ALLRoundTutor

Homework #1

Fix Cost

Variable Cost

sales volume

sale Price

Revenue

Total Cost

Profit

Revenue

Q1 - A

65000

7.5

15000

25

Total Cost

Profit

Fix Cost

Variable Cost

sales price

Break-even quantities

Q1 - B

65000

7.5

25

Break-even: Revenue = Total Cost

Fix Cost

Variable Cost

sales price

Break-even quantities

Q2

25000

0.2

0.45

Fix Cost

Variable Cost

sales price

Break-even quantities

Effects

Q3

25000

0.2

0.55

0

Fix Cost & Advertising

Variable Cost

sales price

Break-even quantities

Effects

Q4

25833.33333

0.2

0.45

0

Q13

Monthly fix Cost & adv.

Fix Cost (vender's fee & equipment)

Variable Cost

sales price

Break-even quantities

Q5 - A

6500

0.4

9000

Q5 - B

Fix Cost

Variable Cost

sales price

Break-even quantities

Q6 - A

400000

10000

20000

Fix Cost

Variable Cost

sales volume

sale Price

Profit

Q6 - B

400000

10000

80

20000

Fix Cost

Variable Cost

sales volume

sale Price

Profit

Note

Q6 - C

400000

10000

50

25000

Please give your answers in YELLOW boxes

Q7

Grade

Scale

Probability

Expected Value

Variance

A

4

0.1

B

3

0.2

C

2

0.4

D

1

0.2

F

0

0.1

1

Expected Grade

Course Variance

Q8

Economic Conditions

Investment

Good

Poor

Probability

0.45

0.55

A:

A

$380,000

($100,000)

B:

B

130,000

85,000

Choose investment A or B?

Q9

Distribution

Mean

Standard deviation

Lower weight limit

Upper weight Limit

Probability

Upper limit

Normal

45

5

38

50

Lower Limit

Probability

(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

15

5

18

Occupuied

Not occupied

Q11

Distribution

Mean

Standard deviation

Probability

Number of recorders ordered

Normal

175

55

0.85