Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,000 copies. The cost of one copy of the book is $13. The holding cost is based on an 16% annual rate, and production setup costs are $135 per setup. The equipment on which the book is produced has an annual production volume of 25,000 copies. Wilson has 250 working days per year, and the lead time for a production run is 17 days. Use the production lot size model to compute the following values:
Minimum cost production lot size. Round your answer to the nearest whole number. Do not round intermediate values. Q* =
Number of production runs per year. Round your answer to two decimal places. Do not round intermediate values.
Number of production runs per year =
Cycle time. Round your answer to two decimal places. Do not round intermediate values.
T = days
Length of a production run. Round your answer to two decimal places. Do not round intermediate values.
Production run length = days
Maximum inventory. Round your answer to the nearest whole number. Do not round intermediate values.
Maximum inventory =
Total annual cost. Round your answer to the nearest dollar. Do not round intermediate values.
Total annual cost = $
Reorder point. Round your answer to the nearest whole number. Do not round intermediate values.
r =
In: Statistics and Probability
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,800 copies. The cost of one copy of the book is $13.5. The holding cost is based on an 21% annual rate, and production setup costs are $135 per setup. The equipment on which the book is produced has an annual production volume of 27,000 copies. Wilson has 250 working days per year, and the lead time for a production run is 14 days. Use the production lot size model to compute the following values:
In: Operations Management
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 6,900 copies. The cost of one copy of the book is $13. The holding cost is based on an 15% annual rate, and production setup costs are $155 per setup. The equipment on which the book is produced has an annual production volume of 21,500 copies. Wilson has 250 working days per year, and the lead time for a production run is 15 days. Use the production lot size model to compute the following values:
A. Minimum cost production lot size. Round your answer to the nearest whole number. Do not round intermediate values.
Q* =
B. Number of production runs per year. Round your answer to two decimal places. Do not round intermediate values.
Number of production runs per year =
C. Cycle time. Round your answer to two decimal places. Do not round intermediate values.
T = days
D. Length of a production run. Round your answer to two decimal places. Do not round intermediate values.
Production run length = days
E. Maximum inventory. Round your answer to the nearest whole number. Do not round intermediate values.
Maximum inventory =
F. Total annual cost. Round your answer to the nearest dollar. Do not round intermediate values.
Total annual cost = $
G. Reorder point. Round your answer to the nearest whole number. Do not round intermediate values.
r =
In: Operations Management
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,700 copies. The cost of one copy of the book is $13. The holding cost is based on an 20% annual rate, and production setup costs are $165 per setup. The equipment on which the book is produced has an annual production volume of 27,000 copies. Wilson has 250 working days per year, and the lead time for a production run is 17 days. Use the production lot size model to compute the following values:
In: Finance
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,600 copies. The cost of one copy of the book is $13.5. The holding cost is based on an 20% annual rate, and production setup costs are $135 per setup. The equipment on which the book is produced has an annual production volume of 24,500 copies. Wilson has 250 working days per year, and the lead time for a production run is 15 days. Use the production lot size model to compute the following values:
In: Operations Management
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,400 copies. The cost of one copy of the book is $12.5. The holding cost is based on an 14% annual rate, and production setup costs are $140 per setup. The equipment on which the book is produced has an annual production volume of 22,500 copies. Wilson has 250 working days per year, and the lead time for a production run is 16 days. Use the production lot size model to compute the following values:
In: Math
Major League Baseball (MLB) consists of teams that play in the American League and the National League. MLB collects a wide variety of team and player statistics. Some of the statistics often used to evaluate pitching performance are as follows:
The following data show values for these statistics for a random sample of 20 pitchers from the American League for a season.
| Player | Team | W | L | ERA | SO/IP | HR/IP | R/IP | |||||
| Verlander, J | DET | 24 | 5 | 2.39 | 0.99 | 0.09 | 0.29 | |||||
| Beckett, J | BOS | 13 | 7 | 2.90 | 0.92 | 0.11 | 0.35 | |||||
| Wilson, C | TEX | 16 | 7 | 2.94 | 0.93 | 0.07 | 0.39 | |||||
| Sabathia, C | NYY | 19 | 8 | 3.00 | 0.98 | 0.08 | 0.38 | |||||
| Haren, D | LAA | 16 | 10 | 3.17 | 0.80 | 0.08 | 0.39 | |||||
| McCarthy, B | OAK | 9 | 9 | 3.31 | 0.71 | 0.06 | 0.43 | |||||
| Santana, E | LAA | 11 | 12 | 3.39 | 0.77 | 0.12 | 0.42 | |||||
| Lester, J | BOS | 15 | 9 | 3.46 | 0.95 | 0.10 | 0.39 | |||||
| Hernandez, F | SEA | 14 | 14 | 3.47 | 0.95 | 0.07 | 0.43 | |||||
| Buehrle, M | CWS | 13 | 9 | 3.58 | 0.54 | 0.10 | 0.44 | |||||
| Pineda, M | SEA | 9 | 10 | 3.74 | 1.00 | 0.11 | 0.43 | |||||
| Colon, B | NYY | 8 | 10 | 4.00 | 0.82 | 0.14 | 0.51 | |||||
| Tomlin, J | CLE | 12 | 7 | 4.26 | 0.55 | 0.16 | 0.47 | |||||
| Pavano, C | MIN | 9 | 13 | 4.30 | 0.47 | 0.10 | 0.54 | |||||
| Danks, J | CWS | 8 | 12 | 4.34 | 0.78 | 0.10 | 0.51 | |||||
| Guthrie, J | BAL | 9 | 17 | 4.34 | 0.64 | 0.12 | 0.55 | |||||
| Lewis, C | TEX | 14 | 10 | 4.41 | 0.83 | 0.18 | 0.51 | |||||
| Scherzer, M | DET | 15 | 9 | 4.44 | 0.90 | 0.15 | 0.53 | |||||
| Davis, W | TB | 11 | 10 | 4.45 | 0.58 | 0.12 | 0.52 | |||||
| Porcello, R | DET | 14 | 9 | 4.75 | 0.56 | 0.10 | 0.56 | |||||
An equation given below is an estimated regression equation developed to predict the average number of runs given up per inning pitched (R/IP) given the average number of strikeouts per inning pitched (SO/IP) and the average number of home runs per inning pitched (HR/IP) (to 3 decimals). Enter negative value as negative number.
+ +
a. Use the test to determine the overall significance of the relationship.
Compute test statistic (to 2 decimals). Use F table.
The -value is - Select your answer -less than .01between .01 and .025between .025 and .05between .05 and .10greater than .10Item 5
What is your conclusion at the level of significance?
There - Select your answer -is notisItem 6 a significant overall relationship.
b. Use the test to determine the significance of each independent variable.
Compute the test statistic for the significance of SO/IP (to 2 decimals). Enter negative value as negative number. Use t table.
The -value is - Select your answer -less than .01between .01 and .025between .025 and .05between .05 and .10greater than .10Item 8
What is your conclusion at the level of significance?
SO/IP - Select your answer -is notisItem 9 significant.
Compute the test statistic for the significance of HR/IP (to 2 decimals).
The -value is - Select your answer -less than .01between .01 and .025between .025 and .05between .05 and .10greater than .10Item 11
What is your conclusion at the level of significance?
HR/IP - Select your answer -is notisItem 12 significant.
In: Statistics and Probability
In the carnival game Under-or-Over-Seven, a pair of fair dice is rolled once, and the resulting sum determines whether the player wins or loses his or her bet. For example, using method one, the player can bet $2.00 that the sum will be under 7, that is, 2, 3, 4, 5, or 6. For this bet, the player wins $2.00 if the result is under 7 and loses $2.00 if the outcome equals or is greater than 7. Similarly, using method two, the player can bet $2.00 that the sum will be over 7, that is, 8, 9, 10, 11, or 12. Here, the player wins $2.00 if the result is over 7 but loses $2.00 if the result is 7 or under. A third method of play is to bet $2.00 on the outcome 7. For this bet, the player wins $8.00 if the result of the roll is 7 and loses $2.00 otherwise.
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a. Construct the probability distribution representing the different outcomes that are possible for a $2.00 bet using method one.
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(Type an exact answer in simplified form.)
b. Construct the probability distribution representing the different outcomes that are possible for a $2.00 bet using method two.
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P(X) |
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(Type an exact answer in simplified form.)
c. Construct the probability distribution representing the different outcomes that are possible for a $2.00 bet using method three.
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P(X) |
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(Type an exact answer in simplified form.)
d. What is the expected long-run profit (or loss) to the player for each of the three methods of play?
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Method one expected profit (or loss) |
muμ |
equals= |
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Method two expected profit (or loss) |
muμ |
equals= |
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Method three expected profit (or loss) |
muμ |
equals= |
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$(Round to the nearest cent as needed.) |
In: Statistics and Probability
Interior Exterior
Units sold 3,200 1,800
Selling price $ 125 $ 200
Direct material cost per unit $ 30 $ 45
Direct manufacturing labor cost per hour $ 16 $ 16
Direct manufacturing labor-hours per unit 1.50 2.25
Production runs 40 85
Material moves 72 168
Machine setups 45 155
Machine-hours 5,500 4,500
The owners have heard of other companies in the industry that are now using an activity-based costing system and are curious how an ABC system would affect their product costing decisions. After analyzing the indirect cost pool for Open Doors, four activities were identified as generating indirect costs: production scheduling, material handling, machine setup and assembly. Open Doors collected the following data related to the indirect cost activities:
Activity Activity Cost Activity Cost Driver
Production scheduling $95,000 Production runs
Material handling $45,000 Material moves
Machine setup $25,000 Machine setups
Assembly $60,000 Machine-hours
1. Calculate the cost of an interior door and an exterior door under the existing simple costing system(Plant-Wide OH Rate)
2. Calculate the cost of an interior door and an exterior door under an activity-based costing system
In: Accounting
A 1" pipe buried 2' deep runs 40' from house to outhouse. Frost depth = 3', so a trickle must flow.
a) Say it's laminar flow, at 75% of the velocity needed to make Re=2100. Find that velocity, gal/day carried. Use p=1.94slug/ft^3, m= 2.2*10^-5 lb-sec/ft^2 in this and the following Re problems.
b) Find the head loss hl=hp and the pressure drop (psi) over the l=40'
In: Civil Engineering