Do owners of SUVs put more mils on their vehicles in a week than do owners of cars? To answer this question, the following data was collected.

Using α = 0.01, do SUV owners drive more? (Show all six steps of hypothesis testing.)

Write the equation (formula) for a residual and then calculate its value “by hand” for the observation in the data set whose distance between the fire and nearest fire station (in miles) is 3.0; show your work. Based on this value, was the observation overestimated (below average) or underestimated (above average) by the regression? Explain. See page 191 in the course text.

Mo Rocka is transferred to a new job by her employer. The transfer meets the distance and time tests. She incurs packing and moving expenses of $4,100. The cost of her lodging during the move is $650 and she spends $200 for meals during the move. She drives the 2,687 miles from her previous home to her new home (2017 mileage rate is $0.17 and the 2018 mileage rate is $0.18 per mile). She is reimbursed $5,000 for the cost of her move by her employer. Calculate Mo’s deductible moving expenses if:

The move took place in 2017 and she is employed by a private company: $__________

Suppose you manage a local grocery store, and you learn that a very popular national grocery chain is about to open a store just a few miles away. Use the model of monopolistic competition to analyze the impact of this new store on the quantity of output your store should produce (Q) and the price your store should charge (P). What will happen to your profits? Please show graphically and explain your reasoning in detail. For example, how and why do profits change? How can that be seen on the graph? What could you do to defend your market share against the new store?

Martin Works as a delivery person for a local restaurant. His job requires that he use his own personal car to deliver food to customers' homes. During 2016, Martin drives 4,300 business miles. His employer reimburses him $0.35 a mile for each business mile.

A.) Discuss the tax consequences of the $1,505 (4,300x$0.35) reimbursement Martin receives if his employer has an accountable reimbursement plan.

B.) Same as part A., except that the employer has a non-accountable reimbursment plan.

C.) What are the characteristics of an accountable reimbursement plan and what distinguishes it from a non-accountable plan?

Suppose you manage a local grocery store, and you learn that a very popular national grocery chain is about to open a store just a few miles away. Use the model of monopolistic competition to analyze the impact of this new store on the quantity of output your store should produce (Q) and the price your store should charge (P). What will happen to your profits? Please show graphically and explain your reasoning in detail. For example, how and why do profits change? How can that be seen on the graph?

What could you do to defend your market share against the new store?

1.       The Green Cab Company has a taxi waiting at each of four cabstands in Evanston, Illinois. Four customers have called and requested service. The distances, in miles, from the waiting taxis to the customers are given in the following table. Find the optimal assignment of taxis to customers so as to minimize total driving distances to the customers. Please show all steps/work

Jim Ohlson is leaving tomorrow for a three day business trip to Chicago and is trying to decide the most economical way to get to and from the airport and his home. Jim could either drive (using his own car) or take the shuttle. If Jim drives, then he estimates that it will cost $0.30 per mile driven in operating costs (e.g., for oil and gas) and $7.50 per day for parking. The one-way cost of the shuttle is $25. Jim’s home is exactly 30 miles from the airport.

Required:

What are the controllable costs for Jim’s decision? Write down the magnitude of the controllable costs for both decision options.

Assume that you are the project manager for the construction of a 15-mile road. Further assume that the work is uniformly distributed over 12 weeks. The total approved budget for this project is $600,000. At the end of the first three weeks of work $160,000 has been spent and five miles of road have been completed. At the end of the first three weeks, what do you think of the current status of the project in terms of cost and schedule? Describe the earned value analysis terms that you use and their formulas, and then calculate each metric. Then interpret your results. Important: there are more than 3 earned value metrics to calculate.