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Business Math

A collection of all state probabilities for a given system at any given period of time is called the transition probabilities. vector of state probabilities. fundamental matrix. equilibrium condition.

1. Which of the following are synonyms? Hungarian method, Flood's technique, and reduced matrix method Hungarian method, MODI, and Vogel's approximation method northwest corner rule, MODI, and reduced matrix method stepping-stone method, reduced matrix method, and northwest corner rule 2. A model containing a line

Define regression, time series plot, calculators to use

1. Define regression in your own words. 2. Define a time series plot your own words. 3. What are the four components of time series plots? 4. What programs or calculators can perform basic statistical calculations? 5. What programs or calculators can perform multiple statistical calculations involving a large

What's first before we can determine the standard deviation?

How do we calculate the mean of a set of data? What do we have to do first before we can determine the standard deviation of a set of data? (What other values do we need first?) What is the shape of a normal frequency distribution's graph? What is the common term for the standardized score of a normal curve? Define

Determining Normal and Crash Critical Paths

Activity Normal time Crash time Normal cost Crash cost 1-2 3 2 1000 1500 2-3 4 2 2000 4000 2-4 4 3 2500 3500 3-5 3 1 1500 2500 4-5 4 2 6000 12000 5-6 6 3 2000 5000 Determine: a) Normal critical path. b) Crash critical path. c) The first and last activities to be crashed. d)

Accounting: calculate the budgeted gross profit.

For Nolte Company, the budgeted cost for one unit of product is direct materials $10, direct labor $20 and manufacturing overhead 90% of direct labor cost. If 25,000 units are expected to be sold at $69 each, what is the budgeted gross profit?

Expressing the manufacturing overhead rate

Morales Company's manufacturing overhead budget shows total variable cost of $198,000 and total fixed cost of $162,000. Total production in units is expected to be 160,000. It takes 15 minutes to make one unit, and the direct labor rate is $15 per hour. Express the manufacturing overhead rate as a percentage of direct labor cost

Research and Statistical Analysis: Analysis of article

Please give your opinion on the following article: There were an estimated 6,356,000 car accidents in the US in 2000. There were about 3.2 million injuries and 35,875 people were killed in auto accidents in 2000 based on data collected by the Federal Highway Administration. There were an estimated 6,289,000 police-reported

Chart of statistical data: categorical variable

Collect some categorical data on a topic of interest to you and represent it in a statistical picture. Explain what you have done to make sure the picture is as useful as possible. EXAMPLE: A topic of interest to me is the Relationship between Exam Time and Exam Scores in an Online Intermediate Algebra Course. I feel that

zero stock level to reorder

An inventory manager for a firm wants to determine the mean demand for a particular product in stock during the reorder lead time(the lag between from the time the products are ordered to the time the order is received). This information is needed to determine how far in advance of a zero stock level to reorder. Both demand an

Inventory Management

Christine Yamaguchi is the manager of the A-to-Z Office Supply Company in Charlotte. The company attempts to gain an advantage over its competitors by providing quality customer service, which includes prompt delivery of orders by truck or van and always being able to meet customer demand from its stock. In order to achieve th

Finance

In a Word document, upload your answers to the following questions below. Very importantly - show all your work. If your final answer is wrong, you can still receive partial credit if you show all of your steps and demonstrate a good understanding of the time value of money. 1. In two to three paragraphs, explain why the co

Statistical analysis- observational study

Go to the Internet and locate a journal article that describes an observational study. Explain how it was done using the terminology in Chapter 5 of the Seeing Through Statistics, 3rd Edition textbook and whether you agree with the conclusions drawn by the author(s) of the article. Example: Hello! My son did a science ex

5 Year Average Annual Return

Using this formula.. r=(S/P)^1/n - 1 An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006 (www.money.com). Use the formula above to find the 5 year average annual return. r equals S over P to the power of 1/n minus 1

statistics - probabilities scenario participants

Read the scenario attached. The data given: Suppose 200 men and 200 women participate in a study and 280 report they prefer plain water. Of the participants preferring a sports drink, 80 were men and 40 were women. Find the various probabilities under a - f (omit g) below. a. What is the probability that a person p

Calculating the Intrinsic Value of a Bond

Twin Oaks Health Center has a bond issue outstanding with a coupon rate of 7 percent and four years remaining until maturity. The par value of the bond is $1,000, and the bond pays interest annually. a. Determine the current value of the bond if present market conditions justify a 14 percent required rate of return.

Quantitative Analysis (See attachment)

Linear programing modeling . Please help with review questions. 1. A furniture manufacturer produces three products, desks, tables, and chairs. These products can be produced during either the morning shift or the evening shift. The morning shift has a labor cost of $20 per hour with a maximum availability of 20,000 hours. The

Probability of Loss

Find the optimal level of safety (probability of an accident) from a societal perspective using the data on the costs of safety given in the table below. Assume that an accident imposes costs on a victim equal to $500,000. Probability Safety of Loss Expenditures 0.030 $ 0 0.020 1,000 0.015 2,000 0.012

tabular summaries, scatter diagram, statistical analysis

Motion picture Opening Sales Gross Sales Theaters Weeks in Top 60 Gross Sales CC 29.17 67.25 2574 16 67.25 LIL 0.15 6.65 119 22 6.65 BB 48.75 205.28 3858 18 205.28 U 10.9 24.47 1962 8 24.47 PP 0.06 0.23 24 4 0.23 FP 12.4 42.01 3275 14 42.01 HP 102.69 287.18 3858 13 287.18 MIL 23.11 82.89 3424 16 82.89 WN 24.11 55.85 227

Use statistics to see why Disney wanted Pixar

Statistics - Walt Disney. Use statistics (median, mode, mean) to show why they were interested in buying Pixar. Data attached. Solution includes data in excel and excel formulas to get statistics. There is a graph to give a visual to support the response. Data cells can be changed and statistics and graph update automatic

The physician may want to view the following documentation: Administrative Data-entails the patient's confidential personal information such as contact information, insurance, and anything that would validate the patients true identity. As a result of seeing a wide array of patients, physicians, nurses, etc. want to make sure that there are no mix-ups with placing the wrong chart with the wrong patient. History and Physical report-this consists of a collection of information that includes a detailed account of the patients' past and present illnesses. This section would also include diagnoses of current problematic symptoms. Progress Notes-This segment of the hospitalized chart would include new developments in the patients' condition. The physician will monitor the patients' progress after the lab results, and additional tests have been analyzed. Nurse Notes-Monitor of the patients' daily routine, nutrition, and or vital statistics. In this section a nurse may make recommendations for the attending physician (Novak & Davis, 2004). These notes would include a patients' blood panel, and information regarding which cells are active in the patient and which cells are depleting. Lab Results-would include a comparison of white blood count (WBC) to red blood cells (RBC), whether the patients' blood count are normal or abnormal. The lab test would include, PT, PTT, CBC, RBC, (Cultures) Urinalysis, Stool, Hct, et cetera. These results would identify any bacteria, diseases, infections, or any abnormalities in the blood and/or urine. Radiology Reports-CT's, MRI's, and X-Ray's. Each report identifies issues that may arise within the musculoskeletal system. Physicians Orders-abbreviated notes of instruction of what the physician concluded would be the best method of treatment, it would also include medication prescribed and the times of day the patient is required to take medication.

The physician may want to view the following documentation: Administrative Data-entails the patient's confidential personal information such as contact information, insurance, and anything that would validate the patients true identity. As a result of seeing a wide array of patients, physicians, nurses, etc. want to make sur

Introduction The health care professionals of an acute care facility must encompass exclusive comprehensive medical treatment that is otherwise inaccessible from other organizations that may lack the funding necessary to conduct adequate research needed to continuously develop additional treatments to reduce the severity of cardiac arrest and/or cancer complications. The organization that comes to mind is University Medical Center (UMC), this hospital is somewhat of an educational hospital in which case physicians, nurses, and medical administration are actively utilizing today's technological advancements and statistical research to determine which methods will further enhance the organizations objective of applying exceptional health care procedures with satisfactory results. Identify the professional hospital personnel likely to be interacting with cardiac surgery or cancer patients. At UMC, patients who may need developmental treatment and/or follow-up treatment may need a trauma support staff that may sympathize with what the patients are going through. UMC has integrated the following methods of mediation for cancer, and cardiac diseases such as; Alternative Therapy for living with cancer (and other disease) (UMC, 2009); disease control management; and preventative screening procedures.

Introduction The health care professionals of an acute care facility must encompass exclusive comprehensive medical treatment that is otherwise inaccessible from other organizations that may lack the funding necessary to conduct adequate research needed to continuously develop additional treatments to reduce the severity of c

Pros and Cons of Three Types of Consulting Firms

Based on the attached skill matrix, discuss the pros and cons of the three types of consulting firms. Logistics Consulting Firm, Risk Management Consulting Firm and Business Consulting Firm. Discuss the types of problems/issues your company will address in its consulting capacity. This might include a specialty Logistics Con

Saving for retirement

Problem 35. You are saving for retirement. To live comfortably, you decide you will need to save $2million by the time you are 65. Today is your 30th birthday, and you decide, starting today and continuing on everyday birthday up to and including your 65th birthday, that you will put the same amount into savings account. Is

Two-factor APT model

An analyst has modeled the stock of Crisp Trucking using a two-factor APT model. The risk-free rate is 6%, the expected return on the first factor (r1) is 12%, and the expected return on the second factor (r2) is 8%. If bi1 = 0.7 and bi2 = 0.9, what is Crisp's required return?

Determining Last Year's Dividend per Share

The company with the common equity accounts shown here has declared a 12 percent dividend at a time when the market value of its stock is $35 per share. common stock ($1 per value 198,000 capital surplus 1,753,000 Retained earnings 3,500,700 Total owners eq

Worthington's payout ratio

Worthington Corp has declared an annual dividend of .90 per share. For the year just ended, earnings were 6.50 per share. 1. What is Worthington's payout ratio? 2. Suppose Worthington has 6.3 million shares outstanding. Borrowing for the coming year is planned 16 milliton. What are the planned outlays assuming a reisdu

Loss Probability

Suppose that Skipper's insurer views him as having the following distribution for the present value of losses: Loss= $20,000 with probability 0.02 $5,000 with probability 0.04 $1,000 with probability 0.10 $0 with probability 0.84 What is the fair premiums for full coverage if the competitive loading (administrative cos