7. The director of career advising at Rutgers want to use decision analysis to provide information to help students decide which degree program they should pursue. The director has set up the following payoff table for 6 of the most popular and successful degree programs at RU that shows the estimated (projected) 5-year gross income that an average student graduating with each degree for 4 future economic conditions can expect:

Determine the best degree program (a decision under uncertainty) in terms of the projected income, using the following decision criteria:

• Maximax
• Maximin
• Equal Likelihood
• Minimax Regret
• Hurwicz with α = .25

If further it has been determined that the probability of each future economic condition is given by:

p(recession)=.45, p(average)=.35, p(good)=.15, p(robust)=.05.   

Use expected value to determine the best degree program (a decision under risk presuming equally likely futures) in terms of projected income. If you were the director of career advising which degree program would you recommend (in particular, do you agree with optimizing the expected payoff or some other criteria)?

Select a company in your pathway that maintains an inventory. Don't use a company that someone has already used. Please put the company's name as the subject of your post. (No posting the company name only to hold it. You must make a full post or I will delete it.) Access a recent (less than 12 months) annual 10-K report for the company using the SEC Edgar search tool or Yahoo or Google finance. Review the report and in and in a minimum of three paragraphs, tell us the following: 1. When the report was filed and the time period it covers, indicating specific dates. 2. What are the company's major product lines? 3. What inventory methods do they use? (Hint: see the Notes of the financial statements) 4. List the major components of the inventory and their values. 5. Include two other items that you found interesting about the financial statements. Examples of businesses in pathways could be: • AHCD: Dance, Theater, Film production, Social media, Graphics design or architecture business • Business: Accounting office, caterer, advertising firm, dry cleaner, restaurant, any business is acceptable • Education: K-12 tutoring, Child care, Charter schools • Health Sciences: Dr. or Dentist office, PT office, Hospital, Insurance co, • IMCT: Engineering Co., Aviation maintenance, Aviation distribution, Supply Chain Management • Public Safety: Law office, PI, Equipment providers for the industry • STEM: Engineering Co., Vet. Office, Computer Services co. • SGSHS: Psychology office, Non-profit agencies, Social Media

4)

Long Beach, CA has a city center that is located on the waterfront. If sea-level increases submerge a portion of the city center, then we expect that

Select one:

a. there will be excess labor supply

b. household bids for residential land will shift upward

c. wages will increase

d. the residential territory will grow

5)

Suppose we have a monocentric city. If a zoning policy is enacted that limits the height of buildings at the city center to the current height of buildings 2 miles from the city center, then which of the following is notexpected to occur

Select one:

a. households will decrease their bid for residential land

b. firms will decrease their bid for business land

c. wages for labor will increase

d. demand for labor will decrease

Identify each of the following quantities as a vector or a scalar quantity. Select the appropriate term from the dropdown beside each sentence.

A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized.

y=b0+b1X+E

where
y= traffic flow of vehicles per hour
X= vehicle speed in miles per hour

The following data were collected during rush hour for six highways leading out of the city.

a) the following Regression equation
y=___________+__________x (2 decimals)
b) use a=0.05 significance
s=________________ (4 decimals)
r2= ______________
r2 adj= ________________

A car company says that the mean gas mileage for its luxury sedan is at least 22 miles per gallon (mpg). You believe the claim is incorrect and find that a random sample of 6 cars has a mean gas mileage of 19 mpg and a standard deviation of 5 mpg. At alpha equals 0.05, test the company's claim. Assume the population is normally distributed.

A. Which sampling distribution should be used and why?

B. What is the value of the standardized test statistic?

The standardized test statistic is=

C. What is the critical value?

Critical value=

D. What is the outcome and the conclusion of this test?

____Ho. At the 10% significance level, there is _____evidence to ______ the car company's claim that the mean gas mileage for the luxury sedan is at least ….

A container ship is heading for port on a fixed course of
30° (=    60°). The captain sets the autopilot and the ship is making 20 Knots (20 Nautical Miles per hour) relative to the water.
• For the first hour, there are no currents affecting the passage of the ship.

• For the second hour there is a current of 4 Knots flowing in direction
30° (= 300°).
• For the third hour there is a current of 6 Knots flowing in direction
15° (= 105°).
Assuming that the full force of any current acts on the ship:

a) How far does the ship travel in the first hour? (1 mark)

b) Sketch the situations for the second and third hour and introduce your vectors
in words.

c) Calculate the speed that the ship makes in the second hour.

d) Calculate the speed that the ship makes in the third hour.

Jackson, a self-employed taxpayer, uses his automobile 82% for business and during 2020 drove a total of 27,600 business miles. Information regarding his car expenses is listed below.

What is Jackson's deduction in 2020 for the use of his car if he uses:

If required, round your answers to nearest dollar.

a. The actual cost method?

answer is not 12875, thank you.

1. A machine precision-cuts tubing such that μ = 38.00 in. and σ = 0.03 in. If the lengths are normally distributed, find the probability that a piece of tubing selected at random measures as follows. (Round your answers to four decimal places.)

   (a) greater than 38.05 in.
   
   
   (b) less than 38.045 in.
   
   
   (c) between 37.95 and 38.05 in.

2. A certain model of automobile has its gas mileage (in miles per gallon, or mpg) normally distributed, with a mean of 32 mpg and a standard deviation of 4 mpg. Find the probability that a car selected at random has the following gas mileages. (Round your answers to four decimal places.)

   (a) less than 30 mpg
   
   
   (b) greater than 38 mpg
   
   
   (c) between 26 and 38 mpg

Does octane matter: Octane is a measure of how much fuel can be compressed before it spontaneously ignites. Some people believe that higher-octane fuels result in better gas mileage for their cars. The number of miles driven for various drivers until the car ran out of gas was recorded. Does high-octane fuel result in better gas mileage? Use significance level 0.05. (Paired samples).