Homework #3 (Part 3)
STAT 2112
1. Jeffrey Mogul is a Hollywood film producer and he currently evaluating a script for a movie by
a new screenwriter and director, Betty Jo Thurston. Jeffrey knows that the probability of a film by a
new director being a suc
Homework #2 (Part 1)
STAT 2112
1. Janet Kim, president of Kim Manufacturing, Inc., is considering whether to build more
manufacturing plants in Manitoba. Her decision is summarized in the following table:
Alternatives
Favourable Market ($)
Unfavourable Ma
Homework #3 (Part 2)
1.
STAT 2112
The Humber Company is going to introduce one of three new products: a widget, a hummer, or
a nimnot. The market conditions (favourable, stable, or unfavourable) will determine the profit
or loss the company realizes, as s
Homework #6 (Part 2)
1.
STAT 2112
A hospital dietitian prepares breakfast menus every morning for the hospital patients. Part of
the dietitians responsibility is to make sure that minimum daily requirements for vitamins A
and B are met. At the same time,
Homework #4 (Part 2)
STAT 2112
1. The Munchies Cereal Company makes a cereal from several ingredients. Two of the
ingredients, oats and rice, provide vitamins A and B. The company wants to know how many
ounces of oats and rice it should include in each bo
Homework #6 (Part 1)
1.
STAT 2112
(Transportation problem) The Roadnet Transport Company has expanded its shipping
capacity by purchasing 90 trailer trucks from a competitor that went bankrupt. The company
subsequently located 30 of the purchased trucks a
Homework #3 (Part 1)
1.
STAT 2112
An investor must decide between two alternative investments stocks and bonds. The return for
each investment given two future economic conditions is shown in the following payoff table.
Investment
Economic Conditions
Good
Homework #1
STAT 2112
1. Even though independent gasoline stations have been having a difficult time, Susan Solomon
has been thinking about starting her own independent gasoline station. Susans problem is to decide
how large her station should be. The ann
Homework #5 (Part 2)
STAT 2112
1. (Investment decision) The Turner-Laberge Brokerage firm has just been instructed by one of
its clients to invest $250 000 for her, money obtained recently through the sale of land holdings in
British Columbia. The client
STAT 2112
ASSIGNMENT 1
Property Purchase Strategy (from the textbook, data altered)
Gordon Frantini, president of Lakeshore Development Corporation,
is considering submitting a bid to purchase property that will be sold
by sealed bid at a city tax foreclo
Homework #2 (Part 3)
STAT 2112
The Americo Oil Company is considering making a bid for a shale oil development contract to be
awarded by the federal government. The company has decided to bid $110 million. The company
estimates that it has a 60% chance of
Homework #5 (Part 1)
1.
STAT 2112
The Pyrotec Company produces three electrical products clocks, radios, and toasters. These
products have the following resource requirements.
Resource
Requirements
Cost/Unit
Labor Hours/Unit
Clock
$7
2
Radio
$10
3
Toaster
Homework #2 (Part 2)
STAT 2112
1. A group of radiologists is considering opening a private imaging centre, offering imaging
services such as CAT scans and MRIs. If the provincial government liberalizes access to private
services, the radiologist could rea
STAT 233 Quantitative Methods for Business
Chapter 7: Introduction to Linear Programming
Management decisions in many organizations involve trying to make the most effective use of
resources. Resources typically include machinery, labor, money, time, ware
Midterm Review Problems
1.
STAT 2112
Part I . Place-Plus, a real estate development firm is considering several alternative
development projects. These include building and leasing an office park, purchasing a
parcel of land and building and office buildi
STAT 2112 Quantitative Methods for Business
Chapter 4: Decision Analysis
Section 4.1 Problem Formulation
Example 1: Pittsburgh Development Corporation (PDC) purchased land that will be the site of a
new luxury condominium complex. PDC commissioned prelimi
STAT 2112
Homework #3 (Part 1) Solutions
1.
An investor must decide between two alternative investments stocks and bonds. The return for
each investment given two future economic conditions is shown in the following payoff table.
Investment
Economic Condi
STAT 233
Homework #4 (Part 1)
Solutions
1. The Pinewood Furniture Company produces chairs and tables from two resources labor and wood.
The company has 80 hours of labor and 36 pounds of wood available each day. Demand for chairs is
limited to six per day
Homework #1 (Solutions)
STAT 2112
1. Even though independent gasoline stations have been having a difficult time, Susan Solomon
has been thinking about starting her own independent gasoline station. Susans problem is to decide
how large her station should
Homework #4 (Part 1)
STAT 233
1.
The Pinewood Furniture Company produces chairs and tables from two resources labor and
wood. The company has 80 hours of labor and 36 pounds of wood available each day.
Demand for chairs is limited to six per day. Each cha
STAT 2112
ASSIGNMENT 1
Property Purchase Strategy (from the textbook, data altered)
Gordon Frantini, president of Lakeshore Development Corporation,
is considering submitting a bid to purchase property that will be sold
by sealed bid at a city tax foreclo
Descriptive Statistics,
Frequency Distribution
RSMT 1500 ( quantitative research Method)
Based on ; Elementary Statistics
Picturing the World (6th edition)
Prepared by;
Mona BayaniKeyvani
Descriptive Statistics
Presenting a data in a frequency
distributi
Descriptive Statistics,
Measures of Central Tendency
RSMT 1500 ( Quantitative Research Methods)
Based on ; Elementary Statistics
Picturing the World (6th edition)
Prepared by;
Mona BayaniKeyvani
Measures of Central Tendency
A
of central tendency is a valu
STAT 1112 Quiz
1. In a particular country, household income is not normally distributed, with a mean of $12000 per
year, and a standard deviation of $8000. If you take a sample of 48 households in this country,
what is the probability that the sample mean
Hypothesis Testing;
Two samples
RSMT 1500 ( quantitative research Method)
Based on ; Elementary Statistics
Picturing the World (6th edition)
Prepared by;
Mona BayaniKeyvani
Two Sample Hypothesis Test
Compares two parameters from two
populations.
Independe
Probability
Based on ; Elementary Statistics Picturing
the World (6th edition)
RSMT 1500( Quantitative Research Methods)
Prepared by;
Mona BayaniKeyvani
Probability
Probability
is chance and likelihood of an event
happening.
Probability is frequently expr