Exam 1 - Problems

8/18/2019 Exam 1 - Problems

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NAME

Last name, First name

HONOR CODE: The students in this group individually and collechonesty, and ethical behavior during the group exercise. We, theand abide by the following rules:• We will not give or receive unpermitted aid in work that is to• The work that we report here is based on the sole contributions• We have not and will not discuss anything about this exercise

are released• While the faculty alone has the right and obligation to set acad

to establish optimal conditions for honorable academic work• "iolations of the above code will be reported to the o#ce of th

faculty and the $ean%s o#ce.


2/73

SECTION #: ___________

SC ID

A!!"ication Eam $

ively accept the responsibility for maintaining integrity,tudents (with printed names below) agree to fully understand

be used by the instructor as the basis of grading from the undersigned group members

ith members outside our group till the grades for this exercise

mic re!uirements, the students and faculty will work together

$ean and will lead to penalties to be determined by the


3/73

&roblem &oints 'core

* +

+ +

- +

* /ol. 0 1 +* /ol. 2 1 +

* /ol. 3 1 +

/ols. 4 and 5 + +

/ol. 6 +

1 1 +

7 /ell 8 1 +

7 /ell 9 1 +

7/ell -+ 1 +

+ +

+

Total +


4/73

What is the median salary; %&$,'('

ou must reference the values in your formulas.

ro-"em $: ?ur company has *++ employees as of today. Their salaries are listright.

ro-"em .: 2ow many employees work in the 6arketing $epartment and haveof at least @+,+++; >our answer in cell /-+ must be an Axcel formula that produ

number.


5/73


6/73


7/73


8/73


9/73


10/73


11/73

Amployee Bame $epartment

4ristina 2. /hung 2uman Cesources

&aige 2. /hen 2uman Cesources

'herri A. 6elton 6arketing

0retchen 3. 2ill ?perations

4aren D. &uckett ?perations&atrick ?. 'ong ?perations

Alsie . 2amilton 2uman Cesources

2aEel A. ender 2uman Cesources

6alcolm . Wagner ccounting

$olores /. 6c5aughlin 6arketing


12/73

2arvey B. Dnderwood ccounting

William ?. Fones ccounting


13/73

Foann T. 'tout 2uman Cesources

Connie ?. /owan


14/73

Beal 5. 0lover 6arketing

6artin 3. "ick 6arketing

Fack G. ?G$onnell ?perations

"incent ?. 0oldman ?perations

eth /. 6c4enna 2uman Cesources

6ilton T. 'tarr ?perations

Tamara T. 'tone ?perations6itchell /. 6c/lure 2uman Cesources


15/73

Fudy C. ranch ccounting

/lyde 2. Thornton ccounting

Timothy /. 6cBeill


16/73

. yers ccounting

Wendy 2. /herry ?perations

5ucille 3. Cichmond 6arketing

"irginia ?. >ork ccountingruce 3. Wiley ccounting

6arc 2arrington 2uman Cesources


17/73

0eoHrey A. Ceed ccounting

TiHany . Bash


18/73

'alary

@ 1,-

@ 1,7-1

@ 8-,98

@ ,8+

@ 71,1*@ 89,179

@ 8,-+

@ 7*,97

@ 88,9

@ 8*,8+

@ 7,17

@ 77,7-7

@ 19,7+

@ 87,*+

@ ,-7@ 7,+

@ 87,7

@ ,+

@ 1,99

@ 8-,8+8

@ 77,9+

@ 87,71

@ *,+8

@ ,-9

@ 7+,877@ 8,-8

@ 9,8-

@ -,9*1

@ 8*,**+

@ 7-,111

@ 11,-7

@ 8,771

@ 7+,8

@ 18,88

@ 18,-+7

@ 11,-71

@ 1-,*8+

@ 7+,

@ +,1+

@ 71,-8

@ 8+,

@ 8,799

@ 11,-1

@ 8,*1

@ 1,9-

@ 77,-9-@ 71,-

@ 8 99


19/73

@ 8-,71

@ 7*,8*1

@ 89,1*

@ 7,17-

@ 19,89

@ 7,91

@ -,+*@ 89,9

@ 81,11*

@ ,+9-

@ 8,87

@ 8*,*8-

@ 78,*81

@ 7,+8

@ 87,--1

@ 1,1

@ 1,7-9@ 8+,9

@ 8+,+

@ ,-7+

@ 1*,8*

@ 1,987

@ 8*,1

@ 7,9*

@ 77,89

@ 8,19

@ 81,9

@ 8-,989

@ 8-,877

@ 8+,7*

@ 81,--8

@ 8,

@ 7-,899

@ 1,89

@ -,1+

@ 89,*7

@ 17,11

@ *,-7@ -,81*

@ 7,817

@ 11,91-

@ *,79

@ 9,77

@ 7,*

@ 7,8+8

@ 88,7-

@ 11,7

@ 7,19@ -,99*

@ 89 -19


20/73

@ 8,8-

@ 88,+8

@ 89,79

@ ,9+

@ +,*8

@ 7*,*7

@ 11,17@ 9,1+*

@ 1+,-1

@ 79,+-

@ 7-,89*

@ 7,-7*

@ ,

@ 7+,81+

@ 8,-*

@ 81,7

@ 79,11@ 87,8-1

@ ,9-9

@ ,+9

@ 7,7-9

@ 81,8

@ 1,181

@ 7*,---

@ 1,-9-

@ 81,-

@ 1+,9

@ ,978

@ 1+,+9

@ 7,17

@ 8+,-

@ 1-,1+8

@ 1+,*98

@ 17,-77

@ +,-8

@ 7,887

@ 8,9+

@ 87,97@ 11,9

@ 9,78

@ 78,1-+

@ 8*,7*1

@ 9,-1+

@ 1+,-9

@ 8,+8

@ 7+,+*

@ 1+,1*

@ 78,781@ -,+++

@ 11 -7


21/73

@ 81,*+

@ 8,1-+

@ 1,7

@ 8,77

@ 77,9

@ 78,778

@ 17,9-+@ 19,--

@ 8,+1

@ 78,*7*

@ 8+,99

@ -,+1

@ 8+,*9-

@ 8,-7*

@ 18,

@ ,-8

@ 71,*71@ 1,978

@ 1,119

@ 87,98

@ 1,+9

@ 18,8-7

@ 18,81

@ 1,981

@ 7+,8

@ 1,**

@ 17,1-

@ 7,9-

@ -,88

@ 7,9+

@ 1,*19

@ 7+,8

@ 7,-*+

@ ,97

@ 8,8

@ 88,1

@ 7-,+78

@ 8+,-**@ 89,8

@ 7*,1*

@ ,*1+

@ 7-,1++

@ 8,1

@ 7-,81-

@ 8,17

@ 17,*17

@ 1,811

@ 7+,+@ 9,-8

@ 8 -*


22/73

@ 17,**

@ -,++

@ ,-1

@ 7,89

@ 8-,+77

@ 8,1+

@ 8,7@ 81,79*

@ 8+,9

@ 8*,7+

@ 7,*+

@ 81,*9-

@ 8-,1--

@ 18,1

@ 81,1

@ 8+,7+-

@ 7+,1+8@ 77,8

@ ,9-

@ 1*,*11

@ 17,791

@ 7+,+7

@ 7,-*

@ 17,8

@ 81,9

@ +,9-

@ 8,-

@ ,7-1

@ *,*8*

@ 89,-

@ 1*,78

@ 1,81*

@ 8-,19*

@ 18,+

@ 8,+-7

@ 7*,-

@ 1*,*8

@ 8+,78@ 9,8

@ 8,8+-

@ 7,81-

@ 7,+

@ -,*9*

@ 17,++

@ 19,7

@ 1+,++-

@ *,-7

@ 7*,8-7@ 1,-1

@ 9**


23/73

@ 1*,18

@ 81,8+1

@ ,--

@ 8-,-1

@ 1*,7*

@ 71,*-

@ 8,8@ 87,91

@ 19,-9

@ 7*,7

@ 87,89

@ 7,+

@ 7,*

@ 7+,++8

@ 8,*+

@ 9,1*7

@ 1,8--@ 7,9-

@ +,*1-

@ ,7-7

@ 7,+8

@ 17,91

@ 7,-7

@ 7,*+

@ 1*,+

@ ,9

@ 77,1-9

@ ,7*

@ 1+,*7

@ 1-,++

@ 17,-+

@ 89,*7-

@ 7-,+1

@ 7-,+9

@ 8+,81

@ 7,+-

@ 81,-8

@ 7*,+8@ 77,-9+

@ 8+,+-+

@ 7,97

@ 87,7-

@ 1*,*

@ 1*,17

@ 8,8

@ +,981

@ 7,++9

@ 7,*@ 19,1*

@ 7 -


24/73

@ -,718

@ 19,789


25/73

Name Age /en0er n0ergra01ate

$ipesh $esai -* 6ale >es

4ristina 2. /hung * 6ale >es

&aige 2. /hen -1 6ale >es

'herri A. 6elton -+ 6ale >es

0retchen 3. 2ill *7 6ale Bo

4aren D. &uckett - es

&atrick ?. 'ong - 6ale >es

Alsie . 2amilton * es

2aEel A. ender * es

es

'andy . Caynor * es

6arion ?. 6oon -* 6ale Bo

eth ?. Woodard -8 6ale >es

Fulia A. $esai -8 6ale >es

Ferome . Wallace *8 esBeal . 5awrence *8 es

4ristine ?. $ougherty - es

lex . 6ay -* es

Aric T. 'teele *9 es

Wesley A. Teague *8 6ale >es


26/73

Wayne ?. /onnolly *- es

eth . Walton *7 es

Arica . 2all *- es

$ouglas ?. Coss *- es

$onald 2. /hung *9 6ale >es

4atherine A. ender * 6ale >es

&aul ?. Woods *1 es

&atricia . 6angum ** es

5ois ?. Foseph * 6ale >es5ouis ?. Cosenthal *1 6ale >es

/hristina ?. owden *+ es

William ?. Fones *+ 6ale Bo

es

'ara D 5ucas * es


27/73

'tacy . Aason * 6ale >es

0ladys . $avidson *- es

6ike 2. Whitehead -* 6ale Bo

5ynne ?. Cose *+ 6ale >es

es

lison /. 'carborough * 6ale >es

'herri D. 'utton - 6ale >es

&atsy 3. 'inclair *- 6ale Bo

4elly ?. owman *-


28/73

6artin D. Fustice -+ 6ale >es

Toni 5. 0lass * es

eth 3. Willis *- es

Fessica A. 2ester ** 6ale Bo

'amantha 5.


29/73

6ark A. ecker -1 es

5ouis ?. Collins -* es

Fanet ?. 5ove *7 6ale Bo

5eo $. dkins ** 6ale Bo

/onstance 5. lack -1 es

'arah ?. es

2aEel 5. 5loyd *9 6ale >es

Ferome ?. Foyce -


30/73

es

6arvin . &arrott -- es

lex A. 2enry -9 es

lexander C. 0ray -7 6ale >es

6arsha 2. /hang * es

6onica ?. $odson -7 6ale >es

Fustin &. 'pencer *8 6ale Bo

6argaret D. urgess -- es

Foanna 3. 6iddleton *1 6ale >es

'tacy C. es

Fanice A. Ceid * esrian C. raswell -7 6ale >es

Fuan T. 'teele - 6ale >es

5eroy ?. $onovan -8 es

Tommy . arrett *7 6ale >es

lice . Bance *8 es

dam . Washington *1


31/73

Fan C. rown *+ 6ale Bo

5illian ?. olton -9 es

llen C. /raven - es

shley A. 2endrix -* 6ale >es

3an 3. Bichols -8


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/ra01ate

>es * + $ipesh $esai

Bo + + Bo

Bo - + Bo

Bo 7 'herri A. 6elton

Bo + + Bo

>es + + 4aren D. &uckett

>es - + &atrick ?. 'ong

>es + Alsie . 2amilton

Bo 1 + 2aEel A. ender

>es + 6alcolm . Wagner

Bo $olores /. 6c5aughlin

>es 1 es + + 'andy . Caynor

Bo * + Bo

Bo + + Bo

>es + + Fulia A. $esai

>es + Ferome . WallaceBo 7 + Beal . 5awrence

>es - + Fean C. 0ri#n

Bo + Bo

Bo 7 /rystal ?. &owers

>es * + lex . 6ay

Bo 1 + Aric T. 'teele

Bo Wesley A. Teague

Bo * + Bo

Bo 7 /laire . 0allagher

Bo 6arian ?. 'olomon >es 7 6arcia . Walsh

Bo 1 $wight ? 6onroe

3or4E!erience

Ma"e an0 at"east .25

6$7*8

/ra01ste 0egree or at"east + 9ears or4

e!erience

o have applied for an engineering Iob at K>Jcopy them down.

answer to both !uestions is yes, enter +

n each of these, answer the name of the

f work experience;years of work experience;

distribution for the ages for the applicants fore fre!uency for ea ch age.


33/73

Bo 1 + Wayne ?. /onnolly

Bo + Bo

Bo 1 Beal 3. 6iddleton

Bo 7 0retchen ?. 0oldstein

Bo 7 + Tim . Watts

Bo 1 Ferome ?. Fohnston

>es - + 'helley A. WeeksBo + Bo

>es Alsie . arton

>es + eth . Walton

Bo + Arica . 2all

>es 7 + $ouglas ?. Coss

Bo + + Bo

Bo + Bo

Bo 7 + &aul ?. Woods

>es 1 + &atricia . 6angum

Bo * + BoBo 7 5ouis ?. Cosenthal

Bo + + Bo

Bo 7 + $arlene . arton

>es + 2arvey B. Dnderwood

Bo * + Bo

>es * + es 1 + Fason C. /ross

Bo + Bo

Bo 0retchen ?. 2olmes

Bo + Bo

Bo 0lenda ?. 6organ

Bo 1 + 'cott ?. 2oyle

Bo + &at 5. llen

Bo + Bo

Bo - + Bo

Bo - + Bo

Bo 1 6elinda C. &roctor

>es + /alvin 3. $iaE

Bo + + Bo

Bo - + Bo >es * + 5uis 3. 2inton

Bo + Bo

Bo * + Bo

Bo * + Bo

Bo Batalie . Walton

>es * + /aroline G. ?Grien

Bo 1 + rlene . /ase

Bo + Bo

Bo * + Bo

Bo - + BoBo 'amantha . 2ardin

>es 1 + 'ara D 5ucas


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Bo - + Bo

Bo + 0ladys . $avidson

Bo + Bo

>es + 5ynne ?. Cose

Bo 7 + es 7 'herri D. 'utton

Bo 1 &atsy 3. 'inclair

Bo + Bo

Bo + Bo

Bo + Bo

Bo * + Bo

Bo 7 + Fennifer 2. /hristian >es 7 + rett . 5amb

>es + randon . Fames

Bo * + Bo

Bo + Bo

Bo + + Bo

Bo - + Bo

>es 7 0ene ?. owling

Bo + + Bo

>es - + 0eoHrey 5. /lapp

Bo 1 + &atricia . brams

Bo 1 + Fennifer 3. Tilley

Bo + Bo

>es + 'hawn ?. oykin

Bo * + Bo

Bo - + Bo

Bo + Bo

Bo + Bo

Bo - + Bo

>es + Foan /. 6cllister

Bo * + Bo

Bo 1 + $anny >. yrneBo &eggy /. 'chroeder

Bo 7 + 5eslie C. 0ri#n

>es - + 6arshall C. 0ross

Bo 7 + 'ara A. &erkins

Bo + + Bo

>es + Fack . &almer

Bo 1 0ayle C. rady

Bo 1 enIamin ?. Cowe

>es - + Coberta 2. Jhang

>es 1 + &atricia ?. 2odgeBo 1 + /liHord 3. 5i

Bo + Foanne ? owling


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>es + 6artin D. Fustice

>es * + Toni 5. 0lass

>es + eth 3. Willis

Bo Fessica A. 2ester

Bo 7 + 'amantha 5. es + + $ianne ?. Borman

Bo - + Bo

>es - + Tamara D. 2unt

Bo 1 6ary >. yrd

Bo + Bo

Bo 7 + FeH . 4aplan

Bo * + Bo

Bo * + Bo

>es - + Caymond A. Fennings

Bo + + BoBo * + Bo

Bo + 4athy ?. 2olloway

Bo * + Bo

>es 7 + Beal 5. 0lover

Bo * + Bo

>es + Fack G. ?G$onnell

Bo 7 "incent ?. 0oldman

Bo eth /. 6c4enna

>es + 6ilton T. 'tarr

Bo + Tamara T. 'tone

Bo - + Bo

Bo + Bo

>es 7 5eroy ?. 6onroe

>es 1 0len . bbott

Bo + Bo

>es 1 lice . 2all

Bo 7 + ruce . es + + Cobert A. Ceid

Bo - + Bo

Bo * + Bo

Bo &eggy ?. 2obbs

Bo - + Bo

>es 1 $oris 3. 4inney

Bo + Bo

>es * + 4ristin 5. lexanderBo * + Bo

>es + + Tracey Waters


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>es + + 6ark A. ecker

>es - + 5ouis ?. Collins

Bo 1 Fanet ?. 5ove

Bo * + Bo

Bo + /onstance 5. lack

Bo 7 + 'arah ?. es * + 0ladys . 2atcherBo + Bo

>es 2aEel 5. 5loyd

Bo - + Bo

Bo 7 "incent A. Welch

>es + 4im . 6atthews

>es - + Foseph 2. /happell

>es 7 + lison . 6ac$onald

Bo 1 + Aric . 4ane

Bo * + Bo

Bo 7 + /laire 3. &ickettBo + 6ichele ?. owman

Bo 7 + Terry . arton

>es 1 + 4en A. 4ennedy

Bo 1 + Fudy C. ranch

>es 7 /lyde 2. Thornton

Bo 7 + Timothy /. 6cBeill

Bo + + Bo

Bo - + Bo

>es + illie ?. 6oss

Bo + 4atharine D. 5ucas

Bo * + Bo

Bo 7 + Fohnny . /arlton

>es - + shley C. rady

Bo - + Bo

Bo * + Bo

Bo - + Bo

>es 1 + /harlene T. 'tevenson

Bo + + Bo

Bo - + Bo

>es 1 en A. West

Bo + + BoBo + 'arah . arr

>es 1 + rett B. 'nyder

Bo - + Bo

Bo 1 + Cebecca A. 2eath

>es + 0lenda ?. oswell

Bo * + Bo

Bo 1 + $on 3. &ittman

>es 7 0regory A. Weiner

>es - + Candy A. &etersen

Bo - + BoBo - + Bo

Bo 1 'idney A Terrell


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>es 7 + es + 6arvin . &arrott

Bo 1 + lex A. 2enry

>es + + lexander C. 0ray

Bo - + BoBo * + Bo

Bo * + Bo

Bo 1 + 6elinda A. Weeks

Bo + + Bo

Bo + + Bo

Bo + + Bo

>es * + Adna ?. 2oyle

Bo - + Bo

Bo + &enny A. Beal

Bo + + Bo >es 7 + rthur ?. 0oldman

>es + Wesley 2. 'haHer

>es 1 + llison 2. /hoi

Bo - + Bo

Bo - + Bo

Bo + Feremy ?. 2ouse

Bo * + Bo

Bo + + Bo

>es + 5ucy 3. $ickinson

Bo + Bo

>es * + Bancy ?. 2obbs

Bo 7 6onica ?. $odson

Bo 7 Fustin &. 'pencer

Bo - + Bo

Bo * + Bo

>es - + 6iriam ?. Wong

Bo * + Bo

Bo 1 /hristopher /. 6c4ay

>es 1 Foanna 3. 6iddleton

>es + 'tacy C. es 1 + Fanice A. CeidBo + + Bo

Bo Fuan T. 'teele

>es + 5eroy ?. $onovan

Bo 1 Tommy . arrett

Bo + Bo

Bo - + Bo

Bo 7 5arry ?. Cogers

Bo - + Bo

>es + 5awrence 3. 6iles

>es 1 + 0len C. 4ramer >es + + "alerie A. Fennings

Bo + + Bo


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Bo 1 Fan C. rown

Bo + + Bo

Bo * + Bo

>es + shley A. 2endrix

Bo * + Bo

Bo + Bo

Bo $onna A. 5ehman >es * + /atherine 2. 'herrill

Bo 1 + 5ester . /ash

Bo - + Bo

Bo 1 Bancy D. 'ullivan

Bo + 0ail 2. Whitehead

>es 7 + 5loyd . 6ack

Bo 7 + $onna 3. Cice

>es + 4ay >. yers

Bo 7 + Wendy 2. /herry

Bo + 5ucille 3. CichmondBo - + Bo

Bo - + Bo

Bo - + Bo

Bo + Bo

11 8


39/73

&roblem &oints 'core /omments

* /ol. 0 1

* /ol. 2 1

* /ol. 3 1

/ols. 4 and 5 +

/ol. 6

;ins Fre


40/73

Bo

Bo

Bo

0retchen ?. 0oldstein

Tim . Watts

Ferome ?. Fohnston

BoBo

Alsie . arton

Bo

Arica . 2all

$ouglas ?. Coss

Bo

Bo

&aul ?. Woods

&atricia . 6angum

5ois ?. Foseph5ouis ?. Cosenthal

Bo

$arlene . arton

Bo

Bo


41/73

Bo

0ladys . $avidson

Bo

Bo

Bo

$iana ?. 6oore

BoBo

'teve C. 0raves

Bo

'herri D. 'utton

Bo

Bo

Bo

Bo

$ana /. 6c5ean

Fennifer 2. /hristianrett . 5amb

Bo

Bo

Bo

Bo

Bo

0ene ?. owling

Bo

Bo

&atricia . brams

Bo

Bo

'hawn ?. oykin

"incent D. 'umner

Bo

Bo

Bo

Bo

Bo

etty /. 6c4enEie

$anny >. yrne&eggy /. 'chroeder

Bo

Bo

'ara A. &erkins

Bo

Bo

0ayle C. rady

enIamin ?. Cowe

Bo

&atricia ?. 2odgeBo

Bo


42/73

Bo

Toni 5. 0lass

Bo

Bo

Bo

Fimmy C. 0raves

BoBo

Bo

Bo

Bo

Bo

FeH . 4aplan

'andra A. 2eller

4atie . 6ay

Bo

BoBatalie ?. 5ocklear

Bo

Bo

Beal 5. 0lover

Bo

Bo

"incent ?. 0oldman

Bo

Bo

Tamara T. 'tone

Bo

Bo

5eroy ?. 6onroe

0len . bbott

Bo

lice . 2all

Bo

Bo

Bo

Bo

BoBo

Bo

Bo

Bo

'tephen 3.


43/73

Bo

Bo

Bo

Bo

/onstance 5. lack

'arah ?.


44/73


45/73

Bo

Bo

llen C. /raven

Bo

Bo

Bo

$onna A. 5ehman/atherine 2. 'herrill

Bo

Bo

Bancy D. 'ullivan

0ail 2. Whitehead

5loyd . 6ack

$onna 3. Cice

4ay >. yers

Bo

BoBo

Bo

Bo

Bo

1


46/73

+.+1********

+.+17777777

+.+********

+.+1

+.+1********

+.+

+.+1********

+.+1********

+.+7777777

+.+-7777777

+.+-7777777

+.+17777777

+.+8

+.+*7777777

+.+-7777777

+.+7

+.+7777777+.+7777777

+.+7

+.+1********

+

Re"ativeFre


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53/73

/ost per bag /ost per child

@1+ @-1

/ustomer group N of adults N of bags N of children

-8 -

*7 - +

*7- - +

*71 - -

*-1 -

** +*1*1 * 1

-818 - +

***

**- - * +

-8+- - -

*** - +

-- - * +

*+ +

ro-"em (: Aach of rows -O-1 contains data on a customer group:number of bags, and the number of children. /ells /+ and $+ listper child, and the range A+O3 lists the cost per adult for each pcopyable formula in cell A- that can be used to Lll the entire rangecost for each customer group on each possible Pight date.


54/73

&roblem 1 &oints 'core

1

/ost per adult on each date

@18 @7 @1*8 @-9 @1*9 @+

1QQ-+* 1Q-Q-+* 1Q*Q-+* 1QQ-+* 1Q1Q-+* 1Q7Q-+*

%$,2)$ %$,.&& %$,+*$ %$,$'2 %$,+*2 %$,$2=

%)$' %(&) %)2' %(.= %)2= %(*&

%$,.2) %$,$(. %$,.&) %$,*(' %$,.&' %$,*$+

%$,+') %$,+*. %$,(.) %$,2*' %$,(.' %$,.)+

%$,2)$ %$,.&& %$,+*$ %$,$'2 %$,+*2 %$,$2=

%()' %(.) %('' %+&= %('= %+(&%$,=.= %$,'*2 %$,='= %$,)). %$,==. %$,(=)

%)$' %(&) %)2' %(.= %)2= %(*&

%)=2 %)($ %&$2 %)*+ %&$+ %('.

%$,$') %$,$*. %$,..) %$,**' %$,..' %=)+

%$,.)$ %$,$&& %$,2*$ %$,*'2 %$,2*2 %$,*2=

%)$' %(&) %)2' %(.= %)2= %(*&

%$,$') %$,$*. %$,..) %$,**' %$,..' %=)+

%()' %(.) %('' %+&= %('= %+(&

the number of adults, thehe cost per bag and the costssible Pight date. Anter aA-:3-1 to calculate the total


55/73

/omments

@11+ @9 @1 @79 @*- @1* @1*7

1QQ-+* 1Q8Q-+* 1Q9Q-+* 1Q+Q-+* 1QQ-+* 1Q-Q-+* 1Q*Q-+*

%$,+.( %$,2$2 %$,+$= %$,.)2 %$,$'= %$,2== %$,2=&

%)(* %(=+ %)+& %()= %(2. %)2& %)2)

%$,2** %$,$'' %$,.=+ %$,$2' %$,*)+ %$,.&+ %$,.&.

%$,((* %$,+2' %$,(++ %$,2'' %$,2$+ %$,(.+ %$,(..

%$,+.( %$,2$2 %$,+$= %$,.)2 %$,$'= %$,2== %$,2=&

%)** %(++ %(=& %($= %+'. %('& %(')%.,*.( %$,'(& %.,*$) %$,&'. %$,)&$ %$,=') %$,='2

%)(* %(=+ %)+& %()= %(2. %)2& %)2)

%&.( %))= %&.. %)++ %)*& %&$. %&$$

%$,.(* %$,$2' %$,.++ %$,*'' %$,*$+ %$,..+ %$,...

%$,2.( %$,.$2 %$,2$= %$,$)2 %$,*'= %$,.== %$,.=&

%)(* %(=+ %)+& %()= %(2. %)2& %)2)

%$,.(* %$,$2' %$,.++ %$,*'' %$,*$+ %$,..+ %$,...

%)** %(++ %(=& %($= %+'. %('& %(')


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@1 @1++ @1*8 @8- @97 @1 @*

1QQ-+* 1Q1Q-+* 1Q7Q-+* 1QQ-+* 1Q8Q-+* 1Q9Q-+* 1Q-+Q-+*

%$,2(= %$,2.( %$,+*$ %$,.'= %$,2$& %$,2(= %$,$($

%)$& %)** %)2' %('. %(=) %)$& %($2

%$,.2+ %$,.** %$,.&) %$,$)+ %$,$=. %$,.2+ %$,*.)

%$,+'+ %$,+(* %$,(.) %$,+$+ %$,++. %$,+'+ %$,.&)

%$,2(= %$,2.( %$,+*$ %$,.'= %$,2$& %$,2(= %$,$($

%()& %((* %('' %(2. %(+) %()& %+)2%$,=.) %$,'&( %$,='= %$,'.$ %$,')2 %$,=.) %$,)$+

%)$& %)** %)2' %('. %(=) %)$& %($2

%)=. %)&( %&$2 %)(& %)&$ %)=. %(''

%$,$'+ %$,$(* %$,..) %$,$$+ %$,$+. %$,$'+ %=&)

%$,.(= %$,..( %$,2*$ %$,$'= %$,.$& %$,.(= %$,*($

%)$& %)** %)2' %('. %(=) %)$& %($2

%$,$'+ %$,$(* %$,..) %$,$$+ %$,$+. %$,$'+ %=&)

%()& %((* %('' %(2. %(+) %()& %+)2


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@1+* @1 @+8 @9- @+9 @8 @97

1Q-Q-+* 1Q--Q-+* 1Q-*Q-+* 1Q-Q-+* 1Q-1Q-+* 1Q-7Q-+* 1Q-Q-+*

%$,22$ %$,2(= %$,$+$ %$,2*= %$,$+2 %$,$)$ %$,2$&

%)*2 %)$& %(*' %(=. %(*= %($' %(=)

%$,.*) %$,.2+ %$,*$) %$,$'+ %$,*$' %$,*2) %$,$=.

%$,+() %$,+'+ %$,.)) %$,+2+ %$,.)' %$,.') %$,++.

%$,22$ %$,2(= %$,$+$ %$,2*= %$,$+2 %$,$)$ %$,2$&

%((2 %()& %+(' %(+. %+(= %+)' %(+)%$,''+ %$,=.) %$,(== %$,'($ %$,)*. %$,).= %$,')2

%)*2 %)$& %(*' %(=. %(*= %($' %(=)

%)&' %)=. %('2 %))& %('+ %(=2 %)&$

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%)*2 %)$& %(*' %(=. %(*= %($' %(=)

%$,$() %$,$'+ %=)) %$,$2+ %=)' %=') %$,$+.

%((2 %()& %+(' %(+. %+(= %+)' %(+)


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@1 @11+ @8 @78

1Q-8Q-+* 1Q-9Q-+* 1Q*+Q-+* 1Q*Q-+*

%$,2(= %$,+.( %$,.'$ %$,.)$

%)$& %)(* %(&' %()'

%$,.2+ %$,2** %$,$() %$,$2)

%$,+'+ %$,((* %$,+*) %$,2')

%$,2(= %$,+.( %$,.'$ %$,.)$

%()& %)** %(.' %($'%$,=.) %.,*.( %$,'*= %$,&&=

%)$& %)(* %(&' %()'

%)=. %&.( %)(2 %)+2

%$,$'+ %$,.(* %$,$*) %$,*')

%$,.(= %$,2.( %$,$'$ %$,$)$

%)$& %)(* %(&' %()'

%$,$'+ %$,.(* %$,$*) %$,*')

%()& %)** %(.' %($'


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+.+-1The Ioint probability that a rando

+.*The marginal probability that a ra

+.-77-9+*-* The conditional probability that a

/ount O &ayment Type Time

Cegion fternoon Avening 6orning Tota" Res1"t6idWest 7.1+R .1R 7.1+R $&>&(?

BorthAast -.++R 8.1+R 8.-1R .'>&(?'outh 9.1R 7.1R 7.1R .2>.(?West +.-1R +.1+R 9.1+R 2*>.(?

Tota" Res1"t 2'>(*? 2*>(*? 2$>**? $**>**?

ro-"em ): The data set on the $ata sheet lists information about ++ custfrom this data set. /lick on the table to create a pivot table that shows theDse this table to Lnd the three probabilities shown below. To get each probare!uested value and then co!9 t@e a!!ro!riate !ivot ta-"e ce"" an0 !a

/ell 8: The Ioint probability that a randomly selected transaction will be i/ell 9: The marginal probability that a randomly selected transaction will/ell -+: The conditional probability that a transaction carried out in the no


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ly selected transaction will be in the West in the afternoon.

ndomly selected transaction will be in the morning.

transaction carried out in the northeast will be done in the morning.

&roblem 7 &oints 'core

omer transactions. pivot table has been created belowumber of transactions done by region and time of day.bility, manipulate the pivot table so that you can see thete it s!ecia" as a va"1e to t@e s!ecie0 ce"" -e"o .

the West in the afternoon. be in the morning.

rtheast will be done in the morning.


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/omments


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Date Da9 Time Region a9ment T9!e /en0er Tota" Cost

7O6ar Tue 6orning West "isa


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-+O6ar Tue fternoon 'outh 6astercard


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*Opr Tue Avening West /ash 6ale @*8.+

Opr Wed 6orning BorthAast "isa 6ale @++.+-

Opr Wed 6orning West 6astercard


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Opr Tue fternoon BorthAast "isa


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-O6ay Wed Avening West "isa


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1O6ay Tue fternoon BorthAast "isa 6ale @.9

1O6ay Tue Avening 6idWest 6astercard


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*+O6ay Wed Avening 'outh "isa


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OFun Thu Avening West /ash 6ale @--.1

1OFun


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-1OFun 6on fternoon BorthAast "isa


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Corre"ation Matri

3nvestment 3nvestment - 3nvestment *

3nvestment

3nvestment - O+.9

3nvestment * +.-9 +.+

3nvestment O+.*8 +.- O+.*+

To investments -est Bor @e0ging

3nvestment and 3nvestment

&roblem &oints 'core /omments

+

ro-"em &: 2edging is a techni!ue that can used to reduce investment risk. 3correlation between the returns of two investments. The larger the magnitude will work.

. ased on the returns of four investments in the data set shown here, calccells of the matrix below.


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Ann1a" ret1rns oB Bo1r i

3nvestment >ear 3nvestment

-+ O.*R

-++ +.-+R

-++9 .8*R

-++8 .97R

-++ O8.9R-++7 +.+R

-++1 O-.1R

-++ O+.*R

-++* O9.-7R

-++- O7.*9R

-++ O7.9R

-+++ O*.77R

999 O-.*R

998 .98R

99 7.R

997 -.89R

991 .-8R

t works when there is a negative of the correlation, the better hedging

late the correlations in the shadedtween the returns for investments

; Anter their two indexes in cells /-


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vestments

3nvestment - 3nvestment * 3nvestment

O8.9R O.7R O+.1R

O+.79R O+.1+R -.17R

-.7R 7.+R O1.88R

O-.77R *.+8R O*.*R

7.R O.+-R *.8RO1.R .-9R O.R

O8.*-R O9.**R O8.8*R

7.R O1.*R O.88R

9.1R O1.-R O*.*R

O-.--R *.79R O.**R

1.1R 9.R 1.-R

9.8R O.*R .1*R

7.88R *.1R 7.8R

.8+R O8.+R O.+R

+.R 8.R O8.+R

O8.1R .*1R O.7*R

O+.11R O9.91R O-.-R

Exam 1 - Problems

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