Day: April 26, 2018

MAT540 Homework Week 2 Page 1 of 3 MAT540 Week 2 Homework Chapter 12 1. A local real estate investor in Orlando is considering three alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists; profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment: Gasoline Availability Investment Shortage Stable Supply Surplus Motel $-8,000 $15,000 $20,000 Restaurant 2,000 8,000 6,000 Theater 6,000 6,000 5,000 Determine the best investment, using the following decision criteria. a. Maximax b. Maximin c. Minimax regret d. Hurwicz (α = 0.4) e. Equal likelihood 2. A concessions manager at the Tech versus A&M football game must decide whether to have the vendors sell sun visors or umbrellas. There is a 30% chance of rain, a 15% chance of overcast skies, and a 55% chance of sunshine, according to the weather forecast in College Junction, where the game is to be held. The manager estimates that the following profits will result from each decision, given each set of weather conditions: Weather Conditions Decision Rain Overcast Sunshine .30 .15 .55 Sun visors $-500 $-200 $1,500 Umbrellas 2,000 0 -900 a. Compute the expected value for each decision and select the best one. b. Develop the opportunity loss table and compute the expected opportunity loss for each decision. 3. Place-Plus, a real estate development firm, is considering several alternative development projects. These include building and leasing an office park, purchasing a parcel of land and building an office building to rent, buying and leasing a warehouse, building a strip mall, and building and selling MAT540 Homework Week 2 Page 2 of 3 condominiums. The financial success of these projects depends on interest rate movement in the next 5 years. The various development projects and their 5-year financial return (in $1,000,000s) given that interest rates will decline, remain stable, or increase, are shown in the following payoff table. Place-Plus real estate development firm has hired an economist to assign a probability to each direction interest rates may take over the next 5 years. The economist has determined that there is a .50 probability that interest rates will decline, a .40 probability that rates will remain stable, and a .10 probability that rates will increase. a. Using expected value, determine the best project. b. Determine the expected value of perfect information. Interest Rate Project Decline Stable Increase Office park $0.5 $1.7 $4.5 Office building 1.5 1.9 2.5 Warehouse 1.7 1.4 1.0 Mall 0.7 2.4 3.6 Condominiums 3.2 1.5 0.6 4. The director of career advising at Orange Community College wants to use decision analysis to provide information to help students decide which 2-year degree program they should pursue. The director has set up the following payoff table for six of the most popular and successful degree programs at OCC that shows the estimated 5-year gross income ($) from each degree for four future economic conditions: Degree Program Recession Average Good Robust Graphic design 145,000 175,000 220,000 260,000 Nursing 150,000 180,000 205,000 215,000 Real estate 115,000 165,000 220,000 320,000 Medical technology 130,000 180,000 210,000 280,000 Culinary technology 115,000 145,000 235,000 305,000 Computer information technology 125,000 150,000 190,000 250,000 Determine the best degree program in terms of projected income, using the following decision criteria: a. Maximax b. Maximin c. Equal likelihood MAT540 Homework Week 2 Page 3 of 3 d. Hurwicz (α = 0.50) 5. Construct a decision tree for the following decision situation and indicate the best decision. Fenton and Farrah Friendly, husband-and-wife car dealers, are soon going to open a new dealership. They have three offers: from a foreign compact car company, from a U.S. producer of full-sized cars, and from a truck company. The success of each type of dealership will depend on how much gasoline is going to be available during the next few years. The profit from each type of dealership, given the availability of gas, is shown in the following payoff table: Gasoline Availability Dealership Shortage Surplus .6 .4 Compact cars $ 300,000 $150,000 Full-sized cars -100,000 600,000 Trucks 120,000 170,000 Decision Tree

PROFESSIONAL PRESENCE & INFLUENCE

Competency 7001.1.1: Self-Awareness & Mindful Presence – The graduate utilizes personality tools to identify his/her own personality type and incorporate self-awareness practices to increase mindful presence into his/her own life, practice of health care, and interactions with patients and colleagues. Competency 7001.1.2: Leadership through Influence: Influencing the Transformation of Health Care – The graduate uses principles of self-knowledge, active listening, authentic leadership, and mentoring in transforming and creating a healing environment.

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Introduction:

For this assessment, you will navigate areas of focus that include professional presence, mindfulness practice, and healing environments. These areas of focus will help you to create a professional presence plan that has both personal and professional application. You will be analyzing your inner world (thoughts, beliefs, and values) and your outer world (activities, relationships, and experiences). Each section of this assessment will gauge how you use and interact with those two worlds. To aid you in understanding your inner and outer worlds, you will take the Keirsey Temperament Sorter-II, an online personality test. With the test’s results, you will better understand your strengths and weaknesses and how you can be an effective individual and leader. Authentic leadership requires as much care and understanding for yourself as for those you will serve and lead. Your professional presence plan will integrate your insights, goals, and beliefs into a coherent whole.

Requirements:

Note: Your submission may take the form of an essay, multimedia presentation, etc. Be sure to cover each prompt in sufficient detail and support no matter what form you use.

A. Professional Presence

1. Discuss the differences between two models of health and healing (e.g., physical body, body-mind, body-mind-spirit/bio-psycho-social,) as they relate to what it means to be human.

2. Analyze differences between one of the models discussed in part A1 and your professional presence (i.e., current beliefs, attitudes, and actions regarding health and healing).

3. Discuss how your professional presence (mindful or distracted) influences your nursing practice.

B. Personality Preferences

1. Submit your results from the Keirsey Temperament personality test.

Note: You should only submit the Temperament Mini Report provided by Keirsey.com. You can submit a screen shot or copy and paste the results into a document for submission.

2. Analyze your test results, including areas that may or may not align with how you view yourself.

a. Evaluate how the preferences identified by the test align with your relationships, favorite activities, and career choices.

b. Discuss two potential challenges or barriers (e.g., barriers in communication, decision-making) that could be minimized by your enhanced self-awareness when working with opposite personality types.

C. Mindfulness Practice

1. Develop a mindfulness practice plan consistent with your interests, goals, and beliefs by doing the following:

a. Create two specific goals for each of the four Aspects of your whole person (physical, vital/rhythmic, mental/emotional, and biographical/spiritual body) to maintain balance.

b. Discuss how you will achieve each of the goals created in part C1a, including how you will adjust to the changing of your whole person.

D. Healing Environments

1. Analyze two optimal healing environments in healthcare to identify the common elements of internal, interpersonal, behavioral, and external environments.

2. Discuss how you intend to apply self-awareness and insights gained from part D1 to promote professional presence in your current healthcare setting.

E. When you use sources, include all in-text citations and references in APA format.

Note: For definitions of terms commonly used in the rubric, see the Rubric Terms web link included in the Evaluation Procedures section.

Note: When using sources to support ideas and elements in a performance assessment, the submission MUST include APA formatted in-text citations with a corresponding reference list for any direct quotes or paraphrasing. It is not necessary to list sources that were consulted if they have not been quoted or paraphrased in the text of the performance assessment.

Note: No more than a combined total of 30% of a submission can be directly quoted or closely paraphrased from outside sources, even if cited correctly. For tips on using APA style, please refer to the APA Handout web link included in the APA Guidelines section.

research different points of view about STUDENT DEBT respond to the five questions below. Each of your responses should be approximately two paragraphs in length. This assignment will be graded using the Week 1 Assignment Rubric available in Doc Sharing.

1. What is your possible topic? Brainstorm five questions about it. In this section pick a topic from the above list and then brainstorm five questions you have about it. If you feel disconnected from the topics on the list, choose one of your own, but make sure it is not an “overused topic,” such as abortion, gun control, capital punishment or legalization of marijuana. That is unless you have personal experience with the topic and can offer a unique perspective. Also, beware of current issues that might not be well-researched yet; you may not find enough sources at this time. Your purpose for brainstorming five questions is to narrow the topic to a manageable scope. Who knows, one of the questions may eventually become your research question, the question that directs your entire paper. Need help getting started? See the list of questions below that are related to the following topics: perils of social networking, concussion and athletes, and grade inflation. (The examples below do not include five questions; but yours should.)

Examples: • Perils of social networking: How does social networking affect our social lives and our outlook on the world? Does it make us more socially isolated? What dangers are involved in meeting people online? Should my children be on social network sites, and at what age might it be okay for children to be on social networking sites? • Concussions and Athletes: How do head injuries affect athletes over the long term, especially when repeated head injuries? What are the medical data and statistics? My kid plays football; what are the statistics on injuries to teenagers, and thus, should my child play football? • Grade Inflation: How should the world of higher education my world—copes with problems of grade inflation? Should students complain about grade inflation knowing that it might affect the rigor of the course?

[Click here: Type your response] 2. How is the topic important to you and how does it affect you? What do you personally hope to gain or accomplish by writing about this topic? In this section, describe your topic and how it first affected you. Explain why it is important to you. Reflect on how or why your background, motivations, needs, or interests sparked you to choose this topic. The best topics are those that are important to and involve you.

[Click here: Type your response]

3. Research your topic and provide a brief summary of the current points of view about the topic. Share at least two different/opposing positions on the topic. While this section asks for summaries of two others’ positions, write each summary in your own words. Each should be a paragraph in length. To conduct research on your topic, find at least two credible sources that offer opposing perspectives and summarize those points of view in a paragraph. Additionally, although we will be learning more about APA documentation style next week, use Citation Machine, the DeVry APA Handbook, APA tutorials in the syllabus, and/or Chapter 26 in your textbook to provide full APA references for both sources. (Note: The “click here” for your references is formatted as hanging indent.)

[Click here: Type your two paragraph response]

[Click here: Type your references]

4. Describe whom you might choose as your audience. Who are your readers, and what are their needs, motivations, and influences? In what ways will you need to structure your writing to appeal to them? Think about who will need/want to read your paper. What do you need to consider about those readers? Will they be open-minded or antagonistic? Are you outside your group of readers, which means that you need to choose a formal voice and use “they,” or are you part of your group of readers, which means that you can use a more conversational voice and use “we”? Analyze the groups and individuals who are reading and writing on your chosen topic. Work to define who they are and how their backgrounds will dictate your writing approach.

[Click here: Type your response]

5. What specific issue will you write about within the larger topic, and what unique angle will you provide? In this section, decide upon and explain which “side” of the argument you are on and what your thesis statement will be. To do that, you should attempt to come up with a question about the topic that you will answer in your paper. Your answer becomes your working thesis statement. For example, you might write the following: “With the growing instances of road rage across the nation, it might be argued that drivers who do not abide by the rules of the road are the cause of road rage (e.g., not using a turn signal when changing lanes; travelling slowly in the left lane when others are trying to pass; not turning into the same lane when turning a corner). If drivers who do not follow the laws are the problem, then shouldn’t states require extensive driver’s education of all new drivers?” Note that this question can be answered either yes or no. Additionally, the question asks, “Should….” Your question should begin with “should,” “must,” or “do we need to” because your thesis will be a persuasive, “should,” “need to,” or “must” statement.

Locate and review an article related to topics covered in this unit (e.g., ergonomics, health and temperature extremes, personal protective equipment and/or clothing, etc.). The article you select must be at least two pages long and no more than five years old. Write a summary of the article. Include the purpose for the article, how research was conducted (if any), the results, and other pertinent information. How does the article relate to what you are learning in this course? Discuss the meaning or implications of the article’s contents, as well as any flaws you find in the article. What could have made the article better? Was any information left out? How could the author expand on the results? Does the article’s information relate to your professional or personal life? How? Your review must be at least two pages long, not counting cover page and reference page. Use proper APA formatting for all sources The article you select must be at least two pages long and no more than five years old. Write a summary of the article. Include the purpose for the article, how research was conducted (if any), the results, and other pertinent information. How does the article relate to what you are learning in this course? Discuss the meaning or implications of the article’s contents, as well as any flaws you find in the article. What could have made the article better? Was any information left out? How could the author expand on the results? Does the article’s information relate to your professional or personal life? How? Your review must be at least two pages long, not counting cover page and reference page. Use proper APA formatting for all sources

The Fast Shop Market has a single checkout counter and one employee to serve customers. An average of 24 customers arrives each hour with a Poisson distribution (and therefore, exponentially distributed interarrival times). Customer checkout times are exponentially distributed with a mean of 2 minutes. Customers are checked out according to their order line.

a) Calculate the average length of the checkout line and the average time (minutes) that customers spend waiting in line prior to checkout.

b) The owner of Fast Shop is considering adding a “bagger” to speed up the checkout process. Experiments show that 40 customers can be served per hour with a bagger (exponentially distributed). Recalculate the average length of the checkout line and the average time (minutes) that customers spend waiting in queue for service.

c) The bagger will cost the store employee $300 per week. The national office has done research that indicates that for each additional minute the average customer waits in line costs a Fast Shop store $150 per week in lost sales. Is the bagger worth her/his wages?

d) Suppose that Fast Shop finds that in addition to reducing mean processing times, the use of a bagger also reduces the standard deviation of checkout times by 50%. By what percent will customer in-line waiting times be reduced?

Select a company with which you are familiar, preferably one where you have been employed, and consider a process within that company that could be improved. This could be a business process, a manufacturing process, or a service process that you have observed or been involved with. One option would be to further develop your answer to the Process Improvement discussion question from Week 1. Using library research, prepare a recommended process improvement proposal that incorporates tools and methods learned in this course. Some examples of tools and methods that could be implemented include, but are not limited to, JIT, objective and/or subjective forecasting methods, ABC classification, or project management tools. Your paper should include: A brief description of the company and how the selected process fits into the overall framework of the company. A step by step description of the process. This can follow a similar format to the IBM Credit process description in Section 1.5 of the textbook, though yours may be longer or more detailed depending on the process selected. An analysis of the current process, identifying inefficiencies. A detailed plan for reengineering the process to be more efficient, using appropriate tools and methods learned throughout the course, including a specific description of how the tools and methods will be applied. An identification of possible roadblocks in implementing the process changes. Expected benefits of the improved process. 8 double spaced pages.

Discuss separately why race, gender, age, and education are such significant components in politics. Provide examples from the book to justify your discussion.

2. Discuss the following interest groups: economic, ideological, public (not to be confused with public sector interest groups), and foreign policy. Be sure to provide examples of each type in your discussion along with your elaboration as to why interest groups can be both good and bad.

3. How do lobbyists wield their influence in politics? Broadly speaking, who are lobbyists and what do they do?

4. According to the textbook, how have political action committees invested their money?

5. For this very broad question, which is based on the entirety of chapter 7, you need to explain what parties do for democracy; provide a brief history of American political parties; describe the ways that the political parties are financed; and defend your answer of yes or no to whether the political parties are dying today.

6. A) The textbook says that all governments in all nations must be concerned with public opinion. Why? In your answer, be sure to define public opinion ; describe the tools, techniques, or methods typically used to assess public opinion.

7. How do American get their political opinions and values? Note that political socialization is only part of this answer, as the question is derived from 4 pages of your textbook.

8. The textbook gives you 3 stages each stage with its own components that a candidate goes through when running for president. Discuss each one thoroughly. Note that any answer fewer than 375 words or 2,200 characters will unlikely receive credit.

9. How is it suggested in the textbook that we improve elections ?

10. Discuss how the media influence politics and what the textbook authors mean by mediated politics ? Note that this is a very broad chapter question.

Night Tran Construction Company

Night Tran Construction Company specializes in building small power plants, mostly for utility companies. The company was awarded a contract approximately two years ago to build such a power plant. The contract stated a project duration of three years, after which, a 1 percent penalty would be invoked for each additional month of construction. Project records indicate the utility plan is only 50 percent completed and is encountering continuing problems. The owner of Night Tran Company, concerned over the potential losses, investigated the project and found the following: There was an excessive number of engineering design changes; there was a high work rejection rate; and the project was generally understaffed. As a result, she directed the project manager to develop a better system of project control and present this method to the board members in one week.

Questions: If you were the project manager, what characteristics would you be looking for in the new control system? Will a new control system be adequate for the problem? Will it control scope creep? Explain.

The J.C. Adams Co., a mail-order firm that deals in small gifts, charges a flat rate for postage regardless of the weights of the packages. The flat postage charge is the current postage rate per ounce times 16.90. The company management assumes that in the long run the firm will break even on postage costs. The accounting department disputes the fixed postage charge and suggests that it should be changed. Management, however, wishes to be at least 95% certain that a policy change is justified since it may incur postage losses or be unattractive to potential customers. Further, management wishes to be 99% certain that if a policy change is made, the change will not incur losses due to insufficient postage charges to customers. Management decides to take a random sample of the weights of 100 packages mailed this month and base the decision on the sample results. The sample indicates a mean weight of 17.8 ounces and a standard deviation of 3.2 ounces.
a. Determine the action to be taken by J. C. Adams Company, if any, and explain your conclusion.