1.(1) The claim by a weight loss Company is that on average, the client will lose 10 pounds over
...
first 2 weeks. 50 people who joined the programme are sampled, their weight loss is 9 pounds with a standard deviation of 2.8 pounds. Can we conclude at the .05 level that a person joining the programme will lose less than 10 pounds?
(2) The following is a random sample of 90-day futures prices in dollars for 1 troy oz. of silver from The Wall Street Journal issues in May and June of 1997: 4.74, 4.77, 4.87, 4.91, 4.83, 4.72, 4.92, 4.86, 4.97, 4.71, 4.90, 4.93, 4.75, 4.88, 4.79, 4.83, 4.89.
Required:
a. Calculate the mean
b. Median
c. Standard deviation of the 90-day future price of silver data
(3) A mining company needs to estimate the average amount of copper ore per ton mined. A random sample of 50 tons gives a sample mean of 146,75 pounds. The population standard deviation is assumed to be 35.2 pounds.
Required:
a. Give a 95% confidence interval for the average amount of copper in the population of tons mined.
b. Give a 90% confidence interval for the average amount of coper per ton
c. Give a 99% confidence interval for the average amount of coper per ton
(4) An e-commerce Website gets 2,385 visitors on a particular day. Among these, 1790 visitors explore the products by looking at more pages at the site. Among these 1790 visitors who explore the products, 387 make a purchase.
Required:
a. If a visitor chosen at random from all those who visited the site, what is the probability that the visitor explored the products
b. If a visitor is chosen at random from all those who visited the site, what is the probability that the visitor made a purchase.
c. If a visitor is chosen at random from all those who explored the products, what is the probability that the visitor made a purchase.
d. Which of the preceding three probabilities is relevant to the design of the home page that leads to product page.
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4.Hello guys, I confess that I absolutely suck at math. Unfortunately my boss handed me what is basically a math
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lly a math problem I gotta solve, and I have no idea how to do it cause of lack of my math skills. I am hoping someone can help me with this or I'm screwed.
Co basically I've got this table in excel, where X (row) is a width and Y is a height (column) of a wooden sauna cabin, the X;Y is the price for a sauna with said dimensions. I need to find a relationship between the size of the sauna and the price And formulate ani equation. I can't seem to find it, the price seems to grow non linearly, I can't seem to find any coeficient. Again, I suck at math, maybe solution is simple, but I just don't see it. Can anyone help me please?
Table Is at this link https://ibb.co/fGrxSvf . Thanks for any help!
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5.At a price of $1.04 per roll, the supply of toilet paper in a large town is 25,000 rolls, and
...
mand is 18,200 rolls. When the demand increases to 26,200 rolls, the supply is 20,000 and the price is $1.24 per roll. Let x be the quantity in thousands of rolls. The table below gives the price-supply and price-demand equations.
Price Equations for Toilet Paper
Type Equation
Price-Supply P = -0.04x + 2.04
Price-Demand P = 0.025x + 1.495
QUESTION 1
Find the supply at a price of $2 per roll.
1000 rolls
10,000 rolls
1 roll
5000 rolls
QUESTION 2
Find the demand at a price of $2 per roll.
20.2 rolls
202 rolls
20,200 rolls
500 rolls
QUESTION 3
Use the substitution method to find the equilibrium quantity. Round x to the nearest tenth first and then convert to thousands. Include the units in your answer.
QUESTION 4
What is the equilibrium price? Write the answer in dollars and cents, rounding to the nearest cent.
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6.1. A leg of lamb cost $14.88 per kilogram before cooking and the percentage of yield is 83% what is
...
the cost per kilogram of the edible of the lamb
Answer with 2 decimal place
2. A beef tenderloin costs $34.17 per kilogram before trimming and the percentage of yield is 80%. What is the cost per kilogram of the usable portion of the beef tenderloin?
(Answer with 2 decimal places)
3. The cost of a portion of roast sirloin of beef with potatoes and vegetables is $4.70. If we desire a 41% food cost, what should the menu price be? Round your answer to the nearest penny.
(Answer with 2 decimal places)
4. The cost of a portion of grilled halibut with boiled potatoes & vegetables is $4.69. If we desire a 27% food cost, what should the menu price be? Round your answer to the nearest penny.
(Answer with 2 decimal places)
5. The cost of a caesar salad is $2.38. If we desire a 31% food cost, what should the menu price be? Round your answer to the nearest penny.
(Answer with 2 decimal places)
6. The cost of a pulled pork sandwich with coleslaw and fries is $3.14. If we desire a 37% food cost, what should the menu price be? Round your answer to the nearest penny.
(Answer with 2 decimal places)
7. The cost of a portion of deep fried chicken with corn fritters and fries is $4.55. If we set a menu price of $15.75, what would the food cost percentage be?
(Answer with 2 decimal places)
8. The cost of a veal piccata complete with penne pomodoro & vegetables is $6.03. If we set a menu price of $18.50, what would the food cost percentage be?
(Answer with 2 decimal places)
9. The cost of a portion of beef goulash complete with spaetzle and vegetables is $5.82. If we set a menu price of $15.50, what would the food cost percentage be?
(Answer with 2 decimal places)
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9.The unit price of market goods is $1. Each person has 8 hours to work each day.
Another couple, Sylvan and
...
van and Alex, have the same productivities: Sylvan is identical to Rajan, while Alex
and Esther are identical.
Esther and Rajan both engage in market work. Sylvan works full time at home, so only Alex works in the
market.
a) Given this information, which couple has the higher opportunity cost of home produced goods?
Explain how you determined this. You can add a diagram if that helps, but you are not required
to include one.
b) Can you determine which couple has the higher utility? Explain why or why not.
Suppose now that value of market production for both Alex and Esther increased to $12/per hour.
c) Explain the change in the household joint production possibility frontier generated by this
change.
d) Explain what would happen to each couple’s choice of both household and market produced
goods, using an analysis by means of income and substitution effects.
e) What changes in time allocation for each couple that would be necessary to produce and
consume this new bundle? Briefly explain your reasoning.
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11.You make very good pizzas, so you decide to sell your pizzas on campus. Since the set up for making
...
pizza is already available to you, the only cost involved is that of making the pizza, which you calculate to be $ 5 per pizza.
a. What is the cost function?
If 10 pizzas are available in a day, the market offers a price of $ 11 per pizza. If 50 pizzas are available in a day, the market offers a price of $ 7 per pizza.
b. Assuming a linear relationship between price and quantity, find the price that the market offers as a function of the number of pizzas available. You start selling the pizzas.
c. What is revenue as a function of the quantity you sell? What is the profit function?
d. What quantity will maximize your profit? Call it q ∗ 1. What is the maximum profit?
e. If somebody is already supplying 5 pizzas every day, What is the maximum profit that you can make?
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12.Suppose that Wegboys has a supermarket with a downward sloping demand curve in Pilgrim City. It purchases frozen turkeys
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chases frozen turkeys at a constant wholesale price of $1/turkey, which is its full marginal cost for supplying turkeys. During July, only a small number of wealthy people are interested in buying turkeys in Pilgrim. Their demand curve is P = 10 – .02 Q, where P is Wegboys’ retail price for turkeys during the month and Q is the quantity of turkeys purchased. The demand curve for these wealthy people is constant – it is the same curve in both November and July. During November, a large number of less wealthy people enter the market to purchase turkeys for Thanksgiving. Their demand curve for Wegboys’ turkeys is
P = 4 – .0005Q. In other months of the year, they do not purchase turkeys at any price.
a. (5 points) What price should Wegboys charge in July to maximize its profits? Calculate its profits from turkey sales.
b. (5 points) Demonstrate that Wegboys can earn a higher profit if it lowers its retail price for turkeys during November (you can do this without finding the optimal price). Explain the basic economic intuition.
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13.1) Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers paid another 6.2%.
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ers paid another 6.2%. How much will someone earning $34,000 a year pay towards social security out of their gross wages?
2) The population of a town increased from 3350 in 2005 to 4800 in 2010. Find the absolute and relative (percent) increase.
3)A company's sales in Seattle were $400,000 in 2012, while their sales in Portland were $295,000 for the same year. Complete the following statements:
a. Seattle's sales were
% larger than Portland's.
b. Portland sales were
% smaller than Seattle's.
c. Portland sales were
% of Seattle's.
4) A store has clearance items that have been marked down by 55%. They are having a sale, advertising an additional 30% off clearance items. What percent of the original price do you end up paying?
5) A friend has a 83% average before the final exam for a course. That score includes everything but the final, which counts for 15% of the course grade.
What is the best course grade your friend can earn?
%
What is the minimum score your friend would need on the final to earn a 75% for the course?
%
Give answers accurate to at least one decimal place.
6) A car is driving at 50 kilometers per hour. How far, in meters, does it travel in 3 seconds?
meters
Give your answer to the nearest meter.
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16.Hello I have two problems to solve the subject is Quantitative Methods for Decision-Making
Problem 2
After graduating from AUD, Salman plans
...
m 2
After graduating from AUD, Salman plans to start a book publishing company in the Media City. He did some research and found that the printer will cost Dh 230,000. He estimated that the variable cost per book is Dh 170 and the selling price is Dh 390.
a. How many books must he sell to break even? Also calculate the breakeven in dirham.
b. In addition to the costs given above, if he wants to pay himself a salary of Dh 15,400 per year, what is her breakeven point in units and dirham?
c. In the first three months of his business, he sold 400 books. Suddenly the printer breaks down. He spent Dh 25000 to fix the printer. In addition to 400 books sold, how many more books she should sell to breakeven? Assume that this part of the question is independent, and she does not draw any salary.
Problem 8
A furniture store makes tables and chairs from plywood and glass. The store has 30 units of plywood, 24 units of glass. Each table requires 7 units of plywood three units of glass, whereas each chair requires three units of plywood and two units of glass. The demand for chairs is between 2 and 4. The ratio between the table and chair is at least 1 to 2. A table earns $225 in profit and a chair, $145. The store also wants a minimum profit of $5000. The store wants to determine the number of tables and chairs to make in order to maximize profit. Formulate a linear programming model for this problem
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17.The supply for a particular item is given by the function
S
(
x
)
=
15
+
7
x
. Find the producer's surplus if the equilibrium
...
producer's surplus if the equilibrium price of a unit
$
99
.A retailer anticipates selling
7600
units of its product at a uniform rate over the next year. Each time the retailer places an order for
x
units, it is charged a flat fee of
$
100
. Carrying costs are
$
38
per unit per year. How many times should the retailer reorder each year and what should be the lot size to minimize inventory costs? What is the minimum inventory cost?
For a particular commodity, the demand function is
q
=
1
4
(
400
−
p
2
)
.
a
.
Find
ε
when
p
=
8
.A hotel rents
240
rooms at a rate of
$
60
per day. For each
$
1
increase in the rate, three fewer rooms are rented. Find the room rate that maximizes daily revenue.
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20.Question: We are selling a monthly service to a customer at $100. The deal margin at a selling price of
...
of $100 equals 20% . Included in the 20% margin is sales commission which equals 10% of the $100 , which is $10. If I decrease the commission to only 3% , $3 instead of the 10%, $10 , what will my new deal margin be?
After we cut the commission on the deal , we are also going to reduce our price to the customer by 6% . What does the 6% represent in terms of overall dollars on the $100 service and what would the deal commission be after this additional change to the financial structure of the deal?
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21.1. Paul wonders what it would be like to own a house of his own within five years. He now rents
...
o-bedroom apartment with a friend. He pays half the $740 monthly rent. A two-bedroom bungalow on his street is for sale with an asking price of $107 900 and has annual property taxes of approximately $2800.
a) a. As a first time homebuyer, Paul would need a 5% downpayment. Calculate this amount.
b) How much would Paul need to save each month to have the down payment saved is 5 years? Is this amount and the time period reasonable? Explain.
c. Use a TVM Solver to determine the monthly mortgage payment for this house, less the down payment. Assume the interest rate is 6% per year and the mortgage is amortized over 25 years.
d) Calculate the monthly payment to the bank for the mortgage plus the monthly portion of the property taxes.
e) e. Bills from the current owners show that electricity averages $180 every two months, natural gas averages $115 per month, and water averages $260 every four months. Calculate the average monthly utility expenses for the house.
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26.4. Outdoor World buys plastic pools from a supplier with an invoice amount of $36,465. The terms of sale are
...
sale are 5/10, n/30. If the
retailer sends a partial payment $8,700 on the discount date.
a. How much credit is taken off the bill due to the partial payment?
b. What is the net amount still due?
5. Jen’s Pottery Shop orders china from a supplier for $240 including $30 freight charges. The terms of sale are 3/10, n/30
ROG. The china arrives on 11/21 and Jen wants to take advantage of the cash discount.
a. As bookkeeper for Jen’s, how much will you send the supplier?
6. A small business receives an invoice for merchandise on August 5. The terms of sale are 2/20, n/30. If the manager elects to take the cash discount, what is the discount date?
7. Price Company received an invoice in the amount of $3,800 dated May 24 for merchandise they purchased. The terms of sale
are 3/15, 2/30, n/45. The Company plans to pay the invoice on June 20th?
a. What is the percentage the company will save by sending it on this date?
8. Luggage World buys briefcases with an invoice date of April 28. The terms of sale are 2/10 EOM. What is the discount date?
9. Chuck’s Chops, an upscale steak house, received an invoice for 800 pounds of baking potatoes with a cost of $.85 per pound.
The terms are 2 ½ /10, n/30. Chuck was unable to pay the bill in full within the discount period but was able to remit a partial
payment of $575.00 within the discount period. How much credit did Chuck receive for his partial payment?
10. A toy store buys stuffed animals with a list price of $17,000. If the wholesaler offers trade discounts of 32/27/15,
a. Find the trade discount amount of the stuffed animals?
11. The invoice on an invoice was February 11th with terms of sale 2/10, 60 Extra.
a. What is the discount date?
b. What is the net date?
12. Stan ordered merchandise on October 26th, the terms of sale for his item was 2/10, ROG. If his item was received on
November 27th?
a. What is the discount date?
b. What is the net date?
13. Josie ordered an item on June 27th with terms of sale 3/15, EOM.
a. What is the discount date?
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27.I need a tutor to help me with ACCOUNTING homework in the attached
IMG 8462 in reference with this Activity
...
Activity A2-4 is on page 78 of your textbook. It asks you to go to finance.yahoo.com and enter the ticker symbol for Apple Corporation stock (AAPL). A page will open up which contains information on Apple, including interactive charts which allow you to see the movements in Apple's stock price over a selected period of time. Also included are Apple's most recent financial statements. Find the most recent financial statement information (not the 2008 information that is contained in the solution posted on the Blackboard site). Activity A2-4 then asks 10 questions about information that is contained in the financial statements. For example, question #7 asks what the annual dividend is on Apple stock. Take turns finding the answers to these questions until all 10 questions have been answered. Then think about whether you would invest money in Apple stock right now. Do you think it is over or under-priced? Why?
and the other ones : IMG 8140 to 8143
Thank you
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28.Ken and Terry’s buys Swiss chocolate directly from Switzerland for the chocolate chunks in all their ice cream. At
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ir ice cream. At the current exchange rate of .989 USD to 1 Swiss franc (CHF), the cost of chocolate in francs of ₣40,317,492 comes to $39,874,000. Variations in the exchange rate will affect Ken and Terry’s earnings before tax.
a. Assume no hedge is undertaken and exchange rates may take the values of .969, .989. 1.009, and 1.029. What will be the impact on Ken and Terry’s earnings before tax with each exchange rate? (6 points)
b. You suggest a call option with a strike price of .989 and a call premium of 2.35%. Show how this will affect Ken and Terry’s cash flows. (6 points)
c. Another option is to enter into a forward contract at a forward offer rate of .999. How will this affect Ken and Terry’s cash flows? (5 points)
d. Do you recommend the call option or the forward contract? Explain. (3 points)
4. Ken and Terry’s would like to undertake a corporate value-at-risk calculation based on two risk factors of cream and chocolate. They estimate the following “returns” on these inputs by the mark-up on their finished product relative to input prices. Cream is more prevalent than chocolate; it makes up 80% of the mark-up while chocolate makes up 20%. Other data they have gathered is as follows:
Cream: expected return = 30%
variance of return = .10
Chocolate: expected return = 20%
variance of return = .06
covariance of cream and chocolate = .04
What is the largest decrease in return that Ken and Terry can expect with 99% confidence?
(10 points)
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29.Spending on health care now constitutes a significant fraction of total expenditure. Understanding the efficacy of this spending is therefore
...
he efficacy of this spending is therefore relatively important. When it comes to contagious diseases, there are generally two strategies that can be adopted. The first involves prevention, which includes vaccinations to lower or eliminate the risk of contracting a disease. The second involves treatment of those unfortunate enough to get sick, treatment typically requires some form of a drug. Since pharmaceutical companies can produce both vaccines and drugs, we would like to understand the incentives they have to develop each type of medicine. To explore this question, consider a population of 100 consumers, 90 of whom have a low disease risk, say 10%. The remaining ten have a high risk – to make things simple, assume they are certain to contract the disease. In addition, suppose the disease generates personal harm equal to the loss of $100 for each individual when they are infected. Suppose also that pharmaceuticals of either form (vaccines or drugs) are costless to produce (once R & D has occurred) and are perfectly effective
Question 2. What price would a profit maximising monopolist charge for a vaccine? What are the monopoly profits on the vaccine? What is the efficient outcome (i.e. SMB = SMC)? What is the welfare under the monopoly and at the efficient allocation?
Question 3.Now consider the demand for the drug (assume that the vaccine is not available). Construct the demand function for the drug and plot it on a diagram. What price would a profit maximising monopolist charge for the drug? What are the monopoly profits from the drug? What is the efficient outcome? What is the welfare under the monopoly and at the efficient allocation?
Question 4. If the R&D costs of the vaccine and drug are the same, what will the pharmaceutical company do? Explain your answer in terms of the variation in the willingness to pay and the size of the R& D costs. What would a social planner do?
Question 5. What are the R&D cost for the vaccine and the R&D cost for the vaccine drug that would make a pharmaceutical company indifferent between developing the vaccine and the drug? Is the social planner indifferent in this case? Explain any difference.
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30.I have this problem need to be slove.
1. Draw a supply and demand diagram representing the market for T-bone
...
for T-bone steaks (a relatively good cut of meat). Indicate the equilibrium price, quantity, consumer surplus, producer surplus and total expenditure. Is the equilibrium quantity efficient?
2. Show the effect on the market for T-bone steaks that you would expect if incomes increase. Show the change in price and quantity. What type of good do you think T-bone steaks are?
3. Show the effect on the market for T-bone steaks that you would expect if the price of baby-back ribs decreases. Show the change in price and quantity. What do you think the relationship is between steak and ribs?
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