4.
For each of the following studies using difference scores, test the significance using a ttest for dependent means.
Number of Difference Scores in Sample Mean of Difference Scores in Sample Estimated Population Variance of Difference Scores Tails Significance Level
(a) 20 1.7 8.29 1 (high predicted) .05
(b) 164 2.3 414.53 2 .05
(c) 15 –2.2 4.00 1 (low predicted) .01
Mojave Manufacturing Company (MMC) is considering the introduction of a new product. Before deciding, they would like you to do a risk analysis of the situation to assess whether the introduction of the new product is a good idea for the company. The (annual) fixed cost to begin production of the new product is $32,000. The variable cost for the product is uniformly distributed between $15 and $25 per unit. The product will sell for $50 per unit. Annual demand for the product is best described by a normal distribution with a mean of 1300 units and a standard deviation of 375 units. (Assume they produce exactly enough units to meet the annual demand.)
a. Develop an @RISK simulation model and run it for 1,000 iterations.
b. According to your simulation results what is the expected annual profit?
c. According to the simulation results what is the probability of making a loss on this new product?
d. Would you recommend MMC introduce this new product? Defend your decision using the simulation output data.
e. How many iterations would you need to estimate expected annual profit for this new product within $50 for a 95 percent confidence level?
Cuban Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Mark Cuban, the president and owner of Cuban Investors, believes it can be sold for $160,000. The current property owner asked for bids and stated that the property will be sold for the highest bid in excess of $100,000. Two competitors will be submitting bids for the property. Cuban does not know what the competitors will bid, but he assumes for planning purposes that the amount bid by each competitor will be uniformly distributed between $100,000 and $150,000. Cuban is considering submitting a bid of anywhere between $120000 and $150000 (in increments of $5000) for the property. He has consulted you to help him decide upon the “right” amount to bid for the property in order to maximize his expected profit.
a. Let’s assume that Cuban decides to bid $120000. Build a simulation model corresponding to the above scenario and run it for 5000 iterations to answer parts b, c, and d.
b. Based on your simulation model what is the probability that Cuban will be able to obtain the property with the bid of 120,000?
c. Please provide a 95% confidence interval on your probability estimate from part b.
d. What is the expected profit associated with the bid of $120,000?
e. Rerun your simulation model (5000 iterations each time) using bid amounts of $125000, $130,000, $135,000, $140,000, $145,000 and $150,000. You can either run each simulation separately or use risksimtable as discussed in the live session. Based on these simulations which bid amount value would you recommend to Mark Cuban in order to maximize his expected profit?
Find one scholarly article describing an actual civil malpractice lawsuit that involves a registered nurse
2. Describe the 6 essential elements of malpractice substantiated or not substantiated in the case.
24 points
3. Was the nurse’s action a result of omission or commission? Explain. 14 points
4. What area(s) of liability did the nurse violate? (refer to Lecture Notes – Areas of Common Liability)
22 points
5. What is the lesson learned – how will reflection on this case impact your future practice? 16 points
-Use correct grammar, punctuation, verb tense, spelling. APA citation.
Use the notes or powerpoint provided. I added the chapter from the book as an extra if needed as well. Thanks!
SIMPLE ASSIGNMENT. DON’T NEED TO COMPLICATE IT. 1 PAGE SINGLE SPACE NEEDED. MAY DO 2 PAGES SINGLE SPACED IF DESIRED.
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Pregnancy Discrimination Act and FMLA Discrimination
Skyline Preparatory High for Girls is an elite prep school with 47 faculty and staff members on the payroll. Jamie Davis, a two-year English instructor, becomes pregnant. She is not married. She is a slim woman who is not showing visible signs of pregnancy and has not told the school administrators of her pregnancy. In her sixth month of pregnancy she develops pre-eclampsia, necessitating that she go on pregnancy leave immediately. Davis requests medical leave due to her pregnancy and applies for FMLA, believing that she is eligible (and because she desires to care for her baby after the baby is born). Skyline Prep’s Headmaster, Doris Jones, tells Davis that she must resign because she would be setting a poor example for the students. Davis refuses, and now Doris Jones wants to terminate her.
You are an attorney located at a New York City law firm that specializes in employment law. Doris Jones has contacted you for confidential legal advice, fearing that she may expose the school to liability.
Research the laws and legal cases on the Pregnancy Discrimination Act and the Family Medical Leave Act using online law libraries or other Internet sources of your choice.
Research the Internet for sources on how to make a simple video on your cell phone or computer if you are not already familiar with how to make one.
Imagine that you are speaking with Doris Jones via video chat or video conferencing.
Produce a paper 700-1,200 word addressing the following with Doris Jones:
Consider the organizational culture, HR training, company policies and procedures, and strategic steps that should be addressed in your response.
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