1,) Craps is an interesting casino game because it is an example of a random experiemtn that takes place in stages; the evolution of the game depends critically on the outcome of the first roll. In particular, the number of rolls is a random variable.
The player (known as the shooter) rolls a pair of fair dice
a. If the sum is 7 or 11 on the first throw, the shooter wins; this event is called a natural.
b. If the sum is 2, 3, or 12 on the first throw, the shooter loses; this event is called craps.
c. If the sum is 4, 5, 6, 8, 9, or 10 on the first throw, this number becomes the shooter’s point. The shooter continues rolling the dice until either she rolls the point again (in which case she wins) or rolls a 7 (in which case she loses).
The sum of the scores on a given roll has the probability density function in the table. The table of bets (not relevant to this problem) is shown in the image.
Setup an experiment to simulate the sum of a single roll of two 6-sided dice.
Run 1000 replications of the experiment.
Analyze the percentage of time the shooter (1) wins on the first roll or (2) loses on the first roll. (Note: we are ignoring item C above for this problem).
Summarize the sample of the SUMS in a frequency distribution, probability distribution, cumulative probability distribution.
Graph the results.
What would the theorectical probability of winning or losing on the first roll based on classical assignment of probabilities? Graph?
2.) Roulette is the oldest casino game still in operation. It’s invention has been variously attributed to Blaise Pascal, the Italian mathematician Don Pasquale, and several others. In any event, the roulette wheel was first introduced into Paris in 1765. Here are the characteristics of the wheel:
The (American) roulette wheel has 38 slots numbered 00, 0, and 1–36.
The wheel is spun and then a small ball is rolled in a groove, in the opposite direction as the motion of the wheel. Eventually the ball falls into one of the slots.
All 38 possible values for a single spin of the wheel are given in the table. Naturally, we assume mathematically that the wheel is fair, so that the random variable X that gives the slot number of the ball is uniformly distributed over the sample space. An image of the roulette wheel and it’s betting table (not relevant to this problem) is shown in the image.
Setup an experiment to simulate the outcome for a single spin of the wheel.
Run 1000 replications of the experiment.
Analyze the percentage of time the a player wins
1) who only bets on the same number for every spin of the wheel
2) who randomly selects a different number every spin
Describe your findings in the management statement.
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Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services If the sum is 7 or 11 on the first throw, the shooter wins; this event is called a natural.
1,) Craps is an interesting casino game because it is an example of a random experiment that takes place in stages; the evolution of the game depends critically on the outcome of the first roll. In particular, the number of rolls is a random variable.
The player (known as the shooter) rolls a pair of fair dice
a. If the sum is 7 or 11 on the first throw, the shooter wins; this event is called a natural.
b. If the sum is 2, 3, or 12 on the first throw, the shooter loses; this event is called craps.
c. If the sum is 4, 5, 6, 8, 9, or 10 on the first throw, this number becomes the shooter’s point. The shooter continues rolling the dice until either she rolls the point again (in which case she wins) or rolls a 7 (in which case she loses).
The sum of the scores on a given roll has the probability density function in the table. The table of bets (not relevant to this problem) is shown in the image.
Setup an experiment to simulate the sum of a single roll of two 6-sided dice.
Run 1000 replications of the experiment.
Analyze the percentage of time the shooter (1) wins on the first roll or (2) loses on the first roll. (Note: we are ignoring item C above for this problem).
Summarize the sample of the SUMS in a frequency distribution, probability distribution, cumulative probability distribution.
Graph the results.
What would the theorectical probability of winning or losing on the first roll based on classical assignment of probabilities? Graph?
2.) Roulette is the oldest casino game still in operation. It’s invention has been variously attributed to Blaise Pascal, the Italian mathematician Don Pasquale, and several others. In any event, the roulette wheel was first introduced into Paris in 1765. Here are the characteristics of the wheel:
The (American) roulette wheel has 38 slots numbered 00, 0, and 1–36.
The wheel is spun and then a small ball is rolled in a groove, in the opposite direction as the motion of the wheel. Eventually the ball falls into one of the slots.
All 38 possible values for a single spin of the wheel are given in the table. Naturally, we assume mathematically that the wheel is fair, so that the random variable X that gives the slot number of the ball is uniformly distributed over the sample space. An image of the roulette wheel and it’s betting table (not relevant to this problem) is shown in the image.
Setup an experiment to simulate the outcome for a single spin of the wheel.
Run 1000 replications of the experiment.
Analyze the percentage of time the a player wins
1) who only bets on the same number for every spin of the wheel
2) who randomly selects a different number every spin
Describe your findings in the management statement
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Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
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Economic Theory 1-Identify and provide a brief explanation of your intended application of your first chosen economic theory to your problem identified in Week 1 in your problem solving paradigm. Remember to ask a question for your classmates and to complete a response to another classmate per the instructions.
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For the initial post, respond to one of the following options, and label the beginning of your post indicating either Option 1 or Option 2:
Option 1: The Equal Rights Amendment was first proposed almost a century ago and has still not been added to the United States Constitution. It is supposed to guarantee equal legal rights for all American citizens regardless of sex. It was first introduced to Congress by Alice Paul, leader of women’s suffrage movement in 1923. Compare/contrast the Equal Rights Amendment with the Fourteenth Amendment. Did they deal with separate concepts? Explain your answer.
Option 2: The Bill of Rights is not only included with the United States Constitution but also state constitutions. All states have provisions in their constitutions that protect individual rights. Go online and look up your state constitution concerning amendments that are included in the Bill of Rights. How does your state constitution protect your individual rights?
Be sure to make connections between your ideas and conclusions and the research, concepts, terms, and theory we are discussing this week.
Writing Requirements
Cite your sources when applicable (assigned readings/online lessons and an outside scholarly source)
APA format for in-text citations and list of references
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the reply must be at least 200 words. Do not just say “good job” or “I learned something from your post.” Replies are not a cheering exercise. Instead, your replies must be substantial, reflecting what you learned from reading the post, offering an extension, or correcting a mistake. Use what you learned in researching for your post (or knowledge gained from other classes or personal experience) to either supplement or critique the post you are writing about.
Interview
We were given the opportunity to interview an accounting professional that would give their perspective on why business law is important to know in their field of work. I had the privilege of interviewing Matt Iagovino who is the Vice President of Finance at Labor First, LLC/ Retiree First, LLC. Labor First LLC deals in retiree benefits for unions and laborers all over the United States. They also have a sister company called Retiree First where that deal with retiree benefits for school systems, towns, and municipalities. Labor First has staff dealing with clients on rates for insurance and then have staff who are advocates for retires and help them with any benefits issues that are needed.
Mr. Iagovino has over 20 years of accounting knowledge from working in the private, public, and nonprofit accounting industries. He graduated from a Holy Family University with a BA in accounting in 2002 and a Master of Business Administration in 2012. He handles all the accounting functions within Labor First and helps the executive team with making key investment decisions, contract negotiation, and partnership analysis.
Business Law is the way “law intersects with business from legal to employment and can effect every department in a company” (M. Iagovino, VP of Finance, August 4,2021). Mr. Iagovino talked about how employment contracts can be violated and then a lawyer would need to get involved even on the back end to make sure the company is handling issues legally. Some of the legal issues that could also affect the company are CMS regulations, HIPPA, Insurance law and making sure guideline on terming members of their health insurance.
Contract law was discussed due to the number of contracts that flow through Labor First. “The basic elements required for the agreement to be a legally enforceable contract are mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality” (Blokhina Gilkis, 2019). At Labor First the contract that will start the offer process is a template contract that has been reviewed by their legal counsel. When a client negotiates before the acceptance process, they may ask for changes in the language or other specific part. Each client will have their own individual requests. (M. Iagovino, VP of Finance, August 4,2021) The process of the contract will go from the proposals team to the CFO and COO to get approval. The CFO at Labor First is also a CPA. He will look over the contract to make sure they are getting the right amount of money and make sure that it covers all the areas that Labor First offers. Making sure that you will be able to support the needs of the client, Labor First has a sales team that is integrated into the contract process. “The idea of ‘discreteness’ thus encompasses both the genuine ‘one shot’ deal between complete strangers who do not expect to engage in repeat trades and a quality that contracting parties familiar with each other may deliberately seek to impose upon their business relations” (Mitchell, 2009, Pg. 681)
Labor First collects and pays the health care benefits for groups that have retirees and provide a service to their members. Recently the company has been put into a predicament where they may have to term a client due to nonpayment. If this happens all the retirees in the group will lose their benefits. The executive team got into touch with legal to see what their options were and then brought it to the client’s attention. Labor First has never had to term any clients before and this would have been a first. The client was obligated to pay back what was owed and pay 1 future month in advance to keep their business. The company had to take into consideration if this was a deliberate breach of contract. “Deliberate breach is in fact a term without a conclusive meaning, whereas some authors at least let the reader believe that is a settled term” (Van Kogelenberg, 2014, pg. 142). When the final terms came back it was a misunderstanding on the client’s side thinking they sent the payment but never approved the wire through the bank.
In addition to contract law, we discussed the ways a company can grow with investments. Mr. Iagovino stated that Labor First has taken on a new investor to help the company continue to grow. The investor will help lead Labor First to more opportunity. This affects the accounting department more due to changes that need to be made. There will be more reporting and the month end closes will have to be stricter. There is one mandatory change that the investors wanted to occur and that is to have more trust accounting. Trust accounting is the “separation of expenses will help determine the proper treatment for tax and accounting purposes” (Bertsch, 2020). This is to show our investor and new investment the net worth of the company at one time. They want to see the difference between what Labor First must pay the carriers for health care and administration fees they earn per member.
The interviewee was asked if learning business law in college was important to his career in the accounting field. His answer was yes. He stated that it would give you a broad view of the business world and legal implications that could happen (M. Iagovino, VP of Finance, August 4,2021). It also gave him the knowledge that he knew when to seek legal counsel for any pitfalls and employment issue that could arise.
Business Law has an importance in accounting due to all the underlining issue’s that can arise from a legal standpoint. There are always contracts happening daily even if you do not see them. Having the knowledge of business law can help when there are employment issues, violations of compliance, and more. The main take away I got from interviewing Mr. Iagovino was that you need to look at all the details and properly examine them. You need to know the basics of business law to proceed in accounting to know some of the in and outs of contracts that you may need to look at. Having the knowledge will set you apart from other in the accounting field.
“Do not deprive one another, except perhaps by agreement for a limited time, that you may devote yourselves to prayer; but then come together again, so that Satan may not tempt you because of your lack of self-control” (American Bible Society, 2010, 1 Corinthians 7:5). This versus tells me you need to overlook a contract before accepting the terms. There is a set time for the person receiving the contract to look over and negotiate terms. Make sure you are not making a split-second decision which could be related to Satan in 1 Corinthians. Always take the time to take into consideration all the details and agreements that are being offered. Negotiations is part of the process and if a company is not willing to make an exception for a certain thing then they are not the fit for you.
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(The 520m maximum length has been set so that the longsection will fit onto 1 A4 sheet of squared paper. If you cannot reach the Parking Area within 520m, design your road as far as 520.00m and make it finish there at the RL set for you. At the end of your submission, you must report to the client how far short of the Parking Area your road finishes.)
Assume that the contours are correct with 90% confidence.
Horizontal Alignment The first straight is shown in red and the first Intersection Point (IP) must be at the end of the red line. You must draw ONLY TWO (2) more straights to complete the road alignment. These straights must allow the road to be designed to meet the requirements of the vertical design as listed below.
Use a protractor to find the bearing of the first straight and then measure the deflection angle for each curve to the nearest degree. Use Tucker’s Rd with its bearing of 0o, as your azimuth. Using your measured angles, calculate the bearings of each straight.
Scale the distances from Tucker’s Rd to IP1, IP1 to IP2 and IP2 to the End, in mm and using your scale factor found above, calculate the distance in metres. ROUND THIS DISTANCE OFF TO THE NEAREST METRE. As this is a preliminary design, and also to simplify the calculations, the bearings and distances of each straight are to be adopted as, and quoted to, the nearest degree and nearest metre in your answer sheet. (You are the design engineer and so can make life easy for yourself by making this decision about the straights. While you can make this decision arbitrarily, after that everything must be calculated mathematically and accurately – no more ‘rounding off’ must be done.)
Each horizontal curve is to have radius of 70m.Calculate the tangent distance and arc length for each curve and show them in the table of answers.Calculate the chainages of each of the four horizontal curve T.P.s and the end of the road, and any other points listed, and show them all in the table of answers.
On your plan, plot each curve. (Calculating the external distance will give you a third point to help you draw the curve freehand.) Also clearly show the lengths of each straight (IP – IP) and the bearing of that straight.
Vertical Alignment Using the contours on the map provided, draw a longsection of the Centre Line of your road at scales; horizontal 1:2,000 and vertical 1:200. (Please read the submission section for detailed guidance about drawing the longsection.)
Design a vertical alignment of the centre line of the road showing grades and vertical curves. The vertical alignment must meet the following criteria:
The road must start at RL 15.90 and must finish at exactly RL 32.10 at the chainage you have calculated as being the end of the road. The final grade of your road into the parking site must be between +2.0% and +0.5%. The maximum grade allowed at any point along the road is 10%.Vertical curves must have lengths of 60m or 80m only.In exceptional circumstances, a V.C. of 40m length may be permitted but you will need to explain why it must be used. The I.P. of each vertical curve must be located at an even 10m chainage (i.e. 120, 350 etc. and must not be placed at odd locations such as 376.5). All grades used must be to no greater precision than 0.1%, except for the final grade to the end of the line. (i.e. grades such as 3.1% must be used for every grade, except the final one where additional decimal places may be shown, if necessary, to ensure that the Design RL meets the set RL of the parking area at the chainage for the end of the road. Every change of grade requires a vertical curve. (Assume that your road will meet Tucker’s Road at the nominated RL and can start at any grade you wish to use. No vertical curve will be needed at this road junction.) Tucker’s Road may not be at ground level, which is shown by the contours.
Cut and Fill Except for the two locations specified, the vertical design should keep cut and fill to less than 1m in depth. Working by eye, and not mathematically, try to balance cut and fill along the road.
Between the two banks of the river, your road must be between 0.5m and 1.5m above the bank R.L.,so that precast box culverts can be installed. For no more than 15m either side of the 30m contour line, a cut of up to 2m is permitted.
Complete the table with your vertical curve calculations for the design levels.
Calculate the Design Levels for the locations as specified: every 30m of running chainage along the road, where there is NO vertical curve; (i.e. 0, 30, 60, 90 …300, 330, 360 etc. … and the end of the road). For every vertical curve, please calculate the Design Levels at every 10m from V.C. T.P.1 to V.C. T.P.2.Also calculate the chainage (to 2 d.p.) and RL of the low point of the road at the river crossing.
Watercourse Information and Area Restrictions The banks of the creek where the road crosses it are at R.L.10.20
The area of land adjacent to the creek, which runs to the river, that is bounded by the 15m contour line, the river and the two dashed lines is prime agricultural land and the road is not permitted to go through this area.
Survey Party Instructions A survey party has run an EDM traverse from point A, whose coordinates are 300.000m E, 600.000m N, on the centre line of Tucker’s Road via point Y, to a point X which is close to the parking area P. Calculate the coordinates of point Xusing the survey data as shown. Also, using your bearings and distances of each straight of your road, calculate the coordinates of the end of the road. Then calculate the bearing and distance for the survey party to set out the end of your road from point X. The curve set out data has already been requested.
Finally provide instructions to the survey party for any extra information needed or areas to checked for you to be able to finalise your road design.
Precision of Calculations Needed All Chainages for horizontal T.P.s etc should be quoted to two decimal places.
For the horizontal curve setting out data, please show the arc lengths and long chord distances to two decimal places of a metre and the setting out deflection angles to the nearest 1”. All levels on the longsection table must be correct to two decimal places. The grades you nominate for the road design must be to no greater precision than one decimal place, except for the final grade, and all R.L.s must agree perfectly with the grade shown. Your road must end exactly at R.L. given for the parking area at your calculated chainage for the end of the road.
Submission 1) The plan showing your straights with the bearings and the scaled distances (0 to IP1), (IP1 to IP2) and (IP2 to the END) clearly marked. Each horizontal curve must be plotted.
2) Horizontal and Vertical Curve Tables completed on the answer sheet.
3) A Longsection, showing: a) in the drawing section, the natural surface, grade lines and the road design. You must also note the extent of each grade and the regions where the vertical curves are located. Also show each IPRL and Mid Ordinate value, as per the example provided. b) in the data rows, the distances and natural surface RLs used to plot the natural surface; the distances and Design RLs at the chainage of each IP of the vertical alignment only.
(Longsection guidance – it is strongly recommended that you use an A4 sheet of 2mm graph paper to draw your longsection. The bottom three rows should show Distance, Design RL and Natural Surface RL. To ensure your longsection fits on the page, the RL of the base line of the plot should be 5m, making the very top of the page RL 33m.) See a detailed example online.
4) Instructions for the survey party:
a) data to mark location of the end of your design from point X, (as per the tables provided) b) data to set out each horizontal curve from its first T.P. by deflection angles and long chords for points at running chainages as requested within each horizontal curve, and the crown of each curve, (as per the tables provided).c) instructions to the survey party for any extra information you wish them to gather, or further setting out, for you to finish your design.
Submission Component and Marks Awarded Marks Plan 1) including finding plan scale and chainages 11 Horizontal Curve calcs (leading to chainages) 2) 20 Longsection 3) 3 VC Calc table: Grades, ordinates, Design RLs 2) 15 Low Point Ch and RL 2) 5 Design meeting specifications and design concepts 3) 13 Traverse and missing line calculations 4)a 8 Curve set out data 4)b 8 Instructions to Survey Party 4)c 7
NOTE This exercise is an assessment of the work done in the Surveying subject this semester. Do not research road design information and go beyond the calculations shown to you in the Surveying classes. You will be marked on the accuracy of your calculations and meeting the specifications. You should therefore treat the calculations of the horizontal and vertical alignments as being totally separate components.
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Prompt: After completing the lecture and reading assignments, write a response to the questions following the case at the end of Chapter 8, “Onboarding at Twenty-First Century.” Include at least one (1) biblical example to support your answers. Do not use the questions in your response.
Requirements: Response must be a minimum of 500 words; APA format.
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Details: Imagine a baby learning words for the first time from immediate family members and close relatives. Picture a group of adolescents preparing for an exam in a second language. Envision adults using language-learning software before travel to a foreign country. Consider the effects of biology and environment on language acquisition in these examples.
Compare the ease of learning one’s native language as a child to the acquisition of a second language as a teenager or an adult. Do some individuals pick up new languages more easily than others? Do some children acquire language skills more readily? What might answers to these questions indicate as to the contributions of biological and environmental factors to language acquisition?
For this Discussion, select one biological and one environmental factor that influence native and second language acquisition. Consider how each factor might influence both native and second language acquisition.
With these thoughts in mind:
Post a description of the biological and environmental factors that you selected. Then explain how each might influence native and second language acquisition. Provide examples to support your response.
Be sure to support your postings and responses with specific references to the Learning Resources.
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Do you believe Carl is aware that he is a follower as well as the first shift supervisor? If you were the vice president (VP) of operations, how would you ensure that Carl understands what needs to be done to improve morale on the first shift?
If you were the VP of finance, and you were aware that the company should hire a more diverse workforce at various levels of the organization, including supervisory positions, what could you do in a short-term period of time to remedy the situation? What could you do in a long-term period of time? Develop a plan for each.
If you were the CEO of the Jamson Manufacturing Company, how would you begin to create an atmosphere where all workers feel that they are accountable yet valued and appreciated in a way that supports organizational growth and excellence?
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CARDWARE Inc. plans to take over First Class Purses & Accessories (FCPA) in an effort to coordinate elegant CARDWARE professional attire with items from FCPA that will complement CARDWARE’s fashion designs. Darla, owner of Darla’s Dummies, a mannequin manufacturer whom CARDWARE had used on numerous occasions happened to be delivering mannequins to CARDWARE’s principal place of business in Silkadonia. As she was bringing the last of the dummies down the hall to the room where the dummies are dressed, she paused to listen to a conversation coming from one of the open doors of the hallway she was using. Realizing that a profit could be made from FCPA’s stock, Darla called her broker and indicated that she wanted to purchase 50 % of the outstanding stock that was available for FCPA. Darla bought 2,000 shares of stock at $30 a share. CARDWARE offered $50 a share and ultimately ended up paying $65 per share for FCPA stock. Darla was no dummy, as she made a $70,000 profit on her stock purchase. The Securities and Exchange Commission (SEC) filed a suit in a federal district court against Darla and others for alleged violations of, among other things, SEC Rule 10b-5. [SEC v. Falbo 14 F.Supp.2d 508 (S.D.N.Y. 1998)] Discuss the following, justifying your response using information from your Reading Under what theory might Darla be liable? Do the circumstances of this case meet all of the requirements for liability under that theory? Explain. Examine the SEC Rule 10b-5. Discuss whether or not Darla was liable under the misappropriation theory.
When conducting business, there are set certain rules that are supposed to be followed by the management and the employee to avoid going against the terms and conditions the business follows. In the case of Darla, the terms and conditions revolving around the operation of the business do not allow her to conduct business without the consent of the other business people(O’Leary-Kelly, et al., 2014). Darla may be liable in the theory which prohibits fraud, misinterpretation, and deceit in the sale and purchase of securities.
Whether the case meet all circumstances under the theory.
The reason behind this question is because the theory provides that there is no consent of misinterpretation and deceit. This is not the case because Darla transacts with the dummies but the company makes profits (O’Leary-Kelly, et al. 2014). This may not be fraud since there is no loss in the company but there is a breach of the contract that was between Darla and then company.
3. Examine the SEC Rule 10b-5
The SEC rule provides that an employee should not employ any device or scheme to fraud (Payne, et al., 2015). Making……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
………………………….First Class Purses & Accessories ………………………………………………………………………………………………………………………………………………………………………………………………………
References
O’Leary-Kelly, A. M., Henderson, K. E., Anand, V. & Ashforth, B. E. (2014). Psychological Contract in a Non-Traditional Industry Exploring the Implication for Psychological Contract Development. Group & Organization Management, 39(3): 326-360.
Payne, S. C., Culbertson, S. S., Lopez, Y. P., Bowel, W. R. & Barger, E. J. (2015). Contract Breach As A Trigger For Judgement To The Psychological Contract During The First Year of Employment. Journal of Occupational and Organizational Psychology, 88(1): 41-60.