All Tutorials will be E-mailed immediately (automatically) after the Payment and can also be Downloaded by clicking on Tutorial Bucket.
Please Check your Spam Email if you do not get the Tutorial.
Click Here to Submit New Syllabus (If course has changed or if you need help with any other course)
Shopping Cart
Your shopping cart is empty!
Categories
MAT 540 Week 1 Homework Chapter 1 and Chapter 11 (Solutions 100% Correct)
$8.00

MAT 540 Week 1 Homework Chapter 1 and Chapter 11 (Solutions 100% Correct)

This Tutorial was purchased 4 times & rated A by student like you.

 

This Tutorial contains following Attachments

  • MAT 540 Week 1 Homework Chapter 1 and Chapter 11.xlsx

MAT 540 Week 1 Homework Chapter 1
 
1. The Retread Tire Company recaps tires. The fixed annual cost of the recapping operation is
$65,000. The variable cost of recapping a tire is $7.5. The company charges$25 to recap a tire.
a. For an annual volume of 15, 000 tire, determine the total cost, total revenue, and profit.
b. Determine the annual break-even volume for the Retread Tire Company operation.
 
 
2. Evergreen Fertilizer Company produces fertilizer. The company’s fixed monthly cost is $25,000,
and its variable cost per pound of fertilizer is $0.20. Evergreen sells the fertilizer for $0.45 per
pound. Determine the monthly break-even volume for the company.
 
 
3. If Evergreen Fertilizer Company in problem 2 changes the price of its fertilizer from $0.45 per
pound to $0.55 per pound, what effect will the change have on the break-even volume?
 
 
4. If Evergreen Fertilizer Company increases its advertising expenditure by $10,000 per year, what
effect will the increase have on the break-even volume computed in problem 2?
 
 
5. Annie McCoy, a student at Tech, plans to open a hot dog stand inside Tech’s football stadium
during home games. There are 6 home games scheduled for the upcoming season. She must pay the
Tech athletic department a vendor’s fee of $3,000 for the season. Her stand and other equipment
will cost her $3,500 for the season. She estimates that each hot dog she sells will cost her $0.40. she
has talked to friends at other universities who sell hot dogs at games. Based on their information
and the athletic department’s forecast that each game will sell out, she anticipates that she will sell
approximately 1,500 hot dogs during each game.
a. What price should she charge for a hot dog in order to break even?
b. What factors might occur during the season that would alter the volume sold and thus the
break-even price Annie might charge?
 
 
6. The college of business at Kerouac University is planning to begin an online MBA program. The
initial start-up cost for computing equipment, facilities, course development and staff recruitment
and development is $400,000. The college plans to charge tuition of $20,000 per student per year.
However, the university administration will charge the college $10,000 per student for the first 100
students enrolled each year for administrative costs and its share of the tuition payments.
a. How many students does the college need to enroll in the first year to break-even?
b. If the college can enroll 80 students the first year, how much profit will it make?
MAT540 Homework
 
 
 
c. The college believes it can increase tuition to $25,000, but doing so would reduce enrollment to
50. Should the college consider doing this?
 
 
 
7. The following probabilities for grades in management science have been determined based on past
records:
Grade Probability
A 0.1
B 0.2
C 0.4
D 0.2
F 0.10
1.00
The grades are assigned on a 4.0 scale, where an A is a 4.0, a B a 3.0, and so on. Determine the
expected grade and variance for the course.
 
 
8. An investment firm is considering two alternative investments, A and B, under two possible future
sets of economic conditions good and poor. There is a .60 probability of good economic conditions
occurring and a .40 probability of poor economic conditions occurring. The expected gains and
losses under each economic type of conditions are shown in the following table:
Investment
Economic Conditions
Good Poor
A $380,000 -$100,000
B $130,000 $85,000
Using the expected value of each investment alternative, determine which should be selected.
 
 
9. The weight of the bags of fertilizer is normally distributed, with a mean of 45 pounds and a
standard deviation of 5 pounds. What is the probability that a bag of fertilizer will weigh between
38 and 50 pounds
 
 
 
10. The polo Development Firm is building a shopping center. It has informed renters that their rental
spaces will be ready for occupancy in 18 months. If the expected time until the shopping center is
completed is estimated to be 15 months, with a standard deviation of 5 months, what is the
probability that the renters will not be able to occupy in 18 months?
 
 
11. The manager of the local National Video Store sells videocassette recorders at discount prices. If
the store does not have a video recorder in stock when a customer wants to buy one, it will lose the
sale because the customer will purchase a recorder from one of the many local competitors. The
problem is that the cost of renting warehouse space to keep enough recorders in inventory to meet
all demand is excessively high. The manager has determined that if 85% of customer demand for
recorders can be met, then the combined cost of lost sales and inventory will be minimized. The
manager has estimated that monthly demand for recorders is normally distributed, with a mean of
175 recorders and a standard deviation of 55. Determine the number of recorders the manager
should order each month to meet 85% of customer demand.
 

Write a review

Order Id


Order Id will be kept Confidential
Your Name:


Your Review:
Rating:   A   B   C   D   F  

Enter the code in the box below:



Related Tutorials
$18.00

This Tutorial was purchased 8 times & rated A by student like you.

Focus of the Final Paper In this six- to eight-page research paper, you will explore in detail one of the statistical approaches to research discussed in the course, applying it in the context of a specific application or methodological study. This will help you gain a deeper understanding of..
$5.00

This Tutorial was purchased 4 times & rated A+ by student like you.

Statistical Concept. Describe the most important statistical concept that you learned in the course. How do you think you will be able to use the information? Respond to at least two of your classmates’ posts. ..
$5.00

This Tutorial was purchased 14 times & rated B+ by student like you.

Confidence Intervals. Find an article that incorporates research of confidence intervals to market a new product. Summarize the information gained from your research. Based on the research, is it wise to go ahead and market the product? Support your ideas with cited sources. Respond to at least t..
$5.00

This Tutorial was purchased 18 times & rated B+ by student like you.

Repeated Sampling. In Chapter 8 of your text, read the interpretation of confidence intervals. Find a journal article from the library that incorporates repeated sampling. This may be stated or implied. Use the explanation in the last paragraph of the section on interpretation of confidence inter..
$5.00

This Tutorial was purchased 4 times & rated A+ by student like you.

Standardized Testing. Paul states that he scored in the 100th percentile on a given standardized test. Do you believe him? Why or why not? Respond to at least two of your classmates’ posts. ..
$5.00

This Tutorial was purchased 4 times & rated A+ by student like you.

Normal or Bell-Shaped Curve. Find a study where the distribution follows a normal or bell-shaped curve. An example of a normal distribution or bell-shaped curve, called “Heights of Red Pine Seedlings”, is located in the beginning of Chapter 6 in the book. . Cite the source of the study you’ve sel..
$5.00

This Tutorial was purchased 4 times & rated A+ by student like you.

Probability Video Analysis. Find a video that provides help with learning probability. Why do you like it and what did you learn? Visit this helpful website (http://www.khanacademy.org/) to assist you with your search. Respond to at least two of your classmates’ posts. ..
$5.00

This Tutorial was purchased 5 times & rated A+ by student like you.

Actuaries. Actuaries work with statistics and probabilities each day. What do actuaries do and what test do they take? Respond to at least two of your classmates’ posts ..
$5.00

This Tutorial was purchased 6 times & rated A+ by student like you.

Correlation and Causation.v 6 titled “Spurious Correlation by Lurking Variables”. This describes an observed correlation that may be caused by the influence of a third variable. Describe and cite a study where the correlation may be spurious. Alternately, you may choose to create and describe you..
$5.00

This Tutorial was purchased 3 times & rated No rating by student like you.

Scatter Plot. Provide a link for a picture of a scatter plot where the r value is not given. Estimate what you think the r value would be and explain why. Respond to at least two of your classmates’ posts ..
$5.00

This Tutorial was purchased 2 times & rated No rating by student like you.

Qualitative vs. Quantitative. Describe a recent study where data was gathered. If possible, explain whether it is a qualitative or quantitative study, and whether the data is discrete or continuous. What type of graph would you use to describe the data and why? Respond to at least two of your cla..
$5.00

This Tutorial was purchased 2 times & rated A+ by student like you.

Gallup Poll. Describe a recent Gallup poll. Be sure to include the results of the poll, how the poll was conducted, and what the results will be used for. Respond to at least two of your classmates’ posts. ..
$36.00

This Tutorial was purchased 11 times & rated A+ by student like you.

MAT 540 Week 1 DQ 1 Gallup Poll MAT 540 Week 1 DQ 2 Qualitative vs. Quantitative MAT 540 Week 2 DQ 1 Scatter Plot MAT 540 Week 2 DQ 2 Correlation and Causation MAT 540 Week 3 DQ 1 Actuaries MAT 540 Week 3 DQ 2 Probability Video Analysis MAT 540 Week 4 DQ 1 Normal or Bell-S..
$6.00

This Tutorial was purchased 13 times & rated A+ by student like you.

MAT 540 Week 1 Quiz 1  ..
$6.00

This Tutorial was purchased 16 times & rated No rating by student like you.

MAT 540 Week 2 Quiz 2 ..
$6.00

This Tutorial was purchased 10 times & rated A+ by student like you.

mat 540 week 3 quiz 3 ..
$6.00

This Tutorial was purchased 13 times & rated A+ by student like you.

MAT 540 Week 4 Quiz 4 ..
$7.00

This Tutorial was purchased 14 times & rated A+ by student like you.

MAT 540 Week 2 Assignment 1 Final Paper Draft ..
Tags:
MAT 540 © 2017 All Rights Reserved.Powered by:Ash Tutorial