5 This question refers to an example in the book Production/Operations Management by Willam J. Stevenson. The example Involves acapacity-planning problem in which a company must choose to bulld a small, medium, or large production facility. The payoff obtainedwill depend on whether future demand is low, moderate, or high, and the payoffs are as glven in the following table:AlternativesSmall tacilityMedium facilstyLarge tacilityPonsible Puture DenandHighS11LowModerate06-$4614*Present value in $ millions.Suppose that the company assigns prior probabilities of 3, 5, and 2 to low, moderate, and high demands, respectively.(a) Find the expected monetary value for each alternative (small, medium, and large). (Round your answers to 1 decimal place. Enteryour answers In milons.)Maximum payoff for each alternative:EMV(Smal)EMVIMedium)EMVILarge)M(b) What is the best alternative if we use the expected monetary value criterion?Best alternative< Prev19 of 20Next>

Given : P(Low) = 0.3 P(Medium) = 0.5 P(High) = 0.2 For finding the expected monetary value, we…

Answered: This question refers to an example in…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Federated Electronics, Ltd., manufactures display screensand monitors for computers and televisions, which it sellsto companies around the world. It wants to construct a new warehouse and distribution center in Asia to serve emerg-ing markets there. It has identified potential sites in the port cities of Shanghai, Singapore, Pusan, Kaohsiung, and HongKong and has estimated the possible revenues for each(minus construction costs which are higher in some citieslike Hong Kong). At each site the projected revenues are primarily based on these factors, (1) the economic condi-tions at the port including the projected traffic, infrastruc-ture, labor rates and availability; and expansion and modernization; and (2) the future government situationwhich includes the political stability, fees, tariffs, duties,and trade regulations. Following is a payoff table thatshows the projected revenues (in $ billions) for six years given the four possible combinations for positive and nega-tive port and…
First Securities, Inc., an investment firm, has $380,000 on account. The chief investment officer would like to reinvest the $380,000 in a portfolio that would maximize return on investment while at the same time maintaining a relatively conservative mix of stocks and bonds. The following table shows the investment opportunities and rates of return. Investment Opportunity Rate of Return Municipal Bonds (X1) 0.095 High Tech Stock (X2) 0.146 Blue Chip Stock (X3) 0.075 Federal Bonds (X4) 0.070 a) The Board of Directors has mandated that at least 60 percent of the investment consist of a combination of municipal and federal bonds, at least 25 percent Blue Chip Stock, no more than 30 percent High Tech and Blue Chip Stock, and no more than 15 percent High Tech Stock. Based on above problem, how many constraints are in this problem? A) 3 B) 4 C) 5 D) 2 b) Based on part a, which of the…
How common are financial cost or contractual constraints associated with smartphone ownership? A survey of smartphone users found that 48% of the 18- to 29-year-olds, 39% of the 30- to 49-year-olds, 24% of the 50- to 64-year-olds, and 19% of those age 65 or older have reached the maximum amount of data they are allowed to use as part of their plan, at least on occasion: Suppose the survey was based on 300 smartphone owners in each of the four age groups: 18 to 29, 30 to 49, 50 to 64, and 65 and older. Complete parts (a) through (c). a. At the 0.05 level of significance, is there evidence of a difference among the age groups in the proportion of smartphone owners who have reached the maximum amount of data they are allowed to use as part of their plan, at least on occasion? Find the test statistic x 2 stat? and critcal value
How common are financial cost or contractual constraints associated with smartphone ownership? A survey of smartphone users found that 48% of the 18- to29-year-olds, 39% of the 30- to 49-year-olds, 24% of the 50- to 64-year-olds, and 19% of those aged 65 or older have reached the maximum amount of data they are allowed to use as part of their plan, at least on occasion: Suppose the survey was based on 300 smartphone owners in each of the four age groups: 18 to 29, 30 to 49, 50 to 64, and 65 and older. Complete parts (a) through (c). a. At the 0.05 level of significance, is there evidence of a difference among the age groups in the proportion of smartphone owners who have reached the maximum amount of data they are allowed to use as part of their plan, at least on occasion? The test statistic is χ2STAT= (Round to three decimal places as needed.) I am struggling in finding the expected frequency can you show in detail how you accomplish this for each…
How common are financial cost or contractual constraints associated with smartphone ownership? A survey of smartphone users found that 49% of the 18- to 29-year-olds, 37% of the 30- to 49-year-olds, 22% of the 50- to 64-year-olds, and 19% of those age 65 or older have reached the maximum amount of data they are allowed to use as part of their plan, at least on occasion: Suppose the survey was based on 200 smartphone owners in each of the four age groups: 18 to 29, 30 to 49, 50 to 64, and 65 and older. Complete parts (a) and (b) below. Use the table here to enter your data then use the TI-84 Tests. Reached Max Data 18-29 30-49 50-64 65+ Yes No Totals At the 0.05 level of significance, is there evidence of a difference among the age groups in the proportion of smartphone owners who have reached the maximum amount of data they are allowed to use as…
How common are financial cost or contractual constraints associated with smartphone ownership? A survey of smartphone users found that 49% of the 18- to 29-year-olds, 40% of the 30- to 49-year-olds, 25% of the 50- to 64-year-olds, and 19% of those age 65 or older have reached the maximum amount of data they are allowed to use as part of their plan, at least on occasion: Suppose the survey was based on 200 smartphone owners in each of the four age groups: 18 to 29, 30 to 49, 50 to 64, and 65 and older The critical value for this test is ? (round to three decimal points as needed)
How common are financial cost or contractual constraints associated with smartphone ownership? A survey of smartphone users found that 49% of the 18- to 29-year-olds, 40% of the 30- to 49-year-olds, 25% of the 50- to 64-year-olds, and 19% of those age 65 or older have reached the maximum amount of data they are allowed to use as part of their plan, at least on occasion: Suppose the survey was based on 200 smartphone owners in each of the four age groups: 18 to 29, 30 to 49, 50 to 64, and 65 and older The test statistic is χ2STAT = ? (Round to three decimial places)
How common are financial cost or contractual constraints associated with smartphone ownership? A survey of smartphone owners found that 48% of the 18- to 29-year-olds, 38% of the 30- to 49-year-olds, 25% of the 50- to 64-year-olds, and 19% of those age 65 or older have reached the maximum amount of data they are allowed to use as part of their plan, at least on occasion. Suppose the survey was based on 200 smartphone owners in each of the four age groups: 18 to 29, 30 to 49, 50 to 64, and 65+. a. At the 0.05 level of significance, is there evidence of a differ-ence among the age groups in the proportion of smartphone owners who have reached the maximum amount of data they are allowed to use as part of their plan, at least on occasion? b. Determine the p-value in (a) and interpret its meaning. c. If appropriate, use the Marascuilo procedure and a=0.05 to determine which age groups differ.
A US firm, having prior knowledge that Russia would invade Ukraine, bought 100,000 barrels of oil from Heritage Limited , a Trinidad firm . If in January 2022, the US firm enters into a forward contract to purchase the oil at US$65 per barrel to settle in November 2022, what is the gain/loss on the contract to the US firm? The spot price of oil in November averages US$100 per barrel. a. US$35,000 loss b. US$40,000 gain c. US$40,000 loss d. US$35,000 gain
Nicholas Grammas is an investment analyst examining the performance of two mutual funds with Janus Capital Group: the Janus Balanced Fund and the Janus Overseas Fund. The Janus Balanced Fund (JANBX): This “core” fund consists of stocks and bonds and its goal is diversification. It has historically produced solid long-term returns through different market cycles. The Janus Overseas Fund (JAOSX): This fund invests in overseas companies based on their individual merits instead of their geography or industry sector. The following table reports a portion of the annual returns (in percent) for these two funds from 2000–2016. Year. Balanced. Overseas 2000 -2.16 -18.57 2001 -5.04 -23.11 2002 -6.56 -23.89 2003 13.74 36.79 2004 8.71 18.58 2005 7.75 32.39 2006 10.56 47.21 2007 10.15 27.76 2008 -15.22 -52.75 2009 24.28 78.12 2010 7.83 19.28…
Dave Fletcher, the general manager of North Carolina Engineering Corporation (NCEC), thinks that his firm’s engineer-ing services contracted to highway construction firms are directly related to the volume of highway construction business contractedwith companies in his geographic area. He wonders if this is reallyso, and if it is, can this information help him plan his operationsbetter by forecasting the quantity of his engineering servicesrequired by construction firms in each quarter of the year? Thefollowing table presents the sales of his services and total amountsof contracts for highway construction over the past eight quarters: a) Using this data, develop a regression equation for predictingthe level of demand of NCEC’s services. b) Determine the coefficient of correlation and the standard errorof the estimate.
The Brazilian meat company SoCarnes wishes to start production in France. This new production is associated to a project with the following forecasted cash flows in euros (see table 1 below). The cost of capital in France is 10%, and the spot exchange rate is 6.2 BR$ / 1€ (1 euro buys 6.2 Brazilian reals). The risk-free rate for Brazil is 7% and the risk-free rate for France is 3%. Table 1 Year 0 1 2 3 4 5 CF (in euros) -1000 290 320 370 400 400 Provide another simpler method to compute the project value in Brazilian reals with the same answer as in question 2a).

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