Complete the following tasks:

Create a Homework class with fields for the class name, the assignment (for example, “read chapter 1”), and the number of minutes predicted it will take to complete the assignment. Include functions to set the values for the Homework fields, to provide output, and to overload the + operator to add Homework objects’ minutes. The result of the addition is a summary Homework object.

Create a function template that adds two values and returns their sum.

Write a main()function that tests the function template with integer, double, and Homework objects. Save the file as AddTwoObjects.cpp

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Project description
Monte Carlo Simulation Exercise

Equipment Installation at Globus Enterprises

The equipment installation group at Globus Enterprises is about to make a cost estimate to determine how much it will cost to install a back-up generator at a government laboratory facility. Over the years, this group has carried out more than 100 such installations and has developed a database reflecting past experience. Data on the distribution of cost for design work, building effort, and testing effort is provided in Table 1.

——-($/%) Cheapest——-($/%) Usual—–($/%) Expensive

Design:—- 9,000/30———10,000/40———12,000/30
Build:——60,000/20———70,000/60———80,000/20
Test:——-18,000/20———20,000/50———24,000/30
Table 1. Historical Data on Cost Distributions
The data in the table picture the cost of an effort and the percentage of times this cost is achieved. For example, 30% of the time, Design cost $9,000; 40% of the time it cost $10,000; 30% of the time it cost $12,000.

00 16 45 84 18
83 28 82 36 91
95 14 80 68 34
54 55 13 20 70
57 68 61 37 30
09 81 24 55 21
Table 2. Two-digit Random Numbers

Questions

1.Conduct a Monte Carlo simulation to create a distribution portraying total estimated project costs. Employ ten iterations in your computation. Display the distribution graphically.

2.On the average, how much does it cost to carry out this project?

3.What is the standard deviation of the distribution that you generated (use the formula: SD = (Xi X-bar)2/N, where SD = standard deviation, = square root symbol, = the summation sign, Xi = the ith value of X, X-bar = the mean of the X values, and N = the number of values being considered)? What information does the standard deviation offer us that helps us develop a better understanding of risk in this case? (For more help on computing standard deviation, see below.)

4.Roughly what is the probability that the project will cost more than $105,000?

Computing standard deviation for following numbers: 8, 4, 10, 7, 6

———–X——-X-bar—–x – X-bar——–Squared
———8.00—–7.00——-1.00————–1.00
———4.00—–7.00——-3.00————-9.00
———10.00—7.00——-3.00————–9.00
———-7.00—–7.00——-0.00————–0.00
———-6.00—–7.00——-1.00————–1.00
Total—35.00————————————-20.00
Average = X-Bar 7.00————————-4.00 (Sum Squared)/N = Variance
—————————————————–2.00Sqrt(Variance) = Standard Deviation

Computing standard deviation for following numbers: 6, 7, 5.5, 8, 8.5

————-X——-X-bar———x – X-bar——–Squared
————6.00——7.00———–1.00————-1.00
————7.00——7.00———–0.00————-0.00
————5.50——7.00———–1.50————-2.25
————8.00——7.00———–1.00————1.00
————8.50——7.00———–1.50————-2.25
Total——–35.00————————————–6.50
Average = X-Bar =7.00——————————1.30 (Sum Squared)/N = Variance
————————————————————-1.14 Sqrt(Variance) = Standard Deviation

Note that the spread of numbers in the first case above is greater than the second case, so that standard deviation in the first case (SD = 2.00) is greater than in the second (SD = 1.14)

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Consider conducting an evaluation in your organization. Think of a population of clients/constituents/members from whom you might wish to collect data. Identify this population and subgroups of this population that might be hard to reach in the data collection process. Examples might include: phone interviews in which hearing challenged people might not be able to participate or simply folks who simply do not want to complete a survey. Which approach to sampling might you use and how might you avoid missing subgroups that you would want to participate in your data collection.

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some home business expenses) but their variable expenses are quite high (e.g. inventory packaging Show more some home business expenses) but their variable expenses are quite high (e.g. inventory packaging and transportation). Hint: pages 250-251 of your textbook Using the textbox for this assignment provide Ludmilla and Magda with an idea of how many SKUs they will probably have to sell before they reach aBreak-Even Point. Data to use is based on the womens forecast of sales and expenses (they had help from a SCORE volunteer): Anticipated sales revenue in the first six months: $70000 Anticipated variable expenses & costs of goods sold in the first six months: $42000 Anticipated fixed costs in the first six months: $4000 Average unit (SKU) sales price: $5.00 How many SKUs do they have to sell to reach their BEP? how do I get the answer question by using the -1 in the ffomula thank you Show less

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