,400 women were murdered by the man who battered them.

a)     What is the probability that a woman was battered in 1994?

b)    What is the probability that a woman was murdered in 1994?

c)     The defence argued that the probability of a woman being murdered by her batterer, given she was battered was 1 in 2,500, so the fact that O.J. Simpson battered his wife was irrelevant. The prosecution should have challenged this probability because what was at issue was that Nicole Brown was murdered. Use Bayes Rule to calculate the probability that she was murdered by her batterer, given that she was murdered.

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In 1996, the General Social Survey (which uses a method similar to simple random sampling) asked, “On the whole, do you think it should be the government’s responsibility to provide decent housing for those who can’t afford it?” For this question, 240 people said that it definitely should out of 1572 randomly selected people.  The General Social survey randomly selects adults living in the US. Someone wanted to compute a 95% confidence interval for p.

What is the parameter?

Group of answer choices

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In 1997, Carol purchased a single life annuity for $184000 that would pay her $18400 per year for life beginning in 2009. Carol’s life expectancy from 2009 forward on which the payments were based was 20 years. a. How much would Carol include in income if she is still receiving payments in 2029?

$Number(Enter your final answer without using comma separator, e.g. 5225.)

b. If Carol dies in 2016 after receiving that year’s payment, what is the unrecovered investment remaining?

$Number(Enter your final answer without using comma separator, e.g. 5225.)

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