Simon spends his income, $100, on food (f) and video games (v) with prices pf= 7 and pv = 1. Assume that f ≥ 0, v ≥ 0. His preferences are given by u(f, v) = f^0.7 *v^0.3 . Paul’s Marshallian demand is . (a) (11, 23) (b) (5, 65) (c) (10, 30) (d) (10, 25)
In: Economics
Read chapter 18 and pick ONE of the cases in this chapter to discuss: Anderson v. Country Life Insurance, Mendenhall v. Hanesbrands, INC., O'Brien v. Ohio State University, or Hoosier Energy Rural Electric cooperative, INC. v. John Hancock Life Insurance Co. Share with the class your impression of the case and why you agree or disagree with the court's holding.
In: Operations Management
The pressure p and volume v of a given mass of gas are connected by the relation
k=(p+a\v^2)(v-b)
where a, b, and k are constants.
Using the composite trapezoidal method, write a MatLab script to approximate the work done by the gas in expanding from an initial volume to a final volume. Express p in terms of v.
Where W = Integral (Pdv)
In: Mechanical Engineering
Let V be a vector space of dimension 1 over a field k and choose a fixed nonzero element voe V, which is therefore a basis. Let W be any vector space over k and let woe W be an arbitrary vector. Show that there is a unique linear transformation T: V → W such that T(v)= wo. [Hint: What must T(Avo) be?)
In: Advanced Math
A stellar object that is at a great distance emits a stream of
matter at velocity v towards an observer obliquely, forming an
angle θ with the observation line. For the observer the jet appears
to have been emitted laterally at speed V.
Show that for certain angles the speed measured by the observer may
exceed the speed of light.
V = sin θ (1 / v - cos θ) −1
In: Physics
Upriver Parts manufactures two products, V-1 and V-2, at its
River Plant. Selected data for an average month for the two
products follow.
| V-1 | V-2 | |||||
| Units produced | 10,000 | 1,000 | ||||
| Direct materials cost per unit | $ | 2 | $ | 4 | ||
| Machine hours per unit | 1 | 2 | ||||
| Production runs per month | 80 | 40 | ||||
Production at the plant is automated and any labor cost is included
in overhead. Data on manufacturing overhead at the plant
follow.
| Machine depreciation | $ | 39,000 | |
| Setup labor | 19,200 | ||
| Material handling | 14,640 | ||
| Total | $ | 72,840 | |
Required:
a. Compute the unit costs for the two products
V-1 and V-2 using the current costing system at Upriver (using
machine hours as the allocation basis). (Do not round
intermediate calculations. Round your answers to 2 decimal
places.)
b. Compute the unit costs for the two products V-1
and V-2 using the proposed ABC system at Upriver. (Do not
round intermediate calculations. Round your answers to 2 decimal
places.)
In: Accounting
Consider a binary channel transmitting bits independently. Each bit is demodulated with a 0 corresponding to 0 volts and a 1 corresponding to 5 volts. Thus, the received random variable v is normally distributed with variance σ2 = 1 and mean μ = 0 or μ = 5. The demodulated voltage v is compared to a threshold τ to decide whether a bit is a 0 or 1, i.e., decide that a 1 was sent if v > τ and that a 0 was sent if v < τ. Bits are equally probable so that P ( μ = 0 ) = P ( μ = 5 ) = 1 / 2. Note that an error occurs either if a 0 was sent so that μ = 0 but v > τ and a 1 is decided or if a 1 was sent so that μ = 5 but v < τ and a 0 is decided. What are the conditional probabilities P ( v > τ | μ = 0 ) and P ( v < τ | μ = 5 )? What is the resulting probability of error? What value should one choose for τ to minimize the probability of error? If 1250 bytes (8 bits each) are sent, what is the expected number of errors?
In: Statistics and Probability
|
In a study conducted by some Statistics students, 69 people were randomly assigned to listen to rap music, music by Mozart, or no music while attempting to memorize objects pictured on a page. They were then asked to list all the objects they could remember. The summary statistics for each group are shown in the table. Complete parts a and b.
a.Does it appear that it is better to study while listening to Mozart than to rap music? Test an appropriate hypothesis and state your conclusion. Let group M correspond to Mozart listeners and group R correspond to rap listeners. Write the null and alternative hypotheses. b. Find p and t values c. State the conclusion d.Now compare the group that listened to Mozart with the group that listened to no music. Create a 90 % a confidence interval for the mean difference in memory score between students who listen to Mozart and those who listen to no music at all. Interpret your interval. |
In: Statistics and Probability
The students answered questions about alcohol use and hangovers, including a count of how many out of a list of 13 possible hangover symptoms they had experienced in the past year. For the 470 men, the mean number of symptoms was 5.4; for the 755 women, it was 5.1. The standard deviation was 3.7 for each of the two samples.
(a) Define the parameter of interest using appropriate notation. The parameter of interest is Correct: Your answer is correct. in mean number of hangover symptoms, out of the 13 listed, experienced by the populations of male and female college students similar to those in the study.
(b) Find the standard error of the difference in means. (Round the answer to four decimal places.) s.e.(x1 - x1) =
(c) Find an approximate 95% confidence interval for the difference in population means. (Round all answers to two decimal places.) to symptoms
(d) On the basis of your interval in part (c), do you think that there is a difference in the population mean number of hangover symptoms experienced by college men and women? There Correct: Your answer is correct. a difference in the mean number of symptoms in the population.
In: Statistics and Probability
In: Statistics and Probability