Ag engineering PE review: Exam prep, I-C economics and statistics - PowerPoint PPT Presentation

1 / 57
About This Presentation
Title:

Ag engineering PE review: Exam prep, I-C economics and statistics

Description:

Overview Use of your PE reference books exercise Economic analysis and statistics (we ll do hypothesis testing Thursday) Throughout: ... – PowerPoint PPT presentation

Number of Views:160
Avg rating:3.0/5.0
Slides: 58
Provided by: asabeOrgm
Category:

less

Transcript and Presenter's Notes

Title: Ag engineering PE review: Exam prep, I-C economics and statistics


1
Ag engineering PE review Exam prep, I-C
economics and statistics
  • Marybeth Lima, Ph.D., P.E.
  • Cliff Nancy Spanier Alumni Professor
  • Biological Agricultural Engineering
  • E-mail mlima1_at_lsu.edu

2
Overview
  • Use of your PE reference books exercise
  • Economic analysis and statistics (well do
    hypothesis testing Thursday)
  • Throughout
  • You will be doing PE style problems (have your
    references and calculators ready!)
  • Ask questions

3
Part 1 Exam preparation
  • References (must have)
  • Time (in preparing for exam and during exam)
  • Strategies (preparation and test taking)

4
References
  • Are an absolutely critical part of your
    preparation you will not pass the exam without
    the proper references
  • There is a comprehensive list of references in
    the booklet entitled A Guide to Professional
    Licensure for Agricultural, Food, and Biological
    Systems Engineers.
  • http//www.asabe.org/pei/index.html
  • Some references are more useful than others

5
References I used for 80 of the exam problems
(must haves)
  • A Guide to Professional Licensure for
    Agricultural, Food, and Biological Systems
    Engineers
  • The notes from this on-line review course (bound)
  • ASAE Standards (I used the 2000 edition for the
    2005 exam and was fine)
  • The Civil Engineering Reference Manual for the PE
    exam (soil and water, wastewater, pumps, econ
    tables, INDEX)
  • The Mechanical Engineering Reference Manual for
    the PE exam (HVAC, machine systems, econ tables,
    fans, INDEX)
  • You dont have to bring both PE manuals but have
    one Id recommend civil over mechanical because
    of broad coverage of topics. If you pick the
    civil manual, bring ASHRAE Fundamentals or
    another strong HVAC book.

6
Other references I used
  • Wastewater Engineering, Metcalf and Eddy (used
    3rd edition)
  • Henderson, Perry and Young, Principles of Process
    Engineering
  • Wood Engineering, Gurfinkel (any wood engineering
    book will do you need the tables at the back
    you may find in civil vs. ag parts of library)
  • A soil physics book
  • MWPS-1 Structures and Environment Handbook (op)
  • Schwab et al. Soil and water conservation
    engineering (4th edition)

7
References I brought and did not use
  • Irrigation Systems
  • NRCS handbook parts 650 and 651
  • Goering and Hansen, Engine and tractor power
  • Shuler and Kargi, Bioprocess Engineering Basic
    Concepts
  • Salvendy, Handbook of Human Factors
  • MWPS-8, Swine Housing and Equipment Handbook

8
Time preparing for the exam
  • Get your references and get used to using them
    (tab Standards)
  • Make an index of where specific information is
    located so that you dont have to search during
    the exam
  • Do and re-do all the problems you are given in
    the on-line course
  • Do problems in your reference books (especially A
    Guide to Professional Licensure for ag, food and
    bio engineers)
  • Focus your time general ag engineering
    knowledge, your expertise area, your secondary
    knowledge areas
  • Dont spend time on what you KNOW you wont touch
    (there is something you wont)
  • The week before the test, do a sample test using
    the 8 hr exam format (road test caffeine issues,
    etc.)

9
Time during the exam
  • The exam is designed such that each question
    takes an average of six minutes
  • There are 1 minute problems and 15-20 minute
    problems
  • Go through the test and answer questions in the
    following order
  • The quick, easy ones that you know you can do
  • The ones you know that you can do that take a
    little more time
  • Guess (with gusto!) at the ones that are beyond
    your scope
  • Guess the same letter every time
  • Go back and do the ones that you think you can do
    that are time consuming
  • If theres time, go back and check your answers
    also go to the ones that are bugging you (if
    there are any)

10
Strategies
  • You need to develop problem recognition
  • You need to develop flexible thinking
  • Pick what you will not answer and guess with
    pleasure (I guessed at 10 of the questions on
    the exam)
  • Many times you can eliminate two of the four
    choices easily (even with areas you know nothing
    about)
  • The sample exam in the licensure book was very
    much like the actual exam in terms of format and
    somewhat alike in terms of types of problems
  • The exam doesnt specify which section is which,
    but youll have four or five consecutive
    questions that are from the same area and then on
    to the next area)
  • Knowing fundamental knowledge is critical (the PE
    reference manuals in civil and mechanical were
    invaluable)

11
Strategies
  • You need to answer 60 of the problems correctly
    to pass
  • Having a strong base in general agricultural
    engineering knowledge will take you over the
    top
  • My experience for the various expertise areas,
    about 60 of the problems were solvable without
    expert knowledge in the area (as long as you had
    good references and knew where to look for info)
  • The other 40 of the expertise questions were
    expert knowledge level, involved problems (I
    skipped PM, irrigation, and structures/environmen
    t expert problems)

12
Use of your PE reference books exercise
  • On the PE exam, you want the 1 minute questions
    that appear on the test to take 1 minute to
    answer
  • These questions are testing your basic knowledge
    of the field and your ability to bring and use
    the proper references
  • Practice find the answers to the questions on
    the following slides
  • Approach
  • First, classify the problem in which area of the
    Ag PE do you think the problem is contained? In
    which references might you find the information?
  • When you find the answer, record the value, the
    reference in which you found the answer, AND
    descriptive information within the reference
    (page number, table number, figure number,
    equation number, etc.)

13
Question 1
  • What is the heat of combustion of propane?
  • NOTE heat of combustion is also referred to as
    heating value

14
Heat of combustion
15
Question 2
  • The Atterburg limit test measures what?

16
Question 3
  • What is the Youngs modulus of elasticity of
    stainless steel?

17
Question 4
  • What is the density of air at 10 C?

18
Question 5
  • What is the curve number for contoured row crops
    in good hydrologic condition for hydrologic soil
    group B?

19
Question 6
  • For a relatively uniform distribution of soil
    particles 1 mm in diameter, what is the largest
    sieve size that these particles would not pass
    through?

20
Question 7
  • What is the typical concentration of suspended
    solids (SS) in septage?

21
Question 8
  • What is the equilibrium moisture content of rough
    rice at 30 C and 80 RH?

22
Question 8
23
Questions on this exercise?
  • In my experience, 10-20 of the questions on the
    exam were of this nature
  • Fast if you had the right references and knew
    where to find the information

24
1-C Economics and statistics
  • A broad area with applications across the board
    (5 of exam questions)
  • Statistics is commonly used because you need
    descriptive information to help interpret data
  • Economics is commonly used for making engineering
    decisions
  • My suggestion for stats and econ use the CE or
    ME PE reference book (Lindeburg)
  • Chapter on statistics
  • Table at the back (z-chart)
  • Get a t-chart as well!!
  • Chapter on engineering economic analysis
  • Full interest tables at the back

25
Statistics basics
  • Measures of central tendency
  • Mean, median, mode
  • Measures of dispersion
  • Standard deviation, variance, range, coefficient
    of variance
  • For PE have equations to determine measures of
    central tendency and dispersion
  • There are slight differences in equations
    depending on if you are working with a population
    or a sample

26
Statistics Distributions
  • A number of distributions can be used to describe
    various data sets or can be used to solve
    engineering problems in relation to these data
    sets
  • Sampling distributions involving means
  • Normal (aka Gaussian) our focus
  • Student t distribution
  • Sampling distributions involving variance
  • F distribution
  • Chi-Square

27
Normal distribution review
  • Symmetrical distribution with mean m and standard
    deviation s
  • Area under curve represents 100 of possibilities
  • 50 to the right of the mean
  • 50 to the left of the mean
  • A value is higher than the mean for this
    distribution to the right of the mean, lower to
    the left of the mean
  • x represents where you are in the distribution z
    is the number of standard deviations away from
    the mean that you are
  • z is positive to right of mean
  • z is negative to left of mean

28
Reading the z-chart
29
Typical PE style problems
  • The population mean for college students heights
    is 67 inches, and the population standard
    deviation is and 4 inches. These data are
    normally distributed.
  • What percentage of college students have heights
    less than 71 inches?

30
Solution
31
  • In what range would you find the middle 70 of
    the data? (pick closest z value, do not
    interpolate)

32
Solution
33
You try this one
  • 90 of college students have heights greater than
    what value?

34
Solution
35
Sampling
  • We almost never work with populations
  • We take samples and try to draw conclusions about
    a population based on a sample
  • Use z chart for large samples (ngt30)
  • Use t chart for small samples
  • Your statistical equations change a little to
    reflect the fact that you have a sample

36
Confidence intervals
  • Commonly used in research and process control
  • 95 confidence intervals are common
  • For example, what is the 95 confidence interval
    of a set of 50 data points the mean of this data
    set is 150 and the standard deviation is 15.

37
Solution
38
Questions on statistics?
  • Tips
  • Get a general reference with equations and make
    sure you have a z chart and a t chart
  • get z from A, and A from z
  • Know confidence intervals
  • Look at process control and hypothesis testing

39
1-C Engineering economic analysis
  • Typically easy questions on the exam if you know
    how to use factor tables (slang, interest tables)
  • Tabulated in the ME reference manual, A-132-150
    or CE manual A-112-130
  • Types of problems in engineering economic
    analysis
  • Decision making you have a material youre
    trying to choose, or a part, or a machine.
    Compare which is most economical given present
    cost, maintenance costs, etc.
  • Replacement/retirement analysis (when should you
    replace or retire a product?)
  • Rate of return problem (to find percentage return
    on an investment)
  • Break even point on an investment
  • Loan repayment (how long will it take)
  • Economic life analysis (life cycle costs)
  • Benefit/cost analysis (do the benefits outweigh
    the costs)

40
Engineering econ
  • Almost all engineering econ problems will involve
    cash flows it is like a material balance using
    money instead of mass.
  • Types of cash flows
  • Single payment cash flows (P or F)
  • P present value of money
  • F future value of money
  • Uniform series cash flow (A)
  • An amount that is the same every month, like a
    house or car payment
  • Gradient series cash flow (not used much) (G)
  • A value that goes up or down the same amount
    every time period
  • You use types of cash flows to compare
    alternatives and solve econ problems

41
Engineering econ
  • Cash flow problems can be calculated using
    equations or are tabulated for fast problem
    solving

42
  • Example
  • If you put 1,000 into a savings account and the
    annual interest rate on the account was 6, how
    much money would be in the account after 5 years?
  • The equation to convert a present value to a
    future value is

43
Engineering econ
  • (1 i)n is called the single payment compound
    amount factor, and is tabulated for various
    combinations of i (interest rate) and n (time
    period)
  • The notation (symbol) for the single payment
    compound factor is (F/P, i, n)
  • This notation indicates that F (future amount)
    is unknown, that you have P (the present value),
    and given the interest rate (i) in percent and
    the time period (n), you can find F.

44
Engineering econ
  • Back to our example If you put 1000 into a
    savings account and the annual interest rate on
    the account was 6, how much money would be in
    the account after 5 years?
  • Solve by equation F 1000(1 0.06)5
    1338.23
  • Solve by interest table

45
Engineering econ
46
Engineering econ
  • Example solve by interest table
  • Go to F/P column with n 5, for table with i
    6 Factor 1.3382
  • F (1000) 1.3382 1338.2

47
Engineering econ
  • Biggest thing to keep in mind make sure that
    your UNITS match interest rate, n, and dollar
    amounts may be given on a different basis
  • You try How much should you put into a 10
    effective annual rate savings account in order to
    have 10,000 in four years? (10 interest table
    included on next page)

48
Engineering econ
49
Engineering econ
  • You are given a future amount of money (F) and
    ask to solve for a present amount of money
  • Solve using the i 10 interest table, with n
    4 years (P/F, 10, 4) 0.6830
  • P F (P/F, 10, 4) 10,0000.6830 6,830
  • Notice that n is given in years and i is given as
    an annual interest rate (per year) units match

50
Engineering econ
  • Maintenance costs for a machine are 250/year.
    What is the present worth of these maintenance
    costs over a 12 year period if the annual
    interest rate is 10?
  • Given
  • Find

51
Engineering econ
  • You have A, you need P Go to i 10 interest
    chart and go to the P/A column (remember in this
    notation your unknown comes first) (P/A, 10,
    12) 6.8137
  • P A (P/A) -2506.8137 -1703 (negative sign
    indicates a cash sink or loss of )

52
More complicated
  • Question 104, webinar questions on general Ag Eng
    principles
  • As manager of a large fleet of farm equipment,
    you are contracting with an outside mechanics
    shop to have all complete engine overhauls for
    tractors, combines, and harvesters at the rate of
    7,200 per engine. You have determined the
    investment needed to construct a new building and
    equip it to overhaul the equipment yourself would
    be 180,000. The estimated annual cost for taxes
    and insurance for the facilities and equipment is
    1.25 of the purchase price. The operating cost
    to perform engine overhauls at a facility that
    you own would be 5,500 per engine. The equipment
    and facilities are assumed to have a life of 12
    years with a salvage value of 35,000. Interest
    rate is 7 per year. The minimum number of
    engines to be overhauled per year to make the
    investment in equipment and facilities
    economically feasible is
  • NOTE use 7 interest table (extra handout)

53
Solution
  • Approach
  • You are comparing two alternatives, outsourcing
    vs. doing it yourself
  • Outsourcing 7200 per engine
  • in-sourcing 5500 per engine, plus facilities,
    equipment, taxes, and insurance (and minus
    salvage value)
  • You have to compare these two alternatives using
    the same basis
  • Choose A
  • Identify which type of cash flow you have in each
    situation
  • Set the outsourcing term in-sourcing term
  • Solve for x, where x is the number of engines
    needed to break even

54
Solution
  • Outsourcing 7200/engine x engines, or 7200x
  • In-sourcing
  • 5500/engine x engines, or 5500x
  • New building and equipment 180,000 (P)
  • Convert to A
  • Interest 1.25 of building/equipment per year
    (A)
  • 0.0125180,000 2250
  • Salvage value 35,000 12 years from now (F)
  • Convert to A
  • Use equations (as in solution online) OR
    (EASIER) use interest tables!

55
Solution
56
Solution
57
Take home points
  • If your brain feels like its leaking out of your
    ears right now, dont worry, its normal ?
  • Best things I did for the PE
  • Had a reference book with a great index
  • Had a list of where to find critical equations
    and important information
  • Time management tips
  • GOOD LUCK!!
Write a Comment
User Comments (0)
About PowerShow.com