HOMEWORK 1 (Total Possible Points: 100) You MUST show your work! Problem 1: CVP analysis (30 points total) The owners of LA’s Gym currently are working on their operating plan for the coming year‚ and they have provided you with the following average membership and cost data for the previous year: Annual membership fee $500 per member Number of members 6‚000 Variable cost (supplies‚ instructors‚ etc.) $160 per member Fixed costs (equipment‚ salaries‚ etc.) $1‚224‚000 The owners
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QUESTION 3 (20 MARKS) a. A psychological test identifies people as being one of eight types. For instance‚ Type 1 is “Rationalist” and applies to 15% of men 8 % of women. Type 2 is “Teacher” and applies to 12% of men and 14% of women. Each person fits one and only one type. (i) Suppose college roommates have a particularly hard time getting along with each other if they are both ‘ Rationalist’. A college randomly assigns roommates of the same gender. Assuming that half of college roomate pairs
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I mostly agree with Ashley’s opinion‚ but I do not believe Silver Linings Playbook is a formalistic movie. This is not a formalistic movie because there are no distortions or manipulations of reality (Giannetti 7). Also‚ formalistic movies use highly manipulated images that they look so different from the real thing ( Giannetti 524). They want the manipulated images to look beautiful or attractive to the eye (Giannetti 524). Silver Linings Playbook does not use manipulated images because the images
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Statistical Studies 1 Introduction s Decision makers make better decisions when they use all available information in an effective and meaningful way. The primary role of statistics is to to provide decision makers with methods for obtaining and analyzing information to help make these decisions. Statistics is used to answer long-range planning questions‚ such as when and where to locate facilities to handle future sales. 2 Definition s Statistics is defined as the science of collecting
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Statistics Real Life Example #2Article: http://america.aljazeera.com/articles/2014/10/21/us-ebola-airports.htmlMy article is covering the recent “Ebola Outbreak”. In this‚ people are direly afraid of catching the Ebola virus. They are even going as far as screening people in airports who come from‚ and travel to‚ places where Ebola is much more spread amongst the population (mostly in Africa‚ for now). The article quotes: “Some members of Congress have urged President Barack Obama to ban all travel
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LESSON – 1 STATISTICS FOR MANAGEMENT Session – 1 Duration: 1 hr Meaning of Statistics The term statistics mean that the numerical statement as well as statistical methodology. When it is used in the sense of statistical data it refers to quantitative aspects of things and is a numerical description. Example: Income of family‚ production of automobile industry‚ sales of cars etc. These quantities are numerical. But there are some quantities‚ which are not in themselves numerical
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China. Enormous quantities of opium made their way to China‚ swelled by the number of merchants involved. By the 1820s‚ the value of opium coming into China exceeded the value of goods exported out. Thus‚ the Chinese had to pay silver in addition to their goods to get opium. Silver shortages began to hurt peasants. To stop the trade‚ the Qing emperor sent a special commissioner‚ Lin Zexu‚ who froze all legitimate trade in Canton until foreign merchants handed over their opium stores. The opium traders
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History and Development of Statistics Simple forms of statistics have been used since the beginning of civilization‚ when pictorial representations or other symbols were used to record numbers of people‚ animals‚ and inanimate objects on skins‚ slabs‚ or sticks of wood and the walls of caves. Before 3000 BC theBabylonians used small clay tablets to record tabulations of agricultural yields and of commodities bartered or sold. The Egyptians analyzed the population and material wealth of their country
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Powerhouse Gym Marketing Plan 3.5 Marketing Mix Strategies 3.5.1 Product Strategy Powerhouse Gym product strategy should be to attract and retain business. The main goal should be to promote a positive atmosphere and unforgettable experience that helps their clients lead a healthy lifestyle. By offering exceptional product coupled with pleasing experience to promote repeat business. By separating its experience from other gyms will give Powerhouse Gym the edge from their competitors.
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In our AP Statistics project encompassing the first semester’s material‚ we chose to research and analyze the correlation between the number of AP classes Taft seniors have taken in their high school careers and the number of followers Taft seniors have on their Instagram accounts‚ where the number of AP classes was our explanatory variable and the number of Instagram followers was our response variable. Our group chose this question because we were interested in seeing if there was‚ indeed‚ a statistically
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