Below is a decision table for Gregor’s Tennis School. Director Gregor Anderson is considering expanding his school to accommodate the potential increased interest in youth tennis lessons, camps, and teams. The decision table below describes his situation.**Decision Table**| Alternatives | State of Nature | | |-----------------------------------|--------------------------|-----|| | High Demand | Moderate Demand | Low Demand || Add a new building | 25,000 | 5,000 | -50,000 || Extend hours for existing building| 10,000 | 3,750 | -6,000 || Do Nothing | 0 | 0 | 0 |**Step 1 of 3**: What is the estimated payoff for adding a new building during high demand?**Answer**\$ $_______The table presents different alternatives for expansion—adding a new building, extending hours for the existing building, or doing nothing. For each alternative, outcomes are presented based on varying demand (High, Moderate, Low) with corresponding estimated payoffs in monetary terms.

Given decision Table as:Decision tableState of natureAlternativesHigh demand Moderate demand Low…

Answered: Below is a decision table for Gregor's…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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O Macmillan Learning Credit card companies earn a percentage of the amount charged on their credit cards, paid by the stores that accept the card. A credit card company compares two proposals for increasing the amount that its customers charge on their credit cards. Proposal 1 offers to eliminate the annual fee for customers who charge $1800 or more during the year on their card. Proposal 2 offers a small percentage of the total amount charged as a cash reward at the end of the year. The credit card company offers each proposal to an SRS of 100 of its existing customers. At the end of the year, the total amount charged by each customer is recorded. The table displays the summary statistics. Group Proposal 1 Proposal 2 n 100 OP = 0.1629 100 X $1319 $1372 S $261 $274 Calculate the two-sample t statistic. Give your answer to three decimal places. Find the P-value using Option 2 and Table C. Select the choice that correctly represents the P-value.
If a company has excess capacity, it is contemplating whether a special order should be accepted. The order will not impact regular sales. If the company accepts the special order, what will occur? O Both fixed and variable costs will increase. Net income will increase if the special sales price per unit exceeds the unit variable costs. There are no incremental revenues. Incremental costs will not be affected.
A surfboard manufacturer lost $500,000 last year during a recession. Total revenue was $5,000,000 and total variable costs were 40% of sales. The production facility ran at 50% capacity. The production manager wants to know the following: a. What is the percent capacity required to break even? b. When the economy recovers this year, if the plant runs at 100% capacity what net income could the company realize? c. There is a possibility that sales could be so strong this year that the plant may be required to run at 120% capacity by offering a lot of overtime to its production workers. This would result in total variable costs rising by 35%. On a strictly financial basis, should the production manager plan to exceed capacity or should he advise top management to freeze production at 100% capacity? Justify your answer. Answer Solution- 9a. 58.3% 9b. $2,500,000 9c. $3,100,000
Given the Information in the below table's, calculate the total cost if you choose the: i) Level Strategy with average production per day. ii) Chase strategy for the production. Month Expected Demand Production Days Jan 600 22 Feb 800 18 March 900 21 April 1000 21 Inventory carrying cost $5 per unit per month Subcontracting cost per unit $20 per unit Average Pay rate $10 per hour ($80 per day) Over time Pay rate $17 per hour (above 8 hours) Labour-hours to produce a unit 1.6 hours per unit Cost of increasing daily production rate $300 per unit Cost of decreasing daily production rate $600 per unit
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4. The Metropolitan Company sells its latest product at a unit price of $2. Variable costs are estimated to be 40% of the total revenue, while fixed costs amount to $6,000 per month. How many units should the company sell per month to break even?
The following figure shows costs for a current home mortgage versus a refinanced home mortgage. Refinancing has initial costs but results in a lower monthly payment. Which best describes the lines? Total cost ($) 14000 12000- 10000- 8000 6000- 4000 2000 5 6 9 10 Months

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