A fishing camp has 16 clients. Each cabin at the camp will
accommodate 5 fishermen.
(a)...
A fishing camp has 16 clients. Each cabin at the camp will
accommodate 5 fishermen.
(a) In how many different ways can the first cabin be filled with
clients?
(b) How many different ways can the 4th cabin be filled?
A fishing camp has 17 clients. Each cabin at the camp will accommodate 7 fishermen. In how many different ways can the first cabin be filled to capacity with clients? Answer =
An island has 2 reefs that are suitable for fishing and 20
fishermen. Each fisherman can fish on only one reef. The current
institution is that a fisherman gets to keep the average number of
fish caught from the reef on which he chose to fish. On reef 1 the
total number of fish caught is given by F1(R1) = 12R1 − (R1)2/2,
where R1 is the number of fishermen on reef 1. For reef 2 the
relationship is F2(R2)...
The existence of convection heat transfer has been long used by traditional fishermen for fishing purposes. For example, by utilizing land breeze, the fishermen will go to the sea at night, and conversely, by utilizing sea breeze they will come back during the day. How this natural heat transfer can be used by the fishermen? Next, explain the mechanism of the occurrence of the land breeze and the sea breeze and their relation to the convection heat transfer events in...
The village of Ubanga has two lakes and 20 fishermen. Each
fisherman can fish in either lake and keep his catch. On lake 1,
the total number of fish caught is given by F1=10L1-1/2L1 2 where
L1 is the number of people fishing on lake 1. For the other lake,
lake 2, the relationship is: F2=5L2
a) If each villager acts independently, how many fish do you
expect will be caught in total?
b) If the village chief were to...
Ontario Gateway Airlines’ first-class cabin has 10 seats in each
plane. Ontario’s overbooking policy is to sell up to 11 first class
tickets since cancellations and no-shows are always possible (and
indeed are quite likely).
For a given flight on Ontario Gateway, there were 11 first class
tickets sold. Suppose that each of the 11 persons who purchased
tickets has a 20% chance of not showing up for the flight and that
the likelihood of different persons showing up for...
Ontario Gateway Airlines’ first-class cabin has 10 seats in each
plane. Ontario’s overbooking policy is to sell up to 11 first class
tickets since cancellations and no-shows are always possible (and
indeed are quite likely).
For a given flight on Ontario Gateway, there were 11 first class
tickets sold. Suppose that each of the 11 persons who purchased
tickets has a 20% chance of not showing up for the flight and that
the likelihood of different persons showing up for...
Consider two lobster fishermen from Maine. Each has to decide,
independently, how many traps to set. Each can set either 5 or 15
traps. The more traps one fisherman sets, the higher the cost of
fishing for the other. Their earnings for each combination are in
the table below. The first number in parentheses is the payoff for
Fisherman A.
Fisherman B
15 Traps
5 Traps
Fisherman A
15 Traps
($6, $6)
($14, $3)
5 Traps
($3, $14)
($12, $12)...
(5) Suppose x has a distribution with μ = 20
and σ = 16.
(a) If a random sample of size n = 47 is drawn, find
μx, σx
and P(20 ≤ x ≤ 22). (Round
σx to two decimal places and the
probability to four decimal places.)
μx =
σ x =
P(20 ≤ x ≤ 22)=
(b) If a random sample of size n = 61 is drawn, find
μx, σx
and P(20 ≤ x ≤ 22). (Round...
16. A bond with 5 years to maturity is selling for $1,000 and
has a yield to maturity of 4.50%. If this bond pays its coupon
payments semi-annually and par value is $1,000, what is the bond's
annual coupon rate?
A. 4.45%
B. 4.50%
C. 4.89%
D. 4.95%
E. 5.12%
19. Acme Inc. just issued a bond with a $1,000 face value and a
coupon rate of 7%. If the bond has a life of 30 years, pays
semi-annual coupons,...
Camp Manufacturing turns over its inventory five times each
year, has an average payment period of 35 days, and has an average
collection period of 60 days. the firm has annual sales of $4.2
million and cost of goods sold of $3.5 million.
a.Calculate the firm's operating cycle and cash conversion
cycle.
b.What is the dollar value of inventory held by the firm?
c.If the firm could reduce the average age of its inventory from
73 days to 63 days...