Problem Set 1 1. (Star Wars) Real GDP = 461.0(214.5/60.6) = 1‚631.76 (E.T.) Real GDP = 399.9(214.5/96.5) = 888.90 (Titanic) Real GDP = 600.8(214.5/160.5) = 802.94 (Shrek 2) Real GDP = 437.2(214.5/188.9) = 496.45 (Avatar) Real GDP = 760.5(214.5/214.5) = 760.5 Real GDP in Order of Largest to Smallest Movies Nominal Box Office Receipts (millions) CPI in Year Released Real Box Office Receipts (millions) Star Wars (1977) 461.0 60.6 1‚631.76 E.T. The Extra-Terrestrial (1982) 399.9 96.5 888.90 Titanic
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DISCUSS THE CAUSES AND COSTS ASSOCIATED WITH PRINCIPAL AGENCY PROBLEM (10) Principal agency problem refers to a conflict arising when people appointed (agents) and entrusted to look after the interests of others (principals) use the authority‚ power or resources for their own benefit instead. It is a pervasive problem and exists in practically every organisation whether a business‚ church‚ club or government. Organisations try to solve it by instituting measures such as tough screening processes
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In 2007‚ after John Wright initiated the formation of a protocol for total knee replacement‚ Brigham and Women’s Hospital cut costs and length of stay apart from improving pain control and patient mobility. As a standardization practice‚ the new protocol decreased the time spent on decision-making and the number of suppliers. However‚ one of the issues with this change is resistance from surgeons who used different prostheses. While most surgeons followed the protocol‚ the hospital needs to know
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ECN171 Economy of East Asia Problem Set 1 The data for this problem set is posted on SmartSite in the Resources folder. It was downloaded from the Penn World Tables version 7.1‚ which is publicly available at https://pwt.sas.upenn.edu/php_site/pwt_index.php . 1. Graph the GDP [per capita] of the East Asian countries in PS1_data.xls on one graph. Which East Asian country is the largest [richest] in 1960? In 2010? When did the switch occur? 2. Calculate the growth rates (log difference‚ using natural
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Machine Learning Fall 2014 Problem Set 1 Joon Hee Choi Handed In: 09/14/2014 Review Questions 1. 2. 3. • ∂f ∂x = 6x − y − 11‚ ∂f ∂y • ∂f ∂x = 6x − y − 11 = 0‚ = 2y − x ∂f ∂y = 2y − x = 0 ⇒ x = 2‚ y = 1 ⇒ (x‚ y) = (2‚ 1) • (a) n = 2 w1 x1 and x = . Then‚ w2 x2 wT x + b = w1 x1 + w2 x2 + b = 0 ⇒ −x1b + Let w = w1 x2 − wb =1 2 (b) n = 3 w1 x1 Let w = w2 and x = x2 . Then‚ w3 x3 T w x + b = w1 x1 + w2 x2 + w3 x3 + b = 0 ⇒ −x1b + −x2b + −x3b = 1 w1 w2 w3 x1 w1
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Problem Set 1 Complete all questions listed below. Clearly label your answers. 1. The receipts and year of release of the five movies with the largest nominal box office revenues‚ along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during their year of release‚ convert the receipts for each to real dollars for the year 2010 (2010 CPI 230.1). Put the movies in order from largest to smallest real box office receipts and show
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What are the qualities of a good entrepreneur? It is known that‚ in the context of the creation for profit-enterprises‚ entrepreneur is often synonymous with founders. An entrepreneur will face many obstacles‚ challenges and difficulties in business operation. To be successful‚ a good entrepreneur will need have some extraordinary abilities. So what is an entrepreneur? The entrepreneur‚ with his dream and will to found a private kingdom‚ to conquer adversity‚ to achieve success for its own sake
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Cost Accounting - Chapter 1 1. Flexibility is said to be the hallmark of modern management accounting‚ whereas standardization and consistency describe financial accounting. Explain why the focus of those two accounting systems differs. Financial accounting is more about the bigger picture—it evaluates the finances of the organization as a whole‚ using historical‚ quantitative‚ monetary‚ and factual data. It is more formal and requires the use of GAAP. The information financial accounting
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P8-1 a) Expected Rate of Return $ $ $ Y 55‚000 6‚800 55‚000 X Previous Market Value Cash Flow Current Market Value X 20‚000 $ 1‚500 $ 21‚000 $ Y 12.50% 12.36% X: rt = (Ct + P rt = ($1‚50 rt = 0.125 = b) Both investments are equally risky. Keel should recommend Investment X because it has a Pt - Pt-1) / (Pt-1) Y: rt = (Ct + Pt - Pt-1) / (Pt-1) 0 + $21‚000 - $20‚000) / ($20‚000) rt = ($6‚800 + $55‚000 - $55‚000) / ($55‚00 = 12.5%
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Problem Statement: The perimeter‚ approximate surface area‚ and the approximate volume of an in ground pool is given by the following formula: Perimeter = 2 ( length+width ) Volume = length * width * average depth Underground surface area = 2 ( length + width ) average depth + length * width Using these formula as basis‚ write a program that accepts the length‚ width and average depth measurements‚ and then calculates the perimeter‚ volume and underground surface area of the pool. In writing
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