Quantitative Chapter 1 and 2 Essays

915 Words Sep 20th, 2013 4 Pages
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
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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

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