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statistics
basic statistics in business and economics 10th
Entrepreneurial Finance 7th Edition J. Chris Leach, Ronald W. Melicher - Solutions
Refer to the Baseball 2019 data, which report information on the 30 Major League Baseball teams for the 2019 season. At the .05 significance level, can we conclude that there is a difference in the mean salary of teams in the American League versus teams in the National League? At the .05
Compute the mean and variance of the following probability distribution.x.................................. P(x)5................................. .110............................... .315...............................
Listed below are the year-end salaries for the 2019 World Champion Washington Nationals Major League Baseball team.a. Determine the mean, median, and the standard deviation.b. Determine the coefficient of skewness using Pearson’s method.c. Determine the coefficient of skewness using the software
Refer to the Baseball 2019 data, which report information on the 30 Major League Baseball teams for the 2019 season. Consider the following variables: number of wins, payroll, season attendance, whether the team is in the American or National League, and the number of home runs hit. Which of these
Refer to the Baseball 2019 data, which report information on the 30 Major League Baseball teams for the 2019 season. Refer to the team salary variable. Prepare a report on the team salaries. Be sure to answer the following questions in your report. a. Around what values do the data tend to
Compute the mean and variance of the following discrete probability distribution.x P(x)2.................................
Compute the mean and variance of the following probability distribution.x P(x)5.................................
Explain the difference between a sample and a population.
For the following situations, would you collect information using a sample or a population? Why? Statistics 201 is a course taught at a university. Professor Rauch has taught nearly 1,500 students in the course over the past 5 years. You would like to know the average grade for the course. As part
Mark Lines is an online portal (www.marklines.com) that reports automotive industry data. The table below shows the number of cars sold in the United States in 2018 and 2019. The top 22 manufacturers, plus others, are listed here. Sales data often are reported in this way to compare current sales
Merrill Lynch recently completed a study regarding the size of online investment portfolios (stocks, bonds, mutual funds, and certificates of deposit) for a sample of clients in the 40 up to 50 years old age group. Listed below is the value of all the investments in thousands of dollars for the 70
According to Pizza Today magazine (https://www.pizzatoday.com/pizzeriarankings/ 2019-top-100-pizza-companies/), an estimate of pizza sales in the United States for the top 100 pizza companies was $45,654 million in 2019. Below are the top 5 companies with the number of franchise units and total
Compute the mean of the following population values: 7, 5, 7, 3, 7, 4.
Refer to the Baseball 2019 data that report information on the 30 Major League Baseball teams for the 2019 season. Create a frequency distribution for the Team Salary variable and answer the following questions. a. What is the typical salary for a team? b. What is the range of the
The Grand City Water and Sewer Company selected a random sample of 20 residential customers. Following are the amounts, to the nearest dollar, the customers were charged for water and sewer last month: (a) compute the arithmetic mean and (b) indicate whether it is a statistic or a parameter.(a)
The unemployment rate in the state of Alaska by month is given in the table below:a. What is the arithmetic mean of the Alaska unemployment rates?b. Find the median and the mode for the unemployment rates.c. Compute the arithmetic mean and median for just the winter (Dec–Mar) months. Is it much
The Kentucky Derby is held the first Saturday in May at Churchill Downs in Louisville, Kentucky. The race track is one and one-quarter miles. The following table shows the winners since 2000, their margin of victory, the winning time, and the payoff on a $2 bet.a. Determine the mean and median for
Listed below are the 30 companies that make up the Dow Jones Industrial Average (DJIA) and the percent return in their stock price between January 1, 2019, and December 27, 2019. Make a boxplot for the return in stock price for these companies. Write a brief report describing the information
Refer to the Baseball 2019 data. Compute the mean number of home runs per game. To do this, first find the mean number of home runs per team for 2019. Next, divide this value by 162 (a season comprises 162 games). Then multiply by 2 because there are two teams in each game. Use the Poisson
Refer to the Baseball 2019 data, which report information on the 30 Major League Baseball teams for the 2019 season. Assume the 2019 data represent a sample. a. Develop a 95% confidence interval for the mean number of home runs per team. b. Develop a 95% confidence interval for the mean
Refer to the data set that reports information on the 30 Major League Baseball teams for the 2019 season.a. For the variable salary, compute the mean, median, range, standard deviation, and coefficient of skewness. Also, make a box plot for the variable, salary. Does it seem reasonable that salary
The owner of the West End Kwick Fill Gas Station wishes to determine the proportion of customers who pay at the pump using a credit card or debit card. He surveys 100 customers and finds that 85 paid at the pump. Estimate the value of the population proportion. Develop a 95% confidence interval for
The estimate of the population proportion should have a margin of error of 0.10, with a 99% level of confidence. The best estimate of the population proportion is .45. How large a sample is required?
A website dedicated to issues related to health care and health care costs surveyed 20 of its subscribers. It found that the annual health insurance premiums for a family with coverage through an employer averaged $10,979. The standard deviation of the sample was $1,000. Based on this sample
Search the Web for recent developments on the part of Airbnb and Uber to disrupt the lodging and taxi industries, respectively. Also search the Web and attempt to identify other possible innovations that may be disrupting existing markets and networks.
From the Headlines—PopSockets: Briefly describe the market PopSockets seeks to address and how PopSockets’ initial device addresses that market. Give some examples of how PopSockets can expand its market and tap additional sources of capital.
Access the Inc. magazine Web site at http://www.inc.com. Identify a list of recent articles that relate to how business opportunities are evaluated by venture investors and/or articles discussing why venture investors chose not to invest in potential business opportunities.
Access the Center for Business Planning Web site at http://www.businessplans .org. The site provides examples of business plans prepared by MBA students from top business schools and presented to panels of investors at recent Moot Corp. competitions hosted by the University of Texas at Austin.
Access the Center for Business Planning Web site at http://www.businessplans.org. Find the reference to Plan Write, which is designed to help an entrepreneur create a business plan. Identify and briefly describe what this software product provides.
Access the Inc. magazine Web site at http://www.inc.com. Identify a list of recent articles that relate to how to finance new ventures.
What is a limited partnership?
Access the http://www.garage.com Web site. Identify the angel matchmaking services that are provided. Determine the site’s focus in terms of early-stage versus later-stage financing, as well as the typical range of financing that is provided.
Access the Web sites http://www.angeldeals.com and http://www.gatheringofangels.com. Determine the scope and focus of these sites in terms of matchmaking financing services that are available for entrepreneurs.
A number of Web sites are available to help young ventures measure their financial performance and to help them when they are growing and “ramping up” revenues. Access http://money.cnn.com/magazines/business2/ and identify sources helpful to growing firms.
Cindy and Robert (Rob) Castillo founded the Castillo Products Company in 2018. The company manufactures components for personal decision assistant products and for other handheld electronic products. Year 2018 proved to be a test of the Castillo Products Company’s ability to survive. However,
Access the Small Business Administration Web site at http://www.sba.gov; http://www.nvst.com and find information on estimating start-up costs, preparing financial statements, and conducting breakeven analysis.
Access the Nolo Press Web site at http://www.nolo.com and other publishers’ Web sites and identify software products designed to help the young venture with its legal and accounting problems.
The Castillo Products Company described in Problem 6 had a very difficult operating year in 2018, resulting in a net loss of $65,000 on sales of $900,000. In 2019, sales jumped to $1,500,000, and a net profit after taxes was earned. The firm’s income statements are shown in the following table.A.
Salza Technology Corporation increased its sales from $375,000 in 2018 to $450,000 in 2019 as shown in the firm’s income statements presented below. LeAnn Sands, chief executive officer and founder of the firm, expressed concern that the cash account and the firm’s marketable securities
Define the term EBITDA.
The Salza Technology Corporation successfully increased its “top line” sales from $375,000 in 2018 to $450,000 in 2019. Net income also increased as did the venture’s total assets. You have been asked to compare the financial performance between the two years.A. Calculate the net profit
Define the term EBDAT.
Go to the Hoover’s business online Web site at http://www.hoovers.com and click on “Companies A–Z.” Identify a firm such as Google, Inc. (ticker symbol: GOOG) or Applebee’s International, Inc. (ticker symbol: APPB).A. Obtain the most recent three years of income statements and balance
What are financial ratios and why are they useful?
From the Headlines—bext 360: Discuss the variable and fixed costs in a single installation and continuing operation of a “bextmachine.” What are the critical factors in getting to “breakeven?”
Following are two years of income statements and balance sheets for the Munich Exports Corporation. A. Calculate the cash build, cash burn, and net cash burn or build for Munich Exports in 2019.B. Assume that 2020 will be a repeat of 2019. If your answer in Part A resulted in a net cash burn
The Castillo Products Company was started in 2017. The company manufactures components for personal digital assistant (PDA) products and for other hand-held electronic products. A difficult operating year, 2018, was followed by a profitable 2019. However, the founders (Cindy and Rob Castillo) are
The PDC Company was described earlier in this chapter. Refer to the PDC Company’s projected monthly operating schedules in Table 6.2. PDC’s sales are projected to be $80,000 in September 2020.A. Prepare PDC’s sales schedule, purchases schedule, and wages schedule for August 2020.B. Prepare a
Artero Corporation is a traditional toy products retailer that recently started an Internet-based subsidiary that sells toys online. A markup is added on goods the company purchases from manufacturers for resale. Swen Artero, the company president, is preparing for a meeting with Jennifer Brown, a
Access the U.S. Census Bureau Web site at http://www.census.gov. Find relevant information for trends in U.S. population growth for a specific business idea. Comment on the manufacturing statistics and regional or national statistics relevant for that business.
For a specific business idea, find labor wage data for the types of employees who will be involved. Examples of relevant Web sites include the Bureau of Labor Statistics Web site at http://www.bls.gov and career information sites like http://www.wetfeet.com.
Describe the cash conversion cycle (C3).
Access the Federal Reserve Board of Governors Web site at http://www.federalreserve.gov/releases/to find current interest rates (and foreign exchange rates) relevant to your business venture.
Access http://www.bloomberg.com for interest rates and financial market news. Summarize the current financial market conditions.
Access http://www.pwcmoneytree.com for a summary of recent venture capital investment performance. Summarize the return experience for the various venture-investing rounds.
What is an interest rate? What is default risk?
Access the SEC Web site at http://www.sec.gov. Identify recent developments and changes in Rule 504 of the SEC’s Reg D.
The Minoso Corporation anticipates a 20 percent increase in sales for 2020 over its 2019 level. Minoso is currently operating at full capacity and thus expects to increase its investment in both current and fixed assets in order to support the increase in forecasted sales.A. Estimate Minoso’s
NYPPEX is “one of the world’s leading secondary agents for transfers of large single interests in private funds, unregistered securities in companies. ”Summarize their regulation-related posting at http://nyppex.com/regulatory.php.
Access the Nolo Press Web site at http://www.nolo.com. Develop a list of legal references relating to securities laws.
What is securities crowdfunding?
Following are two years of income statements and balance sheets for the Munich Exports Corporation.A. Munich has a target dividend payout of 40 percent of net income. Based on the 2019 financial statements relationships, estimate the sustainable sales growth rate for the Munich Corporation for
From the Headlines—Sock It to Me: The “Internet of Feet”: Discuss the role that Indiegogo played in the initial funding of Sensoria. Do you believe it was important in leading up to the $5 million A round?
Use a Web search to determine an expected long-term growth rate for the U.S. economy. What are the current and longer-term expectations of inflation?
What is the percent-of-sales forecasting method?
From the Headlines—Automox: Describe how cash budgets and projected financial statements could be used in estimating how far $9 million could take Automox after its Series A round.
Web-surfing exercise: Find a fast-growth publicly traded firm with financial statements posted on the firm’s Web page. Relate that firm’s financial statements to those of the examples in this chapter. Formulate the process by which you would project that firm’s financial statements into the
Using a free stock quoting and research site on the Web (e.g., http://www.bloomberg.com or http://money.cnn .com), examine the current price for an Internet company. Relate the financial data you can find on the firm to the current stock price.
The Biometrix Corporation has been in operation for one full year (2019). Financial statements follow. Biometrix’s management is interested in determining the value of the venture as of the end of 2019. Sales are expected to grow at a 20 percent annual rate for each of the next three years (2020,
Following are financial statements (historical and forecasted) for the Global Products Corporation.A. Assume that the cash account includes only required cash. Determine the dollar amount of equity valuation cash flow for 2020.B. Now assume that Global Products’ required cash is set at 3 percent
What is net operating working capital?
From the Headlines—Foursquare: What ingredients would you need to conduct a traditional equity method valuation for Foursquare? If you had the necessary projections, do you think that Foursquare would qualify as a “Unicorn” with a valuation in excess of $1 billion? Comment on the warnings you
Web-surfing exercise: Using a particular industry as a focus, find an industry report that covers several ventures having various levels of maturity and/or performance. Compare their performances in recent years. Develop a model of how you would conduct a multiple-scenario valuation for a newcomer
Visit one of the venture economics data collection services (e.g., http://www .pwcmoneytree.com) and examine a recent report on the short-and long-term performance of venture capital funds. Relate what you find to a typical discount rate of 50 percent.
What is meant by pre-money valuation? What is post-money valuation?
Summarize nationwide venture capital investing by industry for the last available quarter using a data source available on Web sites such as http://www.pwcmoneytree.com or http://www.nvca.org.
Visit a venture capital fund’s Web site and summarize the fund’s history and current activities.
Interview a local venture capitalist regarding what she looks for in a promising venture seeking funding. Summarize your discussion.
Find a recent Wall Street Journal article on venture investing and summarize it.
List ten Web sites or print magazines that contain venture capital investing information that might be of use to entrepreneurs seeking venture capital.
From the Headlines—Tabula: Describe the role venture capitalists played in the founding and expansion of Tabula. Comment on possible reasons for the involvement of multiple VC firms.
Locate your state’s small business credit facilitation Web page. Describe the resources your state makes available in broad categories.
What is meant by the terms business crowdsourcing and crowdfunding?
Find the Web solicitation for a direct public offering under the new crowdfunding regulations. (You might start at http://www.seedinvest.com/offerings or other similar sites.) Describe the venture and its prospects.
What are factoring and receivables lending?
What is a direct public offering?
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