Questions
In Florida, real estate agents refer to homes having a swimming pool as pool homes. In...

In Florida, real estate agents refer to homes having a swimming pool as pool homes. In this case, Sunshine Pools Inc. markets and installs pools throughout the state of Florida. The company wishes to estimate the percentage of a pool's cost that can be recouped by a buyer when he or she sells the home. For instance, if a homeowner buys a pool for which the current purchase price is $30,000 and then sells the home in the current real estate market for $20,000 more than the homeowner would get if the home did not have a pool, the homeowner has recouped (20,000/30,000) × 100% = 66.67% of the pool's cost.

To make this estimate, the company randomly selects 80 homes from all of the homes sold in a Florida city (over the last six months) having a size between 2,000 and 3,500 square feet. For each sampled home, the following data are collected: Price - selling price (in thousands of dollars); Size - square footage; Bathrooms - the number of bathrooms; Rating - a niceness rating (expressed as an integer from 1 to 7 and assigned by a real estate agent); and Pool - whether or not the home has a pool (1 = yes, 0 = no). The data are given in the file FloridaPoolHome-Spring2018.

4.         Compute the mean selling prices of the homes having a pool and the homes that do not have a pool. Assuming that the average current purchase price of the pools in the sample is $32,500, estimate the percentage of a pool's cost that can be recouped when the home is sold. What concerns do you have about the reliability of the estimate?

Data Set:

Home Price Size Bathrooms Rating Pool
1 260.9 2666 2.5 7 0
2 337.3 3418 3.5 6 1
3 268.4 2945 2.0 5 1
4 242.2 2942 2.5 3 1
5 255.2 2798 3.0 3 1
6 205.7 2210 2.5 2 0
7 249.5 2209 2.0 7 0
8 193.6 2465 2.5 1 0
9 242.7 2955 2.0 4 1
10 244.5 2722 2.5 5 0
11 184.2 2590 2.5 1 0
12 325.7 3138 3.5 7 1
13 266.1 2713 2.0 7 0
14 166.0 2284 2.5 2 0
15 330.7 3140 3.5 6 1
16 289.1 3205 2.5 3 1
17 268.8 2721 2.5 6 1
18 276.7 3245 2.5 2 1
19 222.4 2464 3.0 3 1
20 241.5 2993 2.5 1 0
21 307.9 2647 3.5 6 1
22 223.5 2670 2.5 4 0
23 231.1 2895 2.5 3 0
24 216.5 2643 2.5 3 0
25 205.5 2915 2.0 1 0
26 258.3 2800 3.5 2 1
27 227.6 2557 2.5 3 1
28 255.4 2805 2.0 3 1
29 235.7 2878 2.5 4 0
30 285.1 2795 3.0 7 1
31 284.8 2748 2.5 7 1
32 193.7 2256 2.5 2 0
33 247.5 2659 2.5 2 1
34 274.8 3241 3.5 4 1
35 264.4 3166 3.0 3 1
36 204.1 2466 2.0 4 0
37 273.9 2945 2.5 5 1
38 238.5 2727 3.0 1 1
39 274.4 3141 4.0 4 1
40 259.6 2552 2.0 7 1
41 285.6 2761 3.0 6 1
42 216.1 2880 2.5 2 0
43 261.3 3426 3.0 1 1
44 236.4 2895 2.5 2 1
45 267.5 2726 3.0 7 0
46 220.2 2930 2.5 2 0
47 300.1 3013 2.5 6 1
48 260.0 2675 2.0 6 0
49 277.5 2874 3.5 6 1
50 274.9 2765 2.5 4 1
51 259.8 3020 3.5 2 1
52 235.0 2887 2.5 1 1
53 191.4 2032 2.0 3 0
54 228.5 2698 2.5 4 0
55 266.6 2847 3.0 2 1
56 233.0 2639 3.0 3 0
57 343.4 3431 4.0 5 1
58 334.0 3485 3.5 5 1
59 289.7 2991 2.5 6 1
60 228.4 2482 2.5 2 0
61 233.4 2712 2.5 1 1
62 275.7 3103 2.5 2 1
63 290.8 3124 2.5 3 1
64 230.8 2906 2.5 2 0
65 310.1 3398 4.0 4 1
66 247.9 3028 3.0 4 0
67 249.9 2761 2.0 5 0
68 220.5 2842 3.0 3 0
69 226.2 2666 2.5 6 0
70 313.7 2744 2.5 7 1
71 210.1 2508 2.5 4 0
72 244.9 2480 2.5 5 0
73 235.8 2986 2.5 4 0
74 263.2 2753 2.5 7 0
75 280.2 2522 2.5 6 1
76 290.8 2808 2.5 7 1
77 235.4 2616 2.5 3 0
78 190.3 2603 2.5 2 0
79 234.4 2804 2.5 4 0
80 238.7 2851 2.5 5 0

In: Operations Management

1. Why is it important for CPA to be independent? 2. What are 2 consequences of...

1. Why is it important for CPA to be independent?

2. What are 2 consequences of them not being independent?

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?" + 3?′ + 2? = ????, ?(0) = 0, ?′(0) = 2 1) Please solve...

?" + 3?′ + 2? = ????, ?(0) = 0, ?′(0) = 2

1) Please solve using an annihilator

2) Please solve using the Method of Variation of Parameters

Thank you.

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Graphically illustrate a recession and note the steps 1 to 2 and 2 to 3 and...

  1. Graphically illustrate a recession and note the steps 1 to 2 and 2 to 3 and in a bullet list or narrative.

       Discussion:

  1. Specifically address the different policy recommendations specifically between the Keynesian and Monetarist/classical school for getting the economy out of the recession.
  2. What about the rational expectations school adjustment process? What are some of the key assumptions of the rational expectations with regards to the business cycle and the flexibility of prices and wages?

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Consider the country of Smelterland. There are 2 businesses: (1) the Smelterland Steelworks; and (2) the...

Consider the country of Smelterland. There are 2 businesses: (1) the Smelterland Steelworks; and (2) the Smelterland Autoworks. The Steelworks produces $1000 of steel, all of which is sold to the Autoworks. A key input for manufacturing the steel is labor, which the Steelworks hires at a total cost of $700. The Autoworks combines the $1000 of steel and $1500 of its own labor to produce: (1) $2000 of large sport utility vehicles (SUVs), which are bought by domestic consumers; (2) $500 of tanks, which are bought by the Smelterland Army; (3) $500 of small SUVs, which are sold to foreign consumers; and (4) $500 of steel smelting equipment, which is sold to the Steelworks. a) (4 pts.) What is Smelterland’s GDP? b) (12 pts.) What are consumption (C), investment (I), net exports (NX) and government spending (G)?

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Prove that if (6; a) = (6; b) = 1, then 24 | (a^2 - b^2).

Prove that if (6; a) = (6; b) = 1, then 24 | (a^2 - b^2).

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A beam of spin‐1/2 particles is prepared in the state:     20 2...

A beam of spin‐1/2 particles is prepared in the state:     20 2 20 4  i a) What are the possible results of a measurement of the spin component Sz and with what probabilities would they occur? b) What are the possible results of a measurement of the spin component SX and with what probabilities would they occur? c) Suppose that the SZ measurement yields the result SZ = ‐ħ/2. Subsequent to that result a second measurement is performed to measure the spin component SX. What are the possible results of that measurement and with what probabilities would they occur? d) Draw a schematic diagram depicting the successive measurements as described in part c. Use the Stern‐Gerlach diagrams as drawn in the book showing the possible numbers of events when measured.

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Graphically illustrate a recession and note the steps 1 to 2 and 2 to 3 and...

  1. Graphically illustrate a recession and note the steps 1 to 2 and 2 to 3 and in a bullet list or narrative.

       Discussion:

  1. Specifically address the different policy recommendations specifically between the Keynesian and Monetarist/classical school for getting the economy out of the recession.
  2. What about the rational expectations school adjustment process? What are some of the key assumptions of the rational expectations with regards to the business cycle and the flexibility of prices and wages?

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Discussion 1 : Part 2 of 2 : Work in Groups and come up with a...

Discussion 1 : Part 2 of 2 : Work in Groups and come up with a simple survey for Voice of customer on a new Pho-Let (Phone & Tablet combined) as to what they think the features and requirements should be:

1.List the Requirements

2.List the Critical to Quality elements

3.List the Critical to Satisfaction elements

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Individual Age Gender (Male=1) Family Size Cigarettes/Day Alcohol/Day Total Claims 1 25 1 2 0 3...

Individual Age Gender (Male=1) Family Size Cigarettes/Day Alcohol/Day Total Claims
1 25 1 2 0 3 1
2 28 0 7 0 1 0
3 20 0 3 10 0 9
4 53 1 1 0 0 5
5 48 0 3 5 2 12
6 54 1 3 0 0 2
7 56 1 4 0 0 0
8 35 1 3 10 1 10
9 50 0 6 0 0 6
10 39 1 6 0 0 1
11 56 1 7 0 3 4
12 29 0 5 0 2 4
13 60 1 1 0 1 3
14 29 1 5 0 1 1
15 21 1 2 20 1 17
16 23 1 4 0 1 1
17 38 1 4 0 1 8
18 62 1 4 0 0 7
19 24 0 1 0 3 7
20 53 0 7 0 1 6

ai) Find the mean number of claims made by the sample of smokers and nonsmokers in the group separately.(i.e mean of smokers, mean of nonsmokers)

ii) What is the standard deviation of family size for this population of workers? (standard deviation of popuation) Standardize by converting your “X” values into “Z” values to see whether their historical values match up well with the new company. Use a Z table Hint: use the (ai) and (aii) values along with the means and standard deviations you calculated.

b) First find the Z-value for smokers.

c) And now the Z for nonsmokers.

d) Using your Z-table, find the probability that a nonsmoker will make fewer than 6 claims.

e) Next, find the probability that a smoker will make more than 11 claims.

f) Final Recommendation: This firm will be more risky than the current customer risk pool. True or False

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