Joan wants to buy a rug for a room that is 13 feet by 16 feet....

Joan wants to buy a rug for a room that is 13 feet by 16 feet. She wants to leave a uniform strip of floor around the rug. She can afford 130 square feet of carpeting. What dimensions should the rug have? Let x represent the width of the uniform strip of floor around the rug. Set up an equation that can be used to solve for x.

Expert Solution

milcah answered 2 years ago

Joan moves into her new apartment and wants to purchase a new couch. She wants to...

Joan moves into her new apartment and wants to purchase a new couch. She wants to determine if the average cost of couches at Store 1 is cheaper than Store 2. At Store 1 the average cost of 20 couches is $650 with a standard deviation of $61. At Store 2 the average cost of 22 couches is $730 with a standard deviation of $78. At alpha = .05, what are the results if you want to determine that Store...

16. Determine the gross room rate if the Gross Room Rate increases by 15% in year...

16. Determine the gross room rate if the Gross Room Rate increases by 15% in year 2 (round to two decimal points). YEAR 1 YEAR 2 Gross Room Rate $245.00 $ ___ Direct Costs (35% of GRR) $85.75 Net Room Rate $159.25 Expenses (Fixed) $60.00 Net Profit $99.25 Profit Margin 40.51% 17 .Please refer to the table in question 16, calculate the direct costs in year 2 if the Gross Room Rate increases by 15% (round to two decimal points)....

Use the following information to answer items 16 - 20. Joan has just moved into a...

Use the following information to answer items 16 - 20. Joan has just moved into a new apartment and wants to purchase a new couch. To determine if there is a difference between the average prices of couches at two different stores, she collects the following data. Test the hypothesis that there is no difference in the average price. Use α = 0.05. Use an independent z-test and the p-value method Store 1 Store 2 Sample Mean $650 $680 Population...

The living room floor at Ronald Coase’s house is common property. His daughter, Joan, really likes...

The living room floor at Ronald Coase’s house is common property. His daughter, Joan, really likes to drop clothing items on the living room floor; Ronald hates this form of littering. If Joan is left to do as she wishes, she will drop 10 items of clothing per week. The table below indicates Ronald’s total willingness-to-pay (WTP) to stop this littering (or, alternatively, his willingness-to-accept (WTA) to allow littering to go on). It also shows Joan’s total WTA to stop...

An architect wants to determine the relationship between the heights (in feet) of a building and...

An architect wants to determine the relationship between the heights (in feet) of a building and the number of stories in the building. The data for a sample of 10 buildings are shown. Stories (x) 64 54 40 31 45 38 42 41 37 40 Height (y) 841 725 635 616 615 582 535 520 511 485 Is there a significant linear correlation between the two variables ? Use α = .05 What would be the best predicted Height of...

A scientist wants to determine whether or not the height of cacti, in feet, in Africa...

A scientist wants to determine whether or not the height of cacti, in feet, in Africa is significantly higher than the height of Mexican cacti. He selects random samples from both regions and obtains the following data. Africa: Mean = 12.1 Sample size = 201 Mexico: Mean = 11.2 Sample size = 238 (a) Which of the following would be the correct hypothesis test procedure to determine if the height of cacti, in feet, in Africa is significantly higher than...

A farmer wants to fence in a rectangular pasture of 1.5 million square feet and then...

A farmer wants to fence in a rectangular pasture of 1.5 million square feet and then divide the pasture in half with a fence parallel to the sides of the rectangle. How can this be done in such a way as to minimize the amount of fencing required?

Joan borrowed $15,000.00 to buy a car. She repaid $4000.00 four months later and $6800.00 eight...

Joan borrowed $15,000.00 to buy a car. She repaid $4000.00 four months later and $6800.00 eight months later. After twelve months, she borrowed an additional $4800.00, and repaid $4400.00 after 19 months. She paid the entire balance, including the interest, after 24 months. Interest was 6% compounded monthly for the first year and 5.5% compounded monthly for the remaining time. What was the size of the final payment?

Joan borrowed $17 comma 000.00 to buy a car. She repaid $4100.00 four months later and...

Joan borrowed $17 comma 000.00 to buy a car. She repaid $4100.00 four months later and $7900.00 six months later. After twelve months, she borrowed an additional $6200.00, and repaid $5100.00 after 20 months. She paid the entire balance, including the interest, after 24 months. Interest was 9% compounded monthly for the first year and 9.6% compounded monthly for the remaining time. What was the size of the final payment?

Ed wants to buy a property for $320,000 and wants a CPM loan for 80%. A...

Ed wants to buy a property for $320,000 and wants a CPM loan for 80%. A lender indicates the loan can be obtained for 30 years at 5.5% with an origination loan fee of $1,200 and 2 points. If Ed repays the loan after five years, is the effective interest cost different from the APR? If so, why? The effective interest cost is the same as the APR. Although there was less time over which to spread the origination loan...

Question