j=1 Xj . Hence the Fisher information is I(p) = −Ep {s(p)} = n/p + n/(1 − p) = n/{p(1 − p)}. ˙ dθ The C-R lower bound for the variance of unbiased estimator of θ(= p2 ) is ( dp )2 /I(p) = 4p3 (1 − p)/n. ∏n (b) Note L(p) = j=1 pXj (1 − p)1−Xj . This yields p = X/n. Hence θ = (p)2 = X 2 /n2 . (c) Note Ep (X 2 ) = n ∑ ∑ 2 Ep (Xi ) + i=1 2 Ep (Xi Xj ) = nEp (X1 ) + (n2 − n)Ep (X1 X2 ) = np + (n2 − n)p2 . 1≤i̸=j≤n Hence Ep (θ) = p2 + p(1 − p)/n ̸= p2 ‚ i.e θ is a biased
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Schools have to work in collaboration with a vast range of outside agencies or/and other professionals such as OFSTED‚ SENCO‚ specialist teachers‚ counsellors‚ social workers‚ educational psychologists‚ speech and language therapists and a vast array of others. Using experts is common practice and there are many other external professionals who will work with a school on a regular or purely ad-hoc basis as is necessary. These experts will have a high degree of specific professional knowledge and
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hard‚ resilient plastic)‚ polycarbonate plastic or carbon fiber. This offers a light‚ however durable shell. The EPS foam can be used for each half cap and complete face snowboard helmet. This presents you with the most comfortable helmet round‚ and you could be assured that in case you take a first-rate spill your head might not be taking effect. Make sure your helmet makes use of this EPS‚ you’ll be comfy and secure. Your snowboard helmet NEEDS to have as a minimum the ASTM F2040 certification for
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namely Body Building Unit‚ Paint Unit‚ Battery Unit & Furniture Unit and the commercial production of which started in May 5‚ 1997‚ November 01‚ 1999‚ January 03‚ 2002 and May 01‚ 2002 respectively. Overall‚ it is a company with vision of maximizing shareholders’ wealth and its investors have already shown their confidence in the company. Its share price has increased over the years compared to its book value. Furthermore‚ it enjoys a positive signaling effect from the market and there is good
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most optimum cost using best manufacturing practices‚ giving value for money to its customers and maximizing yield for its investors. The Strategic Goals of the company are: 1. To be among first five camera producers in a decade. 2. To manufacture world-class cameras with a P/Q ratio of at least 4 stars. 3. To maximize financial performance of the company as reflected by a good Earning Per Share (EPS)‚ Return on Investments (ROI)‚ Steady stock prices and a high credit rating. The competitive strategy
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sections. The first section constructs partial income statements to illustrate ©1993 The Dryden Press All rights reserved. Case 10-1 the effect of financial leverage on ROE‚ while the second part conducts the valuation analysis‚ where stock price‚ EPS‚ and WACC are calculated on the basis of capital cost relationships. The INPUT DATA and KEY OUTPUT sections are shown below: INPUT DATA: KEY OUTPUT: Operating Data: Impact on ROE: Total assets $120‚000‚000 Cost of debt EBIT 13.0% $32‚000‚000
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It was only about a year ago Bryan Sammis or most commonly known by his stage name Olivver the Kid stormed the music scene with his debut EP “Freak”. Now he’s back with his latest EP “The Boy Who Cried Wolf”. Talking about his earliest memories of music‚ the singer songwriter mentioned he started playing drums at the age of 9 then progressed to playing shows and being in band around the 15. A lot of people might recognize Bryan from his days as a drummer for The Neighbourhood but left last year
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George’s forecasts. The spreadsheet accompanying this solution (sheet 4) sets out a forecast in the same general format as Table 4.4. Historical results from 1999 to 2004 are also shown. Earnings per share (EPS) equals return on equity (ROE) times starting book value per share (BVPS). EPS is divided between dividends and retained earnings‚ depending on the dividend payout ratio. BVPS grows as retained earnings are reinvested. The keys to the company’s future value and growth are profitability
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Best Buy Company Profile (A copy/paste from Hoovers. Add other relevant info preferably links we if there is something compelling) The biggest consumer electronics outlet in the US is also the best -- Best Buy‚ that is. The company operates more than 1‚400 stores throughout the US and Canada‚ and another 2‚600 stores in Europe and China‚ mostly under the Best Buy‚ Best Buy Mobile‚ and The Car Phone Warehouse banners. The stores sell a variety of electronic gadgets‚ movies‚ music‚ computers‚ and
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MANAGEMENT CONSULTANCY - Solutions Manual CHAPTER 18 LONG-TERM FINANCING DECISIONS I. Questions 1. Both operating and financial leverage imply that the firm will employ a heavy component of fixed cost resources. This is inherently risky because the obligation to make payments remains regardless of the condition of the company or the economy. 2. Debt can only be used up to a point. Beyond that‚ financial leverage tends to increase the overall costs of financing to the firm as well as
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