"Correlation/Regrision QB"

A researcher wants to determine the relationship between Father’s IQ (X) and Son’s IQ (Y). The researcher selects 16 fathers and measures their IQ and one of each of their son’s IQ. The data are presented below.
Father’s IQ: 144,   136,   132,   125,   119,   117,   115,   112,   108,   101,   98,    97,   91,   90,   88,   87
Son’s IQ:      134,   142,   122,   130,   115,   117,   110,     95,   112,   100,   83, 106,   87,   89,   89,   97

1) What is the value of the relationship between Father’s IQ and Son’s IQ (Round to three decimal places)?  

4) What is the value of the observed test statistic (t) used to determine whether, in the population, this relationship is significantly different from zero (Round to three decimal places)?  

5) Assuming that you want to maximize the power of the test and are interested in whether the relationship is positive or negative, what is the critical value used to compare the observed test statistic (t) in order to determine whether this relationship is significantly different from zero?

8)If appropriate, calculate the proportion of variation in Son's IQ that is accounted for by Father's IQ (Round to two decimal places). If it is not appropriate to calculate this, input 999.

Consider the following 6 months of returns for 2 stocks and a portfolio of those 2​stocks:

​Note:  The portfolio is composed of​ 50% of Stock A and​ 50% of Stock B.  

1. What is the expected return and standard deviation of returns for each of the two​ stocks?

1. 0.00176; 0.00176
2. 0.04195; 0.04195
3. 0.05985; 0.06953
4. 0.07985; 0.09767
5. None of the above

2. What is the expected return and standard deviation of returns for the​ portfolio?

1. 5; 0
2. 1.5; 0.5
3. 1.5; 0.75
4. 2.5; 1
5. 2.5; 1.25

3. Is the portfolio more or less risky than the two​ stocks? Why?

1. The portfolio is more risky than the two stocks. It has the same expected return but a standard deviation of 0, compared to standard deviations of 0.04195for both stocks.
2. The portfolio is less risky than the two stocks. It has the same expected return but a standard deviation of 0.04195, compared to standard deviations of 0 for both stocks.
3. The portfolio is less risky than the two stocks. It has the same expected return but a standard deviation of 1, compared to standard deviations of 0.04195for both stocks.
4. The portfolio is less risky than the two stocks. It has the same expected return but a standard deviation of 0, compared to standard deviations of 0.04195for both stocks.
5. The portfolio is less risky than the two stocks. It has the same expected return but a standard deviation of 1.25, compared to standard deviations of 0.04195for both stocks.

There are two unmarked cups named M and N. Each cup has 5 mL of a white powder. One contains baking soda, the other washing soda. There is also 50 mL of a monoprotic acid and water. Determine which substance is baking soda and which is washing soda.

How would I determine this?

Hard Rock Cafe: Operations Management in Services

In its 48 years of existence, Hard Rock has grown from a modest London pub to a global power managing 163 restaurants, 23 hotels/casinos, and live music venues. This puts Hard Rock firmly in the service industry—a sector that employs over 75% of the people in the U.S. Hard Rock moved its world headquarters to Orlando, Florida, in 1988 and has expanded to more than 50 locations throughout the U.S., serving over 100,000 meals each day. Hard Rock chefs are modifying the menu from classic American— burgers and chicken wings—to include higher-end items such as stuffed veal chops and lobster tails. Just as taste in music changes over time, so does Hard Rock Cafe, with new menus, layouts, memorabilia, services, and strategies.

At Orlando’s Universal Studios, a traditional tourist destination, Hard Rock Cafe serves over 3,500 meals each day. The cafe employs about 400 people. Most are employed in the restaurant, but some work in the retail shop. Retail is now a standard and increasingly prominent feature in Hard Rock Cafes (since close to 48% of revenue comes from this source). Cafe employees include kitchen and wait staff, hostesses, and bartenders. Hard Rock employees are not only competent in their job skills but are also passionate about music and have engaging personalities. Cafe staff is scheduled down to 15-minute intervals to meet seasonal and daily demand changes in the tourist environment of Orlando. Surveys are done on a regular basis to evaluate quality of food and service at the cafe. Scores are rated on a 1-to-7 scale, and if the score is not a 7, the food or service is a failure.

Hard Rock is adding a new emphasis on live music and is redesigning its restaurants to accommodate the changing tastes. Since Eric Clapton hung his guitar on the wall to mark his favourite bar stool, Hard Rock has become the world’s leading collector and exhibitor of rock ‘n’ roll memorabilia, with changing exhibits at its cafes throughout the world. The collection includes 70,000 pieces, valued at $40 million. In keeping with the times, Hard Rock also maintains a Web site, www.hardrock.com, which receives more than 100,000 hits per week, and a weekly cable television program on VH1. Hard Rock’s brand recognition, at 92%, is one of the highest in the world.

Source: Adapted from J. Heizer, B. Render, and C. Munson (2020) Operations Management: Sustainability and Supply Chain Management, Global Edition, 13/E, Pearson

In every successful brand such as Hard Rock, there must be strong contributions and coordination among different functions to make an operation successfully runs smoothly. Many of the decisions made by operations managers are dependent on information from the other functions. At the same time, other functions cannot be carried out properly without information from operations. Referring case above, kindly answer the questions below:

Q1. How does Marketing function contribute towards the success of Hard Rock operations?

Apply 5W1H writing strategy - Who, What, Where, When, Why, and How
explanation and give and example.

Hard Rock Cafe: Operations Management in Services

In its 48 years of existence, Hard Rock has grown from a modest London pub to a global power managing 163 restaurants, 23 hotels/casinos, and live music venues. This puts Hard Rock firmly in the service industry—a sector that employs over 75% of the people in the U.S. Hard Rock moved its world headquarters to Orlando, Florida, in 1988 and has expanded to more than 50 locations throughout the U.S., serving over 100,000 meals each day. Hard Rock chefs are modifying the menu from classic American— burgers and chicken wings—to include higher-end items such as stuffed veal chops and lobster tails. Just as taste in music changes over time, so does Hard Rock Cafe, with new menus, layouts, memorabilia, services, and strategies.

At Orlando’s Universal Studios, a traditional tourist destination, Hard Rock Cafe serves over 3,500 meals each day. The cafe employs about 400 people. Most are employed in the restaurant, but some work in the retail shop. Retail is now a standard and increasingly prominent feature in Hard Rock Cafes (since close to 48% of revenue comes from this source). Cafe employees include kitchen and wait staff, hostesses, and bartenders. Hard Rock employees are not only competent in their job skills but are also passionate about music and have engaging personalities. Cafe staff is scheduled down to 15-minute intervals to meet seasonal and daily demand changes in the tourist environment of Orlando. Surveys are done on a regular basis to evaluate quality of food and service at the cafe. Scores are rated on a 1-to-7 scale, and if the score is not a 7, the food or service is a failure.

Hard Rock is adding a new emphasis on live music and is redesigning its restaurants to accommodate the changing tastes. Since Eric Clapton hung his guitar on the wall to mark his favourite bar stool, Hard Rock has become the world’s leading collector and exhibitor of rock ‘n’ roll memorabilia, with changing exhibits at its cafes throughout the world. The collection includes 70,000 pieces, valued at $40 million. In keeping with the times, Hard Rock also maintains a Web site, www.hardrock.com, which receives more than 100,000 hits per week, and a weekly cable television program on VH1. Hard Rock’s brand recognition, at 92%, is one of the highest in the world.

Source: Adapted from J. Heizer, B. Render, and C. Munson (2020) Operations Management: Sustainability and Supply Chain Management, Global Edition, 13/E, Pearson

In every successful brand such as Hard Rock, there must be strong contributions and coordination among different functions to make an operation successfully runs smoothly. Many of the decisions made by operations managers are dependent on information from the other functions. At the same time, other functions cannot be carried out properly without information from operations. Referring case above, kindly answer the questions below:

How does Finance/Accounting function contribute towards the success of Hard Rock operations?

Apply 5W1H writing strategy - Who, What, Where, When, Why, and How
explanation and give and example.

Hard Rock Cafe: Operations Management in Services

In its 48 years of existence, Hard Rock has grown from a modest London pub to a global power managing 163 restaurants, 23 hotels/casinos, and live music venues. This puts Hard Rock firmly in the service industry—a sector that employs over 75% of the people in the U.S. Hard Rock moved its world headquarters to Orlando, Florida, in 1988 and has expanded to more than 50 locations throughout the U.S., serving over 100,000 meals each day. Hard Rock chefs are modifying the menu from classic American— burgers and chicken wings—to include higher-end items such as stuffed veal chops and lobster tails. Just as taste in music changes over time, so does Hard Rock Cafe, with new menus, layouts, memorabilia, services, and strategies.

At Orlando’s Universal Studios, a traditional tourist destination, Hard Rock Cafe serves over 3,500 meals each day. The cafe employs about 400 people. Most are employed in the restaurant, but some work in the retail shop. Retail is now a standard and increasingly prominent feature in Hard Rock Cafes (since close to 48% of revenue comes from this source). Cafe employees include kitchen and wait staff, hostesses, and bartenders. Hard Rock employees are not only competent in their job skills but are also passionate about music and have engaging personalities. Cafe staff is scheduled down to 15-minute intervals to meet seasonal and daily demand changes in the tourist environment of Orlando. Surveys are done on a regular basis to evaluate quality of food and service at the cafe. Scores are rated on a 1-to-7 scale, and if the score is not a 7, the food or service is a failure.

Hard Rock is adding a new emphasis on live music and is redesigning its restaurants to accommodate the changing tastes. Since Eric Clapton hung his guitar on the wall to mark his favourite bar stool, Hard Rock has become the world’s leading collector and exhibitor of rock ‘n’ roll memorabilia, with changing exhibits at its cafes throughout the world. The collection includes 70,000 pieces, valued at $40 million. In keeping with the times, Hard Rock also maintains a Web site, www.hardrock.com, which receives more than 100,000 hits per week, and a weekly cable television program on VH1. Hard Rock’s brand recognition, at 92%, is one of the highest in the world.

Source: Adapted from J. Heizer, B. Render, and C. Munson (2020) Operations Management: Sustainability and Supply Chain Management, Global Edition, 13/E, Pearson

In every successful brand such as Hard Rock, there must be strong contributions and coordination among different functions to make an operation successfully runs smoothly. Many of the decisions made by operations managers are dependent on information from the other functions. At the same time, other functions cannot be carried out properly without information from operations. Referring case above, kindly answer the questions below:

How does Operations function contribute towards the success of Hard Rock operations?

Apply 5W1H writing strategy - Who, What, Where, When, Why, and How
explanation and give and example.

Hard Rock Cafe: Operations Management in Services

In its 48 years of existence, Hard Rock has grown from a modest London pub to a global power managing 163 restaurants, 23 hotels/casinos, and live music venues. This puts Hard Rock firmly in the service industry—a sector that employs over 75% of the people in the U.S. Hard Rock moved its world headquarters to Orlando, Florida, in 1988 and has expanded to more than 50 locations throughout the U.S., serving over 100,000 meals each day. Hard Rock chefs are modifying the menu from classic American— burgers and chicken wings—to include higher-end items such as stuffed veal chops and lobster tails. Just as taste in music changes over time, so does Hard Rock Cafe, with new menus, layouts, memorabilia, services, and strategies.

At Orlando’s Universal Studios, a traditional tourist destination, Hard Rock Cafe serves over 3,500 meals each day. The cafe employs about 400 people. Most are employed in the restaurant, but some work in the retail shop. Retail is now a standard and increasingly prominent feature in Hard Rock Cafes (since close to 48% of revenue comes from this source). Cafe employees include kitchen and wait staff, hostesses, and bartenders. Hard Rock employees are not only competent in their job skills but are also passionate about music and have engaging personalities. Cafe staff is scheduled down to 15-minute intervals to meet seasonal and daily demand changes in the tourist environment of Orlando. Surveys are done on a regular basis to evaluate quality of food and service at the cafe. Scores are rated on a 1-to-7 scale, and if the score is not a 7, the food or service is a failure.

Hard Rock is adding a new emphasis on live music and is redesigning its restaurants to accommodate the changing tastes. Since Eric Clapton hung his guitar on the wall to mark his favourite bar stool, Hard Rock has become the world’s leading collector and exhibitor of rock ‘n’ roll memorabilia, with changing exhibits at its cafes throughout the world. The collection includes 70,000 pieces, valued at $40 million. In keeping with the times, Hard Rock also maintains a Web site, www.hardrock.com, which receives more than 100,000 hits per week, and a weekly cable television program on VH1. Hard Rock’s brand recognition, at 92%, is one of the highest in the world.

Source: Adapted from J. Heizer, B. Render, and C. Munson (2020) Operations Management: Sustainability and Supply Chain Management, Global Edition, 13/E, Pearson

In every successful brand such as Hard Rock, there must be strong contributions and coordination among different functions to make an operation successfully runs smoothly. Many of the decisions made by operations managers are dependent on information from the other functions. At the same time, other functions cannot be carried out properly without information from operations. Referring case above, kindly answer the questions below:

How does Information System function contribute towards the success of Hard Rock operations?

Apply 5W1H writing strategy - Who, What, Where, When, Why, and How
explanation and give and example.

Modern Metalworks Company has two? departments, milling and assembly. The company uses a job costing system with a plantwide cost driver rate that is computed by dividing plantwide overhead costs by total plantwide practical capacity direct labor hours. The following cost and practical capacity estimates are for? October:

The following information pertains to job 714, which was started and completed during? October:

Requirements

(a) Determine the cost of job 714. ?

(b) Suppose that instead of using the plantwide cost driver? rate, the company uses machine hours as the cost driver for the applying overhead costs in the milling? department, and uses direct labor hours as the cost driver in the assembly department. Compute these departmental cost driver rates and determine the cost of job 714 using these rates.

(c) Using the costs you computed in parts a and b, determine the bid price that Modern Metalworks will quote under each cost system if it uses a 25% markup on total manufacturing cost.

(d) Provide reasons why Modern Metalworks might prefer the method in part a or the one in part b.

Estimates

PrintDone

Job information

You are looking at replacing your Widget producing machine for $8,500,000. This will last for 9 year at which point it could be salvaged for $3,200,000. The old machine could be sold today for $3,000,000 and could be salvaged for $750,000 in 9 years. The quantity of widgets produced will be 10,000 units per year. The variable costs for producing each widget will be $49 and the annual fixed costs for production will be $300,000. The project will require you to incur an increase in net working capital of $150,000 which you can reclaim at the end. The machine is in the 25% CCA bracket, and the tax rate is 35%. Debt A is in the form of 15 year bonds with annual compounding. The bonds have a 7% coupon rate and are priced at $955.86 with a face value of $1,000. Debt B is in the form of 10 year zero coupon bonds with annual compounding and a face value of $1,000. These bonds are currently selling for $452.61. Your company is financed by two kinds of equity and two kinds of debt. The debt to equity ratio is 1.3. The value of equity A is twice that of equity B. The value of debt A is 80% of that of debt B. The correlation between the returns on Equity A and the market is 0.75 and the variance of the market returns is 0.001348 while the variance of the returns on equity A is 0.004054. The market risk premium is 8% and the risk free rate is 2.5%. Equity B is expected to pay a dividend of $3.33 one year from now. The growth rate in dividends is 2.5% and the stock is priced at $37. The floatation costs on class A equity are 6%, the floatation costs on class B equity are 5.5%, the floatation costs on class A debt are 4% and the floatation costs on class B debt are 3.5%.
What is the minimum price you should sell the widgets