SILVER’S GYM, INC. – QUESTIONS SPRING 2011
Your firm
has been hired by Silver’s Gym to provide an analysis of the situation. Write a
report using the report writing guide from the course website. Before beginning to write the report, what
issues must be addressed in the case?
Does your firm require additional information? If so, what is the additional information
needed? Silver’s Gym is also concerned
with input on the following questions:
Q. 1. Using the Excel data set found on the course
web site, perform linear regression analysis to obtain an equation to predict
age at death given a specific cholesterol level. Predict the age at which Tommy
will die given his cholesterol level is 310 mg/dL. Interpret the slope in the
context of this problem. Interpret the
coefficient of determination.
Q. 2. Suppose it costs $2,500 to buy a
defibrillator. Find the expected value
of owning a defibrillator if there is a 4% probability that Silver’s will lose
a lawsuit regarding its operation, with each lawsuit resulting in Silver’s
being liable in the amount of $1,000,000.
Q. 3. If the age of an initial cardiac incident
(heart attack or sudden cardiac arrest) is normally distributed with a
population standard deviation = 12 years, find the average age at which people
will experience their first cardiac incident, given that 17% of all initial
cardiac incident victims are younger than 50.
Q. 4. Suppose that over the next several years,
there will be 100 cardiac incidents at Silver’s. Without a defibrillator, 30 victims will die
before paramedics arrive. With a
defibrillator, there is an 80% probability of saving a victim who would die
without it. However, there is a 3%
probability that improper use of the defibrillator will kill a victim who would
have otherwise lived. Find the expected
number of lives saved by the defibrillator.
Q. 5. Was Silver’s Gym negligent in failing to
have an AED on the premises? (In
answering this question assume that Gould Health & Safety Code §204 and
§205 and Gould Evidence Code §966 in the Case Library WERE NOT in force at the
time of Tommy’s death.)
Q. 6. Suppose Gould Health & Safety Code §204
and §205 and Gould Evidence Code §966 in the Case Library WERE in force at the
time of Tommy’s death. Would your answer
to Question 5 change? Why or why not?
Q. 7. Regardless of the conclusions reached in
questions 5 and 6, has Silver’s acted ethically?
No comments:
Post a Comment