Answers for final exam Assignment Example | Topics and Well Written Essays - 1250 words

Answers for final exam - Assignment Example ...........................Discrete Participation in online auction............Discrete Amount spent online .........................Continuous Time ............................................... Continuous (McBurney and White, 2009) b) In addition to the variables above, data were also collected on total sales each month. Using the SPSS output provided below, describe the distribution of ‘Monthly Sales’. Remember to comment on Centre, Shape and Spread. (1 ? marks) Distribution of sales has a mean value of $ 4178.29 per month with a standard deviation of 7011.633. The data is further skewed to the right, and is widely scattered apart. The skewedness value, the plots and the standard deviation explains this (Gravetter and Forzano, 2010). c) Is the distribution of ‘Monthly Sales’ normal? Explain. (1 mark) The distribution is not normal. This is because of the observed deviation of the plats from the straight line as observed in the Normal Q-Q plot. (Hahn and Meeker, 2011) Question 2 (3 marks) An investor wants to compare the performance of three managed funds, so she performs an ANOVA test to compare their returns. The results of this ANOVA test and the post-hoc Tukey test are provided below: ANOVA Return Sum of Squares df Mean Square F Sig. Between Groups 4191.977 2 2095.988 9.627 .000 Within Groups 669510.465 3075 217.727 Total 673702.442 3077 Multiple Comparisons Return Tukey HSD (I) Fund (J) Fund Mean Difference (I-J) Std. Error Sig. 95% Confidence Interval Lower Bound Upper Bound 1.00 2.00 -1.07173 .65147 .227 -2.5993 .4559 3.00 -2.83090* .65147 .000 -4.3585 -1.3033 2.00 1.00 1.07173 .65147 .227 -.4559 2.5993 3.00 -1.75916* .65147 .019 -3.2868 -.2316 3.00 1.00 2.83090* .65147 .000 1.3033 4.3585 2.00 1.75916* .65147 .019 .2316 3.2868 *. The mean difference is significant at the 0.05 level. a) Explain why the investor used an ANOVA test. (1 mark) The investor used an ANOVA test because the test is suitable for comparing more than two means and compares means of each pair of variables to determine the one with the highest mean (Rumsey, 2007). b) Interpret the results of the one-way ANOVA test. (1 mark) The low p-value, 0.00 that is less that 0.05, from the ANOVA test shows that a significant relationship exists among the different funds at 0.05 level of significance (Comrey and Lee, 2006). c) Based on the post-hoc Tukey test, which of the funds had the highest returns? Explain. (1 mark) The mutual fund 3 had the highest returns. This is because its mean is significantly different from, and larger than the means for fund 2 and fund 3 (Hanna and Dempster, 2012). Question 3 (10 marks) A large company wants to compare the performance of two of its franchises. To complete this study, they collected monthly sale revenue data from the Sydney and Newcastle franchises. They believe that the Sydney store is performing better, but want to conduct a statistical test to prove this fact. If Newcastle is seen to be underperfor ming, management intends to increase advertising for this store. A two-sample t-test is conducted and the following output is reported from SPSS: a. Explain why an independent two-sample t-test was used rather than a paired samples t-test. (2 mark) An independent two-sample-t test was used because the two sets of observations were made from different samples, franchises, instead of paired sample test’s two sets of observations, each pair from same participants in a sample (Walkenbach, 2013). b. Write the null and alternate hypotheses (2 marks). HO:

Explain the Legal Framework for the Bank of England's Monetary Policy Essay

Explain the Legal Framework for the Bank of England's Monetary Policy - Essay Example except where clearly quoted and referenced. has been copied from material belonging to any other person e.g. from a book. handout, another student. I am aware that it is a breach of UEL regulations to copy the work of another without clear acknowledgement and that attempting to do so renders me liable to disciplinary proceedings. SECTION B: (to be completed by the tutor marking assignment) Assessment Criteria: Weightings Criteria based Feedback Mark Achieved Logical Sequence and Development 10% Evidence of Background Reading 20% Appropriate Depth of Analysis 30% Critical Evaluation of Issues/Results 25% Referencing Technique 5% Presentation including Language and Grammar 10% TOTAL MARKS 100% Good practice demonstrated: Aspect to consider for improvement: Tutor's Name: Date Received: PROVISIONAL MARK Explain the legal framework for the Bank of England’s Monetary Policy and discuss the effectiveness of central bank independence in times of financial crises. Module Code:FE3011 Mo dule Title: Monetary Economics Student Number:0843375 Table of contents 1. Introduction 3 2. Bank of England – monetary policy 3 2.1 Overview of Bank of England’s monetary policy 3 2.1.1 Monetary policy, elements and effects 3 2.1.2 Monetary policy of Bank of England 4 2.2 Legal framework for the Bank of England’s Monetary Policy 5 2.3 Effectiveness of central bank independence in times of financial crises 7 3. Conclusion 8 References 9 Appendix 10 1. Introduction In most countries, the standardization of the economy is considered as a challenging task, even when the level of national resources, as combined with commercial activities, is characterized as quite satisfactory. The development of an effective monetary policy can help a country to secure its position in the international community; at the same time, a successful monetary policy can help a country to keep the control on its industries and resources, ensuring the availability of capital required for th e completion of local government’s plans. This paper focuses on the examination of the legal framework for the Bank of England’s monetary policy; furthermore, the effectiveness of the Bank’s independence in times of financial crises is discussed referring to the literature and the empirical evidence developed in the specific field. It is proved that, in the UK, the monetary policy is influenced by a series of factors; for this reason, the legal framework for the Bank of England’s monetary policy is not standardized. In its current form, the legal framework for the Bank’s monetary policy is quite flexible, incorporating rules for regulating all aspects, as possible, of the national economy. In the future, particular emphasis should be given on the valuable role of Bank of England in securing payments across the country, regulating the monetary policy of the country and controlling the activities of bank institutions (HM Treasury 2008, p.86). 2. Bank of England – monetary policy 2.1 Overview of Bank of England’s monetary policy 2.1.1 Monetary policy, elements and effects In order to understand the characteristics and the effectiveness of Bank of England’s monetary policy, it would be necessary to refer primarily to the elements of monetary policy, as part of a country’s economic life. According to Ruddock (2008), the monetary policy of each country is set and monitored by the country’

Analyzing Employee Management Assignment Example | Topics and Well Written Essays - 500 words

Analyzing Employee Management - Assignment Example The aim of the review is to identify and analyze different practices and policies that are associated with employees and employers. The article begins by identifying the need to monitor employees since employers are liable for their mistakes at work. Defamation, sexual harassment and racial discrimination are the three cases identified and analyzed. In both cases verdict, the essence of proper monitoring within the company became a key factor. Employers were charged and fined due to improper use of monitoring and in some cases won the cases due to proper monitoring (DelPo, & Guerin, 2011). According to the article under federal law, a right to privacy exists (US Constitution) in case of an actual or subjective expectation of privacy as deem reasonable by society. The federal statutes have monitoring policies that safeguard privacy of everybody and the companies’ rights. The practices of wiretapping such as internet monitoring and telephone and cellular phone surveillance assis t the employer to deal with infringers according without making a blanket judgment. Employee Polygram Protection Act is another policy that the article discusses in regard to privacy issues. It is essential that employee subjected to this procedure must prior be informed the necessary requirements and reason for conduct. Fair and credit reporting laws safeguard the employers from fraudulent cases, though employees must be instructed of limitations. The article analyzes the state laws that govern employees and guide employers on the expected and tolerated conducts (Muir, 2003). These are referred to as the common laws and include common law right to privacy, common law wrongful termination and common law on the employer’s non-fraternization policies. There are four theories associated to common law right to privacy. They include intrusion upon seclusion of another, public disclosure of private life information, appropriation of other’s likenesses or name and publicity t hat