Practice Midterm Exam (Statistics) Free Essays

AMS572. 01 Practice Midterm Exam Fall, 2007 Instructions: This is a close book exam. Anyone who cheats in the exam shall receive a grade of F. We will write a custom essay sample on Practice Midterm Exam (Statistics) or any similar topic only for you Order Now Please provide complete solutions for full credit. Good luck! 1 (for all students in class). In a study of hypnotic suggestion, 5 male volunteers participated in a two-phase experimental session. In the first phase, respiration was measured while the subject was awake and at rest. In the second phase, the subject was told to imagine that he was performing muscular work, and respiration was measured again. Hypnosis was induced between the first and second phases; thus, the suggestion to imagine muscular work was â€Å"hypnotic suggestion† for these subjects. The accompanying table shows the measurements of total ventilation (liters of air per minute per square meter of body area) for all 5 subjects. Experimental Group | |Subject |Rest |Work | |1 |6 |6 | |2 |7 |9 | |3 |8 |9 | |4 |7 |10 | |5 |6 |7 | (1) Use suitable test to investigate whether there is any difference between the two experimental phases in terms of total ventilation. Please state the assumption(s) of the test and report the p-value. At the significance level of 0. 05, what is your conclusion? (2) Please write up the entire SAS program necessary to answer questions raised in (a). Please include the data step as well as tests for testing for various assumptions. Solution: (1) Assume that the difference [pic]is normal. [pic] and [pic] The hypotheses are [pic] v. s [pic]. The test statistic is [pic] Since [pic] and [pic], we can not reject [pic] at [pic]. [pic] (2) The SAS code is as follows: data hypnosis; input subject rest work @@; iff=work-rest; datalines; 1 6 6 2 7 9 3 8 9 4 7 10 5 6 7 ; run; proc univariate data=hypnosis normal; var diff; run; 2 (for all students in class). John Pauzke, president of Cereals Unlimited, Inc. , wants to be very certain that the mean weight ? of packages satisfies the package label weight of 16 ounces. The packages are filled by a machine that is set to fill each package to a specified weight. However, the machine has random variability measured by ? 2. John would like to have strong evidence that the mean package weight is above 16 ounces. George Williams, quality control manager, advises him to examine a random sample of 25 packages of cereal. From his past experience, George knew that the weight of the cereal packages follows a normal distribution with standard deviation 0. 4 ounce. At the significance level ? =. 05, (1) What is the decision rule (rejection region) in terms of the sample mean [pic]? Please derive the general formula using the concept of Type I error rate. (2) What is the power of the test when ? =16. 2 ounces? Please derive the general formula for power calculation first. 3) What is the sample size necessary to ensure a power of 80% when ? =16. 2 ounces? Please derive the general formula for sample size calculation based on the Type I and II error rates first. Solution: (1) [pic] [pic]. [pic]. [pic]. [pic] Hence, the rejection region is [pic]. (2) [pic] [pic] (3) [pic] [pic][pic]. [pic] Hence, about 25 packages of cereal should be sampled to achieve a power of 80% when (=16. 2 ounces. 3a (for all exc ept AMS PhD students). Inference on one population mean when the population is normal, and the population variance is known. Let [pic], be a random sample from the given normal population. Please prove that 1) [pic]. 2) [pic]. Solution: (1) [pic] Thus, [pic] (2) [pic] Thus, [pic] 3b (for AMS PhD students ONLY). For a random sample from any population for which the mean and variance exist. Please prove that 1) The sample mean and sample variance are unbiased estimators of the population mean and variance respectively. 2) When the population is normal, we have learned that the sample mean and the sample variance, are indeed, independent. Please prove this for n = 2. That is, for a random sample of size 2 only. Solution: (1) [pic] [pic] (2) When n=2, [pic], [pic] If we can show that [pic] and [pic] are independent, then [pic]and [pic]are independent. This can be done easily using the mgf technique: [pic] 4 (extra credit for all). An expert witness in a paternity suit testifies that the length (in days) of pregnancy (that is, the time from impregnation to the delivery of the child) is approximately normally distributed with parameter [pic] and [pic]. The defendant in the suit is able to prove that he was out of the country during a period that began 290 days before the birth of the child and ended 240 days before the birth. If the defendant was, in fact, the father of the child, what is the probability that the mother could have had the very long or very short pregnancy indicated by the testimony? Solution:let [pic]~[pic] and [pic]~[pic] [pic](the woman had a very long or very short pregnancy) [pic] [pic] Happy Halloween! How to cite Practice Midterm Exam (Statistics), Papers

People Management Commitment to Environmental

Question: Discuss about the People Management Commitment to Environmental. Answer: Introduction Sustainability is one of the important concepts in achieving distinguished status. A company that is following sustainability at workplace shows distinguished performance when compared to the other organizations. Sustainable activities provide a high yield through remarkable performance guiding in developing business strategy. These activities are well-coordinated to develop an integrated business environment (Need.2006). It is not an add-on but a vital part for a company to succeed. The human resource function is responsible for managing the people in an organization. HR personnel play an important role in managing sustainability. HR role is to imbibe sustainability in whole business processes to increase productivity. His role in sustainability is changing at a rapid speed. There function includes uniquely positioning the implementation and sustainable strategy within an organization. 82% of the HR executives believe that sustainability has a positive impact on the corporate profit s. There is a need to cultivate a positive technology to align HR process with the goals of the organization. However it is easy to incorporate sustainability planning in a well-established business organization but at times it is difficult to implement it in a newly established organization. The main purpose of introducing sustainability in HR is to improve workforce lifecycle (Kazlauskaite Buciuniene, 2008). HR role in developing strategy and advancing sustainability It is essential for an organization to develop a sustainable strategy in every business function. The HR function is to formulate the plan in order to achieve environmental and social goals. It is the duty of the HR to balance the objectives with the given traditions to match the financial performance. The HR function includes serving as a partner while determining the requirements to develop corporate strategy for an organization (Boudreau Ramstad, 2005). Moreover a HR has to ensure that the employees implement the strategy in consistent with the organization. Sustainable human resource management is an important concept used by the HR to create a healthy environment at the workplace while motivating the employees about the organization needs (Ehnert Harry, 2012). A HR has a duty to encourage the employees through a comprehensive training program, assisting employees I finding an appropriate process to access different activities, designing the companys HRM structure in order to p romote equity and well-being and lastly contributing towards long-term employment security in order to avoid disruption (Dao, Langella Carbo, 2011). Sustainable HRM is about taking responsibility of the HR function in an organization. Modern organizations are driven by sustainability consideration. The HR function has to consider various factors to raise its own decision. The HR manager has to enable sustainability by building healthy relationship with the stakeholders. Sustainability has become an indispensable part in an organization. It is the duty of the HR manager to ensure sustainability and develop a strong mechanism in order to strengthen the internal process (Inyang, Awa Enuoh, 2011). Research has indicated that sustainable HRM contributes toward simulating economic, environmental and social goals. It is well reported that HR functions like selection, communicating, training and reward function can only be achieved if sustainability is achieved. The term green HRM is emerging in the society which clearly mentions the necessity of sustainability at workplace. They are using creative measures to reduce the total amount of wastage occurring in the whole process. Sustainable HRM is critical for the employee engagement and motivating tem to increase the overall yield. Top level encouragement is necessary to motivate the employees. Adopting sustainable development as an approach gives a positive message about the organization. This help in increasing the pool of qualified workers (Ehnert, Harry Zink, 2013). This will reduce the overall training cost given to the employees and enhance a better financial bottom. The role of sustainable HRM is to achieve the goals in order to examine trust and clarity for achieving social sustainability. This will help the company to address wider problems in the society. This will help in ensuring external rights, safety measures and mage high labor standards. HR can use the roadmap to make contribution towards the sustainability. The HR managers should use the international standards to frame the policies at the workplace in order to align them properly (Taylor, Egri O sland, 2010). Recommendations It is suggested that the HR manager should keep a proper file of each employee including all information. All the necessary forms related to the employment need to be kept carefully by the HR in order to manage the information. This should include the information related the staff of the first hospital at the lower, middle and senior level. He should check whether the employees had signed every document carefully or not. The HR manger should not miss even the minute information. The information mentioned in the form should be cross verified in order to check veracity (Mariappanadar, 2012). Develop a revised employee handbook It is advised to develop an employee handbook that mentions information about the employee. It includes the information related to Hospitals policies, procedures and benefits. The outline related to human resource practices need to be mentioned explaining the expectation. The content of the handbook depends upon the size of the hospital. It is the responsibility of the management to review the handbook timely in order to check that the information it contain is proper and updated. The management needs to ensure that every employee has the handbook so that they have information about the hospital culture (Mandip, 2012). The duties of each employee need to be given in the job description. The employer and the employee should have a copy of the job description and it needs to be signed by the employee. The job description is an important part of HR process which includes hiring, orientation and performance management. The job description describes the duty of every individual; it is recommended that the HR manager should review the job description which depends upon the performance evaluation (Ehnert, 2006). Proper interview/hiring process and training procedure There is a necessity to develop a proper hiring process to ensure that the best people are selected. The HR manager should ensure that the qualified employees need to be chosen while hiring the staff. The interviewer should have proper knowledge in order to imply his knowledge carefully. Behavioral interviewing skills are important for hiring qualified staff. The interviewer must be able to retrieve information related to the employees skills and past experience. The interviewer must be properly trained as they represent the organization. Proper training in advance helps in providing better information to the interviewee. This is necessary for an organization to provide ample of information in advance. Training process is an integral process of HRM. Training employees help in communicating ethos of the organization. Revise the performance evaluation program There should be an excellent performance evaluation process to create a win-win situation. Employees need to be given feedback on their performance. Positive feedback will motivate them to perform nicely. The HR manager needs to stay in touch with the employee to provide them with a positive feedback (Sharma, Sharma Devi, 2011). It is necessary to understand that employer should evaluate the overall performance of the employee. It can be a difficult task to evaluate the performance of the employees. Conducting employee evaluation helps in improving the performance of the individual employee this will leads to overall improvement. A HR is a link who works as an efficient force in between the organization and the employees (App, Merk Bttgen, 2012). Corporate Strategy It is essential for HR to see the impact on the sustainability programs in a way it motivates the people working in the organization. This will help in managing the overall sustainability strategy of the organization. Creating a managing an effective sustainability will help the organization to bring consideration. The corporate strategy must deliver the ethos of the organization while including each function. This will help in developing strong HR policies and create a sustainable environment in the organization. Modern organizations are very complex in nature which is difficult to be understood. The whole world has become a global hub where people interact to each other. The world business is working in co-ordination with each other in order to provide systematic solution to the organization. Modern business organizations work under cut-throat competition and it has become important for them to perform well. Sustaining in the global competitive environment has become a difficult fo r the multinational companies. It is necessary to keep a specialized competitive advantage in order to outperform. The requirements related to recruitment depend upon the market. They completely depend upon the future strategies of the organization. Corporate strategies of the company help in determining the future recruitment trends (Bratton Gold, 2012). Employee motivation and appraisal Appraisal programmes are one of the most important ways of motivating the employees. The performance appraisal plays an important role which will help in developing the training and development programme. Induction programme is important for the organization to motivate the employees in a positive direction. It helps in achievement of goals led by the individual and the organization. Motivated employees help in enhancing the overall productivity whereas organizations that do not run motivational programme at workplace fails to perform. A friendly and flexible environment at the workplace helps in attaining high degree of satisfaction. Organizational leverage sustainability Todays organizations need to make strict decision related to business to justify expenditure. It is difficult to determine ROI for sustainable related activities. It is not an easy task for the organizations to find outcomes based on measurement tools. Sustainability is a persistent practice carried in the organizations to achieve the desired results strategically. It will be difficult for an organization to achieve sustainable outcome without the support of the executive machinery. It is necessary for executive-level employees to achieve sustainability. Organizations can leverage sustainability to attract business in order to engage employees at every level. Demands of people are changing everyday and the role of HR is becoming Vital for the growth of the organization (Kramar, 2014). There is a need of a strategic approach to incorporate a performance culture in the organization. Performance can only be attained if every function of the organization works in coordination which will result in an enhanced productivity. A HR has to build a time based strategy to ensure flexibility to the employees so that they can feel free to interact. Information based strategy helps in sharing information through intranet. Communication is important for an organization to sustain. It is necessary to build a comprehensive communication structure in order to communicate at different level. It is the duty of the HRM department to create the Business Case and to Impact the Bottom Line. The HR should make contribution towards corporate sustainability in order to make a positive difference in the working of the organization. It is recommended that the HR manager need to improve the workforce cycle which includes recruiting hiring, training, evaluation, promotion, career development and retention of top talent. Attaining high level efficiency is important to attain productivity and profits. It is necessary to enable organizational ethos while enabling changes. This will provide a strong brand name and gives a competitive advantage (Allen Wright, 2006). Conclusion The emerging concept of sustainable HRM has evolved in recent time that has helped in providing strong implication. It is the duty of the HR to support the development and implementation of the corporate sustainability strategy at the corporate level. HR contribution is essential for the sustainable strategy implication. It helps is adding value to the organization and develops a synchronized structure. HRM needs to provide HR solution in order to achieve the desired result. Sustainability is an interesting approach to carry out the business function in order to align the business function. This is one of the important approaches to adopt an iterative process. These policies help in keeping a track over the business activity. HR process has a duty to achieve a sustainable performance in order to achieve desired result. The policies help in keeping a track over the activities happening in the organization. References Allen, M. R., Wright, P. M. (2006). Strategic management and HRM.CAHRS Working Paper Series, 404. App, S., Merk, J., Bttgen, M. (2012). Employer branding: Sustainable HRM as a competitive advantage in the market for high-quality employees.Management revue, 262-278. Boudreau, J.W. Ramstad, P.M.,( 2005). Talentship, talent segmentation, and sustainability: A new HR decision science paradigm for a new strategy definition.Human Resource Management,44(2), pp.129-136. Bratton, J., Gold, J. (2012).Human resource management: theory and practice. Palgrave Macmillan. Dao, V., Langella, I., Carbo, J. (2011). From green to sustainability: Information Technology and an integrated sustainability framework.The Journal of Strategic Information Systems,20(1), 63-79. Ehnert, I. Harry, W., (2012). Recent developments and future prospects on sustainable human resource management: introduction to the special issue.Management revue, pp.221-238. Ehnert, I., Harry, W., Zink, K. J. (Eds.). (2013).Sustainability and human resource management: Developing sustainable business organizations. Springer Science Business Media. Ehnert, I. (2006, March). Sustainability Issues in Human Resource Management: Linkages, theoretical approaches, and outlines for an emerging field. In21st EIASM Workshop on SHRM(pp. 30-31). Inyang, B. J., Awa, H. O., Enuoh, R. O. (2011). CSR-HRM nexus: Defining the role engagement of the human resources professionals.International Journal of Business and Social Science,2(5), 118-126. Kazlauskaite, R., Buciuniene, I. (2008). The role of human resources and their management in the establishment of sustainable competitive advantage.Inzinerine Ekonomika-Engineering Economics,5(60), 78-84. Kramar, R. (2014). Beyond strategic human resource management: is sustainable human resource management the next approach?.The International Journal of Human Resource Management,25(8), 1069-1089. Mandip, G. (2012). Green HRM: People management commitment to environmental sustainability.Research Journal of Recent Sciences. Mariappanadar, S. (2012). Harm of efficiency oriented HRM practices on stakeholders: An ethical issue for sustainability.Society and Business Review,7(2), 168-184. Need, W. C. D. H. P. (2006). Human resource management: Gaining a competitive advantage. Sharma, S., Sharma, J., Devi, A. (2011). Corporate social responsibility: the key role of human resources management.Human Resource Management: Issues, Challenges and Opportunities,9. Taylor, S., Egri, C., Osland, J. (2010). HRMs Role in Sustainability: Systems, Strategies, and Practices.Human Resources Management Call for Papers. Cohen, E., Taylor, S., Muller-Carmen, M. (2010).(IMAGE). HRs role in corporate social responsibility and sustainability.SHRM Foundation, Alexandria. Retrieved from: https://www.shrm.org/about/foundation/products/Documents/CSR%20Exec%20Briefing-%20FINAL.pdf (Accessed on 22 December 2016)

Julius Caesar Hero Essays - Julius Caesar, Cleopatra, Iulii

Julius Caesar Hero Julius Caesar as a Tragic Hero Julius Caesar is a play written by William Shakespeare during the year 1597. Julius Caesar's story involves a conspiracy against Julius Caesar, a powerful senator. The play involves a highly respected senator, Brutus, who decides to join the conspiracy to kill Julius Caesar, in the effort to keep democracy intact. Brutus believes that if Julius Caesar is allowed to live, Caesar will take a kingship and turn the government into a monarchy. Brutus, Cassius, and the other conspirators kill Julius Caesar, yet they find Antony, a loyalist of Caesar, seeks revenge on them. Plato set out rules on the traits a tragic hero must possess. A tragic hero must neither be an evil villain nor a great hero, instead the tragic hero must be either a flawed hero or a villain with some good traits. Also, the tragic hero must not deserve what mighty punishment is dealt to him. Another key feature of a tragic hero is the fact that a tragic hero must be a high-standing individual in society. The tragic hero must not deserve his punishment for the play to be a tragedy. Also, a tragedy happening to someone in high authority, will affect not only the single person but also society as a whole. Another reason for the tragic hero to be in high authority is to display that if a tragedy may happen to someone such as a king, it may just as easily happen to any other person. Julius Caesar fits the role of a tragic hero. Julius Caesar is a high standing senator that possesses hamartia, failings of human nature. Julius Caesar's imperfections may be seen in three distinct aspects of Caesar, such as the following: his pride, his vacillation, and his ambition. Julius Caesar has much pride, a hamartia, which brings him to not be wary of the conspiracy. Caesar is given much warning on the threat of his life, yet due to his pride he thinks himself to be too great of a person to have such a downfall. Julius Caesar is warned by a soothsayer, "Soothsayer. Beware the ides of March."(1,2,18) Julius Caesar rebukes the soothsayer by stating, "Caesar. He is a dreamer. Let us leave him. Pass."(1,2,23) Caesar does not take warning to be wary the middle of the month, the day of his assassination. Later, Caesar's wife Calpurnia has a nightmare that Caesar is slain at the Capitol. Caesar calls for the priests to do a sacrifice to see if it is wise to stay or leave for the Capitol. The priests warn Caesar not to leave out of the house and Calpurnia pleads with him also. Caesar's pride is shown by his response, "Caesar. ...Danger knows full well that Caesar is more dangerous than he. We are two lions littered in one day, And I the elder and more terrible, And Caesar shall go forth."(2,2,44-47) Caesar shows that his pride overrules any advice given by others. If not for Julius Caesar's pride, he may have avoided the assassination and had more time for the conspiracy to be uncovered. This clearly shows that Caesar's pride is a hamartia that leads to his downfall. Julius Caesar vacillates, or changes, his mind throughout the play and this downfall is shown to be one of Caesar's hamartias. On the day Caesar is to go to the Capitol, he changes his decisions frequently. Caesar defies the warnings of Calpurnia and the priests and Caesar says that she, Caesar, shall go forth to the Capitol this day. "Caesar. Caesar shall forth. The things that threatened me Ne'er looked but on my back. When they shall see The face of Caesar, they are vanished." Through this quotation, it seems Caesar has made his mind to go forth to the Capitol. Calpurnia, though, is able to persuade him to stay home and send word that he is sick. Caesar replies, "Caesar. Mark Antony shall say I am not well, And for thy humour I will stay at home."(2,2,55-56) Decius then flatters Caesar and is able to persuade him that Calpurnia's nightmare is misinterpreted and that he should go forth to the Capitol. To this, Caesar replies, "Calpuria. How foolish do your fears seem now, Calpurnia!"(2,2,105-106) Caesar decides finally to leave for the Capitol, where he is murdered later the same day. This clearly shows that the change-ability of Caesar, due to flattery and the influence of others, is also a hamartia. Caesar is very ambitious, for this is the reason he is murdered by

The Motif of Time in Shakespeares Sonnet Essays

The Motif of Time in Shakespeares Sonnet Essays The Motif of Time in Shakespeares Sonnet Essay The Motif of Time in Shakespeares Sonnet Essay Time may well be the most confusing, Incomprehensible and paradox matter In our universe. There seems to be no possibility of influencing it in any way and we have to accept that it will always follow its own course. While most would agree, William Shakespeare in his own way was different. In his Sonnet 19, his lyrical I even tries to stop it, this unstoppable force that alters and consumes everything, this Devouring timel, as it Is called In the first verse. Enveloped In the usual Shakespearian structure of the sonnet, the (female) lyrical I allows time to do whatever It wishes with the world, but forbids It to consume one thing: Her lovers beauty. As usual for the Shakespearian Sonnet, it consists of 3 quatrains and a closing couplet. Usually, these four sub-units present themselves as thematic blocks, suggesting a certain independence from each other and sometimes even a contrast, but we cannot deny that the basic, four-part sonnet structure has not changed since he day It was created. Embedding the human perception of time In such a structure, we are faced by a twofold demonstration of namelessness and superiority. Therefore, it seems to be the natural conclusion that the lyrical I addresses Time2 as it would address one of the deities found in several sonnets of Shakespearean and others. It goes without saying that the characteristic four-part structure of a sonnet can have a great variety of worldly counterparts, be It the four elements, the four archangels or the four temperaments. In Sonnet 19. He lyrical I makes the association quite obvious: Make glad and sorry seasons as thou fleets3. If we assume that each part of the sonnet corresponds with one of the seasons, the connection between the endless and elusive concept of time is limited to the human perspective: Each part of the sonnet corresponds with a stage of life. In the first quatrain, time Is presented as the consuming force in life that seems almighty because It will even defeat the lion, the king of the animals and the earths sweet rood4 seems to tie the quatrain to the concept of youth. As humans age and become adults, they start to see the wide world and all her fading sweets5, the sweetest of which is certainly love, which will become the matter of argument in the following verses. The focus of the sonnet now shifts onto the love between the lyrical I and her lover, emphasizing it as an important factor during adulthood. As life progresses and humans start to recognize that time also affects themselves, It presents Itself as harsh and unforgiving. The lyrical I even considers It a heinous crime6. Eventually, old time will do its worst and life will end. These last two verses imply a certain level of surrender, but in the end, the corporeal has to be given up anodes not matter anymore, because time has also revealed a new truth: The most important thing was not the sensual love connected to the lovers body, but the platonic love that will defeat time and in the verse ever live young And make the earth devour her own sweet brood, Pluck the keen teeth from the fierce tigers Jaws, And burn the long-lived phoenix in her blood, Make glad and sorry seasons as thou fleets, And do whatever thou wilt, swift-footed Time, To the wide world and all her fading sweets; But I forbid thee one most heinous crime- O carve not with thy hours my loves fair brow, Nor draw no lines there with thin antique pen, Him in thy course untainted do allow For beautys pattern to succeeding men. Yet do thy worst, old Time. Despite thy wrong My love shall in my verse ever live young.

Discussion Board 2-2 Assignment Example | Topics and Well Written Essays - 250 words

Discussion Board 2-2 - Assignment Example According to the four stage response cycle of Masters and Johnson, women are usually ready for re-arousal at the resolution phase and may need continuation of sexual intercourse. Men on the hand tend to face difficulty in attaining sexual re-arousal after resolution phase (Rathus, Nevid & Fitchner-Rathus, 2014). This disparity may leave some women feel sexual dissatisfaction from their male partners. Having such understanding can help counselors to advice men facing criticism from their female sexual partners for not satisfying sexual needs of the latter. With the understanding, counselor can educate criticized men to practice holding their ejaculation by temporarily stopping sexual intercourse to allow their mates time to attain orgasm. When attaining plateau phase as contained in the four stage response cycle of Masters and Johnson, vagina of women depict preparedness to receive penis by contracting to cause erogenous feeling on penis (Rathus, Nevid & Fitchner-Rathus, 2014). The vagina also becomes wet to signalize lubrication of the pathway for entrance of penis. When at the plateau phase, men on the other side tend to produce seminal fluids that appear at the tip of penis. In addition, the coral ridge around the penis also expands in circumference. Understanding such concepts can help counselors train couples about proper timing as to when to begin intercourse to drive maximum

Financial crisis Assignment Example | Topics and Well Written Essays - 1750 words

Financial crisis - Assignment Example This paper describes all the types of financial crisis. Monetary crisis occurs due to political instability and speculative attacks that effectively provoke financial institutions or the central banks to raise the interest rates as a measure of avoiding capital flight. Monetary crisis also occurs when there is a depreciation of the monthly percentage of the exchange rates and a decrease in the reserves that surpasses the mean by almost three standard deviation. The debt crisis is one of the fundamental challenges affecting most of the world economies with a classic example being the Eurozone crisis. The crisis is caused by recession that cause most of the economies not to owner their pledges in so far as repaying their debts is concerned. Debt crisis is caused by a number of complex factors that combine to exert pressure on respective sectors of the economy. Additionally, the crisis occurs when there is no balance between the revenues and the public debt. Financial crisis in the banking sector is sometimes caused by a combination of complex factors that otherwise affect capital gain of certain institutions. Banking institution is dependent on the deposits that make it possible for them to lend customers and institutions in terms of loans. There are two events that cause banks to run into a crisis. When a bank lends to customers and the depositors demand the money, it becomes difficult for the institution to meet such obligations effectively leading to a crisis. A bank can be insolvent when the deposits by customers are lost.

Primary Source on Female Workers of Lowell (1836) Essay

Primary Source on Female Workers of Lowell (1836) - Essay Example However, women had some independence since they had the opportunity to work while the men stayed home and practiced farming. They were able to earn their own income through the jobs they did at the factory, and lived on their own, which gave them a feeling of liberation. This article was written with a purpose of exploring the life of the women who worked at the mills. Examine their living conditions at the boarding houses, where they slept six in a room, which were poorly ventilated (NWHM 1). The author has taken the point of view of bringing out the strong woman despite the challenges they faced. The author talks about the challenges the women went through, and add to it the brave steps they took towards liberating themselves and finally succeeded. The author has made an assumption that if the women of Lowell had not taken that step of fighting for their liberty, then they would have remained in the poor conditions that they were in before (NWHM 1). This argument is true since, before the women of Lowell decided to take the step of fighting for their liberation, their life was like that of a slave. They lived in poor condition, worked for long hours, and were paid little wages. Even, though, they worked, they did not get a fair return for their hard work. Instead of the job, they were doing giving them a feeling of liberation; it made them felt more enslaved (NWHM