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Indiana University is deciding whether to renovate one of two dorms (they can only choose one of the dorms).  Both dorms provide 500 rooms for students. Which of the following is relevant to the decision: A Estimated cost of paint supplies  $500  $500 B Cost to remove toxic insulation from Dorm 1. Dorm 2 does not have this insulation.  $8,000  $  0   C Roofing materials  $1,000  $800 D Architect fees  $1,500  $1,500 E Labor costs  $10,000  $10,000 F Lost dorm rental fees if the dorm is shut down during renovation   $13,000  $15,000

  Bryan Inc. makes a product that sells for $150 per unit. The company’s costs are as following: Variable manufacturing costs $60 per unit Variable selling expenses $21 per unit Total fixed manufacturing costs $100,000 allocated to 10,000 units produced Total fixed selling & administrative expenses $200,000 allocated to 10,000 units produced Calculate the contribution margin per unit.

Q149

What type of cost stays the same per unit, even when activity levels change?  

Stem & Leaf display.  Consider the following data set.   25  36  62 41 31 74 53 49 57 47 42  33 48   59 Complete the stem and leaf display, separating leaf units by commas.  2 | [2L] 3 | [3L] 4 | [4L] 5 | [5L] 6 | [6L] 7 | [7L]

Consider the following population data set.  310 371 300 472 291 320 (Provide all answers to 2 decimal places.) 1. What is the z-score for the smallest observation?  [zsmall]2. What is the z-score for the largest observation?  [zlarge] 3. Are there any outliers based on the z-score method? (yes or no)  [Outlier] 4. If an observation had a z-score of +3.10, what would the value of that observation be?  [310Outlier]

First-time patients at the local medical clinic are required to fill out a questionnaire that gives the health care team a general idea of each patient’s health. The first question is: “In general, what is the quality of your health?” The patient chooses Excellent, Good, Fair, or Poor. Over the past month, the responses to this question from first-time patients were:  Poor  Good  Poor  Fair  Good  Poor  Fair  Fair  Good  Good  Excellent  Good  Excellent  Poor  Fair  Poor  Good  Fair  Poor  Good  Poor  Excellent  Good  Excellent 1. Construct frequency and relative frequency distributions that summarize the responses to the questionnaire.(Round relative frequency values to 3 decimal places; you need not provide a preceding zero.) Rating Frequency Relative Frequency   Poor [PF] [PRF]   Fair [FF] [FRF]   Good [GF] [GRF]   Excellent [EF] [ERF] 2. What’s the most common response from a student?  Question: “How are you?”  Answer: “I’m  [HRU].” 3. Convert this data from qualitative/categorical to quantitative such that the weights for well-being rating are:Excellent = 4, Good = 3, Fair = 2, and Poor = 1. What is the numerical weighted average for the well-being rating for these first-time patients?  (Provide your answer to 3 decimal places.)            [AVG]

It is important for us to identify outliers for two (2) reasons.  Those reasons are: 1.  The observation, as recorded, may be:  [outlier1] 2.  The observation, assuming it was recorded correctly, is:  [outlier2]

the Link to the article: Diego Mendez-Carbajo, “Adjusting for Inflation,” Federal Reserve Bank of St. Louis Page One Economics, Jan. 3, 2023.

Consider the following sample data set:​  3 12 7  6 5  9  1  8  2 7 1. What is the mean?  [Mean] 2. What is the median?  [Median] 3. What is the mode?  [Mode] 4. What is the range?  [Range] (Provide the remaining answers to 2 decimal places.) 5. What is the variance? [Variance] 6. What is the sample standard deviation? [StdDev]