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Business Math

Probability Questions

PLEASE ANSWER EACH QUESTION SEPERATELY. THANK YOU 1. How can we use probability statistics to anticipate health care costs for the future? 2. What is the probability that your favorite NFL team will win the Super Bowl? 3. Can using probability in market trending decisions lead to a bad decision? Explain? 4. Is there

Analyzing Statistics

70. Refer to the Baseball 2000 data (Appendix K), which reports information for the 30 Major League Baseball teams for the 2000 season. a. Determine the mean and the median team salary. Does one measure of central tendency seem better, or more representative, than the other? b. Determine the mean and the median attendance per

Important information about Price of a Forward Contract

You enter into a forward contract to buy a 10-year, zero coupon bond that will be issued in one year. The face value of the bond is $1,000, and the 1-year and 11-year spot interest rates are 3 percent per annum and 8 percent per annum, respectively. Both of these interest rates are expressed as effective annual yields. a.

PERT/CPM network and critical path.

This is a re-post for a problem. I'm confused with the OTA's answer because in the response that I received (attached as 44279-business-CPM, PERT(1).xls), Activity F follows C and D, but in the problem definition, it is supposed to follow A and C. Please help me clarify this... I have also attached what I came up with for t

Portfolio Management for personal financial planning

Cliff Swatner is single, 33, and owns a condominium in New York City worth $250,000. Cliff is an attorney and doing well financially. His income last year exceeded $90,000, and he has sufficient liquid assets to supplement his condominium and other tangible assets. Several years ago, Cliff began investing in stocks and bonds. He

Simplex Tableau

Given the following simplex tableau, complete the tableau and answer the following questions: X1 X2 X3 S1 S2 Basis Cb | 3 4 5 0 0 | ___________|___________________________|______ | 1/2 1 0 1/2 -1/2 | 6

Sweepstakes : In what form should I take my winnings?

As a sweepstakes ( or lotto ) winner I have 5 choices to choose from. Which should I accept? $999,999 now $100,000 per yr forever $180,000 per yr for the next 10 yrs starting now $400,000 payable every 2 yrs for 20 yrs $70,000 per yr forever

Business statistics/finite math- Multiple choice questions

0. _________ is a procedure for revising probabilities based upon additional information. a. Utility theory b. Bernoulli's theorem c. Beckman's theorem d. Bayes' theorem 1. A medical doctor is involved in a $1 million malpractice suit. He can either settle out of court for $250,000 or go to court. If he goes to court and

Reviews of Levels of Data: Nominal, Ordinal, Interval and Ratio

The following problems are reviews of levels of data: 1. You are asked to do an analysis of students currently attending Baker College classes online. One of the areas being assessed is the number of students in the military compared to civilians. In the survey you plan on sending out, one question asks the respondent to chec

Decision-Based Costing : Manufacture or Buy?

The Minnetonka Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis. After considerable research, a cross-country ski line has been developed. Because of the c

Accounting : Asset Exchanged at a Gain

Asset Exchanged at a Gain Asset originally purchased on 1/1/90 is exchanged for a similar asset on 1/1/93. Cash of $10,000 is also paid and the old asset has fair market value of $8,000 on the date of exchange.

Financial Problem: Figuring the cost of foregoing the cash discount.

Syntech is offered credit terms of 2/10, net 40, but decides to forego taking the cash discount and pays on the 45th day. What is Syntech's cost of foregoing the cash discount? [AFC=(Interest Paid/usable funds)(365/maturity(days)] The four answers that I have are one of the following: a. 24.83% b. 21.28% c. 18.62% d. n

Modelling : Elevator / Lift Usage

A large corporation with offices filling a 40 storey building is concerned to minimize the waiting and travel times of its employees when using the lifts, which are regularly perceived as too long at certain times of the day. It is powerless to alter the number of lifts in service; instead it seeks to model the pattern of the us

Business Math : Motgage, Interest and Amortization

A house worth $70,000 is purchased with a down payment of $20,000 and a mortgage amortized over 20 years. If the interest rate is 14% compounded semi- annually; a. Determine the size of each monthly payment. b. How much of the 60th payment goes to interest and how much to principal repayment? c. Determine the outstandin

Maximum profit

A farmer grows two crops, corn and soybeans. Suppose that each acre planted with corn requires 1 man day of labor, $3 investment and yields a profit of $35 at harvest. Each acre of soybeans on the other hand requires 2 man days of labor,$1 investment and returns a profit of $20 at harvest. The farmer had a total of 70 acres avai

Business math

1.The gross profit on the sale of a pair of shoes is 39%,if expenses are 25% of the selling price and the cost price is $17.95, what is the selling price and the gross profit in dollars? 2.If expenses are $175.00 and profit is $120.00 and the selling price in$495.00, what is the cost and what percentage is the profit an

Business Math

Solve for x,y,z in: 3x-y-z= -1/2 2x+y+4z=0 4x+3y+5z=6

Liquidity Ratio Financial Accounting

Student Name: Instructor Name: Course ID: Date: Financial Accounting, 4th Edition, Weygandt, Kieso, Kimmel Solving Financial Accounting Problems Using Excel for Windows, Rex A Schildhouse BYP4-10 Manitowoc Company and Caterpillar

Financial Accounting

Please see the attached file for full problem description. 100. Which of the following is not a significant date with respect to dividends? a. The declaration date b. The incorporation date c. The record date d. The payment date 101. On the dividend record date, a. a dividend becomes a current obligation. b. no entry i

Financial Accounting

Presented below are two independent situations. 1. Roscoe Cosmetics acquired 10% of the 200,000 shares of common stock of Ling Fashion at a total cost of $13 per share on March 18, 2002. On June 30, Ling declared and paid a $75,000 dividend. On December 31, Ling reported net income of $122,000 for the year. At December 31, t

Financial Accounting

E3-4 On January 1, 2002, the stockholders' equity section of Ted Parge Corporation shows: common stock ($5 par value) $1,500,000; paid-in capital in excess of par value $1,000,000; and retained earnings $1,200,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 50,000 shares for cash at

Financial Accounting

Which ratios should be used to help answer the following questions? (a) How efficient is a company in using its assets to produce sales? (b) How near to sale is the inventory on hand? (c) How many dollars of net income were earned for each dollar invested by the owners? (d) How able is a company to meet interest charges a

Financial Accounting

What is a ratio? What are the different ways of expressing the relationship of two amounts? What information does a ratio provide?

Financial Accounting

What ratios do mortgage companies use in determining the qualifications of home buyers?

Constraints for Objective Functions

I supplied my objective function and constraints and I am obviously off. I don't understand why it is selling in month one rather than month three. Please point out the correct objective function and constraints. 6. You own a wheat warehouse with a capacity of 20,000 bushels. At the beginning of month 1 you have 6000 bushe