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Mr. Smith replaces the battery in his car as soon as it dies. Suppose the battery lifetimes are iid Erlang with parameters k = 3 and λ=1 (per year). Compute the long-run replacement rate if Mr. Smith replaces the battery upon failure
The lifetime of a machine is an Erlang random variable with parameters k = 2 and λ=0.2 (per day). When the machine fails, it is repaired. The repair times are Exp(µ) with mean 1 day. Suppose the repair costs $10 per hour. The machine produces revenues at a rate of $200 per day when it is working. Compute the long-run net revenue per day.
Do you agree, or can corporate social responsibility be consistent with profit maximization? Support your answer.
Suppose X ~ N (2, s = 3). Evaluate the probability density function of X at the value x = 3. Give an explicit formula for the function value
Assume a specific factors economy produces two goods, cloth and food, and that when representing the output of this economy graphically, cloth is on the x-axis and food is on the y-axis. Movement of labor from a Foreign country to the domestic (Home)..
An absence of property rights often leads to market failure. When this is the case, how does society usually solve the problem?
To raise money for a new business a man asks you to loan him some money. He offers to pay you $3000 at the end of four years. How much should you give him now if you want 12% interest per year on your money?
What is an example of using a regression technique in the workplace (example: using regression analysis for forecasting sales, or demand of a product)
Suppose that you have homothetic tastes that happen to have the special property that indifference curves on one side of the 45-degree line are mirror images of indifference curves on the other side of the 45-degree line. Suppose that your tastes can..
Chronological order from earliest to latest:
The company's cost of equity is 13 percent, and its cost of debt is 6.5 percent. The tax rate is 35 percent. What is Fama's debt-equity ratio?
As alliances mature, managers are likely to face complex issues about how much individual members must conform to and place alliance interests ahead of their own. Further, there may be conflict about how to distribute the benefits (resources) that al..
Below are the supply and demand schedules for fresh coffee in Vancouver:
The income elasticity for most staple foods, such as wheat, is known to be between zero and one.
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