The following table shows the MB of polluting to firm A and firm B (which represents the MC of abatement of pollution to the firms)
| Emissions | MB firm A | MB firm B |
| 20 | 0 | 0 |
| 19 | 4 | 2 |
| 18 | 8 | 4 |
| 17 | 12 | 6 |
| 16 | 16 | 8 |
| 15 | 20 | 10 |
| 14 | 24 | 12 |
| 13 | 28 | 14 |
| 12 | 32 | 16 |
| 11 | 36 | 18 |
| 10 | 40 | 20 |
| 9 | 44 | 22 |
| 8 | 48 | 24 |
| 7 | 52 | 26 |
| 6 | 56 | 28 |
| 5 | 60 | 30 |
| 4 | 64 | 32 |
| 3 | 68 | 34 |
| 2 | 72 | 36 |
| 1 | 76 |
38 |
A. Imagine an environmental standard where each firm is allowed to emit 11 units. 1. What is the total cost of this standard to firm A? Firm B? 2. What is the total cost to the industry made up of these two firms?
B. Now suppose that a tax of $24 per unit of emissions is imposed. 1. How many units of emissions will firm A choose to emit? Firm B? 2. What is the total cost to this industry for the reduction in emissions?
C. Now suppose each firm is issued 11 permits in a tradable emissions permits market. 1. Who will purchase permits? Who will sell? 2. Where will the price of permits sell?
In: Economics
1. In a survey, 14 people were asked how much they spent on
their child's last birthday gift. The results were roughly
bell-shaped with a mean of $44 and a standard deviation of $10.
Construct a confidence interval at a 99% confidence level. Give
your answers to one decimal place.
___ ± ___
2. The effectiveness of a blood-pressure drug is being investigated. An experimenter finds that, on average, the reduction in systolic blood pressure is 50 for a sample of size 12 and standard deviation 15. Estimate how much the drug will lower a typical patient's systolic blood pressure (using a 98% confidence level). Give your answers to one decimal place and provide the point estimate with its margin of error.
___ ± ___
3. In a survey, 31 people were asked how much they spent on
their child's last birthday gift. The results were roughly
bell-shaped with a mean of $31 and a standard deviation (s) of $14.
Construct a confidence interval at a 99% confidence level. Give
your answers to one decimal place.
___±___
4. Express the confidence interval (61%,67.8%) in the form of
p^±ME.
___% ±___ %
5. A political candidate has asked you to conduct a poll to determine what percentage of people support her. If the candidate only wants an 8% margin of error at a 99% confidence level, what size of a sample is needed?Give your answer in whole people
ANSWER ALL QUESTIONS PLEASE!
In: Statistics and Probability
To determine the effect of various cooling devices during exercise, a researcher assigns 10 people to each of the following four groups: No Cooling Device, Only Head Cooling Device, Only Vest Cooling Device, Both Head and Vest Cooling Device. The researcher takes the body temperature of each individual after exercise and runs an ANOVA to test the null hypothesis that .
Here is the R input:
> NoCool=c(102,104,101,102,103,101,99,102,100,100)>
HeadCool=c(102,102,100,101,103,101,99,101,101,100)
> VestCool=c(101,102,100,100,102,100,99,101,100,100)>
HeadVestCool=c(100,99,99,100,100,99,98,100,99,99)
> Device = c(rep("None",10),rep("Head Only",10),rep("Vest
Only",10),rep("Head and Vest",10))
> Temperature=c(NoCool,HeadCool,VestCool,HeadVestCool)> Temp
= data.frame(Device,Temperature)
> Temp.mod=aov(Temperature~Device,data=Temp)
> anova(Temp.mod)
Here is the output:
The researcher concludes that at least one of the means is different and, as a result, runs a Tukey Test.
Here is the R input:
> TukeyHSD(Temp.mod)
Here is the output:
Question: Which means should the researcher conclude to be different from each other at the significance level of 0.05?
|
Head Only |
||
|
None |
||
|
Vest Only |
||
|
None |
||
|
Vest Only |
||
|
Vest Only |
In: Statistics and Probability
Language: c++
works in visual basic
Write a program that uses an array of nested structs to store the addresses for your store’s customers. Each customer has a name and two addresses: home address and business address. Each address has a street, city, state, and zip code. Requirements: 1. Data structure a. Define an Address struct with street, city, state and zip fields b. Define a Customer struct with lastNm and firstNm fields, plus homeAddr and busAddr fields of type Address c. Declare an array of type Customer 2. Use a menu‐driven program with the following selections: a. Enter new customer b. Display all customers c. Display a particular customer d. Exit the program 3. Define the following 5 functions a. int displayMenu(); Outputs the menu selections Inputs the users selection Validates that the user has entered a valid selection b. Customer getCustomer(); Asks the user to input the customer’s first name, last name and the two addresses and stores in a single Customer struct c. void showCustomer(Customer); Outputs the information for a single Customer struct d. Address getAddress(); Asks the user to enter each component of the address (street, city, state and zip) and stores it in a single address struct. Note that street will contain embedded blanks, so you will need to use getline. Since you are mixing cin and getline, you will need to use cin.ignore to skip over the last endline character in the input prior to using getline. e. void findCust(Customer[], int); Asks the user to enter a customer’s first and last names Searches the array of Customers for a match If there is a match, prints out all information for the particular customer If not match, prints an error message.
In: Computer Science
AZRB is a road bridge construction company. The company plan to build a major road bridge for its new project. Table shows the process sequence and other related data for the major road bridge development.
Table :Activities to construct the bridge, estimated time and crashing cost.
|
Activity |
Predecessor |
Time Estimates (Days) |
Cost (RM per day) |
Crash cost (RM per day) |
|
||
|
Optimistic |
Most Likely |
Pessimistic |
Maximum crash time (days) |
||||
|
a |
m |
b |
|||||
|
A |
- |
65 |
73 |
90 |
100 |
150 |
6 |
|
B |
A |
20 |
27 |
40 |
80 |
120 |
6 |
|
C |
A |
46 |
50 |
66 |
110 |
165 |
10 |
|
D |
B, C |
33 |
40 |
50 |
80 |
120 |
4 |
|
E |
B |
15 |
22 |
35 |
90 |
135 |
5 |
|
F |
D, E |
50 |
71 |
80 |
130 |
195 |
3 |
|
G |
D |
25 |
40 |
85 |
100 |
150 |
5 |
|
H |
F,G |
15 |
30 |
45 |
90 |
145 |
7 |
In: Operations Management
For the last 50 weeks, the demand for a product was observed to be as given in the table below. For example, 250 units were demanded for 10 weeks in the span of 50 weeks (not necessarily in one single stretch!). The unit price of the product $500 and normally sells for $750, If the product is not sold during that week, it can be sold at a reduced price of $300 per unit. If it is out of stock, the lost goodwill amounts $150/unit.
|
Demand |
Frequency |
|
240 |
5 |
|
250 |
10 |
|
260 |
20 |
|
270 |
10 |
|
280 |
5 |
In: Operations Management
#4
The numbers in the table below represent the average daily intake of sugar-sweetened soft drinks and the average weight for a particular group of men at various times over a period of 40 years. Use that data to answer the questions below.
| Soda intake (gal) | 8 | 13 | 18 | 22 | 21 | 27 | 24 | 31 | 31 | 32 | 41 | 44 | 38 |
| Weight (lb) | 173 | 169 | 167 | 169 | 176 | 167 | 184 | 183 | 172 | 172 | 182 | 181 | 192 |
To two decimal places, the correlation coefficient is
To the nearest integer percent, about what percentage of weight gain is explained by soft drink consumption? %
To four decimal places, the coefficients of the regression line are:
slope: intercept:
In: Statistics and Probability
Part A: The number of cars arriving at a self-service gasoline station during the last 50 hours of operation are as follows:
|
Number of Cars Arriving |
Frequency |
|
6 |
10 |
|
7 |
12 |
|
8 |
20 |
|
9 |
8 |
The following random numbers have been generated: 44, 30, 26, 09, 49, 13, 33, 89, 13, 37. Simulate 10 hours of arrivals at this station. What is the average number of arrivals during this period?
Part B: The time between arrivals at a drive-through window of a fast-food restaurant follows the distribution given below. The service time distribution is also given in the table in the right column. Use the random numbers provided to simulate the activity of the first five arrivals. Assume that the window opens at 11:00 a.m. and the first arrival is after this, based on the first interarrival time generated.
|
Time |
|||
|
Between |
Service |
||
|
Arrivals |
Probability |
Time |
Probability |
|
1 |
0.2 |
1 |
0.3 |
|
2 |
0.3 |
2 |
0.5 |
|
3 |
0.3 |
3 |
0.2 |
|
4 |
0.2 |
Random numbers for arrivals: 14, 74, 27, 03
Random numbers for service times: 88, 32, 36, 24
What time does the fourth customer leave the system?
In: Operations Management
Lester Hollar is vice president for human resources for a large manufacturing company. In recent years, he has noticed an increase in absenteeism that he thinks is related to the general health of the employees. Years ago, in an attempt to improve the situation, he began a fitness program in which employees exercise during their lunch hour. To evaluate the program, he selected a random sample of eight participants and found the number of days each was absent in the six months before the exercise program began and in the last six months. Below are the results. Use a 0.05 significance level and determine if it is reasonable to conclude that the number of absences has decline? Use this information to solve the following questions.
A. What is the null hypothesis statement for this problem?
B. What is the alternative hypothesis statement for this problem?
C. What is alpha for this analysis?
D. What is the most appropriate test for this problem? (choose one of the following)
a. t-Test: Paired Two Sample for Means
b. t-Test: Two-Sampled Assuming Equal Variances
c. t-Test: Two-Sample Assuming Unequal Variances
d. z-Test: Two Sample for Means
E. What is the value of the test statistic for the most appropriate analysis?
F. What is the lower bound value of the critical statistic? If one does not exist (i.e. is not applicable for this type analysis), document N/A as your response.
G. What is the upper bound value of the critical statistic? If one does not exist (i.e. is not applicable for this type analysis), document N/A as your response.
H. Is it reasonable to conclude that the number of absences has decline? (choose one of the following)
a. Yes
b. No
I. What is the p-value for this analysis? (Hint: Use this value to double check your conclusion)
| Employee | Before | After |
| 1 | 6 | 5 |
| 2 | 6 | 2 |
| 3 | 7 | 1 |
| 4 | 7 | 3 |
| 5 | 4 | 3 |
| 6 | 3 | 6 |
| 7 | 5 | 3 |
| 8 | 6 | 7 |
Show all work with the right formulas
In: Math
Kitchen Supply, Inc. (KSI), manufactures three types of flatware: institutional, standard, and silver. It applies all indirect costs according to a predetermined rate based on direct labor-hours. A consultant recently suggested that the company switch to an activity-based costing system and prepared the following cost estimates for year 2 for the recommended cost drivers.
| Activity | Recommended Cost Driver |
Estimated Cost |
Estimated Cost Driver Activity |
||||
| Processing orders | Number of orders | $ | 42,875 | 175 | orders | ||
| Setting up production | Number of production runs | 209,000 | 110 | runs | |||
| Handling materials | Pounds of materials used | 308,000 | 110,000 | pounds | |||
| Machine depreciation and maintenance | Machine-hours | 200,000 | 10,000 | hours | |||
| Performing quality control | Number of inspections | 70,000 | 50 | inspections | |||
| Packing | Number of units | 127,500 | 510,000 | units | |||
| Total estimated cost | $ | 957,375 | |||||
In addition, management estimated 7,800 direct labor-hours for year 2.
Assume that the following cost driver volumes occurred in January, year 2.
| Institutional | Standard | Silver | |||||||
| Number of units produced | 55,000 | 26,000 | 8,000 | ||||||
| Direct materials costs | $ | 37,000 | $ | 22,000 | $ | 17,000 | |||
| Direct labor-hours | 450 | 440 | 610 | ||||||
| Number of orders | 11 | 9 | 6 | ||||||
| Number of production runs | 3 | 4 | 5 | ||||||
| Pounds of material | 17,000 | 6,000 | 3,200 | ||||||
| Machine-hours | 560 | 140 | 70 | ||||||
| Number of inspections | 2 | 3 | 4 | ||||||
| Units shipped | 55,000 | 26,000 | 8,000 | ||||||
Actual labor costs were $16 per hour.
Required:
a.
(1) Compute a predetermined overhead rate for
year 2 for each cost driver using the estimated costs and estimated
cost driver units prepared by the consultant.
(2) Compute a predetermined rate for year 2 using
direct labor-hours as the allocation base.
b. Compute the production costs for each product
for January using direct labor-hours as the allocation base and the
predetermined rate computed in requirement
a(2).
c. Compute the production costs for each product
for January using the cost drivers recommended by the consultant
and the predetermined rates computed in requirement
a. (Note: Do not assume that total
overhead applied to products in January will be the same for
activity-based costing as it was for the labor-hour-based
allocation.)
In: Accounting