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CITYWIDE FITNESS CENTER, INC. – QUESTIONS

Your firm has been hired by Citywide Fitness Center to provide an analysis of the situation. Write a report using the report writing guide from the course website. Before beginning to write the report, what issues must be addressed in the case? Does your firm require additional information? If so, what is the additional information needed? Citywide Fitness Center is also concerned with input on the following questions:

Q. 1. Using the Excel data set found on the course web site, perform linear regression analysis to obtain an equation to predict age at death given a specific cholesterol level. Predict the age at which Tommy will die given his cholesterol level is 310 mg/dL. Interpret the slope in the context of this problem. Interpret the coefficient of determination.

Q. 2. Suppose it costs $2,500 to buy a defibrillator. Find the expected value of owning a defibrillator if there is a 4% probability that Citywide Fitness Center will lose a lawsuit regarding its operation, with each lawsuit resulting in Citywide Fitness Center being liable in the amount of $1,000,000.