the physicians in problem 3-36 have been ap-proached by a market research firm that offers to perform a study of the market at a fee of $5,000. the market researchers claim their experience enables them to use bayes' theorem to make the following statements of probability: probability of a favorable market given a favorable study = 0.82 probability of an unfavorable market given a favorable study = 0.18 probability of a favorable market given an unfavorable study = 0.11 probability of an unfavorable market given an unfavorable study = 0.89 probability of a favorable research study = 0.55 probability of an unfavorable research study = 0.45 (a) develop a new decision tree for the medical pro-fessionals to reflect the options now open with the market study. (b) use the emv approach to recommend a strategy. (c) what is the expected value of sample informa-tion? how much might the physicians be willing to pay for a market study? (d) calculate the efficiency of this sample

For questions 15-20, consider a box with 3 red and 5 blue balls. 15. If one ball is drawn at random, what is the probability that the color is red? The probability that you pick a red ball is 3/8. 3 red, 5 blue 3+5=8 Therefore, 3/8. https://canvas.park.edu/files/5516027/download?download_frd=1&verifier=6xdC2s8YTdrrfONH1TZPJUK9jRKzh2UmtaqIbg9y 16. If two balls are drawn at random, what is the probability that both are red? Utilizing the tree... P (R X R)=(3/8) (2/7) 17. Two balls are drawn at random. If it is known that the first one is red, then what is the probability that the second one is red? 18. If two balls are drawn at random, what is the probability that they have the same color? 19. If two balls are drawn at random, what is the probability that they have different colors? 20. If three balls are drawn at random, what is the probability that at least one of them is blue?

Consider this scenario:

Your friend starts a website, nothingbutflags.com, which is not making money. Your friend asks you to help generate more traffic.

You ask your friend how much traffic the website had last month? And your friend replies and says only 500 visits. You also ask how many flags did you sell? Your friend replies only 10, from two purchases. So what do you advise your friend?

Know this information, what do you advise your friend?

1)Please submit what you think the highest priority issues is with the scenario laid out?

2)Actions to resolve what you have identified as the highest priority issue.

When advising you friend, consider also advising them on how to be successful in terms of generating website traffic and conversion:

Traffic: Direct, Unpaid referral, Paid referral, Unpaid search traffic, Paid search traffic.

Conversion: Purchase, Lead, Engagement, Account creation, Click-through.

The following data show the rankings of 11 states based on expenditure per student (ranked 1 highest to 11 lowest) and student-teacher ratio (ranked 1 lowest to 11 highest). Use Table 1 of Appendix B.

a. What is the rank correlation between expenditure per student and student-teacher ratio (to 2 decimals). Enter negative values as negative numbers.

Rs=

b. At the .05 significance level, does there appear to be a relationship between expenditure per student and student-teacher ratio?

z=

-p value is? (to 4 decimals)

Conclusion:
- Select your answer -We can conclude that there is a significant relationship.We cannot conclude that there is a significant relationship.

Given three possible investments in a company, an appropriate return for each would be: Capital creditor  6%7%8% , Preference share  7%8%6% , Common share  7%8%6% .

The reason why capital creditors have the  smallestlargestmiddle return is because  they get paid first and take the highest riskthey get paid first and take the lowest riskthey get paid last and take the highest riskthey get paid last and take the lowest risk . If you wish to have voting rights for a company's board of directors, you need to be a  preference shareholdercommon shareholdercapital creditor .

Part B

Company A has a share price of $0.02, $0 of earnings and 1 million shares outstanding. Company B has a share price of $200, $200 million in earnings and 20 million in shares outstanding. Company C has a share price of $36, $600,000 in earnings and 1 million in shares outstanding.

Given the above information,  Company BCompany CCompany A is the most expensive company and  Company ACompany BCompany C is the most likely to be a value stock.

Hill Marble buys and then resells a single product. The product, a marble, is a commodity and is subject to rather severe cost fluctuations. Some information concerning Hill Marble inventory activity during the month of June 2020 follows:

June 2          Had 860 units on hand, @ $7 per unit

June 6          Sold 400 units

June 8          Purchased 1,000 units @ $11 per unit

June 12         Purchased 400 units @ $9 per unit

June 15         Sold 600 units

June 21         Purchased 300 units @ $6 per unit

June 24         Sold 800 units

June 30         Purchased 100 units @ $8 per unit

Required:

Hill Marble uses a periodic inventory system. Calculate cost of goods sold (in both units and cost) for the month of June 2020 and ending inventory (units and cost) at June 30, 2020:

1. FIFO.                                                                                                                    
2. LIFO.                                                                                                                     
3. Which method resulted in the highest cost of goods sold for June?                          
4. Which one will provide the highest ending inventory value for Hill's balance sheet?

Alternative Inventory Methods Nevens Company uses a periodic inventory system. During November, the following transactions occurred: Date Transaction Units Cost/Unit November 1 Balance 500 $3.50 8 Sale 350 13 Purchase 300 4.00 21 Purchase 200 5.00 28 Sale 150 Required: 1. Compute the cost of goods sold for November and the inventory at the end of November for each of the following cost flow assumptions. If required, round your answers to the nearest dollar. FIFO Cost of Goods Sold $ Ending Inventory $ LIFO Cost of Goods Sold $ Ending Inventory $ Average cost (In your computations, round per unit costs to the nearest cent.) Cost of Goods Sold $ Ending Inventory $ 2. will result in the highest inventory valuation and the lowest amount reported as cost of goods sold. Cost will result in lowest inventory valuation and highest amount reported as cost of goods and hence the lowest net income and taxes paid. falls in between the other two assumptions for both ending inventory valuations and cost of goods sold.

In a newly published article in the scientific journal “International Economic Review”, some authors study how carbon taxation could help reducing the climate change problem. They find that:

Carbon taxation is mostly studied in social planner or infinitely‐lived‐agent models, which obscure carbon taxation's potential to produce a generational win win. This paper's large‐scale, dynamic 55‐period, overlapping generations model calculates the carbon‐tax policy delivering the highest uniform welfare gain to all current and future generations. Our model features coal, oil, and gas, increasing extraction costs, clean energy, technical and demographic change, and Nordhaus' (2017) carbon/temperature/damage functions. Assuming high‐end carbon damages, the optimal carbon tax is $70, rising annually at 1.5 percent. This policy raises all generations' welfare by almost 5 percent. However, doing so requires major intergenerational redistribution.

c.It is said that the model leads to “highest welfare gains”. How is welfare measured according to economists?

A calculation engine is being built to set up an order-of-operations for solving equations. The priority of the operations is as follows:

1. Parentheses, Priority 1 highest

2. Exponents, Priority 2

3. Multiplication, Priority 3

4. Division, also Priority 3

5. Modulus, also Priority 3

6. Addition, Priority 4, Lowest

7. Subtraction, Also priority 4

Each of bulleted items in the list above is represented by a one-bit input wire in a control circuit system, for a total of 7 inputs. The outputs are binary integers 1 through 4.

Use combinational logic and gate logic to create a piece of control circuitry that will assign the correct 2-bit binary integer based on the system priority. The output should be the highest priority among the inputs.

Include a short, well-written description about the approach you chose. Do not include a 128-line truth table. If you use this approach, you are going about it the wrong way. Remember: Divide and Conquer!

the final set of outputs on question 4.4 would be in the form of {001,010,011,100}.

Three proposals are under review for equipment replacement at ACME. ACME uses an MARR of 12.0% when evaluating the economic contribution of investments. Data on the cost of each is shown below. Answer questions that follow based on this data.

a. Using a rate of return method for analysis, what is the rate of return of the extra investment required to purchase the middle cost proposal in place of the lowest cost proposal?

b. Using a rate of return method for analysis, what is the rate of return of the extra investment required to purchase the highest cost proposal in place of the lowest cost proposal?   

c. Using a rate of return method for analysis, what is the rate of return of the extra investment required to purchase the highest cost proposal in place of the middle cost proposal?    

d. Which of the three proposals makes the best economic value for ACME provided ACME has the capital to invest?