MAT 540 WEEK 1 DISCUSSION

MAT 540 WEEK 1 DISCUSSION

 

 

“Class Introductions”  Please respond to the following:
  • Please introduce yourself, including your educational and career goals, as well as some personal information about yourself. In your introduction, please draw from your own experience (or use a search engine) to give an example of how probability is used in your chosen profession. If you get your information from an online or other resource, be sure to cite the source of the information.

 

 

 

 

 

Latest A+ Graded at link below

 

 

 

 

https://hwacer.com/Tutorial/mat-540-week-1-discussion/

 

 

 

 

 

 

“Class Introductions”  Please respond to the following:
  • Please introduce yourself, including your educational and career goals, as well as some personal information about yourself. In your introduction, please draw from your own experience (or use a search engine) to give an example of how probability is used in your chosen profession. If you get your information from an online or other resource, be sure to cite the source of the information.

 

“Class Introductions”  Please respond to the following:
  • Please introduce yourself, including your educational and career goals, as well as some personal information about yourself. In your introduction, please draw from your own experience (or use a search engine) to give an example of how probability is used in your chosen profession. If you get your information from an online or other resource, be sure to cite the source of the information.
“Class Introductions”  Please respond to the following:
  • Please introduce yourself, including your educational and career goals, as well as some personal information about yourself. In your introduction, please draw from your own experience (or use a search engine) to give an example of how probability is used in your chosen profession. If you get your information from an online or other resource, be sure to cite the source of the information.
MAT 540 Week 1 Discussion, MKT 500 Week 4 Discussion, FIN 534 Week 1 Discussion 1, MAT 540 Week 8 Assignment 1, MAT 540 Week 8 Assignment, SCI 115 Week 10 QUIZ 10, HIS 105 Week 11 Discussion, His 105 Week 10 Discussion, His 105 Week 5 Discussion, His 105 Week 4 Discussion, BUS 375 Week 4 Discussion, SCI 115 Week 3 Discussion, BUS 375 Week 3 Discussion, SCI 115 Week 2 Discussion, SCI 115 Week 2 Quiz 2, SCI 115 Week 2, SCI 115 Quiz 2, SCI 115 Week 2 Cell Structure Lab Assessment, HIS 105 Week 2 Discussion, HIS 105 Week 2 QUIZ 1 ,BUS 375 Week 1 Discussion, PAD 599 Week 10 Discussion, PAD 599 Week 10 Discussion 1, PAD 599 Week 10 Discussion 2, PAD 599 Week 9 Discussion, PAD 599 Week 9 Discussion 1, PAD 599 Week 9 Discussion 2, PAD 599 Week 3 Discussion 1, PAD 599 Week 3 Discussion 2, PAD 530 Week 7 Assignment 3, HSA 515 Week 1 Discussion, CIS 558 Week 9 Discussion , CIS 558 Week 4 Discussion, CIS 558 Week 1 Discussion, CIS 515 Week 1 Discussion 1

MAT 540 WEEK 3 HOMEWORK

MAT 540 WEEK 3 HOMEWORK

 

MAT540 Homework
Week 3
Page 1 of 3
MAT540
Latest A+ Graded at link below
Week 3 Homework
Chapter 14
1. The Hoylake Rescue Squad receives an emergency call every 1, 2, 3, 4, 5, or 6 hours, according to the following probability distribution. The squad is on duty 24 hours per day, 7 days per week:
Time Between
Emergency Calls (hr.)
Probability
1
0.15
2
0.10
3
0.20
4
0.25
5
0.20
6
0.10
1.00
a. Simulate the emergency calls for 3 days (note that this will require a “running” , or cumulative, hourly clock), using the random number table.
b. Compute the average time between calls and compare this value with the expected value of the time between calls from the probability distribution. Why are the result different?
2. The time between arrivals of cars at the Petroco Services Station is defined by the following probability distribution:
Time Between
Emergency Calls (hr.)
Probability
1
0.35
2
0.25
3
0.20
4
0.20
1.00
MAT540 Homework
Week 3
Page 2 of 3
a. Simulate the arrival of cars at the service station for 20 arrivals and compute the average time between arrivals.
b. Simulate the arrival of cars at the service station for 1 hour, using a different stream of random numbers from those used in (a) and compute the average time between arrivals.
c. Compare the results obtained in (a) and (b).
3. The Dynaco Manufacturing Company produces a product in a process consisting of operations of five machines. The probability distribution of the number of machines that will break down in a week follows:
Machine Breakdowns
Per Week
Probability
0
0.10
1
0.20
2
0.15
3
0.30
4
0.15
5
0.10
1.00
a. Simulate the machine breakdowns per week for 20 weeks.
b. Compute the average number of machines that will break down per week.
4. Simulate the following decision situation for 20 weeks, and recommend the best decision.
A concessions manager at the Tech versus A&M football game must decide whether to have the vendors sell sun visors or umbrellas. There is a 30% chance of rain, a 15% chance of overcast skies, and a 55% chance of sunshine, according to the weather forecast in college junction, where the game is to be held. The manager estimates that the following profits will result from each decision, given each set of weather conditions:
MAT540 Homework
Week 3
Page 3 of 3
Decision
Weather Conditions
Rain
0.35
Overcast
0.25
Sunshine
0.40
Sun visors
$-400
$-200
$1,500
Umbrellas
2,100
0
-800
5. Every time a machine breaks down at the Dynaco Manufacturing Company (Problem 3), either 1, 2, or 3 hours are required to fix it, according to the following probability distribution:
Repair Time (hr.)
Probability
1
0.20
2
0.50
3
0.30
1.00
Simulate the repair time for 20 weeks and then compute the average weekly repair time.
MAT 540 Week 3 Homework,  BUS 599 Week 3 Assignment 1, PAD 599 Week 6 Discussion, CIS 558 Week 4 Case Study 1,  BUS 515 Final Exam, CIS 510 Week 2 Assignment 1, CMGT 554 Complete class, CIS 511 Week 1 Assignment 1, PAD 530 Week 9 Discussion, CMGT 244 Entire Course, CIS 524 All Week Discussion Questions, CMGT 554 Complete class, CIS 527 Week 9 Discussion,  CIS 525 Week 10 Term Paper, ECO 410 Test Bank, ECO 415 Complete Course, ENG 125 Week 5 Final Paper, ETH 316 Complete class, FIN 419  Entire class, FIN 515 Week 6 Second Course Project, FIN 534 Midterm Exam, ECO 550 Week 3 Discussion, CIS 558 Week 7 Case Study 2,

MAT 540 WEEK 3 DISCUSSION

MAT 540 WEEK 3 DISCUSSION

 

Select one (1) of the following topics for your primary discussion posting:
  • 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.
  • Explain how simulation is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.
Select one (1) of the following topics for your primary discussion posting:
  • 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.
  • Explain how simulation is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.
Latest A+ Graded at link below
 
Select one (1) of the following topics for your primary discussion posting:
  • 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.
  • Explain how simulation is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.
MAT 540 Week 3 Discussion, CIS 500 Week 6 Case Study 1, CIS 500 Week 6 Case Study 1, ECO 550 Week 6 Assignment 2, ECO 550 Assignment 2 HSA 525 Week 10 Discussion, ECO 550 Week 2 Discussion , HSA 525 Assignment 3 Post Merger Analysis, CIS 510 Week 9 Discussion, PAD 515 Week 10 Assignment 4, PAD 515 Assignment 4,  ECO 550 Week 3 Assignment 1, PAD 530 Week 9 Assignment 4,  BUS 599 Week 10 Discussion, ECO 550  Assignment 1, SCI 115 Week 3 Discussion,   HSA 505 Week 8 Discussion 1, CIS 512 Week 2 Discussion,  HSA 505 Week 8 Discussion 2, FIN 534 Week 11 Discussion 1, CIS 510 Week 9 Assignment 4, CIS 500 Week 6 Discussion, ECO 550 Week 4 Discussion,  PAD 525 Week 7 Assignment 3, PAD 525 Week 7 , CIS 500 Week 5 Discussion, CIS 500 Week 4 Discussion, HSA 505 Week 10 Discussion, CIS 500 Week 4 Assignment 2, ACC 400 Complete Class, ACC 544 Complete Class, CIS 599 Project Deliverable 6, ACC 280 Complete class, ACC 290 Complete Course, BUS 250 Entire Course A Graded, BUS 310 All Week Discussion Questions, BUS 490 Week 4 Assignment 1

MAT 540 WEEK 2 DISCUSSION

MAT 540 WEEK 2 DISCUSSION

 

In your own words, explain how to obtain the “expected value of perfect information” for any payoff table, which has probabilities associated with each state of nature. Then, provide an example, drawing from any of the payoff tables in Problems 1-17 in the back of Chapter 12. If no probabilities are given for the states of nature, then assume equal likelihood.
Latest A+ Graded at link below
In your own words, explain how to obtain the “expected value of perfect information” for any payoff table, which has probabilities associated with each state of nature. Then, provide an example, drawing from any of the payoff tables in Problems 1-17 in the back of Chapter 12. If no probabilities are given for the states of nature, then assume equal likelihood.
 
 
In your own words, explain how to obtain the “expected value of perfect information” for any payoff table, which has probabilities associated with each state of nature. Then, provide an example, drawing from any of the payoff tables in Problems 1-17 in the back of Chapter 12. If no probabilities are given for the states of nature, then assume equal likelihood.
MAT 540 Week 2 Discussion, MAT 540 Week 1 Discussion, MKT 500 Week 4 Discussion, FIN 534 Week 1 Discussion 1, MAT 540 Week 8 Assignment 1, MAT 540 Week 8 Assignment, SCI 115 Week 10 QUIZ 10, HIS 105 Week 11 Discussion, His 105 Week 10 Discussion, His 105 Week 5 Discussion, His 105 Week 4 Discussion, BUS 375 Week 4 Discussion, SCI 115 Week 3 Discussion, BUS 375 Week 3 Discussion, SCI 115 Week 2 Discussion, SCI 115 Week 2 Quiz 2, SCI 115 Week 2, SCI 115 Quiz 2, SCI 115 Week 2 Cell Structure Lab Assessment, HIS 105 Week 2 Discussion, HIS 105 Week 2 QUIZ 1 ,BUS 375 Week 1 Discussion, PAD 599 Week 10 Discussion, PAD 599 Week 10 Discussion 1, PAD 599 Week 10 Discussion 2, PAD 599 Week 9 Discussion, PAD 599 Week 9 Discussion 1, PAD 599 Week 9 Discussion 2, PAD 599 Week 3 Discussion 1, PAD 599 Week 3 Discussion 2, PAD 530 Week 7 Assignment 3, HSA 515 Week 1 Discussion, CIS 558 Week 9 Discussion , CIS 558 Week 4 Discussion, CIS 558 Week 1 Discussion, CIS 515 Week 1 Discussion 1, CIS 515 Week 1 Discussion 2, CIS 515 Week 1 Discussion, BUS 599 Week 1 Discussion, CIS 599 Week 7 Project Deliverable 4 Cloud Technology and Virtualization, BUS 599 Week 6 Assignment 2, BUS 599 Assignment 2, CIS 599 Week 7 Discussion 1, CIS 599 Week 5 Discussion 1, CIS 599 Week 3 Discussion 2, CIS 599 Week 3 Discussion 1,CIS 599 Week 1 Discussion 1,FIN 534 Homework Set 5 Week 10, BUS 519 Assignment 4, BUS 519 Assignment 3, FIN 534 Week 2 Homework Set 1, MGT 500 Week 1 Discussion, MKT 500 Week 6 Discussion, PAD 510 Week 2 Discussion , BUS 599 Week 7 Discussion, PAD 510 Week 1 Discussion, CIS 558 Week 10 Discussion,  HSA 505 Week 7 Discussion Questions, HSA 505 Week 7 Discussion Question 1, BUS 599 Week 8 Assignment 3 Part 1,  ECO 550 Week 10 Discussion, ECO 550 Week 9 Discussion, PAD 530 Week 7 Discussion, PAD 530 Week 7 Discussion 1, PAD 530 Week 7 Discussion 2

MAT 540 WEEK 2 HOMEWORK

MAT 540 WEEK 2 HOMEWORK

 

MAT540 Homework
Week 2
Page 1 of 4
MAT540
Week 2 Homework
Chapter 12
1. A local real estate investor in Orlando is considering three alternative investments; a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists; profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment:
Latest A+ Graded at link below
Investment
Weather Conditions
Shortage
Stable Supply
Surplus
Motel
$-7,500
$12,000
$23,000
Restaurant
3000
7,000
6,500
Theater
5000
6,000
4,000
Determine the best investment, using the following decision criteria.
a. Maximax
b. Maximin
c. Minimax regret
d. Hurwicz (α = 0.4)
e. Equal likelihood
 
 
2. A concessions manager at the Tech versus A&M football game must decide whether to have the vendors sell sun visors or umbrellas. There is a 35% chance of rain, a 25% chance of overcast skies, and a 40% chance of sunshine, according to the weather forecast in college junction, where the game is to be held. The manager estimates that the following profits will result from each decision, given each set of weather conditions:
MAT540 Homework
Week 2
Page 2 of 4
Decision
Weather Conditions
Rain
0.35
Overcast
0.25
Sunshine
0.40
Sun visors
$-400
$-200
$1,500
Umbrellas
2,100
0
-800
a. Compute the expected value for each decision and select the best one.
b. Develop the opportunity loss table and compute the expected opportunity loss for each decision.
3. 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 an office building to rent, buying and leasing a warehouse, building a strip mall, and selling condominiums. The financial success of these projects depends on interest rate movement in the next 5 years. The various development projects and their 5- year financial return (in $1,000,000s) given that interest rates will decline, remain stable, or increase, are in the following payoff table. Place-Plus real estate development firm has hired an economist to assign a probability to each direction interest rates may take over the next 5 years. The economist has determined that there is a 0.45 probability that interest rates will decline, a 0.35 probability that rates will remain stable, and a 0.2 probability that rates will increase.
a. Using expected value, determine the best project.
b. Determine the expected value of perfect information.
Project
Interest Rate
Decline
Stable
Increase
Office park
$0.4
$1.55
$3.5
Office building
2.5
1.8
2.75
Warehouse
1.7
1.45
1.5
Mall
0.8

MAT 540 WEEK 1 HOMEWORK

MAT 540 WEEK 1 HOMEWORK

 

MAT 540 Week 1 Homework

MAT540 Homework
Latest A+ Graded at link below
Week 1
Page 1 of 3
MAT540
Week 1 Homework
Chapter 1
1. The Retread Tire Company recaps tires. The fixed annual cost of the recapping operation is $65,000. The variable cost of recapping a tire is $7.5. The company charges$25 to recap a tire.
a. For an annual volume of 15, 000 tire, determine the total cost, total revenue, and profit.
b. Determine the annual break-even volume for the Retread Tire Company operation.
2. Evergreen Fertilizer Company produces fertilizer. The company’s fixed monthly cost is $25,000, and its variable cost per pound of fertilizer is $0.20. Evergreen sells the fertilizer for $0.45 per pound. Determine the monthly break-even volume for the company.
3. If Evergreen Fertilizer Company in problem 2 changes the price of its fertilizer from $0.45 per pound to $0.55 per pound, what effect will the change have on the break-even volume?
4. If Evergreen Fertilizer Company increases its advertising expenditure by $10,000 per year, what effect will the increase have on the break-even volume computed in problem 2?
5. Annie McCoy, a student at Tech, plans to open a hot dog stand inside Tech’s football stadium during home games. There are 6 home games scheduled for the upcoming season. She must pay the Tech athletic department a vendor’s fee of $3,000 for the season. Her stand and other equipment will cost her $3,500 for the season. She estimates that each hot dog she sells will cost her $0.40. she has talked to friends at other universities who sell hot dogs at games. Based on their information and the athletic department’s forecast that each game will sell out, she anticipates that she will sell approximately 1,500 hot dogs during each game.
a. What price should she charge for a hot dog in order to break even?
b. What factors might occur during the season that would alter the volume sold and thus the break-even price Annie might charge?
6. The college of business at Kerouac University is planning to begin an online MBA program. The initial start-up cost for computing equipment, facilities, course development and staff recruitment and development is $400,000. The college plans to charge tuition of $20,000 per student per year. However, the university administration will charge the college $10,000 per student for the first 100 students enrolled each year for administrative costs and its share of the tuition payments.
a. How many students does the college need to enroll in the first year to break-even?
b. If the college can enroll 80 students the first year, how much profit will it make?
MAT540 Homework
Week 1
Page 2 of 3
c. The college believes it can increase tuition to $25,000, but doing so would reduce enrollment to 50. Should the college consider doing this?
Chapter 11
7. The following probabilities for grades in management science have been determined based on past records:
Grade
Probability
A
0.1
B
0.2
C
0.4
D
0.2
F
0.10
1.00
The grades are assigned on a 4.0 scale, where an A is a 4.0, a B a 3.0, and so on. Determine the expected grade and variance for the course.
8. An investment firm is considering two alternative investments, A and B, under two possible future sets of economic conditions good and poor. There is a .60 probability of good economic conditions occurring and a .40 probability of poor economic conditions occurring. The expected gains and losses under each economic type of conditions are shown in the following table:
Investment
Economic Conditions
Good
Poor
A
$380,000
-$100,000
B
$130,000
$85,000
Using the expected value of each investment alternative, determine which should be selected.
9. The weight of the bags of fertilizer is normally distributed, with a mean of 45 pounds and a standard deviation of 5 pounds. What is the probability that a bag of fertilizer will weigh between 38 and 50 pounds?
MAT540 Homework
Week 1
Page 3 of 3
10. The polo Development Firm is building a shopping center. It has informed renters that their rental spaces will be ready for occupancy in 18 months. If the expected time until the shopping center is completed is estimated to be 15 months, with a standard deviation of 5 months, what is the probability that the renters will not be able to occupy in 18 months?
11. The manager of the local National Video Store sells videocassette recorders at discount prices. If the store does not have a video recorder in stock when a customer wants to buy one, it will lose the sale because the customer will purchase a recorder from one of the many local competitors. The problem is that the cost of renting warehouse space to keep enough recorders in inventory to meet all demand is excessively high. The manager has determined that if 85% of customer demand for recorders can be met, then the combined cost of lost sales and inventory will be minimized. The manager has estimated that monthly demand for recorders is normally distributed, with a mean of 175 recorders and a standard deviation of 55. Determine the number of recorders the manager should order each month to meet 85% of customer demand.

 

MAT 540 WEEK 5 DISCUSSION

MAT 540 WEEK 5 DISCUSSION

 

 

  • MAT 540 Week 5 Discussion

“Reflection to date”  Please respond to the following:
  • In a paragraph, reflect on what you’ve learned so far in this course.  Identify the most interesting, unexpected, or useful thing you’ve learned and explain why
Latest A+ Graded at link below
“Reflection to date”  Please respond to the following:
  • In a paragraph, reflect on what you’ve learned so far in this course.  Identify the most interesting, unexpected, or useful thing you’ve learned and explain why
 
“Reflection to date”  Please respond to the following:
  • In a paragraph, reflect on what you’ve learned so far in this course.  Identify the most interesting, unexpected, or useful thing you’ve learned and explain why

CIS 505 Assignment 5, CIS 505 Week 9 Discussion, CIS 505 Week 9 Discussion 1, MAT 540 Week 4 Homework, CIS 512 Week 10 Term Paper Virtualization, CIS 512 Week 10 Term Paper, CIS 515 Week 4 Discussion Questions, CIS 515 Week 4 Discussion 1, CIS 515 Week 4 Assignment 4, CIS Assignment 4, CIS 515 Week 7 Discussion 2, CIS 515 Week 7 Assignment 6, CIS 515 Assignment 6, PAD 530 Week 10 Discussion 1, PAD 530 Week 10 Discussion 2, PAD 530 Week 11 Discussion 1, PAD 530 Week 11 Discussion 2, PAD 599 Week 1 Discussion 1, PAD 599 Week 1 Discussion 2, PAD 599 Week 2 Assignment 1, MAT 540 Week 5 Discussion, PAD 599 Week 2 Discussion 2, PAD 599 Week 7 Discussion 1, PAD 599 Week 7 Discussion 2,

MAT 540 WEEK 5 DISCUSSION

 

 

  • MAT 540 Week 5 Discussion

“Reflection to date”  Please respond to the following:
  • In a paragraph, reflect on what you’ve learned so far in this course.  Identify the most interesting, unexpected, or useful thing you’ve learned and explain why
“Reflection to date”  Please respond to the following:
  • In a paragraph, reflect on what you’ve learned so far in this course.  Identify the most interesting, unexpected, or useful thing you’ve learned and explain why
 
“Reflection to date”  Please respond to the following:
  • In a paragraph, reflect on what you’ve learned so far in this course.  Identify the most interesting, unexpected, or useful thing you’ve learned and explain why

CIS 505 Assignment 5, CIS 505 Week 9 Discussion, CIS 505 Week 9 Discussion 1, MAT 540 Week 4 Homework, CIS 512 Week 10 Term Paper Virtualization, CIS 512 Week 10 Term Paper, CIS 515 Week 4 Discussion Questions, CIS 515 Week 4 Discussion 1, CIS 515 Week 4 Assignment 4, CIS Assignment 4, CIS 515 Week 7 Discussion 2, CIS 515 Week 7 Assignment 6, CIS 515 Assignment 6, PAD 530 Week 10 Discussion 1, PAD 530 Week 10 Discussion 2, PAD 530 Week 11 Discussion 1, PAD 530 Week 11 Discussion 2, PAD 599 Week 1 Discussion 1, PAD 599 Week 1 Discussion 2, PAD 599 Week 2 Assignment 1, MAT 540 Week 5 Discussion, PAD 599 Week 2 Discussion 2, PAD 599 Week 7 Discussion 1, PAD 599 Week 7 Discussion 2,

 

MAT 540 WEEK 4 HOMEWORK

MAT 540 WEEK 4 HOMEWORK

 

MAT540 Homework
Week 4
Page 1 of 5
MAT540
Latest A+ Graded at link below
Week 4 Homework
Chapter 15
1. The manager of the Carpet City outlet needs to make an accurate forecast of the demand for Soft Shag carpet (its biggest seller). If the manager does not order enough carpet from the carpet mill, customer will buy their carpet from one of Carpet City’s many competitors. The manager has collected the following demand data for the past 8 months:
Month
Demand for Soft Shag
Carpet (1,000 yd.)
1
10
2
9
3
8
4
9
5
10
6
12
7
14
8
11
a. Compute a 3-month moving average forecast for months 4 through 9.
b. Compute a weighted 3-month moving average forecast for months 4 through 9. Assign weights of 0.55, 0.35, and 0.10 to the months in sequence, starting with the most recent month.
c. Compare the two forecasts by using MAD. Which forecast appears to be more accurate?
2. The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can be ordered from the distributor. The owner has accumulated the following data on demand for unleaded gasoline from sales during the past 10 months:
MAT540 Homework
Week 4
Page 2 of 5
Month
Gasoline Demanded (gal.)
October
775
November
835
December
605
January
450
February
600
March
700
April
820
May
925
June
July
1500
1200
a. Compute an exponential smoothed forecast, using an α value of 0.4
b. Compute the MAD.
 
3. Emily Andrews has invested in a science and technology mutual fund. Now she is considering liquidating and investing in another fund. She would like to forecast the price of the science and technology fund for the next month before making a decision. She has collected the following data on the average price of the fund during the past 20 months:
Month
Fund Price
1
$55 ¾
2
54 ¼
3
55 1/8
4
58 1/8
5
53 3/8
6
51 1/8
7
56 ¼
8
59 5/8
9
62 ¼
10
59 ¼
11
62 3/8
12
57 1/1
MAT540 Homework
Week 4
Page 3 of 5
13
58 1/8
14
62 ¾
15
64 ¾
16
66 1/8
17
68 ¾
18
60.5
19
65.875
20
72.25
a. Using a 3-month average, forecast the fund price for month 21.
b. Using a 3-month weighted average with the most recent month weighted 0.5, the next most recent month weighted 0.30, and the third month weighted 0.20, forecast the fund price for month 21.
c. Compute an exponentially smoothed forecast, using α=0.3, and forecast the fund price for month 21.
d. Compare the forecasts in (a), (b), and (c), using MAD, and indicate the most accurate.
4. Carpet City wants to develop a means to forecast its carpet sales. The store manager believes that the store’s sales are directly related to the number of new housing starts in town. The manager has gathered data from county records on monthly house construction permits and from store records on monthly sales. These data are as follows:
Monthly Carpet Sales
(1,000 yd.)
Monthly Construction
Permits
9
17
14
25
10
8
12
7
15
14
9
7
24
45
21
19
20
28
MAT540 Homework
Week 4
Page 4 of 5
29
28
a. Develop a linear regression model for these data and forecast carpet sales if 30 construction permits for new homes are filed.
b. Determine the strength of the causal relationship between monthly sales and new home construction by using correlation.
5. The manager of Gilley’s Ice Cream Parlor needs an accurate forecast of the demand for ice cream. The store orders ice cream from a distributor a week ahead; if the store orders too little, it loses business, and if it orders too much, the extra must be thrown away. The manager belives that a major determinant of ice cream sales is temperature (i.e.,the hotter the weather, the more ice cream people buy). Using an almanac, the manager has determined the average day time temperature for 14 weeks, selected at random, and from store records he has determined the ice cream consumption for the same 14 weeks. These data are summarized as follows:
Week
Average Temperature
(Degrees)
Ice Cream Sold
(gal.)

MAT 540 WEEK 4 DISCUSSION

MAT 540 WEEK 4 DISCUSSION

 

MAT 540 Week 4 Discussion

 

 

 

 

Latest A+ Graded at link below

 

 

 

 

https://hwacer.com/Tutorial/mat-540-week-4-discussion/

 

 

 

Discuss Forecasting Methods
Select one (1) of the following topics for your primary discussion posting:
  • Identify any challenges you have in setting up a time-series analysis in Excel. Explain what they are and why they are challenging. Identify resources that can help you with that.
  • Explain how forecasting is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.
Discuss Forecasting Methods
Select one (1) of the following topics for your primary discussion posting:
  • Identify any challenges you have in setting up a time-series analysis in Excel. Explain what they are and why they are challenging. Identify resources that can help you with that.
  • Explain how forecasting is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.
 
 
Discuss Forecasting Methods
Select one (1) of the following topics for your primary discussion posting:
  • Identify any challenges you have in setting up a time-series analysis in Excel. Explain what they are and why they are challenging. Identify resources that can help you with that.
  • Explain how forecasting is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.
MAT 540 Week 4 Discussion,  HRM 420 Complete Course, HRM 530 Complete Assignments, MGT 431 Entire Course, MGT 437 Complete Course, MGT 500 Week 3 Assignment 1, MKT 500 Assignment 2 Part B Your Marketing Plan, PHL 458 Complete Class, PSY 322 Complete Class, PSY 390 Complete Class, HSA 505 Week 3 Assignment 1, HSA 505 Assignment 1, CIS 515 Week 6 Assignment 5, CIS 515 Assignment 5, HSA 510 Week 10. ECE 430 Week 2 Journal, ECE 430 Week 2 Discussion, ECE 430 Week 3 Discussion, ECE 430 WEEK 3 JOURNAL, ECE 430 Week 4 Assignment Informal Assessment Presentation, ECE 430 Week 4 Assignment, ECE 430 Week 4 Discussion, CIS 599 Week 11 Discussion 1, ECE 430 FINAL PROJECT,  ECE 430 Week 5 Discussion, CIS 512 Week 8 Discussion, SCI 115 Week 10 Population Biology Lab Assessment, CIS 512 Week 9 Discussion, CIS 505 Week 3 Discussion, CIS 505 Week 3 Discussion 1, CIS 505 Week 3 Discussion 2, CIS 505 Week 8 Assignment 4, CIS 505 Assignment 4, CIS 505 Week 8 Discussion, SCI 115 Week 4 Discussion,  CIS 558 Week 7 Discussion, CIS 505 Week 8 Discussion 1, CIS 505 Week 8 Discussion 2, CIS 599 Week 11 Discussion 2,  HSA 505 Week 4 Case study 1, HSA 505 Case study 1,  CIS 505 Week 9 Assignment 5, CIS 505 Assignment 5

 

 

MAT 540 WEEK 7 DISCUSSION

MAT 540 WEEK 7 DISCUSSION

 

MAT 540 Week 7 Discussion

Discuss sensitivity analysis
Select one (1) of the following topics for your primary discussion posting:
  • Identify any challenges you have in setting up a linear programming problem in Excel, and solving it with Solver. Explain exactly what the challenges are and why they are challenging. Identify resources that can help you with that.
  • Explain what the shadow price means in a maximization problem. Explain what this tells us from a management perspective.
Latest A+ Graded at link below
 
Discuss sensitivity analysis
Select one (1) of the following topics for your primary discussion posting:
  • Identify any challenges you have in setting up a linear programming problem in Excel, and solving it with Solver. Explain exactly what the challenges are and why they are challenging. Identify resources that can help you with that.
  • Explain what the shadow price means in a maximization problem. Explain what this tells us from a management perspective.
MAT 540 Week 7 Discussion, PAD 525 Week 4 Discussion Question 1, PAD 525 Week 4 Discussion Question , ECO 550 Week 7 Discussion , CIS 515 Week 3 Assignment 3, CIS 515 Assignment 3 , BUS 599 Week 10 Assignment 5, PAD 515 Assignment 3, HIS 105 Week 3 Assignment 1.1,  CIS 505 Week 5 Assignment 3, FIN 534 Week 6 Discussion 1, CIS 505 Assignment 3, PAD 525 Week 4 Assignment 2, CIS 599 Week 10 Discussion Question 1, CIS 599 Week 10 Discussion Question 2, PAD 525 Assignment 2, ECO 550 Week 6 Discussion, HSA 505  Week 2 Discussion, HSA 505  Week 2 , PAD 525 Week 3 Discussion Question 1,CIS 505 Week 2 Assignment 1, PAD 530 Week 8 Discussion 1, PAD 530 Week 8 Discussion 2, CIS 554 Week 3 Case Study 1,CIS 554 Week 1 Discussion, PAD 525 Week 2 Discussion Question, PAD 599 Week 4 Discussion,  CIS 558 Week 3 Assignment 1, PAD 525 Week 2 Assignment 1, His 105 Week 4 QUIZ 3, PAD 525 Week 1 Discussion, PAD 525 Week 1 Discussion 1