The following information has been gathered on the costs and effectiveness ofthe two treatments, A and B. In this problem, costs and consequences are notdiscounted.Treatment ATreatment BMortality rateLife expectancy for survivorsInitial treatment cost2%5%20 years$10,000$5,000Annual follow up costs, all $1,00010 years$3,000$1.000Follow up costs, year 1$500subsequent yearsa. What is the total cost for the survivors receiving treatment A?

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A grocery store is reevaluating the retail price of their oranges. They have a contract where they can purchase oranges for $0.52 per pound. However, this includes high quality oranges (about 40% of the time), low quality oranges (55%), and occasionally rotten fruit (5%). Suppose they sell 80% of all high quality oranges at $1.99 per pound, 65% of all low quality oranges at $1.49 per pound (they offer a sale), and they cannot sell any of the rotten fruit. What is the store's expected profit from a random shipment of 500 pounds of oranges? We do not consider personnel and other overhead costs, only the wholesale cost of the oranges. (Give your answer as a number, no dollar sign included.)
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Tim Smunt has been asked to evaluate two machines. After some investigation, he determines that they have the costs shown in the following table: He is told to assume that: 1. The life of each machine is 3 years. Machine A Machine B Original Cost Labor per year $15,000 $20,000 $2,200 $4,000 Maintenance per year Salvage value $4,600 $1,000 $2,400 $7,500 2. The company thinks it knows how to make 8% on investments no more risky than this one. 3. Labor and maintenance are paid at the end of the year. • The NPV for Machine A: The NPV for Machine B: Using the net present value as the basis of comparing the machines, Tim should recommend:
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The table to the right gives the average sales tax rate (state plus local) in six east coast states and six western states. Complete parts (a) through (e) below. East coast states West coast states A 6.50% U 8.50% B 6.25% V 1.69% C 5.00% W 0.00% D 0.00% X 8.89% E 9.49% Y 8.50% F 8.00% Z 6.95% a. Find the mean, median, and range for each of the two data sets. The mean for the east coast states is . (Type an integer or decimal rounded to three decimal places as needed.)

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