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The Financial Business

The Financial Business

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The Financial Business

The career in business and finance was the area I wanted to concentrate much on since the time I was in high school. Back then, I had no skills or qualities, but my passion for business and finance career was the motivation behind me pursuing a successful career in that discipline. As far as I can remember, it has always been my thing wanting to research financial brokerage, banking system, not to mention the defined contribution consulting. I recall when I was at the university how my course mates used to consult me when it comes to matters related to finance. Perhaps, I may be talented in that area. I have always looked up to my father as my inspiration. He is a director in one of the successful business organizations in the country. My father has successfully run the company for 17 years. I went to New York University, where I obtained both an MBA and a bachelor’s degree in banking and finance. My relevant education opened the door for me to work for one of the prestigious finance organizations in the United States. In the future, I would like to own a consulting firm. In many life aspects, we have to use the field of business, and that is why I wanted to be in that field so badly.

At the time when I was schooling, I could work at my father’s company during the holidays, where I partook specialized positions in the company such as operations, marketing, and financial analysis. Through those experiences, I learned how to overcome business obstacles that hinder growth continuation and profitability, without mentioning the capability to understand business operations. Any business entity has to project beyond the numbers to the business trends and drivers. Before I decided what I wanted to pursue, I struggled to deal with anxiety and the fear of the unknown as my peers seemed way too far and elaborated in terms of their specific interests and desired career goals. Initially, I felt lost and quickly overwhelmed any time I asked myself the dreaded question of “what is my purpose in life?” However, the issue could be less provoking if I looked at the matter on a small scale. My father and I discussed the problem, and I made the decision based on my career passion.

My family always cautioned on matters involving career selection and emphasized that I should figure out what I want to do and, in return, make a career out of it. Fifteen years ago, based on the little business philosophy I knew, I was all set and determined. Before joining the university, my interests were elaborate that I had to study business and finance. I always looked forward to learning close to all the units in the business and finance course, with my final projects coming as the most challenging tasks. Studying business and finance was quite a daunting task since there is much effort required in the mastery of financial mathematics and many business processes. Besides, there was minimal time to roam around the university like my colleagues did since their courses were not as demanding. Eventually, my school projects guaranteed me several enviable positions with well-established financial firms in New York City. I went through those offers, and I decided to join Morgan Stanley Investment banking company.

As a defined financial analyst with Morgan Stanley Investment banking company for the past five years, I have created a strong teamwork foundation that effectively executes all tasks related to the company’s finances and carefully solves the company’s financial problems. Tactically, my group is comprised of seven individuals. Our extraordinary cooperation has been the key to our successful operation in the finance sector. As the chief strategist of the group, I have been able to play a significant role in contributing to my colleagues in various ways, such as strategizing and accurately accomplishing multiple financial analysis requests while meeting the stipulated deadlines. Additionally, I have to gather and convey information from the company’s clients, collect and calculate data, maintain databases, without mentioning to strengthen my knowledge foundation to be implemented as a resource. Perhaps, I dedicated myself to serving team excellently, and all those experiences have served to provide an expansive career opportunity in business and finance, more precisely in consulting. With that said, I feel like I am at the plateau in creating the essential analytical skills significant towards the realization of my goals of the firm.

As a successful leader serving one of the best financial organizations in the United States, it is a prerequisite to understanding all the features of an organization outside the financial analysis, for example, operations, administration, or even marketing. It came to my understanding that my quest to learn and understand different business aspects groomed me, and I had quite an easy time understanding my colleagues’ suggestions as well as getting my points across. By attending New York University, I was able to get the exposure in the world’s financial center in terms of both the practices and theories. I attained a deeper understanding of management concepts, and I have always applied those concepts effectively to my profession and in real-life encounters. I hope to work on my lack of patience as a weakness and, at the same time, learn how to get the group members to carry their burden. With all the odds, I would hate being a tyrant. As an effective leader, the managers and organizational leaders must put power and compassion into equilibrium. Through that route, I have managed to lead my team of people and achieved organizational set goals.

Following the successful completion of my educational programs, I am honored to work for one best financial institutions. Based on the excellent preparation and foundation that New York University provided me with, I have excelled among my peers, and more importantly, I have been able to climb up the corporate ladder eventually. Honestly, the journey to my career has been a tough one to call, nothing less than toil and hard work. The competition is fierce both at the bottom and the top, and everyone in the business is working tirelessly to ensure they achieve their stipulated goals. Once I feel like I have indeed served it all and grasp all the essential knowledge, I would like to set up a consulting firm specializing in the retirement services area. Ultimately, grow my business by also focusing on other areas of consulting, for instance, life insurance and actuarial. I would start by forming my client base within the United States and eventually expand to overseas, more precisely the Asian market as its defined contribution foundation is still weak and unfounded. As part of my preparation, I am learning the Chinese language and the fact that I also know quite a lot about both the American and the Chinese culture will give me an upper hand in creating my business in the America and Asia market.

In brief, my professional experiences have served to boost my confidence concerning my abilities as well as setting up reasonable career goals. It is because I can maintain personal dedication and hard work that is essential in achieving high professional goals. Such diverse experiences have prepared me for the best, and its only a matter of a few years, and I will undoubtedly achieve what I always wanted to accomplish. I feel like I am now able to make more concrete decisions in my life, which otherwise would be difficult in the past.

The final major assignment

The final major assignment for this course is an essay that critically engages a media artifact of your choice, such as a movie, TV show, song, video game, book, art piece. You will identify the contribution that the piece makes to its cultural moment through identification of specific moments in the composition and analyze them using readings or viewings from the course as well as additional sources from your own research.

Point value and length requirements: This essay is worth 75 points and should be 1,000-1,500 words long.

Sources: You will need to have at least five academic sources for this paper. The textbook as well as one other assigned reading or viewing from the class will be two of the sources. This may include any materials we watched or read in class as well as those assigned for reading at home. An APA style citation of your artifact will be your third source. Two additional sources should be found using Google Scholar or the BGSU library and should be used to expand on the topics you use from class. Sources from blogs, social media, etc. will be counted as additional sources, not toward the minimum of five. All sources need to be listed in an APA style references page and cited in the main text of your paper. The sources requirement of your paper will be worth 10 points, evaluated as 1 point for correct formatting in the references page, and 1 point for correct in text citation.

Your paper should include the following, with headings for each of the sections below:

Description: Describe your chosen artifact: who, how long, how prominent, what topics? If it is a movie, for example, you will include information about the running time, the date it was released, what platform it was released on, how many main characters it has, how popular the movie is/was, and the general plot, important quotes or scenes, whether the movie was nominated for or won awards, along with other important descriptors. I should be able to understand your artifact from your description paragraph without having viewed, listened to, experienced, or read it myself. This section is worth 15 points.

Analysis & Interpretation: Make connections from your artifact to the broader culture it is a part of. This might include which definition of culture your artifact fits into, whether it refers to specific pop culture moments or participates in trends. This would also include what genre your artifact fits into and whether it defies the norms of its genre at any point. If your artifact has an important contribution to society, explain that as well. This section will likely need specific citations from your artifact as you discuss how or why it influences and is influenced by society. This is also likely the section where you will bring in the majority of your academic sources. Discuss response to your artifact. What did people have to say about your artifact? Is it beloved or controversial? Make sure to include all important perspectives in this section. This section is worth 20 points.

Evaluation & Engagement: Why did you choose this artifact? Does it have personal significance to you in any way? In your opinion, is it good, bad, or somewhere in between? What qualifies as good or bad in this situation? Are there agreed upon criteria or exemplars? Use specific examples from your artifact (lyrics, melodies, colors, sound, scenes, seasons, etc.), to support your perspective. This section is worth 20 points.

The remaining 10 points will be used to evaluate the grammar, spelling, and formatting of your paper. I suggest using the free version of Grammarly to check your paper for spelling and grammar mistakes before submitting. I also suggest bringing this assignment sheet and a draft of your paper to the Learning Commons in the BGSU library. If you would like me to review a rough draft of your paper, I must receive it via email by 11:59pm on April 21.

APA style: I do expect your paper to follow APA style for in-text citations and the references page. You do not need to include a title page, abstract running head, or be concerned about formatting headings, etc. in accordance with APA style.

Connecting Sources

The purpose of the final paper is to take the 5-step critical literacy process that we’ve practiced throughout the semester and apply it to a piece of media that you personally enjoy in order to deconstruct the way it contributes to culture as you experience it.

For the purpose of your individual paper and its thesis, in general it will be a statement of how your artifact impacts culture. For some it might be more specifically that your artifact impacts culture by going against cultural norms, for others the argument might be that their artifact created a discussion about a certain topic, or that it’s a perfect example of a certain type of cultural indicator (for example the perfect example of an episode of a family sitcom). Think about why your artifact is important to broader culture. This is going to be something a bit deeper and more specific than “it’s funny.”

 

When it comes to texts from our class, in the prompt for the paper, I talk about identifying which definition of culture your artifact fits into – this is an easy tie into the textbook as it talks about that in chapter 1. There are also chapters in the textbook that I didn’t assign on topics including movies, video games, and television, and you could see if there’s anything to connect to there. I also think the first reading from Klosterman will be helpful in many cases as it discusses personal preference with regard to determining the “best” cultural artifacts of our time, as well as the reading from Adorno about the cultural industry. For some, an analysis of news coverage might include connections to some of our readings about journalism as well.

To being thinking about outside academic sources: think about your artifact, and write down the key topics when you think about how that artifact might contribute to culture or social discussion. This gives you some keywords to search for (ex: gender norms + Disney movies or racial diversity + country music). The paper prompt also ask you to talk about response to your artifact, where it might be appropriate to bring in newspaper articles about it. I recommend searching your resulting keywords in the communication and mass media complete database on EBSCO (https://libguides.bgsu.edu/commandmassmedia).

Probability and Statistics answers

Probability and Statistics

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Probability and Statistics

1.) f (x; 0,1) = 1/π (1 + x2)

Y = aX + b

E (Y) = E (aX + b) = a E (X) = 0, since E (x) = 0

Var (Y) = a2 Var (X) = a2, since Var (X) = 1

Hence;

f (Y: 0, a2) = a/π (a2+ y2)

Z = log (|X|)

Z = log (|X|) = log (|X|)

=1/xπ [δ/ (lnx – μ)2 + δ2]

But X=ez, therefore the distribution of Z is;

f (z;0, 1)= 1/ezπ [δ/ (z – μ)2 + δ2]

2.) Let Y = 2(X – 1)2- 1, where X is uniformly distributed over the interval [0, 2].

Determine the pdf of Y and the expected value of Y.

75438064579500X is in a closed interval of 0 and 2. Substitute the values of x’s in equation Y given to establish the pdf of Y as follows:

Pdf of Y =1, x =0, 2

-1, x =1

Getting expected value of Y, we first expand its expression knowing very well that since X is uniformly distributed, then its distribution is:

X~ N (0, 1)

Y =2X2-4X+1

E(Y) = E (2X2- 4X+1) = 2E (X2)-4E (X)

But E (X) = 0, and Var (X) =E (X2), Thus E (Y) = (2*1) – 4*0 =2

3.) Y1 = X12 and Y2 = X1/X2

We solve for X1 and X2 in terms of Y1 and Y2.

Thus

X1 = (Y1)1/2 ………………………. (1)

X2 = X1/Y2…………………………. (2)

Let’s substitute the value of X1 in equation (2) above,

X2 = (Y1)1/2/Y2

Furthermore let the determinant be 1/(2)1/2, hence the joint pdf of Y1 and Y2 is:

fy1,y2(Y1,Y2) = 1/(2)1/2 fx1,x2 ( (Y1)1/2, (Y1)1/2/Y2)

= 1/ (2)1/2 {2 * (Y1)1/2[(Y1)1/2, (Y1)1/2/Y2]}

Marginal distributions of Y1 is

f (Y1) = ∫- ∞∞ fy1, y2 (Y1,Y2) dY2 = ∫- ∞∞ 1/ (2)1/2 {2 * (Y1)1/2[(Y1)1/2, (Y1)1/2/Y2]} dY2

Marginal distributions of Y2 is

F (Y2) = ∫- ∞∞ fy1, y2 (Y1, Y2) dY1 = ∫- ∞∞ 1/ (2)1/2 {2 * (Y1)1/2[(Y1)1/2, (Y1)1/2/Y2]} dY1

Y1 and Y2 are not independent due to the fact that the product of their respective marginal pdf’s does not result to their joint pdf.

Postgraduate problem

Standard Cauchy distribution is the distribution of a random variable that is the ratio of two independent standard normal variables and has the probability density function:

f (x; 0,1) = 1/π (1 + x2)

Let α = aX and β = bY

f (x; 0,1) = 1/π (1 + x2)

E (α) = E (aX + b) = a E (X) = 0, since E (x) = 0

Var (α) = a2 Var (X) = a2, since Var (X) = 1

Hence;

f (α: 0, a2) = a/π (a2+ x2)

f (y; 0,1) = 1/π (1 + y2)

E (β) = E (bY) = b E (Y) = 0, since E (Y) = 0

Var (β) = b2 Var (β) = b2, since Var (Y) = 1

Hence;

f (β; 0, b2) = b/π (b2+ y2)

Therefore,

α + β = aX + bY= a/π (a2+ x2) + b/π (b2+ y2)

= 1/ π { a(a2+ x2) + b(b2+ y2)}

Reference

DeGroot, M. H., & Schervish, M. J. (2012). Probability and Statistics. Boston: Addison-Wesley.