Cruising with Flip Flops: A MULTIDISCIPLINARY BUSINESS CASE STUDY Leonard Rymsza Kurt Saunders Paul Baum Richard Tontz California State University, Northridge The BIG PICTURE! What is the Big Picture in the Case? What are the Potential – – Statistical Issues? – Legal Issues? – Economic Issues? The Statistics? What Conclusions Can be Presented to Ms. Hahn Based on an Analysis of the Government Survey Data? What Type of Statistical Analysis Would be Performed to Reach These Conclusions? How Useful Would These Conclusions be in Helping Ms. Hahn in any Lawsuit Settlement Negotiations or at a Trial? The Case Library What Light Does the Case Library Shed on the Potential Issues – – – – Magazine Article? Fogel v. Get’N Go Markets, Inc.? Wayans v. Albert Landon, et. al.? O’Hare v. Wilkes Excursion Lines, Inc.? The Lawsuit(s)? Who Are the Possible Defendants? Upon What Legal Theories Would Potential Recovery be Based? What Elements Must be Established to Prevail Under Each Theory? Economic Data What Economic Issues are Raised in the Case? What is the Relevance of: – – – – – Inflation Rate? Cost of Living Adjustment (COLA)? Personal Income Tax Rates? Present/Future Values? Plaintiff’s Age? Good Luck! Questions or Comments?