Week 4 Problems
Complete the problems
The following data give the selling price, square footage, number of bedrooms, and age of houses that have sold in a neighborhood in the past 6 months. Develop three regression models to predict the selling price based upon each of the other factors individually. Which of these is best?
423 Use the data in Problem 422 and develop a regression model to predict selling price based on the square footage and number of bedrooms. Use this to predict the selling price of a 2,000squarefoot house with 3 bedrooms. Compare this model with the models in Problem 422. Should the number of bedrooms be included in the model? Why or why not?
424 Use the data in Problem 422 and develop a regression model to predict selling price based on the square footage, number of bedrooms, and age. Use this to predict the selling price of a 10yearold, 2,000squarefoot house with 3 bedrooms.
Week 6 Problems
61 Action Items
1.Read the Political Candidate Case.
2.Answer the following items about the case:
1.What is the Jim trying to optimize? Is he trying to maximize or minimize?
2.Write the objective function to support this analysis.
3.What inputs do you need to support your analysis?
4.Is there any extraneous data you have been given that you will not need?
5.What criteria has Jim given you to support the analysis?
3.Create a spreadsheet model that supports your analysis.
62 Action Items
1.Review the “Mexicana Wire Works” case study at the end of Chapter 7 in Quantitative Analysis.
1. Identify the one key item you are attempting to optimize (this becomes your SET TARGET CELL location
2. Identify the ten constraints associated with the problem.
3. Note that case facts like “defective product is stored separately until it can be reworked” is not pertinent,
whereas the April Orders chart is pertinent.
3.Complete the spreadsheet model and respond to the questions at the end of the case study.
1.Review problem 737 in Chapter 7 of Quantitative Analysis.37) Bhavika Investments, a group of financial advisors and retirement planners, has been requested to provide advice on how to invest $200,000 for one of its clients. The client has stipulated that the money must be put into either a stock fund or a money market
fund, and the annual return should be at least $14,000. Other conditions related to risk have also been specified, and the following linear program was developed to help with this investment decision:
total investment is
return must be at least
at least $40,000 must be in money market fund where invested in stock fund
M = dollars invested in money market fund
S = dollars
S,M Ú 0
M Ú 40,000
0.10S + 0.05M Ú 14,000
S + M = 200,000
Minimize risk = 12S + 5M
The QM for Windows output is shown below.
(a) How much money should be invested in the money market fund and the stock fund? What is the total risk?
(b) What is the total return? What rate of return is this?
(c) Would the solution change if risk measure for each dollar in the stock fund were 14 instead of 12?
(d) For each additional dollar that is available, how much does the risk change?
(e) Would the solution change if the amount that must be invested in the money market fund were changed from $40,000 to $50,000?
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.