Financial Aspects of Recreation and Sport Essay Example | Topics and Well Written Essays - 500 words

Financial Aspects of Recreation and Sport - Essay Example One of such key issues in the address was on trade policy. In his address to Americans President, Obama showed the need to protect business and citizens to have a fair share in foreign trade. In order to do that the president requested the need for parties to provide him trade promotion authority. This would help Americans be sure of the world economic market that Obama projected to have 25% customer base. He added that this would be with new trade agreements or deals from Europe to Asia that are free and fair. Basing on the context of recreational Industry, the address provides for many potential gains as individual firms can expand abroad and in turn come and invest even more within the borders of United States. The proposal by the president is essential and will impact the industry in the long run as it aims to open even larger markets in regions that United States previously ignored. There are a lot of advantage in recreation industry that accrue from improved trade links between United and other regions of the world. The industry is dynamic and requires a lot of within and out of border investors. Investment in recreation and sports industry has been a challenge and through more open links there is a possibility of a boost in investment. Growth is also expected through innovations and research. The second issue was the president intention to protect a free and open Internet, and extend its accessibility to every classroom, and far to every community and assist folks build the quickest networks so that the future will be of digital innovators and successful entrepreneurs have the platform to continue reshaping the world. The address used example of China that has been making great strides in making global treaties at the expense of United States. Critically analyzing the potential gains from this agenda, it can be deduced that the initiative will help grow recreational industry. Accessibility of free and open internet provides an opportunity for

Working Hypothesis Report Assignment Example | Topics and Well Written Essays - 250 words

Working Hypothesis Report - Assignment Example Listed below is the interest rate charged on a a) Based on the dataset, we conclude that the Mean of the sample is 48.18. Accepting the given population Mean of 50 and the standard deviation of 3, this sample is within .01 or is included within the 99% range of probability. b) Using a z-statistic is applicable due to the range of data that fall evenly above and below a given mean on a normal distribution. The z-statistic tests to see if the sample follows the expectation of the population. In this case, the sample complies with the population parameters, as the mean falls within 1.918 standard deviations of the population mean. A z-test is appropriate, because the population variance is known. If we did not have this information, then a t-test would be more appropriate. Given the fact that the sample contained an outlier of 55.8, one would expect that the sample is skewed based on that data point. This is true, because if we were to remove the outlier, the new sample mean would be 47.33 and the corresponding z-stat would be -2.67, giving a p-value of 0.0076. This result would lead us to accept Ha, since p-value Variance: This is the average of the sum of squares of the variation from the mean. In English, this means that you take the difference between each data item and subtract the mean. You then square each number. Total them together and divide by the number of data points minus the number of variables. You will see this as ∑(x-u)2 / (n-1) Data point is the average for your sample data, while mean is the population mean and std deviation is the std deviation for the population. You will normally be given these numbers for the population, so you are comparing your