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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Chapter 12 ********** 22‚ 32‚ 40 Evan Lee Turner #22 Random samples of five were selected from each of three populations. The sum of squares total was 100. The sum of squares due to the treatments was 40. a. Set up the null hypothesis and the alternate hypothesis. b. What is the decision rule? Use the .05 significance level. c. Complete the ANOVA table. What is the value of F? d. What is your decision regarding the null hypothesis?
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Macroeconomics assignment Danish Behal Right now we are witnessing a struggle between two camps that can be named the “stimulators” and the “austereians.” Both warn that a worldwide depression will occur if governments now make the wrong choices: the stimulators say the danger lies in spending too little and the austereians oppose on spending too much. Each side also has their own economic aspect austerity refers to reduced spending and increased saving in the financial sector by governments
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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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transitive 7.1.6) Which relations in Exercise 5 are partial orders? Which are equivalence relations? The relation in part “a” is a partial order. The relations in “c” and “f” are equivalence relations. 7.2.2) If R is a reflexive relation on a set A‚ prove that R² is also reflexive on A. Let x € A. R reflexive ===> (x‚ x) € R. (x‚ x) € R‚ (x‚ x) € R ===> (x‚ x) € R o R = R² 7.3.1) Draw the Hasse diagram for the poset (P(U)‚ ⊆)‚ where U = {1‚ 2‚ 3‚ 4} Please see attached. 7.3.6a) For A
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numbers We know that‚ the relation in sets defined by A~ B is an equivalence relation. Hence by fundamental theorem on equivalence relation‚ all sets are partitioned into disjoint classes of equivalent sets. Thus for any set A‚ equivalence class of A‚ [A] = { B | B ~ A } Result: - (1) [A] = [B] or [A] ∩ [B] = ∅ ‚ that is for any two sets‚ either they have same equivalence classes or totally disjoint equivalence classes. (2) = universal set. (3) If A ∈ [B] then A ~ B
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OPERATIONSAs we have introduced meaning of the terms set‚ subset‚ null set and universal set‚ we can learn how to build new sets using the sets we already know. The way we do it is called set operations.The set operations are: union‚ intersection‚ difference and complement. They are called Boolean operations.Let A and B be subsets of the universal set U. Then we can look at the set C U that contains all elements of set A and all elements of set B and nothing else. In other words‚ x C implies two statements:
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magic castle‚ a spaceship‚ a medieval marketplace‚ or just a dirty old city street. All of this is the work of a set designer. The work of a set designer adds to the story it is working with and makes the story believable. The job of set designers‚ if not stated clearly enough already‚ is to design and then create sets used in movies‚ plays and other performing arts. Designing these sets can be a easy as just picking out a couple pieces of furniture and putting up a backdrop for a play to creating
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