Indiana University is deciding whether to renovate one of two dorms (they can only choose one of the dorms).  Both dorms provide 500 rooms for students. Which of the following is relevant to the decision: A Estimated cost of paint supplies  $500  $500 B Cost to remove toxic insulation from Dorm 1. Dorm 2 does not have this insulation.  $8,000  $  0   C Roofing materials  $1,000  $800 D Architect fees  $1,500  $1,500 E Labor costs  $10,000  $10,000 F Lost dorm rental fees if the dorm is shut down during renovation   $13,000  $15,000

  Bryan Inc. sells products for $90 each that have variable costs of $62 per unit. The company’s annual fixed cost is $590,800 Calculate the breakeven point in units. Round the final answer UP to the next unit if necessary.

In class we compared the total cost of living alone versus with 1 or 2 roommates.  Which of the following is a true statement about that comparison?

Bryan Inc. sells a product for $50 per unit. Variable costs are $30 per unit, and total fixed costs are $20,000. How many units must the company sell to earn a profit of $10,000?

What type of cost stays the same per unit, even when activity levels change?  

It is important for us to identify outliers for two (2) reasons.  Those reasons are: 1.  The observation, as recorded, may be:  2.  The observation, assuming it was recorded correctly, is: 

First-time patients at the local medical clinic are required to fill out a questionnaire that gives the health care team a general idea of each patient’s health. The first question is: “In general, what is the quality of your health?” The patient chooses Excellent, Good, Fair, or Poor. Over the past month, the responses to this question from first-time patients were:  Poor  Good  Poor  Fair  Good  Poor  Fair  Fair  Good  Good  Excellent  Good  Excellent  Poor  Fair  Poor  Good  Fair  Poor  Good  Poor  Excellent  Good  Excellent 1. Construct frequency and relative frequency distributions that summarize the responses to the questionnaire.(Round relative frequency values to 3 decimal places; you need not provide a preceding zero.) Rating Frequency Relative Frequency   Poor   Fair   Good   Excellent 2. What’s the most common response from a student?  Question: “How are you?”  Answer: “I’m  .” 3. Convert this data from qualitative/categorical to quantitative such that the weights for well-being rating are:Excellent = 4, Good = 3, Fair = 2, and Poor = 1. What is the numerical weighted average for the well-being rating for these first-time patients?  (Provide your answer to 3 decimal places.)           

It is important for us to identify outliers for two (2) reasons.  Those reasons are: 1.  The observation, as recorded, may be:  2.  The observation, assuming it was recorded correctly, is: