# Quantitative Chapter 1 and 2 Essays

Decent Essays

MBA 570 Homework Questions Chapter 1 and 2

Chapter 1
(1-20)
Mysti Farris (See problem 1-19) is considering raising the selling price of each cue to \$50 instead of \$40. If this is done while the costs remain the same, what would the new breakeven point be? What would the total revenue be at this breakeven point? (Given in problem 1-19: fc of 2400 and vc of 25)

(1-21)
Mysi Farris (see problem 1-19) believes that there is a high probability that 120 pool cues can be sold if the selling price is appropriately set. What selling price would cause the breakeven point to be 120? (Given in problem 1-19: fc of 2400 and vc of 25)

(1-23)
A couple of entrepreneurial business students at state university decided to put their education …show more content…

Half of the 1000 employees were involved in some type of exercise. a. What is the probability that an employee will have a cold next year? b. Given that an employee is involved in an exercise program, what is the probability that he or she will get a cold next year? c. What is the probability that an employee who is not involved in an exercise program will get a cold next year? d. Are exercising and getting a cold independent of events? Explain your answer.

(2-31)
What are the expected value and variance of the following probability distribution? Random Variable X | Probability | 1 | .05 | 2 | .05 | 3 | .10 | 4 | .10 | 5 | .15 | 6 | .15 | 7 | .25 | 8 | .15 |

(2-35)
Trowbridge Manufacturing produces cases for personal computers and other electronic equipment. The quality control inspector for this company believes that a particular process is out of control. Normally, only 5% of all cases are deemed defective due to discolorations. If 6 such cases are sampled, what is the probability that there will be 0 defective cases? What is the probability that there will be exactly 1 defective case?

(2-37)
An industrial oven used to cure sand cores for a factory manufacturing engine blocks for small cars is able to maintain fairly constant temperatures. The temperature range of the oven follows a normal distribution with a mean of 450 degrees F and a standard deviation of 25 degrees F. Leslie Larsen, president of the