1. What is (Keynesian) Monetary Policy? (Explain/Discuss with emphasis on ONE of the bullets)
   • Discuss the last two recessions (2007-8 and 2020) in terms of monetary policy.
   • Discuss bank regulation following the Great Depression and bank deregulation starting in the 1980’s.  How was this a factor in the financial crisis?

10. The Wearever Carpet Company manufactures two brands of carpet—shag and sculptured—in 10-yard lots. It requires 8 hours to produce one lot of shag carpet and 6 hours to produce one lot of sculptured carpet. The company has the following production goals, in prioritized order:

(1) Do not underutilize production capacity, which is 480 hours.

(2) Achieve product demand of 40 (100-yard) lots for shag and 50 (100-yard) lots for sculptured carpet. Meeting demand for shag is more important than meeting demand for sculptured, by a ratio of 5 to 2.

(3) Limit production overtime to 20 hours.

a. Formulate a goal programming model to determine the amount of shag and sculptured carpet to produce to best meet the company’s goals.

b. Solve this model by using the computer.

1. The collection of all outcomes for an experiment is called ________________________.

2. A compound event includes ___________________________________________.

3. Two equally likely events _____________________________________________.

4. Two mutually exclusive events _________________________________________.

5. Two independent events _____________________________________________.

6. The following table gives the temperatures (in degrees Fahrenheit) at 6 PM and the attendance (rounded to hundreds) at a minor league baseball team's night games on 7 randomly selected evenings in May.

1. Do you think temperature depends on attendance or attendance depends on temperature?

__________________________________________________________________________

2. Construct a scatter diagram for these data. Does the scatter diagram exhibit a linear relationship between the two variables?

_________________________________________________________________________

The SAT and the ACT are the two major standardized tests that colleges use to evaluate candidates. Most students take just one of these tests. However, some students take both. The data data91.dat gives the scores of 60 students who did this. How can we relate the two tests?

(b) Find the least-squares regression line and draw it on your plot. Give the results of the significance test for the slope. (Round your regression slope and intercept to three decimal places, your test statistic to two decimal places, and your P-value to four decimal places.)

(c) What is the correlation between the two tests? (Round your answer to three decimal places.)

obs     sat     act
1       1203    28
2       827     17
3       622     15
4       712     16
5       1069    30
6       984     22
7       1172    26
8       963     20
9       848     15
10      1028    16
11      778     17
12      623     12
13      1110    22
14      740     15
15      1023    19
16      1077    23
17      1225    26
18      804     13
19      1307    32
20      933     20
21      737     17
22      1210    29
23      1024    24
24      1077    22
25      1077    26
26      714     16
27      496     10
28      1140    23
29      961     25
30      587     16
31      521     9
32      891     13
33      704     17
34      1153    22
35      1189    32
36      968     22
37      1016    26
38      663     14
39      776     20
40      1092    26
41      682     14
42      1288    30
43      937     25
44      876     16
45      955     23
46      1143    26
47      841     23
48      1251    32
49      765     20
50      1067    16
51      1215    28
52      1040    25
53      655     11
54      894     20
55      1011    24
56      926     18
57      838     23
58      1078    24
59      962     24
60      795     20

Three LEDs (one red, one green, one blue) turn on when a number 0–7 is passed through. Red turns on with even numbers, green turns on with odd numbers, blue turns on with multiples of 3. Zero means they are all off, seven means they are all on. Set–up the appropriate truth table, simplify using K–maps. Implement, using LogiSim, the simplified logic circuit with optimal number of logic gates.

can someone please explain how to do the logisim?? i am having trouble taking the simplified kmaps answer into logisim

i got everything but the last part

Implement the dynamic algorithm of 0-1 knapsack problem in Java. The following table shows 10 items, their values and weights. The maximum weight capacity of the knapsack is 113. What could be the maximum value of the knapsack and the most valuable set of items that fit in the knapsack?

Traditionally, wine has been sold in glass bottles with cork stoppers. The stoppers are supposed to keep air out of the bottle because oxygen is the enemy of the wine. Particularly red wine. Recent research appears to indicate that metal screw caps are more effective in keeping air out of the bottle. However, metal caps are perceived to be inferior and usually associated with cheaper brands of wine. A random sample of 130 people who drink at least one bottle per week on average was asked to participate in an experiment. All were given the same wine in two types of bottles. One group was given a corked bottle, and the other group of people was given a bottle with a metal cap and asked to taste the wine and indicate what they think the retail price of the wine should be.

METAL PRICE = 13 12 16 5 7 8 6 10 11 9 6 16 15 15 9 17 6 10 11 7 8 11 22 21 11 6 11 10 17 12 13 11 16 18 12 11 11

CORK PRICE = 16 10 15 10 17 11 14 13 11 14 11 16 18 16 10 17 14 14 16 7 10 12 19 15 16 14 9 12 21 13 10 16 12 16 13 17 17

QUESTION-Determine the rejection and nonrejection regions.

Terry and Associates is a specialized medical testing center Denver, Colorado. One of the firm's major sources of revenue is a lot used to test for elevated of lead in the blood. Workers in auto body shops, those in the lawn care industry, and commercial house painters are exposed to large amounts of lead and thus must be randomly tested. It is expensive to conduct the test, so the kits are delivered on demand to a variety of locations throughout the Denver area.

     Kathleen Terry, the owner, is concerned about setting appropriate costs for each delivery. To investigate, Ms. Terry gathered information on a random sample 0f 46 recent deliveries. Factors thought to be related to the cost of delivering a kit were:

Prep   The time in minutes between when the customized order is phoned into the company and when it is ready for delivery.

Delivery   The actual travel time in minutes from
Terry"s plant to the customer.

Mileage    The distance in miles from Terry's plant to the customer.

Cost          Prep     Delivery     Mileage

32.60          10          51             20

23.37          11          33             12

31.49           6           47             19

19.31           9           18              8

28.35           8           88             17

28.17           5           35             16

20.42           7           23              9

21.53           9           21             10

27.55         7 37 16

23.37 9 25 12

17.10    15    15 6

27.06    13    34    15

15.99    8    13 4

17.96    12 12    4

25.22    6      41               14

24.29            3         28               13

22.76          4         26               10

28.17            9         54               16

19.68            7         18                 8

25.15            6         50               13

20.36            9         19                7

21.16            3         19                8

25.95           10        45               14

18.76           12        12                 5

18.76            8       16                 5

24.49            7         35                13

19.56            2         12                 8

22.63            8         30                11

21.16            5         13                 8

21.16           11        20                 8

19.68             5        19                 8

18.76             5        14                 7

17.98             5        11                 4

23.37            10       25                12

25.22              6       32                14

27.06              8       44                16

21.06              9       28                  9

22.63              8       31                 11

19.68              7       19                   8

22.76              8       28                  10

21.96             13      18                   9

25.95             10      32                  14

26.14               8      44                  15

24.29               8      34                  13

24.35               3      33                  12

1. Write the regression equation.

2. Interpret the regression constant and partial regression coefficients.

3. Test the overall significant of the regression model

4. Is there any indication of multicollinearity.

15.

Kevin company manufactures and sells one product. The following information pertains to the company's first year of operations:

(Q.) What is net operating income under variable costing in the first year?

16.

The following data are average times per order over the last month for Gamora Corp.

(Q.) What is Manufacturing Cycle Efficiency (MCE)? Use two decimal places in the answer (for example, if the answer is 44%, key in "0.44").

15. Kevin company manufactures and sells one product. The following information pertains to the company's first year of operations:

(Q.) What is net operating income under variable costing in the first year?

(A.) $ ?

16.

The following data are average times per order over the last month for Gamora Corp.

(Q.) What is Manufacturing Cycle Efficiency (MCE)? Use two decimal places in the answer (for example, if the answer is 44%, key in "0.44").

(A.) ?