Questions
Question 2 – ​​​​​​​​​​ Concord Air Express decided to offer direct service from Cleveland to Myrtle...

Question 2 – ​​​​​​​​​​
Concord Air Express decided to offer direct service from Cleveland to Myrtle Beach. Management must decide between a full-price service using the company’s new fleet of jet aircraft and a discount service using smaller capacity commuter planes. It is clear that the best choice depends on the market reaction to the service Concord Air offers. Management developed estimates of the contribution to profit for each type of service based upon two possible levels of demand for service to Myrtle Beach: strong and weak. The following table shows the estimated quarterly profits (in thousands of dollars):
Demand for Service
Service
Strong
Weak
Full Price
$960
-$490
Discount
$670
$320
a) What is the decision to be made, what is the chance event, and what is the consequence for this problem? How many decision alternatives are there? How many outcomes are there for the chance event?
b) If nothing is known about the probabilities of the chance outcomes, what is the recommended decision using the optimistic, conservative, and minimax regret approaches?
c) Suppose that management of Myrtle Air Express believes that the probability of strong demand is 0.7 and the probability of weak demand is 0.3. Use the expected value approach to determine an optimal decision.
d) Suppose that the probability of strong demand is 0.8 and the probability of weak demand is 0.2. What is the optimal decision using the expected value approach?
e) Use graphical sensitivity analysis to determine the range of demand probabilities for which each of the decision alternatives has the largest expected value.

In: Mechanical Engineering

how many miles of Al(CN)3 are in 197g of the compo

how many miles of Al(CN)3 are in 197g of the compo

In: Chemistry

The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly...


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:

Year12345
Mileage3,0503,9503,5003,8503,700


 a) Using a 2-year moving average, the forecast for year 6= _______  miles (round your response to the nearest whole number).

In: Accounting

Bridgeport Company purchased a delivery truck for 27,000 on January 1,2020. The truck has an expected...

Bridgeport Company purchased a delivery truck for 27,000 on January 1,2020. The truck has an expected salvage value 1,500, and is expected to be driven 102,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,800 in 2020 and 14,300 in 2021

Compute depreciation expense for 2020 and 2021 using the straight-line method, the units-of-activity method, and the double-declining-balance method

In: Accounting

question/ Total U.S. farmland occupies 954 million acres. How many square miles is this? (l acre...

question/

Total U.S. farmland occupies 954 million acres. How many square miles is this? (l acre 43,560 ft2, I mile 5280 ft).

Total U.S. land area is 3.537 million square miles. What per-centage Of U.S. land is farmland?

I post this question in Chegg but they give me wrong answer , please I want write answer with detales and explaination

In: Chemistry

A random sample of 30 Suffolk University employees had an average commute length of 13.5 miles,...

A random sample of 30 Suffolk University employees had an average commute length of 13.5 miles, with a standard deviation of 7.5 miles. What is the 90% confidence interval for the mean commute length of all Suffolk employees? Use 4 non-zero decimal places in your calculations.

(a) Find the tα/2 , df

(b) Find σx

(c) Find the margin of error (MoE) and construct the confidence interval

In: Statistics and Probability

linton company purchased a delivery truck for 33.000 on january 1 2017 the truck has an...

linton company purchased a delivery truck for 33.000 on january 1 2017 the truck has an expected salvage value of 1,300 and is expected to be driving 109,000 miles over its esitmated useful of life of 9 years. acutal miles driving were 15,400 for 2017 and 12,500 in 2018 what is the depreication expense for 2017 and 2018 using the stright line method , the unit of activity method and the decling balance method

In: Accounting

Cliffs of Insanity Point is located 194 miles from the Pedimaxus International Airport at a bearing...

Cliffs of Insanity Point is located 194 miles from the Pedimaxus International Airport at a bearing of N8.7ºE. The wind is blowing from the southeast to the northwest at 23 miles per hour. What speed and bearing should the pilot take so that she makes the trip in 2 hours? Round the speed to the nearest hundredth of a mile per hour and your angle to the nearest tenth of a degree.

speed = mph

bearing=   

In: Advanced Math

QUESTION 5       The Layton Tire and Rubber Company wishes to set a minimum mileage guarantee on...

QUESTION 5      

The Layton Tire and Rubber Company wishes to set a minimum mileage guarantee on its new MX100 tire. Tests reveal the mean mileage is 67900 with a standard deviation of 2050 miles and that the distribution of miles follows the normal distribution. They want to set the minimum guarantee mileage so that no more than 4 percent of tires will be replaced. What minimum guaranteed mileage should Layton announce?

In: Statistics and Probability

Biking Vectors Solution(Mastering Physics Chapter 03: Motion in Two Dimensions)

A student bikes to school by traveling first dN = 1.10 miles north, then dW = 0.500 miles west, and finally dS = 0.200 miles south.

Part A

 If a bird were to start out from the origin (where the student starts) and fly directly (in a straight line) to the school, what distance db would the bird cover?

Part B 

 Let the vector dN be the displacement vector corresponding to the 1st leg of the trip. Express dN in component form.

Part C 

 For the 2nd leg (dW):

Part D 

 For the 3rd leg (dS):

Part E 

 The displacement vector for the bird, db can be written as dN + dW + dS. Express this vector in component form:

Part F 

 Find φ, the angle North of West of the path followed by the bird.

In: Physics