Joe Mauer of the Minnesota Twins had the highest batting average in the 2009 Major League Baseball season. His average was .461. So assume the probability of getting a hit is .461 for each time he batted. In a particular game, assume he batted four times.(b)
John and Andrew Doney invented a device for balancingrotors. Although they registered their inventionwith the U.S. Patent and Trademark Office, itwas never put on the market as an automobile wheelbalancer. Some time later, Exetron Corp. producedan automobile wheel balancer that used a device similarto that of the Doneys. Given the fact that theDoneys had not put the patented product in commerce,does Exetron’s use of a similar device infringeon the Doneys’ patent? Explain your answer.
Joe Lucky plays the lottery on any given week with probability p, independently of whether he played on any other week. Each time he plays, he has a probability q of winning, again independently of everything else. During a fixed time period of n weeks, let X be the number of weeks that he played the lottery and Y be the number of weeks that he won.(a) What is the probability that he played the lottery on any particular week, given that he did not win on that week?(b) Find the conditional PMF pY | X (y | x). (c) Find the joint PMF pX,Y (x, y).(d) Find the marginal PMF pY (y). Hint: One possibility is to start with the answer to part (c), but the algebra can be messy. But if you think intuitively about the procedure that generates Y , you may be able to guess the answer.(e) Find the conditional PMF pX | Y (x | y). Do this algebraically using the preceding answers.(f) Rederive the answer to part (e) by thinking as follows: for each one of the n−Y weeks that he did not win, the answer to part (a) should tell you something.
Question:Joe Lucky plays the lottery on any given week with probability p, independently of whether heplayed on any other week. Each time he plays, he has a probability q of winning, again…
John is a 35-year-old nurse who had rheumatic fever as a child. He noticed a persistent tachycardia and light-headedness. Chest x-rays showed an enlarged left atrium and left ventricle. ECG analysis showed atrial fibrillation and mild pulmonary congestion. Cardiac evaluation resulted in the following information:
Cardiac output (CO) 3.4 L/min
Blood pressure (BP) 100/58 mm Hg
Left atrial pressure (LAP) 16 mm Hg
Right ventricular pressure (RVP) 44/8 mm Hg
Heart sounds revealed valvular regurgitation.
John has graduated from a local university with a degree in industrial management and joined his father’s company as executive vice-president of operations. Dad wants John to prove himself and decided to assign a project to John. 20% of the company’s sales are derived from sale of swimming pool kits for homes. The company does not install these kits, buyers have to find their own installing experts. John has to determine whether or not they should get into that business.
John remembered a method called the Work Breakdown Structure (WBS) that he thought might serve as a useful tool to estimate costs. Also, the use of such tool can be passed along to the site supervisor to help evaluate the performance of work crews. Help John to create WBS and come up with a cost estimate for installing home swimming pool kits at the front-yard or back-yard of homes.
Prepare WBS which indicates all the deliverables of installing swimming pool kits at homes.
Assign an approximate duration and cost for each WBS element.
List what are risks that can be identified in this project.
Please answer all of the following questions in an essay form( no bullet points). Except for this question that is apart of question 1:
Microsoft Word – Principles of Marketing.docx
“Refer to specific theory presented from the lectures and the text in your answers. Please use original examples to illustrate.”
The questions are attached and answer in the space provided. Double space! Relevant information
Microsoft Word – Principles of Marketing.docRefer to specific theory presented from the lectures and the text in your answers. Please use original examples to illustrate.
1. John entered into a 2 year agreement with the Blue Mountains City Council to lease a café at a popular National Park scenic spot famous for its views overlooking the Grose Valley. The café was very successful but after 6 months a sewerage disposal works was set up near the café. Business suffers badly and after seeing his customers decrease rapidly John leaves the business and refuses to pay any further rent. The Council sues. Discuss. Also, is there any further evidence that may make your decision as to the outcome any clearer?
John Doe is a prison guard for the state of Louisiana. He is represented by the state employees’ union. His training clearly instructs that he is never to leave the post unattended because of potential danger to other employees and possible escape of prisoners, and that this could be a terminable offense. While on duty at the prison entrance, his partner took a lunch break in the picnic area, leaving his weapon at his post. Doe sees a woman he believes is being assaulted across the street from the prison. He leaves his post, crosses the street, and breaks up the assault by chasing the perpetrator away. A passing TV cameraman records the act, and Doe makes the 6 p.m. news as a local hero. Unfortunately, the prison warden sees the news video and report and fires John Doe for cause for leaving his post unattended. Doe files a grievance seeking reinstatement and back wages. While he agrees that he was in clear violation of the stated rules, he believes that his termination violates public policy as he was breaking up a criminal act. Is the arbitrator likely to uphold the termination of Doe? Why or why not? Assume that there are no Title VII issues.
This is a discussion question and it requires an answer about 250-300 words.
John Crockett Furniture Company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by Joan Samuel, a recently graduated finance MBA. The production line would be set up in unused space in Crockett’s main plant. The machinery’s invoice price would be approximately $200,000, another $10,000 in shipping charges would be required, and it would cost an additional $30,000 to install the equipment. Further, the firm’s inventories would have to be increased by $25,000 to handle the new line, but its accounts payable would rise by $5,000. The machinery has an economic life of 4 years, and Crockett has obtained a special tax ruling that places the equipment in the MACRS 3 year class. The machinery is expected to have a salvage value of $25,000 after 4 years of use. The new line would generate $125,000 in incremental net revenues (before taxes and excluding depreciation) in each of the next 4 years. The firm’s tax rate is 40% and its overall weighted average cost of capital is 10%.a)Construct the project’s cash flows over its 4 year life. Based on these cash flows, what are the project’s NPV and IRR? Do these indicators suggest that the project should be undertaken?b)Assume now that the project is a replacement project rather than a new or expansion, project. Describe how the analysis would differ for a replacement project.c)Explain what is meant by cash flow estimation bias. What are some steps that Crockett’s management could take to eliminate the incentives for bias in the decision process?d)In an unrelated analysis, Joan was asked to choose between the following two mutually exclusive projects:Expected Net Cash Flowyear Project S Project L-100,00033,50033,500- 33,500- 33,500The project provides a necessary service, so whichever one is selected is expected to be repeated into the foreseeable future. Both projects have a 10% cost of capital.(1)what is each project’s initial NPV without replication? Can you use the information to determine which project should be chosen? Explain.(2)Now apply the replacement chain approach to determine the project’s extended NPVs. Which project should be chosen? Explain.(3) Repeat the analysis using the equivalent annual annuity approach. Which project should be chosen? Explain.(4)Now assume that the cost to replicate Project S in 2 years will increase to $105,000 because of inflationary pressures. How should the analysis be handled now, and which project should be chosen? Explain.e)Crockett is also considering another project that has a physical life of 3 years, that is, the machinery will be totally worn out after 3 years. However, if the project were abandoned prior to the end of 3 years, the machinery would have a positive salvage value. Here are the project’s estimated cash flows:year Initial Investment & Operating CFs End-of-Year Net Abandonment Value5,0003,1002,0000 Using the 10% cost of capital, what is the project’s NPV if it is operated for the full 3 years? Would the NPV change if the company planned to abandon the project at the end of year 2? At the end of year 1? What is the project’s optimal life? Explain. Additional Requirements Level of Detail: Show all work
1. What is each project’s initial npv without replication?Answer: The NPVs, found with a financial calculator, are calculated as follows:Input the following: CF0 = -100000, CF1 = 60000, NJ = 2,…
John Company changed its inventory cost method to Lifo from Fifo at the beginning of 2009 for both financial statement and income tax purposes. Under Fifo the inventory at January 1, 2009 was estimated to be $15 million. A Lifo reserve at the end of 2009 was calculated to be $706,000. How should this change be reported?
Hi there! Click one of our representatives below and we will get back to you as soon as possible.