1. Even though independent gasoline stations have been having a difficult time, Susan Solomon has been thinking about starting her own independent gas station. Susan’s problem is to decide how large her station should be. The annual returns will depend on both the size of the station and a number of marketing factors related to oil industry and demand for gasoline. After careful analysis, Susan developed the following table:
Size of Gasoline Station 
Good Market ($) 
Fair Market ($) 
Poor Market ($) 
Small 
$5,000 
$2500 
$1000 
Medium 
$10,000 
$7000 
$5,000 
Large 
$25,000 
$12,500 
$20,000 
You may use Excel QM or QM for Windows:
What is the Maximax decision?
Answer:
Explanation (include software output or calculation):
What is the Maximin decision?
Answer:
Explanation (include software output or calculation):
What is the criterion of realism decision? Use α = 0.25.
Answer:
Explanation (include software output or calculation):
Develop an Opportunity Loss Table.
Table:
What is the Minimax Regret Decision?
Answer:
Explanation (include software output or calculation):
2. Data collected on the yearly demand for 50pound bags of fertilizer at Sunshine Garden Supply are shown in the following table.
Year 
Demand for Fertilizer (1,000s of Bags) 
1 
3 
2 
4 
3 
6 
4 
8 
5 
6 
6 
7 
7 
8 
8 
7 
9 
9 
10 
6 
11 
5 
You may use Excel QM to:
Develop a threeyear moving average to forecast sales in year 12.
Answer:
Explanation (include software output or calculation):
Develop a 3year weighted average to predict demand in year 12, in which sales in the most recent year is given a weight of 1, the second most recent year is weighted 2 and sales in the third most recent year has a weight of 3.
Answer:
Explanation (include software output or calculation):
Develop a regression/trend analysis to estimate the demand for fertilizer in year 12.
Answer:
Explanation (include software output or calculation):
Analysis of the forecasting errors indicates which forecasting method (moving average, weighted moving average or regression) is best in this situation?
Answer:
Explanation:
3. Kaplan College has decided to “wire” its campus. The first stage in this effort is to install the “backbone,” i.e., to connect all the buildings. The table below gives the distances between the various buildings on campus in hundreds of feet.
You may use QM for Windows or complete it by hand:
Distances in Hundreds of Feet 

From 
To 






Building 1 
Building 2 
Building 3 
Building 4 
Building 5 
Building 6 
Building 1 

15 
12 
10 
14 
9 
Building 2 


8 
2 
5 
6 
Building 3 



16 
13 
14 
Building 4 




6 
7 
Building 5 





8 
Building 6 






How should the buildings be connected to minimize the total length of cable?
Answer:
Explanation (including any calculations or software output):
What length of cable is required?
4. The following represents the distances in miles from a warehouse (node 1) to various cities in Montana. The major outlet store is located at node 7.
From Node 
To Node 
Distance 
1 
2 
75 
1 
4 
375 
2 
3 
200 
2 
4 
250 
3 
4 
450 
3 
5 
25 
3 
6 
175 
4 
5 
50 
4 
7 
350 
5 
6 
145 
5 
7 
275 
6 
7 
450 
You may use QM for Windows or complete it by hand:
Find the shortest route and distance from Node 1 to Node 7.
Answer:
Explanation (including any calculations or software output):
5. The network of a city sewer system and their capacities are shown below. Remember that the arc has both capacity and reverse capacity. For example, row 1 is the flow from node 1 to node 2 and row 2 is the reverse flow from node 2 to node 1. There are seven branches in this network.
From Node 
To Node 
Fluid Flow 
1 
2 
250 
2 
1 
200 
1 
3 
150 
3 
1 
225 
1 
4 
325 
4 
1 
150 
1 
5 
300 
5 
1 
125 
2 
4 
375 
4 
2 
225 
3 
4 
250 
4 
3 
100 
3 
5 
175 
5 
3 
400 
You may use QM for Windows or complete it by hand:
Determine the maximum flow (in hundreds of gallons of water per minute) from node 1 to node 5.
Answer:
Explanation (including any calculations or software output):
6. The governor of Michigan believes that the state can improve the state’s crime rate if the state can reduce the percent of the population not covered by health insurance and reduce the percentage of teen pregnancy. (This requires you to use the States Dataset file that is included in Doc Sharing>Instructor Graded Projects.)
Using the States Data Set and Excel DataAnalysis (Regression),create the multiple regression prediction equation of the form Ŷ = b_{0} + b_{1}(X_{1}) + b_{2}(X_{2})
Answer:
Explanation (including any calculations or software output):
Predict the crime rate for Michigan if the percent not covered by insurance was 25% or 25 and the percent of teen pregnancy was 10% or 10?
Answer:
Explanation (including any calculations or software output):
7. A concessionaire for the local ballpark has developed a table of conditional values for the various alternatives (stocking decisions) and states of nature (size of crowd).
Stocking Decision 
Large Crowd ($) 
Average Crowd ($) 
Small Crowd ($) 
Large Inventory 
$15,000 
$10,000 
$5,000 
Average Inventory 
$12,500 
$1,000 
$5,500 
Small Inventory 
$8,000 
$3,000 
$1,000 
You may use Excel QM or QM for Windows:
If the probabilities associated with the states of nature are 0.3 for a large crowd, 0.3 for an average crowd, and 0.4 for a small crowd, determine:
The alternative that provides the greatest expected monetary value (EMV).
Answer:
Explanation (including any calculations or software output):
The expected value of perfect information (EVPI).
Answer:
Explanation (including any calculations or software output):
Why Work with Us
Top Quality and WellResearched 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% MoneyBackGuarantee
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.
Our Services
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
Essays
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.
Admissions
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.
Reviews
Editing Support
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.
Reviews
Revision Support
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.