MAT 540 Homework Week 1

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hw1_answer_sheet_2015.xlsx

Chapter_1

Homework #1
Fix Cost Variable Cost sales volume sale Price Revenue Total Cost Profit Revenue 210000
Q1 - A 55000 8 10000 21 Total Cost 135000
Profit 75000
Fix Cost Variable Cost sales price Break-even quantities
Q1 - B 55000 8 21 Break-even: Revenue = Total Cost 4230.7692307692
Fix Cost Variable Cost sales price Break-even quantities
Q2 30000 0.16 0.4
Fix Cost Variable Cost sales price Break-even quantities Effects
Q3 30000 0.16 0.6 0
Fix Cost & Advertising Variable Cost sales price Break-even quantities Effects Fix Cost Variable Cost sales price Break-even quantities
Q4 31166.66667 0.16 0.4 -68181.8181818182 Q13 30000 0.16 0.6 68181.8181818182
Monthly fix Cost & adv. 31166.6666666667
Fix Cost (vender's fee & equipment) Variable Cost sales price Break-even quantities
Q5 - A 5600 0.35 14000
Fix Cost (vender's fee & equipment) Variable Cost sales price Break-even quantities Factors on Break-even results
Q5 - B 5600 0.35 14000
Fix Cost Variable Cost sales price Break-even quantities
Q6 - A 360000 12000 17000
Fix Cost Variable Cost sales volume sale Price Profit
Q6 - B 360000 12000 75 17000
Fix Cost Variable Cost sales volume sale Price Profit Note
Q6 - C 350000 12000 35 22000
Please give your answers in YELLOW boxes

Chapter_11

Q7 Grade Scale Probability Expected Value Variance
A 4 0.15 0.6 2.4
B 3 0.25 0.75 2.25
C 2 0.38 0.76 1.52
D 1 0.12 0.12 0.12
F 0 0.1 0 0
1 Expected Grade
Course Variance
Q8 Economic Conditions
Investment Good Poor
Probability 0.6 0.4 A: $ 70,000.0
A $350,000 ($350,000) B: $ 100,000.00
B 120,000 70,000 Choose investment A or B?
Q9 Distribution Mean Standard deviation Lower weight limit Upper weight Limit Probability Upper limit 0.762474738
Normal 50 7 45 55 Lower Limit 0.237525262
Probability 0.5249494759 (in between upper and lower limits)
Note: probability from the upper limit to -infinity is 0.7734
Q10 Distribution Mean Standard deviation Occupied Probability NOT occupied
Normal 16 4 19 Occupuied 0.7733726476
Not occupied 0.2266273524
Q11 Distribution Mean Standard deviation Probability Number of recorders ordered
Normal 180 60 0.9
Find number given Probability, mean and standard deviation 256.8930939327