Name:

Directions: * The following software may be used: * Excel->Data Analysis * Excel QM * QM for Windows (PC only) * Please make sure to insert your answers, including any charts, graphs, or output, on this document. You may be required to also upload original files from Excel or QM for Windows. * The calculations are not your final answer. A summary/explanation in your own word for each question posed should be included. * Question 6 requires the use of the States Data File. The States Data file is located in Doc Sharing->Instructor Graded Projects. * Be sure to put your name on this document and save it to your computer. Upload this Word document as your Unit 7 submission in the course Drop Box.

Submitting Your Project:

* Save your project in a location that you will remember and with your full name. When you are ready to submit your project, click on the Dropbox and complete the steps below: * Click the link that says, “Submit an Assignment.” * In the “Submit to Basket” menu, select Unit 7 Project. * In the “Comments” field include your name. * Click the “Add Attachments” button. * Follow the steps listed to attach your Word Document. * You should revisit the Dropbox to view any helpful feedback your instructor has and to retrieve your graded project. * Make sure that you save a copy of your submitted project.

1. Even though independent gasoline stations have been having a difficult time, Susan Solomon has been thinking about starting her own independent gas station. Susan’s problem is to decide how large her station should be. The annual returns will depend on both the size of the station and a number of marketing factors related to oil industry and demand for gasoline. After careful analysis, Susan developed the following table:

Size of Gasoline Station | Good