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- Solve by hand (no excel)What is sampling? Explain the differences between probability and nonprobability samples and identify the various typesof eachA large company in the communication and publishing industry has quantified the relationshipbetween the price of one of its products and the demand for this product as Price = 150 − 0.01× Demand for an annual printing of this particular product. The fixed costs per year (i.e., perprinting) = RM50,000 and the variable cost per unit= RM40. a) Analyze what is the maximum profit that can be achieved if the maximum expected demand is 6,000 units per year. b) Compute what is the unit price at this point of optimal demand.
- EXERCISE 14. Suppose the net reproductive number (i.e. the ratio between the birth and the death rate) of a population is 1.2 and the death rate is 0.012 (a) Find the birth rate and the life expectancy (6) What is the initial size of the population that will generate 100,000 in- dividuals in 10 years?For what purpose is the MACRS method used?Solve this early all three subparts.
- Q4: An investor invests $1000 a month, on average, in a stock market security. Because the investor must wait for good "buy" opportunity, the actual time of purchase is random. The investor usu- ally keeps the securities for about 3 years on the average but will sell at random times when a good "sell" opportunity presents itself. Although the investor is generally recognized as a shrewd stock market player, past experience indicates that about 25% of the securities decline at about 20% a year. The remaining 75% appreciate at the rate of about 12% a year. Estimate the inves- tor's (long-run) average equity in the stock market. Hint: use the average number of securities in the market.The cost C(Q) of producing a quantity Q of widgets to satisfy demand isC(Q) = 4000+20Q, but the quantity demanded is random. If the mean and standarddeviation of demand are 500 and 200, respectively, then what are the mean andstandard deviation of costs?This simulation generates random outcomes for probabilistic factors which imitate the randomness inherent in the original problem. а. Масго Еcono O b. Monte Carlo O. Multisim d. MatLAB
- The following table shows the total sales, in thousands, since a new game was brought to market. Month 0 2 4 9 8 10 12 14 Sales 0 2.2 5.4 9.5 19.1 27.2 32.9 35.4 (a) Plot this data and determine the point of diminishing returns. Enter the closest value in the table. The point of diminishing returns occurs i months after the game is introduced. (b) Predict total possible sales of this game, using the point of diminishing returns from the table. Total sales≈ iEnumerate the approaches to sensitivity analysis.there is a reduced cost of minus 65 on ETV. I like to say this means if we made ETV = 1 when it was 0 in the optimal solution, then the exposure quality would fall by 65. Another interpretation (that I am not a big fan of, but perfectly acceptable) is if the objective function exposure quality of 90 changes by 65 ETV will not be 0. Should the 90 be 25 or 155?