Reference no: EM131820150
Four students must work together on a group project. They decide that each will take responsibility for a particular part of the project, as follows:
Because of the way the tasks have been divided, one student must finish before the next student can begin work. To ensure that the project is completed on time, a schedule is established, with a deadline for each team member. If any one of the team members is late, the timely completion of the project is jeopardized. Assume the following probabilities:
1. The probability that Maria completes her part on time is .8.
2. If Maria completes her part on time, the probability that Alex completes on time is .9, but if Maria is late, the probability that Alex completes on time is only .6.
3. If Alex completes his part on time, the probability that Juan completes on time is .8, but if Alex is late, the probability that Juan completes on time is only .5.
4. If Juan completes his part on time, the probability that Jacob completes on time is .9, but if Juan is late, the probability that Jacob completes on time is only .7. Use simulation (with at least 20 trials) to estimate the probability that the project is completed on time. Think carefully about this one. For example, you might use a random digit to represent each part of the project (four in all). For the first digit (Maria's part), 1-8 could represent on time and 9 and 0 could represent late. Depending on what happened with Maria (late or on time), you would then look at the digit representing Alex's part. If Maria was on time, 1-9 would represent on time for Alex, but if Maria was late, only 1-6 would represent on time. The parts for Juan and Jacob could be handled similarly.
|
Competition for new and existing licenses
: Many cities regulate the number of taxi licenses, and there is a great deal of competition for both new and existing licenses. Suppose that a city has decided
|
|
How much will net income change
: If Coleman buys the component from the outside supplier instead of making it, how much will net income change?
|
|
What is the maturity value of the bonds
: Analyzing, journalizing, and reporting bond transactions Billy's Hamburgers issued 4%, 10-year bonds payable at 75 on December 31, 2016.
|
|
What would be the balances in the center
: What would be the balances, at the end of 2014, 2015, and 2016, in the center's (1) permanently restricted endowment fund
|
|
Responsibility for a particular part of the project
: Four students must work together on a group project. They decide that each will take responsibility for a particular part of the project, as follows:
|
|
Behavior finance question-prediction market
: Behavior finance question/ prediction market-create a prediction market to predict which new beverage the company should market next summer.
|
|
Strategic management poems and strategic planning
: Strategic Planning and Strategic Management Paper - Recognize the difference between the strategic management poems and strategic planning
|
|
How much total bond interest expense will be recognized
: How much total bond interest expense will be recognized over the life of these bonds? (Omit the "tiny_mce_markerquot; sign in your response.)
|
|
Determine will the bonds be priced at face value
: If the market interest rate is 9% when ACU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain
|