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The data set represents the income levels of the members of a country club. Find the probability that a randomly selected member earns at least $88,000 108,000 128,000 82,000 138,000 85,000 108,000 88,000 76,000 158,000 208,000 79,000 98,000 148,000 85,000 128,000 118,000 88,000 168,000 73,000 118,000

The data set represents the income levels of the members of a country club. Find the probability that a randomly selected member earns at least $88,000 108,000 128,000 82,000 138,000 85,000 108,000 88,000 76,000 158,000 208,000 79,000 98,000 148,000 85,000 128,000 118,000 88,000 168,000 73,000 118,000

Probability Problem: Car Accident Example

In a poll, respondents were asked whether they had ever been in a car accident. 157 respondents indicated that they had been in a car accident and 117 respondents said that they had not been in a car accident. If one of these respondents is randomly selected, what is the probability of getting someone who has been in a car accid

Suppose that we will randomly select a sample of four measurements from a larger population of measurements. The sampling distribution of the sample mean is the probability distribution of a population. In your own words, describe the units in this population. 2. Why do we need to take a preliminary sample when determining the size of the sample needed to make the margin of error of a confidence interval equal to E?

1. Suppose that we will randomly select a sample of four measurements from a larger population of measurements. The sampling distribution of the sample mean is the probability distribution of a population. In your own words, describe the units in this population. 2. Why do we need to take a preliminary sample when determining

Operations Management-please help

17.(5) One part of a PERT project, installing equipment, will most likely be completed in 10 days. However, if there are no worker absences, the equipment can be installed in 8 days. If the work force happens to catch Bubonic Flu, this years' disease, the installation will take 18 days. What is the expected time (te) for the

Expansion of a Football Stadium

Expansion of a football stadium to add 21000 seats including dozens of luxury boxes 270 days to complete with $10,000/day penalty for running late. Questions Develop a network drawing for Hill Construction and determine critical path. How long is the project expected to take What is the probability of finishing in 270 da

Profit by Increasing Overall Sales

The president of a company realized the company can increase my sales by 15% and in the upcoming year make over $35, 000,000.00 in sales overall. Previous sales slipped 4% the previous year and had to pay a fine of $4.4 million to the Federal Government. Given this information how much did the company make in the previous year?

Compute revised reorder point for the product.

A company is studying the inventory stocking policy for a product (#A123). The company uses a fixed-order quantity system to manage inventory. Demand per day is normally distributed with a demand per day of 210 and a standard deviation of 5 per day. Based on historical lead time of 4 days the current reorder point is set at 85

Analyze an article on Private Business Competition from a professional journal

Professional Development Choose an article on Private Business Competition from a professional, economic, or management journal published in the last ten years such as The Freeman: Ideas On Liberty, The Economist, Forbes, The Cato Journal, Harvard Business Review, or Sloan Management Review. Provide an article review that:

Acid test for Paisano Seafood Inc.

The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below: Current Assets Cash - $60 Accounts receivable (net) - 170 Notes receivable - 50 Inventories - 200 Prepaid expenses - 25 Total current a

Use the graphical sensitivity analysis to determine the range of values of the probability of state of nature s1 over which each of the decision alternatives has its largest expected value. Explain decisions you would make and in which range. State of Nature Decision s1 s2 d1 8 10 d2 4 16 d3 10 0 16 12 8 4 16 12 8 4 p = 0 p = 1 d2 d1 d3 .6 .8333

Use the graphical sensitivity analysis to determine the range of values of the probability of state of nature s1 over which each of the decision alternatives has its largest expected value. Explain decisions you would make and in which range. State of Nature Decision s1 s2 d1 8 10 d2 4 16 d3 10 0 16 12 8 4 16

Twin Oaks Bond rates

Twin Oaks Health Center has a bond issue outstanding with a coupon rate of 7% 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% required rate of return. b) Supposing Twin

Simulate 10 weeks of operation

Problem: The appliance center sells and services several brands of major appliances. Past sales for a particular model of refrigerator have resulted in the following distribution for demand: Demand / week Probability 0 .2 1 .4 2

OPERATION MANAGEMENT

A retired auto mechanic hopes to open a rustproofing shop. Customers would be local new-car dealers. Two locations are being considered, one in the center of the city and one on the outskirts. The central city location would involve fixed monthly costs of $7,000 and labor, materials, and transportation costs of $30 per car. The

Stock Price of Shares

Majestic Homes stock traditionally provides an 8% rate of return. The company just paid a $2 a year dividend which is expected to increase by 5% per year. If you are planning on buying 1,000 shares of this stock next year, how much should you expect to pay per share if the market rate of return for this type of security is 9% at

Decision Tree Help: Profit and Probability

James Middleton is considering the potential for success in a side business by opening a bicycle store in a local mall complex. The proposed store would cater to a growing trend in cycling with bicycle sales, parts and add-on equipment sales, rentals, and service and repair. Two spaces, one large and one small, with ideal locati

Research methods: Following the criteria of what makes a good hypothesis, construct a hypothesis for these questions. Make sure that you explain why your hypothesis meets the criteria.

A researcher posted three research questions. Research Question 1: Did topics of the visual coverage of the Iraq War differ between The New York Times and The Guardian newspapers? Research Question 2: Did the visual coverage of the human toll and destruction during the Iraq War differ between The New York Times and The Guardian

Probability of a Dividend Payment

The expected EBIT of Krupa Co next year is $20 million with standard deviation of $4 million. The tax rate of Krupa is 30% and it has 10 million shares of common, stock. Krupa has to pay $8 million in interest and $5 million in a sinking fund. What is the probability that Krupa will be able to pay a dividend of $1 per share

Compute the current price of stock.

Please look at the attached file. Consider a security with stock prices: 60 with probability one eighth i.e 1/8 70 with probability two eights i.e. 2/8 S(1) = 80 with probability three eights i.e. 3/8 100 with probability two eights i.e. 2/8 T = 0 is current period T = 1 after 1 year E(S(1)) should be expected

Probability of being under budget and within schedule

You are deciding whether or not you want to manage a new project for your company. Since you are very ambitious, you want to decide whether this is in your best interest. You know that to be successful as a PM, your project must come in within the approved budget and be completed within the approved schedule. You do some researc

Interest Income on a Zero Coupon Bond

You buy a zero coupon bond at the beginning of the year that has a face value of $1,000, a YTM of 7%, and 25 years to maturity. If you hold the bond for the entire year, how much in interest income will you have to declare on your tax return?

Analyze, Discuss and Justify Whether Stock is a Good Buy

Discussion of key statistics provided by sources like yahoo finance. Also, recommendation regarding the future of this corporation. Is the stock a good buy, average buy or poor buy. Include justification based on your analysis. http://finance.yahoo.com/q/ks?s=SBUX+Key+Statistics.

Use of sampling, mean differences; respect for IT people; STOH

1. Consider your example, "For instance, if we want to compare student grades of public universities to private universities, we would look at independent grade samples of public universities and private universities - yes, or we could create dependent grade samples from the public versus the private university. It is not t

Calculate Great Expectations' after-tax WACC.

1. Great Expectations, a wedding and maternity clothing manufacturer, has a cost of equity of 16% and a cost of preferred stock of 14%. Its before-tax cost of debt is 12%, and its marginal tax rate is 40%. Assume that he most recent balance sheet shown here reflects the optimal capital structure. Calculate Great Expectations'

Statistics: Sample Size, Surveys and Interviews

1. a - What determines an appropriate population? b- What determines adequate sample size? c- Please interpret: "....the study not be 'too big', where an effect of little scientific importance is nevertheless statistically detectable." And explain. 2. Consider we have a survey. What if we have non-response to particular