A high-end handbag designer is testing their latest handbag designs to improve sales. Version A features a slightly larger handbag, while Version B highlights a smaller-style handbag. The designer selects two groups, V1 and V2, to run an A/B test. Group V1 rates the larger bag and group V2 rates the smaller style. You can consider the rating to be on a scale of 1-10. Assuming a significance level of 0.01. Define a clear null hypothesis and alternative hypothesis for this A/B test. Identify the independent variable and the dependent variable. How would the extraneous variables be addressed if V1 and V2 were selected from outside of the U.S.? Justify your answer, Why do we use a two-sample t-test assuming unequal variances on an A/B test? Under which conditions would you reject or fail to reject the null hypothesis? 

A firm is considering an investment in an ERP system. The expected benefits are $900,000. The costs are $1,000,000 In addition, management identified a growth real option in the form of integrated supply chain management solution. According to our application of real options analysis in class, the option would have to be worth just over  ____________ in order for the firm to invest in the ERP solution.   

In order for a real option to have value, these two things must be present:

The set of policies and processes that enable IT to support and execute the organization’s mission and strategic plan would best be described as: 

Slack offers a platform whereby content providers can offer add-on solutions to Slack which can be purchased by Slack users.  According to our Gartner reading “How to Select the Best Platform Business Model”, which business model is described in the previous sentence. 

In a Use Case Point analysis, which item is used to adjust use-case points based on the skills and competency of the development team.

Based on these facts only:  FinSec operates with the stated IT strategy to “keep the lights on”. FinSec IT centrally manages the IT infrastructure. Applications are on mainframe technologies, but data for these applications are not integrated. Which best describes FinSec’s IT competency level: 

PART 1:  Multiple-Answer Choice (Total – 34 points) For the given scenarios, identify the health care legal issues and/or overarching ethical considerations (covered in 2nd part of the course) that may require significant attention by the relevant health care organizations or provider/s. The first three questions are worth 3 points each (choose best answer for these), the next five are worth 5 points each (there may be multiple answers for these).

Phil Von Guire, M.D. is licensed to practice medicine in the State of Minnesota.  He recently reconnected with Salma Soule, Esq., his college girlfriend and a recovering lawyer who is interested in starting a technology enhanced, senior living and health care residential facility (the “Business”).  Salma proposed the following terms of the Business as follows: Salma would own 95% of the voting equity of the Business.  The remaining 5% of the equity and 100% of the voting rights would be owned by Dr. Von Guire and other licensed physicians.  Physicians who promise to provide the most referrals for health care services would receive more equity (and on preferred terms) in the Business than those physicians who refuse to promise any significant referrals.  Dr. Von Guire would serve as Chief Medical Officer and Chief Operating Officer of the Business.  As compensation for his services, he could be paid as follows: (a) he would receive a 10% of the profits of the Business and (b) a special bonus for all patients he personally refers to the Business or one of its affiliated entities.  The Business would pay chiropractors $25 for each patient referred to the Business for Medicare covered services.

Strategic Recommendation for Scenario C. Offer one specific strategic recommendation for the health care organization to handle this scenario.  For your recommendation, explain how your recommendation addresses the most important ethical concern / tradeoff.