MAT 540 Assign 3 Nora Bennett Q5. Using the discrete distribution chart shown, I created an Excel chart featuring the Probability of each repair time in days and the cumulative probability of each, so I could use the =LOOKUP formula to create the time between breakdowns in Q2. This shows that if the random number falls: between 0 and 0.2 it will take 1 day to repair between 0.2 and 0.65 it will take 2 days to repair between 0.65 and 0.90 it will take 3 days to repair and between 0.90
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1.Identify the part of setting up a simulation in Excel that you find to be the most challenging, and explain why. Identify resources that can help you with that. Using Excel in general is very difficult for me. From manipulating and navigating the ribbons to inserting graphs, pictures, and formulas. According to our textbook, a simulation is the replication “of a real system with a mathematical model that can be analyzed with a computer” (Taylor, p. 805, 2010). The part of setting up a simulation
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Consider this scenario: your school is planning to make toques and mitts to sell at the winter festival as a fundraiser. The school’s sewing classes divide into two groups – one group can make toques, the other group knows how to make mitts. The sewing teachers are also willing to help out. Considering the number of people available and time constraints due to classes, only 150 toques and 120 pairs of mitts can be made each week. Enough material is delivered to the school every Monday morning
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Julia is a student seeking a way in which to subsidize her education. She has decided to rent a food booth to sell items at home football games. Having decided to sell pizza, hot dogs, and BBQ sandwiches, Julia needs to decide specifically which items to sell, and what prices she should charge to maximize the profit on her initial investment of $1500. Julia will be selling her products twice per game and decides to sell pizza slices and hot dogs for $1.50, and BBQ sandwiches for $2.25. The Time
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"Impact of Government Regulation" Please respond to the following: •* From the scenario for Katrina’s Candies, take a position as to whether government regulation is constraining or enabling in this situation, as it relates to the operational efficiency of the company. Speculate on the fundamental manner in which government regulation could impact the shareholders’ wealth and profitability. Considering the scenario for Katrina’s Candies, I believe the government regulation is enabling in this situation
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Assignment #1: JET Copies Case Problem Strayer University MAT540: Quantitative Methods October 29, 2013 JET Copies is a company designed to alleviate a longer commute and longer wait time, and possibly have a more cost efficient method for the college students to make copies. The three students James, Ernie, and Terri decided to go into business together with a copying business initiative. Considering what was ahead of the new business, for example, possible machine downtime and days to repair
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Jet Copies Company Breakdown Simulation p(y) Cumulative Repair Time y 0.2 0 1 0.45 0.2 2 0.25 0.65 3 0.1 0.9 4 Time Between Cumulative Repair Breakdown RN1 Breakdown X Time RN2 Time RANDBETWEEN(2000,8000) Total # of copies Loss of Revenue 1 0.34 3.48 3.48 0.78 3.00 3244 9732 $973.20 2 0.32 3.41 6.89 0.06 1.00 5332 5332 $533.20 3 0.09 1.84 8.73 0.73 3.00 7922 23766
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Employers often want to find out if their workers are productive and loyal. Determine at least one limit that you would place upon a private employer’s rights to monitor the productivity and communications of employees at work. Support your response. Businesses contend that monitoring to increase employee productivity, efficiency, and work quality is necessary in order to compete in the global marketplace. This is also necessary to ensure workers are productive and loyal to the company. Employers
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Introduction This paper will answer the question whether or not JET Copies, a new copier company established by three friends, should purchase a smaller copier as a backup for the primary copier when the primary copier is not in service. The owners of the company have purchased a primary copier similar to the one in the dean’s school of business. During making their decision to purchase, the owners received positive information from the seller regarding the copier reliability. The price of the primary
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Michelle D. Griner MAT540 – Professor Johnson Strayer University Formulate a linear programming model for Julia that will help you to advise her if she should lease the booth. Formulate the model for the first home game. Explain how you derived the profit function and constraints and show any calculations that allow you to arrive at those equations. Let, X1 =No of pizza slices, X2 =No of hot dogs, X3 = No of barbeque sandwiches Objective function co-efficient: The objective is to maximize
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