Joe is going to invest $250,000 in the development of new products. The new products have the following expected costs, yields, and degrees of risk. Expected Expected Expected Product Cost Yield Risk A $100,000 0.20 8 B $50,000 0.10 4 C $50,000 0.15 10 D $150,000 0.10 0
Three quarries produce lime which is then shipped to five warehouses Quarry Tons Lime 1 200 2 100 3 150 Transport Costs (per ton) Quarry 1 2 3 4 5 1 $5 $1 $6 $3 $1 2 $2 $3 $4 $5 $4 3 $4 $2 $3 $2 $3 Demand 80 90 100 70 60 (tons)
Joe has started an iphone booth in the mall. His francise booth and other startup costs total $82,000. Joe expects to pay $240 per iphone unit and sell them for $390 each. Joe needs to reach a 10% profit margin. Use Goal Seek to determine what volume Joe needs to meet his goal.
State University has planned six special catered events for the Saturday of its homecoming football game. The events include an alumni brunch, a parent's brunch, a booster club luncheon, a postgame party for season ticket holders, a lettermen's dinner, and a fund-raising dinner for major contributors. The university wants to us
Bayville has built a new elementary school, increasing the town's total to four schools- Addision, Beeks, Canfield, and Daley. Each has a capacity of 400 students. The school board wants to assign children to schools so that their travel time by bus is as short as possible. The school board has partitioned the town into five dis
A manufacturing firm produces diesel engines in four cities- Phoenix, Seattle, St. Louis, and Detroit. The company is able to produce the following numbers of engines per month. Plant Production 1. Phoenix 5 2. Seattle
Steel mills in three cities produce the following amounts of steel. Location Weekly Production A. Bethlehem 150 B. Birmingham 210 C. Gary 320 = 680 These
1. For this question pretend you are drawing cards without replacement from the infamous "Iraq's Most Wanted" deck issued by the U.S. Military. If you are drawing from the full deck of 55 cards, what are the following probabilities: a. You draw a card that is not Saddam Hussein b. You draw two cards, which end up being Sadd
I) PRLICAN STORES Pelican Stores, a division of National Clothing, is a chain of women's apparel stores operating throughout the country. The chain recently ran a promotionin which discount coupons were sent to customers of other National Clothing stores. Data collected for a sample of 100 in-store credit card transactions at P
Lauren Moore has sold her business for $500,000 and wants to invest in condominium units ( which she intends to rent) and land ( which she will lease to a farmer). She estimates that she will receive an annual return of $8,000 for each condominium and $6,000 for each acre of land. A condominium unit costs $70,000, and land is $3
1. Based on the display, the mode (or modes) for this distribution of values is ??? 1 000 1 5688999 2 1112244 2 57 3 134 3 68 4 2 4 7 5 1 5 5 6 6 7 7 2. The following shows the 5 - number summary for the box-and-whisker plot. Box-and-whisker plot Five-number Summary Minimum
Because they are so easy to correct, multiple choice questions are commonly used for class test, SAT test, MCAT test for medical schools and many other circumstances. The table listed describes the probability distribution for the number of correct responses when someone makes random guesses for 10 multiple choice questions on
The Pyrotec Company produces three electrical products- clocks, radios, and toasters. These products have the following resource requirements. Resource Requirements Cost / Unit Labor Hours/ Unit Clock
Height of 50 oak trees were measured, but due to problems only partial results were obtained. it was found that 6 trees had a height of less than 9 metres, while 18 trees had a height of less than 15 metres. calculate mean and standard deviation of the heights of oak trees.
The shop wishes to hire new machinists. Three grades are available: Expert Journeyman Apprentice Experience 10 yr 6 yr 1 yr Productivity 20 piece/day 16 piece/day 12 piece/day Salary
Iggy Olweski, a professional football player, is retiring, and he is thinking about going into the insurance business. he plans to sell three types of policies - homeowner's insurance, auto insurance, and life insurance. The average amount of profit returned per year by each type of insurance policy is as follows. Policy
1.The relationship among the mean, median, mode in symmetric distribution is... In mean, median, mode and standard deviation which measures of central tendency are not affected by extremely low or extremely high values. In a simple linear regression problem, r and b1 (have opposite signs/must have same signs/must have oppos
Lowe's manufactures glass doors, windows, patio doors, and wood doors Each of these uses 5 square feet, 1 sq.. Ft, 9 sq ft, and 12 sq ft of wood respectively Each uses 2, 3, 4, and 1 sq ft respectively of glass Each takes 3, 2, 5, and 10 man-hours respectively to build Each week there are 1500 sq ft of wood, 1000 sq ft of g
The following linear programming model formulation is used for the production of four different products, with two different manufacturing processes and two different material requirements. maximize Z = $50 X1 + 58 X2 + 46 X3 + 62 X4 subject to ***NOTICE- The x's have no. behind them that are lowered right cased numbers.
Solve the model formulated in problem 11 for the Irwin Textile Mills graphically. a. How much extra cotton and processing time are left over at the optimal solution? Is the demand for corduroy met? ( Use SOLVER to solve) b. What is the effect on the optimal solution if the profit per yard of denim is increased from $2.2
The Crumb and Custard Bakery makes coffee cakes and Danish in large pans. The main ingredients are flour and sugar. There are 25 pounds of flour and 16 pounds of sugar available and the demand for coffee cakes is 5. Five pounds of flour and 2 pounds of sugar are required to make a pan of coffee cake, and 5 pounds of flour and
12. Betty Mallow, owner of the Eagle Tavern in Pittsburgh, is preparing for Super Bowl Sunday, and she must determine how much beer to stock. Betty stocks three brands of beer- yodel, shotz, and rainwater. The cost per gallon (to the tavern owner) of each brand is as follows: Brand Cost/Gallon Yodel $1.50 Shotz $0.90 Rainwat
Problem 1. Confidence Intervals: t tests. Digitized Documents, Inc., is a small but rapidly growing firm in the digitized document translation business. The company reads architectural and engineering drawings into a scanning device that translates graphic information into a digitalized format that can be manipulated on a person
Given the following table of events Good Poor Total A 63 27 90 Not A 32 78 110 Total 95 105 200 P(N) = ? P(P & N) =? P(P|N) =?
Compare J&J and Merck stock to determine which stock will provide the investor with the best return for their money. Stock data was collected for 30 days between November 30th, 2006 and January 10th, 2007. The measures of central tendency and dispersion of the collected data will be determined and examined to complete the analys
See attached files for full problem description. 1.Consider a sample with data values of 10, 20, 12, 17, and 16. Compute the mean and median. 5. The Dow Jones Travel Index reported what business travelers pay for hotel rooms per night in major US cities (The Wall Street Journal, January 16, 2004). The hotel room rates for
Decide which of the four levels of measurement (nominal, ordinal, interval, ratio) is most appropriate for the following examples: 1. the sample of spheres categorized form softest to hardest 2. survey responses of "good, better, best" 3. ages of survey respondents 4. the temperatures of eight different plastic spheres
Toby's Trucking Company determined that on an annual basis the is normally distributed with a mean of 50.0 thousand miles and a standard deviation of 12.0 thousand miles. a. What proportion of trucks can be expected to travel between 34.0 and 50.0 thousand miles in the year? b. What is the probability that a randomly sel
A machine shop owner is attempting to decide whether to purchase a new drill press, a lathe, or a grinder. The return from each will be determined by whether the company succeeds in getting a government military contract. The profit or loss from each purchase and the probabilities associated with each contract outcome are shown
Solve the problem mathematically and solve x using Goal Seek (x/3.7) + x+ 2.1