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Chelsea Truman sells celebrity magazines on Sunday morning in an area surrounded by three busy shopping centers. Demand for the magazines is distributed as shown in the following table: DEMAND PROBABILITY 50 0.05 75 0.10 100 0.25 125 0.30 150 0.20 175 0.10 Chelsea has decided to order 100 magazines from her supplier. Chelsea pays $2 for each magazine she orders and sells each magazine for $3. Unsold magazines can be returned to the supplier for $0.75. (a) Simulate 1 year (52 Sundays) of operation to calculate Chelsea’s total yearly profit. Replicate this calculation N times. What is the average yearly profit? (b) Chelsea would like to investigate the profit ability of ordering 50, 100, 150, and 175 magazines at the start of each Sunday. Which order quantity would you recommend? Why? Is this solved using a random numbers generator program? Excel =RAND() ? Excel =RANDBETWEEN()? Can you give me an example of how to enter the values into =RAND() and =RANDBETWEEN()
Is the International Labor Organization relevant to the discussion of human and labor rights?
On May 1, Brand Name Industries, Inc. (BNI), sent Carol a letter, via overnight delivery, offering to employ her to audit BNI’s financial statements for the current year for $10,000. In the letter, BNI stated that Carol had ten days to accept.
What are the decision variables for the Miller’s farm management problem? Be sure to clearly define each one (i.e., x1 = … ). Create the algebraic model for the farming problem.
Relate the Build-A-Bear workshop experience to the consumer decision making model. What elements of the consumer decision making model does Build-A-Bear leverage to create the unique workshop experience? Why are these important to consumers?
Being a good driver requires more than just being able to operate the assigned vehicle properly. Give five examples of qualities that might be needed, and explain why each could be important to overall success as a driver.
Alyssa's Custom Cakes currently sells 66 ?birthday, 33 ?wedding, and 33 specialty cakes each month for ?$4545?, ?$150150?, and ?$100100 ?each, respectively.? Alyssa's current multifactor productivity ratio is 1.301.30. a. Assuming each cake costs the..
Mr. Hess of California Windows, Inc. is considering making a change in the material the firm uses for panes in its residential window line. The new material has a slight mirror attribute that assists in reflecting ultra-violet light and restricts the..
Describe the changes in the Fifth and Sixth Amendments and the custodial protections that are provided under these. Discuss the past, present, and possible future applications of the following for suspects in police custody:
Download the Article "Job Shop Quality" Read the article and answer the following questions:
Which of the following plans has the longest planning horizon and the least level of detail?
Define the terms Labor Relations, Labor Unions, and Collective Bargaining; what is the collective bargaining process?
Identify the key criticisms leveled by Arrow and Calkins & Wight against Friedman’s position as represented by his NY Times article. Identify the criticism that seems to you to be the most telling against Friedman. Can you defend Friedman against tha..
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