Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q. 1. Has All Star Computer Services been negligent in its actions regarding keeping track of replaced computer components and failing to return the parts

image text in transcribed
Q. 1. Has All Star Computer Services been negligent in its actions regarding keeping track of replaced computer components and failing to return the parts to Louis Matthew? Q. 2. Assuming All Star Computer Services has been negligent, what defense(s) may be available to All Star Computer Services to lessen or eliminate any liability on its part? Q. 3.Consider the sample of 850 past negligence cases. Suppose you are willing to let the 5% estimate be within .03 (3%) of the true proportion. You are willing to assume a 95% confidence.a. Is 850 an adequate sample size for the estimate of 75%? Show why or why not.b. Construct a 95% confidence interval on the estimate of 75%. How would you terpret it? Q. 4. Determine the expected value of the amount that could be paid to Louis Matthew in a settlement. Use the 75% probability figure. Also, determine a maximum and minimum expected value for the settlement figure based on the confidence interval above. Be sure to clude all of the damages Louis Matthew will be able to recover. How would you interpret your expected values? Q. 5.Should Mary Silver attempt to settle the matter with Louis Matthew before he files a awsuit? If so, what would be the recommended monetary amount of the settlement? Be sure to include all of the statistical and legal issues involved as well as any strategic and ethical issues

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Organisational Behaviour

Authors: Laurie Mullins

7th Edition

0273688766, 978-0273688761

Students also viewed these Law questions