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Q1) Lauren Moore has sold her business for $500,000 and wishes to invest in condominium units (which she intends to rent) and land (which she will lease to a farmer). She evaluates that she will get the annual return of $8,000 for each condominium and $6,000 for each acre of land. Condominium unit costs $70,000, and land costs $30,000 per acre. Condominium will cost her $1,000 per unit, an acre of land will cost $2,000 for maintenance and upkeep, and $14,000 has been budgeted for these annual expenses. Lauren wishes to know how much to invest in condominiums and land to maximize her annual return.
a) Create a mixed integer programming model for this problem.
b) Solve this model using computer.
Suppose that data is recorded for equal period of "before"-"after" time. Use 1% level for risk. Given processed data, explain what John must do.
If one invested in Stock A, Determine standard deviation of percentage return?
Martin Motors has in stock three cars of the same make and model. The president would like to evaluate the gas consumption of the three cars (labeled car A, car B, and car C) using four different types of gasoline. For each trial, a gallon of gaso..
Write down the probability of that the median of the sample or average medians is greater or more than 320 minutes?
Each vehicle had the gallon of gas added to the empty tank and then driven until empty. Number of miles travelled for all twelve readings are below. Use data to compute the mean and median mileages.
The Scatter plot can more easily be generated using the Chart procedure.
Can one conclude at a level of significance of .01 that the new ball has improved his game?
At a board meeting of 20 businessmen, all of whom wear ties, what is the probability that:
P(A 1 )= .20, P(A 2 ), and P(A 3 )= .40. P(B 1 I A 1 ) = .25. P(B 1 I A 2 ) = .05. P(B 1 I A 3 )=.10. Use Bayes' theorem to determine P(A 3 I B 1 )
Calculate an 85% confidence interval for the population mean number of wolf pups per den at southwestern United States (US).
At 95% level of confidence, can we conclude that the babies using the Gibbs product gained less weight?
A manufacturer of dodge balls uses a machine to inflate its new balls to a pressure of 13.5 pounds (σ =0.1). When the machine is properly calibrated, the mean inflation pressure s 13.50 pounds, but uncontrollable factors can cause the pressure of ..
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