Questions
Littlefield Laboratories, LLC (LL) provides an integratedgenetic test called MaterniT 21 PLUS for expected parents...

Littlefield Laboratories, LLC (LL) provides an integrated genetic test called MaterniT 21 PLUS for expected parents in Northern California. LL charges its customers a premium price of $1,900 per test and promises to return the result within 24 hours after receiving the order; otherwise a rebate will be provided. LL runs 24x7 and customer orders for the test come in to the lab with blood samples on a continuous basis. Demand for the test is relatively stable at an average of 3,000 tests per month, with an estimated standard deviation of 100 tests for the weekly demand. Each test requires an advanced testing kit that can be purchased from a sole supplier at a wholesale price of $600 each. LL can purchase the testing kits from the supplier in a batch. The supplier charges a fixed setup cost (including shipping) of $6,000 for each batch LL orders, regardless of the size of the batch. It will take exactly 7 days for the supplier to deliver the batch to LL after LL places the order. If LL runs out of inventory for less than a week, the backlog cost is estimated to be $156 per unit. As soon as the batch is delivered, LL pays the supplier out of is operational cash account, which generates interest for LL on a compound annual growth rate (CAGR) of 8%. Test kits are very small parts that do not require any physical resources (e.g., extra space or climate control) to hold.

1. Which of the following are necessary inventory control decisions LL has to make? (Select all that apply.) Group of answer choices

Determining how many testing machines to purchase.

Determining how many units of testing kits to order in a batch.

Determining how many operators to staff in each shift.

Determining the reorder point that triggers the testing kit replenishment order.

Determining how often to order testing kits.

Determining what price promotions can be offered to customers.

2. Which of the following are appropriate strategies for making the inventory decisions. (Select all that apply.) Group of answer choices

Use the EOQ model to determine how many testing kit units to order each time.

Use the EOQ model to determine how often to place testing kit orders.

Use the EOQ model to determine the reorder point to trigger the replenishment order in order to keep a good amount of testing kits on hand during the 7‐day supplier lead time.

Use the EOQ model to determine how many operators to staff in each shift.

Use the order-up-to model to determine the optimal reorder point.

Use the order-up-to model to determine how many testing machines to purchase.

3. LL plans to use the EOQ model to make some of its inventory decisions. Which of the following hypotheses, if true, will make the EOQ method invalid? (Select all that apply.) Group of answer choices

The incoming demand is relatively stable at a constant rate that can be easily estimated.

The supplier can offer discounts on the fixed setup charge based on ordering quantities, e.g., 50% off if the batch size is larger than 10,000 units.

The supplier can offer discounts on the per unit wholesale price based on ordering quantities, e.g., 10% off if the batch size is larger than 5,000 units.

LL’s operational cash is put into an actively managed account with a systematic withdrawal plan that allows LL to withdraw a flexible amount of fund only on the first of each month to pay employees and bills and make necessary procurements.

The supplier’s setup charge and wholesale price are constants.

4. LL plans to set its reorder point at 700 units, which equals the average weekly demand LL faces. Which of the following are true? (Select all that apply.) Group of answer choices

If LL keeps 700 units on hand during the 7‐day supplier lead time, LL has a 50% chance of running out of inventory before the supplier delivers the ordered batch of testing kits.

If LL keeps 700 units on hand during the 7‐day supplier lead time, LL has a 50% chance of having leftover inventory when supplier delivers the ordered batch of testing kits.

700 is the optimal reorder point for LL to set. LL should set a reorder point higher than 700 in order to have a positive safety stock buffer.

LL should set a reorder point lower than 700 in order to have a negative safety stock buffer.

5. LL has made an inventory decision of ordering 3000 units in a batch each time it orders from the supplier. Which of the following are true? (Select all that apply.) Group of answer choices

This is the EOQ solution.

LL is expected to order 12 times a year.

LL is expected to order once per month.

The solution will impose an annual inventory holding cost that is much higher than the annual total setup cost.

The solution will impose an annual total setup cost that is much higher than the annual inventory holding cost

6.LL plans to place an order of 3000 units to its supplier on a monthly basis. LL is also considering to set the reorder point to 900 units to trigger the order. Once the ordered batch is delivered in exactly 7 days, any leftover testing kit inventory LL has will impose a $4 per unit of carrying cost for another month. Which of following are true? (Select all that apply.) Group of answer choices

Setting the reorder point at 900 units, or 2 standard deviations above the mean weekly demand, will give LL approximately a 97.5% probability of not running of inventory during the 7‐day supplier lead time.

Setting the reorder point at 900 units, or 2 standard deviations above the mean weekly demand, will give LL approximately a 2.5% probability of not running of inventory during the 7‐day supplier lead time.

The critical ratio is $156/($156+$4) = 0.975.

Setting the reorder point at 900 units, or 2 standard deviations above the mean weekly demand, can be considered optimal.

With a reorder point of 900 units, LL will not have a sufficient safety stock buffer during the 7‐day supplier lead time to take on incoming customer orders.

In: Accounting

You are asked to work as an astrobiologist in the distant future. On Neptune’s moon Triton,...

  1. You are asked to work as an astrobiologist in the distant future. On Neptune’s moon Triton, you find a species of terrifying and giant crustacean-like aliens that appear to live in completely isolated populations within the nitrogen ice valleys on the surface. As a famed xenobiologist that specializes in population genetics, you decide to compare and contrast two of these isolated populations. Specifically, you are interested in the locus terror​​, which comprises three alleles T1, T2, and T3.
    1. Using state of the art technology, you can immediately infer genotypes on the spot! Below are the genotype frequencies for the two populations. Your non-biologist teammate speculates that because genotypes containing T2 are so low in frequency in both populations, T2 must be deleterious - and thus will soon be selected out of the populations. Are they right? Why or why not?

genotype

T1T1

T1T2

T2T2

T1T3

T2T3

T3T3

pop. 1 individuals

42

5

5

88

10

67

pop. 2.

individuals

150

10

20

450

50

800

  1. Someone on a rival ship accidentally brings a small batch of hitchhiking aliens back to Earth. At least it’s not your fault! Unfortunately, they are reproducing, thus forming a newly isolated population that is terrorizing the planet. This new Earth population of aliens is genotyped, and you find that they entirely lack the allele T3. Is this founder Earth population more likely to originally be from Triton population 1 or 2? Please show your work.

  1. Regardless of your answer to part B, your colleague suggests that if​ ​ the new Earth population originally came from Triton population 2, genetic drift is likely to play less of an effect because of its large original population size (refer to table in part A). Are they correct? Why or why not?

  1. You notice that terror​ ​ experiences selection on Earth. Because the Earth population completely lacks allele T3, you can treat this population like a two allele locus, with genotypes and fitnesses listed below. What is the probability that T1 will fix or be lost due to drift alone? By contrast, what is the probability that T1 will fix or be lost due to selection alone? Please show your work.

genotype

T1T1

T1T2

T2T2

frequency

0.10

0.10

0.80

fitness

1

0.90

0.90

In: Biology

You are the financial manager of a large company and you must recommend the best investment...

You are the financial manager of a large company and you must recommend the best investment to the board of directors.
1- (30 points) If the firm wants to invest 100,000 €, which of the following options is the most interesting one:
a) To invest in a bank account that offers an annual simple interest rate of 7%, for 10 years
b) To invest in a bank account that offers an annual compound interest rate of 6%, for 10 years
The bank pays interests once per year.

2- (40 points) If you decide the option of compound interest rate, what is the total amount after 10 years if the interests are paid: a. Semesterly
b. Quarterly c. Monthly d. Weekly
Compare the results and choose the best option for your firm.

3- (30 points) How much money should the company invest today, in a bank account that offers a compound monthly interest rate of 0.6%, to get the same amount than in question 1b) but in seven years’ time?

(Im sorry can you please answer question 3 only i had to put all the questions because they are related to each other).

Thank you

In: Finance

A survey of the mean number of cents off that coupons give was conducted by randomly...

A survey of the mean number of cents off that coupons give was conducted by randomly surveying one coupon per page from the coupon sections of a recent Rockford newspaper. The following data were collected: 20¢; 75¢; 50¢; 75¢; 30¢; 55¢; 10¢; 40¢; 30¢; 55¢; $1.50; 40¢; 65¢; 40¢. Assume the underlying distribution is approximately normal. Construct a 95% confidence interval for the population mean worth of coupons. Find the lower limit of the confidence interval. Enter it rounded to the nearest cent (2 decimal places)

In: Statistics and Probability

Write a program that manages a list of patients for a medical office. Patients should be...

Write a program

that manages a list of patients for a medical office. Patients should be

represented as objects with the following data members:

name (string)

patient id # (string)

address (string)

height (integer; measured in inches)

weight (double)

date of birth (Date)

date of initial visit (Date)

date of last visit (Date)

The data member “patient id #” is defined to be a

key

. That is, no two patients can have

the same patient id #. In addition to the standard set of accessors for the above data

members, define the fol

lowing methods for class Patient.

standard set of accessors

get_age

method: to compute and returns a patient’s age in years (integer)

get_time_as_patient

method: to compute the number of years (integer) since

the patient’s initial visit. Note that this va

lue can be 0.

get_time_since_last_visit

method:

to compute the number of years (integer)

since the patient’s last visit. This value can be 0, too.

Your program will create a list of patient objects and provide the user with a menu of

choices for accessing

and manipulating the

data on that list. The list must be an object of

the class List that you will define.

Internally, the list object must maintain its list as a

singly linked list with two references, one for head and one for tail.

As usual, your Li

st

class will have the methods “

find,” “

size,” “contains

,” “remove,”

“add,”, “get,”

“getNext,”, “reset,” “toString

,”. At the start, your program should read in patient data

from a text file for an initial set of patients for the list. The name of this file

should be

included on the “command line” when the program is run.

(Don’t hard code

the file name)

Each data item for a patient will appear on a separate line in

the file.

Your program

should be menu-

driven, meaning that it will display a menu of options for the user. The

user will choose one of

these options, and your program will carry out the request. The

program will then display the same menu again and get another

choice from the user.

This interaction will go on until the user chooses QUIT, which should be the last of the

menu’s options. The

menu should look something like the following:

1.

Display list

2.

Add a new patient

3.

Show information for a patient

4.

Delete a patient

5.

Show average patient age

6.

Show information for the youngest patient

7.

Show notification l

ist

8.

Quit

Enter your choice:

Details of each option:

Option 1: Display (on the screen) the names and patient id #’s of all patients in

order starting from the first one. Display the

information for one patient per line;

something like: Susan

Smith, 017629

Option

2: Add a new patient to the

END

of the list.

All

information about the new

patient (including name, patient id #, etc.)

is to be requested (input) from the user

interactively. That is, you will need to ask for 14 pieces of data from the user.

You’ll, of course, need to create a new patient object to hold this data.

NOTE:

As mentioned above, the patient id # field is a

key

. So, if the user types in

a patient id # that happens to be the same as

an already existing patient’s, then

you should display an error message and cancel the operation. Therefore, it is

probably a

good idea to ask for the patient id # first and test it immediately (by

scanning the objects on the list).

Option

3: Display (in a neat format) all the information pertaining to the patien

t

whose patient id # is given by the user. Namely, display the following information:

o

name

o

patient id #

o

address

o

height (shown in feet and inches; for example, 5 ft, 10 in)

o

weight

o

age

o

number of years as a patient (display “less than one year” if 0)

o

number of years since last visit (display “less than one year” if 0)

o

Indication that patient is overdue for a visit

NOTE:

The last item is displayed only if it has been 3 or more years since

the patient’s last visit.

If the user inputs a patient id

# that does

not

exist, then the program should

display an error message and the operation should be canceled (with the menu

immediately being displayed again for another request).

Option

4: Delete the patient whose id # is given by the user. If the patient is not

on the

list, display an error message.

Option 5: Show the average age (to one decimal place) of the patients.

Option

6:

Display (in a neat format) all the information (same as operation 3)

about the youngest patient.

Option

7: Display the names (and patient id

#’s) of all patients who are overdue

for a visit. As noted above, “overdue” is

defined as 3 or more years since the last

visit.

Option 8: Quit the program.

NOTE:

When the user chooses to quit, you should ask if they would like to save

the patient information to a file. If so, then

you should prompt for the name of an

output (text) file, and then write the data pertaining to

all

patients to that file. The

output for each patient should be in the same format as in the input file. In this

way, your output fil

e can be used as input on

another run of your program. Make

certain to maintain the order of the patients in the output file as they appear on the

list. Be

careful not to overwrite your original input file (or any other file, for that

matter).

Note

:

Try to

implement the various menu options as separate methods (aside

from

“main”)

.

However:

DO NOT DEFINE such “option methods

” as part of the class

List.

Of course, the Java code that implements an option (whether it’s in the “main”

method or not) should def

initely use List’s methods

to help do its job.

In: Computer Science

The radii of two circles are 8 cm and 6 cm respectively. Find the radius of the circle having area equal to the sum of the areas of the two circles.

The radii of two circles are 8 cm and 6 cm respectively. Find the radius of the

circle having area equal to the sum of the areas of the two circles.

In: Math

Question 14 Lincoln Machine Tool Company maintains an inventory pool consisting of 10 items. Each of...

Lincoln Machine Tool Company maintains an inventory pool consisting of 10 items. Each of these items has a unique demand pattern and may require a different kind of inventory management system. The annual demand pattern and the unit cost of these items are given in the following table. Classify the items in A, B, and C categories according to annual dollar usage.
Item Type Annual Usage
in thousands
Unit Cost
in Dollars
Item 1 10 $2.50
Item 2 30 $1.25
Item 3 20 $16.00
Item 4 10 $0.75
Item 5 20 $3.00
Item 6 33 $2.50
Item 7 60 $14.25
Item 8 22 $10.00
Item 9 100 $2.75
Item 10 500 $4.25
Using the above data, Item 6 will be classified as:
A. A item
B. B item
C. C item
D. None of the above
Reset Selection
Using the data of Question 14, Item 7 will be classified as:
A. A item
B. B item
C. C item
D. None of the above
Reset Selection
Using the data of Question 14, Item 8 will be classified as:
A. A item
B. B item
C. C item
D. None of the above
Reset Selection
One end item A requires three component parts: B, C, and D. The bill of material indicates that for each completed A, 3 units of B, 2 units of C, and 1 unit of D are required. Current inventory for the four items is as follows: There are 18 As, 40 Bs, 50 Cs and 35 Ds in stock. If the lead time for all items is one week and there are no scheduled receipts for any item, how many units of product A can be delivered to customers at the start of next week (week 2)?
A. 35
B. 31
C. 25
D. 13
E. None of the above

In: Operations Management

Consider a normal distribution with a mean of 50 and standard deviation of 10. Which of...

Consider a normal distribution with a mean of 50 and standard deviation of 10. Which of the following is FALSE?

Question 4 options: P(x<=50) = .50

P(x>=40) = 1-P(x<40)

P(x<=20)+P(x<=20) = P(x<=40)

P(x<=30) = P(x>=70)

In: Statistics and Probability

Suppose that many stocks are traded in the market and that it is possible to borrow...

Suppose that many stocks are traded in the market and that it is possible to borrow at the risk-free rate, rƒ. The characteristics of two of the stocks are as follows:

Stock Expected Return Standard Deviation
A 8 % 40 %
B 11 % 60 %
  Correlation = –1
a.

Calculate the expected rate of return on this risk-free portfolio? (Hint: Can a particular stock portfolio be substituted for the risk-free asset?) (Round your answer to 2 decimal places.)

  Rate of return %
b.

Could the equilibrium rƒ be greater than 9.20%?

Yes
No

In: Finance

Suppose that many stocks are traded in the market and that it is possible to borrow...

Suppose that many stocks are traded in the market and that it is possible to borrow at the risk-free rate, rƒ. The characteristics of two of the stocks are as follows:

Stock Expected Return Standard Deviation
A 8 % 40 %
B 12 % 60 %
Correlation = –1

a. Calculate the expected rate of return on this risk-free portfolio? (Hint: Can a particular stock portfolio be substituted for the risk-free asset?) (Round your answer to 2 decimal places.)

Rate of return             %

b. Could the equilibrium rƒ be greater than 9.60%?

Yes
No

In: Finance