A bakery must decide how many pies to prepare for the upcoming weekend. The bakery has the option to make 50, 100, or 150 pies. Assume that demand for the pies can be 50, 100, or 150. Each pie costs $5 to make and sells for $7. Unsold pies are donated to a nearby charity center. Assume that there is no opportunity cost for lost sales.

7) Refer to the information above.

a. Which alternative should be chosen based on the maximax criterion?

b. Which alternative should be chosen based on the maximin criterion?

c. Which alternative should be chosen based on the Lapalce criterion?

d. Which alternative should be chosen based on criterion of realism with alpha = 0.8?

e. Which alternative should be chosen based on the minimax regret criterion?

(PLEASE ANSWER IN EXCEL SPREADSHEET)

Consider the following data for a dependent variable y and two independent variables, x₁ and x₂.

Round your all answers to two decimal places. Enter negative values as negative numbers, if necessary.

a. Develop an estimated regression equation relating y to x₁.

ŷ =_________ +___________ x₁

Predict y if x₁ = 45.

ŷ = ____________

b. Develop an estimated regression equation relating y to x₂.

ŷ =__________ +____________ x₂

Predict y if x₂ = 15.

ŷ = ___________

c. Develop an estimated regression equation relating y to x₁ and x₂.

ŷ =________ +___________ x1________ +____________ x2

Predict y if x₁ = 45 and x₂ = 15.

ŷ = __________

Consider the following data for a dependent variable y and two independent variables, x₁and x₂.

Round your all answers to two decimal places. Enter negative values as negative numbers, if necessary.

a. Develop an estimated regression equation relating y to x₁.

ŷ =  +  x₁

Predict y if x₁= 35.

ŷ =

b. Develop an estimated regression equation relating y to x₂.

ŷ =  +  x₂

Predict y if x₂= 25.

ŷ =

c. Develop an estimated regression equation relating y to x₁and x₂.

ŷ =  +  x1 +  x2

Predict y if x₁= 35 and x₂= 25.

ŷ =

A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour.

• Solution inputs are numbers only, no symbols. Percentage is kept as 0.76 instead of 76%.
• Numbers can be in the format of either 3000 or 3,000; 0.95 or .95
• Keep two decimals if not exact, do not round. For example, 3.24923... will be kept as 3.24, but the exact value of 0.625 will be kept as 0.625

1. If each activity is performed by a different person, with four employees, what would be the maximum number of loan applications the office can process per day?    And what is the office's direct labor utilization (DLU) ?  

2. Activities B and C are combined together and assigned to two employees, while the other two employees are responsible for activities A and D respectively. What would be the maximum number of loan applications the office can process per day?    And what is the office's direct labor utilization (DLU) ?  

3. The office now has only three employees, activities B and C are combined together and assigned to one employee, while the other two employees are responsible for activities A and D respectively. Under this setting, what would be the maximum number of loan applications the office can process per day?    And what is the office's direct labor utilization (DLU) ?  

4. The office now has only three employees, activities A, B and C are combined together and assigned to two employees, while the other employee is responsible for the last activity D . Under this setting, what would be the maximum number of loan applications the office can process per day?    And what is the office's direct labor utilization (DLU) ?  

5. With three employees, every employee can perform any activity and more than one activity. Under this setting, What would be the maximum number of loan applications the office can process per day?   And what is the office's direct labor utilization (DLU) ?  

There are seven tasks in an assembly line, from which a product with a relative stable demand is produced. The time needed for each task (in minutes) and the relationships among tasks are in the graph below (note that activity C is linked to activity D). The assembly line operates 8 hours a day. The daily customer demand for the product is 100 units. Please design/balance this assembly line, so that supply and demand would be matched the most efficiently way possible.

• A (5) ----> B (3) ----> D (1) ----> E (1) -----> F (2) ------> G(4)
• C (2)------------------>

1. What is the desired cycle time (in minutes) of the balanced assembly line? (Keep two decimals if not exact, do not round. For example, 3.24923... will be kept as 3.24)  
2. Assumed the desired cycle time is 5 minutes, please used the assumed CT value to calculate the minimum number of workstations needed (round up to an integer number) for line-balancing, in order to achieve the best process efficiency.  
3. Assumed the desired cycle time is 5 minutes, please used the assumed CT value to balance the assembly line using the greatest positional weight rule. Which tasks would be assigned to the last workstation? (Letter only, NO space or comma between letters, e.g., ABDE)

Natalie is struggling to keep up with the recording of her accounting transactions. She is spending a lot of time marketing and selling mixers and giving her cookie classes. Her friend John is an accounting student who runs his own accounting service. He has asked Natalie if she would like to have him do her accounting.

John and Natalie meet and discuss her business. John suggests that he do the following for Natalie.

1.   Hold onto cash until there is enough to be deposited. (He would keep the cash locked up in his vehicle). He would also take all of the deposits to the bank at least twice a month.

2.   Write and sign all of the checks.

3.   Record all of the deposits in the accounting records.

4.   Record all of the checks in the accounting records.

5.   Prepare the monthly bank reconciliation.

6.   Transfer all of Natalie’s manual accounting records to his computer accounting program. John maintains all of the accounting information that he keeps for his clients on his laptop computer.

7.   Prepare monthly financial statements for Natalie to review.

8.   Write himself a check every month for the work he has done for Natalie.

Instructions

1. Identify the weaknesses in internal control that you see in the system that John is recommending. NOTE: Be specific and address the 8 issues presented.
2. Suggest any improvements to the Internal Controls if John is hired to do Natalie’s accounting? Specifically address the weaknesses identified.

Suppose μ₁ and μ₂ are true mean stopping distances at 50 mph for cars of a certain type equipped with two different types of braking systems. The data follows: m = 8,x = 115.8, s₁ = 5.06, n = 8, y = 129.5, and s₂ = 5.35. Calculate a 95% CI for the difference between true average stopping distances for cars equipped with system 1 and cars equipped with system 2. (Round your answers to two decimal places.)

Consider the data presented in the table:

a. What is the marginal propensity to consume for households in this economy?

Instructions: Enter a numerical value rounded to two decimal places as necessary

b. Based on the assumptions of our aggregate expenditure model, fill in the columns for planned investment, government spending, and net exports.

Instructions: Enter numerical values into the table. Enter whole numbers only.

What is this type of expenditure called?

• Autonomous expenditure

• Equilibrium expenditure

• Income-dependent expenditure

• Dependent expenditure

c. For each level of actual aggregate expenditure, calculate unplanned inventory investment.

Instructions: Enter numerical values into the table. Enter whole numbers only. If the value is negative, you must enter a minus sign.

d. What is the equilibrium level of aggregate expenditure in this economy?

Instructions: Enter a numerical value rounded to two decimal places as necessary.

e. For each level of actual aggregate expenditure, label the future output tendency as “increase,” “decrease,” or “same” based on what you expect to happen to future output.

Instructions: Fill in the last column of the table.

f. At the equilibrium level of aggregate expenditure, which of the following are true?

Instructions: Click each box to empty the box and then click each box to select the correct answers. There may be more than one correct answer.

• Firms have no incentive to change the level of their output.unanswered
• Unplanned investment is positive.unanswered
• Unplanned investment is zero.unanswered
• Consumption is maximized.unanswered

This is the last question in the assignment. To submit, use Alt + S. To access other questions, proceed to the question map button.Ne

Example of a Long-Term Goal: Beginning January 2020, contribute $600 per month (2,000 per year) to my Roth IRA for 40 years earning a rate of 8% per year for an ending balance of $518,113 on December 31, 2060. (This example used a time value of money calculation of N = 40, PMT = 2000, I = 8%)

Based upon this example, create two other long term goals.

Attention: I had earlier asked the same but the solution was not clear,Kindly show all the workings explicitly.

1) Your friend grabs a die at random from a drawer containing two 6 -sided dice,one 8-sided,and one 12-sided die.

She rolls the die once and reports that the result is 7.

a) Make a discrete Bayes table showing the prior ,likelihood,and posterior for the type of die rolled given the data.

b) What are your posterior odds that the die has 12 sides?

c) Given the data of the first roll,what is your probability that the next roll will be a 7?

Q4.(15) One random sample of the height of one type of tree was recorded.
7, 9 ,10, 7 ,12 ,10, 8, 13 ,15, 9
1.(5) Apply the backward empirical rule to check normality of the data, and conclude if any evidence of non-normality.
2.(5) Assume the height of the tree is normal, calculate the 99% two-sided confidence interval for the true population average height.
3.(5) Assume that we know the population variance σ^2=9,
and we request the bound on the error of estimation of 99% confidence interval to be 2, find the minimum sample size n.