Econ 510
CONSULTING PROJECT
Pricing Decisions at PoolVac, Inc
PoolVac, Inc. manufactures and sells a single product called the Sting Ray, which is a
patent-protected automatic cleaning device for swim
ECN 510
1. Qd = a + bP + cMavg + dPH
2728.8 10.758p + .021420Mavg + 3.166ph
2.
Slope -10.758 degree of freedom 2.074
n = 26 k = 4
|2.074| < -8.09
< 2.27
< 2.36
The parameters of b, c, and d are all st
Morris Graduate School of Management
ROBERT MORRIS COLLEGE
ECN 510 MANAGERIAL ECONOMICS
Instructor N. Marchenko
Exam 1
Name: Date: January 2, 2008
1.
During a year of operation, a firm collects $450,0
ECON 510
Page 153, #14 -16
14. An experiment has four equally likely outcomes: E1, E2, E3, E4.
a. What is the probability that E2 occurs?
b. What is the probability that any two of the outcomes occur
Morris Graduate School of Management
ROBERT MORRIS COLLEGE
ECN 510 MANAGERIAL ECONOMICS
Instructor N. Marchenko
Exam 1 Explanation
1.
During a year of operation, a firm collects $450,000 in revenue an
ECN 510
Pre-assignment
Define or explain each of the terms:
Section 2.1
1. Demand curve-a graph showing the relation between quantity demanded and price
when all other variables influencing quantity d
ECON 510
Probability
1.
An experiment is any process that generates well-defined outcomes.
2.
The sample space for an experiment is the set of all experimental outcomes.
3.
An experimental outcome is
Econ 510
Chapter 5&6
11. Nationally, 38% of fourth-graders cannot read an age-appropriate book. The
following data show the number of children, by age, identified as learning disabled under
special ed
ECON 510 Assignment #1
Pages 17 19, Exercises 2,5,8,10,11
2.
a. 9
b. 4
c. Qualitative: Country and Room Rate
Quantitative: Number of Rooms and Overall Score
d. Country is nominal; Room Rate is ordinal
Running head: INTERNATIONAL MANAGEMENT EVENT
1
International Event Management
Name
Institutional of Affiliation
INTERNATIONAL MANAGEMENT EVENT
2
TABLE OF CONTENTS
Introduction. 4
State Event Chosen.4