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Assignment Questions Q 1. Maria has a few chickens in her backyard to sell eggs that she doesn't eat. She spent AED 4700 to build
Assignment Questions Q 1. Maria has a few chickens in her backyard to sell eggs that she doesn't eat. She spent AED 4700 to build the shed for chicken. She invests another AED 200 in buying 400 high quality hens. She buys 150-pound sack of feed for AED 560 and water is essentially free. It takes the 400 hens a month to finish sack of feed and during that time she collects 840 eggs, which she sells for AED 15 per dozen. a) What is her break-even point in dozens? b) What is her profit the first month? c) How many months pass before she realizes a profit from this enterprise? Q 2. What are some issues with an analyst's use of mathematical models in an organization? Q 3. Once a quantitative solution has been found to a business problem, what are the considerations in implementing it? Q 4. Explain the quantitative analysis approach? Also discuss three categories of business analytics. Q 5. Explain the quantitative approach to decision making? Describe the 7 steps in the quantitative methods?
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