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# Data Driven Statistics

What is a
discrete probability distribution?  What
are the two conditions that determine a probability distribution?

What is a discrete probability
distribution?  Choose the correct answer below.

(a.)  A discrete probability distribution list each
possible value a random variable can assume.

(b.)A discrete probability distribution lists
each possible value a random variable can assume, together with its
probability.

(c.)  A
discrete probability distribution exclusively lists probabilities.

(d.)None of the above.

2.
Decide
whether the random variable x is discrete or continuous.  Explain you reasoning.  Let x represent the temperature of a person
taken with a mercury thermometer.

Is the random variable x discrete or continuous?
Choose

(a.)  Continuous, because x is a random variable
that cannot be counted.

(b.)Discrete,
because x is a random variable that can be counted.

3.
A
frequency distribution is shown below.
Complete parts (a) through (e).

The number of dogs per household in a small
town

Dogs

Households

0

1477

1

428

2

170

3

41

4

27

5

15

(a)
Use the
frequency distribution to construct a probability distribution.

X                         P(x)

0
___

1
___

2
___

3
___

4
___

5
___

(Round to the nearest thousandth
as needed)

4.  The
expected value of an accountant’s profit and loss analysis is 0.  Explain what this means.

Choose

(a.)  An expected value of 0 means that there was
not any money gained or spent.

(b.)An
expected value of 0 mans that the average money gained is equal to the average
money spent, representing the break -even point.

(c.)  Since
the expected value cannot be less than 0, an expected value of 0 mans that the
average money gained is equal to or less than the average money spent.

(d.)An
expected value cannot be equal to 0.

5.
In a
binomial experiment, what does it mean to say that each trial is independent of
the other trials?  Choose the correct answer below.

(a.)  Each trial is independent of the other trials
if the outcome of one trial affects the outcome of another trial.

(b.)Each
trial is independent of the other trials if no more than one trial occurs at a
time.

(c.)  Each
trial is independent of the other trials if the outcome of one trial does not
affect the outcome of any of the other trials.

(d.)Each
trial is independent of the other trials if the sum of all the possible trial
outcomes equals 1.

6.
of babies born with a certain ailment recover fully.  A hospital is caring for seven babies born
with this aliment.  The random variable represents
the number of babies that recover fully.
Decide whether the experiment is a binomial experiment.  If it is, identify a success, specify the
values of n, p, and q, and list the possible values of the random variable x.

Specify the value of n, Select the

(a.)  N
=___

(b.)The

7.
Find the
mean, variance and the standard of the binomial distribution with the given
values of n and p.

N=70, p=0.6

Round to the nearest tenth as needed.

8.  52%
of men consider themselves professional baseball fans. You randomly select 10
men and ask each if he considers himself a professional baseball fan.  Find the probability that the number who
consider themselves baseball fans is  (a)
exactly eight, (b) at least eight, and (c) less than eight.  If convenient, use technology to find the
probabilities.

(a.)  P(8)
= ___  Round to the nearest thousandth as
needed.

## Caledonia Products

without supervision. Your next assignment involves both the calculation
of the cash flows associated with a new investment under consideration
and the evaluation of several mutually exclusive projects. Given your
lack of tenure at Caledonia, you have been asked not only to provide a
recommendation, but also to respond to a number of questions aimed at
judging your understanding of the capital-budgeting process. The

To: The Assistant Financial Analyst

From: Mr. V. Morrison, CEO, Caledonia Products

Re: Cash Flow Analysis and Capital Rationing

We are considering the introduction of a new product. Currently we are in the 34% tax bracket with a 15% discount
rate. This project is expected to last five years and then, because
this is somewhat of a fad project, it will be terminated. The following
information describes the new project:

Cost of new plant and equipment:
\$ 7,900,000
Shipping and installation costs:
\$ 100,000
Unit sales:

Year
Units Sold
1
70,000
2
120,000
3
140,000
4
80,000
5
60,000

Sales price per unit:
\$300/unit in years 1–4 and \$260/unit in year 5.
Variable cost per unit:
\$180/unit
Annual fixed costs:
\$200,000 per year

Working capital requirements: There will be an initial working
capital requirement of \$100,000 just to get production started. For each
year, the total investment in net working capital will be equal to 10%
of the dollar value of sales for that year. Thus, the investment in
working capital will increase during years 1 through 3, then decrease in
year 4. Finally, all working capital is liquidated at the termination
of the project at the end of year 5.

Depreciation method: Straight-line over 5 years assuming the plant and equipment have no salvage value after 5 years.

1.  Why should Caledonia focus on project free cash flows as opposed to the accounting profits earned by the project when analyzing whether to undertake the project?2.
What are the incremental cash flows for the project in years 1 through 5
and how do these cash flows differ from accounting profits or earnings?

## Finance Questions

gov/edgar/searchedgar/webusers.htm) and analyze the
financial statements (for the most recent
complete year) based on the factors outlined below.

The introduction to your analysis in APA format that
contains the following information in the introduction: Company overview
Name of CEO/CFO Location of the
corporate/home office Ending date of latest fiscal year
Description of the main products/services that the company provides Main
geographic area of activity Name
of company’s independent auditors. Explain what the
auditors said about the company’s financial statements. The most recent
stock price and its dividend per share.
Include the date for this information.

## Communication DQ question

Be sure to include the following
information:

How
did the verbal and nonverbal communication cues affect the recipients’
perception of the message in each experience? Why?

In each experience, how do you think the
message could have been perceived differently if it had been delivered in an
online situation? Why?

Write a paragraph where
you describe a positive face-to-face communication experience.

In this paragraph, you explained:

How the
verbal and nonverbal communication cues affect the recipients’ perception of
the message in this experience? Why?

How do you
think the message could have been perceived differently if it had been
delivered in an online situation? Why?

Write a paragraph where
you describe a negative face-to-face communication experience.

In this paragraph, you explained:

How the
verbal and nonverbal communication cues affect the recipients’ perception of
the message in this experience? Why?

How do you
think the message could have been perceived differently if it had been
delivered in an online situation? Why?

## Political Situation

Papers should include a sound analysis, empirical evaluation of the concepts, and a wide-ranging response to the political situation that leads to predictions of the likely outcome or proposed policy solutions.  All papers must include citations and references, and should be edited for grammar and organization.  Can you work on this ASAP. It must be 100% plagiarism free?

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