Luxury is as old as civilization, it can be everything distinguished from ordinary. LVMH is the major player among many companies and in the luxury industry, it controls some of the most well-known luxury brands. LVMH Moët Hennessy Louis Vuitton SE, better known as LVMH, is a French multinational luxury goods conglomerate, headquartered in Paris, France. The company controls around 60 subsidiaries that each manage a small number of prestigious brands, including Wines & Spirits, Fashion &…
Introduction On November 19, 1863, President Lincoln delivered a speech during the dedication of the battlefield cemetery at Gettysburg, which hit every main point in less then two minutes. One line in particular, Lincoln states, “It is for us the living, rather, to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced.” (Burns, 2012). Inequality had brought on the civil war, with the issues of slavery and central power which had divided the United…
------------------------------------------------- A life insurance company wants to estimate their annual payouts. Assume that the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 4 years. What proportion of the plan recipients would receive payments beyond age 74? Round your result to four significant places after the decimal.…
exploring my options in majoring in Entrepreneurship and/or Marketing. I am fascinated by the idea of start-up companies with the right resources and idea anyone can become someone. You can easily change the column headings in the frequency distribution output. for instance, to change the current heading in cell A3 (Row Labels) to “Soft drink,” click in cell A3 and type “Soft drink”; to change the current heading in cell b3 (Count of brand Purchased) to “frequency,” click in cell b3 and…
is an assumption for financial institutions to process which is known as time aggregation associate with σ in equation 1.3.1. It is related to the risk horizon one would like to generate from a given sample data. For i.i.d(independent identical distribution) returns, based on the statistical knowledge (Jorion:1997), the measurement to forecast the parameter in equation 1.3.1 is, μ=μ_(unit period)*T Equation 1.4 σ=σ_(unit period)*√T Equation 1.5 and for correlated…
The inequality in income distribution leads to disagreement between people within a society. Krugman explains that income inequality has damaged the social and economic growth. He claims that “Income inequality inevitably brings vast social inequality” (Krugman 563), in which low income families cannot afford health care: “they are more likely to have health problems that derail their life chances” (567). Health outcomes seem to be related to the income distribution, in which people with high…
private property plays a very important key role in the discussion of equality. This is because private property involves both material and monetary items, and these are resources that are fought over on the daily when it comes to equal or fair distribution of wealth. A key question brought up by this is not only what counts as property, but whether or not it is a valuable concept that should be maintained or destroyed in regards to if it suits society’s needs. The opinions on this topic are…
Smart Grid Technologies: Communication Technologies and Standards Smart Grid History As soon as electrical distribution grids came into being the need for metering arose. The initial devices were used for metering consumption, however modern smart grid technology uses two way metering and can switch appliances on or off according to demand and off peak tariffs. Over the last one hundred years many obstacles to smart grid technology have been overcome. The earliest attempt at smart grid was…
not a new concept, in fact it has affected(?) millions of people across the world and is a political conflict in every nation. In the United States however, its measures don 't reflect our country 's healthy economy. Due to the extremely uneven distribution of wealth in the United States, inequality rates are not parallel with what is to be expected of a high income country like ours. As the steps of the economic ladder move further apart it seems as though it will only get harder to climb…
intention. 5. Empowering effect on interoperability. 6.Empowering through interoperability has an effect on turnover intention. Results Since the normal distribution of variables in the regression, is the most important default, before examining hypotheses, using non-parametric test Kolmogorov - Smirnov, was investigated assuming normal distribution of data related to each of the variables. In all tests performed in this study,…