...best for understanding some situation. For example, average household income is heavily right skewed, which means median income is often more representative of a typical household income than the mean. Finally, sometimes statistics can be misrepresented due to incorrect sampling methods. One common mistake is to "sample on the dependent variable". For example, say a journalist is interested in how well a random set of 100 stocks performed over the past 20 years. If the journalist took a random sample of 100 stocks currently trading today, this would be incorrect and overstate returns due to "survivor bias". One would need to instead pull a sample of 100 random stocks that were trading 20 years ago, as some then might go bankrupt or merge under adverse circumstances, reducing the mean returns. Threading sample: I completely agree with your in depth analysis. You really do point out some of the most leading facts about the subject. Sometimes statistics can be misrepresented due to incorrect sampling methods. One common mistake is to "sample on the dependent variable". For example, say a journalist is interested in how well a random set of 100 stocks performed over the past 20 years. If the journalist took a random sample of 100 stocks currently trading today, this would be incorrect and overstate returns due to "survivor bias". One would need...
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...The past eight years have been difficult for the Baldwin company. A few costly mistakes in the early years have plagued the company and overshadowed what might have otherwise been a successful transition through one of the most unstable periods in the industry’s history. The most costly mistakes included a lack of investment in sales, underutilizing assests, and the failure to roll out a new product in a timely manner. Under production in the early years disguised the damage caused by the lack of investment in sales. The first year saw the company sell nearly all production and end the year with satisfactory inventroy levels, but Baldwin simultaniously lost 20% of its market share that same year. Market share continued to drop in the first few years and it wasn’t until the fourth year that the company invested heavily in sales and began to increase market share. The failure to roll out the new product on time was perhaps the most devistating blow to Baldwin as this was a simple matter of miscommunication. A simple clerical mistake with the product improvement schedule pushed back the revision date for the new bing product that cost the company an estimated $5 million in idel plant capacity, marketing dollars, and reposition costs. The stock market and the S&P rating punished the company for these early mistakes. It became costly for the company to raise capital, and the company fell behind in their ability to produce at a competitive cost relative to the competition...
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...Kermit and the Keyboard Three years ago, Kermit decided that he wanted to learn to play the keyboard. Many years ago, he studied music formally, and he enrolled as a music performance major at a local university. He became proficient at clarinet and saxophone and played in both the community symphony and a five- piece dance band. However, the repetitive nature of concerts— playing the same pieces time and again—eventually bored Kermit, and he dropped out of school before earning a degree. Kermit became attracted to the keyboard because he liked the idea of a one-man band. The electronic capabilities of these instruments are truly amazing. One person at the controls can indeed sound like many instruments playing in harmony. The instrument Kermit bought had many built-in features (e.g., prerecorded backgrounds and accompaniments, different voices and rhythms, the ability to play and record multiple tracks, the ability to slow down or speed up the accompaniments). As one might imagine, the instrument also came with a lengthy manual illustrating and describing all its various features and how to use them. Although Kermit learned to read a musical score when he was taking formal lessons, he has never played a keyboard before, so he spends time hunting and pecking on the keys to familiarize himself with the layout. He hauls out some old music instruction books with simple exercises in them, and he buys a couple of fake books that contain familiar popular songs. Fake books show what...
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...Jeremih, and Zayn who purchased goods from their store and then tried to return the destroyed goods for a full refund. The following case is an example of four young college students making a mistake out of inexperience and youth. I will be defending the four students and showing why they should be able to rescind their contracts. Ariana (defendant) is 19 and purchased a sofa and framed print from Apartments ‘r’ Us (plaintiff) with cash for $1400. She notified the plaintiffs that she wanted to disaffirm the contract which was voidable at her discretion because she is considered an infant under the law of Hollis. The legal...
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...|Aspects |ONE Bank Ltd [OBL] |Trust Bank Ltd [TBL] | |Physical design: Both are third generation Bank, operating in Bangladesh for more than 14 years. | |OBL’s head office is located at Kawran Bazar. It has 73 branches |TBL’s head office is located at Kawran Bazar and 88 branches including service| |including service centers are at different places of the country.|centers are at different places of the country. Out of 88 branches, 13 | |All branches are located at commercial viable places. |branches are cantonment based considering Bank’s intention towards servicing | | |defense officers. | |Both Banks do not have sufficient parking lot for all branches in its premises. Thus, customers and employees share parking lot or park on the | |roadside. | |Both Banks office and branches are well decorated. However, TBL’s branches are more spacious than OBL, which helps TBL in some areas to attract | |more retail customers. | |Based on the above,...
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...1. When will the courts allow a unilateral （单方）mistake of fact to impair the enforceability of a contract? Courts will generally allow a unilateral mistake of fact to impair the enforceability of a contract if the nonmistaken party has caused the mistake or knew or should have known or should have known of the other party’s mistake, and the mistaken party exercised ordinary care. 2. What types of mutual mistakes do not make a contract defective? Mistake as to value, quality, or price; mistake as to the terms of the contract; mistake as to the law, mistake as to expectations. 3. Explain the difference between fraud in the factum and fraud in the inducement? Fraud in the factum: defrauded party did not intended to enter into a contract; the defrauded party may also be tricked into signing a contract under circumstances in which the nature of the writing could not be understood. Fraud in the inducement: defrauded party intended to make a contract; it involves a false statement regarding the terms or obligations of the transaction between the parties and not the nature of the document signed. 4. When can a statement of opinion constitute fraud? Statements of opinion, as contrasted with statements of fact, do not, as a rule, constitute fraud. 5. If an agreement is void, what must a party do to set it aside? Neither party may enforce it so no special act is required for setting the agreement aside. 6. In what ways are usurious contracts...
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...Nhat Nguyen ESL 41 WA 6 Nov 9, 2015 My Mistake We always have many mistakes in our life every day. We need to learn from our mistakes so that we do not relapse them. Two years ago, I had forgotten to turn off my oven when I was cooking. This is my biggest mistakes I ever made. At this time, My mom and I cooked a lot of food to celebrate my brother’s birthday. We prepared it from 10 am until 4 pm. When we cooked chicken soup, my mom needed some spices so she went to the market to buy them. I turned on my gas oven to heat the chicken soup and put some onion inside. At this time, my friends came to my house and helped me fix my bike. It took us about 20 minutes to fix my bike in the garage. I forgot to turn off my oven. The chicken broth was boiling and flowing on the carpet. The fire alarm rang loudly. It made me upset, nervous, and depressed. I could not do anything at this time. I did not know how to solve my problem. My mom came home and she was very surprised at the result. She scolded me for doing this mistake. After that, my mom said she should cook another soup. I cleaned the carpet and mopped the floor for my mom. I was very angry with myself for making such a stupid mistake. I hope I will never do this mistake again. This mistake will help me never forget to check the gas oven when I want to go out. Word count:...
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...June 20, 2011 Case Study #3 Case Problem: Hamilton County Judges Three major court systems in Hamilton County were reviewed in depth, and case information from the Common Pleas, Domestic Relations, and Municipal Courts were reviewed. This study compiles information from 38 Judges who had a total of 182,908 cases presented to them over a three year period. This study shows the number of cases that were disposed, appealed, and reversed. This study is to aid in determining which judges have a greater proficiency trying cases and their verdicts stand as rendered, rather than the verdicts being appealed or reversed. Each judges case load was reviewed and the statistics were determined by how many cases have been appealed, reversed or a conjunction of both. This information will help determine the judges who have made the least, as well as the most errors, while serving in the Hamilton County Court System over the three year period. This study will show that for all the disposed cases in the Hamilton County Court System during the 3 year evaluation period, the Common Pleas Court the probability of a case being appealed and reversed is 0.1129 (11.29%); Domestic Relations Courts probability of a case being appealed and reversed is 0.1604 (16.04%); Municipal Court probability of a case being appealed and reversed is 0.2080(20.80%). The probability of a case being appealed, per judge is: (P) indicating Probability Common Pleas Court Judges: (P) of Appeal per Judge (P) of...
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...Mistakes are key to history because if no one made mistakes we would never learn anything other than what we already know. Schliemann made many mistakes he was dishonest, he loved to have a profuse amount of money for himself, he was selfish, he took all the credit when he worked with others, and he loved to trick people. Schliemann made many mistakes digging up the lost land Troy he took almost all the credit from Calvert and he ruined key evidence that could've proven that the lost land of Troy was near. Schliemann made most of his fortune in the Gold Rush which lead him to his 2nd career which was archaeology. Schliemann loved traveling and learning so much that he named his children Agamemnon and Andromache, he also could speak 13 languages...
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...X 1 1. If an organization has three information assets to evaluate for risk management as shown in the accompanying data, which vulnerability should be evaluated for additional controls first? Which one should be evaluated last? Asset A: Switch L47 connects a network to the Internet. It has two vulnerabilities. It is susceptible to hardware failure at a likelihood of 0.2 and is subject to an SNMP buffer overflow attack at a likelihood of 0.1. The switch has an impact rating of 90 and no current controls in place. You are 75% certain of the assumptions and data. Asset B: Sever WebSrv6 hosts a company Web site and performs e-commerce transactions. It has a Web server version that can be attacked by sending it invalid Unicode values. The likelihood of that attack is estimated at 0.1. The server has been assigned an impact value of 100, and a control has been implanted that reduces the impact of the vulnerability by 75%. You are 80% certain of the assumptions and data. Asset C: Operators use an MGMT45 control console to monitor operations in the server room. It has no passwords and is susceptible to unlogged misuse by the operators. Estimates show the likelihood of misuse is 0.1. There are no controls in place on this asset; it has an impact rating of 5. You are 90% certain of the assumptions and data. 3. Suppose XYZ Software Company has...
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...system goes around killing criminals as well. I don't agree with capital punishment, and that a criminal would suffer more by being kept alive; serving a life sentence in prison. Capital punishment has it's flaws and doesn't do anything better for the society. The government system can make mistakes while investigating a criminal, in turn, the inmate would be convicted to death row by error. In 1995, the state of Missouri executed Larry Griffin for allegedly murdering a man in a drive-by shooting. ("Executed") Griffin maintained his innocence until his death, and in 2007 the St. Louis Circuit Attorney found that Griffin was guilty, due to a false witness testimony. It goes to show that many people sit on death row waiting to get executed are in all actuality guilty of their crime. You can keep a killer off the streets without executing them, by giving them life without parole. It won't be easy for the criminal, for he will be thinking about how he will spend the rest of his life locked up, knowing he will never get out. According to an issue in the ACLU of Northern California, letting a person die while serving a sentence of life without parole, is 3x cheaper and also protects any mistakes of sentencing an innocent person, than sentencing them to death. ("The Truth About") Many studies have shown that it cost more to execute a person, rather than letting them serve life in prison. The process of sentencing a person to death is a lengthy more complex time frame than most...
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...of 8% per year for the past three years), shrinking market share (an average of 3 % per year for the past five years) and an increasingly competitive market (with an average increase of 20% in automotive stores over the past three years). the management of Sears, failed to raise their level of thinking to the Explore, Discover and Design phase of the Model. Instead they implemented a series of policies and procedures which gave pressure to bringing sales lead to the motivate of employees that misleading and selling unnecessary parts and services to the customers. ------------------------------------------------------------------------------------------------------------------------ Answer ISSUE STATEMENT : Facing an average of 8% per year decline on revenues for the past three years, shrinking market share of 3% per year for the past 5 years, as well as the increasing number of competitors, the management of Sear roebuck & co. had failed to think critically and strategically in order to come up with a new, suitable plan but spurring performance of its employees via a flawed incentive compensation scheme which resulted in misleading and selling customer unnecessary goods. 1. Due to the face of declining revenues (an average of 8% per year for the past three years), shrinking market share (an average of 3 % per year for the past five years) and an increasing competitive market (with an average increase of 20% in automotive stores over the past three years). 2. Automotive...
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...Claim letter-1 Axil Limited House-324, Ground floor, Lane-34, Dhanmondi, Dhaka, Bangladesh. 20 February, 2011 Your Reference: Letter no. 46-PA of 19 February Our Reference: BT-39. The Sales Manager Suhas Johnson And Company 45 Navana Tower, Chittagong, Bangladesh. Dear Sir, On 10 February 2011 we ordered 3000 bottles of shampoos from Soptorshi and Co, Dhaka, one of your authorized dealers. After arriving the consignment today we checked its contents and found that 520 bottles were missing. There is a great demand for this shampoo in this town at this time of the year and we expected to clear the whole stock during the next one month. But it appears some of our customers will have to be disappointed. With enormous resources at your command we hope you can save the situation by sending 520 bottles of shampoo immediately by quick transit service. We would very much appreciate an early reply. Yours faithfully, ----------------- I. A. Ila Purchase Manager ANK/lg Encl: 1 Adjustment letter-1 Suhas Johnson And Company 45 Navana Tower, Chittagong, Bangladesh ...
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...Charlize Theron Breach of Contract Lawsuit Professor Navarro - LS311: Business Law I Unit 5: Contracts: Part II By: Monique Dallas-Upshaw January 10, 2013 In this case, Charlize Theron has a $20 million breach of contract lawsuit against her. The suit was filed, when Swiss watchmaker Raymond Weil claimed that Theron had worn a Christian Dior watch during a press event in 2006, despite being paid "substantial funds" to exclusively wear Raymond Weil timepieces during the time in question. Even though Theron has settled the lawsuit (according to papers filed in Manhattan Federal Court), I intend to show how the contract was allegedly breached. Furthermore, I will explain what defenses that may be available to her and the remedies that may be available to the plaintiff. Theron actually breached her contract with Raymond Weil when she went against what she was paid to do, which was wear one of Weil’s timepieces at a press event in 2006. I am assuming that this was an endorsement contract that was to significantly advertise their product which would induce their revenues. Because she wore a competitor’s watch, the contract was breached and her actions gave Dior the advertising and potential revenues that were due to Weil. Now, Raymond...
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...of the age of majority according to the law to which he is subject, and who is of sound mind, and is not disqualified from contracting by any law to which he is subject." It can thus be determined that the following persons are incompetent to enter into any agreement:-- * any minor * any person of unsound mind * any person disqualified by law to which he is subject. The age of majority has been determined by the Indian Majority Act, 1875 which states "Every person domiciled in India shall be deemed to have attained his majority when he shall have completed his age of eighteen years, and not before. In the case, however, of a minor of whose person or property or both a guardian has been appointed by a court, or of whose property the superintendence is assumed by a court of wards, before the minor has attained the age of eighteen years, when he has completed the age of 21 years." Section 12 of the Contract Act determines when a person is said to be of sound mind. It states "A person is said to be of sound mind for the purpose of making a contract if, at the time when he makes it, he is capable of understanding it and of forming a rational judgment as to its effect upon his interests. A person, who is usually of unsound mind, but occasionally of sound mind, may make a contract when he is of sound mind. A person, who is usually of sound mind, but occasionally of unsound mind, may not make a contract when he is of unsound mind." ------------------------------------------------- ...
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