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Questions from December 23, 2021

• Gotham City is trying to determine how many ambulances it should have and how to staff them. Each ambulance may be staffed with paramedics or emergency medical technicians. Paramedics are considered...
  SolvedDec 24, 2021
• A consumer is trying to determine which type of frozen dinner to eat. He considers three attributes to be important: taste, nutritional value, and price. Nutritional value is considered to be...
  SolvedDec 24, 2021
• You are trying to determine which of two secretarial candidates (Jack and Jill) to hire. The three objectives that are important to your decision are personality, typing ability, and intelligence. You...
  SolvedDec 24, 2021
• Jay Boyville Corporation is being sued by Lark Dent. Lark can settle out of court and win $40,000, or go to court. If Lark goes to court, there is a 30% chance that she will win the case. If she wins,...
  SolvedDec 24, 2021
• The Pine Valley Board of Education is trying to determine its multiattribute utility function with respect to the following attributes:Attribute 1 Average score of students on an English achievement...
  SolvedDec 24, 2021
• Customers at Joe’s Office Supply Store demand an average of 6,000 desks per year. Each time an order is placed, an ordering cost of $300 is incurred. The annual holding cost for a single desk is 25%...
  SolvedDec 24, 2021
• Vivian and Wayne are planning on going to Lamaze natural childbirth classes. Lamaze classes meet once a week for five weeks. Each class gives 20% of the knowledge needed for “natural” childbirth. If...
  SolvedDec 24, 2021
• Some universities allow an employee to put an amount q into an account at the beginning of each year, to be used for child-care expenses. The amount q is not subject to federal income tax. Assume that...
  SolvedDec 24, 2021
• I. L. Pea is a well-known mail-order company. During the Christmas rush (from November 1 to December 15), the number of orders that I. L. Pea must fill each day (five days per week) is normally...
  SolvedDec 24, 2021
• In this problem, use marginal analysis to determine the optimal reorder point for the lost sales case. a Show that the average inventory level for the lost sales case may be written as½ [(r - E(X) +...
  SolvedDec 24, 2021
• Suppose that the EOQ is 100, average annual demand is 1,000 units, and the lead time demand is a random variable having the distribution shown in Table.a What value of SLM1 corresponds to a reorder...
  SolvedDec 24, 2021
• An optometrist orders eyeglass frames at a cost of $40 per frame and sells each frame for $70. Annual holding cost is 20% of the optometrist’s cost of purchasing a frame. Each time frames are ordered,...
  SolvedDec 24, 2021
• We are given the following information about a product:Cost of placing an order = $100Cost per item = $5Sale price per item = $8Annual holding cost = 40% of cost of itemAnnual demand = 5,000 unitsLead...
  SolvedDec 24, 2021
• Each American family is classified as living in an urban, rural, or suburban location. During a given year, 15% of all urban families move to a suburban location, and 5% move to a rural location;...
  SolvedDec 24, 2021
• Two types of squirrels—gray and black—have been seen in Pine Valley. At the beginning of each year, we determine which of the following is true:There are only gray squirrels in Pine Valley.There are...
  SolvedDec 24, 2021
• Each week, the number of acceptable-quality units of a drug that are processed by a machine is observed:> 100, 50–100, 1–50, 0 (indicating that the machine was broken during the week). Given last...
  SolvedDec 24, 2021
• Freezco, Inc., sells refrigerators. The company has issued a warranty on all refrigerators that requires free replacement of any refrigerator that fails before it is three years old. We are given the...
  SolvedDec 24, 2021
• Suppose that during a given year, 15% of all untenured processors leave a university (they are fired or find another job), and 15% are given tenure. Also assume that during each year, 5% of all...
  SolvedDec 24, 2021
• A telephone sales force can model its contact with customers as a Markov chain. The six states of the chain are as follows:State 1 Sale completed during most recent callState 2 Sale lost during most...
  SolvedDec 24, 2021
• An electronics firm has a contract to deliver the following number of radios during the next three months; month 1, 200 radios; month 2, 300 radios; month 3, 300 radios. For each radio produced during...
  SolvedDec 24, 2021
• J. R. Carrington has $4 million to invest in three oil well sites. The amount of revenue earned from site i(i = 1, 2, 3) depends on the amount of money invested in site i (see Table).Amount...
  SolvedDec 24, 2021
• Suppose that a new car costs $10,000 and that the annual operating cost and resale value of the car are as shown in Table.Age of Car (Years)Resale Value ($)Operating Cost ($)17,000300(year...
  SolvedDec 24, 2021
• At the beginning of year 1, Julie Ripe has D dollars (this includes year 1 income). During each year, Julie earns i dollars and must determine how much money she should consume and how much she should...
  SolvedDec 24, 2021
• To graduate from State University, Angie Warner needs to pass at least one of the three subjects she is taking this semester. She is now enrolled in French, German, and statistics. Angie’s busy...
  SolvedDec 24, 2021
• E.T. is about to fly home. For the trip to be successful, the ship’s solar relay, warp drive, and candy maker must all function properly. E.T. has found three unemployed actors who are willing to help...
  SolvedDec 24, 2021