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Contact the Human Resources manager at your company or
another company. (A military division HR officer would not be appropriate for
this question.) Ask him/her how he/she would approach an order to downsize the company. What procedures would they follow? How would they choose which employees were expendable? Are they covered under the WARN Act? Summarize the information you were provided. Add an analysis of the company’s procedures based on your reading in the chapter. Add a reference at the bottom.

1. Using the data set below, please calculate the:

1              4              2.5          5              3

-  Range

-  What would be the percentile rank of the number 2.5?


2. Fifteen countries were randomly selected from the World Factbook 2004 list of world countries, and the infant mortality per 1000 live births rate was recorded:

6.38        101.68   9.48        69.18     64.19     3.73        21.31     52.71

13.43     29.64     15.24     5.85        11.74     9.67        8.68

Find the first and third quartile for the infant mortality per 1000 rate.

.List some major secondary sources of information for the following situations.     

a. The marketing research manager of a national soft-drink manufacturer has to prepare a
comprehensive report on the soft-drink industry.

b.     Mr. Baker has
several ideas for instant cake mixes and is considering entering this
industry.  He needs to find the necessary
background information to assess its potentials.

c. Mr. Adams has heard that the profit margins in the fur business is
high.  The fur industry always intrigued
him, and he decided to do some research to determine if the claim is true.

1. Please show all of your work when answering the following:

I.       Use Chebyshev’s theorem to find what percent of the values will fall between 183 and 227 for a data set with a mean of 205 and standard deviation of 11.

II.     Use the Empirical Rule to find what two values 99.7% of the data will fall between for a data set with a mean of 297 and standard deviation of 18.


2. Nine college students had eaten the following number of times at a fast food restaurant for dinner in the last ten days:

8, 0, 7, 1, 2, 3, 3, 8, 1

Find the mean, median, mode, range, and midrange for these data.  Please show all of your work.


3. A Math test has a mean of 49 and standard deviation of 10.0. Find the corresponding z scores for:

I. a test score of 62

II. a test score of 30


4. Rank the following data in increasing order and find the position and value of the 67th percentile.  Please show all of your work.

2   7   3   7   9   3   1   8   0   3   5   9


5. The following data lists the average monthly snowfall for January in 15 cities around the US:

20    9     35    46    44    17    32    25

30    14    28    14    9     15    20

Find the mean, variance, and standard deviation.  Please show all of your work.


6. Starting with the data values 70 and 100, add three data values to the sample so that the mean is 90, the median is 91, and the mode is 91.  Please show all of your work.

Submit a 2-3 page paper using APA formatting discussing the following questions.

(1) What must and entrepreneur do to earn a profit?

(2)How do the actions of firms earning profits influence the value of resources?

(3) What happens to the value of reseources when losses are present?

(4) If a firm making losses goes out of business, is this bad? Why or why not?

Hospitals often have many different customers, not all whom make their payments on a timely basis. Millbridge hospital segments its customers into four groups: Medicare, Medicaid, insurance, and self-pay. The self-pay customers owe Millbridge hospital $2 million. Insurers owe twice that amount. Medicare and Medicaid owe $5 million and $3 million respectively. Half of Medicare receivable is current, 20% was billed more than 30 days but less than 61 days ago, and the balance was billed more than 60 days ago but less than 91 days. Medicaid’s obligation is 30% current, 30% more than 30 days but less than 61 days, 30% more than 60 but less than 91 days, and 10% more than 90 days. The insurance receivable is half current
and half 31 to 60 days. The self-pay receivables are 25% current, 25% in the 31 to 60 day category, 25% in
the 61-90 day and 25% over 90 days. Prepare an accounts receivable aging schedule by total dollars and
by percent.

Phil has been asked to create a database for his company. The database is to track employees and the projects on which the Employees work. A project can have between 3 and 7 employees assigned to it. He has determined that he needs the following tables: Employee (Social Security Number, Employee Name, Street Address, City, State, Postal Code, Date Hired, Hourly Pay Rate, Project Code) Project (Project Code, Project Name, Completion Date) a. Which field in the Employee table should be the primary key and why? b. Which field in the Project table should be the primary key and why? Now that Phil has created the tables and determined the primary and foreign keys, he needs to determine the data types for the fields in each table. c. What data type should Phil use for the Hourly Pay Rate field? Why? d. What data type should Phil use for the Social Security Number field? Why?