ecnonmics
You are trying to decide if you should rent an ice cream truck to drive around the city park to help pay for your college tuition. Assume that it costs $220 per day to rent the truck and pay the driver's wages. Your marketing data show that if it does not rain, you can expect profits of $140 per day (after paying all expenses including the truck rental and the driver's wages). If it rains, then expected profits fall to $30 per day. Based on historical weather data, you can expect the weather to be rainy 40 percent of the time. What is your expected daily rate of return on the rental cost of the truck and driver?
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Suppose that you have $14,000 to invest and you are trying to decide between investing in project...
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Suppose that you have $14,000 to invest and you are trying to decide between investing in project A or project B. If you invest in project A, you will receive a payment of $16,500 at the end of 2 years. If you invest in project B, you will receive a payment of $25,000 at the end of 11 years. Assume the annual interest rate is 5 percent and that both projects carry no risk. Instructions: Round your...
3. Joe Holiday has the opportunity to operate a business renting beach umbrellas next summer. He...
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C. Regression Analysis In this section, you will analyze the effects of weather conditions on workers' productivity...
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Problems 5 through 9 only please C. Regression Analysis In this section, you will analyze the effects of weather conditi...
Problems 5 through 9 only please
C. Regression Analysis In this section, you will analyze the effects of weather conditions on workers' productivity. You collect a random sample of 500 workers. Your data includes the average time it takes each worker to complete the same task (minutes), the temperature that day (measured in Farenheit), the natural log of temperature that day, whether it was raining that day (dummy variable), and the workers' age (years). An extract of the data is...
In this section, you will analyze the effects of weather conditions on workers' productivity. You collect a random...
In this section, you will analyze the effects of weather conditions on workers' productivity. You collect a random sample of 500 workers. Your data includes the average time it takes each worker to complete the same task (minutes), the temperature that day (measured in Farenheit), the natural log of temperature that day, whether it was raining that day (dummy variable), and the workers' age (years). An extract of the data is shown below: worker_id temperature log_temperature rainy date average_time age...
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Capital Budgeting Framework Structure Notes Revenue Operating Expenses Can be fixed and/or variable EBITDA Earnings Before...
Capital Budgeting Framework
Structure
Notes
Revenue
Operating Expenses
Can be fixed and/or variable
EBITDA
Earnings Before Interest, Tax, Depreciation and Amortisation
Depreciation
Reduces Taxable Income, is a deduction companies are
entitled to due to loss in value of their assets (not applied to
all assets)
Gain or Loss on Sale
= SV – BV where Book Value is the value of the asset on the
books (Capital expenditure minus depreciation claimed up to and
including the time of sale of...
A trucking company pays drivers an hourly wage to drive trailer-loads of cargo to destinations. A...
A trucking company pays drivers an hourly wage to drive trailer-loads of cargo to destinations. A fully-loaded tractor-trailer rig itself also costs the company an average of $1.25/mile to operate (for fuel, maintenance, insurance, etc.). distant To monitor the safety and whereabouts of drivers and cargo, each truck is equipped with a GPS tracker, which transmits a continuous (second-by-second) record of the truck's position; and a speedometer recorder, which transmits a continuous record of its speed (in mph). And the...
23
24
25
Suppose that you have $14,000 to invest and you are trying to decide between investing in project A or project B. If you invest in project A, you will receive a payment of $16,500 at the end of 2 years. If you invest in project B, you will receive a payment of $25,000 at the end of 11 years. Assume the annual interest rate is 5 percent and that both projects carry no risk. Instructions: Round your...
3. Joe Holiday has the opportunity to operate a business renting beach umbrellas next summer. He will operate the concession for 3 months. Looking at weather patterns, Joe observes that rain is frequent along this stretch of beach, and on average, there are 60 rentable days in a summer. In each of these days, Joe believes he can rent 40 umbrellas per day at $7 per rental. Joe will run the concession by himself day, and must pay Beachcomber Enterprises...
Q2. Bayesian Rule and Conditional Probability (50 points): You are hosting a group of friends for your Birthday party today and as you wake up early in the morming to start preparing the food, the sky is cloudy. In general, 50% of all rainy days start cloudy, but cloudy mornings are common (about 40% of the days start cloudy. This is usually a dry month (which means typically only 10% of the days tend to be rainy). If this cloudy...
2. Good Sleep Inc. is considering the purchase of a new mattress assembler that allows the construction of multiple firmness levels in the same mattress. Good Sleep anticipates the following 5-year earnings stream from the sale of this mattresS. Years in the Future Anticipated Profit (000's) 24 26 28 30 4 If the discount rate is 10% and the machine costs $90 (000), payable at once, what is the net present value of the machine? Is it a good purchase?...
C. Regression Analysis In this section, you will analyze the effects of weather conditions on workers' productivity. You collect a random sample of 500 workers. Your data includes the average time it takes each worker to complete the same task (minutes), the temperature that day (measured in Farenheit), the natural log of temperature that day, whether it was raining that day (dummy variable), and the workers' age (years). An extract of the data is shown below: temperature| log_temperature | rainy...
Problems 5 through 9 only please
C. Regression Analysis In this section, you will analyze the effects of weather conditions on workers' productivity. You collect a random sample of 500 workers. Your data includes the average time it takes each worker to complete the same task (minutes), the temperature that day (measured in Farenheit), the natural log of temperature that day, whether it was raining that day (dummy variable), and the workers' age (years). An extract of the data is...
In this section, you will analyze the effects of weather conditions on workers' productivity. You collect a random sample of 500 workers. Your data includes the average time it takes each worker to complete the same task (minutes), the temperature that day (measured in Farenheit), the natural log of temperature that day, whether it was raining that day (dummy variable), and the workers' age (years). An extract of the data is shown below: worker_id temperature log_temperature rainy date average_time age...
Capital Budgeting Framework
Structure
Notes
Revenue
Operating Expenses
Can be fixed and/or variable
EBITDA
Earnings Before Interest, Tax, Depreciation and Amortisation
Depreciation
Reduces Taxable Income, is a deduction companies are
entitled to due to loss in value of their assets (not applied to
all assets)
Gain or Loss on Sale
= SV – BV where Book Value is the value of the asset on the
books (Capital expenditure minus depreciation claimed up to and
including the time of sale of...
A trucking company pays drivers an hourly wage to drive trailer-loads of cargo to destinations. A fully-loaded tractor-trailer rig itself also costs the company an average of $1.25/mile to operate (for fuel, maintenance, insurance, etc.). distant To monitor the safety and whereabouts of drivers and cargo, each truck is equipped with a GPS tracker, which transmits a continuous (second-by-second) record of the truck's position; and a speedometer recorder, which transmits a continuous record of its speed (in mph). And the...
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