...Written Assignment 2 - In your own words, interpret the data and note the shape of the distribution of the data provided from Case Study: World's Richest People (Chapter 2, p. 36). Sample | Category | Frequency per Category | Rel. frequency per category (%) | Citizenship | Mexico | 1 | 4.00% | | United States | 14 | 56.00% | | Spain | 1 | 4.00% | | Hong Kong | 2 | 8.00% | | France | 2 | 8.00% | | Sweden | 1 | 4.00% | | Germany | 1 | 4.00% | | India | 1 | 4.00% | | Italy | 1 | 4.00% | | Canada | 1 | 4.00% | From the frequency distribution table listed above, the country with the largest amount of the world’s richest people is the United States with 56% of the world’s richest people. It also shows that of the countries that have one of the world’s richest people, 7 out of 10 of the counties only have 1 of the richest in each country. Stem-and-Leaf Plot | | | Unit: | 1 | | | 0 | | 1 | | 2 | | 3 | 9 | 4 | 09 | 5 | 5678 | 6 | 345589 | 7 | 133779 | 8 | 2458 | 9 | 03 | Using the stem-and-leaf plot above you can see that the age range with the most of the world’s richest people is 60-79 years old. This plot also shows you a left skewed distribution. Also in a stem-and-leaf plot you can see the specific ages in the prominent age range that hosts the most individuals in the world’s richest people category. Using a histogram shows the view of the data and what type of distribution is used. A stem-and-leaf plot starts...
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...Written Assignment 2: case study – World’s Richest People frequency distribution table (citizenship) The first column consists of quantitative, discrete data. This column provides the ranks of the world's richest people. The second column consists of qualitative data since names are nonnumerical. The third column also consists of qualitative data as countries are nonnumerical. The first column consists of quantitative, discrete data. This column provides the total numbers of the richest people per country. stem and leaf plot (age) Each data value consists of 2 digit number ranging age from 39 to 93. The last digit becomes the leaf and the remaining digits are the stems, and we have the stems of 3 to 9. histogram (age) Obtain the frequency distribution of the age data. Column 1 is the limit grouping ages. The first age to construct is 35 – 39. The width of all the age is 5, so the next age is 40 – 44. The last age to construct is 90 – 94 since the largest single data value is 93. Column 2 provides number of the richest people within the age group; this column is quantitative, discrete data. The frequency histogram is constructed using the lower age limits of column 1 and used to label the horizontal axis, and the number of the richest people within the age group in the frequency histogram matches the respective frequency in column 2. The shape of the distribution is bimodal, 1st peak point at age 55-59 and the 2nd peak point at 65 – 69. sample mean and median...
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...The Correlation Between Economic and Moral Disparity “What good will it be for a man if he gains the whole world, yet forfeits his soul? Or what can a man give in exchange for his soul” (NIV Matthew 16:26). The Bible does not directly condemn monetary prosperity. However, Jesus warns that the love of riches leads men further from the Kingdom of God and into a false idolization of wealth. This monetary worship pulls man away from God, and tears the seams of brotherhood that bond men together. Today, this bond between men has never been so frail and apathy has never been so vigorous. Millions of people die every year from preventable causes, including hunger, disease and countless other conditions, all derived from poverty. At the same time the richest 80 billionaires have the finances to solve world hunger, substantially increase the prevention of AIDS and effectively eradicate malaria. Wealth in itself is not evil; however, when humanity places riches above its fellow humans’ lives, it has reached a sinful state. The world has accepted material wealth at the price of what has become a sacrificial morality and love for mankind. The goal of this paper is to prove that global trends of economic inequality are unjustifiable from an economic/social standpoint, Scripture, and the recent position of the Catholic Church. Financial inequality is no new concept to the world. Since the beginnings of civilization there were the rich and there were the poor; many would argue...
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...The current issue and full text archive of this journal is available at www.emeraldinsight.com/0306-8293.htm A relationship between current globalisation, unemployment, inequality and poverty Wilfred I. Ukpere and Andre D. Slabbert Faculty of Business, Cape Peninsula University of Technology (CPUT), Cape Town, South Africa Abstract Purpose – This paper contends that there is a positive relationship between current globalisation, unemployment, inequality and poverty, which paves a vista for further academic discourse. Design/methodology/approach – As a meta-analytical study, the paper relied on secondary data. It is a qualitative study, which is based on conceptual analysis, theory building and “emic” perspective (authors’ viewpoint). Findings – A relationship between current globalisation, unemployment, inequality and poverty should be investigated further. Unemployment increases levels of inequality and poverty within society. Although bequeathed with various names and definitions, the logics of current globalisation seem to have exacerbated the problem of global unemployment, the corollary of which is endemic inequality and poverty. Practical implications – Increases in income inequality and poverty over the past decades, can be attributed to globalisation. Therefore, within the domain of unemployment, inequality and poverty in the era of globalisation, renewed problems of global competition, job termination, wage reductions, labour immobility and technological displacement...
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...of living in a society at a specific time. People live in poverty when they are denied an income sufficient for their material needs and when these circumstances exclude them from taking part in activities which are an accepted part of daily life in that society." Scottish Poverty Information Unit. The most commonly used way to measure poverty is based on incomes. A person is considered poor if his or her income level falls below some minimum level necessary to meet basic needs. This minimum level is usually called the "poverty line". What is necessary to satisfy basic needs varies across time and societies. Therefore, poverty lines vary in time and place, and each country uses lines which are appropriate to its level of development, societal norms and values." The World Bank Organisations. These are just a few of the different definitions of poverty from different views. The general definition is ‘the state of being extremely poor’ and/or ‘the state of being inferior in quality or insufficient in amount’. Absolute poverty is defined as the lack of sufficient resources with which to meet basic needs. Relative poverty defines income or resources in relation to the average. At least 80% of humanity lives on less than $10 a day. More than 80 percent of the world’s population lives in countries where income differentials are widening. The poorest 40 percent of the world’s population accounts for 5 percent of global income. The richest 20 percent accounts for three-quarters of world...
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...of living in a society at a specific time. People live in poverty when they are denied an income sufficient for their material needs and when these circumstances exclude them from taking part in activities which are an accepted part of daily life in that society." Scottish Poverty Information Unit. The most commonly used way to measure poverty is based on incomes. A person is considered poor if his or her income level falls below some minimum level necessary to meet basic needs. This minimum level is usually called the "poverty line". What is necessary to satisfy basic needs varies across time and societies. Therefore, poverty lines vary in time and place, and each country uses lines which are appropriate to its level of development, societal norms and values." The World Bank Organisations. These are just a few of the different definitions of poverty from different views. The general definition is ‘the state of being extremely poor’ and/or ‘the state of being inferior in quality or insufficient in amount’. Absolute poverty is defined as the lack of sufficient resources with which to meet basic needs. Relative poverty defines income or resources in relation to the average. At least 80% of humanity lives on less than $10 a day. More than 80 percent of the world’s population lives in countries where income differentials are widening. The poorest 40 percent of the world’s population accounts for 5 percent of global income. The richest 20 percent accounts for three-quarters of world...
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...TUTORIAL 3 (TOPIC 2: LEADERSHIP ETHICS AND TRAITS) Case Study: The Bill and Melinda Gates Foundation The Bill and Melinda Gates Foundation is guided by the belief that every life has equal value. The Foundation essentially gives money (grants) to other organizations (business, nonprofits, and governments) to support them in implementing the Foundation's work to help all people lead healthy, productive lives. It has three grant-making areas: Global Development Program, Global Health Program, and United States Program. In developing countries, it focuses on improving people's health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. The Foundation is headquartered in Seattle, Washington, with offices in Washington, D.C.; Delhi, India; Beijing, China; and London, United Kingdom. It has more than 900 employees, with an asset trust endowment of $37.1 billion, with total grant commitments since inception of $24.81 billion. The Foundation is led by CEO Jeff Raikes and Co-chair William H. Gates Sr., under the direction of Co-chairs and Trustees Bill and Melinda Gates and Trustee Warren Buffett. Bill and Melinda Gates are the founders and together they shape and approve foundation strategies, review results, advocate for the foundation's issues, and help set the overall...
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...items by bicycle as a teenager. He bought matches in bulk from Stockholm and sold them in his town with reasonable prices but he still could make good money. At the age of 17 his father gave him a reward for the success in his business. May be it was a turnover in his life. He used this money to establish his small company which will be the world's largest furniture retail company in the future. 10 years later kamprad registered his firm IKEA (Ingvar Kamprad Elmtaryd Agunnaryd) on july 18, 1943. He used to sell pens, wallets. Picture frames, tables, jewelry etc. with very cheap retail prices. Kamprad has been living with his wife and children in Switzerland since 1976 at Epangales, upper lousanne. He has three children who speak French, English and Swedish. He has a quiet and peaceful life in the country of Switzerland in very nice neighborhood. Even though he is one of the richest men in world he likes to live modest life. He do not like wearing suits, flies economy classes and drives a 17 year old Volvo if not use public transportation. Today at the age of 80 invar kamprad ranked the fourth richest man in the world and richest man of Europe by Forbes magazine with the home furniture retail giant IKEA which located more than 32 countries all around the world. Leadership Style By Example' The point that why I choose him as my leader is his life style. "If there is such a thing as good leadership, it is to give a good example," says Kamprad. "I have to do so...
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...inequality means the extent to which income and wealth is distributed in an uneven manner among the world’s population. With international trade, more wealth is gradually being transferred from poor areas to others. As a result of this influx, the well-off are enjoying luxury yachts, private aircrafts, upscale restaurants and so forth, while only for the bread of every meal are the impoverished working around clock. A rising number of poor people are suffering from extreme poverty, injustice and illness. The most critical problems are those associated with global inequality. The purpose of this essay is to discuss the problems of global inequality, including its causes, and to identify solutions, providing reasons that support these solutions. Section 1: The global inequality, mainly referring to the increasing gap between the poor and rich nations, is an inevitable problem driven by globalization. The number of people whose daily wages were less than 2 USA dollars rose by 350 million around the world during the past ten years (APEC Study Centre n.d., para.1). One of the most significant problems is “the gap in incomes …has grown from 30 to 1 in 1960 to 82 to 1 in 1995” (APEC Study Centre n.d., para.1). According to another report, “the richest 85 people in the world are worth more than the poorest 3.5 billion” (Global Wealth Report 2003). Additionally, the richest one fifth of the world’s population had approximately 78% of the word GDP (Gross Domestic Product), foreign direct investment...
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...Global warming has become perhaps the most complicated issue facing world leaders. On the one hand, warnings from the scientific community are becoming louder, as an increasing body of science points to rising dangers from the ongoing buildup of human-related greenhouse gases — produced mainly by the burning of fossil fuels and forests. On the other, the technological, economic and political issues that have to be resolved before a concerted worldwide effort to reduce emissions can begin have gotten no simpler, particularly in the face of a global economic slowdown. After years of preparation for climate talks taking place in Copenhagen through Dec. 18, 2009, President Obama and other leaders announced on Nov. 15 what had already become evident — that no formal treaty could be produced anytime soon. Instead, the leaders pledged to reach a placeholder accord that would call for reductions in emissions and increased aid to help developing nations adapt to a changing climate and get access to non-polluting energy options. This would in theory give the nations more time to work out the all-important details. Negotiators would then seek a binding global agreement in 2010, complete with firm emission targets, enforcement mechanisms and specific dollar amounts to aid poorer nations. At the heart of the debate is a momentous tussle between rich and poor countries over who steps up first and who pays most for changed energy menus. Read More... Within the United States...
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...country wasn’t indestructible. Indeed, that event was a breach to the political force that was America, making it more vulnerable and breakable. Also, the country’s government has been involved by issues such as the Syrian issue, and much more which lowers its trust in the eyes of the citizens. Things don’t seem to get better even with the change of presidents in 2008. Another controversy about the United States is the economic crisis hitting the country. Walter Adams explained that “reports on the state of the American Economy are filled with anxiety and unease” (1). Job growth has been minimal with unemployment rate being at 6%. The difference between the social classes is enormous as the United States holds some of the poorest people and also richest people in the world. After the crisis, a lot of companies are operating at loss, not making any benefit at all. Newcomer companies struggle to find a...
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...Case of Ben Ohau Lodge Q1). Identify the likely characteristics of the market segment being targeted by the company. Ben Ohau Lodge is a high-class vacationland, its location is in the high country of New Zealand, and its customers are kind of the world’s most exclusive clients. This luxury resort was founded by a New Zealander and his Indonesian friend, it provides every accommodation a particular segment of wealthy clientele could ever ask for. Understanding the market led Ben Ohau Lodge to the success. Ben Ohau Lodge using a plenty parts of market segment to ensure its success. The geographic location is quite different with other resorts since it is located on a high high country of New Zealand’s South Island. The small population would make it a perfect vacation paradise from the outside world. It is said that the 28,000 hectares of original farmland which has been converted into a big-game reserve. This kind of serenity is more attractive for those wealthy people who want to escape from the paparazzi or just everyday life. The company is aiming on bringing in wealthy foreigners who would most likely be male. The company prefer older people than young people. And those people have plenty of money to spend around on the variety kind of activities and accommodation. Demographic segment would be used on the income and social status area. A number of activities are available for those people who are regarded as high classed people in society, meaning the majority of...
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...Bill Gates From Wikipedia, the free encyclopedia For other people named Bill Gates, see Bill Gates (disambiguation). Bill Gates | Gates in June 2015. | Born | William Henry Gates III October 28, 1955 (age 59) Seattle, Washington, U.S. | Residence | Medina, Washington, U.S. | Nationality | American | Alma mater | Harvard University (dropped out) | Occupation | Technology Advisor of Microsoft Co-Chair of the Bill & Melinda Gates Foundation CEO of Cascade Investment Chair of Corbis | Years active | 1975–present | Net worth | US$76.5 billion (October 2015)[1] | Board member of | Microsoft Berkshire Hathaway | Religion | Roman Catholicism (formerlyCongregationalism)[2] | Spouse(s) | Melinda Gates (m. 1994) | Children | 3 | Parent(s) | William H. Gates, Sr. Mary Maxwell Gates | Website | the Gates Notes | Signature | | William Henry "Bill" Gates III (born October 28, 1955) is an American business magnate, philanthropist, investor, computer programmer, and inventor.[3][4][5] In 1975, Gates and Paul Allen co-founded Microsoft, which became the world's largest PC software company. During his career at Microsoft, Gates held the positions of chairman, CEO andchief software architect, and was the largest individual shareholder until May 2014.[6][a] Gates has authored and co-authored several books. Starting in 1987, Gates was included in the Forbes list of the world's wealthiest people[9] and was the wealthiest overall from 1995 to 2014—excluding...
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...Social Responsibility and Ethics Lessons learned Carlos Slim Helu Background Carlos Slim comes from a very modest background and he is a caring man who is helping others not as fortunate as himself by way of empowering them with a skills set and employment. Julian Slim, a Lebanese immigrant and Carlos’ father, began acquiring real estate in Mexico City during the revolution of 1910. As a result, at the young age of 12 Carlos began to exhibit a great interest in numbers and even began buying shares of Banco de Mexico. At the age of 13 his father passed away and Carlos, along with his family, found themselves struggling. Knowing he needed to do something he decided to enroll at the Autonomous National University of Mexico (UNAM) and study civil engineering. After graduation he delved into teaching mathematics and linear programming for a few years. Later he incorporated his first business, a stock brokerage firm called Inversora Burastil. That same year he married Soumaya Domit; in future business ventures he combined the first letters of their names and created his holding company Grupo Carso (Academy of Achievement). Carlos has six children (three sons and three daughters) Carlos Jr., Marco Antonio, Patrick, Soumaya, Vanessa and Johanna. He employs various family members including son-in-laws and confidants. Each of his sons sits at the helm of a different company, which in their own right has added to the wealth of the family business. One unique aspect of the Slims’ is...
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...totalitarian state’s use of violence, language and control of mass media to keep a people enslaved. The book describes a grim reality in this future society: the Police Patrol snoops in people’s windows, and Thought Police is always out hunting for thought criminals. Big Brother, the totalitarian figurehead, stares out from posters plastered throughout the city, and private telescreens broadcast the Party’s platform and its constant stream of propaganda. In an age where the online world allows our every move and decision to be tracked by the devices we all carry at all times along with a climate of massive political polarization in America, many argue that the country is moving towards the totalitarian dystopia so meticulously described in 1984. But is that really the case? Is the United States moving towards a Big Brother state or away from it? What elements of the novel accurately describe the American society of today? Before reaching a conclusion we must draw some parallels between the defining aspects of...
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