Questions
Consider the data in the file Growth.csvwhich contains data on average growth rates over 1960-1995 for...

Consider the data in the file Growth.csvwhich contains data on average growth rates over 1960-1995 for 65 countries, along with variables that are potentially related to growth. A complete description of the data is given in data description which is under the name Growth- Data Description and can be found on Blackboard.

Using this data, carry out the following empirical exercises:

Construct a table that shows the sample mean, std. deviation, minimum and maximum values for the variablesGrowth, Trade-Share, YearsSchool, Oil, Rev_Coups, Assasinations, and RGDP60.

Run a regression of Growthon TradeShare, YearsSchool,Rec_Coups, Assasinations and RGDP60.Show the output of this regression in R (take a screenshot and crop the output summary in your word file that contains your answers).

What is the value on the coefficient on Rev_Coups?Is it statistically significant? Do interpretation on this coefficient.

What is the value of the adjusted R-square? Do these variables explain the majority of country growth?

Use the regression to predict the average annual growth for a country that has average values for all regressors.

Repeat (3) but now assume that the country’s value for TradeShareis one std. deviation above its mean.

Notes: Please submit through email an individual word file with your answers WELL ORGANIZEDalong with your R code (.R file) at the end.

In: Math

The population from 1975 to 2015 are given below Year 1980 1995 2010 2020 Population In...

The population from 1975 to 2015 are given below

Year

1980

1995

2010

2020

Population In 1000s

10

20

32

44

  1. Use the data given in the table to draw the population – time relation in X-Y graph
  2. Use the Graphical extension Method to find the population in 2050
  3. According to the plotted graph, use only one method (Geometric Increase method or Arithmetic Increase method) to find the population in 2050 (Explain why you select this method)
  4. Use the estimated population in 2050 to design the main sewer pipe running 0.6 times full at maximum discharge. The water supplied from the water works to the town is at a rate of 200 LPCD. The manning’s n = 0.015 for the pipe material and permissible slope is 1 ‰. Variation of n with depth may be neglected. Check for minimum and maximum velocity assuming that the groundwater level is lower than the sewer pipe level.

In: Civil Engineering

Jan Northcutt, owner of Northcutt Bikes, started business in 1995. She notices the quality of bikes...

Jan Northcutt, owner of Northcutt Bikes, started business in 1995. She notices the quality of bikes she purchased for sale in her bike shop declining while the prices went up. She also found it more difficult to obtain the features she wanted on ordered bikes without waiting for months. Her frustration turned to a determination to build her own bikes to her particular customer specifications.

She began by buying all the necessary parts (frames, seats, tires, etc.) and assembling them in a rented garage using two helpers. As the word spread about her shop’s responsiveness to options, delivery, and quality, however, the individual customer base grew to include other bike shops in the area. As her business grew and demanded more of her attention, she soon found it necessary to sell the bike shop itself and concentrate on the production of bikes from a fairly large leased factory space.

As the business continued to grow, she backward integrated more and more processes into her operation, so that now she purchases less than 50% of the component value of the manufactured bikes. This not only improves her control of production quality but also helps her control the costs of production and makes the final product more cost attractive to her customers.

The Current Situation

Jan considers herself a hands-on manager and has typically used her intuition and her knowledge of the market to anticipate production needs. Since one of her founding principles was rapid and reliable delivery to customer specification, she felt she needed to begin production of the basic parts for each particular style of bike well in advance of demand. In that way she could have the basic frame, wheels, and standard accessories started in production prior to the recognition of actual demand, leaving only the optional add-ons to assemble once the order came in. Her turnaround time for an order of less than half the industry average is considered a major strategic advantage, and she feels it is vital for her to maintain or even improve on response time if she is to maintain her successful operation.

As the customer base have grown, however, the number of customers Jan knows personally has shrunk significantly as a percentage of the total customer base for Northcutt Bikes, and many of these new customers are expecting or even demanding very short response times, as that is what attracted them to Northcutt Bikes in the first place. This condition, in addition to the volatility of overall demand, has put a strain on capacity planning. She finds that at times there is a lot of idle time (adding significantly to costs), whereas at other times the demand exceeds capacity and hurts customer response time. The production facility has therefore turned to trying to project demand for certain models, and actually building a finished goods inventory of those models. This has not proven to be too satisfactory, as it has actually hurt costs and some response times. Reasons include the following:

- The finished goods inventory is often not the “right” inventory, meaning shortages for some goods and excessive inventory of others. This condition both hurts responsiveness and increases inventory costs.

- Often, to help maintain responsiveness, inventory is withdrawn from finished goods and reworked, adding to product cost.

- Reworking inventory uses valuable capacity for other customer orders, again resulting in poorer response times and/or increased costs due to expediting. Existing production orders and rework orders are both competing for vital equipment and resources during times of high demand, and scheduling has become a nightmare.

The inventory problem has grown to the point that additional storage space is needed, and that is a cost that Jan would like to avoid if possible.

Another problem that Jan faces is the volatility of demand for bikes. Since she is worried about unproductive idle time and yet does not wish to lay off her workers during times of low demand, she has allowed them to continue to work steadily and build finished goods. This makes the problem of building the “right” finished goods even more important, especially given the tight availability of storage space.

Past Demand

The following shows the monthly demand for one major product line: the standard 26-inch 10-speed street bike. Although it is only one of Jan’s products, it is representative of most of the major product lines currently being produced by Northcutt Bikes. If Jan can find a way to sue this data to more constructively understand her demand, she feels she can probably use the same methodologies to project demand for other major product families. Such knowledge can allow her, she feels, to plan more effectively and continue to be responsive while still controlling costs.

Actual Demand

Month

2011

2012

2013

2014

January

437

712

613

701

February

605

732

984

1291

March

722

829

812

1162

April

893

992

1218

1088

May

901

1148

1187

1497

June

1311

1552

1430

1781

July

1055

927

1392

1843

August

975

1284

1481

839

September

822

1118

940

1273

October

893

737

994

912

November

599

983

807

996

December

608

872

527

792

1. Plot the data and describe what you see. What does it mean and how would you use the information from the plot to help you develop a forecast?

2. Use at least two different methodologies to develop as accurate a forecast as possible for the demand. Use each of those methods to project the next four months demand.

3. Which method from question 2 is “better”? How do you know that?

In: Math

Assignment Purpose The purpose of this lab is to write a well commented java program that...

Assignment Purpose

The purpose of this lab is to write a well commented java program that demonstrates the use of two dimensional arrays, input validation, and methods. (Write by Java Code, Need Comment)

Instructions

  1. A theater seating chart is implemented as a two-dimensional array of ticket prices, like this:

Seat Ticket Price

10 10 10 10 10 10 10 10 10 10

10 10 10 10 10 10 10 10 10 10

10 10 10 10 10 10 10 10 10 10

10 10 20 20 20 20 20 20 10 10

10 10 20 20 20 20 20 20 10 10

10 10 20 20 20 20 20 20 10 10

20 20 30 30 40 40 30 30 20 20

20 40 50 50 50 50 50 50 40 20

80 50 50 80 80 80 80 50 50 30

Seating Arrangement: Seats No.

1 2 3 4 5 6 7 8 9 10

11 12 13 14 15 16 17 18 19 20

21 22 23 24 25 26 27 28 29 30

31 32 33 34 35 36 37 38 39 40

41 42 43 44 45 46 47 48 49 50

51 52 53 54 55 56 57 58 59 60

61 62 63 64 65 66 67 68 69 70

71 72 73 74 75 76 77 78 79 80

81 82 83 84 85 86 87 88 89 90

  1. Write a program that prompts the user to pick a price. When a user specifies a price, make sure it is available. Mark sold seats by changing the price to 0. You will write at least 3 methods.
    1. One method that reads, validates and returns the price.
    2. The other that checks whether a seat is available that price.
    3. The third method prints a confirmation if the seat is available or prints a message saying “A seat at this price is not available. Good Bye.”

Hint: Basically, you will search the 2D array for the input price, and as soon as you find a matching price, you will replace the price at that location with a 0.

Sample output 1

Please pick a price or press Q to quit: 80

      Checking for the availability……

      Your seat is confirmed! Your seat number is 81. Enjoy your movie

Please pick a price or press Q to quit: 80

      Checking for the availability……

      No seat at this price is available. Sorry!

Please pick a price or press Q to quit: Q
     Thank you for using our online ticketing service. Goodbye!

Sample output 2

Please pick a price or press Q to quit: 10

      Checking for the availability……

      Your seat is confirmed! Your seat number is 1. Enjoy your movie

Please pick a price or press Q to quit: 20

      Checking for the availability……

      Your seat is confirmed! Your seat number is 33. Enjoy your movie

Please pick a price or press Q to quit: 20

      Checking for the availability……

      Your seat is confirmed! Your seat number is 34. Enjoy your movie

      Please pick a price or press Q to quit: 200

      Please pick a valid price. Valid prices are $10, $20, $30, $40, $50, and $80

Please pick a price or press Q to quit: Q

Thank you for using our online ticketing service. Goodbye!

In: Computer Science

Inappropriate Client Behavior The management of Peak Performance Health and Wellness Club has received several emails...

Inappropriate Client Behavior
The management of Peak Performance Health and Wellness Club has received several emails and verbal complaints about an unidentified male club member allegedly masturbating while using the equipment in the club. The only description they have of the accused is that he is an older, white male with glasses.
Jim Roberts is a personal trainer and is just about to start a morning session with a client. A young woman he knows and trusts comes up to Jim with a frantic expression. “Come quickly.” She can barely get the words out. “There’s a man on the stationary bike who is staring at a woman’s chest and masturbating.”
Jim excuses himself from his session and goes to see for himself. The member points out the accused male, and Jim immediately contacts his department head and another male trainer, just in case there’s an incident.
Jim taps the accused member on the shoulder. “Can I have a word with you?”
The older man agrees, and they step over to the side. Jim knows this man and has had conversations with him in the past regarding his joint surgery and his postoperative rehabilitation. Jim believes he should be able to get to the bottom of this matter quickly.
“A member reported to us that you were touching yourself inappropriately.”
“What’s inappropriate? Your definition of inappropriate and mine might be completely different!”
“Were you fondling yourself?”
“What’s fondling? I don’t know what that means.”
“You had your hands in your pants.”
He shrugs. “So, we have to adjust ourselves. I can have my hand in my pants.”
At this point Jim becomes frustrated and just comes out and asks, “Were you masturbating?”
The member becomes very defensive and says, “I never do that, I can’t believe you accused me of that, I’m offended !”
Jim asks the man to stay where he is. He knocks on the general manager’s (GM) door and quickly fills him in on the situation. Jim and his team escort the accused member to the GM’s office.
The GM repeats the same line of questioning, and the man gives verbatim answers to the ones he gave Jim. Eventually, the GM gets as frustrated as Jim was and asks, “Were you masturbating?”
The man puts his hand on his chest and an indignant expression on his face. He shouts, “I NEVER DO THAT! I demand to face my accuser; I have the right to face my accuser. I’ve been a member since this club opened! I can’t believe that you would suggest this.”
At this point the GM is not amused or buying his story. He simply tells the man his membership will be on suspension pending an investigation.
The member continues to argue but eventually calms down. He then asks, “How will you let me know your decision?”
The GM tells him that the club will call him. “Can you e-mail me instead? Let me give you my personal e-mail.”
The GM agrees and tells him that he’ll have to leave. After the member leaves, the GM tells Jim to close the door.
He looks at Jim with a wry smile and says, “That guy is so guilty. He wants me to e-mail him privately so his wife won’t find out.”
Jim goes upstairs with his boss to speak with the female member who reported the incident. When he finds her, she is with another female member. The second female member tells Jim that he was the same man that she saw masturbating on a treadmill and wrote an email about. Jim’s boss takes statements from the two female members so Jim can return to his now shortened session with his client.
Discussion Questions
1. What are the facts in this situation?
2. Should anyone who observed the behavior feel obligated to report it? Why do you think only female members reported the behavior?
3. Is this a criminal activity and should it be reported to police?
4. Should the club install video surveillance equipment to deter this and other inappropriate member behaviors? Provide a rationale for your response.
5. Do you think this situation was handled properly? If yes, what were three things that were done right? If no, what do you think should have been done differently? Provide a rationale for your response.
6. How could these types of behaviors be prevented in the future? Provide your reflections and personal opinions as well as your recommendations and rationale for what, if anything, might have been done differently in this case.

In: Nursing

On December 31 of last year, Lauren burst into the family living room and announced that...

On December 31 of last year, Lauren burst into the family living room and announced that she and Connor (her college boyfriend) were going to be married. After recovering

from the shock, her mother hugged her and asked, “When?” The following conversation resulted:

Lauren: January 21.

Mom: What?

Dad: The Now Wedding will be the social hit of the year. Wait a minute. Why so soon?

Lauren: Because on January 30 Connor, who is in the National Guard, will be shipping out overseas. We want a week for a honeymoon.

Mom: But Honey, we can't possibly finish all the things that need to be done by then. Remember all the details that were involved in your sister's wedding?

Even if we start tomorrow, it takes a day to reserve the church and reception hall, and they need at least 14 days' notice. That has to be done before we can start decorating, which takes 3 days. An extra $200 on Sunday would probably cut that 14 day notice to 7 days, though.

Dad: Oh, boy!

Lauren: I want Jane Summers to be my maid of honor.

Dad: But she's in the Peace Corps in Guatemala, isn't she? It would take her 10

days to get ready and drive up here.

Lauren: But we could fly her up in 2 days and it would only cost $1,000.

Dad: Oh, boy!

Mom: And catering! It takes 2 days to choose the cake and decorations, and Jack's Catering wants at least 5 days' notice. Besides, we'd have to have those things before we could start decorating.

Lauren: Can I wear your wedding dress, Mom?

Mom: Well, we'd have to replace some lace, but you could wear it, yes. We could order the lace from New York when we order the material for the bridesmaids' dresses. It takes 8 days to order and receive the material. The pattern needs to be chosen first, and that would take 3 days.

Dad: We could get the material here in 5 days if we paid an extra $20 to airfreight it. Oh, boy!

Lauren: I want Mrs. Jacks to work on the dresses.

Mom: But she charges $48 a day.

Dad: Oh, boy!

Mom: If we did all the sewing we could finish the dresses in 11 days. If Mrs. Jacks helped we could cut that down to 6 days at a cost of $48 for each day less than 11 days. She is very good too.

Lauren: I don't want anyone but her.

Mom: It would take another 2 days to do the final fitting and 2 more days to clean and press the dresses. They would have to be ready by rehearsal night. We must have rehearsal the night before the wedding.

Dad: Everything should be ready rehearsal night.

Mom: We've forgotten something. The invitations!

Dad: We should order the invitations from Bob's Printing Shop, and that usually takes 7 days. I'll bet he would do it in 6 days if we slipped him an extra $20!

Mom: It would take us 2 days to choose the invitation style before we could order them and we want the envelopes printed with our return address.

Lauren: Oh! That will be elegant.

Mom: The invitations should go out at least 10 days before the wedding. If we let them go any later, some of the relatives would get theirs too late to come and that would make them mad. I'll bet that if we didn't get them out until 8 days before the wedding, Aunt Ethel couldn't make it and she would reduce her wedding gift by $200.

Dad: Oh, boy!!

Mom: We'll have to take them to the Post Office to mail them and that takes a day. Addressing would take 3 days unless we hired some part-time girls and we can't start until the printer is finished. If we hired the girls we could probably save 2 days by spending $40 for each day saved.

Lauren: We need to get gifts for the bridesmaids. I could spend a day and do that.

Mom: Before we can even start to write out those invitations we need a guest list. Heavens, that will take 4 days to get in order and only I can understand our address file.

Lauren: Oh, Mom, I'm so excited. We can start each of the relatives on a different job.

Mom: Honey, I don't see how we can do it. Why, I've got to choose the invitations and patterns and reserve the church and . . .

Dad: Why don't you just take $3,000 and elope. Your sister's wedding cost me $2,400 and she didn't have to fly people up from Guatemala, hire extra girls and Mrs. Jacks, use airfreight, or anything like that.

Considering the list of items Lauren and Mom plan for the wedding, identify a contingency plan for three key items essential to the wedding. The list may not include the three original items you suggested alternates for, but it may include the alternates since you may assume that Lauren loved your suggestions. Why are these items essential to the wedding and therefore in need of a contingency plan?

In: Operations Management

In 2018, Henry and his wife, Wendy made the gifts shown belo. All gifts taxes are...

In 2018, Henry and his wife, Wendy made the gifts shown belo. All gifts taxes are of present interests. what is Wendy's gift tax payable for 2018 if the couple elects gift splitting and Wendy's previous taxable gifts(made in 1995) total 1 million?

Wendy's current gift were
to Janet...............$80,000
to Cindy.................70,000
to Henry.................50,000
Henry's current gift were to Janet 30,000

In: Accounting

What mathematical evidence can you provide to support the assertion that the universe is electrically neutral...

What mathematical evidence can you provide to support the assertion that the universe is electrically neutral on large scales?

Ryden, Barbara. Introduction to Cosmology (p. 47). Cambridge University Press. Kindle Edition.

In: Physics

Why is it that sunk costs are never relevant to a decision whereas opportunity costs are...

  • Why is it that sunk costs are never relevant to a decision whereas opportunity costs are always relevant?
  • Why do you think Goldratt’s Theory of Constraints received so much press by the business community?  

In: Accounting

Describe the impact that the Protestant Reformation had on the monopoly of power and influence of...

Describe the impact that the Protestant Reformation had on the monopoly of power and influence of the Catholic church. What critical role did the recent invention of the movable printing press have on Martin Luther’s “accidental” revolution?

In: Psychology