Beer and Man Brewing Company Essay Essays

Beer and Man Brewing Company Essay Essays Beer and Man Brewing Company Essay Paper Beer and Man Brewing Company Essay Paper Mountain Man Brewing Company was established in 1925. and since so has come to be known as â€Å"West Virginia’s Beer† . In 2005. despite a 2 % bead in one-year gross revenues they sold about 520. 000 barrels and reported gross near to $ 50. 000. 000. Mountain Man Brewing Company’s mean consumer is male. above the age of 45 and typically in the middle-to-lower income bracket. With a little figure of Mountain Man Brewing Company’s consumers doing up a big per centum of their gross revenues. it is of import for the company to appeal to that little figure of consumers. and guarantee they are satisfaction to their trade name loyal. Competition: Recently. the province of West Virginia repealed the arcane jurisprudence ; leting retail shops to sell beer at price reduction monetary values. This creates force per unit area on old school regional breweries. like Mountain Man Brewery Company. to seek and vie with the â€Å"top-dogs† of the industry. Future of the Beer Industry: As beer gross revenues are non mostly affected by economic downswings. Gross saless are nevertheless. affected by alteration in consumer ( gustatory sensation ) demand. Current demand: In 2005 light beer accounted for over 50 % of entire beer gross revenues ; seting force per unit area on Mountain Man Brewery to present a light beer line into the market ( or do some other alteration ) . in order to stay profitable. Fiscal Premises1 ) Mountain Man Brewing Company will merely be able to accomplish. 15 % of thelight beer industry market portion. 2 ) Mountain Man Brewing Company will pass $ 1. 500. 000 on publicizing their new light beer in their first twelvemonth. 3 ) In association with bring forthing a light beer. Mountain Man Brewing Company will hold an extra $ 69. 000 in fixed disbursals per twelvemonth. 4 ) Mountain Man Brewing Company will be able to sell their light beer at $ 0. 29 per bottle. 5 ) Mountain Man Light will non gnaw gross revenues of Mountain Man Lager anytime in the close hereafter. 6 ) All else will be help comparable to the current capital construction of Mountain Man Brewing Company.

5 Secret Weapons for Your Career Change

5 Secret Weapons for Your Career Change Though switching careers has become much less stigmatized of late, that doesn’t mean you should do so flagrantly or without a plan. Add these 5Â  weapons to your arsenal before putting in your notice. Wielding even one can significantly increase your chances for career change success. 1. ClarityClarity of vision and purpose is key. It’s much better to start the career change process with an end in mind, rather than just an aimless idea. In other words: being ready to quit one job isn’t the same thing as being ready to start a new career. Before you initiate what can be an exciting, but challenging process, ask yourself two questions. First, what do you actually want? You know you don’t want to be in this job anymore, but where do you want to be? And then second, why do you want it? What about that job excites you and makes you want to pursue it?If you don’t have answers to these questions, take some time to take stock of yourself, your strengths, y our weaknesses, who you might know who could be useful or helpful to you in making the change, and then figure out what you’ll need to prepare to make it happen. Being clear about what you want and need to do in order to get it will help you develop a plan. Once that’s set in motion, all the work you put toward changing jobs will be productive and you’ll have the confidence of knowing you are moving in the right direction.2. BrandIn this age of social media, it is increasingly more important to have an online brand that is distinctive and unique and targeted to your industry and career goals. Take every opportunity you can to tailor your professional networking sites not just to your current job, but to the job you hope to attain.Try doing guest blogs and posts for websites in your field. Wherever possible, try to join the conversation that’s most relevant in your industry. Also make sure to put up a personal website that covers the information that would be on your resume, but in a way that sells you and provides context and personality as well as bulleted facts. Remember that every online space is an opportunity for you to show yourself in your best light and set yourself up to step into your new career.3. NetworkYour network is the key to your career success, both in your current job and wherever you’d like to end up next. Maintain the active connections you have, no matter where you go. And if you don’t have that many connections in the new career you’re trying to transition into, start building them through friends of friends and acquaintances of acquaintances. Brick by brick, you’ll build a powerful building full of contacts that can help keep you current and moving forward.Keep on top of trends in your field. Research the kinds of contacts you need to make, then put yourself in a room with them. Attend mixers and conferences. Get your business cards in circulation, and start accumulating a pile for yourself! Above all else, start figuring out who the top recruiters in your new field would be and begin reaching out to them on LinkedIn or other networking forums.4. Financial Wiggle RoomIt’s always good, when making a career change, to have a bit of wiggle room. A safety net, if you will. Just in case you need to take some time off work in the course of your career change. You might have to start lower on your new totem pole as well, and it’s best to be prepared to keep your current standard of living on an even keep through your transition. Step one: update your budget, finding ways to cut frivolous costs and make a plan to save more aggressively for the time being. Take on a side gig or two to build up your cushion. Having the money side sorted out will help take away some of the major stresses of the career change.5. TenacityAbove all else, your biggest secret weapon is a combination of patience and persistence. This can be a long and stressful process- much lon ger and more stressful than we usually budget for when making these initial decisions. Keep your spirits up, but keep in mind that you’ll have to work hard and be a bit gentle on yourself as you make your way from one career to the other. Stay focused and you’ll be sure to get there!

The Sociological Perspectives Essay Example | Topics and Well Written Essays - 500 words

The Sociological Perspectives - Essay Example The functionalist perspective views the world as a set of groups that coexist based on mutual need and cooperation. It is through this means that society is able to reach and maintain equilibrium. Durkheim, Comte, and Spencer pioneered this sociological perspective, but Robert Merton elaborated on the theory. He viewed societal consequences as being manifest, latent, and latent dysfunctional. Manifest functions are the positive and intended outcome of a group on society. Latent functions are the unintended consequences that help society maintain order. The latent dysfunctions are unintended negative results that continually upset and shape society. Our family was lower middle class and as such we filled the role of working in the factories and the mills. In return society provided us with adequate income and substantial opportunities. In doing so, our social class fulfilled its function and was rewarded by other groups in society through peaceful coexistence Karl Marx, the most well known conflict theorist, viewed the world as groups that were competing for the available resources. He generally defined conflict in terms of wealth and saw it as two classes; the bourgeoisie (capitalists) and the proletariat (workers).

UK Law-Succession Coursework Example | Topics and Well Written Essays - 1750 words

UK Law-Succession - Coursework Example However, circumstances exist whereby the requirement of a grant can be waivered. In the first place, where the value of the estate is worth  ?5,000 or less, secondly, where the value of the estate is greater than ?5,000 but has neither a house, shares nor any bank account, with more than ?5,000. Further, a grant of representation will not be necessary where all houses, bank accounts and other assets had been under joint tenancy. The estate in question in this case is one that is above the value of 5000 and an asset in form of a bank account worth ?7800 thus making a grant necessary and not susceptible to the first two exceptions. It should however be noted that part of the deceased estate viz a house worth ?400,000 was jointly co-owned with the surviving spouse Andrea, broaching out a significant legal implication. Thus the issue is whether or not a grant of representation necessary in this case. W Swadling, ‘Property: General Principles’ poses that where two co-owners of a property, if they co-owned a house under joint tenancy then the surviving co-owner shall take ownership of the deceased share automatically through jus accrescendi regardless of any will or rule of intestacy. As such the property co-owned may not be subject to any grant of representation. ... The question that arises therefore in relation to the rest of the estate is what type of grant is accruable to whom and what share of the estate ought to be provided for the representatives. There exist three types of grants viz, grant of probate, grant of letters of representation and grant of letters of representation with Will annexed. A grant of probate only applies when the deceased has left a valid will appointing one or more executors to perform duties regarding the estate as provided by the will. Only the appointed have the right to ‘prove’ the Will. In the current case, Peter died without a Will and therefore no appointed executors and thus no one among the persons with interest to the estate can apply for a grant of representation to probate. Similarly, a grant of representation annexed with a Will, requires first that the deceased ought to have died with a valid Will, having appointed an executor but that the executor is unable or unwilling to apply for the gr ant then an applicant may be granted. Thus the type of grant that is applicable in this case is that called ‘grant of letters of administration’. This is because the deceased died intestate. The persons (or would be administrators) entitled to this grant are commonly one or more of nearest relatives alive. It is important to note that any of these types of grants could be classified as either general or limited grants. There exist two extensive procedures on how to apply for probate or administration. First is by way of employing a solicitor to undertake the process on the person’s behalf. Secondly is by applying on one’s self via the Personal Applicants Section of the Probate Office, or one of the District Probate Registries. One can

Literature review Essay Example | Topics and Well Written Essays - 4000 words

Literature review - Essay Example Characteristic Expenditure in Australia average per night average per visitor Length of stay Main source market Age Martial status Travel party Repeat visitation On a travel package Share of accommodation nights Main courses studied Length of course Educational institution Formal $90 $16,000 170 nights 16% Chinese 9% Malaysians 8% Koreans 50% are 20-24 years 20% are 15-19 years 18% are 25-29 years 88% are single 86% traveled alone 59% were return visitors 7% package Rental accommodation (65%) Undergraduate degree (36%) English course ((20%) Post-graduate degree (19%) 58% studied a course with a duration of 1 year or more University (62%) Informal $65 $7000 95 nights 26% Malaysians 20% Indians 10% Koreans 31% are 20-24 years 20% are 35-44 years 19% are 25-29 years 68% are single 80% traveled alone 51% were return visitors 11% package Rental accommodation (42%) English course (36%) Work-related course (11%) On-the-job / Internal training (8%) 82% studied a course with a duration of less than 3 months English language institute (31%) Source: Tourism Research Australia International Visitor Survey 2007 (National Centre, 14) Surname 3 Importance of the Study Tourism Market Foreign education market is known as a significant and growing industry for Australian tourism. In 2006, around 350,000 foreign education visitors stayed for approximately 44 million nights in Australia. In 2007, it grew to almost 500,000 education visitors. Although consisting of just 6% of all international tourists, foreign education tourists contributed around 30% of visitor nights and almost 30% towards total spend in Australia (National Centre, 14). Over time, the international education industry has shown... Per survey results, approximately 500,000 foreign education visitors studied in Australia in 2007. Of these foreign education visitors, 75% were formal study toursits and 25% were informal study tourists. Altogether, foreign education tourists stayed in Australia for 86 million nights and were worth around $7B to the tourism industry in 2007. This sum has not included yet the spending of friends and relatives that visited these foreign education visitors (National Centre, 11-13). Within these previous studies, the characteristics of formal and non-formal foreign education tourists were quite diverse as was the nature of the studies they took. FIGURE 1: Summary of Formal and Informal Study Tourism Market 2007: Foreign education market is known as a significant and growing industry for Australian tourism. In 2006, around 350,000 foreign education visitors stayed for approximately 44 million nights in Australia. In 2007, it grew to almost 500,000 education visitors. Although consisting of just 6% of all international tourists, foreign education tourists contributed around 30% of visitor nights and almost 30% towards total spend in Australia (National Centre, 14). Over time, the international education industry has shown continuous progress. Between 2001 and 2007, the average rate of increase per year was 9%.

Light Vehicle Driveline System Faults

Light Vehicle Driveline System Faults The contents of a driveline system are clutch, transmission, shaft and wheel. It is an important part of a vehicle. Identifying and confirming the work requirement: the nature and objectives of the analysis and evaluation requirements are determined by the work instructions and reports used. Correct functioning of light vehicle driveline is accessed and interpreted. Throughout the work, equipments and social isolation requirements and personal protection needs are observed. Safety impacts of the work are responded according to the obligations and practices. There are also faults related to clutch, gear axle, wheel and it also has the remedies for it. Light Vehicle driveline system faults: Introduction: The contents of a driveline system are clutch, transmission, shaft, axle and wheel. It is an important part of a vehicle. It can be said as the controllable parts of the vehicle. The gear or the transmission is the system which boosts torque and power. The clutch is the system which controls the transmission if it runs out of control. The wheel is why the front tire rotates to the wish we want. If faults are found in these any parts, it must be inspected well and remedies must be taken immediately in order to prevent it from damages. Special remedies are mentioned below in some faults which can be rectified by a person if a little try is given. In several vehicles, problems may arise with the two system such as drive staffs and transmission system. The drivers are mostly concerned when transmission and driveline troubles arise. . However, it is very important to check out the causes before the replacement as it may be very expensive. The proper and systematic analysis and the evaluation of the right problem should be detected and then the actions for the repair must be undertaken. Main body Components of driveline system: Driveshaft: it is a component mechanically builds in order to transmit torque. It is generally used to connect components of a drive train which cannot be connected directly. It is so because of the distance. Clutch: This is a device which provides for the transmission of power from one module to another. The other module of the clutch is the brake. Clutch is used when the power of the transmission is to be controlled. It is employed with two rotating shafts. One shaft is attached to a power unit and the other provides output power. Gearbox: it is responsible in order to provide torque or speed to a device under gear ratio from arotating power source. In vehicles a gearbox is connected to the crankshaft of the engine. The output of the gearbox is transferred through driveshaft which in order rotates the wheel. Driving wheel: A turbine or a locomotiveà ¢Ã¢â€š ¬Ã¢â€ž ¢s pistons drive the driving wheel. It is made of side rods coupling rods. Generally one rod straightly driven by the main rod and it is connected at the end of the piston rod. It is via the side rods, power is transmitted to the others. Axle: It is a main shaft for a gear. The axle is fixed to the wheels which rotates with them or fixed to the surrounding. Before bearing and bushings are provided at the mounting points where the axle is provided and today it resides under the hole of the wheel. The shaft rotates with the wheel. Identifying and confirming the work requirement: the nature and objectives of the analysis and evaluation requirements are determined by the work instructions and reports used. Correct functioning of light vehicle driveline is accessed and interpreted. Throughout the work, equipments and social isolation requirements and personal protection needs are observed. Safety impacts of the work are responded according to the obligations and practices. Dianne Christensen-Herman, Transmission and driveline troubleshoot, January 2011 Prepare for analysis and examination: examination procedure is made to meet the motive of the work. Analyzed information on board diagnostic systems is used to identify system performance achievement. To select from the available quantity of choice, diagnostic process, sequence. Tests and testing equipments are made. Important tools and materials are found out in order to support the diagnostic process and are also prepared to use. The components required for the driveline system are prepared which include park-up, isolation and cleaning. Implementing the methodology: the diagnostic course is to be followed with authorized methods and directions. Testing equipments are applied according to the requirements. Various findings found are analyzed and verified by using various processes. The results of the findings are fully examined according to the criteria. Valid and meaningful conclusions are made out of the available findings. Selecting response measure: materials which can be used again are collected and stored for further use. The testing equipments are preserved and taken care of for further use and the waste materials which are not required are put aside or removed from the place of work. According to the workplace procedure, the area and the equipments are cleaned and also inspected. Failure analysis and evaluation criteria are determined in order to rectify the faults and to effect variation in system characteristic. Light vehicles include both two wheelers and four wheelers. Driveline system consists of components like clutch, torque converter, manual transmission, automatic transmission drive shaft and final shaft. Module parts replacement and parts replacement is covered by the diagnostic. Driveline system faults includes abnormal gear wear, abnormal clutch operation, contamination, hard shifting, loose mounting etc. Testing equipments: testing equipments consists of systems like compound level, pressure gauge, millimeters, tachometers, and computerized diagnostic system. Tests are needed to conduct. Various tests included are lubricant inspection, pressure, road testing, sensor integrity and function, solenoid operation, wiring and power control ECU integrity. Information and procedure: Procedures of the work place are to be regulated in order to use the tooling and equipment. Procedures are to be followed for reporting and communication. Component specifications are to be analyzed for testing equipment and material. The design rules ro be followed must be the Australian design. The regulation of the vehicle industry is to be evaluated and regulated. When a constant nature of excitation is transmitted from the engine, the torsion response at various points is to be remained the same under various trails. A variation from the baseline response data is observed due to various minor cracks developed along the driveline. Clutch fault finding: When the clutch cable is broken. When the adjustment in the clutch cable is found incorrect, it is a symptom of clutch faults. Another symptom is that of releasing bearing of a broken clutch Faults also contains such as wrong adjustment of the clutch cable. Excessive clutch silk lining, contaminated clutch disc lining, faulty pressure plate are some other faults Diagnose and Rectify Motor Vehicle And Transmission and Driveline System Faults Gear faults: Liquid leakage: in automotive transmission the color of the liquid is usually deep red. These fluids should not be confused with the main fuel which can easily be transferred to the transmission area via air. Removing the built up dirt is firstly necessary from the transmission area using steam cleaning. Burned smell: it occurs when the engine is turned on at neutral transmission and also when the vehicle moves in neutral format. Driving wheels fault: There can be loose steering gear adjustments. It is than required to be adjusted to its specifications. It can also happen due to steering gear mounting loosen and the remedy for it is tightening of steering gear bolts The steering may sometimes be felt hard to be rotated especially it is observed in power steering and the reason behind is may be due to low tire pressure. Sometimes the wheel bearing may also be loose which must be replaced with the new ones. Drive shaft faults: Worn u-joints slip joint wear, or a faulty center support bearing are mostly the reasons for the noise found in drive shaft. Also grinding from the driveshaft may be caused by worn universal joints. The joint ends up being dry, causing the rollers to wear. Axle fault: It includes improper pinion bearing It also includes excessive gear tooth backlash variation Another fault is the pitch lineout run out And also cocked pinion bearing is a major fault. Homer Rahnejat, Steve Rothberg, multi-body dynamics-monitoring and stimulation techniques. Conclusion: In this projects highlight is made on the different light vehicle driveline system. It projects on how faults may occur and also what are those faults. For some of the unknown faults remedies are suggested. But still instead of trying hard and getting the matter more complicated, a thorough examination or inspection of the vehicleà ¢Ã¢â€š ¬Ã¢â€ž ¢s driveline system may help to sort out the problems more easily. A vehicle driveline system faults comprises of the drive shaft and transmission system. Several vehicle problems may take up due these systems and the early detection is very important to avoid heavy expenses. Check the transmission fluid with the help of dipstick. If the insufficient fluid in the transmission is observed, there is a probability of the leak. Determination of the cause is important before making the repair. If the vehicle is making noise while driving, this will indicate that the vehicle is running on low fuel level or dirty transmission fluid or may be clogged. The transmission filter should be changed.

The Great Gatsby : The American Dream :: essays research papers

The Great Gatsby and the 'American Dream' In Francis Scott Fitzgerald’s The Great Gatsby the concept of the 'American Dream' appears in two ways. On the one hand Fitzgerald's view and imagination of the American Dream and on the other and, within the plot, Gatsby as the 'possible' personified American Dream come true.

Finance Midterm

FINA300 Fall 2011 Benedictine University 100 points Name: ___________________________________________________ 1) Which of the following statements is CORRECT? a. The New York Stock Exchange is an auction market, and it has a physical location. b. Home mortgage loans are traded in the money market. c. If an investor sells shares of stock through a broker, then it would be a primary market transaction. d. Capital markets deal only with common stocks and other equity securities. e. While the distinctions are blurring, investment banks generally specialize in lending money, whereas commercial banks generally help companies raise capital from other parties. (2) Which of the following statements is CORRECT? a. A hostile takeover is the main method of transferring ownership interest in a corporation. b. A corporation is a legal entity created by a state, and it has a life and existence that is separate from the lives and existence of its owners and managers. c. Unlimited liability and limited life are two key advantages of the corporate form over other forms of business organization. . Limited liability is an advantage of the corporate form of organization to its owners (stockholders), but corporations have more trouble raising money in financial markets because of the complexity of this form of organization. e. Although the stockholders of the corporation are insulated by limited legal liability, the legal status of the corporation does not protect the firmâ€℠¢s managers in the same way, i. e. , bondholders can sue its managers if the firm defaults on its debt. 3) The retained earnings account on the balance sheet does not represent cash. Rather, it represents part of the stockholders' claim against the firm's existing assets. Put another way retained earnings are stockholders' reinvested earnings. a. True b. False (4) In finance, we are generally more interested in cash flows than in accounting profits. Free cash flow (FCF) is calculated as after-tax operating income plus depreciation less the sum of capital expenditures and changes in net working capital. a. True b. False 5) Other things held constant, which of the following actions would increase the amount of cash on a company’s balance sheet? a. The company repurchases common stock. b. The company pays a dividend. c. The company issues new common stock. d. The company gives customers more time to pay their bills. e. The company purchases a new piece of equipment 6) Ryngard Corp's sales last year were $38,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)? a. 2. 04 b. 2. 14 c. 2. 26 d. 2. 38 e. 2. 49 7) A new firm is developing its business plan. It will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. Management is reasonably sure of these numbers because of contracts with its customers and suppliers. It can borrow at a rate of 7. 5%, but the bank requires it to have a TIE of at least 4. 0, and if the TIE falls below this level the bank will call in the loan and the firm will go bankrupt. What is the maximum debt ratio the firm can use? (Hint: Find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio. ) a. 41. 94% b. 44. 15% c. 46. 47% d. 48. 92% e. 51. 49% 8) Which of the following could explain why a business might choose to operate as a corporation rather than as a sole proprietorship or a partnership? a. Corporations generally face fewer regulations. b. Less of a corporation’s income is generally subject to federal taxes. c. Corporate shareholders are exposed to unlimited liability, but this factor is offset by the tax advantages of incorporation. d. Corporate investors are exposed to unlimited liability. e. Corporations generally find it easier to raise large amounts of capital. (9) You recently sold 200 shares of Disney stock, and the transfer was made through a broker. This is an example of: a. A money market transaction. b. A primary market transaction. c. A secondary market transaction. d. A futures market transaction. e. An over-the-counter market transaction 10) Below are the 2007 and 2008 year-end balance sheets for Tran Enterprises: Assets:20082007 Cash$ 200,000$ 170,000 Accounts receivable864,000700,000 Inventories 2,000,000 1,400,000 Total current assets$3,064,000$2,270,000 Net fixed assets 6,000,000 5,600,000 Total assets$9,064,000$7,870,000 Liabilities and equity: Accounts payable$1,400,000$1,090,000 Notes payable 1,600,000 1,800,000 Total current liabilities$3,000,000$2,890,000 Long-term debt 2,400,000 2,400,000 Common stock 3,000,000 2,000,000 Retained earnings 664,000 580,000 Total common equity$3,664,000$2,580,000 Total liabilities and equity$9,064,000$7,870,000 The firm has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year, non-callable, long-term debt in 2007. As of the end of 2008, none of the principal on this debt had been repaid. Assume that the company’s sales in 2007 and 2008 were the same. Which of the following statements must be CORRECT? a. The firm increased its short-term bank debt in 2008. b. The firm issued long-term debt in 2008. . The firm issued new common stock in 2008. d. The firm repurchased some common stock in 2008. e. The firm had negative net income in 2008. (11) Chang Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $595,000, and its net income was $25,000. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15. 0%. What profit margin would the firm need in order to achieve the 15% ROE, holding everything else constant? a. 9. 45% b. . 93% c. 10. 42% d. 10. 94% e. 11. 49% 11) Which of the following statements is CORRECT? a. Most rapidly growing companies have positive free cash flows because cash flows from existing operations generally exceed fixed asset purchases and changes to net working capital. b. Changes in working capital have no effect on free cash flow. c. Free cash flow (FCF) is defined as follows: FCF =EBIT(1 – T) + Depreciation – Capital expenditures required to sustain operations – Required changes in net working capital. d. Free cash flow (FCF) is defined as follows: FCF = EBIT(1 – T) + Capital expenditures. e. Managers should be less concerned with free cash flow than with accounting net income. Accounting net income is the â€Å"bottom line† and represents how much the firm can distribute to all its investors- both creditors and stockholders. (12) Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's total-debt-to-total-assets ratio was 45. 0%. Based on the DuPont equation, what was the ROE? a. 13. 82% b. 14. 51% c. 15. 23% d. 16. 00% e. 16. 80%

Final Exam Ec315

PART I. HYPOTHESIS TESTING PROBLEM 1 A certain brand of fluorescent light tube was advertised as having an effective life span before burning out of 4000 hours. A random sample of 84 bulbs was burned out with a mean illumination life span of 1870 hours and with a sample standard deviation of 90 hours. Construct a 95 confidence interval based on this sample and be sure to interpret this interval. Answer Since population standard deviation is unknown, t distribution can be used construct the confidence interval. ? The 95% confidence interval is given by ? X ? t? / 2,n ? 1 ? S S? , X ? ? /2,n ? 1 ? n n? Details Confidence Interval Estimate for the Mean Data Sample Standard Deviation Sample Mean Sample Size Confidence Level 90 1870 84 95% Intermediate Calculations Standard Error of the Mean 9. 819805061 Degrees of Freedom 83 t Value 1. 988959743 Interval Half Width 19. 53119695 Confidence Interval Interval Lower Limit 1850. 47 Interval Upper Limit 1889. 53 2 PROBLEM 2 Given the following data from two independent data sets, conduct a one -tail hypothesis test to determine if the means are statistically equal using alpha=0. 05. Do NOT do a confidence interval. 1 = 35 n2 = 30 xbar1= 32 xbar2 = 25 s1=7 s2 = 6 Answer H0:Â µ1=Â µ2 H1: Â µ1>Â µ2 Test statistics used is t ? X1 ? X 2 S 2 (n1 ? 1) S12 ? (n2 ? 1) S2 n1n2 ~ tn1 ? n1 ? 2 where S ? n1 ? n2 ? 2 n1 ? n2 Decision rule : Reject the null hypothesis, if the calculated value of test statistic is greater than the critical value. Details t Test for Differences in Two Means Data Hypothesized Difference Level of Significance Population 1 Sample Sample Size Sample Mean Sample Standard Deviation Population 2 Sample Sample Size Sample Mean Sample Standard Deviation 0 0. 05 35 32 7 30 25 6Intermediate Calculations Population 1 Sample Degrees of Freedom 34 Population 2 Sample Degrees of Freedom 29 Total Degrees of Freedom 63 Pooled Variance 43. 01587 Difference in Sample Means 7 t Test Statistic 4. 289648 Upper-Tail Test U pper Critical Value p-Value Reject the null hypothesis 1. 669402 3. 14E-05 Conclusion: Reject the null hypothesis. The sample provides enough evidence to support the claim that means are different. 3 PROBLEM 3. A test was conducted to determine whether gender of a display model af fected the likelihood that consumers would prefer a new product.A survey of consumers at a trade show which used a female spokesperson determined that 120 of 300 customers preferred the product while 92 of 280 customers preferred the product when it was shown by a female spokesperson. Do the samples provide sufficient evidence to indicate that the gender of the salesperson affect the likelihood of the product being favorably regarded by consumers? Evaluate with a two-tail, alpha =. 01 test. Do NOT do a confidence interval. Answer H0: There no significant gender wise difference in the proportion customers who preferred the product.H1: There significant gender wise difference in the proportion customers who preferred the product. P ? P2 n p ? n p 1 The test Statistic used is Z test Z ? where p= 1 1 2 2 n1 ? n2 ?1 1? P(1 ? P) ? ? ? ? n1 n2 ? Decision rule : Reject the null hypothesis, if the calculated value of test statistic is greater than the critical value. Details Z Test for Differences in Two Proportions Data Hypothesized Difference Level of Significance Group 1 Number of Successes Sample Size Group 2 Number of Successes Sample Size 0 0. 01 Male 120 300 Female 92 80 Intermediate Calculations Group 1 Proportion 0. 4 Group 2 Proportion 0. 328571429 Difference in Two Proportions 0. 071428571 Average Proportion 0. 365517241 Z Test Statistic 1. 784981685 Two-Tail Test Lower Critical Value -2. 575829304 Upper Critical Value 2. 575829304 p-Value 0. 074264288 Do not reject the null hypothesis Conclusion: Fails to reject the null hypothesis. The sample does not provide enough evidence to support the claim that there significant gender wise difference in the proportion customers who preferr ed the product. 4PROBLEM 4 Assuming that the population variances are equal for Male and Female GPA’s, test the following sample data to see if Male and Female PhD candidate GPA’s (Means) are equal. Conduct a two-tail hypothesis test at ? =. 01 to determine whether the sample means are different. Do NOT do a confidence interval. Male GPA’s Female GPA’s Sample Size 12 13 Sample Mean 2. 8 4. 95 Sample Standard Dev .25 .8 Answer H0: There is no significant difference in the mean GPA of males and Females H1: There is significant difference in the mean GPA of males and Females. Test Statistic used is independent sample t test. ? X1 ? X 2 S 2 (n1 ? 1) S12 ? (n2 ? 1) S2 n1n2 ~ tn1 ? n1 ? 2 where S ? n1 ? n2 ? 2 n1 ? n2 Decision rule: Reject the null hypotheses, if the calculated value of test statistic is greater than the critical value. Details t Test for Differences in Two Means Data Hypothesized Difference Level of Significance Population 1 Sample Sample Size Sample Mean Sample Standard Deviation Population 2 Sample Sample Size Sample Mean Sample Standard Deviation Intermediate Calculations Population 1 Sample Degrees of Freedom Population 2 Sample Degrees of Freedom Total Degrees of Freedom Pooled Variance 0. 05 12 2. 8 0. 25 13 4. 95 0. 8 11 12 23 0. 363804 5 Difference in Sample Means t Test Statistic -2. 15 -8. 90424 Two-Tail Test Lower Critical Value Upper Critical Value p-Value Reject the null hypothesis -2. 80734 2. 807336 0. 0000 Conclusion: Reject the null hypotheses. The sample provides enough evidence to support the claim that there is significant difference in the mean GP A score among the males and females. 6 PART II REGRESSION ANALYSIS Problem 5 You wish to run the regression model (less Intercept and coefficients) shown below: VOTE = URBAN + INCOME + EDUCATEGiven the Excel spreadsheet below for annual data from1970 to 2006 (with the data for row 5 thru row 35 not shown), complete all necessary entries in the Excel Regress ion Window shown below the data. 1 2 3 4 A YEAR 1970 1971 1972 B VOTE C URBAN D INCOME E EDUCATE 49. 0 58. 3 45. 2 62. 0 65. 2 75. 0 7488 7635 7879 4. 3 8. 3 4. 5 36 37 38 2004 2005 2006 50. 1 92. 1 94. 0 95. 6 15321 15643 16001 4. 9 4. 7 5. 1 67. 7 54. 2 Regression Input OK Input Y Range: A1:A38 Input X Range: B1:E38 Cancel Help ? Labels Confidence Level: x X X Output options X Constant is Zero 95 % Output Range: New Worksheet Ply:New W orkbook Residuals Residuals Residual Plots Standardized Residuals Line Fit Plots Normal Probabilit y Normal Probability Plots 7 PROBLEM 6. Use the following regression output to determine the following: A real estate investor has devised a model to estimate home prices in a new suburban development. Data for a random sample of 100 homes were gathered on the selling price of the home ($ thousands), the home size (square feet), the lot size (thousands of square feet), and the number of bedrooms. The following multiple regression output was generated: Regression Statistics Multiple R 0. 8647 R Square . 7222 Adjusted R Square 0. 6888 Standard Error 16. 0389 Observations 100 Intercept X1 (Square Feet) X2 (Lot Size) X3 (Bedrooms) Coefficients -24. 888 0. 2323 11. 2589 15. 2356 Standard Error 38. 3735 0. 0184 1. 7120 6. 8905 t Stat -0. 7021 9. 3122 4. 3256 3. 2158 P-value 0. 2154 0. 0000 0. 0001 0. 1589 a. Why is the coefficient for BEDROOMS a positive number? The selling price increase when the number of rooms increases. Thus the relationship is positive. b. Which is the most statistically significant variable? What evidence shows this? Most statistically significant variable is one with least p value.Here most statistically significant variable is Square feet. c. Which is the least statistically significant variable? What evidence shows this? Least statistically significant variable is one with high p value. Here least statistically significant variable is bedrooms d. For a 0. 05 level of significance, should any variable be droppe d from this model? Why or why not? The variable bed rooms can be dropped from the model as the p value is greater than 0. 05. e. Interpret the value of R squared? How does this value from the adjusted R squared? The R2 gives the model adequacy. Here R2 suggest that 72. 22% variability can e explained by the model. Adjusted R2 is a modification of R2 that adjusts for the number of explanatory terms in a model. Unlike R2, the adjusted R2 increases only if the new term improves the model more than would be expected by chance. f. Predict the sales price of a 1134-square-foot home with a lot size of 15,400 square feet and 2 bedrooms. Selling Price =-24. 888+0. 02323*1134+11. 2589*15400+15. 2356*2=173419 8 PART III SPECIFIC KNOWLEDGE SHORT-ANSWER QUESTIONS. Problem 7 Define Autocorrelation in the following terms: a. In what type of regression is it likely to occur? Regressions involving time series data . What is bad about autocorrelation in a regression? The standard error of the estimat es will high. c. What method is used to determine if it exists? (Think of statistical test to be used) Durbin Watson Statistic is used determine auto correlation in a regression. d. If found in a regression how is it eliminated? Appropriate transformations can be adopted to eliminate auto correlation. Problem 8 Define Multicollinearity in the following terms: a) In what type of regression is it likely to occur? Multicollinearity occurs in multiple regressions when two or more independent variables are highly correlated. ) Why is multicollinearity in a regression a difficulty to be resolved? Multicollinearity in Regression Models is an unacceptably high level of intercorrelation among the independents, such that the effects of the independents cannot be separated. Under multicollinearity, estimates are unbiased but assessments of the relative strength of the explanatory variables and their joint effect are unreliable. c) How can multicollinearity be determined in a regression? Multic ollinearity refers to excessive correlation of the predictor variables. When correlation is excessive (some use the rule of thumb of r > 0. 90), tandard errors of the b and beta coefficients become large, making it difficult or impossible to assess the relative importance of the predictor variables. The measures Tolerance and VIF are commonly used to measure multicollinearity. Tolerance is 1 – R2 for the regression of that independent variable on all the other independents, ignoring the dependent. There will be as many tolerance coefficients as there are independents. The higher the inter-correlation of the independents, the more the tolerance will approach zero. As a rule of thumb, if tolerance is less than . 20, a problem with multicollinearity is indicated.When tolerance is close to 0 there is high multicollinearity of that variable with other independents and the b and beta coefficients will be unstable. The more the multicollinearity, the lower the tolerance, the more th e standard error of the regression coefficients. d) If multicollinearity is found in a regression, how is it eliminated? Multicollinearity occurs because two (or more) variables are related – they measure essentially the same thing. If one of the variables doesn’t seem logically essential to your model, removing it may reduce or eliminate multicollinearity.

The Count of Monte Cristo essays

The Count of Monte Cristo essays The theme of The Count of Monte Cristo, is one of vengeance, forgiveness, and power. The Count of Monte Cristo, is a story of revenge, and forgiveness all in one. This is a story of extreme revenge. The main Character Dante goes to great lengths so that he can avenge his enemies. He realizes at the end that forgiveness is the answer, and that revenge just causes tragedy. Dante is the character that embodies revenge and will change his beliefs many times. Vengeance is the overpowering theme of The Count of Monte Cristo. The story starts out with a young man Dante, he is a naive man that is in love. His life is going great until his friends betray him. He is wrongfully imprisoned for having contact with Napoleon Bonaparte. He is then taken to the Chateau dlf, a prison on an island. Dante spends 14 years there, in this time he meets Abbe Faria, who is a major influence on Dante. Abbe is the man that explains to Dante how he was imprisoned. After he tells Dante this he realizes that he has made a mistake, because now Dante wants revenge. Faria says I regret now, said he, having helped you in your late inquiries, or having given you the information I did. Why so? inquired Dants. Because it has instilled a new passion in your heart-that of vengeance. (pg. ) From this moment on Dante is starting to change from a carefree loving man to man filled with anger and vengeance. Faria was a priest and is very good at predicting human nature, al though Dante is not consumed with anger and vengeance yet he predicts that he will be. Faria helps Dante by telling him about the treasure that is hidden on an island from the Spada family. He also tells Dante how to escape. When Faria dies, Dante escapes when they throw the body sack into the sea. He then goes to look for the treasure that Faria has told him about. He realizes that with the treasure he can be a very powerful man a...

IPad's Security Breach Assignment Example | Topics and Well Written Essays - 1500 words

IPad's Security Breach - Assignment Example Nonetheless, data associated with online e-commerce transactions and credit cards was available on the data servers that but not linked to the website. Similarly, many applicants have applied for recent job openings at the studio, their resumes were also stolen, revealing educational background, home address and contact numbers. However, the organization claimed that only email addresses are stolen. The companies accounted that only email addresses are stolen. However, the organization declared that the security of the website was most updated. The concerned personnel of the organization stated, â€Å"We take the security of our websites extremely seriously and employ strict measures, which we test regularly, to guard against this sort of incident† (Square enix: 25,000 email addresses taken in deus ex website hack). The statement given by the concerned personnel of the organization was not credible as the security breach clearly demonstrated loopholes in their security archite cture. One more incident related to website hacking took place in which some particular areas of the website were breached. The name of the website was daily Telegraph. It was hacked by Romanian hackers. Moreover, the areas that were hacked includes pages named as ‘Short Breaks’ and ‘Wine and Dine’ correspondingly. The methodology and technology that was used to attack the site was not found. A researcher named as Chris Boyd illustrated description of the pages that were hacked. The contents of the page were â€Å"sick of seeing garbage like this †¦ calling us Romanians gypsies† (Daily telegraph website hacked by aggrieved romanians). The survey concluded and justified the real world factors related to website hacking as it has its own place in the field of hacking. In order to protect websites from vulnerabilities and threats, security measures are required. Moreover, websites providing e-commerce services are even more vulnerable and require m ost updated security controls in place. 2 Ethics Statement Hacking is related to explore a security flaw that has not been addresses before. Generally, information security professionals take hacking as a concept of stealing and destroying data or any incident related to criminal activities. However, hacking illustrates brilliance of an individual to demonstrate his knowledge on the network domain as well as on the application domain. All the critical inventions associated with information security are evaluated due to hacking attacks (Introduction to computer ethics). One part of accepting hacking as a good cause is to strengthen the security architecture, but on the other hand, hacking has the capacity to facilitate individuals to steal highly confidential information from servers located in organization as well as stealing funds by credit cards and bank account. Hacking ethics are important for an organization to address. As Stephen Levy from the MIT department and Stanford, illu strated factors related to ethical hacking, which are as follows (Introduction to computer ethics): ‘Administrative access’ must be granted to every network resource, computing device and nodes. There will be no restrictions for accessing any kind of information from or within the network along with free of cost. There will be no ‘file access security’ framework and full privileges must be given for accessing centralized

EVIDENCE FOR ASSESSMENT Essay Example | Topics and Well Written Essays - 1000 words

EVIDENCE FOR ASSESSMENT - Essay Example This leaves six months to address sourcing issues and manage transportation from the manufacturers. However it should be kept in mind that the place will be rented and is ready but being in London metropolitan, it is extremely expensive greatly adding to management costs. Sourcing Fashion is a fast, complex and tricky issue. Supply of quality products which are up-to-the-minute in fashion and also affordable is the demand for success in the fashion world. There are four main stages of the supply chain which include designing, manufacturing, distribution and selling. (Leeman, 2010). Since manufacturing the garment requires many additional resources, it is common practice of most brands to outsource the garment manufacturing process and same is intended for my boutique. The store will follow a variable range plan like market greats Zara and H&M. There will be a range of garments but they will be broadly divided into two basic types, the timeless staple garments and the ever changing fa shionable wear. Different supplier and manufacturer decisions will have to be made about these two types of ranges. The basic, staple and timeless range will have a longer lead time and since it will not evolve very fast the time factor is not very important. What is important however is its cost competency and it will be highly beneficial if it is sold at a lower price than that of competitors. Therefore suppliers will be found in distant Asian and African countries where energy and labor is cheap and therefore cost effectiveness can be achieved. The country that is chosen for sourcing the manufacture of wardrobe staples like tank tops, leather jackets, denim and tights is China. Most of them are normally manufactured and sold in basic colours so emphasis on details of colour and design will not be an issue. The fashion forward range is aimed at trendier customers. Timeliness is of great essence there as it has to cater to those customers who change their wardrobes at every change in fashion trends. For these products, factories and suppliers should be located near the stores and therefore factories in Europe would be outsourced the manufacture. Since the factories will be near the design centre in London, designers can be extremely particular about the designs as is required by customers. As these factories are near, the transportation and distribution time is greatly reduced and timely delivery to stores is made possible. There will also be a third couture line of products which will be custom made, limited edition products which will be place very high on the price range. For these products, a small design and manufacturing space will be required which will be located in London suburbs preferably at the place where designing is taking place. This signature couture line is expected to add to the core competency of the boutique and timely delivery will be ensured because of close proximity. Since cost is not an issue for this line, therefore the raw material will be sourced from the best suppliers in London only. For this boutique the designing is