Questions
Homework 3: A car dealer pays $17,985 for each car purchased. The annual holding rate is...

Homework 3:

A car dealer pays $17,985 for each car purchased. The annual holding rate is estimated at 25%, and the ordering cost is $7,558. The dealer is selling an average of 516 cars a year.

3. Note the new information:

• The dealership can only park 45 cars in its small parking lot. Therefore, if needed, it will lease a nearby bigger parking lot, and use it to park access inventory.

• The dealer can get a discount of $1000 on the car's price if his order size is 275 cars or more.

3-1: If the dealer rejects the discount offer, what will be his order size?

a. 42 cars

b. 43 cars

c. 45 cars

d. None of the above.

3-2: If the dealer decides to accept the offer to order 275 cars, he uses the leased parking lot as a "Warehouse", and each time a car is sold from the small parking lot, he transfers a car from the leased large lot. Therefore, in his own lot, there are all the time 45 cars on display, but the inventory in the large lot is gradually depleting. What is the average inventory the dealership carry in the leased parking lot?

a. 275 cars    

b. 275/2 cars

c. 38+(275/2)      

d. 237/2

3-3 A car kept in the leased parking lot costs the dealer additional $250 in holding cost (which increases Ch¬). Calculate the annual total cost if the dealer decides to accept the "275" deal. Break down the costs: Annual Ordering cost, Annual Holding cost in the small parking lot, Annual Holding cost in the leased parking lot, Annual Purchasing cost. (not multiple choice, show work)

In: Accounting

Total Snowfall (inches) 11 18 18 13 22 22 21 30 24 Visitors 13 14 18...

Total Snowfall (inches)

11

18

18

13

22

22

21

30

24

Visitors

13

14

18

15

22

22

29

44

29

Total Snowfall (inches)

45

27

59

33

49

51

31

64

23

Visitors

36

37

42

43

47

51

49

61

51

Total Snowfall (inches)

Visitors

Total Snowfall and Number of Visitors at Yellowstone National Park

The table above shows the total snowfall (in inches) and the number of visitors to Yellowstone National Park during 18 randomly selected weeks. (Show all calculations)

1. Based on the variables involved in this relationship which variable do you think is the explanatory (x) variable and which is the response (y) variable?

2. Calculate the correlation between the two variables. r=

3. Interpret the full meaning of the correlation coefficient you calculated in #2, including direction, strength, and relationship between variables.

4. Calculate the average and SD for the variable you chose as the explanatory variable.

Average =

SD =

5. Calculate the average and SD for the variable you chose as the response variable.

Average=

SD=

6. Find the equation of the regression line that fits your data. Show all calculation.

7. Interpret the meaning of the slope of your regression model from question #6

8. Interpret the meaning of the y-intercept of your regression model from question #6. If there is no practical meaning, explain why.

9. Demonstrate how someone might use the regression model you found in question #6 to predict the value of a response variable. That is, plug a hypothetical x-value in your model and explain what it predicts.

In: Statistics and Probability

Your client, Ben McDonald, has written you about his tax situation. Please assume that gross income...

Your client, Ben McDonald, has written you about his tax situation. Please assume that gross income is $172,900 (which consists only of salary) for purposes of this problem.

December 31, 2016

Dear ***** *****, CPA:

Hi, it’s Ben McDonald again. I understand you need some more information from me in order to complete my tax return. Please let me know what information you need and I’ll be happy to provide it.

I moved this year due to taking a job at SwissLog. The move was in late January and I worked my job at SwissLog for the rest of the year. I moved 650 miles away from my old house but I still live in the same state. I left a little bit early to go on a house-hunting trip that cost me a total of $450. I hired a moving company to move our stuff at a cost of $2,300, and I drove Junior in my car. Junior and I got a hotel room along the way that cost us $65. We spent $35 on meals on the way to our new home. Oh yeah, I took my little boy to a movie on the way and that cost $20.

Can you believe I’m still paying off my student loans, even after 15 years? I paid a total of $900 in interest on my old student loans this year.

Since SwissLog (my employer) never started a retirement plan, I decided I should probably start saving for my golden years. I contributed $3,000 to what the bank referred to as a regular IRA (or was it a REM?). Oh yeah. I also did a little investing this year. I bought a limited partnership interest in IGlow, Ltd. for $10,000. I thought it was going to be a real winner, but this year they took a bath. My portion of the loss was $8,000. Well, at least I did not actually do any work for IGlow, and I get the tax deduction - right?

That should be all the information you need right now. Please calculate my adjusted gross income and complete page 1 of Form 1040. You’re still doing this for free, right?

Sincerely,

Ben

Required: calculate Ben’s AGI and complete the 1st page of the 1040 form (forms can be downloaded from the IRS website).

In: Accounting

Below are four bivariate data sets and the scatter plot for each. (Note that each scatter...

Below are four bivariate data sets and the scatter plot for each. (Note that each scatter plot is displayed on the same scale.) Each data set is made up of sample values drawn from a population.

x y
1.0 10.0
2.0 9.0
3.0 8.0
4.0 7.0
5.0 6.0
6.0 5.0
7.0 4.0
8.0 3.0
9.0 2.0
10.0 1.0

x

1

2

3

4

5

6

7

8

9

10

11

y

1

2

3

4

5

6

7

8

9

10

11

0

Figure 1
            
u v
1.0 7.3
2.0 9.1
3.0 7.2
4.0 5.3
5.0 8.0
6.0 5.2
7.0 4.2
8.0 7.1
9.0 6.2
10.0 3.6

u

1

2

3

4

5

6

7

8

9

10

11

v

1

2

3

4

5

6

7

8

9

10

11

0

Figure 2
w t
1.0 2.5
2.0 4.3
3.0 3.6
4.0 5.3
5.0 4.5
6.0 7.1
7.0 5.9
8.0 7.6
9.0 6.9
10.0 8.1

w

1

2

3

4

5

6

7

8

9

10

11

t

1

2

3

4

5

6

7

8

9

10

11

0

Figure 3
            
m n
1.0 3.8
2.0 6.7
3.0 8.0
4.0 8.8
5.0 9.6
6.0 9.8
7.0 9.0
8.0 8.0
9.0 6.7
10.0 4.0

m

1

2

3

4

5

6

7

8

9

10

11

n

1

2

3

4

5

6

7

8

9

10

11

0

Figure 4

Answer the following questions. The same response may be the correct answer for more than one question.

1. Which data set indicates the strongest negative linear relationship between its two variables? Choose onethe x, y data setthe u, v data setthe w, t data setthe m, n data set
2. In which data set is there evidence of a strong nonlinear relationship between the two variables? Choose onethe x, y data setthe u, v data setthe w, t data setthe m, n data setnone of the data sets
3. Which data set indicates a perfect positive linear relationship between its two variables? Choose onethe x, y data setthe u, v data setthe w, t data setthe m, n data setnone of the data sets
4. Which data set has an apparent positive, but not perfect, linear relationship between its two variables? Choose onethe x, y data setthe u, v data setthe w, t data setthe m, n data setnone of the data sets

In: Statistics and Probability

An automobile manufacturer has given its jeep a 56.7 miles/gallon (MPG) rating. An independent testing firm...

An automobile manufacturer has given its jeep a 56.7 miles/gallon (MPG) rating. An independent testing firm has been contracted to test the actual MPG for this jeep since it is believed that the jeep has an incorrect manufacturer's MPG rating. After testing 160 jeeps, they found a mean MPG of 56.4. Assume the population variance is known to be 4.41. A level of significance of 0.05 will be used. State the null and alternative hypotheses.

In: Statistics and Probability

For each of the following pairs of variables, indicate if you would expect the direction to...

For each of the following pairs of variables, indicate if you would expect the direction to be positive or negative.

(a) SAT score and College GPA for students.

Distance from the equator and average January temperature for US cities.

Age at death and weekly cigarette consumption

(b) Airfare and distance to destination

Number of miles driven and asking price for a used Honda Civic listed for sale.

Number of classes missed and overall course score in a class.

In: Statistics and Probability

Using PHP, Create a form that uses the method POST to send the information. The form...

Using PHP, Create a form that uses the method POST to send the information. The form should capture the distance the package needs to travel with the one field for the distance in miles.
All fields should have the REQUIRED attribute.
The form should have a submit button and reset button.
The form should look nice. All the labels should line up horizontally and all the
INPUTS/SELECT should line up horizontally.

In: Computer Science

Write a C++ program that calculates mileage reimbursement for a salesperson at a rate of $...

Write a C++ program that calculates mileage reimbursement for a salesperson at a rate of $ 0.35 per mile. Your program should interact with the user in this manner:

MILEAGE REIMBURSEMENT CALCULATOR

Enter beginning odometer reading: 13505.2

Enter ending odometer reading     : 13810.6

You traveled 305.40 miles.

At $ 0.35 per mile, your reimbursement is $ 106.89.

The values in red color are inputs for the program.

The values in blue color are results of expressions.

In: Computer Science

I need the steps for this problem. If a runner (perpendicular area = 0.6 m2; fluid...

I need the steps for this problem. If a runner (perpendicular area = 0.6 m2; fluid density = 1.14 kg/m3; Cd = 0.5) completes a marathon (26.2 miles) in three hours, while running against a 10-mph headwind throughout the race, how much more work will she have performed against the air, relative to completing the marathon in the same time on a still day (no wind)? Answer: ~395 KJ

In: Physics

Define the exception class called TornadoException. The class should have two constructors including one default constructor....

Define the exception class called TornadoException. The class should have two constructors including one default constructor. If the exception is thrown with the default constructor, the method getMessage should return "Tornado: Take cover immediately!" The other constructor has a single parameter, m, of int type. If the exception is thrown with this constructor, the getMessage should return "Tornado: m miles away; and approaching!" Write a Java program to test the class TornadoException.

In: Computer Science