EMGT 571 STATISTICS I TAKE HOME FINAL EXAM Problems – Answer the following problems…BE SURE TO SHOW ALL WORK!!!. You can use excel‚ SPSS or word as the medium for generating solutions to the problems. I recommend you use excel and SPSS 1. The time at which the mailman delivers the mail follows a normal distribution with a mean of 2:00PM and a standard deviation of 15 minutes (20 pts) a) What is the probability that the mail will arrive before 1:50PM? b) What is the probability
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2000‚ a 15-year-old African American male named Brenton Butler was accused of murdering a 65-year-old vacationer named Mary Ann Stephens from Georgia. At the time of the shooting she was accompanied by her husband‚ James Stephens‚ in front of the Ramada Inn in Jacksonville‚ Florida. The shooter had approached the couple and demanded that Mrs. Stephens hand over her purse. Within moments‚ Mary was lying lifeless on the ground in front of her husband with a bullet through the ridge of the right side
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76 ; Holiday Corporation 1.35 La Quinta Motor Inns .89; Ramada Inns‚ Inc 1.36. Step 2: For each firm in the industry‚ to estimate bunlevered using the bequity estimate: bequity = [1 + (1-TC)Debt/Equity]bunlevered bunlevered of Marriot= 1.11/[1+(1-.44)*.41]=.90 bunlevered of Hilton= 0.76/[1+(1-.44)*.14]=.70 bunlevered of Holiday= 1.35/[1+(1-.44)*.79]=.94 bunlevered of La Quinta= 0.89/[1+(1-.44)*.69]=.64 bunlevered of Ramada= 1.36/[1+(1-.44)*.65]=.997 Step 3: Take an industry average
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The Roman Government consisted of Consuls and a Senate. Instead of having a king‚ the Romans chose consuls‚ two of them. The community elected neither of them but instead appointed by the popular assembly the Comitia Centuriata. Each consul serves one year‚ it’s nonconsecutive‚ term‚ he could help a second or a third later. Consuls possessed supreme executive power‚ commanding the army‚ presiding over the Senate‚ the proposing legislation‚ but they could veto the others decision. At the end of their
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Marriott corporation Group -1 Akasha.J Dhivya Priya.R Gayathri.P.A Sadhana.S Srikumaran.M.A Components of Marriott’s Financial Strategy Growth Objective: Is to become the preferred employer and provider in lodging‚ contract services and restaurants‚ and to be the most profitable company in the industry. 1. Manage rather than own hotel assets: Lowers accounting assets on the books thereby increasing the ROA. Sharing of risk that comes from the properties and provide Marriott to operate with
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Advanced Corporate Finance‚ March 2004 1. Weighted average cost of capital for Marriott Corp. The WACC is calculated using the formula: This uses the underlying assumption that the debt-equity ratio for the firm remains constant. In Marriott’s case the corporation’s target leverage ratio based on interest coverage target is set at 60% as taken from Table A. The WACC for the whole firm represents the average cost of capital of the firm’s underlying operating structure. To use this WACC
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References: * Apte‚ Vaman Shivram (1965)‚ The Practical Sanskrit Dictionary (4th revised & enlarged ed.)‚ Delhi: Motilal Banarsidass‚ ISBN 81-208-0567-4. * Avari‚ Burjor (2007)‚ India: The Ancient Past‚ London: Routledge‚ ISBN 978-0-415-35616-9 * Flood‚ Gavin (1996)‚ An Introduction to Hinduism‚ Cambridge University Press‚ ISBN 0-521-43878-0 * Flood‚ Gavin‚ ed. (2003)‚ The Blackwell Companion to Hinduism
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The current issue and full text archive of this journal is available at www.emeraldinsight.com/0959-6119.htm Online distribution strategies and competition: are the global hotel companies getting it right? Gabriel Gazzoli ´ Institut Hotelier Cesar Ritz‚ Le Bouveret‚ Switzerland Online distribution strategies 375 Received 25 May 2007 Revised 3 July 2007 Accepted 18 October 2007 Woo Gon Kim International Center for Hospitality Research‚ Florida State University‚ Tallahassee‚ Florida‚ USA
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et Niobae ………edita pennis ‘Colour’; extent of grief to be overcome; neat segue – avian suffering to avian happiness at primum ………caput cf. Homeric arming scene: she is preparing to do battle – militia amoris si fas est‚ omnes pariter pereatis avari‚ et quisquis fido praetulit arma toro! tu tamen iniecta tectus‚ vesane‚ lacerna potabis galea fessus Araxis aquam. illa quidem interea fama tabescet inani‚ haec tua ne virtus fiat amara tibi‚ neve tua Medae laetentur caede sagittae
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Sheet1 Marriott Cost of Capital Lodging Division Tax Rate 0.44 Equity Beta D/D+S Lodging Hilton Holiday La Quinta Ramada Average 0.76 1.35 0.89 1.36 1.09 14% 79% 69% 65% 0.5675 S/D+S 86% 21% 31% 35% 0.4325 D/S Unlevered Beta 0.16 3.76 2.23 1.86 2.00 0.65 0.28 0.28 0.48 0.42 Target D/D+S Target D/S Levered Beta 74% 2.85 1.62 Costs of Equity: Rf Lodging MRP 8.95% 7.43% Beta Requity 1.62 21.02% Costs of Debt: Rf Lodging 8.95% Spread Tax rate Rdebt(1-T) 1.10% 0.44 0.0563 WACCs: Lodging
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