A cosmetic X marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot cream. Yt = 80,000 + 15t; where Yt = Annual sales; t = 0 corresponds to year 2000 Predict the annual sales for the year 2005 using the equation.

A cosmetic X marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot cream. Yt = 80,000 + 15t; where Yt = Annual sales; t = 0 corresponds to year 2000 Predict the annual sales for the year 2005 using the equation.

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2) _____ Coffee houses frequently serve coffee in a paper cup that has a corrugated paper jacket surrounding the cup. This corrugated jacket: a) Serves to keep the coffee hot. b) Increases the coffee-to-surroundings thermal resistance c) Lowers the temperature where the hand clasps the cup d) All of the above e) Only a and c

2) _____ Coffee houses frequently serve coffee in a paper cup that has a corrugated paper jacket surrounding the cup. This corrugated jacket: a) Serves to keep the coffee hot. b) Increases the coffee-to-surroundings thermal resistance c) Lowers the temperature where the hand clasps the cup d) All of the above e) Only a and c

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Problem 1xc) Stirling Expansion Stroke During the isothermal expansion stroke of the idealized Stirling cycle shown, the right hand piston remains fixed as the left hand piston travels downward. Problem 2xc The steam accumulator shown is used to maintain a ready source of new steam at 300°C. A piston of 63.6 metric tonnes maintains the required pressure, and the top of the cylinder is open to the atmosphere. 1 metric tonne = 1,000 kg The initial cold condition is shown at right. Heat is added to achieve the required end conditions The chamber contains no air. Find the temperature and steam quality when the piston begins to move Find the work done during the process and the final height of the piston at the desired condition of 300°C.

Problem 1xc) Stirling Expansion Stroke During the isothermal expansion stroke of the idealized Stirling cycle shown, the right hand piston remains fixed as the left hand piston travels downward. Problem 2xc The steam accumulator shown is used to maintain a ready source of new steam at 300°C. A piston of 63.6 metric tonnes maintains the required pressure, and the top of the cylinder is open to the atmosphere. 1 metric tonne = 1,000 kg The initial cold condition is shown at right. Heat is added to achieve the required end conditions The chamber contains no air. Find the temperature and steam quality when the piston begins to move Find the work done during the process and the final height of the piston at the desired condition of 300°C.

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Question 1 In order to properly manage expenses, the company investigates the amount of money spent by its sales office. The below numbers are related to six randomly selected receipts provided by the staff. $147$124 $93$158 $164$171 a) Calculate ̅ , s2 and s for the expense data. b) Assume that the distribution of expenses is approximately normally distributed. Calculate estimates of tolerance intervals containing 68.26 percent, 95.44 percent, and 99.73 percent of all expenses by the sales office. c) If a member of the sales office submits a receipt with the amount of $190, should this expense be considered unusually high? Explain your answer. d) Compute and interpret the z-score for each of the six expenses. Question 2 A survey presents the results of a concept study for the taste of new food. Three hundred consumers between 18 and 49 years old were randomly selected. After sampling the new cuisine, each was asked to rate the quality of food. The rating was made on a scale from 1 to 5, with 5 representing “extremely agree with the quality” and with 1 representing “not at all agree with the new food.” The results obtained are given in Table 1. Estimate the probability that a randomly selected 18- to 49-year-old consumer a) Would give the phrase a rating of 4. b) Would give the phrase a rating of 3 or higher. c) Is in the 18–26 age group; the 27–35 age group; the 36–49 age group. d) Is a male who gives the phrase a rating of 5. e) Is a 36- to 49-year-old who gives the phrase a rating of 2. f) Estimate the probability that a randomly selected 18- to 49-year-old consumer is a 27- to 49-year-old who gives the phrase a rating of 3. g) Estimate the probability that a randomly selected 18- to 49-year-old consumer would 1) give the phrase a rating of 2 or 4 given that the consumer is male; 2) give the phrase a rating of 4 or 5 given that the consumer is female. Based on the results of parts 1 and 2, is the appeal of the phrase among males much different from the appeal of the phrase among females? Explain. h) Give the phrase a rating of 4 or 5, 1) given that the consumer is in the 18–26 age group; 2) given that the consumer is in the 27–35 age group; 3) given that the consumer is in the 36–49 age group. Table 1. Gender Age Group Rating Total Male Female 18-26 27-35 36-49 Extremely Appealing (5) 151 68 83 48 66 37 (4) 91 51 40 36 36 19 (3) 36 21 15 9 12 15 (2) 13 7 6 4 6 3 Not at all appealing(1) 9 3 6 4 3 2 Question 3 Based on the reports provided by the brokers, it is concluded that the annual returns on common stocks are approximately normally distributed with a mean of 17.8 percent and a standard deviation of 29.3 percent. On the other hand, the company reports that the annual returns on tax-free municipal bonds are approximately normally distributed with a mean return of 4.7 percent and a standard deviation of 10.2 percent. Find the probability that a randomly selected a) Common stock will give a positive yearly return. b) Tax-free municipal bond will give a positive yearly return. c) Common stock will give more than a 13 percent return. d) Tax-free municipal bond will give more than a 11.5 percent return. e) Common stock will give a loss of at least 7 percent. f) Tax-free municipal bond will give a loss of at least 10 percent. Question 4 Based on a sample of 176 workers, it is estimated that the mean amount of paid time lost during a three-month period was 1.4 days per employee with a standard deviation of 1.3 days. It is also estimated that the mean amount of unpaid time lost during a three-month period was 1.0 day per employee with a standard deviation of 1.8 days. We randomly select a sample of 100 workers. a) What is the probability that the average amount of paid time lost during a three-month period for the 100 blue-collar workers will exceed 1.5 days? Assume σ equals 1.3 days. b) What is the probability that the average amount of unpaid time lost during a three-month period for the 100 workers will exceed 1.5 days? Assume σ equals 1.8 days. c) A sample of 100 workers is randomly selected. Suppose the sample mean amount of unpaid time lost during a three-month period actually exceeds 1.5 days. Would it be reasonable to conclude that the mean amount of unpaid time lost has increased above the previously estimated 1.0 day? Explain. Assume σ still equals 1.8 days. Question 1 In order to properly manage expenses, the company investigates the amount of money spent by its sales office. The below numbers are related to six randomly selected receipts provided by the staff.$147 $124$93 $158$164 $171 a) Calculate ̅ , s2 and s for the expense data. b) Assume that the distribution of expenses is approximately normally distributed. Calculate estimates of tolerance intervals containing 68.26 percent, 95.44 percent, and 99.73 percent of all expenses by the sales office. c) If a member of the sales office submits a receipt with the amount of$190, should this expense be considered unusually high? Explain your answer. d) Compute and interpret the z-score for each of the six expenses. Question 2 A survey presents the results of a concept study for the taste of new food. Three hundred consumers between 18 and 49 years old were randomly selected. After sampling the new cuisine, each was asked to rate the quality of food. The rating was made on a scale from 1 to 5, with 5 representing “extremely agree with the quality” and with 1 representing “not at all agree with the new food.” The results obtained are given in Table 1. Estimate the probability that a randomly selected 18- to 49-year-old consumer a) Would give the phrase a rating of 4. b) Would give the phrase a rating of 3 or higher. c) Is in the 18–26 age group; the 27–35 age group; the 36–49 age group. d) Is a male who gives the phrase a rating of 5. e) Is a 36- to 49-year-old who gives the phrase a rating of 2. f) Estimate the probability that a randomly selected 18- to 49-year-old consumer is a 27- to 49-year-old who gives the phrase a rating of 3. g) Estimate the probability that a randomly selected 18- to 49-year-old consumer would 1) give the phrase a rating of 2 or 4 given that the consumer is male; 2) give the phrase a rating of 4 or 5 given that the consumer is female. Based on the results of parts 1 and 2, is the appeal of the phrase among males much different from the appeal of the phrase among females? Explain. h) Give the phrase a rating of 4 or 5, 1) given that the consumer is in the 18–26 age group; 2) given that the consumer is in the 27–35 age group; 3) given that the consumer is in the 36–49 age group. Table 1. Gender Age Group Rating Total Male Female 18-26 27-35 36-49 Extremely Appealing (5) 151 68 83 48 66 37 (4) 91 51 40 36 36 19 (3) 36 21 15 9 12 15 (2) 13 7 6 4 6 3 Not at all appealing(1) 9 3 6 4 3 2 Question 3 Based on the reports provided by the brokers, it is concluded that the annual returns on common stocks are approximately normally distributed with a mean of 17.8 percent and a standard deviation of 29.3 percent. On the other hand, the company reports that the annual returns on tax-free municipal bonds are approximately normally distributed with a mean return of 4.7 percent and a standard deviation of 10.2 percent. Find the probability that a randomly selected a) Common stock will give a positive yearly return. b) Tax-free municipal bond will give a positive yearly return. c) Common stock will give more than a 13 percent return. d) Tax-free municipal bond will give more than a 11.5 percent return. e) Common stock will give a loss of at least 7 percent. f) Tax-free municipal bond will give a loss of at least 10 percent. Question 4 Based on a sample of 176 workers, it is estimated that the mean amount of paid time lost during a three-month period was 1.4 days per employee with a standard deviation of 1.3 days. It is also estimated that the mean amount of unpaid time lost during a three-month period was 1.0 day per employee with a standard deviation of 1.8 days. We randomly select a sample of 100 workers. a) What is the probability that the average amount of paid time lost during a three-month period for the 100 blue-collar workers will exceed 1.5 days? Assume σ equals 1.3 days. b) What is the probability that the average amount of unpaid time lost during a three-month period for the 100 workers will exceed 1.5 days? Assume σ equals 1.8 days. c) A sample of 100 workers is randomly selected. Suppose the sample mean amount of unpaid time lost during a three-month period actually exceeds 1.5 days. Would it be reasonable to conclude that the mean amount of unpaid time lost has increased above the previously estimated 1.0 day? Explain. Assume σ still equals 1.8 days.

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MA 3351 – Fall 2015 Homework #3 Due Friday 18 September 1. Find eigenvalues and eigenvectors of the following matrices  1 2 2 4   3 1 1 2   3 0 0 4   1 2 1 3   0 −1 1 0   −2 1 0 1 −2 0 0 0 1   0 1 0 −1 0 0 0 0 1  . Do calculations by hand, though you can use Mathematica to check your results. 2. Find eigenvectors and eigenvalues of A =  2 0 1 1 2 −1 0 0 3  . Show that one of the eigenvalues is defective. Do calculations by hand, though you can use Mathematica to check your results. 3. Solve the initial value problem y′ = Ay, y (0) = y0 for the following cases (a) A =  −4 1 1 −4  y0 =  1 2  (b) A =  −1 1 0 −2  y0 =  −1 3  (c) A =  1 0 0 0 −2 1 0 1 −2  y0 =  1 0 2  Do all calculations by hand. 4. Repeat problem 3 using Mathematica to do all calculations. MORE PROBLEMS ON BACK OF PAGE 1 5. Use Mathematica’s Eigensystem function to find eigenvalues and eigenvectors of A =  −2 1 0 0 0 1 −2 1 0 0 0 1 −2 1 0 0 0 1 −2 1 0 0 0 1 −2  . Suppose you are interested in solutions to y′ = Ay. Without constructing the full solution, answer the following questions: (a) Does the solution grow or decay in time (or a mix of both)? (b) What is the smallest (in magnitude) rate constant? (c) What is the largest (in magnitude) rate constant? (d) As t → ¥, the solution will be dominated by one eigenvector times an exponen- tial. Which eigenvector, and what is the rate constant of the exponential? 6. Use diagonalization to compute (Is − A)−1, where A =  −2 1 0 1 −2 1 0 1 −2  . You may use Mathematica. I suggest running FullSimplify on your result. 2

MA 3351 – Fall 2015 Homework #3 Due Friday 18 September 1. Find eigenvalues and eigenvectors of the following matrices  1 2 2 4   3 1 1 2   3 0 0 4   1 2 1 3   0 −1 1 0   −2 1 0 1 −2 0 0 0 1   0 1 0 −1 0 0 0 0 1  . Do calculations by hand, though you can use Mathematica to check your results. 2. Find eigenvectors and eigenvalues of A =  2 0 1 1 2 −1 0 0 3  . Show that one of the eigenvalues is defective. Do calculations by hand, though you can use Mathematica to check your results. 3. Solve the initial value problem y′ = Ay, y (0) = y0 for the following cases (a) A =  −4 1 1 −4  y0 =  1 2  (b) A =  −1 1 0 −2  y0 =  −1 3  (c) A =  1 0 0 0 −2 1 0 1 −2  y0 =  1 0 2  Do all calculations by hand. 4. Repeat problem 3 using Mathematica to do all calculations. MORE PROBLEMS ON BACK OF PAGE 1 5. Use Mathematica’s Eigensystem function to find eigenvalues and eigenvectors of A =  −2 1 0 0 0 1 −2 1 0 0 0 1 −2 1 0 0 0 1 −2 1 0 0 0 1 −2  . Suppose you are interested in solutions to y′ = Ay. Without constructing the full solution, answer the following questions: (a) Does the solution grow or decay in time (or a mix of both)? (b) What is the smallest (in magnitude) rate constant? (c) What is the largest (in magnitude) rate constant? (d) As t → ¥, the solution will be dominated by one eigenvector times an exponen- tial. Which eigenvector, and what is the rate constant of the exponential? 6. Use diagonalization to compute (Is − A)−1, where A =  −2 1 0 1 −2 1 0 1 −2  . You may use Mathematica. I suggest running FullSimplify on your result. 2

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