TQuantitative Methods – MAT 540 Student Course Guide Prerequisite: MAT 300 Quarter Meeting Days/Time Instructor Instructor Phone Instructor E-mail Instructor Office Hours/Location Academic Office Phone Number Strayer Technical Support INSTRUCTIONAL MATERIAL – Required ( including all mandatory software) 1-877-642-2999 Taylor‚ B. M. (2010). Introduction to management science (10th ed.). Upper Saddle River‚ NJ: Pearson/Prentice Hall. QM for Windows and Treeplan add-on for Excel. This software
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Final Examination Math 540 Quantitative Methods Good luck on the exam. I hope you have enjoyed the course. Dr. West Multiple Choice (2 points each) (Select 8 – drop 1) ______1) For your project‚ what one way will not possibly generate increased profit? a) Increase your building space or lot size. b) Decrease the money paid to employees. c) Refinance the loan at a lower rate. d) Charge more for
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Read the "JET Copies" Case Problem on pages 678-679 of the text. Using simulation estimate the loss of revenue due to copier breakdown for one year‚ as follows: In Excel‚ use a suitable method for generating the number of days needed to repair the copier‚ when it is out of service‚ according to the discrete distribution shown. In Excel‚ use a suitable method for simulating the interval between successive breakdowns‚ according to the continuous distribution shown. In Excel‚ use a
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JET Copies Problem The simulation of Jet Copies can be done by generating random numbers from given probability distributions. The different steps of this simulation and assumption made are explained below. 1. Simulation for the repair time. It is given that the repair time follows Repair Time (days) Probability 1. .20 2. .45 3. .25 4. .10 -----
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Jet Copies Case Study 1. In Excel‚ use a suitable method for generating the number of days needed to repair the copier‚ when it is out of service‚ according to the discrete distribution shown. 2. In Excel‚ use a suitable method for simulating the interval between successive breakdowns‚ according to the continuous distribution shown. 3. In Excel‚ use a suitable method for simulating the lost revenue for each day the copier is out of service. 4. Put all of this together to simulate the lost revenue
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have the random numbers now I have the ability to determine the time between breakdowns. Weeks between Breakdowns The time between breakdowns allows you to estimate the time between the breakdowns of the copy machine. The time between breakdown allows you to also understand how the long the copy machines will work and how long they will last before they breakdown again. In column D row 16 is where I input the formula to find the time between breakdown =6*SQRT(Random r1). I used =6*SQRT(0.862) to
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Jet Copies Case Problem Shelandria Jones Strayer University MAT 540-Quantitative Methods Dr. Raymond Ottinot February 5‚ 2013 Introduction Jet Copies is a business venture of a couple of young men who had the insight to open up a copy business. James Ernie and Terri received a loan from Terri’s parents of $18‚000. Due to information they have received the large copier they purchased has a history of breakdowns often for a few days. So the three guys are looking into possibly getting
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Assignment 3: Long-Term Investment Decisions March 9‚ 2014 Managerial Economics and Globalization ECO 550 Capital Budgeting Decisions Introduction A low calorie food or a healthy option of food is a new concept‚ which has gained a lot of interest in the recent times. In the previous assignment‚ we had discussed the background and the introduction of the company‚ which wants to cater to this segment. This paper will discuss the long-term capital budgeting decisions that such a company
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* Question 1 0 out of 5 points | | | Which of the following offers the greatest protection against bot attacks? Answer | | | | | Selected Answer: | Having corporations use adequate anti-virus protection | | | | | * Question 2 5 out of 5 points | | | In 2004‚ ICQ users were enticed by a sales message from a supposed anti-virus vendor. On the vendor’s site‚ a small program called Mitglieder was downloaded to the user’s machine. The program enabled outsiders to
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Question 1 Fixed cost is the difference between total cost and total variable cost. Answer Selected Answer: True Correct Answer: True Question 2 In general‚ an increase in price increases the break even point if all costs are held constant. Answer Selected Answer: False Correct Answer: False Question 3 Parameters are known‚ constant values that are usually coefficients of variables in equations. Answer Selected
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