MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
Bartleby Related Questions Icon

Related questions

Q: For this question, why do you have to add 14?
A:
Q: The following table shows site type and type of pottery for a random ample of 628 Pottery Type…
A: Unanswered parts:   (a)   From the given information, the level of significance is 0.01.   The level…
Q: The number 6545 can be written as a product of a pair of positive two-digit numbers, what are these…
A: solution:-The given number =65456545=5×7×11×17the two numbers are two digit numberthenthe number…
Q: What is supposed to be in place of the question mark in Step 2?
A: Step - I: f(n) = 3n2 + 2n - 1         < 3n2 + 2n          ≤ 3n2 + 2n2 for n ≥ 1            = 5n2…
Q: Mr. Imperfecto, a math teacher, gives a test to a class of 17 students.  The average grade on the…
A:
Q: 46 lim n-x n k=1 e62+46k =
A:
Q: Suppose there are 5 questions in an exam paper, find the number of ways in which a student can…
A:
Q: This answer has no numbers in it and it needs to be reformatted so I can actually see the answers
A:
Q: Visa cards have 16 digits. The first digit is always 4 as in 4xxxxx – with the 2nd to 6th digits…
A: There are 10 digits including zero. The first number should be 4. It is given that the 2nd to 6th…
Q: the back of a credit card shows a 3-digit card verification (CVC). The digits can be any number from…
A: Given the back of a credit card shows a 3-digit card verification (CVC). The digits can be any…
Q: Does this count as 1 or three? But yes I want all three helped with please. And take away three or…
A: Sampling distribution of sample proportion follows a normal distribution (symmetric shape) with mean…
Q: Can someone explain how I do numbers 1 and 2 A and B.
A: (1)  The weather report get to know about that from the past experiences. For example in the similar…
Q: only one question was explaind could you please do number 2
A: The given data is:Manufacturer 1 (A)Manufacturer 2 (B)Manufacturer 3 (C)212719272520233223212822Let…
Q: I don't understand how you got 4,-7,1
A:
Q: The accuracy of a census report on a city in southern California was questioned by some government…
A: Unanswered parts:   Level of significance:   Given that the level of significance is 1%. Thus, the…
Q: Compute the following: -6 9 -87 7 -8 -1 3 4 + -5 -6 6 -8 1 8 4
A: Let us consider two matrix A and B Sum of the matrix exists if matrices are of same order Sum of…
Q: Can you clarify step 3 . I don't understand where you got those numbers.
A: Solution: The formulae for the combination is  nCr=n!r!×(n-r)!
Q: 1. Use the table to express the following Babylonian numeral as a Hindu-Arabic numeral. Babylonian…
A: We need to use the table to convert the given Babylonian numeral to Hindu-Arabic numeral. The…
Q: What are the two answeres rounded to three decimal plac
A: Given problem:- ⇒ft=4et , tp=3p2
Question

hello, I need help with number 4, I provided answer to number 3 

Buse basic concepts of revenue, total Cost Variable cost ond break even given cost (variable) = #S00 fixed cost= a)Suppose freere in c. sell X unit asnd at break even at break even hoprofit no loss Total revenue =total cost 1000 x - 250000+So0 x Soox 250000 x =S00 unit #250000 bi mon thly revenue at break even -1000X =1000(500)- Sooo00 F %3D C.monthly variable cost = s00 X a = 5o0x 500 250000 d. Total operonthog cost at beeak even - @ COst of item t fixed cost =(50ox500) +250000 So0000 e x=l600 unit profit - Re venve to tal cost (o00x1000)-(( 500x6o+2500o0 $ 50000
expand button
Transcribed Image Text:Buse basic concepts of revenue, total Cost Variable cost ond break even given cost (variable) = #S00 fixed cost= a)Suppose freere in c. sell X unit asnd at break even at break even hoprofit no loss Total revenue =total cost 1000 x - 250000+So0 x Soox 250000 x =S00 unit #250000 bi mon thly revenue at break even -1000X =1000(500)- Sooo00 F %3D C.monthly variable cost = s00 X a = 5o0x 500 250000 d. Total operonthog cost at beeak even - @ COst of item t fixed cost =(50ox500) +250000 So0000 e x=l600 unit profit - Re venve to tal cost (o00x1000)-(( 500x6o+2500o0 $ 50000
Problem #2 - The table below shows the total number of air conditioning units sold in whole country by Freeze Inc. from January to December of 2019: Month Actual Sales 3-Month Moving (# of Product X) Average Forecast - Sales (# of Product X) Jan/19 Feb/19 Mar/19 Apr/19 May/19 Jun/19 Jul/19 Aug/19 Sep/19 Oct/19 1,860 2,040 3,560 4,200 6,250 7,980 10,200 9,800 9,900 9,950 Nov/19 7,890 Dec/19 5,350 Jan/20 5,020 a) Calculate the 3-month Moving Average Forecast for sales from April/2019 to January/2020 and enter them in the table above. b) Calculate MAD, MSE and MAPE for the forecast obtained from April/2019 to January/2020. Problem #3 - A Freeze Inc. the manufacturing of each air conditioning has a variable cost of $500 per unit and it takes place in a facility that has a monthly fixed cost of $250,000. If Freeze Inc. sells each unit at $1,000, how many units do they need to sell every month to break-even? What is the monthly revenue at the break-even point? What is the monthly variable cost at the break-even point? What is the total operating cost at the break-even point? If Freeze Inc. sells 600 units at $1,000 each on a given month, calculate the profit. a. b. c. d. e. Page 2 of 3 Problem #4 – The mean number of air conditioning units assembled per month by Freeze, Inc. is 750 and the standard deviation is 100 units. а. If the number of air conditioning units assembled per month follows a normal distribution, calculate the probability of Freeze, Inc. to assemble a quantity of air conditioning units greater than the monthly break-even point calculated in problem 3-a. b. An improved assembling process is proposed to Freeze, Inc. to reduce the variable cost from $500 per unit to $400 per unit., increase the mean number of air conditioning units assembled per month from 750 to 850 and reduce the standard deviation to 90 units. As a result of the improvements, monthly fixed costs would go up from $250,000 to $300,000. Once these improvements are implemented, calculate the new number of air conditioning units that Freeze Inc. must sell every month to break-even, discuss and justify if you would recommend the process improvement initiative. C. If the number of air conditioning units assembled per month still follows a normal distribution after the implementation of the improvements described on item (b), calculate the probability of Freeze, Inc. to assemble a quantity of air conditioning units greater than the new monthly break-even point. Now that you know this probability, would you change your recommendation? Justify.
expand button
Transcribed Image Text:Problem #2 - The table below shows the total number of air conditioning units sold in whole country by Freeze Inc. from January to December of 2019: Month Actual Sales 3-Month Moving (# of Product X) Average Forecast - Sales (# of Product X) Jan/19 Feb/19 Mar/19 Apr/19 May/19 Jun/19 Jul/19 Aug/19 Sep/19 Oct/19 1,860 2,040 3,560 4,200 6,250 7,980 10,200 9,800 9,900 9,950 Nov/19 7,890 Dec/19 5,350 Jan/20 5,020 a) Calculate the 3-month Moving Average Forecast for sales from April/2019 to January/2020 and enter them in the table above. b) Calculate MAD, MSE and MAPE for the forecast obtained from April/2019 to January/2020. Problem #3 - A Freeze Inc. the manufacturing of each air conditioning has a variable cost of $500 per unit and it takes place in a facility that has a monthly fixed cost of $250,000. If Freeze Inc. sells each unit at $1,000, how many units do they need to sell every month to break-even? What is the monthly revenue at the break-even point? What is the monthly variable cost at the break-even point? What is the total operating cost at the break-even point? If Freeze Inc. sells 600 units at $1,000 each on a given month, calculate the profit. a. b. c. d. e. Page 2 of 3 Problem #4 – The mean number of air conditioning units assembled per month by Freeze, Inc. is 750 and the standard deviation is 100 units. а. If the number of air conditioning units assembled per month follows a normal distribution, calculate the probability of Freeze, Inc. to assemble a quantity of air conditioning units greater than the monthly break-even point calculated in problem 3-a. b. An improved assembling process is proposed to Freeze, Inc. to reduce the variable cost from $500 per unit to $400 per unit., increase the mean number of air conditioning units assembled per month from 750 to 850 and reduce the standard deviation to 90 units. As a result of the improvements, monthly fixed costs would go up from $250,000 to $300,000. Once these improvements are implemented, calculate the new number of air conditioning units that Freeze Inc. must sell every month to break-even, discuss and justify if you would recommend the process improvement initiative. C. If the number of air conditioning units assembled per month still follows a normal distribution after the implementation of the improvements described on item (b), calculate the probability of Freeze, Inc. to assemble a quantity of air conditioning units greater than the new monthly break-even point. Now that you know this probability, would you change your recommendation? Justify.
Expert Solution
Check Mark
Step 1

Given information:

μ=750, σ=100Break even point=500Given in Q 3a

bartleby

Trending nowThis is a popular solution!

bartleby

Step by stepSolved in 4 steps

See solution
Check out a sample Q&A here
Blurred answer
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Text book image
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Text book image
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Text book image
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
Text book image
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Text book image
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman
SEE MORE TEXTBOOKS