Assignment 

Suppose that there are two (2) candidates (i.e., Jones and Johns) in the upcoming presidential election. Sara notes that she has discussed the presidential election candidates with 15 friends, and 10 said that they are voting for candidate Jones.

Sara is therefore convinced that candidate Jones will win the election because Jones gets more than 50% of votes.

Answer the following questions in the space provided below:

1. Based on what you now know about statistical inference, is Sara's conclusion a logical conclusion? Why or why not?

2. How many friend samples Sara should have in order to draw the conclusion with 95% confidence interval? Why?

3. How would you explain your conclusion to Sara without using any statistical jargon? Why?

Assignment : Chapter 12

Directions: Answer the following questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link above.

In your own words, complete the Mini-Case on Page 562 of your textbook.

Suppose you decide (as did Steve Jobs and Mark Zuckerberg) to start a company. Your product is a software platform that integrates a wide range of media devices, including laptop computers, desktop computers, digital video recorders, and cell phones. Your initial market is the student body at your university.

Once you have established your company and set up procedures for operating it, you plan to expand to other colleges in the area and eventually to go nationwide.

At some point, hopefully sooner rather than later, you plan to go public with an IPO and then to buy a yacht and take off for the South Pacific to indulge in your passion for underwater photography. With these issues in mind, you need to answer for yourself, and potential investors, the following questions.

a. What is an agency relationship? When you first begin operations, assuming you are the only employee and only your money is invested in the business, would any agency conflicts exist? Explain your answer

b. If you expanded and hired additional people to help you, might that give rise to agency problems?

c. Suppose you need additional capital to expand and you sell some stock to outside investors. If you maintain enough stock to control the company, what type of agency conflict might occur?

d. Suppose your company raises funds from outside lenders. What type of agency costs might occur? How might lenders mitigate the agency costs?

e. Suppose your company is very successful and you cash out most of your stock and turn the company over to an elected board of directors. Neither you nor any other stockholders own a controlling interest (this is the situation at most public companies). List six potential managerial behaviors that can harm a firm's value.

f. What is corporate governance? List five corporate governance provisions that are internal to a firm and are under its control.

g. What characteristics of the board of directors usually lead to effective corporate governance?

h. List three provisions in the corporate charter that affect takeovers.

i. Briefly describe the use of stock options in a compensation plan. What are some potential problems with stock options as a form of compensation?

j. What is block ownership? How does it affect corporate governance?

k. Briefly explain how regulatory agencies and legal systems affect corporate governance.

• Use the Internet or Strayer Library to research articles on hypothesis test and its application in business. Select one (1) company or organization which utilized hypothesis test technique for its business process (e.g., whether or not providing flexible work hours improve employee productivity.) Give your opinion as to whether or not the utilization of such a technique improved business process for the selected company or organization. Justify your response.

• Provide a rationale as to why the three (3) aforementioned concepts or skills are important to someone in the field of business statistics.