A University Begins Year 1 With 80 Faculty

Topics: Net present value, Cash flow, Internal rate of return Pages: 4 (682 words) Published: July 5, 2015

A university begins Year 1 with 80 faculty. They hire 4 faculty each year. During each year 10% (rounded to the nearest integer) of the faculty present at the beginning of the year leave the university. For example, in a year where there are 73 faculty at the beginning of the year, 7 would leave the university at the end of the year. The university wants to know how many faculty they will have at the end of year 10. The resulting spreadsheet can be found below. The formula copied down from E10 to E11:E18 was _ Answer:

B9:B18 - ROUND(0.1*B9:B18,0) +C9:C18
Note: If the answer is a formula, there is no need to begin that answer with =. Please do not put any unnecessary spaces or () in your response.

You would like to show how the number of faculty at the end of year 10 depends on the quit rate and number of annual hires. We would like for example, to have cell L10 give the number of Year 10 faculty if we hire 1 faculty member a year and 10% quit each year. Using the information in the spreadsheets below, what would be the row input cell for a two-way data table? Answer:

E3, E4
Note: If the answer is a formula, there is no need to begin that answer with =. Please do not put any unnecessary spaces or () in your response.

You would like to show how the number of faculty at the end of year 10 depends on the quit rate and number of annual hires. We would like for example, to have cell L10 give the number of Year 10 faculty if we hire 1 faculty member a year and 10% quit each year. Using the information in the spreadsheets below, what would be the column input cell for the two-way data table? Answer:

E9:E18

Please do not put any unnecessary spaces or () in your response.

You would like to show how the number of faculty at the end of year 10 depends on the quit rate and number of annual hires. We would like for example, to have cell L10 give the number of ending Year 10 faculty if we hire 1 faculty member a year and 10% quit each year. Using the...
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