A farmer purchases a 5 year insurance policy that covers crop destruction due to hail. Over the 5 year period, the farmer will receive a benefit of 20 for each year in which hail destroys his crop, subject to a maximum of 3 benefit payments. The probability that hail will destroy the farmer’s crop in any given year is 0.5, independent of any other year.

A farmer purchases a 5 year insurance policy that covers crop destruction due to hail.  Over the 5 year period, the farmer will receive a benefit of 20 for each year in which hail destroys his crop, subject to a maximum of 3 benefit payments.  The probability that hail will destroy the farmer’s crop in any given year is 0.5, independent of any other year.  

Calculate the expected benefit that the farmer will receive over a 5 year period.  

 

Accountancy Assignment

Post your response to the following: Megagrocer is a grocery chain that operates five stores. The stores are supplied with produce, meat, dairy, and dry goods by six separate vendors. In addition to the stores, Megagrocer maintains an ecommerce site through which customers can order and pay for groceries. The groceries are packed and delivered to customers from one of the five stores in a Megagrocer van by that store’s personnel. Think about the accounting information systems that Megagrocer might use.

O What types of source documents might be collected by Megagrocer to be processed by its accounting information systems?

 

O Why is those documents important?

 

For your SLP, go to the TUI CYBER LIBRARY find an article or that discusses 20th Century “youth movement, “youth rebellion,” or the youth revolution; all are terms to designate changes in the role of young people in the modern era. Historians tell us that “youth rebellions’ were most pronounced in the decade of the 1920s and the 1960s.

For your SLP, go to the TUI CYBER LIBRARY find an article or that discusses 20th Century “youth movement, “youth rebellion,” or the youth revolution; all are terms to designate changes in the role of young people in the modern era.  Historians tell us that “youth rebellions’ were most pronounced in the decade of the 1920s and the 1960s.  When you find information of interest to you, submit answers the following questions:

1.    Why were youth rebelling in that period, e.g., wars, cultural restrictions, etc.?     

2.    How was the rebellion manifested, e.g., riots, radical political action, drugs or alcohol, violation of society’s sexual mores, etc.

3.    What role did science or technology play in alienation of young people during the period?

 

Advertisers are targeting the youth market more and more these days. The thirteen to eighteen age bracket is perhaps the most coveted group for marketers today. Take a look at the article below in ProQuest and do some of your own research.

Advertisers are targeting the youth market more and more these days.  The thirteen to eighteen age bracket is perhaps the most coveted group for marketers today.  Take a look at the article below in ProQuest and do some of your own research.  Then write a three to five page paper answering the following question:

Why have advertisers increased their focus on younger age brackets during the last 100 years?

Governments are sometimes the most enthusiastic users of mass communications, often using mass communication for propaganda purposes.

Governments are sometimes the most enthusiastic users of mass communications, often using mass communication for propaganda purposes.  

Read the article below and do some of your own research through Proquest and Internet search engines.  Then write a three to five page paper answering the following question:

Do you agree that propaganda “has had an essential, and not always dishonorable, role in the conduct of affairs in the 20th century”?

The Edsel was Ford Motor Company’s most famous marketing failure. Named after Henry Ford’s son, this car was introduced with great fanfare but failed to sell.

The Edsel was Ford Motor Company’s most famous marketing failure.  Named after Henry Ford’s son, this car was introduced with great fanfare but failed to sell.  

Then write a three to five page paper answering the following two questions:

1. What do you think the single biggest reason was that the Edsel failed to sell well?

2. If you were in charge of marketing for Ford at the time, what would you have done differently about the Edsel?

 

Take a look at A Summary of the Causes of World War II. After looking through this page and other research from the Internet and the Cyber-library, write a three to five page paper answering the following question:

Take a look at A Summary of the Causes of World War II.  After looking through this page and other research from the Internet and the Cyber-library, write a three to five page paper answering the following question:

What do you think was the most crucial and important cause of World War II?

Although the “First” and “Second” Industrial Revolutions led to many important advances in technology and science, there were glaring unfortunate side effects, for example, exploitation of labor for the benefit of owners of industry. The problem was most extreme in England where children and women were commonly employed in mines and textile factories.

Although the “First” and “Second” Industrial Revolutions led to many important advances in technology and science, there were glaring unfortunate side effects, for example, exploitation of labor for the benefit of owners of industry.  The problem was most extreme in England where children and women were commonly employed in mines and textile factories.   

Throughout  the 19th Century, numerous Royal Commissions  (similar to investigative committees of the U.S. Congress) were established by the House of Commons or the House of Lords to investigate labor conditions and propose legislation to protect the health and welfare of workers, particularly women and children.  These investigations led to many changes in labor, health and welfare conditions common to most industrial nations in the late 20th Century. 

Click on labor conditions to learn more about conditions in the factories and mines of England.  After reviewing the several links discussing labor conditions and the use of child labor, write a two to three page paper answering the following questions:

1.    Why was there such widespread use of  children in the mines and factories?

2.    What affect did investigations of child labor have on industry?

3.    What labor reforms came out of these investigations?

With a yearly rate of 3 percent, prices are described as P = P0 (1.03)t, where P0 is the price in dollars when t = 0 and t is time in years. If P0 is 1.2, how fast are prices rising when t = 15?

1. With a yearly rate of 3 percent, prices are described as P = P₀ (1.03)^t, where P₀ is the price in dollars when t = 0 and t is time in years. If P₀ is 1.2, how fast are prices rising when t = 15?
2. The value of a car is falling 10 percent per year so that if C₀ is the purchase price of car in dollars, its value after t years is given by V(t) = C₀(0.9)^t. At what rate is its value falling when it is driven out of the showroom? How fast is the car depreciation after year 1?
3. The quantity, q, of a certain skateboard sold depends on the selling price, p, in dollars, so we write q = f(p). You are given that f(140) = 15000 and f’(140) = -100.
   • What do f(140) = 15000 and f’(140) = -100 tell you about the sales of skateboards?
   • The total revenue, R, earned by the sale of skateboards is given by R = pq. Find dR / dp | _{p = 140}
   • What is the sign of dR / dp | _{p = 140}? If the skateboards are currently selling for $140, what happens to revenue if the price is increased to $141?

 

Design a 95 percent confidence interval for the proportion of defectives in a large lot, if a sample of 200 showed 12 defectives.

Question 1

 

Design a 95 percent confidence interval for the proportion of defectives in a large lot, if a sample of 200 showed 12 defectives.

 

 

 

 

Question 2

 

The prices of 23” TV sets sampled by a consumer guide were as follows: $400, $600, $550, $450, $700, $500, and $650. Build a 98 percent confidence interval for the mean.

 

 

 

 

Question 3

 

You wish to estimate with 95 percent confidence the proportion of families that own two cars.

a)       How large a sample do you need if you allow an error of up to 2 percent in each direction?

 

b)       What will be the sample size if your prior estimate for p was 0.7?

 

 

 

Question 4

 

A sample of 400 people getting a tax refund showed the mean to be $900 and standard deviation to be $200.

a)       Design a 99 percent confidence interval.

 

b)       How large a sample do you need if you want the error to be no more than $10?

 

Question 5

 

The weight of bags “checked in” is normal, with a mean of 30 pounds and a standard deviation of 9 pounds.

a)       What is the probability that a randomly selected bag will weigh more than 48 pounds?

 

b)       What is the probability that the total weight of 4 bags will be more than 192 pounds?

 

c)       Find the probability that a sample of 81 bags will average more than 32 pounds.

 

d)       If a sample of 36 bags showed the mean to be 33 pounds, can you conclude that the average weight has changed? (use alpha = 0.05)

 

 

 

 

 

 

Question 6

 

 Test the hypothesis that more than 60 percent of the U.S. senators (of a total 100 senators) favor the president’s economic plan, if a sample of 40 showed that 22 favor the plan (use alpha = .05).

 

 

 

 

Question 7

 

The salaries of five employees at XYZ Brokerage are $30,000, $50,000, $60,000, $70,000, and $90,000. The industry salaries are normal, with a mean of $55,000 and standard deviation of $8,000. Can you conclude with a 5 percent level of significance that the salaries of workers in XYZ Brokerage are higher than that for the industry?

 

 

 

 

Question 8

 

The number of accounts handled by a new company over the last six years has been 80,000, 140,000, 90,000, 110,000, 140,000, and 100,000, respectively. Forecast for the seventh period using linear regression. Find R-squared and note if your model is good or not.