Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Psisimparam

13/11/2020 Client: arwaabdullah Deadline: 24 Hours

Assignments: It is strongly recommended that you create a separate file for each of these problems in order to avoid that the simulation runs interfere with each other. For all problems, run 5000 trials.

Solve the following problems in Excel using Excel add-in- ‘analytical solver platform’ (due Thursday, oct 29th)

Q. 11. The owner of a ski apparel store in Winter Park, Colorado must make a decision in July regarding the number of ski jackets to order for the following ski season. Each ski jacket costs $54 each and can be sold during the ski season for $145. Any unsold jacket at the end of the season are sold for $45. The demand for jackets is expected to follow a Poisson distribution with an average rate of 80. The store owner can order jackets in lot sizes of 10 units.

a. How many jackets should the store owner order if she wants to maximize her expected profit?

b. What are the best-case and worst-case outcomes the owner may face on this product if she implements your suggestion?

c. How likely is it that the store owner will make at least $7,000 if she implements your suggestion?

d. How likely is it that the store owner will make between $6,000 and $7,000 if she implements your suggestion?

Hints:

a. Solve as a combination of simulation/optimization. The following functions will help with this problem (you may need others also which you have used before): PsiPoisson (see page 577) Psimin and Psimax (see pages 602-603); Psitarget (see page 596). 17 pts

b. Solve without an optimization. Instead, build a model and vary the order quantity in between 50, 60, 70, 80, 90, 100, 110 using the PsiSimParam function as discussed in section 12.14.2. Create a table similar to Figure 12.22. Answer all questions and discuss in case you find differences to your solution in part a). 15 pts

Q.17. Lynn Price recently completed her MBA and accepted a job with an electronics manufacturing company. Although she lilkes her job, she is also looking forward to retiring one day. To ensure that her retirement is comfortable, she intends to invest $3,000 of her salary into a tax-sheltered retirement fund at the end of each year. Lynn is not certain what rate of return this investment will earn each year, but she expects each year's rate of return could be modeled appropriately as a normally distributed random variable with a mean of 12.5% and standard deviation of 2%.

a. If Lynn is 30 years old now, how much money should she expect to have in her retirement fund at age 60?

b. Construct a 95% confidence interval for the average amount Lynn will have at age 60.

c. What is the probability that Lynn will have more than $1 million in her retirement fund when she reaches age 60?

d. How much should Lynn invest each year if she wants there to be a 90% chance of having at least $1 million in her retirement fund at age 60?

e. Suppose Lynn contributes $3,000 annually to her retirement fund for eight years and then terminates her annual contributions. How much of her salary would she have contributed to this retirement plan and how much money could she expect to have accumulated at age 60?

f. Now suppose that Lynn contributes nothing to her retirement fund for eight years and then begins contributing $3,000 annuallly until age 60. How much of her salary would she have contributed to this retirement plan, and how much money could she expect to have accumulated at age 60?

g. What should Lynn (and you) learn from the answers to questions e and f?

Hints: Part d) is similar to last week – try different values, explain what you did and provide answers. Show a new model for e) and f. 25 pts. For the interest calculation, assume that there is no interest in the first year (when she is 30) just the addition of $3000. Year "60" is the last year where funds and interest are added.

Note : All solutions need to be done in excel using ‘Analytical solver platform’.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Buy Coursework Help
Quality Homework Helper
A+GRADE HELPER
Peter O.
Writer Writer Name Offer Chat
Buy Coursework Help

ONLINE

Buy Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer
Quality Homework Helper

ONLINE

Quality Homework Helper

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer
A+GRADE HELPER

ONLINE

A+GRADE HELPER

Greetings! I’m very much interested to work on this project. I have read the details properly. I am a Professional Writer with over 5 years of experience, therefore, I can easily do this job. I will also provide you with TURNITIN PLAGIARISM REPORT. You can message me to discuss the detail. Why me? My goal is to offer services to you that are profitable. I don’t want you to place an order once and that’s it. For me to be successful, I need you to come back and order again. Give me the opportunity to work on your project. I wish to build a long-term relationship with you. We can have further discussion in chat. Thanks!

$55 Chat With Writer
Peter O.

ONLINE

Peter O.

Hello, I can assist you in writing attractive and compelling content on ganja and its movement globally. I will provide with valuable, informative content that you will appreciate. The content will surely hit your target audience. I will provide you with the work that will be according to the needs of the targeted audience and Google’s requirement.

$55 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Applied medical clip applier - Enterprise Risk Management - How characteristics of the workplace and occupational context affect learning - LAW 4 - Leverline soap dispenser refill - Thesis review milestone uq - Dirt bikes usa information systems - Consumer behavior henry assael pdf - What happened to powerade - Tcs business 4.0 ppt - Deborah tannen talking from 9 to 5 pdf - Assignment #5 The Hero's Journey - Cost reduction pressures can be particularly intense in industries producing - Sweet leaf bath co case analysis - Operations mangement - Band 5 brisbane city council - Assignment - Marketing and distribution channel letter - Secrets of successful transactions on Kwork - Index for inclusion developing learning and participation in schools - Bodybuilding push pull routine - Siemens training and development case study - Word chapter 1 grader project homework 3 project g - And the raths outgrabe crossword - How social media endangers knowledge - Andrzej frycz modrzewski krakow university - Socrates moral principles - African History Discussion question - Manor farm nursery sandy - The minstrels care home boston - Woo keng leong singpost email - Disaster Recovery for Cyber Security Assignment - Case study - Scd2 implementation in datastage parallel jobs - Wk 5, IOP 480: Organizational Change_Rework - Backward integration involves performing industry value chain activities - How to write a thank you letter to a teacher - Criminal jurisprudence reviewer with answer key - Two ships passing in the night longfellow - Imbalanced nutrition nursing care plan - Advocacy - Macbeth dagger soliloquy analysis - Safe work industry module - The Nature and causes of crime - Each student will write a research paper on an organization of his or her choice (5-7 pages). The organizational analysis will utilize a minimum of five external, peer-reviewed academic sources and contain the following sections: - What shape has 4 equal sides and equal length diagonals - Neptronic skr humidifier manual - Starbucks international operations case study - Black and decker router 7614 type 3 manual - Speed of sound khan academy - Nursing - Business Ethics: Paper - Assignment: Homeland Security Threats, Risks, and Vulnerabilities - An electron with an initial velocity - A small copy - How to create a multimedia presentation in powerpoint - If at the mc mr output avc exceeds price - Wisdom 3 1 9 meaning - Fin 534 homework set 4 answers - Electrical wiring standards in india - Competitive Strategy - Enc 1101 broward college syllabus - Aac participation model explained - Miss evers boys movie download - Difference between radio and television news - Cmgt qs - Convert complex number to rectangular form - Dedication and acknowledgements in dissertation - Human impact on the environment worksheet answer key - Eng 102 1 - Our fear of immigrants - Madison harris the owner invested t account - In n out burger boston ma - five page paper - How to prepare acidified potassium permanganate solution - Commonwealth courts portal login - How gram staining works - How to solve for x on cas calculator - Government - Jewish History - Assignment 1 part a your marketing plan - Outline the difference between a Civil Right and a Civil Liberty - I need 300 words on Business Management - Impacts of tourism slideshare - Why did kathy experience the altered sensation - University of sheffield campus map - How does a solid state overload relay work - Kimberley aboriginal medical service - DANCE REVIEW - Up in michigan hemingway pdf - To achieve security and resilience critical infrastructure partners must - Zoo story by thomas french chapter summaries - Community Nursing DQ 1 week 7 student reply Yanet Garrido - Fine Arts Paper - Pro stock engine rules - Welfare principle in uganda - What is a salon in history - Read clinic central coast - Wittig reaction lab report - Journal of coastal life medicine