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Rosenberg Company managed Westchester Manor Apartments through its on-site property manager, Judith. Manor Associates Limited Partnership, whose general partner is Westchester Manor, Ltd., owned the complex. The entry sign to the property did not reveal the owner’s name but did disclose that Rosenberg managed the property. Judith contacted Reid-Floors and requested a proposal for installing carpet in several of the units. In preparing the proposal, Reid-Floors confirmed that Rosenberg was the managing company and that Judith was its on-site property manager. Rosenberg did not inform Reid-Floors of the owner’s identity. Judith and her assistant orally ordered the carpet, and Reid-Floors installed the carpet. Reid-Floors sent invoices to the complex and received checks from “Westchester Manor Apartments.” Believing that Rosenberg owned the complex, Reid-Floors did not learn of the true owner’s identity until after the work had been completed when a dispute arose concerning the payment of some of its invoices.

a. What arguments would support Reid-Floors in recovering on the outstanding invoices from both Rosenberg and Manor Associates?

b. What arguments would limit Reid-Floors to recovering on the outstanding invoices from either Rosenberg or Manor Associates?

c. Explain what the outcome would be under (1) the Second Restatement and (2) the Third Restatement.

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At an oil change facility cars arrive at an average rate of 5 per hour. On average there is (are) 4 car(s) in the system that includes waiting in line and getting the oil change done. The probability distribution that describes arrival and service times are default distributions. The manager of the shop would like to determine how long it takes for cars to go through the system (waiting in line and getting the oil change done). As a computer simulationist you are asked to, (Enter your answer in the edit field — only numeric values. Enter your response with four decimal places).
a) estimate the average time (in minutes) a car spends in the system (waiting in queue for service and getting the oil change service). Blank 1. Calculate the answer by read surrounding text. minutes.
b) estimate the average service rate of the mechanic (only one bay open). Blank 2. Calculate the answer by read surrounding text. per hour

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Health and Education Does amount of education play a role in the healthiness of an individual? The following data represent the level of health and the highest degree earned for a random sample of individuals from the General Social Survey.

(a) Does the evidence suggest that health and education are related? Use the  level of significance.

(b) Construct a conditional distribution of health by level of education and draw a bar graph.

(c) Write a few sentences that explain the relation, if any, between health and education. Can you think of any lurking variables that help to explain the relation between these two variables?

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San Miguel Company manufactures specialized industrial equipment. The equipment often is sold under credit terms that provide for payment over a two- or three-year period. A substantial prepayment is required before equipment is manufactured. The purchaser accepts title to the equipment at the time it is received. San Miguel also sells service contracts on the equipment it sells. These multiyear contracts stipulate that San Miguel will provide periodic maintenance on the equipment and will repair the equipment if it breaks down. Explain (a) when San Miguel should recognize revenue from its equipment sales and (b) when it should recognize service contract revenue. In each case, explain why this revenue timing is proper.

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