Show that if M i = M and mi = m for all i, and if the
Question:
Show that if Mi = M and mi = m for all i, and if the cost function is C = c1n + c2nm, then
minimizes the variance for fixed total cost C. Show the result with MSW and
MSB first, then use Exercise 24(b).
Transcribed Image Text:
cIM(MSW) 2(MSB-MSW 2(NM DR
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
The cost constraint implies that n C c1 c 2 m s...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
Show that if Mi = M and mi = m for all i, and if the cost function is C = c1n + c2nm, then minimizes the variance for fixed total cost C. Show the result with MSW and MSB first, then use Exercise...
-
If the production function of a competitive firm is homothetic, then the cost function is separable, that is, C(w,y) = (y)c(w,1)
-
Suppose in a two-stage cluster sample that all population cluster sizes are equal (Mi = M for all i), and that all sample sizes for the clusters are equal (mi = m for all i). a. Show that unb = r ,...
-
Since the early 2000s, there has been a significant increase in the price of corn-based ethanol. a. A key input in the production of corn-based ethanol is corn. Use an appropriate diagram to explain...
-
Why is sales mix important to multiproduct CVP analysis? Explain how sales mix is factored into CVP analysis.
-
You are the project engineer on a program similar to one that you directed previously. Should you attempt to obtain the same administrative and/or technical staff that you had before?
-
Why is the 100X Software Rule important concerning latent defects?
-
Birkenstock is considering an investment in a nylon-knitting machine. The machine requires an initial investment of $25,000, has a 5-year life, and has no residual value at the end of the 5 years....
-
Why is a good succession management plan important in today's workplace?
-
A Global private bank is aggressively looking to leverage technology to improve customer experience and reduce operational costs. Over the last few years, it has tied up with at least five startups...
-
For the situation in Exercise 25, let msto represent the mean square total from the sample ANOVA table. a. Write msto as a function of msb and msw, and use the results of Exercise 25(c) to find...
-
In Example 5.12, a systematic sampling scheme was proposed for detecting hazardous wastes in landfills. How far apart should sampling points be placed? Suppose that if there is leakage, it will...
-
According to this chapter, have banks been able to insulate themselves against interest rate movements? Explain.
-
Take F 320 N and d = 1.0 m. (Figure 1) = Part A Figure 1.5 m B 2 m D 1 of 1 Determine the force in cable AC needed to hold the 19-kg ball D in equlibrium. Express your answer to two significant...
-
2 1. An ice-making machine operates on the ideal refrigeration vapor-compression cycle, using refrigerant-134a as the working fluid. The power input to the ice machine is to be determined. TA 3 600...
-
3. Determine the density, specific weight, and specific gravity of methane gas at a pressure of 101.3 kPa absolute and 288 K.
-
Calculate the WACC for a firm with a debt-equity ratio of 1.5. The debt pays 8 percent interest and the company has a 35 percent tax rate. Government t-bills are currently returning 1.5% and the...
-
xyz inc. currently has 5 million shares outstanding at a market price of 13 per share . xyz inc declares a 1 for 4 stock dividend. how many shares will be outstanding after the dividend is paid?...
-
It is estimated that x months from now, the population of a certain town will be changing at the rate of P'(x) = 2 + 1.5x people per month. The current population is 5,000. a. Find a function P(x)...
-
List four items of financial information you consider to be important to a manager of a business that has been operating for a year.
-
Determine the probabilities for the following normal distribution problems. a. = 604, = 56.8, x 635 b. = 48, = 12, x < 20 c. = 111, = 33.8, 100 x < 150 d. = 264, = 10.9, 250 < x < 255 e. =...
-
Tompkins Associates reports that the mean clear height for a Class A warehouse in the United States is 22 feet. Suppose clear heights are normally distributed and that the standard deviation is 4...
-
According to a report by Scarborough Research, the average monthly household cellular phone bill is $60. Suppose local monthly household cell phone bills are normally distributed with a standard...
-
Provide a numerical example to illustrate how carry trade works?
-
If there are 3 6 0 million people living in the U . S , and 2 7 0 million are eligible workers while 1 5 0 million are in the labor force with 3 . 6 % unemployed, what is the number of unemployed...
-
Refer to the information provided in Figure 8.8 bele to answer the questis that MC Coper 12 ATC P-MR 200 700 1000 1400 Bushels of soybeans 283 Figure 8.8 26) Refer to Figure 8.8. This farmer's...
Study smarter with the SolutionInn App