Already have an account? Get multiple benefits of using own account!
Login in your account..!
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A contractor has found that her cost for a certain construction job is subject to random variation.She believes its actual value follows a continuous uniform distribution between $9000 and $11000 with a mean of $10,000.The cost to prepare her bid is $500. She is competing in a sealed bid competition with four other contractors.She believes that the bids submitted by the other contractors will vary triangularly with a minimum equal to her minimum cost, a most likely value equal to her 1.3 times her mean cost and a maximum equal to 2.5 times her mean cost and that their bids are independent of each other.She will win the competition if her bid is smaller than the bids of all four competitors.If she wins, her profit will be the difference between her bid and her cost minus the proposal preparation cost.If she loses her proposal preparation cost is lost and her profit is -$500.
Simulate 1000 bids in which her bid amount is $14,000 and determine the distribution of her profit. Include the histogram in your response. Also determine the probability that she wins the competition and the probability that she loses money. Compare these results for bid amounts of $13000 and $15000.
What are the various forms of diplomacy and would any of these have been applicable to use in response to 9/11? Why or why not? How did the U.S. use of military power post 9/1
Is Globalization contributing to the creation of a single global culture? Is this a good or a bad thing? What would a global culture look like? What ideas have spread around
You are a Contracting Officer’s Representative, and the Contracting Officer has given you a draft of what may be a unilateral change order. The first “ballpark” estimate judge
Discuss the relationship of one’s mental model (mindset) to her/his behavior, positive and negative. Also, please discuss why a change in the components of one’s mental model
As part of an insurance business's training program, participants learn explain how to conduct an analysis of clients' insurability. Which of participants would you judge to
When companies outsource key activities, an inherent risk is that the quality of the performance of the contractors is not up to the standards of the firm. A holding company d
Summarize the demands information technology places on the manager’s job. Describe positive and negative consequences of information technology for the manager. Discuss the im
According to Cognitive Resources Theory, there is less likely to be a relation between intelligence and leader effectiveness when: A leader with a high LPC score will perform
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd