ANALYTIC SOLVER PLATFORM FOR EDUCATION PROFESSIONAL

Now suppose that Lynn contributes nothing to her retirement fund for eight years and then begins contributing $3,000 annuallly until age 60. How much of her salary would she have contributed to this retirement plan and how much money could she expect to have accumulated at age 60?ДЇ. Suppose Lynn contributes $3,000 annually to her retirement fund for eight years and then terminates her annual contributions. How much should Lynn invest each year if she wants there to be a 90% chance of having at least $1 million in her retirement fund at age 60?Д®.

What is the probability that Lynn will have more than $1 million in her retirement fund when she reaches age 60?Д. Construct a 95% confidence interval for the average amount Lynn will have at age 60.Д¬. If Lynn is 30 years old now, how much money should she expect to have in her retirement fund at age 60?Д«. Lynn is not certain what rate of return this investment will earn each year, but she expects each year's rate of return could be modeled appropriately as a normally distributed random variable with a mean of 12.5% and standard deviation of 2%.ДЄ. To ensure that her retirement is comfortable, she intends to invest $3,000 of her salary into a tax-sheltered retirement fund at the end of each year. Although she lilkes her job, she is also looking forward to retiring one day. Lynn Price recently completed her MBA and accepted a job with an electronics manufacturing company. Answer all questions and discuss in case you find differences to your solution in part a). Instead, build a model and vary the order quantity in between 50, 60, 70, 80, 90, 100, 110 using the PsiSimParam function as discussed in section 12.14.2. The following functions will help with this problem (you may need others also which you have used before): PsiPoisson (see page 577) Psimin and Psimax (see pages 602-603) Psitarget (see page 596). Solve as a combination of simulation/optimization. How likely is it that the store owner will make between $6,000 and $7,000 if she implements your suggestion?ДЄ. How likely is it that the store owner will make at least $7,000 if she implements your suggestion?Д. What are the best-case and worst-case outcomes the owner may face on this product if she implements your suggestion?Д¬. How many jackets should the store owner order if she wants to maximize her expected profit?Д«. The store owner can order jackets in lot sizes of 10 units.ДЄ. The demand for jackets is expected to follow a Poisson distribution with an average rate of 80. Any unsold jacket at the end of the season are sold for $45. Each ski jacket costs $54 each and can be sold during the ski season for $145. The owner of a ski apparel store in Winter Park, Colorado must make a decision in July regarding the number of ski jackets to order for the following ski season. Solve the following problems in Excel using Excel add-in- вЂanalytical solver platformвЂ™ (due Thursday, oct 29th) The CBPA is also one of just seventeen universities in the United States to be recognized as a Center for Actuarial Excellence by the Society of Actuaries.Assignments: It is strongly recommended that you create a separate file for each of these problems in order to avoid that the simulation runs interfere with each other. In addition to university accreditation by the Higher Learning Commission, the College of Business & Public Administration (CBPA) is an accredited member of AACSB International-The Association to Advance Collegiate Schools of Business.

These experiences put Drake students ahead of the competition come graduation in fact, our employment outcomes outpace national averages when it comes to placement rates and starting salaries. Staying true to our mission of bringing the classroom into the world and the world into the classroom, our graduate degrees are enhanced by our expert faculty and relationships with local business leaders, as well as national and international executives and successful Drake alumni. With a commitment to integrate data analysis, entrepreneurship, and globalization into our curriculum, our graduates are poised to thrive in todayвЂ™s competitive job market.

ANALYTIC SOLVER PLATFORM FOR EDUCATION PROFESSIONAL

Submit contact information for two professional recommendations.ДЄbout the College of Business & Public AdministrationДrake UniversityвЂ™s College of Business and Public Administration prepares students for immediate and enduring success in a progressively technological, data-driven, and global environment.Submit a typed, one-page essay detailing how a graduate education at Drake University will help you reach your academic and professional goals.Submit an electronic copy of your rГ©sumГ© or curriculum vitae.Submit your official transcripts from all previously attended colleges or universities.

Analytic solver platform for education