The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows:
|
Year |
1 |
2 |
3 |
4 |
5 |
|
Mileage |
3,050 |
4,050 |
3,450 |
3,750 |
3,750 |
a)Using a 2-year moving average, the
forecast for year 6 (round your response to the nearest whole
number)?.
b) If a 2-year moving average is used to make the
forecast, the MAD based on this (round your response to one decimal
place). (Hint: You will have only 3 years of matched
data.)?
c)The forecast for year 6 using a weighted
2-year moving average with weights of 0.40 and 0.60 (the weight of
0.60 is for the most recent period) = miles (round your response to
the nearest whole number).?
The MAD for the forecast developed using a weighted 2-year moving
average with weights of 0.40 and 0.60 (round your response to one
decimal place). (Hint: You will have only 3 years of matched
data.)?
d) Using exponential smoothing with alpha ? 0.30 and the forecast for year 1 being 3,050, the forecast for year 6 (round your response to the nearest whole number).?
In: Finance
Do heavier cars really use more gasoline? Suppose a car is chosen at random. Let x be the weight of the car (in hundreds of pounds), and let y be the miles per gallon (mpg).
| x | 29 | 47 | 29 | 47 | 23 | 40 | 34 | 52 |
| y | 29 | 20 | 25 | 13 | 29 | 17 | 21 | 14 |
given Σx = 301, Σy = 168, Σx2 = 12,089, Σy2 = 3802, Σxy = 5906, and r ≈ −0.907.
Find x, and y. Then find the equation of the least-squares line = a + bx. (Round your answers for x and y to two decimal places. Round your answers for a and b to three decimal places.)
=
+ ???? x
Find the value of the coefficient of determination r2. What percentage of the variation in y can be explained by the corresponding variation in x and the least-squares line? What percentage is unexplained? (Round your answer for r2 to three decimal places. Round your answers for the percentages to one decimal place.)
| r2 = | |
| explained | ? % |
| unexplained | ?% |
(f) Suppose a car weighs x = 31 (hundred pounds). What
does the least-squares line forecast for y = miles per
gallon? (Round your answer to two decimal places.)
? mpg
In: Statistics and Probability
Toby used 40 pounds of fertilizer that she bought in bulk ($1,000 for 2,000 pounds). It took her employee 1.5 hours to spread the fertilizer (she is paid $15/hour) with the motorized spreader. Toby paid $4,000 for the spreader three years ago and it is estimated to last 10 years or 10,000 pounds. To get to the job site, a company truck and trailer was used (cost: $40,000 expected to last 10 years or 200,000 miles, the site visit was 30 miles round trip). This was the only use of the truck, trailer, and spreader for that day. Additional employee costs include 10% payroll tax and $730 per year in worker’s compensation insurance. You may assume an employee works 2,000 hours per year and Toby currently charges $2.12 per pound to spread fertilizer. Calculate the ROI for this job using the Dupont method, compare this to the RI (assuming a 10% required return). What is the required return to earn zero RI? Find this rate using Excel’s Solver function. Given this information, what would your recommendation to Toby be regarding the maximum interest rate on a loan for expanding the fertilizer operation? PLEASE SHOW FORMULAS IN EXCEL
In: Accounting
A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized:
y = β0 + β1x + ε
where
The following data were collected during rush hour for six highways leading out of the city.
| Traffic Flow (y) |
Vehicle Speed (x) |
|---|---|
| 1,257 | 35 |
| 1,327 | 40 |
| 1,226 | 30 |
| 1,333 | 45 |
| 1,350 | 50 |
| 1,122 | 25 |
In working further with this problem, statisticians suggested the use of the following curvilinear estimated regression equation.
ŷ = b0 + b1x + b2x2
(a)
Develop an estimated regression equation for the data of the form
ŷ = b0 + b1x + b2x2.
(Round b0 to the nearest integer and b1 to two decimal places and b2 to three decimal places.)ŷ =
Find the value of the test statistic. (Round your answer to two decimal places.)
Find the p-value. (Round your answer to three decimal places.)
p-value =
Base on the model predict the traffic flow in vehicles per hour at a speed of 38 miles per hour. (Round your answer to two decimal places.)
vehicles per hour
In: Statistics and Probability
Using the Motor Trend Car Road Tests dataset mtcars, in faraway R package, fit a model with mpg: Miles/(US) gallon as the response and the other variables as predictors. (a) Which variables are statistically significant at the 5% level? For each and every test provide the null and alternative hypotheses, critical region (or rejection region), test statistics and your conclusions. (30) (b) What interpretation should be given to the coefficient for vs: Engine? (3) (c) Compute 90 and 95% confidence intervals for the parameter associated with hp: Gross horsepower and interpret the results. (6) (d) Compute and display a 95% joint confidence region for the parameters associated with wt: Weight (1000 lbs) and hp: Gross horsepower. Plot the origin on this display. The location of the origin on the display tells us the outcome of a certain hypothesis test. State that test and its outcome. (5) (e) Fit a model with just mpg: Miles/(US) gallon; cyl: Number of cylinders; and disp: Displacement (cu.in.) as predictors and use an F-test to compare it to the full model. For this test provide the null and alternative hypotheses, critical region (or rejection region), test statistics and your conclusions. Please use R, Dataset mtcars(faraway)
In: Statistics and Probability
Lafayette Public School System has three high schools to serve a district divided into five areas. The capacity of each high school, the student population in each area, and the distance (in miles) between each school and the center of each area are listed in the table below:
|
AREA |
Aceland High School |
Bloomington High School |
Capedot High School |
High School Student Population |
|
North |
1.8 |
2.4 |
0.5 |
800 |
|
South |
2.5 |
1.5 |
3 |
1200 |
|
East |
4 |
3 |
2.5 |
800 |
|
West |
2.7 |
4 |
1.9 |
600 |
|
Central |
1.8 |
2.2 |
1.6 |
700 |
|
High School CAPACITY |
2500 |
1900 |
1000 |
(Part a - 8 points) Formulate and list the linear program for the above problem to minimize the total student-miles traveled per day. You do NOT need to solve your listed linear program.
(Part b - 2 points) If Capedot High School will be closed to conserve the school system’s resources and its budget, how will you efficiently revise your linear program to cope with this school closing?
Please use Word or something to write your answer and show work. Thank you very much! :D
In: Math
In: Operations Management
At a rock concert, a dB meter registered 125 dB when placed 2.9 m in front of a loudspeaker on the stage. The intensity of the reference level required to determine the sound level is 1.0×10−12W/m2.
A)What was the power output of the speaker, assuming uniform spherical spreading of the sound and neglecting absorption in the air?
B) How far away would the sound level be 86 dB ?
In: Physics
In the figure, two particles, each with mass m = 0.77 kg, are fastened to each other, and to a rotation axis at O, by two thin rods, each with length d = 5.2 cm and mass M = 1.0 kg. The combination rotates around the rotation axis with angular speed ? = 0.32 rad/s. Measured about O, what is the combination's (a) rotational inertia and (b) kinetic energy?
In: Physics
A mixture containing hydrogen and ammonia has a volume of 183.0 cm3 at 0.00 C and 1.0 atm. The mixture is cooled to the temperature of liquid nitrogen at which ammonia freezes out and the remaining gas is removed from the vessel. Upon warming the vessel to 0.00 C and 1 atm, the volume is 80.0 cm3. Using the ideal gas law, calculate the mole fraction of NH3 in the original mixture.
In: Chemistry