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Revision Estimate for Probability of Finding Gas

A local energy provider offers a landowner $180,000 for the exploration rights to natural gas on a certain site and the option for future development. This option, if exercised, is worth an additional $1,800,000 to the landowner, but this will occur only if natural gas is discovered during the exploration phase. The landowner, b

3 Varied Rational Functions Plotted on Same Graph

One of the advantages of rational functions is that even rational functions with low-order polynomials can provide an excellent fit for complex experimental data. Linear-to-linear rational functions have been used to describe earthquake plates. As another example, a linear-quadratic fit has been used to describe lung functio

Profit objective

A potato vendor charges $4.90 per spud sold.The stall has a Fixed cost of $500 per week. The variable cost of each potato sold is $1.50. How may potatoes must the stall sell in order to achieve a profit objective of $750 per week ?

How much gasoline is consumed each day in the United States?

Gasoline accounts for 85% of the motor fuel consumed in the United States every day. If 8,882 thousand barrels (bbl) of motor fuel is consumed each day, how much gasoline is consumed each day in the United States? Round to the nearest barrel.

Choosing retirement savings plans

Please help with the following problems. You would like to begin (or increase) your savings for retirement. What types of retirement plans (401ks, IRAs, etc.) might be best for your personal situation? Be sure to explain the plan you are interested in and why this is best for you.

Ethics For Managers

Considering Values The Word for the study of Values in Philosophy is "Axiology," which has the same root as "Axiom" in mathematics. In Axiology, however, values are studied as to what motivates, inspires, of is responsible for human decision making. I would like to introduce Four basic Value Orientations in American Politics an

PERT network problem

Given the following table: 1. Draw the network diagram 2. Determine the critical path 3. Calculate the expected duration and variance for each acitivity 4. Calculate the expected duration and variance of the critical path 5. Find the probability of completing the project in: a. Less than 22

Hayslett Corporation was organized on January 1, 2006.

Hayslett Corporation was organized on January 1, 2006. It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 100,000 shares of common stoc

Relevant Costing

Thanks Again for your great assistance ! I need help with the following assignment (See attachment). Please note that part one deals with Wal-Mart Co. again and part two is just a scenario for the Air Frisco Co. Please note that in part two I scratched out $480 . Its actually $280. I made a typo.

Statistics: cars and annual income example

Look at the data below for the income levels and prices paid for cars for ten people: Annual Income Level Amount Spent on Car $38,000 $10,000 $40,000 $14,000 $117,000 $37,000 $17,000 $2,500 $23,000 $6,000 $79

Probability of Project Completion

Using PERT, Harold Benson was able to determine that the expected project completion time for the construction of a pleasure yacht is 22.7 months and the project variance is 9. What is the probability that the project will be completed in 20 months? What is the probability that the project will be completed in 26 months?

Probability Distribution in Research: Example Problem

Marketing share of mechanical watches where at an all time low of 5%. Research so far has indicated that the watches tend to fail three tests frequently and you need to recommend machines that need to be upgraded because they may be responsible for the failures. Suggested equipment: Poising Machine, Customized Movement Hol

Compute Cost per Unit

I would like to understand material, Labor and activity costs of each product to help guide my pricing decisions. Compute the cost per unit of product 1, product 2, and product 3, Why do the costs differ across the three products? PRODUCT 1 PRODUCT 2 Product3 Units per batch

Probability Distribution - Scrapper Elevator Company

The Scrapper Elevator Company has 20 sales representatives who sell their product throughout the United States and Canada. The number of units sold by each representative is listed below. Assume these sales figures to be the population values. 2 3 2 3 3 4 2 4 3 2 2 7 3 4 5 3 3 3 3 5 a. Draw a graph showing the population d

What's the difference between flow time and cycle time?

Dear OTA, Please help me with steps. Please see attached file for full problem description. Thanks 1. a. What's the difference between flow time and cycle time? b. What is the relation between flow time and cycle time (in terms of a formula)? c. Particularly, if flow time of a production process is 3 hours, and

Law of Demand

* During the month of July, McElroy Company's direct labor cost totaled $36,000, and direct labor cost was 60% of prime cost. If total manufacturing costs during July were $85,000, the manufacturing overhead was: a. $60,000 b. $25,000 c. $30,000 d. $51,000 * Suppose that the price of Product A falls from $20 to $1

Probability Distribution - GMAT

Help with this problem please: Jane is told that her GMAT score is in the top 2% in her region at 28. The average score was 18. Tom scores 25 and Sandra scores 17. What are Jane, Tom, and Sandra's percentile scores?

Probability Distribution of Normal Distribution

Jon Molnar will graduate from Carolina Forest High School this year. He took the American College Test (ACT) for college admission and received a score of 30. The high school principal informed him that only 2 percent of the students taking the exam received a high score. The mean score for all students taking the exam is 18.

Financial Management for Managers

1) Problem Number One concerns The Norman Automatic Mailer Machine Company do all parts a through d. Problem 1. The Norman Automatic Mailer Machine Company is planning to expand production because of the increased volume of mailouts. The increased mailout capacity will cost $2,000,000. The expansion can be financed eithe

Owens Orchards

57. The IRS was interested in the number of individual tax forms prepared by small accounting firms. The IRS randomly sampled 50 public accounting firms with 10 or fewer employees in the Dallas-Fort Worth area. The following frequency table reports the results of the study. Estimate the mean and the standard deviation.

Measurements/statistics

2. What is the level of measurement for these items related to the newspaper business? a. the number of papers sold each Sunday in 2004. b. The department, such as editorial, advertising, sports, etc. c. A summary of the number of papers sold by county. d. The number of years with the paper for each employee.

For your convenince, I have attached an MS Word file containing examples of statistical analysis tests. I have also added additional material regarding the statistical sampling process which should be useful in gaining a better understanding of the subject matter. For example, how population and sample definition fit into theoverall auditing process.

For your convenince, I have attached an MS Word file containing examples of statistical analysis tests, including the steps in the statistical sampling application. I have also added additional material regarding the statistical sampling process which should be useful in gaining a better understanding of the subject matter. Fo

Data Analysis and Trends

This is the data table about my city that I live in 1990 and 2000 and difference 1990 2000 Difference Total Population 38,372 40,072 1,700 Males 18,277