FinalaAnswers - Quantitative Analysis BA 452 Final Exam...

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Quantitative Analysis BA 452 Final Exam Version A Questions 1 BA 452 Dr. Jon Burke Final Exam Version A This is your Final Exam. The Final is a 150-minute exam (2hr. 30 min.). There are 7 questions (about 21 minutes per question). To avoid the temptation to cheat, you cannot take this exam if you arrive more than 10 minutes late, and you cannot (without permission) leave the room and re- enter during the exam. Exam Grading Each individual question on the following exam is graded on this 4-point scale: 4 points if all is correct --- or there is only a small error. 3 points for missing or doing wrong part of a problem, but the rest is correct. 2 points for a reasonable attempt. 1 point if there is at least something of value in the attempt. After all individual questions are graded, I sum the individual scores, then compute that total as a percentage of the total of all points possible. I then apply a standard grading scale to determine your letter grade: 90-100% A; 80-89% B; 70-79% C; 60-70% D; 0-59% F Finally, curving points may be added to letter grades for the entire class (at my discretion), and the resulting curved letter grade will be recorded on a standard 4-point numerical scale: A = 4, A- = 3.7, B+ = 3.3, … Tip: Pace yourself. When there is only ½ hour left, spend at least 5 minutes outlining an answer to each remaining question. For all of the exam, you may only use blank or graph paper, pencils, a ruler, and a calculator. You may not use a computer or notes.
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Quantitative Analysis BA 452 Final Exam Version A Questions 2 Manipulating Alternatives to No Agreement Question 1. Consider negotiations over the rental price for air compressors between Best Buy in Thousand Oaks and Radkat Compressed Air Co. of Simi Valley. Best Buy seeks a compressor for the 3 days of the labor-day weekend (Saturday, Sunday, Monday). The only company currently known to have the right kind of compressor (Radkat) is willing to rent their only compressor for as little as $100 per day. Best Buy hires a quantitative analyst who determines that Best Buy using the compressor adds $300 to profits each day (that is, the dual price is $300). On Friday night at 6pm, Best Buy confronts Radkat over the rental price. Best Buy presents their offer of their price to rent. Radkat either accepts it or rejects it and returns the next day with a counteroffer. Offers alternate thereafter. The air compressor is only rented in those days after an agreement is reached. What initial rental rate should Best Buy offer to Radkat? Should Radkat accept that initial offer? Now suppose that, on Friday night at 5pm, Best Buy is given a take-it-or- leave-it offer to be supplied a compressor by Compressed Air Supply Co. for $200 per day. Re-compute Best Buy’s rental rate offer to Radkat.
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This note was uploaded on 05/20/2011 for the course ECON 5128 taught by Professor Ram during the Spring '11 term at Cambridge College.

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FinalaAnswers - Quantitative Analysis BA 452 Final Exam...

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