Question: hey i need some help with a question would you be able to help me. it is only question number 3 Q. 3. Assume that

hey i need some help with a question would you be able to help me. it is only question number 3

Q. 3. Assume that Mrs. Cook's real income will not change over the next ten years. Use the mean real income from question 1 to determine projected real income for the future ten years of Mrs. Cook's work expectancy. Use the regression equation from question 2 to project adjusted price indices for the next ten years. Assume that Mrs. Cook pays 20% of her actual income in taxes and that Green will not provide significant state assistance. Use the projected real income and adjusted price indices to estimate Mrs. Cook's net actual income for the next ten years. What would be the likely amount of an award to Mrs. Cook based on a present value rate of 8%? Discuss the factors that could cause Mrs. Cook's future income to differ from your estimate. (GROUP)

Q. 1. The data from Exhibit 3 is also in the Excel data fileon the course website. Use Excel, along with this file, to determine Mrs. Cook'sreal income for the last fifteen years. Do this by first converting each price index from percent by dividing by 100. Then, divide gross income by your converted (adjusted) price index. Using Excel, find the mean, median, standard deviation, and variance of her pastreal income. Explain the meaning of these statistics. Can you use the mean income to forecast future earnings? Take into account both statistical and non-statistical considerations.

Q. 2. How do you interpret the price indices in Exhibit 3? How do economists construct them?

Use Excel regression to analyze the relationship between the adjusted price index (dependent variable and year (independent variable). Interpret your regression findings by discussing the coefficient of determination (R-squared), the regression coefficient, the regression equation, and the p-value. Can you use the regression equation to predict the price indices? Take into account statistical, macroeconomic, and other considerations.

Q. 3. Assume that Mrs. Cook's real income will not change over the next ten years. Use the mean real income from question 1 to determine projected real income for the future ten years of Mrs. Cook's work expectancy. Use the regression equation from question 2 to project adjusted price indices for the next ten years. Assume that Mrs. Cook pays 20% of her actual income in taxes and that Green will not provide significant state assistance. Use the projected real income and adjusted price indices to estimate Mrs. Cook's net actual income for the next ten years. What would be the likely amount of an award to Mrs. Cook based on a present value rate of 8%? Discuss the factors that could cause Mrs. Cook's future income to differ from your estimate.(GROUP)

Q. 4. Would the merchant's defense relieve Art Vector from liability under the cause of action of false imprisonment?

Q. 5. Assuming that Art Vector is liable for false imprisonment and assuming that Mrs. Cook is deemed unable to locate another job for life due to her present medical condition, is a court likely to award her compensation for loss of future income? What standard will a court consider in determining whether Mrs. Cook is entitled to compensation? In your opinion, is Mrs. Cook's settlement offer reasonable? Is she entitled to anything else in her damage claims? Support your opinions with a discussion of the legal and practical possibilities.

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