Zeus Computer Chips, Incorporated, used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the quad-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its product lines. Here is demand over the past 12 quarters: QUARTER LAST QUARTER THIS QUARTER TWO YEARS AGO DEMAND YEAR DEMAND YEAR DEMAND 1 4,790 1 3,490 1 3,190 2 3,490 2 2,690 2 2,096 3 4,290 3 3,490 3 2,690 2,990 4 2,390 4 1,690 Use the regression and seasonal indexes to forecast demand for the next four quarters. Note: Round your intermediate calculations and answers to 2 decimal places. Period Forecast (Units) 1 2 3 4
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- Rework problem 23 in section 6.3 of your textbook (page 276) except use the following data instead of the data in the textbook: Assume that the production of 1 unit of magnesium requires 0.2 units of magnesium and 0.3 units of aluminum, and that the production of 1 unit of aluminum requires 0.2 units of magnesium and 0.8 units of aluminum.Find the production schedule that satisfies an external demand for 30 units of magnesium and 60 units of aluminum. Rework problem 23 in section 6.3 of your textbook (page 276) except use the following data instead of the data in the textbook: Assume that the production of 1 unit of magnesium requires 0.2 units of magnesium and 0.3 units of aluminum, and that the production of 1 unit of aluminum requires 0.2 units of magnesium and 0.8 units of aluminum. Please look at attched image and show steps to solve for solutionZeus Computer Chips, Incorporated used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the quad-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its product lines. Here is demand over the past 12 quarters: QUARTER TWOYEARS AGO DEMAND QUARTER LASTYEAR DEMAND QUARTER THISYEAR DEMAND 1 4,800 1 3,500 1 3,200 2 3,500 2 2,700 2 2,100 3 4,300 3 3,500 3 2,700 4 3,000 4 2,400 4 1,700 Use the regression and seasonal indexes to forecast demand for the next four quarters. Note: Do not round intermediate calculations. Round your answers to 2 decimal places.Problem 3: car-planes and city size. Consider a regional economy with 12 million workers and an urban utility curve of u(n) = 15 + 12n − 2n2, where n is the number of workers in millions. Initially the region has four cities, each of the same size. Suppose city A introduces carplanes to replace regular cars for commuting and its urban utility function is u(n) = 15 + 12n − n2. Predict the effect of the carplane on the equilibrium distribution of population between cities the equilibrium utility level and regional utility.
- Problem 1: Another nearby town, Marketon, has so far avoided the disease. But its weekend market it coming up, and Etherly usually sends some merchants to market. Marketon doesn't want to refuse entirely (the apples from Etherly are a knockout) but also doesn't want to risk too much. They agree to allow three people from Etherly to bring the entire town's wares to Marketon for market. Obviously no one who's feeling sick will go. There are 300 adults who live in Etherly, including 50 are already feeling sick. Unfortunately, unknown to all of them (and to Marketon) there are 30 asymptomatic adult carriers of the disease in Etherly. How likely is it that one or more of the three people who travel to market in Marketon are asymptomatic carriers? Problem 2: Unfortunately, it turns out that two of the three people from Etherly who are at market at Marketon are asymptomatic carriers of the disease. The sickness is passed with probability 0.04 per contact per day, the average length of…HW 2 - Problem 4Problem#1: On the desk of an office of a Banking Company, the arrivals of the customers follow poisson law and an average at every 10 minutes a customer arrives. The officer responsible takes on an average 6 minutes to serve a customer, assuming the exponentially distributed. Find out the average arrival rates for(a) 1 hour(b) 15 minutes(c) 8 hours
- question 8 Purchasing Enormous State University's Business School is buying computers. The school has two models to choose from: the Pomegranate and the iZac. Each Pomegranate comes with 800 GB of memory and 50 TB of disk space, and each iZac has 600 GB of memory and 100 TB of disk space. For reasons related to its accreditation, the school would like to be able to say that it has a total of at least 540,000 GB of memory and at least 65,000 TB of disk space. Draw the feasible region that shows the number of each kind of computer it can buy. (Place the Pomegranate on the x-axis and the iZac on the y-axis.) Find the corner points of the region. (Order your answers from smallest to largest x, then from smallest to largest y. If an answer does not exist, enter DNE.) (x, y) = (x, y) = (x, y) =Problem 15-11 (Algorithmic) Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.5 customers arrive each hour. One design consultant is available to answer customer questions and make product recommendations. The consultant averages 10 minutes with each customer. Compute the operating characteristics of the customer waiting line, assuming Poisson arrivals and exponential service times. If required, round your answers to four decimal places. Lq = L = Wq = W = Pw = Service goals dictate that an arriving customer should not wait for service more than an average of 5 minutes. Is this goal being met? If not, what action do you recommend? If the consultant can reduce the average time spent per customer to 8 minutes, what is the mean service rate? If required, round your answer to one decimal place.______________customer per hourWill the service goal be met? Yes or…Question 1 The UWI Open Campus has commissioned a study to determine how student will perform in ECON3080 based on the hours of studying each semester. Students are separated by gender and the results of the study are given below: Males Females Hours Studying ECON3080 Grade Hours Studying ECON3080 Grade 377 92 182 51 280 100 99 41 187 99 44 38 225 62 387 90 157 91 200 75 280 99 331 48 80 32 263 78 374 88 377 93 141 59 297 49 385 72 229 88 238 30 254 80 105 94 347 80 180 53 119 55 288 48 142 67 241 96 293 45 72 57 318 36 314 82 319 94 196 81 60 60 209 79 319 42 306 79 184 81 167 51 193 56 380 44 239 34 389 88 144 49 122 49 97 100 354 76 337…
- QUESTION 5 A country club wants to exam the effects of a new marketing campaign that attempts to get more people within the community to become members. In many communities, when people buy a house in the area, they receive a “Welcome Wagon” gift basket containing coupons to local restaurants. The idea of the marketing campaign is to include a free two month membership to the country club in the gift basket with the hope that once “new” residents try the country club then at least a certain proportion will want to become real members. One member of the Club’s Executive Council believes that at least 80% of the people who receive the coupons for the free membership will use the coupon. In a sample of 197 new residents who received the coupon for the two month free membership, there were 136 people who actually took advantage of the free two month membership. When testing the hypothesis that at least 80% of the people that receive the coupon actually use it, what is the test statistic?…Working Problem 4.15Question 4 A country club wants to exam the effects of a new marketing campaign that attempts to get more people within the community to become members. In many communities, when people buy a house in the area, they receive a “Welcome Wagon” gift basket containing coupons to local restaurants. The idea of the marketing campaign is to include a free two month membership to the country club in the gift basket with the hope that once “new” residents try the country club then at least a certain proportion will want to become real members. One member of the Club’s Executive Council believes that at least 25% of the people who receive the coupons for the free membership will use the coupon. When testing the hypothesis that at least 25% of the people who receive the coupons for the free membership will use the coupon, what is the null and alternative hypothesis?