The First Four Days of the Next Four Years (Guest Entry)

The First Four Days of the Next Four Years (Guest Entry) By Li Brunetto 12 STUDY. SLEEP. PARTY.pick two: this was the advice I received from an MIT alum a while back. Throughout my time at CPW, I came to understand the meaning and context of those words. My name is Li, and I am an enthusiastic member of the incoming class. I attend Cambridge Rindge and Latin School (more commonly known as CRLS or simply Rindge), the only public high school in Cambridge, MA. I must admit that it was often awkward answering the question: Where are you from?, and approximately ¼ of the time it was followed up by: You mean, Cambridge, likehere? Or are you from England? My trek to MIT was very humble, yet, as my Dad drove down Mass. Ave, the journey felt decidedly different. (Oh yeah, this is my first time blogging, so let me know if Im just rambling on aimlessly! No one at my school blogs, and it would have been rather silly to create a blog that no one would read. Nonetheless, I thought Id try it since Ive enjoyed reading the blogs on MyMIT. I cant possibly describe every fact and anecdote, but I hope that I can bring some of my most exciting moments to life.) I started my CPW experience by tagging along with my hosta fellow artist/dancer and a Course 20 sophomoreto her first class, 6.00. Course 6 isnt really my cup of tea, but it was surreal to find myself sitting aside current MIT students (even one who was sleeping with his mouth wide open!) After this lecture, I went out on campus alone. After attending both 3.042 (a materials science course) and the general tour, I met up with my host and a couple other prefrosh for lunch on the steps of the Student Center. The sun was shining and the campus became more and more animated as the day continued. All of a sudden, a familiar figure walked out of the building, and we took a picture together: After lunch and an informational meeting on housing and dining, I (along with Tina12 and Marissa12) was approached and interviewed by folks from TechTV! (Kind of embarrassing now that I watch it) We then walked down Mass Ave, following the chalk arrows down to Random Hall to taste liquid nitrogen ice cream. Tons of prefrosh were packed into the room, waiting in suspense at 4:17 PM as Random Hall residents organized their flavoring and got liquid nitrogen from the adjacent room: By the time everything was ready, I managed to get past the crowds to take a front row seat: and heres the awkward part: I met up with someone I knew from Facebook! As we walked back towards MIT for the EAsT CamPUS tours, we met yet another Facebook prefrosh. Despite the oddness of these encounters, we got along really well and ended up spending the majority of CPW together. Given the beautiful, balmy weather (quite extraordinary for Cambridge, since it had been cloudy and drizzly for a while) a few prefrosh and I decided to go to the Baker Rooftop Party. We were surrounded by a breathtaking cityscape: We also took this silly group shot together before we called it a night: The next day, I attended a wide range of activities: Applied Math Lab Tours, Tie Dye at McCormick, the MIT Energy Showcase, The Advanced Music Performance, Meet the Bloggersetc. I even managed to catch the EC/Senior House Water War in action: One of the most exciting of Fridays events was the Bouncy Ball Drop, where I was fascinated to see not just people at (and climbing out of?) their windows, but a cat, too: I stood back far enough to record a video. You cant really see the balls falling, but this video decently captures and strobe light and the tail end of White Rabbit by Jefferson Airplane (how psychedelic): For me, Saturday was mostly a dorm tour day. I visited MacGregor, Simmons, New House (où jai parlé avec quelques étudiants à La Maison Française), and Next House. After having a very nebulous idea of what dorm I was looking for/preferred, Simmons became my instant favorite. Another prefrosh and I went down to see the famous ball pit/meditation room, and I thought Id just embrace the craziness by practicing yoga: And of course, Simmons was filled with photographic possibilities: (But of course, I have more concrete reasons to prefer it, too!) After the Activities Fair and CPW Closing Remarks/Variety show, a couple of prefrosh and I ran through the drizzle-turned-downpour all the way down Dorm Row to Next House, where a past classmate of mine (a current sophomore) performed in Once Upon A Mattress. Coincidentally, it was also hack night for Next Act. During my time at CPW, I managed to visit every dorm (minus Bexley), and participated in more events than I can keep track of. It was truly the most fun I had had in a long time (especially since senioritis is really starting to kick in.) My only regrets are: 1) I didnt get to any events across the river 2) I didnt spend much time with my host, who was AWESOME I know this sounds cliché to the extreme, but I truly felt that I could be myself at CPW. When I applied last fall, I made that decision based upon MITs curriculum and location, but I never realized how cohesive the community was on an emotional/social level. The students I met struck me as independent, innovative people with brilliant senses of humor. Being on campus revived within me a sense of wonder that I hadnt come across since childhooda feeling in between that of visiting the Museum of Science for the first time, and going trick-or-treating past my bedtime. I am still awed by the creative energy that flew through the campus, and am honored that I will soon become part of it.

Corporate Ethical Duties Essay - 275 Words

Corporate Ethical Duties (Essay Sample) Content: Corporate Ethical DutiesNameInstitutionCourse code + dateInstructorBusinesses have an obligation to fulfil to the people as well as the society in the areas that it operates. The obligations that any business has towards humans are no secret as it should not cause any harm to any person in any way possible. However, there are certain conflicts when it comes to business obligations towards the environment and other living things. While businesses must ensure they are not harmful to the environment as a whole, there are cases where they can be detrimental to the environment. Business ethics requires that people should ensure the well-being of their environment in the course of doing business (Hartman DesJardins, 2011, p. 56).Any business that operates in any society does not only need to be harmless to the people that it serves, but the same courtesy should get transferred to the environment. It is this environment that people live. Any harm caused to the environment i s a damage caused to humanity and the well-being of other animals or plants (Wilson, 2015). It is, therefore, crucial for all businesses to operate in a way that they do not injure the environment in any way. All businesses should have a direct ethical duty to ensure the environment remains unpolluted (Hartman DesJardins, 2011, p.37).The question of whether non-human animals and plants have rights is a difficult one. Firstly, non-human animals and plants are not equal to human beings and as such they should not be treated equally. Secondly, humanà ¢Ã¢â€š ¬s rights must always reign supreme ...

Understanding Variations in Communication Related to Failure to Rescue - Free Essay Example

Sample details Pages: 4 Words: 1121 Downloads: 1 Date added: 2019/03/18 Category Analytics Essay Level High school Tags: Failure Essay Did you like this example? RESULTS We conducted 58 interviews from February through June 2017. Table 1 describes the number of interview subjects by care area and role. Direct care nursing refers to General Care, Post Anesthesia Care Unit (PACU), and Surgical Intensive Care Unit (SICU) nurses. Don’t waste time! Our writers will create an original "Understanding Variations in Communication Related to Failure to Rescue" essay for you Create order These nurses hold primary responsibility for their assigned patients care and are considered the first line at the bedside. Consultation services include Life Safety nurses and Respiratory Therapists (RT). Life Safety nurses are ACLS and PALS certified critical care RNs, who are the first tier of the hospitals Rapid Response Team (RRT). A Life Safety Consult may be initiated by a frontline nurse whereby a Life Safety nurse comes to the bedside for assessment and provides necessary critical care and referral to a higher level of care. At the physician level, house officers are comprised of interns and residents, designated by their post-graduate year (PGY). Recognition Table 2 provides representative examples of facilitators and barriers to recognition of patient deterioration or complication by clinician type. The primary concepts identified within the recognition domain include 1) use of existing technology to aid in recognition of decline, 2) importance of staff experience level, and 3) acting on clinical intuition alone without supporting physiologic data. The use of technology that aids in detection of patient deterioration was a common point of emphasis across clinicians. There was uniform agreement that these tools are helpful, but that they do not replace the importance of visual and physical assessment of patients. For example, PACU nurses commented on this socio-technical relationship, reflecting on both alarms being sensitive to alert when vital signs change and having nurses available with their eyes on the patients 24/7 to detect decline. Respondents cited the importance of staff experience level is for identifying important problems and knowing when to call for help. General care nurses specifically noted that the majority of staff on the floor are inexperienced†both nurses and house officers. An Attending Surgeon stated the barrier is that both the direct care nurse and the junior house officer are the team members with the least amount of experience, yet they are the keystone to early recognition. Some noted the importance of allowing new staff to have teachable moments, however, when issues of patient safety arise, experienced level staff have to intervene and escalate care accordingly. Clinical intuition is developed over years of experience and may not have traditional physiologic data that accompanies it. Clinicians cited difficulty in appropriately communicating development of a hunch or gut feeling of potential patient deterioration. For example, general care nurses reflected on hesitating to call when an issue first started to develop. They still felt the need to allow the issue to develop further before calling the surgeon or life safety team. Also, while junior house officers described having suspicions that their patient was not doing well, they deferred to the opinions of their senior resident, which may be delayed. Communication Process Table 3 provides representative examples of communication processes, such as handoffs and communication hierarchies that influence the rescue process. The primary concepts identified include 1) the availability of the primary and consulting services, 2) how well information was relayed and received in report, and 3) the involvement of staff during rounding. The ability of primary and consulting services to connect with the direct care nurse was consistently described as a key barrier to early detection of deterioration. For example, general care nurses reported the unavailability of consultation and specialty services to meet face to face to discuss individual patients would often leave the nurse to communicate crucial information in an unstructured, ad-hoc manner. Nuances of patient concerns across providers could be lost in these circumstances. The quality of information exchange during routine patient handoffs or discussions relied on three factors: 1) the clinician relaying the information, 2) the clarity of expectations or orders, and 3) the platform used to communicate. For example, nurses and RTs cited the need for physician to physician communication regarding escalation of care. Recommendations for escalation from nurses and RTs were taken into consideration, but not necessarily acted upon immediately. Also, more precise and clear instructions from physicians on postoperative care pathways proved invaluable to managing patients and detecting early deviation from the expected course. Finally, physicians and others cited verbal communication via telephone or in-person as key to effective communication of concerns or plans. Many respondents also noted the importance of shared rounding and the presence of frontline staff to effective communication. For example, house officers and SICU nurses described rounds as a time for discussion and interdisciplinary contributions to the care plan. In particular, they noted the tension between both the immense value and logistic difficulty in interdisciplinary rounds for complex patients. Specifically nurses felt this poorly coordinated communication process may result in potential missed opportunities for early detection. Communication Accessibility Table 4 provides representative examples of the timely accessibility of appropriate clinicians involved in a patients care. The primary concepts identified include 1) ability to contact the patients primary decision-making clinician, 2) day of week and shift related staff availability, and 3) response times based on the position of who calls. Clinicians reported barriers in the ability to contact the appropriate clinician responsible for decision making in a timely and efficient manner. General care and PACU nurses expressed that while access to urgent or emergent services like Life Safety or rapid response teams were excellent, the accessibility of the surgical provider or team often delayed care. Determination of the primary team by frontline clinicians was not always clear and resulted in frustration and delay. For example, if all interns were in the operating room, the general care nurses could not determine who the covering provider was. This seemingly routine step in communication was also highlighted by attending surgeons who found similar barriers in contacting consulting services. A distinct and important factor in accessibility of providers was the day of week and shift. Uniformly, clinicians reported barriers to accessing staff and resources on weekends and during the night shift. Even in high acuity setting such as the SICU, nurses reported ease in getting a hold of a staff member on a week day or during the day shift, but significant difficulty on nights and weekends. House officers reported needing to alter their practices and adapt to having fewer people and resources during these off hours and days. When contacting clinicians, response times varied according to the perceived positional status of the caller. Some staff reported that all concerns were not weighted equally when expressed by general care nurses versus PACU or Life Safety nurses. For example, PACU and Life Safety nurses reported receiving more respect from other staff solely based on their title. Interns and residents responded to Life Safety nurses with urgency, ensuring they were readily available by pager and responsive at the bedside.

The Healthcare Reform Occupational Therapy - 998 Words

Welcome to the Healthcare Reform Occupational Therapy The effects that the Affordable Care has had on occupational therapy have been remarkable. The implementation of the government regulated health care plans has caused recognition for this growing field and the chance for patients to receive therapeutic care necessary for recovery of certain debilitating injuries. Unlike other health care professionals, occupational therapist professionals have mostly benefited from the Obama Care Act being that the approach to health care has shifted to prevention, early detection and safety, which allows for occupational therapy to be considered a covered service as part of the essential circle of care making it a primary benefit under the government funded plans given that the main purpose of this service is to help patients live a healthier life focused on wellness and safety. Before the health care reform, the common approach of care was writing prescriptions and performing procedures after a patient was already ill rather than focusing on preventing a patient from becoming ill or contracting debilitating and/or life threatening diseases and other illnesses. Going forward, times are changing and the insurance companies are now rewarding patients for being healthy with added benefits to promote health and wellness. The affordable care act has shifted the national approach of health care to prevention, early detection and safety as well as disease management. This shift of focus is aShow MoreRelatedThe Patient Protection And Affordable Care Act1282 Words   |  6 Pages Occupational Therapy is a health, wellness, and rehabilitation profession devoted to the development of performance and function across their lifetime so that individuals can live their life to the fullest. The holistic approach taken by occupational therapy practitioners is particularly effective in the areas of wellness, health promotion, and prevention. The practice of occupational therapy can take place in health care and education settings, and in community based agencies and organizationsRead MoreThe Patient Protection And Affordable Care Act Essay1282 Words   |  6 Pages Occupational Therapy is a health, wellness and rehabilitation profession devoted to the development of performance and function across their lifetime so that individuals can live their life to the fullest. The holistic approach taken by occupational therapy practitioners is particularly effective in the areas of wellness, health promotion, and prevention. The practice of occupational therapy can take place in health care and education settings, and in community based agencies and organizations.Read MoreA Political Party May Have On Regulating Healthcare Essay1392 Words   |  6 Pagesis to understand the influence a political party may have on regulating healthcare. Furthermore, it proves the responsibility of the occupational therapists to investigate and advocate in politics regarding health care that may affect future clients and/or quality of care. The occupational therapy student (OTS) will present research on the libertarian candidate Gary Johnson, and his views on healthcare and occupational therapy. About Gary Johnson and the Libertarian Party Gary Johnson is a candidateRead MoreThe Status of EBP in the PA Profession1419 Words   |  6 Pagescommercial and the face of the industry has changed and so has the requirements. Value creation today is mostly done by pharmacy benefit managers, doctors, nurses and the Physician Assistant--PA. These and health maintenance organizations are the new healthcare players. They are in need of modern tools to improve the medical cost management skills, and creating a competitive organizational culture. (Lopez, 7) The evidence-based practice which evolved in early 1990s was related to create organizationalRead MoreTransformational Leadership in Healthcare Essay833 Words   |  4 Pagestransformational leadership? Healthcare costs are continuing to rise. Some of the critical problems and active debates prevalent in many hospital organizations include the rapidly intensifying healthcare costs, funding and reimbursement cutbacks, and concern regarding the overall quality and safety of hea lth care. â€Å"Healthcare systems have come under pressure to improve performance and manage productivity† (Botting, 2011). To be successful in the 21st century, there is a demand on healthcare systems to haveRead MoreHealth Promotion Interventions Essay1300 Words   |  6 PagesMcGraw March 24, 2013 Understanding Health Promotion Interventions in Nursing Practice The nursing profession is one of the largest health care professions, providing important opportunities for health promotion with potential to reform health at the legislative level. Health promotion is defined by Kreuter and Devore (1980) as, â€Å"the process of advocating health in order to enhance the probability that person (individual, family, and community), private (professional and business)Read MorePhysical Therapy For The Rehabilitation Process1485 Words   |  6 PagesPhysical Therapy Definition of Physical Therapy Physical therapy is the treatment of deformity, injury, or disease by healthcare professionals, physical therapists, through hands-on methods such as massage, exercise, or heat treatment so that drugs or surgery may not be needed. In physical therapy sessions therapists work with patients to help them improve their movement so that they are able to manage their pain. Physical therapy is an active profession with a scientific base that helps patientsRead MoreHealth Policy And Process Hlsc 3631u1444 Words   |  6 Pagescentury with many developing countries around the world providing universal healthcare, but efforts in the United States are unsuccessful in implementing health reforms. In the documentary (Frontline) examines the worsening economy and broken healthcare system around the United States. With millions of Americans losing jobs, unemployed, uninsured and leading to bankruptcy, which has taken a toll on peoples lives and the healthcare system. This paper will examine and di scuss the care identified in SickRead MoreThe United States Healthcare Industry1214 Words   |  5 Pages The United States healthcare industry is undergoing several trends to cope up with the ever-increasing demand and cost of health care industry. Managed care, lower reimbursement rate of Medicare and Medi-Cal and changing health care reform is creating financial challenges and increasing service area competition for various not for profit organization. Which has resulted in closure and consolidation of several not for profit health care organization. The author has elaborated various factorsRead MorePhysical Therapy For The Rehabilitation Process1368 Words   |  6 PagesPhysical Therapy Definition of Physical Therapy Physical therapy is the treatment of deformity, injury, or disease by healthcare professionals, physical therapists, through hands-on methods such as massage, exercise, or heat treatment so that drugs or surgery may not be needed. In physical therapy sessions therapists work with patients to help them improve their movement so that they are able to manage their pain. Physical therapy is an active profession with a scientific base that helps patients

The Moral Principles of Premarital Sex Essay - 3043 Words

Running Head: THE MORAL PRINCIPLES OF PREMARTIAL SEX The Moral Principles of Premarital Sex English 2 Katherine Fitch Madison College Author Note This paper was prepared for English 2, taught by Mary Sarko. THE MORAL PRINCIPLES OF PREMARTIAL SEX Abstract Over many years, the views of premarital sex have been becoming increasingly more tolerant. The whole reasoning behind why sex was created is lost in the minds of society and used for pleasure and own physical satisfaction. There are negative consequences for these actions leading to guilt, depression, and numbness to intimate relationships. Having strong parental influence can also strongly affect the outcomes of adolescence and causal sex. Additionally, marriage can be†¦show more content†¦Hence, even if there may be a motivation for casual sex because of developing one’s script or fulfilling a man’s physical satisfaction and a women’s intimacy in a relationship, there are the same emotional effects and negative outcomes that result from taking part in premarital sex. An action that was morally right would not have THE MORAL PRINCIPLES OF PREMARTIAL SEX negative emotional and psychological consequences, which would conclude casual sex was not intended to be done before marriage. There is also another consequence for participating in casual sex such as disturbance in later marriage. Sexual scripts can be written prior to marriage, providing knowledge about their own abilities, leading to a stable marriage because they may be able to make more informed choices concerning marriage. It is also very likely for someone to misunderstand physical intimacy with emotional potential, leading to disruption in marriage and make worse marital choices (Kahn, London, 1991). How is Marriage Effected? In today’s society, adolescents have a positive opinion about cohabitation before marriage. The view of marriage as an institution has faded and cohabitation has taken a new part of this culture (Martin, Specter, Martin, amp; Martin, 2003). It has often been questioned whether or not premarital sexual activity causes marriages to be disrupted. According to Teachman, Premarital sex and cohabitation has notShow MoreRelatedPremarital Sex Essay1571 Words   |  7 PagesPremarital Sex Premarital sex is defined as when two people begin to engage in sexual intercourse before marriage. In todays society premarital sex has become part of the norm and has been accepted. Many young adults are living together before marriage and engaging in sexual activity. It has become apparent that more people are involving themselves in premarital sex and do not acknowledge that it is an immoral act. Sex has become a symbol for pleasure and is no longer considered sacred in today’sRead MorePremarital Sex and Catholicism ´s View on It946 Words   |  4 Pages Premarital sex is something that has been around as long as humans have been around. According to a USA Today article, a study finds that about ninety five percent of Americans have had premarital sex. With the Catholic population in American being about twenty five percent, it is safe to assume that most Catholics are not following the teachings of the Church to a tee. It is easy to say that it is the current generations that are acting more promiscuous because they are getting married laterRead MoreInfluence Of The On Sex Education1058 Words   |  5 Pagesabout sex is regarded as taboo and removed from the public (Steinfeld, 2014). Even homosexuality was considered as a crime until 1997 and a mental illness until 2001. Culture influences China was culturally influenced by Confucius. There is one saying that goes: â€Å"Lust is the worst of all wicked things; Filial piety is the best of all good things (Steinfeld, 2014).† According to Steinfeld’s (2014) opinion, Chinese tend to discuss sex more privately and schools focused more on exams than sex educationsRead MoreWho Cares About Haiti?1425 Words   |  6 PagesIn the Case Study â€Å"Who Cares About Haiti Anyway† by Louis Jannsens there are clear indications of moral goodness, moral badness, moral rightness, and moral wrongness. In the Case Study about Haiti, and the 2010 earthquake that ravaged the country there are examples of premoral values and premoral disvalues that were involved in the decisions made in the Case Study. After the earthquake, the wealthiest countries, NGOs, and various charitable organizations pledged to help Haiti recover. People wereRead MorePremarital Sex977 Words   |  4 PagesPre-Marital Sex: Is It Worth The Wait? Pre-marital sex, young Catholics know it is wrong. So why do they do it? Most teenagers have heard or coined the phrases #8220;everyone#8217;s doing it.#8221; #8220;If you loved me you#8217;d do it#8221; and also #8220;It#8217;s okay I have a condom.#8221; Sex before marriage can be harmful to your body, your future, but the scariest of all your eternity. In this paper we shall look more into the Catholic point of view on pre-marital bliss.Read MoreThe Issue Of Premarital Sex848 Words   |  4 Pagesto be a proclamation of premarital sex. (Gault-Sherman Draper, 2012). As attitudes toward cohabitation have become progressively acceptable, it has become increasingly prevalent in today’s culture. (Gault-Sherman Draper, 2012). As a result, there has been a decline in the number of couples that are choosing marriage. Research indicates the likelihood of divorce is increased when a couple lives together prior to marriage, increasing 166% if the wife had premarital sex and co habited with anotherRead MoreSeparation of Church and State, or Not? Essay1151 Words   |  5 Pagesshow there was less violence, premarital sex, sexually transmitted diseases, divorce, and the scores on the SAT were higher. If we still were able to keep spiritual principles in schools, people would be less inclined to do these things in my opinion and the SAT or now even the ACT scores would be higher again. Today the United States believes in â€Å"the separation of church and state,† but where are we getting that mind set? We need to look at the spiritual principles, and the ideas the foundingRead MorePremarital Sex And Its Effect On Society2946 Words   |  12 Pageswhere a young teenage girl has premarital sex due to the influence of her friends and ends up pregnant. Her friends blame her for getting pregnant and her boyfriend leaves her, pregnant and alone. She is ridiculed, talked about and has to walk the halls at school with the evidence under her shirt while her ex walks around like nothing happened. Society views sex as an average thing for people to do when they are single, young and have no responsibilities. Premarital sex is often encouraged by societyRead MoreSimilarities And Differences Of Sexuality Among Major Religions1231 Words   |  5 PagesVirginity and continence are enforced either, again, as a sacrifice pleasing to the gods because indulgence in the pleasures of the flesh is regarded as the root of great moral evils. (Christian mysticism, 357). Christianity The christian views on sexuality are based upon the bible. Adam and Eve’s first command was to have sex and reproduce, their intentions were to fulfill each others needs in a strictly procreational sense. It is a duty expressed between a man and his wife that involves god blessingRead MoreReligious And Personal Beliefs Of The United States1744 Words   |  7 Pagesnonmarital sex is challenging. These changes in sexual attitudes and behaviors are connected to growing cultural individualism in the United States. When a culture places more importance on the desires of the self and less on social rules, more relaxed attitudes toward sexuality are the almost inevitable result. You are faced with the decision of conforming to a society where the acceptance of premarital sex is at an all time high. Yet, your religion and personal beliefs have shaped your moral compass

A Communication Analysis Of The Waterview Connection...

Have the Right Actions been Taken? A Communication Analysis of the Waterview Connection Development Introduction Grunig (2013) sees public relations and communication management as fundamental to the achievement of organisational goals. A major road and tunnelling project in West Auckland, has required considerable planning and communication alongside its publics. The Waterview Connection Development (WCD) is a motorway connection between State Highways 16 and 20, which, in part, runs as tunnels. The WCD links between the central business district and the airport, and an alternative to State Highway 1. This essay critically assesses how the New Zealand Transport Authority (NZTA) has communicated with publics throughout the WCD. It analyses the communication activity, and applies public relations theory. Key Publics Major publics with a distinct interest include residents with properties affected by the noise and possible shifts of land, road-users who may experience delays during building, and businesses that may lose of revenue if customers find it difficult to access them. Mehta and Xavier (2009) note engagement relationship strategies used with various publics may be different to each other and during different parts of the project. Managers will need to negotiate with residents, road-users and business-owners to minimise disruptions. All affected sections of Auckland s multicultural population should be included in the organisation s publics. The diversityShow MoreRelatedPublic Relations And Communication Management Essay1491 Words   |  6 PagesIntroduction Grunig (2013) sees public relations and communication management as fundamental to the achievement of organisational goals. A major road and tunnelling project in West Auckland, has required considerable planning and communication with publics. The Waterview Connection Development (WCD) is a motorway link between State Highways 16 and 20, which, in part, runs through tunnels. The WCD aims to provide a direct link between the central business district and the airport, and an alternative

J.J Reddick Free Essays

What is rounding? Rounding a number means approximating it. A rounded number is often easier to use, understand, and remember than the precise number. In MyFinanceLab most of our answers are rounded decimal numbers. We will write a custom essay sample on J.J Reddick or any similar topic only for you Order Now A decimal number has three parts: The whole number part, the decimal point and the decimal part. For example: [pic] So, in order to round a decimal number we basically round the decimal part of it. These are the two basic steps for rounding decimals to a place value to the right of the decimal point Step 1: Locate the digit to the right of the given place value. Step 2: If this digit is 5 or greater, add 1 to the digit in the given place value and delete all digits to its right. If this digit is less than 5, delete all digits to the right of the given place value. For example: Round 736. 2359 to the nearest hundredth. Solution: Step 1: We locate the digit to the right of the hundredths place Step 2: Since the digit to the right is 5, we add 1 to the digit in the hundredths place and delete all digits to the right of the hundredths place. Thus, 736. 2359 rounded to the nearest hundredth is 736. 24 Rounding in MyFinanceLab In MyFinanceLab we use input instructions to indicate the place value to which you must round your final answer(s). For example: Let’s say your final answer is 736. 2359. †¢ You must enter 736. 2 if the input instruction is: Round to the nearest tenth. †¢ You must enter 736. 24 if the input instruction is: Round to the nearest hundredth. Note: Other typical input instruction in MyFinanceLab is Round to the nearest cent if the final answer is in currency units. †¢ You should enter 736. 236 if the input instruction is: Round to three decimal places. Now, let’s use a simple Time Value of Money (TVM) question you may encounter in MyFinanceLab. | | |Problem Example: Comparing Interest for Various Compounding Periods. If $1,000 is invested at 8% compounded | |annually, | |monthly, | |what is the amount after 5 year? (Round to the nearest cent. ) | To solve this problem without using a financial calculator or a spreadsheet, we need to use the compound interest, future value, formula: [pic] where, i |= |r/m | |FV |= |future value at the end of n periods | |PV |= |present value | |r |= |annual rate | |m |= |number of compounding periods per year | |i |= |rate per compounding period | |n |= |Total number of compounding periods | Solution: a. Compounding annually means that there is one interest payment period per year. So, n = 5 and i = r = 0. 08. [pic] [pic] [pic] Therefore, rounded to the nearest cent, the final answer is $1,469. 33 b. Compounding monthly means that there are twelve interest payments per year. So, n = 12(5) = 60 and i = 0. 08/12 = [pic] [pic] [pic] Therefore, rounded to the nearest cent, the final answer is $1,489. 85 | |This TVM example helps us to understand a basic roundin g principle in MyFinanceLab: â€Å"Do not round until the final answer. † As you | |can see in part a. after solving the expression [pic]we leave it unrounded and use as many digits as possible in its decimal part. | |The same happens in part b with the other exponential expression. | | | |Take another look at part b. because rounding i to a small number of decimal places, such as 0. 007 or 0. 0067, would have resulted | |in round-off errors. So, to avoid this, use as many decimal places as your calculator is capable of displaying. | Tips: If you want to calculate TVM problems, mathematical calculations are relatively straightforward. However, as you will see, TVM calculations are easier using a financial calculator or spreadsheet. But, no matter what method you use – equation, financial calculators, or spreadsheets, you get the same answer because they all use the same formula and concept. These are some tips for solving TVM questions. Calculator Tips: †¢ Set your calculator to display at least five decimal places or to floating decimal place (nine decimal places). †¢ Set your calculator to one payment per year. Adjust this setting if necessary. †¢ Set your calculator to the â€Å"end† mode. Adjust this setting if necessary. Excel Tips: †¢ Take advantage of the formula help that Excel offers. †¢ If you are lost, click on â€Å"Help†. †¢ Be careful about rounding variables. For example, suppose you’re dealing with the interest rate 6. 99% compounded monthly. This means you will need to enter the interest rate per month, which is = 6. 99%/12, and since you are performing division in the cell, you need to put an â€Å"=† sign before the division is performed. Don’t round the result of 0. 0699/12 to 0. 58 and enter 0. 58 as i. Instead, enter =6. 99%/12 or as a decimal =0. 0699/12 for i. How to cite J.J Reddick, Essay examples