1. Suppose Mary has an income of $315 per month and eats out for $15 a dinner and sees movies at a cost of $9 per movie.
a.Explain why you do not need to graph her budget constraint to determine the slope, given the information above. What is the value of the slope of the budget constraint?
b.Suppose Mary finds a new job and now makes $360 per month. However, her local movie theater raises ticket prices to $12. Draw Mary’s new budget constraint, with the quantity of movies on the vertical axis and dinners on the horizontal axis, appropriately labeling the values for the x-intercept and y-intercept.
c.Is it feasible for Mary to go out to dinner 12 times and go to the movies 17 times during the month with her new income? Explain your answer.
In: Economics
Given the following table of grades:
|
Grades |
A |
B |
C |
D |
F |
Totals |
|
Males |
17 |
8 |
14 |
11 |
3 |
53 |
|
Females |
12 |
11 |
13 |
6 |
5 |
47 |
|
Totals |
29 |
19 |
27 |
17 |
8 |
100 |
a. What is the probability that a randomly selected student got an A or B?
b. What is the probability that if a student was female that they got a passing grade?
c. What is the probability of a female student given that they got a “B”?
4. The Edward’s Theater chain has studied its movie customers to determine how much money they spend on concessions. The study revealed that the spending distribution is approximately normally distributed with a mean of $4.11 and a standard deviation of $1.37. What percentage of customers will spend less than $3.00 on concessions? Use the Z-tables in the textbook.
In: Statistics and Probability
1. What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets?
a. The cost of manufacturing corporate jets rises
b. Reduced corporate earnings lead to cuts in travel budgets and increase the share of expenditures on corporate jet travel.
2. Since the movie, Avatar, 3-D movies have been popular and charged at a higher price, compared with the traditional 2-D movies.
a. Please analyze the impact of 3-D movies on Price elasticity of demand on 2-D movies
Please answer all of the two questions by one paragraph for each sub-question in one posting.
b. Total revenue (including 2-D and 3-D movies) of theater box offices
In: Economics
(a) The price elasticity of demand for smoke grinders in response to changes in the price of purpletts is -2. What formula and concept will we use to study the change in quantity demanded of smoke grinders to a change in price of purpletts? What the -2 elasticity of demand tells us about the goods purpletts and smoke grinders? (b) Given the table below, answer the following question. The quantity demanded of which good decreases the most during a recession (when incomes decrease)?
Given the table below ( income elasticity of demand), answer the following question.
Total brand cereal = 0.3, eclipse galsses = -1.5, office chairs = 0, theater tickets = 4, heart shaped pillows = 2
The quantity demanded of which good decreases the most during a recession (when incomes decrease)?
In: Economics
Georgia Movie Company has a capital structure with 43.00% debt and 57.00% equity. The cost of debt for the firm is 8.00%, while the cost of equity is 15.00%. The tax rate facing the firm is 35.00%.
The firm is considering opening a new theater chain in a local college town. The project is expected to cost $12.00 million to initiate in year 0. Georgia Movie expects cash flows in the first year to be $3.45 million, and it also expects cash flows from the movie operation to increase by 4.00% each year going forward. The company wants to examine the project over a 10.00-year period.
What is the NPV of this project? (express answer in millions, so 1,000,000 would be 1.00)
Submit
Answer format: Currency: Round to: 2 decimal places.
In: Finance
In: Operations Management
You and a group of friends are planning to visit a theme park, which charges $60 for admission, $80 for a two-day pass, and $90 for a three-day pass. Your friends are interested in spending a lot of time there, but they’re worried about paying a lot of money. You explain the concept of marginal cost, which helps them see that the additional day is a good value.
1. The average cost per day of a three-day pass
is $ per person.
2. The marginal cost of adding the third day
is $ per person.
3. If there are 6 people in your group, the group's marginal cost of switching from the two-day pass to the three-day pass is $ .
In: Economics
A 115 kg seal at an amusement park slides from rest down a ramp into the pool below. The top of the ramp is 2.00 m higher than the surface of the water and the ramp is inclined at an angle of 26.5 ∘ above the horizontal.
Part A
Part complete
If the seal reaches the water with a speed of 4.55 m/s, what is the work done by kinetic friction?
Express your answer using three significant figures.
Part B
What is the coefficient of kinetic friction between the seal and the ramp?
In: Physics
The health of the bear population in Yellowstone National Park is monitored by
periodic measurements taken from anesthetized bears. In a sample of 100 bears, the mean weight was found to be 185 lbs. Assume that ơ (population standard deviation) is known to be 125 lbs, use a 0.03 significance level to test the claim that the population mean weight of bears is equal to 210 lbs.
(a) µ £ .210 (b) µ ³ .185 (c) µ = 185 (d) µ = 210
(A) Ho: µ ³ 210 H1: µ < 210 (b) Ho: µ = 210 H1: µ ≠ 210
(c) Ho: µ ≠ 210 H1: µ = 210 (d) Ho: µ £ 185 H1: µ > 185
(a) 2.00 (b) 0.0228 (c) -2.00 (d) .0456
(a) 0.0228 (b) 0.456 (c) -2.00 (d) 0.0456
show work
In: Statistics and Probability
|
An amusement park studied methods for decreasing the waiting time (minutes) for rides by loading and unloading riders more efficiently. Two alternative loading/unloading methods have been proposed. To account for potential differences due to the type of ride and the possible interaction between the method of loading and unloading and the type of ride, a factorial experiment was designed. Use the following data to test for any significant effect due to the loading and unloading method, the type of ride, and interaction. Use a=.05 . Factor A is method of loading and unloading; Factor B is the type of ride.
Set up the ANOVA table (to whole number, but p-value to 2 decimals and F value to 1 decimal, if necessary).
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In: Statistics and Probability