Suppose that you have the opportunity to invest $50,000 in a new restaurant in
South Bend. (FYI: Dr. HG Parsa of Ohio State University has done a study that
shows that 59% of restaurants fail within the first three years!).
a) Given the following data, what is your opportunity cost here? Explain.
Asset Annual Return
5 year Government Bond 1.25%
DJIA (Stocks) 7%
"Junk" Bonds (CCC or below) 13%
Note: CCC bonds have an average default rate of 27%

b) Now, suppose that as a part owner, you are allowed to eat for free as
often as you like. How does this change your calculation from (a)?

The food services division of cedar river amusement park inc. is studying the amount families who visit the amusement park spend per day on food and drink. a sample of 40 families who visited the park yesterday revealed they spent the following amounts: see worksheet 1 for data and answer the following questions: a. organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. what class interval did you select? b. what percent of families spent less than $45? c. what percent of families spent $55 or more? d. how many families spent from $65 to 74.99?