The lease of Theme Park, Inc., is about to expire. Management must decide whether to renew the lease for another 10 years or to relocate near the site of a proposed motel. The town planning board is currently debating the merits of granting approval to the motel. A consultant has estimated the net present value of Theme Park’s two alternatives under each state of nature as shown below. Suppose that the management of Theme Park, Inc., has decided that there is a 0.21 probability that the motel’s application will be approved.

a-1.
If management uses maximum expected monetary value as the decision criterion, calculate expected monetary value for the alternatives "Renew" and "Relocate"? (Omit the "$" sign in your response.)

a-2. Which alternative should it choose?

• Renew lease??

• Relocate??

c. If management has been offered the option of a temporary lease while the town planning board considers the motel’s application, would you advise management to sign the lease? The lease will cost $21,000. (Omit the "$" sign in your response.)

Yes  because the cost is less  than EVPI of $ ??? .

You’ve been hired as a consultant for a new planned NYC “quadrathalon”, in which participants run from Hunter’s Point South Park in Queens to Socrates Sculpture garden, take a kayak from there to Roosevelt Island,  swim from there to John Jay park on Manhattan, cycle across to the Boat Basin, then swim down to a concluding party at Riverside pier 1.  The organizers are worried about pollution while swimming in the two rivers.  Studies have show the East River has unacceptable pollution levels a percentage of time given by p_E in the data sheet, while the Hudson river has unacceptable levels p_Hof the time.  Assuming these probabilities are independent answer the following:

p_E =  52  p_H =  22   p_HE = 37

1. What is the probability of having only oneriver contaminated? (they can move the kayak section from one river to the other).
2. What is the probability of having neitherriver contaminated?

You have received new information: if the East River is contaminated, the chances of the Hudson river also being contaminated goes up to p_HE(Manhattan pollutes both).   Redo the questions above using this new information.

You are a database designer and data analyst working for the hypothetical employer, Park University. The University over the last few years has provided faculty and staff needed technology to support various job functions but is having some trouble tracking such technology to ensure the program is cost-effective.   In other words, the University Controls Department is having difficulty locating inventories and associated invoicing information. With the lack of this important information, the University Controls department has a very difficult time locating and tracking released technology which has the intended purpose of being an asset to assigned employees and departments.

The University Controls department has a Technology Asset Management System currently designed and implemented using Microsoft Access; however, the Chief Information Officer (CIO) of Park University needs some ideas of possible reasons the current Technology Asset Management System designed in Microsoft Access is not currently tracking technology assets as intended.

In a memo style response to the Chief Information Officer (CIO), share-based on your knowledge learned about databases using experience and research, some possible and or hypothetical reasons why the existing database, in this case, is not working as intended?

The number X of cars that Linda hopes to sell has the distribution:

Cars sold    0   1    2   3

Probability 0.2 0.1      0.3    0.4

Find the mean and standard deviation of X.

Use the following table of states of the economy and stock returns to calculate the expected return on a portfolio of 50 percent Roten and the rest in Bradley.

Q5. Find if each Cobb-Douglas production functions below is constant return to scale, increasing return to scale, or decreasing return to scale?

Q=20K^0.8 L^0.5

Q=35K^0.8 L^0.8

Q=40K^0.3 L^0.5

Study a consumer product that your group might consider buying. Select a flatscreen TV, home theater system, computer, digital camera, espresso machine, car, SUV, hot tub, or some other product. Next, research the product as described in Chapter 10. Use at least five primary and five secondary sources in researching your topic. Your primary research will be in the form of interviews with individuals (owners, users, salespeople, technicians) in a position to comment on attributes of your product. Your secondary research will be in the form of print or electronic sources, such as magazine articles, owner manuals, and Web sites. Be sure to use electronic databases and the Web to find appropriate articles.

Your report should analyze and discuss at least three comparable models or versions of the target product. Decide what criteria you will use to compare the models, such as price, features, warranty, service, and so forth. The report should include these components: letter of transmittal, table of contents, executive summary, introduction (including background, purpose, scope of the study, and research methods), findings (organized by comparison criteria), summary of findings, conclusions, recommendations, and bibliography.

In a bird species, the shape of the beak is encoded by ONE SINGLE locus with TWO co-dominant alleles N^a and Nz. N^a gives long beak in double dose, while individuals who are homozygous for N^z have short beak.

In a population, the following genotype frequencies were observed:

N^a N^a = 0.5
N^a N^z = 0.3
N^z N^z = 0.2

a) Assume a total of 600 individuals in the population. Set up a hypothesis, will the frequency be in Hardy-Weinberg equilibrium?

b) Use an x2 test to find out if the allele frequency is in Hardy-Weinberg equilibrium or not.

According to what I´ve heard we can´t use the frequencies listed, but instead the allel frequence:

p = 0.5 + ½ * 0.3 = 0.65

1. The number of fishing rods selling each day is given below. Perform analyses of the time series to determine which model should be used for forecasting. (10 points) a. 3 day moving average analysis b. 4 day moving average analysis c. 3 day weighted moving average analysis with weights w1=0.2, w2=0.3 and w3=0.5 with w1 on the oldest data d. exponential smoothing analysis with a = 0.3. e. Which model provides a better fit of the data? f. Forecast day 13 sales of fishing rods using the model chosen in part (e). Day Rods sold 1 60 2 70 3 110 4 80 5 70 6 85 7 115 8 105 9 65 10 75 11 95 12 85

Use the following information to evaluate whether or not you should buy stock A.

                           Stock A                                                                      S&P 500

              Probability                       Return                              Probability         Return

                  0.1                                   -100%                                 0.3                      -30%

                  0.2                                    -10%                                  0.4 15%

                  0.6                                    18%                                  0.3 40%

                  0.1                                   130%

The current yield on the 10-year Treasury Note (risk-free rate) is 3.3%. The correlation between Stock A and the market is 0.53.

Hint One – Remember that the S&P 500 represents the market and that you can use the two probability distributions above to get the expected return and standard deviation for both Stock A and for the market (round calculations to 2 decimal places in percentage terms).

Hint Two – You will use the SML to get the required return and you will need to calculate beta from the data provided (round beta to two decimal places).