Q: Suppose that the actual demand for regular apartments at the $500,000 profit margin, DR, is such that the Stargrove realized a profit of $500,000 from selling regular apartments to the real estate investment company at the salvage profit margin of $100,000 per apartment. How much profit, in $ millions, did the Stargrove earn from the sales of the remaining…


Suppose that we have set up a simulation with n=4 simulation runs that generated the following random instances for the demand for regular apartments, DR: 88, 91, 97, and 103. Calculate the four corresponding values of the profit from the sales of regular apartments (i.e., the sum of profits at both the high profit margin of $500,000 and the low profit margin of $100,000) and use Excel to generate the descriptive statistics for this sample of four profit values. What is the sample mean, in millions of $, of these four profit values? Choose the closest from the answers below.
Q: Suppose that we have set up a simulation with n=4 simulation runs that generated the following random instances for the demand for regular apartments, DR: 88, 91, 97, and 103. Calculate the four corresponding values of the profit from the sales of regular apartments (i.e., the sum of profits at both the high profit margin of $500,000 and the…

Suppose that the same simulation as in Q5 generated the following random instances for the demand for luxury apartments, DL: 5, 7, 12, and 13. Calculate the four corresponding values of the profit from the sales of luxury apartments (i.e., the sum of profits at both the high profit margin of $900,000 and the low profit margin of $150,000) and use Excel to generate the descriptive statistics for this sample of four profit values. What is the sample standard deviation, in millions of $, of these four profit values? Choose the closest from the answers below.
Q: Suppose that the same simulation as in Q5 generated the following random instances for the demand for luxury apartments, DL: 5, 7, 12, and 13. Calculate the four corresponding values of the profit from the sales of luxury apartments (i.e., the sum of profits at both the high profit margin of $900,000 and the low profit margin of $150,000)…

Use Excel to generate descriptive statistics for the four profit values in Q7 and calculate the 95% confidence interval for the true expected value of the total profit. If this interval has the form [$X, $Y], what is the value of X, expressed in millions? Choose the closest from the answers below.
Q: Use Excel to generate descriptive statistics for the four profit values in Q7 and calculate the 95% confidence interval for the true expected value of the total profit. If this interval has the form [$X, $Y], what is the value of X, expressed in millions? Choose the closest from the answers below. or Q: Compute the 95% confidence interval…

Consider the decision to build R=88 regular and L=16 luxury apartments. Using the four random instances of the demand for regular apartments from Q5 and four random instances of the demand for luxury apartments from Q6, calculate the four corresponding total profit values obtained from sales of both regular and luxury apartments under this decision. Based on this four values, estimate the likelihood of the total profit to be above $52 million. Choose the closest from the answers below.
Q: Consider the decision to build R=88 regular and L=16 luxury apartments. Using the four random instances of the demand for regular apartments from Q5 and four random instances of the demand for luxury apartments from Q6, calculate the four corresponding total profit values obtained from sales of both regular and luxury apartments under this decision. Based on this four…

Use Excel to generate descriptive statistics for the four profit values in Q9 and calculate the 95% confidence interval for the true expected value of the total profit. If this interval has the form [$N, $M], what is the value of MN, i.e., what is width of the 95% confidence interval for the expected value of the total profit? Express the value in millions and choose the closest from the answers below.
Q: Use Excel to generate descriptive statistics for the four profit values in Q9 and calculate the 95% confidence interval for the true expected value of the total profit. If this interval has the form [$N, $M], what is the value of MN, i.e., what is width of the 95% confidence interval for the expected value of the total profit?…

A sports team named Philadelphia Streets has a probability of (2/3) for winning each game against their division rivals Hockeytown. They play 12 games against each other during the season. Assume that the outcome of any particular game is independent from an outcome of any other game. Let X be the random variable that stands for the number of wins that Philadelphia Streets will have in those 12 games. What is the expected value of X?
Q: A sports team named Philadelphia Streets has a probability of (2/3) for winning each game against their division rivals Hockeytown. They play 12 games against each other during the season. Assume that the outcome of any particular game is independent from an outcome of any other game. Let X be the random variable that stands for the number of…

The number of shares of a stock traded during a day for a firm is approximated by a random variable that is normally distributed with mean 3192 and standard deviation 1181. What is the probability that the number of shares traded is less than or equal to 4200?
Q: The number of shares of a stock traded during a day for a firm is approximated by a random variable that is normally distributed with mean 3192 and standard deviation 1181. What is the probability that the number of shares traded is less than or equal to 4200? or Q: A normally distributed random variable with a mean of…

The forecast monthly revenues for a firm are modeled using a random variable that is distributed according to a normal distribution with mean $850,000 and standard deviation $165,000. What is median value of this distribution, in $?
Q: The forecast monthly revenues for a firm are modeled using a random variable that is distributed according to a normal distribution with mean $850,000 and standard deviation $165,000. What is median value of this distribution, in $? or Q: A random variable distributed according to a normal distribution with a mean of $850,000 and a standard deviation of $165,000…

A financial advisor at a financial consulting firm spends time with his investing clients throughout the year. Based on the historical data, he finds that the consulting time T spent with a client can be modeled as a continuous, uniformly distributed random variable, with the minimum value of 50 minutes and the maximum value of 183 minutes. What is the probability that his consulting time with an investor client will not exceed 2 hours (i.e., 120 minutes)? Choose the closest answer.
Q: A financial advisor at a financial consulting firm spends time with his investing clients throughout the year. Based on the historical data, he finds that the consulting time T spent with a client can be modeled as a continuous, uniformly distributed random variable, with the minimum value of 50 minutes and the maximum value of 183 minutes. What is…