Problem Set #2 Ec 370 Summer‚ 2013 Michigan State University M. Naretta 1. Another popular sport on SASN is One-out‚ Two-base baseball. In this sport there are‚ obviously‚ two bases: home and 2nd. The batter hits the ball and runs to 2nd. If he or she (it’s a co-ed sport) gets a hit‚ then the batter is on second. If it’s an out‚ then the inning is over and the other team gets to bat. Suppose that it’s a hit. Then the next batter bats with a runner on 2nd base. If that
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A-3 (Coverage ratio) The firm in the two preceding problems also had $6 million of principal repayments during the latest 12 months. Its marginal tax rate is 40%. Calculate the debt service coverage ratio. Debt-Service Coverage Ratio = (EBIT + 1/3 Rentals) / (Interest Expense + 1/3 Rentals + Principal Repayments / (1 - T)) = ($30 + $15 / 3) / ($10 + $15 / 3 + $6 / (1 - 0.40)) = 1.40 A-4 (WACC with rebalancing) Nathan’s Catering is a gourmet catering service located in Southampton‚ New York
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either in management or in supervision? P (D U A) = P (D) + P (A) = 0.165+ 0.099 = 0.264 4. What is the probability that the first person selected is a supervisor and in management? P (A n D) = P (A) P (D) = 0.099*0.165 = 0.016 Exercise 3 A company set up a kiosk in the Mall of America for several hours and asked randomly selected people which color cell phone was their favorite. The results follow: White 10 Black 15 Lime 35 Orange 10 Red 30 1. What is the probability that a person would
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CHAIRS TO TABLE MIN 4x2:x1 -4x1+x2≤0 CHAIRS TO TABLE MAX 6x2:x1 -6x1+x2≥ 0 PRODUCTION HOURS X1 + .6x2 ≤375 Given X1 ‚ x2 ≥ 0 See SELF QUIZ 1 for more info Step 1 – Define Decision Variables Step 2 – Overall objective Maximized or Minimized Step 3 – Set of Constraints Figure 1 - SAMPLE Another Example from HW/Quiz Golden Electronics manufactures several products‚ including 45-inch GE45 and 60-inch GE60 television. It makes a profit of $50 on each GE45 and $75 on each GE60 television produced.
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One: (10 points) Tom leases a farmer’s field and grows pineapples. Tom hires students to pick and pack the pineapples. The following table sets out Tom’s total product schedule. Labor (students) Total Products (pineapples/per day) 0 0 1 100 2 220 3 300 4 360 5 400 6 420 7 430 1. Calculate the marginal product of the third student; 2. Calculate the average product of three students; 3. Over what numbers of students does marginal product increase? 4. When marginal
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Quantitative Analysis of Soda Ash by Double Indicator Method Results and Discussion The experiment focuses in the use of double indicator titration in quantitative analysis of soda ash sample. Titration refers to the process of measuring the volume of titrant required to reach the equivalnece point. This method of analysis‚ is based on the chemical reaction aA + bB → products (1) where a is the molecules of the unknown substances to be analyzed or the analyte. Analyte reacts with b molecules
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Final Assignment Take-Home Exam – Example Solutions QUANTITATIVE ANALYSIS AND BUSINESS DECISION MAKING Question 1 – 5 Points Leila took a standardized test and was told that her score was in the 89th percentile. Explain clearly and in only one sentence what this means. Notes: Percentiles are a way of describing the position of a particular score within a set of scores As per the question‚ I was looking for one simple sentence to explain the meaning of the statement Ideal Answer: If Leila’s
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Introduction The study of Research Methods has become both a more important and significant part of sport in recent years and there has been a rapid growth in interest in the theoretical side of Sport and Exercise. In this assignment I will be talking about the key issues in Research Methods for Sport and Exercise Sciences and focusing on two aspects in particular – Qualitative and Quantitative research. I will be giving examples and opinions of these methods and pointing out advantages and disadvantages
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9.2) A company is using a carrier to deliver goods to a major customer. The annual demand is $2‚500‚000‚ and the average transit time is 10 days. Another carrier promises to deliver in 7 days. What is the reduction in transit inventory? I = tA=(10 – 7 ) 2‚500‚000=$7‚500‚000=$20‚547.90 365365 365 9.4) A florist carries an average inventory of $12‚000 in cut flowers. The flowers require special storage and are highly perishable. The florist’s estimates capital costs at 10%‚ storage
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OPIM Assignment 4 1. Cu = 24-11 = $13 Co = 11-7 = $4 Critical ratio = 13/(13+4) = 0.7647 μ = 30‚000 σ = 10‚000 Using normal distribution function (=norminv(0.7647‚30000‚10000))‚ the optimum order quantity is 37‚216 jerseys to maximize profit. 2. Quantity = 32‚000 First‚ we normalize the order quantity to find the z-statistic z=Q-μσ=32‚000-25‚00010‚000=0.7 We then look up the standard normal loss function. The expected lost sale is given by. Lz=0.1429 Therefore‚ the expected lost
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