Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: J&G Bank receives a large number of credit-card applications each month, an average of 30,000 with a standard deviation of 4,000, normally distributed. Approximately 60% of them are approved, but this typically varies between 50% and 70%. Each customer charges a total of $2,000, normally distributed, with a standard deviation of $250, to his or her credit card each month. Approximately 85% pay off their balances in full, and the remaining incur finance charges. The average finance charge has recently varied from 3% to 4% per month. The bank also receives income from fees charged for late payments and annual fees associated with the credit cards. This is a percentage of total monthly charges and has varied between 6.8% and 7.2%. It costs the bank $20 per application, whether it is approved or not. The monthly maintenance cost for credit-card customers is normally distributed with a mean of $10 and standard deviation of $1.50. Finally, losses due to charge-offs of customers' accounts range between 4.6% and 5.4% of total charges.
a. Using average values for all uncertain inputs, develop a spreadsheet model to calculate the bank's total monthly profit.
b. Use Monte Carlo simulation to analyze the profitability of the credit card product. Use any of the Analytic Solver Platform tools as appropriate to fully analyze your results and provide a complete and useful report to the manager of the credit card division.
Given a graph, an independent set, is a collection of nodes which have no edges among them. Thus, in the following graph,the nodes B, D, and E form an independent set because there are no edges connecting one of them to the other two.
Explain whether you recommend that the investor invest less than 50% of his investment in blue-chip and speculative stocks - how to solve the linear programming problem by using the Excel Solver, perform a sensitivity analysis, and apply duality to ..
The total cost of her new car was $34,290.08 which included the 6.5% sales tax. Find the cost of the Premier Package to the nearest cent.
Grand Lake Furniture Company makes two types of picnic tables, rectangular and hexagon. The hexagon table takes 4 hours to make and 2 hours to finish. the rectangular table takes 3 hours to build and 1 hour to finish.
Math 054 Partial Differential Equations - HW Assignment 2. Explain in a short paragraph where the uxx(x, y) or ∇2u comes from in the heat equation. This should be understandable to someone outside the class. You can use terminology like heat flux....
a consumer products company wants to calculate the effectiveness of different types of advertising media in the
Research and define the concepts of maximum theoretical throughput, channel capacity, and bandwidth - Generate a graph of this function using Excel or another graphing utility.
a) What is the project's duration if only normal times are used? b) What is the minimum-cost schedule? c) What is the critical path for the minimum-cost schedule?
The company has developed the following linear programming model to determine the number of ounces of liver (X1) and milk (X2) to include in each jar of baby food to meet the requirements for protein and iron at the minimum cost.
Write a linear program to achieve our objective. Cast the model above as a network problem. Draw the associated network and give an interpretation in terms of flow in networks.
1. Find the Inverse Laplace Transform of the following:
QUESTION 1: Did you double check that you are using the correct data set? QUESTION 2: How many observations are there?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd