Impact of Globalisation on Folk Culture Essay

It has been experienced that every step of movement towards economic, political and cultural modernization, taken by the state in India, is responded to by the people with an enhanced sense of self-consciousness and awareness of identity. Cultural modernization, sponsored by the forces of globalization, is resented if it encroaches upon or does not promote the core cultural values of society, its language, social practices and styles of life. The vigour of the renewed sense of self-awareness generated among the members of the local cultures and communities is such as to succeed in making adaptive reconciliation with the forces of globalization. The linkages both visible and invisible, defining the cultural interdependence among communities and regions in India which have existed historically, reinforce instead of threatening the national identity. These bonds seem to become stronger as India encounters the forces of modernization and globalization. Key Words: Globalization, Culture, Modernization, etc. Globalization is the process which expands and accelerates the movement of ideas and exchange of commodities over vast distances. From a global perspective, globalization’s most important impacts are often highly localized. Globalization really affects people with respect to their way of life, culture, taste, fashion, preferences, etc. It has led to good and bad effects on the lives of the people. With the dream of great opportunities, people used to move from east to west and vice-versa. But, the global financial crisis all over the world resulted in reverse migration. Researches had proved that many foreign-born workers; mainly from China and India, have considered returning home to better job opportunities.

Stat 200 Exam 2

Top of Form Points Awarded| 34. 00| Points Missed| 6. 00| Percentage| 85. 0%| 1. The level of significance associated with a significance test is the probability A)  of rejecting a true null hypothesis. B)  of not rejecting a true null hypothesis. C)  that the null hypothesis is true. D)  that the alternative hypothesis is true. Feedback:  This level of significance, commonly set to ? equal to 0. 05, is used to set the cut-off as the maximum probability a researcher would use in order to reject a true null hypothesis. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 2.A null hypothesis is that the average pulse rate of adults is 70. For a sample of 64 adults, the average pulse rate is 71. 8. A significance test is done and the p-value is 0. 02. What is the  most  appropriate conclusion based on ? of 0. 05? A)  Conclude that the population average pulse rate is 70. B)  Conclude that the population average pulse rate is 71. 8. C)  Reject the hypothesis that the p opulation average pulse rate is 70. D)  Reject the hypothesis that the sample average pulse rate is 70. Feedback:  Since the p-value is less than ? we would reject the Ho the null hypothesis that the population average pulse rate is 70.Points Earned:| 1. 0/1. 0| | Correct Answer(s):| C| 3. If the result of a hypothesis test for a proportion is statistically significant, then A)  the null hypothesis is rejected. B)  the alternative hypothesis is rejected. C)  the population proportion must equal the null value. Feedback:  When a hypothesis test is statistically significant then we reject Ho the null hypothesis Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 4. Which of the following conclusions is  not  equivalent to rejecting the null hypothesis? A)  The results are statistically significant. B)  The results are not statistically significant.C)  The alternative hypothesis is accepted. D)  The p-value < ? (the significance level) Feedback:  All are eq uivalent conclusions for rejecting Ho except when results are  not  statistically significant (i. e. we do  not  reject Ho) Points Earned:| 1. 0/1. 0| | Correct Answer(s):| B| 5. Determine if the statement is a typical null hypothesis (Ho) or alternative hypothesis (Ha). There is no difference between the proportion of overweight men and overweight women in America. A)  Null hypothesis B)  Alternative hypothesis Feedback:  Ho refers to no difference or change or equal to.Ha will be the research hypothesis that involves either a difference, greater than, or less than. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 6. A safety officer wants to prove that ? = the average speed of cars driven by a school is less than 25 mph. Suppose that a random sample of 14 cars shows an average speed of 24. 0 mph, with a sample standard deviation of 2. 2 mph. Assume that the speeds of cars are normally distributed. What are the appropriate null and alternative hypotheses? A)  Ho: ? = 25 and Ha: ? < 25 B)  Ho: ? = 25 and Ha: ? > 25 C)  Ho: ? = 25 and Ha: ? ? 25 D)  Ho: ? ? 25 and Ha: ? = 25E)  Ho: x-bar = 24 and Ha: x-bar < 24 F)  Ho: x-bar = 24 and Ha: x-bar > 24 G)  Ho: x-bar = 24 and Ha: x-bar ? 24 H)  Ho: x-bar ? 24 and Ha: x-bar = 24 Feedback:  The word  less  is the key term in determining the correct Ha expression. Exceeds implies that the investigator is only interested in whether the true  population  mean is  less  than 25. The value of 24 is the  sample  mean. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 7. An ESP experiment is done in which a participant guesses which of 4 cards the researcher has randomly picked, where each card is equally likely. This is repeated for 200 trials.The null hypothesis is that the subject is guessing, while the alternative is that the subject has ESP and can guess at higher than the chance rate. The subject actually gets 70 correct answers out of the 200 trials. Whi ch of the following describes the probability represented by the p-value for this test? A)  The probability that the subject has ESP B)  The probability that the subject is just guessing. C)  The probability of 70 or more correct guesses if the subject has ESP. D)  The probability of 70 or more correct guesses if the subject is guessing at the chance rate. Feedback:  The null hypothesis would be that the subject is guessing, i. . Ho: ? = 1/4. Then the p-value is the probability that if the subject were guessing that they would get 70 or more right Points Earned:| 1. 0/1. 0| | Correct Answer(s):| D| 8. Suppose the significance level for a hypothesis test is ? = 0. 05. If the p-value is 0. 049, the decision is to A)  reject the null hypothesis. B)  accept the null hypothesis. C)  not reject the null hypothesis. Feedback:  With p-value <e; ? our decision is to reject the null hypothesis Ho Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 9. Which statement is tr ue about x-bar and ? -hat? A)  They are both parameters. B)  They are both statistics.C)  x-bar is a parameter and ? -hat is a statistic. D)  ? -hat is a parameter and x-bar is a statistic. Feedback:  Both x-bar and ? -hat represent statistics. Points Earned:| 0. 0/1. 0| | Correct Answer(s):| B| 10. Which of the following statements is correct about a parameter and a statistic associated with repeated random samples of the same size from the same population? A)  Values of a parameter will vary from sample to sample but values of a statistic will not. B)  Values of both a parameter and a statistic may vary from sample to sample. C)  Values of a parameter will vary according to the sampling distribution for that parameter.D)  Values of a statistic will vary according to the sampling distribution for that statistic. Feedback:  The population parameter does not vary, however, the values of the statistic will vary based on the sampling distribution of that statistic P oints Earned:| 1. 0/1. 0| | Correct Answer(s):| D| 11. For a random sample of 10 men, the mean head circumference is x = 57. 3 cm and the sample standard deviation is s = 2 cm. The standard error of the sample mean is A)  0. 200 B)  0. 447 C)  0. 500 D)  0. 632 Feedback:  The standard error equals S/Sq. Rt. of N = 2/3. 16 = 0. 632 Points Earned:| 1. 0/1. 0| |Correct Answer(s):| D| 12. Suppose that a 95% confidence interval for the proportion of first-year students at a school who played in intramural sports is 35% plus or minus 5%. The margin of error for the confidence interval is A)  5% B)  35% C)  95% Feedback:  Ã¢â‚¬Å"plus or minus† indicates the margin of error which is 5% Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 13. In a past General Social Survey, a random sample of men and women answered the question â€Å"Are you a member of any sports groups? † Based on the sample data, 95% confidence intervals for the population proportion who wou ld answer yes are 0. 3 to 0. 19 for women and 0. 25 to 0. 33 for men. Based on these results, you can reasonably conclude that A)  at least 25% of American men and American women belong to sports clubs. B)  there is no conclusive evidence of a gender difference in the proportions of men and women who belong to sports clubs. C)  there is conclusive evidence of a gender difference in proportions of American men and American women who belong to sports clubs. Feedback:  Since the two confidence intervals do not overlap there is conclusive evidence that a difference in the proportions exists Points Earned:| 1. 0/1. 0| |Correct Answer(s):| C| 14. In a past General Social Survey, 87% of a random sample of n = 990 respondents answered yes to the question â€Å"Would you approve of an adult male punching a stranger if the stranger had broken into the man's house? † A 90% confidence interval for the proportion of all Americans who approve of punching an intruder is A)  0. 852 to 0. 888 B)  0. 849 to 0. 891 C)  0. 845 to 0. 895 D)  0. 842 to 0. 898 Feedback:  A confidence interval is found by sample statistic  ± Zmultiplier*StandardError. With p-hat of 0. 87, Zmultiplier of 1. 65 and n = 990, the 90% confidence interval is 0. 49 to 0. 891 Points Earned:| 0. 0/1. 0| | Correct Answer(s):| A| 15. A randomly selected sample of n =51 men in Brazil had an average lifespan of 59 years. The standard deviation was 10 years and the standard error was 1. 400. Calculate a 98% confidence interval for the average lifespan for all men in Brazil. A)  (55. 6, 62. 4) B)  (56. 2, 61. 8) C)  (35. 0, 83. 0) Feedback:  Using degrees of freedom equal to 51 – 1 gives a t* of 2. 40 for confidence level of 98%. The standard error is equal to s/vn = 10/v51 = 1. 400 [given! ]. The interval then is 59  ± 2. 40*1. 400 = (55. 6, 62. 4) Points Earned:| 1. /1. 0| | Correct Answer(s):| A| 16. In a random sample of 1000 students, 80% were in favor of longer hour s at the school library. The standard error of ? -hat is approximately: A)  0. 013 B)  0. 160 C)  0. 640. D)  0. 800 Feedback:  The standard error is found by taking the square root of [(0. 80)(0. 20)/1000] = 0. 013 Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 17. A researcher wants to assess if there is a difference in the average age of onset of a certain disease for men and women who get the disease. Let ? 1  = average age of onset for women and ? 2  = average age of onset for men.A random sample of 30 women with the disease showed an average age of onset of 83 years, with a sample standard deviation of 11. 5 years. A random sample of 20 men with the disease showed an average age of onset of 77 years, with a sample standard deviation of 4. 5 years. Assume that ages at onset of this disease are normally distributed for each gender, do not assume the population variances are equal. What are the appropriate null and alternative hypotheses? A)  ? 1  = ? 2   and Ha: ? 1  ? ?2 B)  ? 1  ? ?2  and Ha: ? 1  = ? 2 C)  ? 1  = ? 2  and Ha: ? 1  < ? 2 D)  ? 1  = ? 2  and Ha: ? 1  > ? 2Feedback:  Since the researcher is interested in detecting only a  difference  this would imply that any difference will do, thus the Ha is ? Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 18. It is known that for right-handed people, the dominant (right) hand tends to be stronger. For left-handed people who live in a world designed for right-handed people, the same may  not  be true. To test this, muscle strength was measured on the right and left hands of a random sample of 15 left-handed men and the difference (left – right) was found. The alternative hypothesis is one-sided (left hand stronger).The resulting t-statistic was 1. 90. This is an example of A)  a two-sample t-test. B)  a paired t-test. C)  a pooled t-test. D)  an unpooled t-test. Feedback:  Since two measurements were taken per individ ual (i. e. for each man sampled muscle strength was measured on his right hand then his left hand) this would be a study using paired data. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| B| 19. It is known that for right-handed people, the dominant (right) hand tends to be stronger. For left-handed people who live in a world designed for right-handed people, the same may  not  be true.To test this, muscle strength was measured on the right and left hands of a random sample of 15 left-handed men and the difference (left – right) was found. The alternative hypothesis is one-sided (left hand stronger). The resulting t-statistic was 1. 90. Assuming the conditions are met, based on the t-statistic of 1. 90 the appropriate decision for this test using ? = 0. 05 and using  T-Table  is: A)  df = 14, so p-value < 0. 05 and the null hypothesis can be rejected. B)  df = 14, so p-value > 0. 05 and the null hypothesis cannot be rejected. C)  df = 28, so p-value < 0. 05 and the null hypothesis can be rejected.D)  df = 28, so p-value > 0. 05 and the null hypothesis cannot be rejected. Feedback:  From  T-Table  and degrees of freedom equal to 15 ? 1 = 14 and a t-statistic of 1. 90, the p-value is between 0. 025 and 0. 050 which is less than 0. 05 making the appropriate decision to reject Ho. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 20. A shoe company wants to compare two materials, A and B, for use on the soles of boys' shoes. In this example, each of ten boys in a study wore a special pair of shoes with the sole of one shoe made from Material A and the sole on the other shoe made from Material B.The sole types were randomly assigned to account for systematic differences in wear between the left and right foot. After three months, the shoes are measured for wear. Let Ho: ? d  = 0 versus Ha: ? d  ? 0. From this random sample of 10 boys, the sample mean difference was 0. 41 and Sd  was 0. 387. If the p-value for this t est is 0. 009, then for a significance level of alpha = 0. 05, are the results statistically significant? A)  No, results are not statistically significant because the p-value < 0. 05. B)  Yes, results are statistically significant because the p-value < 0. 05.C)  No, results are not statistically significant because the p-value > 0. 05   D)  Yes, results are statistically significant because the p-value > 0. 05. Feedback:  Yes, results are statistically significant because the p-value < 0. 05. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| B| 21. The maximum distance at which a highway sign can be read is determined for a sample of young people and a sample of older people. The mean distance is computed for each age group. What is the most appropriate  null  hypothesis about the means of the two groups? A)  The population means are different.B)  The sample means are different. C)  The population means are the same. D)  The sample means are th e same. Feedback:  The null hypothesis, Ho, would indicate that there is no difference and that this would take place in the population. The sample is used to test for a population difference. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| C| 22. The p-value for a one-sided test for a mean was 0. 04. The p-value for the corresponding two-sided test would be: A)  0. 02 B)  0. 04 C)  0. 06 D)  0. 08 Feedback:  When we go from a 1-sided test of hypotheses to a 2-sided test we would double the p-value.Conversely, going from a 2-sided to a 1-sided we would cut the p-value in half. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| D| 23. A shopper wanted to test whether there was a difference in the average waiting times at the check-out counter among 5 different supermarkets. She selected a random sample of 20 shoppers from each of the five supermarkets. What is the alternative hypothesis for this situation? A)  The average waiting time to check out is 25 minutes for all f ive supermarkets. B)  The average waiting time to check out is the same for all five supermarkets.C)  The average waiting time for each of the 100 shoppers is different. D)  The average waiting time to check out is not the same for all five supermarkets. Feedback:  The alternative hypothesis for an ANOVA test is that all the means are not the same, i. e. the means are not all equal. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| D| 24. Which one of the following choices describes a problem for which an analysis of variance would be appropriate? A)  Comparing the proportion of successes for three different treatments of anxiety. Each treatment is tried on 100 patients.B)  Analyzing the relationship between high school GPA and college GPA. C)  Comparing the mean birth weights of newborn babies for three different racial groups. D)  Analyzing the relationship between gender and opinion about capital punishment (favor or oppose). Feedback:  The dependent (response) v ariable needs to be continuous and the different levels of the independent variable need to be mutually exclusive and categorical. This leads to the correct answer of mean birth weights (continuous response) across three racial groups (mutually exclusive, categorical). Points Earned:| 0. /1. 0| | Correct Answer(s):| C| 25. A study compared grade point averages (GPA) for students in a class: students were divided by 6 locations where they usually sat during lecture (i. e. left or right front, left or right center, left or right rear). A total sample size of 12 students was studied (2 students from each section) using one-way analysis of variance. What are the numerator and denominator degrees of freedom for the ANOVA F-test? A)  6 for numerator and 12 for denominator. B)  5 for numerator and 11 for denominator. C)  5 for numerator and 6 for denominator.Feedback:  The numerator degrees of freedom are found by taking the number of group levels minus 1 (this case 6 ? 1 = 5) and the denominator degrees of freedom are found by taking the total sample size minus the number of group levels (12 ? 6 = 6) Points Earned:| 0. 0/1. 0| | Correct Answer(s):| C| 26. A study compared testosterone levels among athletes in four sports: soccer, track, Lacrosse, and water polo. The total sample size was n =30 (10 soccer, 10 track, 5 Lacrosse, and 5 water polo). A one-way analysis of variance was used to compare the population mean levels for the four sports.The sum of squared errors is SS Error = 100. What is the value of the Mean Square Error (MS Error)? A)  10 B)  3. 45 C)  3. 85 Feedback:  The MS Error is equal to the SS Error divided by the Error degrees of freedom (which are equal to the total sample size minus the number of group levels: 30 ? 4 = 26). Therefore, the answer is 100/26 = 3. 85 Points Earned:| 1. 0/1. 0| | Correct Answer(s):| C| 27. On a survey conducted at a university, students were asked how they felt about their weight (about right, overweight , or underweight), and also were asked to record their grade point average (GPA).There were 235 responses, with 160 saying their weight was about right, 50 said they were overweight, and 17 underweight. The question of interest is whether mean GPA is the same or differs for different weight attitude populations. The test F-statistic value is 4. 98. The p-value of 0. 008 is found by calculating: A)  the area to the right of 4. 98 under an F-distribution with 2 and 232 degrees of freedom. B)  the area to the right of 4. 98 under an F-distribution with 2 and 234 degrees of freedom. C)  the area to the right of 4. 98 under an F-distribution with 2 and 231 degrees of freedom.Feedback:  The p-value is the probability of being greater than the F-statistic or simply the area to the right of the F-statistic with the corresponding degrees of freedom for the group (number of group levels minus 1, or 3 ? 1 = 2) and error (total sample size minus the number of group levels, or 235 ? 3 = 232) Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 28. Ninety people with high cholesterol are randomly divided into three groups of thirty, and a different treatment program for decreasing cholesterol is assigned to each group.The response variable is the change in cholesterol level after two months of treatment. An analysis of variance will be used to compare the three treatments. What null hypothesis is tested by this ANOVA F-test? A)  The sample variances are equal for the three treatment groups. B)  The population variances are equal for the three treatments. C)  The sample means are equal for the three treatment groups. D)  The population means are equal for the three treatments Feedback:  The null hypothesis for an ANOVA test is that all population means are equal. Points Earned:| 0. 0/1. 0| | Correct Answer(s):| D| 29.A study done by the Center for Academic Integrity at Rutgers University surveyed 2116 students at 21 colleges and universities. Some of the sch ools had an â€Å"honor code† and others did not. Of the students at schools with an honor code, 7% reported having plagiarized a paper via the Internet, while at schools with no honor code, 13% did so. (Sacramento Bee, Feb 29, 2000, D1. ) For this study, which of the following statements about percent increase in risk is correct? A)  There is a 185. 7% increase in the risk of plagiarism at a school with no honor code, compared to a school with an honor code. B)  There is an 85. % increase in the risk of plagiarism at a school with no honor code, compared to a school with an honor code. C)  There is a 53. 8% increase in the risk of plagiarism at a school with no honor code, compared to a school with an honor code. D)  There is a 6% increase in the risk of plagiarism at a school with no honor code, compared to a school with an honor code. Feedback:  The percentage increase is found by taking the difference in risks between one group minus the baseline and then dividi ng this difference by the baseline risk. Here the answer that makes sense is one using the â€Å"with honor† as the baseline.Doing so produces: (13%-7%)/7% = 85. 7% increase in plagiarism from â€Å"with honor† to â€Å"without honor†. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| B| 30. Which of the following variables  COULD  be used in a Chi-Square analysis? A)  Gender B)  Political Party Affiliation C)  Race D)  Age E)  Course Section Number F)  All of the above Feedback:  All are possible as you could categorize age. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| F| 31. A survey looked at the opinions of 321 respondents from the General Social Survey by whether they owned a gun (or not) and whether they favored (or opposed) a law requiring a permit to own a gun.What is the correct  null  hypothesis for this survey? A)  There is  no  relationship  in the population  between gun ownership and opinion regarding gun law perm it   B)  There is  no  relationship  in the sample  between gun ownership and opinion regarding gun law permit   C)  There  is  a relationship  in the population  between gun ownership and opinion regarding gun law permit   D)  There  is  a relationship  in the sample  between gun ownership and opinion regarding gun law permit Feedback:  There is  no  relationship  in the population  between gun ownership and opinion regarding gun law permit Points Earned:| 1. /1. 0| | Correct Answer(s):| A| 32. Based on the National Household Survey on Drug Abuse, the percentage of 17-year olds who ever tried cigarette smoking is 56. 2%. The relative risk of ever smoking for a 17-year old versus a 12-year old is 3. 6. What is the risk of smoking for a 12-year-old (i. e. what was the percentage of 12-year olds who ever tried smoking)? A)  14. 1% B)  15. 6% C)  50. 0% D)  56. 2% Feedback:  You need to use algebra to solve: Relative risk (3. 6) = one group of interest (17 year olds who tried smoking = 56. %) divided by another group of interest (12 year olds who tried smoking and is unknown). Solving for the unknown comes to (3. 6)*(0. 562) = 0. 156 or 15. 6% Points Earned:| 1. 0/1. 0| | Correct Answer(s):| B| 33. A survey examined the opinions of 321 respondents from the General Social Survey by whether they owned a gun (or not) and whether they favored (or opposed) a law requiring a permit to own a gun. What is the correct  alternative  hypothesis for this survey?A)  There is  no  relationship  in the population  between gun ownership and opinion regarding gun law permit   B)  There is  no  relationship  in the sample  between gun ownership and opinion regarding gun law permit   C)  There  is  a relationship  in the population  between gun ownership and opinion regarding gun law permit   D)  There  is  a relationship  in the sample  between gun ownership and opinion regard ing gun law permit Feedback:  There  is  a relationship  in the population  between gun ownership and opinion regarding gun law permit Points Earned:| 1. 0/1. 0| |Correct Answer(s):| C| 34. A survey examined the opinions of 1447 respondents in the General Social Survey to the question â€Å"Do you favor or oppose the death penalty for persons convicted of murder? † The purpose of examining the data is to see if there is a gender difference in how people would respond to this question. State the  null  hypotheses for this study. A)  There is  no  relationship  in the population  between gender and opinion on the death penalty. B)  There is  no  relationship  in the sample  between gender and opinion on the death penalty.C)  There  is  a relationship  in the population  between gender and opinion on the death penalty. D)  There  is  a relationship  in the sample  between gender and opinion on the death penalty. Feedback:   The null hypothesis speaks of no relationship between the variables in the population. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 35. A regression was done for 20 cities with latitude as the explanatory variable (x) and average January temperature as the response variable (y). The latitude is measured in degrees and average January temperature in degrees Fahrenheit.The latitudes ranged from 26 (Miami) to 47 (Duluth) The regression equation is * y = 49. 4 – 0. 313x The city of Miami, Florida has latitude 26 degrees with average January temperature of 67 degrees Fahrenheit. 1. What is the estimated average January temperature for Miami, and  2. based on the regression equation, what is the residual? A)  Estimated January temperature is 36. 88 and the residual is – 11. 88   B)  Estimated January temperature is 36. 88 and the residual is 11. 88   C)  Estimated January temperature is 41. 3 and the residual is – 25.    D)  Estimated January te mperature is 41. 3 and the residual is 25. 7 Feedback:  The estimated January temperature is 41. 3 degrees Fahrenheit. The residual is 25. 7 degrees (residual = observed minus predicted) Points Earned:| 0. 0/1. 0| | Correct Answer(s):| D| 36. Which of the following correlations indicates a stronger linear relationship between two variables? A)  Ã¢â‚¬â€œ 0. 90 B)  0. 75 C)  0. 50 D)  1. 25 Feedback:  The correct answer is -0. 90. Recall that the  value  of the correlation indicates the strength and this value cannot be less than – 1 nor greater than + 1 (thus ruling out 1. 5 as an answer). The negative sign just indicates the direction of the relationship (positive or negative) and has no bearing on the strength of the relationship. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| A| 37. What is the effect of an outlier on the value of a correlation coefficient? A)  An outlier will always decrease a correlation coefficient. B)  An outlier will always increa se a correlation coefficient. C)  An outlier might either decrease or increase a correlation coefficient, depending on where it is in relation to the other points.D)  An outlier will have no effect on a correlation coefficient. Feedback:  See the lecture notes! Points Earned:| 1. 0/1. 0| | Correct Answer(s):| C| 38. A group of adults aged 20 to 80 were tested to see how far away they could first hear an ambulance coming towards them. An equation describing the relationship between distance (in feet) and age was found to be: * Distance = 600 – 3 ? Age Based on the equation, what is the direction of the association between distance and age? A)  Positive B)  Negative C)  ZeroD)  Direction can’t be determined from the equation. Feedback:  The direction of an association can be ascertained by considering the sign of the slope. Since the slope is negative then so is the association. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| B| 39. Past data has shown t hat the regression line relating the final exam score and the midterm exam score for students who take statistics from a certain professor is * final exam = 50 + 0. 5 ? midterm For a student with a midterm score of 50, the predicted final exam score is: A)  50.B)  50. 5. C)  75. D)  100. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| C| 40. Which of the following is a possible values of R2  indicates the strongest linear relationship between two quantitative variables? A)  -90% B)  0% C)  80% D)  120% Feedback:  Remember that the range of R2  is from 0 to 100%. Thus 80% would indicate the strongest linear relationship, i. e. correlation, based on the square root of 0. 8 is greater than the square root or 0. Points Earned:| 1. 0/1. 0| | Correct Answer(s):| C| Bottom of Form

Changing a Five Day School Week to a Four Day School Week Essay

Changing a five day week to a five day week to a four day week (For schools) Why is our traditional five day week changing to a four day week? Any reason? A four day week would result in extra hours of work, interference with family schedules and much more. In any case what’s the problem with the five day school week? The customary five day school week should stay without any alterations. There are many reasons that support the understanding of having a five day school week instead of changing it into a four day school week. Firstly, people are already used to the five day week and might have to put some changes to their regular habits. Secondly, parents at work would have a very hard time to find a person to take care of their child (babysitter); this would be a big problem for families with no money. In the third reason I speak about the kids interest areas. It would be a loss of time of their practice of their extra-curricular activities that they really enjoy from their choice classes. There are many reasons that support the understanding of having a five day school week instead of changing it to a five day school week. People are already used to the five day school week since centuries and there have not been a lot of problems with the system, so why change it right now? The four day week would make a big difference (bad changes) in their sleeping and eating habits(Proved out by the Canadian center for occupational health). Parents at work would also have a hard time finding a babysitter. They would have a hard time leaving their children alone at home. This would be a big problem for children and families who are poor and cannot afford a person to take care of their children during work. Everyone knows that education for children has an impact on the future of this country. Our education/ learning system has been going on pretty good or let’s just say progressing every day and taking a brake would obviously low the percentage down of getting all these things we hope for. Lots of high schools, middle schools and elementary schools have game time/P.  E which makes children active at least for sixty min. a day. Less activity time can lead to unhealthy diseases such as obesity. Many activities such as orchestra, robotics and arts are chosen by the child with their own interest. If a parent cannot afford a class (outside school) it would be hard for them to enjoy the lost time of the choice class they chose. Now I would like to add on more to my first reason of having a five day week instead of changing it to a four day week. All of us have been using the ive day week for centuries then why change it now? The four day week might bring a sudden change in sleep habits which in turn may cause drowsiness, laziness and other factors during working hours. The four day week might also bring sudden changes in eating habits from more regular parties and unhealthy food.. When you have another weekend, many people oversleep. You might also develop certain health problems from oversleeping on an extra holiday such as diabetes, heart diseases, stress, anxiety, apnea and many more. Another day of a holiday means more partying, and mainly eating more unhealthy food. Problems that you might develop from eating unhealthy food are: Obesity, Diabetes, bulimia, binge eating and many more. There are people out there fighting for a four day week. Let see a few of the other side’s arguments. Some say that having a four day week might help save gas money for the district. However school buses are used on weekends as a public transportation even more which in turn might get the gas costs higher instead of saving a whole bunch of money. Parents also say that children would have extra free time if allowed an extra weekend. But guess what? 70% of all kids in America would prefer to have school instead of an extra weekend. School is a place where you could interact with old friends and make new friends! Fun activities compiled with learning. What would be a better option? In conclusion I would want the school board to consider the decision of having a five day school week because of multiple reasons I told during my essay. Such as people are already used to the five day school week, poor parents and normal parents might have a hard time at work worrying about their children at work and having a babysitter, less education for the future, less activity time, less extra-curricular time and having less face-to-face time with the teacher. Therefore as a call to action I would go to the school board/superintendent and reject all proposals of having a four day week because of these several reasons. I would also write a petition/proposal regarding to keep the 5 day school week the same. This petition would include other parents signatures who agree with me.

Dell, Inc Recalls Laptop Batteries Essay Example | Topics and Well Written Essays - 500 words

Dell, Inc Recalls Laptop Batteries - Essay Example From its establishment, Dell gains worldwide recognition of being one of the most successful information technology companies. The company holds a large market share in all their product lines. Last August, Dell recalls its lithium-ion batteries powering its laptops after pictures of its laptop exploding in a conference in Japan floods the internet. It should be noted that recall involves 4.1 laptop batteries and is the largest made in the consumer electronics industry. The recalled batteries include 2.1 million lithium-ion batteries installed in laptops sold in the United States and another 1.4 million sold overseas from April 2004 to July 2006. Dell does this in order to ward off potential fire hazards which can cause more damage to the customers and the company's brand image (Blakely 1-6). Currently, the cause of the explosion remains unknown. Experts are expressing their concerns over the new battery technologies which make gadgets susceptible to "thermal runaway." Thermal runaway refers to a condition where a faulty battery hits a certain level of temperature and continues to heat up by itself until it finally explodes.

IT Database Research Paper Example | Topics and Well Written Essays - 1000 words

IT Database - Research Paper Example ns† (Microsoft Dynamics), and one wants these activities not to create long backlogs which may hinder with the operation of new asynchronous activities. Separating server roles reduces time for new activities to take place. 3. The N organization must secure its database through strong passwords so that it is made sure that no unauthorized person accesses the database and misuses or steals the stored information. The administrator should take care of where that password is stored and must use encryption classes to protect it. Passwords are a strong obstacle to hackers and harmful operations. 4. Grant, Revoke and Deny are user permissions which are the statements â€Å"to give or take away permissions from a user or role† (Chigrik). The GRANT statement assigns permissions to statements and objects; the DENY permission denies access to the security accounts from inheriting permissions; and, the REVOKE statement removes the GRANT or DENY permissions from user roles. 5. When a flaw is observed in the database, a security patch is used to remove it. Keeping the system patched and up-to-date is the only solution that prevents vulnerabilities. Patch softwares must be regularly updated to receive automatic and critical patch updates. Windows Update website must be visited regularly, and tools like Microsoft Baseline Security Analyzer (MBSA) must be used to scan and identify vulnerabilities. 6. Virus protection has become very crucial to ensure data protection in the database. Virus scanners must be installed in the system (Strebe 141) to protect the database from vulnerable virus attacks. Just purchasing a CD is not enough. Most companies want the user to subscribe with them to receive regular updates which are necessary to counter new viruses. 7. It is important to maintain regular backups of the back-end database so that the data can be retrieved in case of physical security damage, virus attack, data stealth, and other such harmful activities which result in total

Advance Accounting Theory Essay Example | Topics and Well Written Essays - 3500 words

Advance Accounting Theory - Essay Example he traditional budgeting is the performance budgeting where the budgeting is done on the basis of the evaluation of the performance at the end of the financial year which can affect the preparation of budget since the preparation of budget at the end of the year can result in the deficiencies since under traditional budgeting the budget is prepared on the basis of the historical cost and on the basis of the past data and information and traditional budgeting is unfavourable for establishing cost and benefit relationship since the process of traditional budgeting is very complex in nature. 15 The concept of beyond budgeting have been introduced in order to overcome the deficiencies of the traditional budgeting which explains that beyond budgeting is considered as the most appropriate method of budgeting which includes responsiveness, flexibility and coordination. The concept of beyond budgeting has been introduced in order to abandon the concept of traditional budgeting since the beyond budgeting will focus on both financial as well as on non financial measures. This process of beyond budgeting is required to focus and establish standards or benchmarks and identify its competitors rather than framing or establishing its internal targets. The concept of beyond budgeting has become popular in the recent years among the various multinational companies for example a Scandinavian bank has adopted the concept of beyond budgeting which has facilitated the bank to undergo cultural change from establishing of budgets to setting of targets and the improvement in the performance th at has resulted in the cutting down of cost. Beyond budgeting has facilitated each unit to have different and separate profit centre. Therefore beyond budgeting is considered as an important budgeting that will overcome the limitations and the disadvantages of the traditional budgeting (Hope and Fraser, 2003). 16 In the light of recent trends, companies voluntarily furnish their social activities

Working conditions in Brooks Brothers Coursework

Working conditions in Brooks Brothers - Coursework Example Individual associates put our employees under a lot of pressure to make the required sales volumes during the period of economic recessions. An employee must make approximately 85% of all the net sales thus living no time for personal development. One has to work for a long number of hours with minimum overtime compensation. This is turning to be a problem because seem not to care about all the well being of the employees.  There is also no room for employees to develop professionally. Once employed in a creation sector of the business, either making the clothes or marketing or sales, a person is likely to stagnate in one position for a long time. Upper management does not offer the employees the required support. It is the dream of any employee in any work station to climb up the ladder in the job market. However, this seems not to be an issue in this organization. The amount of time given for breaks is very little. All we do is work and work the more. The healthcare provided is a lso limited. The employees are so busy such work is available even during holidays and all this work is done while one is standing up. Thus, it is very tiresome and the pay is just okay  Moreover, the management sometimes does not show up on time to open the retail stores. But when one is unable to make the required sales, then it proves to be a problem with the top management. Sometimes that required promotion from within is also very slow. One can be made to do something impromptu something that had not even been planned for.

The Octogon House Essay Example | Topics and Well Written Essays - 750 words

The Octogon House - Essay Example e house is credited for hosting one time president, James Madison, and First Lady Dolley Madison following the burning of the White House in 1812 during the War. Today the building has found a completely new use. It is used as a museum and hosts several galleries and architectural and design exhibitions. This paper will analyze the Octagon House in light of its design and features and will compare it to architectural designs of the 1700s and early 1800s. The Octagon House is has three stories, its plan featuring a triangle, two rectangles, and a circle. It was so designed such that its symmetrical wing meshes properly with its lot that is triangular in shape. The building has several rooms including the dining room, treaty room, kitchen, and parlor. The building which has six sides has chimneys and a furnace located on the basement as noted by Lonely Planet (2014). From these features, it is beyond doubt that the artwork was meant to be a residential house for a rich family. Its flat roof is made of cedar-shingle roof and balustrade is surmounted by a cupola as noted by Lonely Planet (2014).Furthermore, the building has its rooms so arranged that they seem to be symmetrical with a spiral staircase situated at the centre of the building. Figure one shows part of the Octagon House. The Octagon House building is simply designed although it is a slight departure from the traditional Georgian design that was common in Washington DC it the late 1700s and early 1800s. According to AIA (2014), the building partly is inspired by the Greek style for its interior while its exterior is partly inspired by the federal style. In this respect, the building is a fine example of the kind of architecture that prominently featured in federal buildings at the time. The building is also partly inspired by English architecture of the time. During the 18th and 19th centuries, many buildings in England were circular or octagonal in shape (Brown 2009). Such houses were perceived to be

Structured essay on a comprehensive Marketing Plan to Promote YHA

Structured on a comprehensive Marketing Plan to Promote YHA Australia using UKs Back Packers as market target - Essay Example Cheaper flights and favourable exchange rates have encouraged the tremendous growth of this market with more than 400 000 backpackers expected to visit Australia in 2002. (Macbeth and Westerhausen, 2003) Backpackers hold special potential for regional Australia. Already, backpackers make up more than half of all international visitors and visitor nights in some parts of regional Australia. Their tendency to roam farther afield than other types of tourists is reflected in the fact that backpackers visited an average 10.6 regions in Australia during 1995-96, compared with 2.7 regions for all visitors. However although backpackers are visiting up to four times more of Australia than other types of tourists, large sections of regional Australia continue to be bypassed altogether The marketing strategy for backpacker tourism is composed of four strategies: promote 'quality' tourism based upon: maximizing income from tourism through a value-volume strategy (i.e. relatively lower growth in arrivals, but targeting higher-spending visitors); reducing seasonality; repositioning Australia's image as a destination, with greater emphasis on experiences linked to the island's environment and cultural heritage, marketing Australia's diverse population as a 'a mosaic of nature and culture, a whole, magical world concentrated in a small, warm and hospitable island in the Mediterranean at the crossroads of three continents, between West and East, that offers a multidimensional, high quality tourist experience. Tourism Australia has been active in this segment for a number of years, and is building on past experience to continue to develop it. Investing in this segment now will provide substantial returns in the future as the backpackers of today are likely to become the returning high-yield target markets of tomorrow. Backpackers area unique tourism segment. Their characteristics are as follows: there is an evident and strong social interaction among backpackers, the existence of backpacker enclaves, the relatively prolonged duration of most backpacker journeys compared to the conventional tourist trips), and the inviting traits of a classic anthropological subject, rites of passage. Parallel with the growth and expansion of the phenomenon itself, research into backpacker tourism has grown dramatically too, and a noteworthy share of that research has been conducted by means of ethnography, while a large share of the remainder display much influence from ethnographic methodology. The autho r has been part and parcel of this development as he, since 1990, in total has conducted more than two years of ethnographic fieldwork among backpackers and has published several papers on the ethnography of backpackers INTRODUCTION 'Travel and tourism is the largest industry in the world, accounting for 11.7 per cent of world GDP, 8 per cent of world export earnings, and 8 per cent of employment. This mobility affects almost everywhere, with the World Tourism Organization publishing tourism statistics for over 180 countries (WTO 2002). Almost no countries are not significant senders and receivers of visitors. Internationally there are over 700 million legal passenger arrivals each year (compared with 25 million in 1950) with a predicted 1 billion by

Wuthering Heights by Emily Bronte Essay Example for Free

Wuthering Heights by Emily Bronte Essay Wuthering Heights written by Emily Bronte is a 19th century gothic novel. The book is the story of love and twisted relationships with a splash of heart ache and evil. Heathcliff and Catherine the main characters are supported by a range of others whom interact with them to keep them apart. The novel has been widely read and made into several movies. The Masterpiece theater production of Wuthering Heights from 1996 is a good rendering, but there are several differences between the book and the movie. In the book Heathcliff’s character is developed with complicated personality traits. He is brooding, angry, compassionate and loving. The movie on the other hand, Heathcliff is a bit softer not exactly the dark skin gipsy you would be expecting. Tom Hardy the actor portraying Heathcliff gives a modern day performance of a softer and mellower person rather than the dark and broody character of the novel. The book also has a narrator a character named Lockwood. Lockwood is the character Bronte uses to progress the story along. Lockwood rents the Manor House from Heathcliff. He is rather ignorant gentleman, so he is not keen on being within the boundaries of Wuthering heights. The movie does not provide the audience with a narrator; however, it provides the use of flashbacks to progress the story along. Bronte uses ghosts in the book Wuthering Heights they represent Heathcliff’s emotions. For example the ghost of dead Catherine represents Heathcliff’s guilt and shame. In the movie the director uses nightmares, visual effects and music to represent the emotions of shame and guilt. Both allow the audience to understand the feelings of the character. Although two different representations are used the shame and the guilt of Heathcliff is understood by the audience. Both the book and movie convey the character in depth emotional makeup. The physical aspects of the novel and the movie are different. In the novel Wuthering Heights word description of scenery allows the readers imagination to create. In the movie actual locations are used which give a more define and detail oriented landscape. The castle used in the movie is dark brick and dates back to the 17th century and represents gloom. The movie also shows the viewer the gloomy surroundings of Wuthering Heights; giving the audience a visual clue to the emotions of the character. Catherine’s daughters home Thrushcross Grange is portrayed as simple cottage allowing the audience to visualize peacefulness and happiness. The movie doesn’t give the viewer excitement the way the book does; therefore, it doesn’t give â€Å"that† page turning experience. The movie comes across as if Heathcliff is a demented man with a cross to bear not really giving you the background of the story. While the book gives you the detail of the passion and betrayal that created this man. All the characters are more defined and developed because of Bronte’s artistic writing style. The movie being constrained by time and other factors can’t fully envelope the characters of book. In conclusion, I would choose a book over a movie. Bronte’s writing style is something that sparks the imagination and the readers are enthralled by the tale from page one to the end. The movie only can offer a short time of entertainment. I rather have the adventure of a good read coming to know the story and characters over time with the flip of the pages. .

Causes of the 2008 Sovereign Debt Crisis in Europe

Causes of the 2008 Sovereign Debt Crisis in Europe â€Å"Discuss the causes of the sovereign debt crisis in Europe since 2008 and critically analyse the proposed responses. It is important that you inform your arguments using academic literature.† Introduction The European sovereign debt crisis came to prominence in late 2009, when newly elected Greek Prime Minister George Papandreou announced that previous governments had been distorting the country’s deficit data (Nelson et al., 2012). A revision of the budget deficit forecast was revealed as 12.7% of GDP – a valuation that was almost double the previous figure of 6.0% (Gibson et al. 2012). The reaction to this was a fall in investor confidence, which caused sovereign bond yields to rise to an all-time high (see Appendix 1). This impacted not only Greece, but also other heavily indebted countries within the Eurozone – identified as peripheral nations (Greece, Ireland, Italy, Portugal and Spain). There is growing concern within the Eurozone that these periphery nations could ultimately default on their sovereign debt. European banks currently hold a large portion of the regions government bonds (see Appendix 2); if one nation was to default on its sovereign debt payments it would cause financial pressure throughout the Eurozone (Constà ¢ncio 2012). This is a known as financial contagion, a term described by Dornbusch (2000) as the spread of market shocks from one country to another. The fear of contagion has forced the European Central Bank (ECB) to bailout a number of the periphery nations; however, this is not viewed as a sustainable practice. The aim of this essay is to identify the causes of the sovereign debt crisis and analyse the proposed responses by the European Union (EU). Causes A complex phenomenon, such as the sovereign debt crisis, is built up of a variety of elements. Most analysts believe that the crisis was caused by structural weaknesses present both at the European and national levels, along with factors specific to (Dombret 2013). The structure of the Eurozone is a key factor contributing to the current crisis. A structural deficit exists within the Eurozone with the fact that there is a single monetary policy and decentralised fiscal policy. This creates an imbalance as the monetary policy is controlled by the ECB, whereas individual member states are trusted to set their own revenues and expenditures (Lapavitsas et al. 2010). Given this imbalance, it has led to ‘fiscal free-riding’ by the peripheral economies. These nations have had an increased incentive to borrow as the cost of debt is spread across the entire currency area. The Stability and Growth Pact was created to regulate fiscal expenditure, with one of its tenants being that annual government expenditure should not exceed 3% of GDP (see Appendix 3); however, due to a lack of automatic sanctions, these rules have been universally broken, thus setting the pathway to the current crisis (Anand et al. 2012). The mispricing of sovereign risk and subsequent misuse of capital is also a significant factor that has led to the sovereign debt crisis. As the periphery prepared to join the Euro, their sovereign bond yields began converging with those of the core nations (see Appendix 4). This allowed the periphery access to substantial amounts of low-cost credit, which traditionally, they had not experienced before. Voltz (2012) suggests that the sovereign risk of the periphery was mispriced by the capital markets, which has led to an â€Å"unsustainable accumulation of private and public debt†. In Greece, the inflow of capital financed excessive government spending, whilst in Ireland and Spain it led to creation of banking and real-estate bubbles. When capital markets tightened during the financial crisis of 2008, the unsustainability of these debts became apparent as the periphery struggled to finance its existing sovereign debt. Moreover, the governments were forced to assume private se ctor debt as national banks declined and speculative bubbles burst necessitating large bailout packages (Nelson et al. 2012). The Eurozone created an illusionary sense of prosperity. Lin (2012) explains that the sense of prosperity was illusionary as there was a progressive loss of competiveness of the periphery in relation to the core. This loss of competitiveness was partly a result of sharp wage rises in the non-core countries, leading to large current account deficits (Lapavitsas 2012). These deficits were funded by sovereign debt, with most of the debt being held by the core’s banks – a key factor in increasing contagion risk. Historically, nations running a current account deficit would devalue their currency in order to improve their position (Simkovic 2011); however, due to the monetary policy inflexibility within the Eurozone this is not possible. A culmination of the factors mentioned above has resulted in a huge fall in investor confidence, marked by a decrease in available credit (see Appendix 5). Due to the high levels of high risk sovereign debt, Standard Poor has downgraded the credit ratings of a number of Eurozone nations. To regain global confidence, the EU must provide a strategy that will tackle the underlying issues present within the Eurozone. Responses The immediate response from the EU has been to create financial firewalls. These have been in the form of rescue mechanisms, such as the EFSF (2010-2013) ESM (2012+), which have the ability to buy sovereign debt, recapitalise banks and provide bailout packages to the Eurozone nations (Thesing 2011). However, this is a short term solution to a long term problem. Regling (2012), CEO of EFSF, has stated that the mechanisms should only be used to â€Å"buy time† while the root causes are eliminated. This calls for responses aimed at reducing government debts and deficits, as well as structural reforms at European and national levels. A favoured approach by national governments to contain their finances has been an implementation of fiscal consolidation. AÄÅ ¸ca (2013) defines fiscal consolidation as policies that â€Å"cut budget deficits and reduce public debt levels†. The ECB and IMF have been aiding nations with the design, implementation and supervision of these policy reforms. Fiscal consolidation has, so far, proven to be a success, with Ireland’s sovereign bond yields falling from 11.8% to 3.5%. Undoubtedly, this route of austerity carries negative implications. As well as the social costs involved, fiscal consolidation is known to stagnate economic growth (Anand 2012). To regain investor confidence, the fiscal policies need to be coupled with national structural reforms aimed at increasing competitiveness (Dombret 2013). Ireland and Spain have both reduced their current account deficits through the use of these reforms (see Appendix 6), highlighting that the periphery must embrace this strategy. As we have discussed, the lack of fiscal control and regulation was a major factor in the birth of the sovereign debt crisis. To rectify this problem there has been major responses a European level. A new reform of the Stability Growth Pact, known as the fiscal compact, was created in 2011 with the aim of providing â€Å"enhanced coordination in fiscal and economic policy† within the Eurozone (Regling 2012). This reform ensures member states adhere to the 3% deficit and 60% debt-to-gdp rules of the Maastricht Treaty, through the creation of an automatic sanction procedure. A yearly review of Member States’ budgetary and structural policies, known as the European Semester, has also been put into effect (Bowler 2013). These structural reforms will help put government finances on track. However, it does not address the underlying issue that member states are trusted to set their own fiscal budgets. To address this issue, analysts have called for the creation of a European fiscal union. Weidmann (2012) believes that a fiscal union provides the â€Å"cornerstone of framework for the monetary union†. To achieve this, it would require deeper political integration within the Eurozone; this would necessitate legislative changes at both the European and national level. Accomplishing the required level of political integration, with the 18 member-states, would be a near-impossible task due to the conflicting agendas and ideals (Feust 2012). Hence, if they structural deficits within the Eurozone are to be fixed, these nations will need to work collectively. A current topic of debate has been to do with the potential introduction of so called â€Å"Eurobonds†, where bonds are issued on a European front and finances distributed accordingly. While the introduction of these bonds would send a statement of commitment to the Euro (Nelson et al. 2012), the incentive to increase debt would rise as the liability would be spread across the member-nations. This would result in a case of the core, again, paying for the actions of the periphery. Conclusion Nevertheless, the European sovereign debt crisis remains a growing problem for the global economy. I feel the elemental decision that needs to be made is whether the euro should be brought closer together, or whether it would be best for the future of the Eurozone to sever ties with the periphery. Although fracturing the euro is a radical response, it may be the only way to curb the threat financial contagion poses. Regardless of the decision made, the European sovereign debt crisis has exposed dangers of fiscal recklessness, and should serve as a lesson to future economists, governments and monetary unions (Sandoval et al. 2011). Reference List AÄÅ ¸ca, S. Deniz, I. (2013),Fiscal Consolidation and the Cost of Credit: Evidence from Syndicated Loans . IMF Working Paper[Online]. Available at:http://www.imf.org/external/pubs/ft/wp/2013/wp1336.pdf(Accessed: 2th February 2014). Anand, M. R., Gupta, G. L., Dash, R. (2012),The euro zone crisis Its dimensions and implications. Department of Economic Affairs (DEA), Minsitry of Finance, India.[Online]. Available at:http://mof.gov.in/WorkingPaper/euro_zone_crisis.pdf(Accessed: 10th February 2014). Constà ¢ncio, V. (2012), â€Å"Contagion and the European debt crisis†,Financial Stability Review,(No. 16), pp. 110. Dornbusch, R., Park, Y. C. Claessens, S. (2000), â€Å"Contagion: Understanding How It Spreads†,World Bank Res Obs,Vol. 15(No. 2), pp. 177-197. Dombret, A. (2011),Europes sovereign debt crisis causes and possible solutions,Available at:http://www.bis.org/review/r120111b.pdf(Accessed: 4th February 2014). Dombret, A. (2013),The European Sovereign Debt Crisis – Past, Present and Future,Available at:http://www.bundesbank.de/Redaktion/EN/Reden/2013/2013_08_26_dombret.html(Accessed: 7th February 2014). Fuest, C. Peichl, A. (2012),European Fiscal Union: What Is It? Does It Work? And Are There Really ‘No Alternatives’?. IZA Policy Paper No. 39[Online]. Available at:http://ftp.iza.org/pp39.pdf(Accessed: 3rd February 2014). Gibson, H. D., Hall, S.G. Tavlas, G. S. (2011),The Greek financial crisis: growing imbalances and sovereign spreads. Working Papers 124[Online]. Available at:http://www.bankofgreece.gr/BogEkdoseis/Paper2011124.pdf(Accessed: 1st February 2014). Lapavitsas, C., Kaltenbrunner, A., Lindo, D., Michell, J., Painceira, J. P., Pires, E., Powell, J., Stenfors, A. Teles, N. (2010), â€Å"Eurozone crisis: beggar thyself and thy neighbour†,Journal of Balkan and Near Eastern Studies,Volume 12(Issue 4), pp. 312-373 [Online]. Available at:http://researchonmoneyandfinance.org/media/reports/eurocrisis/fullreport.pdf(Accessed: 8th February 2014). Lin, J. Y. Treichel, V. (2012),The Crisis in the Eurozone,Available at:http://www.worldfinancialreview.com/?p=2303(Accessed: 6th February 2014). Lapavitsas, C. (2012),Crisis in the Eurozone, New York: Verso Books. Nelson, R. M., Belkin, P., Mix, D. E. Weiss, M. A. (2012),The Eurozone Crisis: Overview and Issues for Congress. US Congressional Research Service Reports[Online]. Available at:http://www.fas.org/sgp/crs/row/R42377.pdf(Accessed: 8th February 2014). Regling, K. (2012),Europe’s Response to the European Sovereign Debt Crisis. Anders Chydenius Free Trade Seminar[Online]. Available at:http://www.efsf.europa.eu/attachments/20120608_speech regling_anders_chydenius_seminar_kokkola_en.pdf(Accessed: 2nd February 2014). Sandoval, L., Beltran, E., Ulziikhutag, S. Zorigt, T. (2011),The European Sovereign Debt Crisis: Responses to the Financial Crisis. New Voices In Public Policy Vol. 5[Online]. Available at:www.journals.gmu.edu/index.php/newvoices/article/download/4/4(Accessed: 4th February 2014). Somkovic, M. (2011),Bankruptcy Immunities, Transparency, and Capital Structure,Available at:http://siteresources.worldbank.org/EXTGILD/Resources/Jan11-FC-Simkovic.pdf(Accessed: 6th February 2014). Thesing, G. (2011),European Rescue Fund May Buy Bonds, Recapitalize Banks, ECBs Stark Says,Available at:http://www.bloomberg.com/news/2011-01-22/ecb-s-stark-says-rescue-fund-may-buy-bonds-recapitalize-banks.html(Accessed: 9th February 2014). Voltz, U. (2012),Lessons of the European Crisis for Regional Monetary and Financial Integration in East Asia. ADBI Working Paper Series[Online]. Available at:http://www.adbi.org/files/2012.02.21.wp347.lessons.european.crisis.east.asia.pdf(Accessed: 3rd February 2014). Weidmann, J. (2012),Everything flows? The future role of monetary policy,Available at:http://www.bundesbank.de/Redaktion/EN/Reden/2012/2012_06_14_weidmann_everything_flows_the_future_role_of_monetary_policy.html(Accessed: 4th February 2014).