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You are contemplating installing a security system (cameras, wiring, monitor, recorder etc) in one of your apartment buildings. If you install the system, your insurance carrier will reduce your annual premium each year for the 10 year useful life of the system. Your insurance premium is due at the beginning of the year and you expect to save $350 the first year. You expect that your savings will increase at an annual rate of 4%. What is the most that you would pay to install this system if your Minimum Acceptable Rate of Return (MARR) on such investments is 10% and the residual value of the system would be 25% of its initial cost?
Calculate output per worker and consumption per worker for each country. Which country has the highest output per worker? The highest consumption per worker?
A frim determines that X units of its product can be sold daily at P dollars per units per day is C(x) =120-1/2p and where the cost of producing X units per day is C(X)=10+30x A) Assuming that the production capacity is 40 units per day, determine..
Suppose you have some information on a sample of investment bankers, and are interested in impacts of height and of seniority on their success.
This year 200 workers will lose their jobs, 170 workers will return to the labor force after an absence 1100 workers will voluntaryly leave their jobs, and 50 new workers will enter the labor force. At the same time 726 workers will find jobs, and ..
When testing whether each of independent variables in a multiple regression equation is statistically significant in describing variations in the dependent variable,
During a recession, the hotdog project will earn $12,000.00 and the Champaign project will lose $8,000.00. If the alternative is earning $3,000.00 on government Treasury bill (T-bill), what should the manager do? Why?
In a population Y=100 and Y=43. Use the central limit theorem to answer the following questions a. In a random sample of size n=100, find P(Y or = 98).
Design specifications require that the diameter of an automotive axel measure 200 ± 18 mm. The milling process being considered for producing the axel has a standard deviation of 10mm. a. What is the process capability
A sales engineer has the following alternatives to consider in touring his sales territory. (a) Buy a new car for $14,500. Salvage value is expected to be about $5000 after 3 years. Maintenance and insurance cost is $1000 in the first year and inc..
A risky asset has two possible outcomes. Outcome 1 pays $20 with 20% probability, and outcome 2 pays $50 with 80% probability. What is the standard deviation of payoffs of this asset
When watching television after dinner, you suffer memory loss. You can not remember what demonstrate you just watched or what you ate for dinner.
The Clap Chemical Company needs a large insulated stainless steel tank to expand its plant. Clap has located such a tank at a recently closed brewery. The brewery has offered to sell the tank for $15,000 delivered.
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