Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Can someone answer number 3 please. Skip the first question FOI' EHCh Of these scenarios. the XEU COS-t remains $150,000. USE Scenario Manager to generate

image text in transcribed

Can someone answer number 3 please. Skip the first question

image text in transcribed
FOI' EHCh Of these scenarios. the XEU COS-t remains $150,000. USE Scenario Manager to generate a summary report that gives the prot for each of these scenarios. Which scenario yields the highest profit? Which scenario yields the lowest prot? 2. Construct a spreadsheet simulation model to simulate 1.000 rolls of a die with the six sides numbered 1, 2. 3. 4, 5 and E. a. Construct a histogram of the 1,000 observed dice rolls. (10) b. For each roll of two dice. reoord the sum of the dice. Construct a histogram of the 1.000 observations of the sum of two dice. (10) c. For each roll of three dice. record the sum of the dice. Construct a histogram of the 1.000 observations of the sum of three dice. (10) d. For each roll of four dioe, record the sum of the dice. Construct a histogram of the 1.000 observations of the sum of four dice. (10} 3. You are considering the purchase of a new car and are weighing the choice between a Ford Fusion Hybrid sedan {which assists a gasoline engine with an electric motor powered via regenerative braking) and the Ford Fusion Non- Hybrid sedan (iust a standard gasoline engine). The non-hybrid version costs $23,000 with fuel economy of 20 miles per gallon in city driving and 30 miles per gallon in highway driving. The hybrid version of the car costs $25,000 with fuel economy of 42 miles per gallon in city driving and 40 miles per gallon in highway driving. You plan to keep the car for 10 years. Your annual mileage is uncertain; you only know that each year you will drive between 9,000 and 13,000 miles. Based on your past driving patterns. 50% of your miles are city driving and 40% of your miles are highway driving. Assume that the gas price remains constant at $2.19 per gallon throughout the 10 years. Is there a cost savings when purchasing the hybrid version? If so, how much on average? (20)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

4th Canadian edition

1118856996, 978-1118856994

Students also viewed these Mathematics questions

Question

6. Contrast and compare the RNR and GLM models of rehabilitation.

Answered: 1 week ago