An independent mail delivery service wants to study factors that affect the daily gas usage of its delivery trucks. Using data collected from different trucks on various days, a company analyst uses a software to fit a regression model of the form =y+52.3+−8.9x14.1x2+5x30.09x4 , where =y volume of gasoline used (in gallons) =x1 weight of truck (in tons) =x2 tire pressure (in psi, pounds per square inch) =x3 weight of initial package load (in hundreds of pounds) =x4 total distance driven while delivering packages (in miles) Answer the following questions for the interpretation of the coefficient of x1 in this model. Holding the other variables fixed, what is the average change in daily fuel used for each additional ton that a truck weighs? gallon(s) Is this change an increase or a decrease? increase decrease
In: Math
IN EXCEL Q1 The Krampf Lines Railway Company specializes in coal handling. On Friday, April 13, Krampf had empty cars at the following towns in the quantities indicated:
TOWN
SUPPLY OF CARS
Morgantown
35
Youngstown
60
Pittsburgh
25
By Monday, April 16, the following towns will need coal cars as follows:
TOWN
DEMAND FOR CARS
Coal Valley
30
Coaltown
45
Coal Junction
25
Coalsburg
20
Using a railway city-to-city distance chart, the dispatcher constructs a mileage table for the preceding towns. The result is shown in the table below. Minimizing total miles over which cars are moved to new locations, compute the best shipment of coal cars.
TO
COAL VALLEY
COALTOWN
COAL JUNCTION
COALSBURG
FROM
MORGANTOWN
50
30
60
70
YOUNGSTOWN
20
80
10
90
PITTSBURGH
100
40
80
30
In: Math
1) A utility airport is being planned to serve a small community. The visual runway is to be 3600 ft. long. Indicate whether or not the following objects will be considered obstructions to air navigation by the FAA. (HINT: 1 nautical mile = 6076 ft.)
a) A 220-ft radio tower that is not in the landing approach, located 3.1 miles from the airport reference point. The ground elevation at the tower is 25ft higher than the established airport elevation.
b) A planned 75-ft-high office building within the landing approach 1/2 mile from the end of the runway.
2) For the utility airport indicated above, what length of runway is required if the airport is located at 6000 ft above sea level and has a mean daily maximum temperature of 75°F? The effective gradient is 1.2 percent. The airport must accommodate small airplanes having more than 10 seats.
In: Civil Engineering
i Calculate the minimum DO level and its distance in miles downstream using the oxygen sag equation. Assume k1 = 0.046 per day and k2 = 0.304 per day. The saturation DO = 8.5mg/l. (1 mile = 5280ft)
ii At what distance downstream would the DO level of the river be equal to 6.10 mg/l?
iii How much should the wastewater DO be increased to maintain a minimum DO of 4.8mg/l anywhere along the river. Assuming that the BOD of the wastewater and the river flow remains the same?
In: Civil Engineering
SALESREP
|
SalesRepNo |
RepName |
HireDate |
|
654 |
Jones |
01/02/2005 |
|
734 |
Smith |
02/03/2007 |
|
345 |
Chen |
01/25/2004 |
|
434 |
Johnson |
11/23/2004 |
CUSTOMER
|
CustNo |
CustName |
Balance |
SalesRepNo |
|
9870 |
Winston |
500 |
345 |
|
8590 |
Gonzales |
350 |
434 |
|
7840 |
Harris |
800 |
654 |
|
4870 |
Miles |
100 |
345 |
In: Computer Science
Joe Henry's machine shop uses 2450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:
Annual demand 2,450
Holding cost per bracket per year $ 1.25
Order cost per order $ 18.25
Lead time 2 days
Working days per year 250
a.) Given the above information, what would be the economic order quantity (EOQ)?
b.) Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost?
c.) Given the EOQ, how many orders would be made each year? What would be the annual order cost?
d.) Given the EOQ, what is the total annual cost of managing the inventory?
e.) What is the time between orders?
f.) What is the reorder point (ROP)
In: Operations Management
Question 1
We wish to see if, on average, traffic is moving at the posted speed limit of 65 miles per hour along a certain stretch of Interstate 70. On each of four randomly selected days, a randomly selected car is timed and the speed of the car is recorded. The observed times were:
70 65 70 75
Assuming that speeds are normally distributed with mean m, is there evidence that the mean speed is not equal to the posted speed limit?
a. Check the needed conditions for both the test statistic and confidence interval. (Do not do a stemplot.)
b. State Ho and Ha.
c. Calculate the test statistic (if applicable – state the degrees of freedom)
d. Find the p-value.
e. What is the conclusion for this problem? Do you reject Ho?
f. Calculate the 95% confidence interval.
g. Interpret the confidence interval
In: Math
For each of the following, situations, indicate whether Kanban or MRP would be more effective.
In: Civil Engineering
Question 2 – ALL CALCULATIONS MUST BE SHOWN
A local theme park is losing money. The current price of admission is $60 per person with an average daily attendance of 750 people. You are an independent consultant employed to recommend a pricing strategy. The demand schedule estimated by the consultant is shown in the table below.
|
Price |
Quantity of tickets sold per day |
Elasticity |
|
0 |
1200 |
-- |
|
20 |
1050 |
|
|
40 |
900 |
|
|
60 |
750 |
|
|
80 |
600 |
|
|
100 |
450 |
|
|
120 |
300 |
|
|
140 |
150 |
|
|
160 |
0 |
Infinity |
a. Fill in the blanks in the table above. There are 7 empty cells [marked as 0.5 marks per cell correctly filled]. Use the point method (ΔQ/ΔP)*(P/Q) to calculate the own-price elasticity of demand. (3.5 marks)
b. As a consultant what would be your recommendation regarding pricing strategy? Should the theme park change the price from $60? Justify your answer based on the price elasticity of demand. .
c. From the information in the table write the equation for the daily demand for theme park tickets in price dependent form (P=a-bQ). (2.5 marks)
d. Use the midpoint method to calculate the price elasticity of demand from $85 to $90. Explain whether demand is price elastic or price inelastic and interpret the value of this elasticity.
e. Theme park customers are able to purchase a $15 photographic package. At the current ticket price of $60, 34% of customers purchase photographic packages. The theme park estimates that a $3 price increase in theme park tickets would result in a 20% reduction in photographic packages purchased. Provide the name of, and calculate the value of, this elasticity. Interpret its value. What does this elasticity value tell the theme park managers about the relationship between theme park ticket prices and photographic packages? How many customers would purchase the photographic packages if theme park tickets increased by $3?
In: Economics
A researcher has boiled her hypothesis test down to the following information.
H0: p=0.7, Ha: p<0.7, α=0.02 x=117, n=172
Find the p-value.
In: Statistics and Probability