Contact us at:

+1 315-750-4434

help@coursehomework.com

Final Exam

BUSN 603 Multiple Choice Questions Set Part 2-8

Jane wants to set up a photo shop. The cost to rent is $150 per week. The variable cost of making one photo is $20 and she can sell it for $50.

1. Jane has to sell ______ photos per week to break even

2. If Jane sells 10 units ,her profits would be ______ dollars

Paul wants to choose one of the two investments opportunities over three possible scenarios. Investment 1 will yield a return of $10000 in scenario1, $2000 in scenario 2 and a negative return of $5000 in scenario 3.

*…show more content…*

A/Yes, yes b/Yes,no c/No,yes d/No,no 2/ To minimize the production cost , the optimal amount of X100 crude oil used in producing regular gasoline is ________barrels and the optimal amount of X220 Crude oil used in producing regular gasoline is _______ barrels.

3/ To minimize the production cost , the optimal amount of X100 crude oil is used in producing economy gasoline is ________barrels and the optimal amount of X220 crude oil used in producing economy gasoline is __________.

At a car wash station , on average , there are 4 cars coming in for service every 10 minutes. The average wash time is 2 minutes. The poisson distribution is appropriate for the arrival rate and service times are exponentially distributed.Please convert all rates into cars per hour and answer the following questions.

1/ The average time a car spent in the waiting line is ______hours and the total time a car spent in the car wash station is _____hour.

2/The average number of cars in this car wash station is _______

3/ The probability that there are no cars in this station is ________

4/ The probability that there are exactly two cars in this station is _________

To study the weight accuracy of a 50lbs fertilizer bag. 12 samples of 12 bags of fertilizer in each sample were taken and the results are as follows

MEAN RANGE

Sample 1