...BSOP 209 Week 6 Homework Assignment To Buy This material Click below link http://www.uoptutors.com/bsop-209/bsop-209-week-6-homework-assignment A.2 Even though independent gasoline stations have been having a difficult time, Susan Helms has been thinking about starting her own independent gasoline station. Susan’s problem is to decide how large her station should be. The annual returns will depend on both the size of her station and a number of marketing factors related to the oil industry and demand for gasoline. After a careful analysis, Susan developed the following table: Size of First Station | Good Market ($) | Fair Market ($) | Poor Market ($) | Small | 50000 | 20000 | -10000 | Medium | 80000 | 30000 | -20000 | Large | 100000 | 30000 | -40000 | Very Large | 300000 | 25000 | -160000 | For example, if Susan constructs a small station and the market is good, she will realize a profit of $50,000. e) Develop a decision tree. Assume each outcome is equally likely, then find the highest EMV. • A.3 Clay Whybark, a soft-drink vendor at Hard Rock Cafe’s annual Rockfest, created a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd): | States of Nature ( demand) | Alternatives | Big | Average | Small | Large Stock | $ 22000 | $ 12000 | -$ 2000 | Average Stock | $ 14000 | $ 10000 | $ 6000 | Small Stock | $ 9000 | $ 8000 | $ 4000 | The probabilities associated with the states of nature are 0...
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...BSOP 209 Week 2 Homework Assignment To Buy This material Click below link http://www.uoptutors.com/bsop-209/bsop-209-week-2-homework-assignment 4.24 Howard Weiss, owner of a musical instrument distributorship, thinks that demand for bass drums may be related to the number of television appearances by the popular group Stone Temple Pilots during the previous month. Weiss has collected the data shown in the following table: Stone Temple Pilot’s TV Appearances | Demand for Bass Drums | 3 | 3 | 4 | 6 | 7 | 7 | 6 | 5 | 8 | 10 | 5 | 7 | a) Graph these data to see whether a linear equation might describe the relationship between the group’s television shows and bass drum sales. b) Use the least-squares regression method to derive a forecasting equation. c) What is your estimate for bass drum sales if the Stone Temple Pilots performed on TV nine times last month? d) What are the correlation coefficient (r) and the coefficient of determination (r2) for this model, and what do they mean? 4.46 Thirteen students entered the business program at Hillcrest College 2 years ago. The following table indicates what each student scored on the high school SAT math exam and their grade-point averages (GPAs) after students were in the Hillcrest program for 2 years. Student | SAT Score | GPA | A | 421 | 2.90 | B | 377 | 2.93 | C | 585 | 3.00 | D | 690 | 3.45 | E | 608 | 3.66 | F | 390 | 2.88 | G | 415 | 2.15 | H | 481 | 2.53 | I | 729 | 3.22 | J...
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...BSOP 209 Week 2 Homework Assignment To Buy This material Click below link http://www.uoptutors.com/bsop-209/bsop-209-week-2-homework-assignment 4.24 Howard Weiss, owner of a musical instrument distributorship, thinks that demand for bass drums may be related to the number of television appearances by the popular group Stone Temple Pilots during the previous month. Weiss has collected the data shown in the following table: Stone Temple Pilot’s TV Appearances | Demand for Bass Drums | 3 | 3 | 4 | 6 | 7 | 7 | 6 | 5 | 8 | 10 | 5 | 7 | a) Graph these data to see whether a linear equation might describe the relationship between the group’s television shows and bass drum sales. b) Use the least-squares regression method to derive a forecasting equation. c) What is your estimate for bass drum sales if the Stone Temple Pilots performed on TV nine times last month? d) What are the correlation coefficient (r) and the coefficient of determination (r2) for this model, and what do they mean? 4.46 Thirteen students entered the business program at Hillcrest College 2 years ago. The following table indicates what each student scored on the high school SAT math exam and their grade-point averages (GPAs) after students were in the Hillcrest program for 2 years. Student | SAT Score | GPA | A | 421 | 2.90 | B | 377 | 2.93 | C | 585 | 3.00 | D | 690 | 3.45 | E | 608 | 3.66 | F | 390 | 2.88 | G | 415 | 2.15 | H | 481 | 2.53 | I | 729 | 3.22 | J...
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