The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows:
Year 1 2
3 4 5
Mileage 3,000 3,950
3,450 3,800 3,750
a) Using a 2-year moving average, the forecast for year 6 =
3775 miles (round your response to the nearest whole number).
b) If a 2-year moving average is used to make the forecast, the MAD based on this = 83.3 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)
c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55 (the weight of 0.55 is for the most recent period) = 3773 miles (round your response to the nearest whole number).
The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55 = 102 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)
d) Using exponential smoothing with alpha α = 0.40 and the forecast for year 1 being 3,000, the forecast for year 6 =________________ miles (round your response to the nearest whole number).
In: Operations Management
Question 1:
A binomial distribution has p = 0.21 and n = 94. Use the normal approximation to the binomial distribution to answer parts (a) through (d) below. Round to four decimal places as needed.)
a. What are the mean and standard deviation for this distribution?
b. What is the probability of exactly 15 successes?
c. What is the probability of 13 to 21 successes?
d. What is the probability of 9 to 17 successes?
Question 2:
The average number of miles driven on a full tank of gas in a certain model car before its low-fuel light comes on is 331. Assume this mileage follows the normal distribution with a standard deviation of 44 miles. Complete parts a through d below. (Round to four decimal places as needed.)
In: Statistics and Probability
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows:
| Year | 1 | 2 | 3 | 4 | 5 |
| Mileage | 3,000 | 4,050 | 3,400 | 3,800 | 3,700 |
a) Using a 2-year moving average, the forecast for year 6 = ? miles (round your response to the nearest whole number).
b) If a 2-year moving average is used to make the forecast, the MAD based on this = ? miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)
c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.40 and 0.60 (the weight of 0.60 is for the most recent period) = ? miles (round your response to the nearest whole number)
The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.40 and 0.60 = ? miles (round your response to one decimal place) (Hint: You will have only 3 years matched data.)
d) Using exponential smoothing with α = 0.20 and the forecast for year 1 being 3,000 the forecast for year 6 = ? miles (round your response to the nearest whole number)
In: Operations Management
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows:
|
Year |
1 |
2 |
3 |
4 |
5 |
|
Mileage |
3,000 |
4,050 |
3,400 |
3,750 |
3,700 |
a) Using a 2-year moving average, the forecast for year 6 =
miles (round your response to the nearest whole number).
b) If a 2-year moving average is used to make the forecast, the MAD based on this =
miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)
c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55 (the weight of 0.55 is for the most recent period) =
miles (round your response to the nearest whole number).
The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55 =
miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)
d) Using exponential smoothing with α = 0.30 and the forecast for year 1 being 3,050, the forecast for year 6 =
miles (round your response to the nearest whole number).
In: Operations Management
1 Objective The purpose of this assignment is to test your familiarity with Java I/O, and if-else statements. Please submit your file as ”Shipping.java”
2 The Backstory Amazon.com wants to try out it’s new ‘Delivery by Drone” service and has recruited you to write a Java console application to calculate the shipping cost. They are going to charge the customer based on various criteria, as shown below:
| Weight (in kg) | Rate per 50 miles |
|
2 or less Over 2 Kg, up through 6 Kg Over 6 Kg, up through 10 Kg Over 10 Kg, up through 20 Kg |
$5.10 $10.18 $22.43 $40.60 |
Amazon Prime members get a 10% discount.
3 Specifications
• First, ask for the weight of the package (in kilograms). The user can enter this as a decimal number, so use type double. Values of 0 or less are invalid (i.e. a package has to weigh something). Do not accept weights of more than 20 Kg either, as this is the maximum weight the company will ship).
• If the user enters an invalid choice, print an appropriate error message and abort the program. (See sample outputs for error messages).
• Now ask the user to enter the distance to ship the package (in miles). This will be entered as an integer. 0 miles or less is considered invalid (must be a positive distance to ship). Also, do not accept distances of more than 3000 miles - consider 3000 miles to be the company’s maximum shipping distance.
• If the user enters an invalid choice, print an appropriate error message and abort the program. (See sample outputs for error messages).
• For a valid weight and distance, compute the shipping charges according to the chart above, noting that ”rate per 50 miles shipped” means that anything up to 50 miles is at the 50 mile rate, anything above 50 up to 100 miles is at the 100 mile rate, and so on.
• Ask if the user is an Amazon Prime member. If the user says Yes, give them a 10% discount.
• Print out the following results: – The package weight (default format), in kilograms. – The shipping rate for this package, to 2 decimal places, (money format). – The number of miles chosen. – The calculated shipping cost, to 2 decimal places (money format).
• See the Sample Runs below for expected output messages and numerical output formats.
• Also note: The System library has a method called exit(), which will cause a program to terminate immediately. It requires a parameter - usually, it is sufficient to just pass in the value 0
4 Sample Runs
Sample Run 1:
Welcome to Amazon Shipping Calculator
Please enter the weight of the package, in Kg: 19.4
Please enter the distance to be shipped (in miles): 2318 Are you an Amazon Prime member? (Yes/No): No
Package weight = 19.4 Kg Shipping rate = $40.60 per 50 miles Number of miles = 2318
Total shipping charges = $ 1908.20
Goodbye
Sample Run 2:
Welcome to Amazon Shipping Calculator
Please enter the weight of the package, in Kg: 8.4 Please enter the distance to be shipped (in miles): 134
Are you an Amazon Prime member? (Yes/No): Yes
Package weight = 8.4 Kg Shipping rate = $22.43 per 50 miles Number of miles = 134
Total shipping charges = $ 60.56
Goodbye
Sample Run 3 (error case): Welcome to Amazon Shipping Calculator
Please enter the weight of the package, in Kg: -5 Invalid package weight. Program aborted
Sample Run 4 (error case): Welcome to Amazon Shipping Calculator
Please enter the weight of the package, in Kg: 21.8 Cannot accept packages over 20 Kg. Program aborted
In: Computer Science
A car is moving at 55 miles per hour. The kinetic energy of that car is 5 × 105 J.How much energy does the same car have when it moves at 98 miles per hour? Answer in units of J
In: Physics
Nursing students currently in a romantic relationship rated how important each of four different aspects of their relationship was to them. The article reporting the results included the following correlation matrix:
|
Intimacy |
Social Status |
Self-Esteem |
Companionship |
|
|
Intimacy |
1.0 |
|||
|
Social Status |
.03 |
1.0 |
||
|
Self-Esteem |
.33* |
.20 |
1.0 |
|
|
Companionship |
.60** |
.23* |
.38* |
1.0 |
Note. *p<.05 : **p<.01
c. How many associations between variables were statistically significant?
In: Statistics and Probability
Alliston spa, a California company, has been expanding in the Northeast. It has opened a spa in Stowe, Vermont, and another in the Berkshires, Massachusetts, and is now planning to open a third one in the East End’s South Fork of Long Island, New York. Alliston is eyeing an unused space owned by Orange Shores Inn. The space is located on the third floor of the main building. About 1/5 of the 10,000 sq. ft. space will be used to build a wide pathway with a garden trellis along the path to connect the main building to a new addition under construction. The rest of the space can be rented out to a third party.
Alliston spa has offered to lease the unused property with Orange Shores Inn for 4 years for a monthly rent of $22,000 for the first 2 years, and a 7% annual increase for the next two years
Orange spa has the following two options :.
Alliston spa. The Orange hotel has to make the space ready for lease. It has to set up the partitions and put in all the necessary plumbing and new flooring. The estimates for the up-front renovation costs range from $200,000 to $250,000 to be depreciated over the life of the project using straight-line with a zero salvage value. Any other spa-related installations will be assumed by Alliston. The existing elevators and toilets would be used by Alliston and, therefore, a pro-rata allocation of the costs of the facilities should be based on the area that will be used. It is estimated to be $11,000 per annum. In addition, there will be an allocation of $ 2,000 per annum to Alliston for any repair and maintenance costs that will be incurred. Alliston will pay all utilities and other operating expenses.
Orange Spa. If the hotel creates its own spa, the up-front investment is estimated to range between $200,000 to $230,000. Other capital investments will include the installations of whirlpools, sauna, and massage and facial rooms. These additional investments will amount to $150,000.
Revenues are expected to be generated 30% from hotel guests and the other 70% from outside bookings. Total sales are estimated to be $845,000 the first year of operation. This revenue has been arrived based on expected hotel bookings per year and prediction of demand for spa services from Long Island and the surrounding area. There will also be a spill-over effect from outside spa guests patronizing its own restaurant, adding additional covers per day. It is estimated that this will generate additional revenues of $55,000 per annum.
The project is estimated to last for 6 years. Sales are expected to grow at 4% per year. Estimates of the operating costs are as follows:
Salaries 15% of Sales
Other operating expenses 30% of Sales
Depreciation- equipment & furniture Straight-line; zero salve value
Capital expenditure Equal annual depreciation
Cost of Capital. Orange Shores Inn has a capital structure consisting of 40% debt and 60% equity. The debt consists of loans from the Long Island Bank with an interest rate of 6.8%. The cost of equity of the hotel shareholders is 16%. The corporate tax rate is 40%.
It is possible that the hotel will project a different image to the public if it offers spa services. Instead of a hotel that caters to families, it will be perceived more as a hotel that caters to couples and singles. This might have a negative impact in terms of attracting tourists traveling with children. The total patronage for the hotel might decline by 12%. Below is the projection on net room revenue for the next six years.
Projection of Net Room Revenue
(Room Sales – Room Operating Expenses)
|
Year |
1 |
2 |
3 |
4 |
5 |
6 |
|
Net Room Revenue |
$2,200,000 |
$2,400,000 |
$2,500,000 |
$2,600,000 |
$2,650,000 |
$2,700,000 |
In: Finance
In accounting, what are the main similarities and differences between a 200 rooms of 3 stars hotel and a 200 slots of 3 stars camping sites?
In: Accounting
writing pretend you are working in a hotel busness place describe how would you apply use ethic to be successfull as an employee in that workplace
In: Operations Management