Questions
1) The following data shows the yearly production data collected from firms in XYZ state and...

1) The following data shows the yearly production data collected from firms in XYZ state and ABC state.

Yearly production in tons

Number of Firms in XYZ

Number of Firms in ABC

50 - 150

9

35

150 - 250

10

40

250 - 350

11

56

350 - 450

40

62

450 - 550

56

78

550 - 650

68

55

650 - 750

110

53

750 - 850

125

52

850 - 950

98

44

950 - 1050

105

42

1050 -1150

25

48

1150 -1250

20

57

1250 -1350

18

40

1350 - 1450

5

38

1) Calculate:

  • the coefficient of variation for XYZ and ABC
  • the interquartile range for XYZ and ABC
  • the median for XYZ and ABC
  • the mode for XYZ and ABC
  • the variance for XYZ and ABC
  • mean deviation from the mean for XYZ and ABC

In: Economics

The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three...

The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes. The shoes are produced from four materials: cardstock, satin, plain fabric, and leather. The number of square inches of each type of material used in each model of shoe, the amount of material available, and the profit/model are shown below:

Material (measured in square inches)

Model 1

Model 2

Model 3

Material Available

Cardstock

  12

  10

  14

1,200

Satin

  24

  20

  15

2,000

Plain fabric

  40

  40

  30

7,500

Leather

  11

  11

  10

1,000

Profit per model

$50

$44

$40

  1. Identify the decision variables, objective function, and constraints in simple verbal statements.

  2. Mathematically formulate a linear optimization model.

  3. Please show Step 2 in Excel

In: Operations Management

5. Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are smaller...

5. Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are smaller and less expensive than the home consoles. The company only recently began producing the home model. Since the introduction of the new product, profits have been steadily declining. Management believes that the accounting system is not accurately allocating costs to products, particularly because sales of the new product have been increasing.

Management has asked you to investigate the cost allocation problem. You find that manufacturing overhead is currently assigned to products based on their direct labor costs. For your investigation, you have data from last year. Manufacturing overhead was $1,273,000 based on production of 340,000 handheld consoles and 106,000 home consoles. Direct labor and direct materials costs were as follows:

Handheld Home Total
Direct labor $ 1,213,250 $ 378,000 $ 1,591,250
Materials 770,000 708,000 1,478,000

Management has determined that overhead costs are caused by three cost drivers. These drivers and their costs for last year are as follows:

Activity Level
Cost Driver Costs Assigned Handheld Home Total
Number of production runs $ 495,000 35 10 45
Quality tests performed 570,000 13 17 30
Shipping orders processed 208,000 100 60 160
Total overhead $ 1,273,000

Required:

a. How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product? (Round "Total cost per unit" to 2 decimal places.)

overhead total cost per unit
handheld $ 8.07
home $ 15.07

b. How much overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product? (Do not round intermediate calculations. Round "Total cost per unit" to 2 decimal places.)

overhead total cost per unit
handheld
home

In: Accounting

A piece of wire of length 50 is​ cut, and the resulting two pieces are formed...

A piece of wire of length 50 is​ cut, and the resulting two pieces are formed to make a circle and a square. Where should the wire be cut to​ (a) minimize and​ (b) maximize the combined area of the circle and the​ square?

a) To minimize the combined​ area, the wire should be cut so that a length of ____ is used for the circle and a length of ____is used for the square. ​(Round to the nearest thousandth as​ needed.)

b) To maximize the combined​ area, the wire should be cut so that a length of ____is used for the circle and a length of ____is used for the square. (Round to the nearest thousandth as​ needed.)

In: Math

In JAVA Make a separate post (50 words or more for each) on two of the...

In JAVA

Make a separate post (50 words or more for each) on two of the following topics before the Initial Post due date.

Topics (choose two, separate post for each)

  • Before taking this course, how much exposure did you have to Exceptions?
  • Have you used Java Error classes in the past? Explain how you used them.
  • Are Checked Exception easy or hard to understand? How are they hard to figure out? What helps you understand how they work so that you can use them?
  • What is confusing or difficult about Java’s hierarchy of Exception classes?

In: Computer Science

Suppose, for simplicity, that there are two kinds of used cars in the market. Exactly 50%...

Suppose, for simplicity, that there are two kinds of used cars in the market. Exactly 50% of the cars are good cars worth $10,000, and 50% are bad cars (lemons) worth only $5,000. Also suppose that only the car owner truly knows the type of car that it is.

A.If both kinds of cars are sold, what is your expected value from buying a used car?

B.Now suppose that current owners of good cars (i.e., the sellers) have a reservation value of $8,500 (i.e., they’d rather keep a good quality car than sell it for less than $8,500). The sellers of bad cars value their cars at only $4,500. You know the reservation prices exist; however, you cannot distinguish the good sellers from the bad ones. If someone offers you a car at $6,500, do you buy it? Why or why not? C

C.What problem of asymmetric information is this exercise related to (be specific)?

In: Economics

Find the magnitude and direction of the resultant of two concurrent forces of 50 and 75...

Find the magnitude and direction of the resultant of two concurrent forces of 50 and 75 N acting on a body at angle of 50 degrees with each other Use the graphical method and the algerbraic method

In: Physics

complete a multiple regression and select the best mix of IV to explain game attendance. Once...

complete a multiple regression and select the best mix of IV to explain game attendance. Once you have the best mix of variables, accept or reject the nulls, create the formula for predicting the regression, lower 95% Confidence Interval and upper 95% Confidence Interval

Game Number Game Attendance Team Win/Loss Percentage Opponent Win/Loss Percentage Games Played Temperature
1 14,502 33.3 80 6 47
2 12,459 25 50 4 56
3 15,600 80 66.6 5 55
4 16,780 75 100 8 60
5 14,600 60 80 10 55
6 19,300 100 60 10 49
7 14,603 66.6 25 3 67
8 15,789 50 50 6 55
9 17,800 80 40 10 53
10 19,450 75 100 8 48
11 13,890 20 75 5 65
12 15,097 70 70 10 56
13 17,666 83.3 66.6 6 60
14 12,500 20 20 5 59
15 16,780 80 100 8 46
16 17,543 80 70 10 50
Football Attendance at State University
File: Football.xlsx
Column A: Game Number
Column B: Game Attendance
Column C: Win/Loss Percentage
Column D: Opponent Win/Loss Percentage
Column E: Games Played
Column F: Temperature

In: Statistics and Probability

Baker premium is a company producing buns in a rented factorywith the rental cost of...

Baker premium is a company producing buns in a rented factory with the rental cost of $100 per day. The wage per worker is $40 per day. The table below shows the daily amount of buns produced with a different number of workers employed in the factory

WorkersBuns

1

30
270
3130
4210
5260
6300
7320
8330

(a) Compute and explain the minimum price per bun for Baker Premium to operate in the short-run and in the long-run

(b) If the price per bun is $1.50, determine the optimal output and compute the daily profit or loss incurred by Baker Premium. Explain why this ouput is optimal

(c) Consider the utility company in a city which is the only licensed water supplier in the city. The demand for water is given by P = 10 - 0.006Q and the marginal cost of the company is given by MC = 2 + 0.004Q. Identify the optimal output, the market price, the consumer surplus, the producer surplus and the deadweight loss in the water market.

In: Economics

Two parallel rectangles having emissivities of 0.6 and 0.9 are each 1.2 meters wide and 2.4...

Two parallel rectangles having emissivities of 0.6 and 0.9 are each 1.2 meters wide and 2.4
meters high. They are positioned 0.6 meters apart. The plate with ? = 0.6 is at 1000 K while the other is
420 K. The surroundings are at 290 K and may be assumed to absorb all energy that escapes the two plates.
(a) What is the total energy lost (Watts) from the hotter plate (radiosity)?
(b) What is the radiant energy exchange (Watts) between the two plates?

In: Mechanical Engineering