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Supermarket customers load their carts with goods totaling between $5 and $200 uniformly (continuously) distributed; call this the raw order amount. Assume that customers purchase independently of each other. At checkout 63% of customers have a loyalty card that gives them 4% of their raw order amount. Also at checkout, 18% of customers have coupons that give them 7% of their raw order amount. These two discounts occur independently of each other, and a given customer could have one or the other of them, both of them or neither of them, to get to their net order amount (what they actually pay). Construct a spreadsheet simulation to simulate 100 customers (Monte Carlo Simulation) and collect statistics on the net order amount; these statistics should include the average, standard deviation, minimum, maximum, and a histogram to describe the distribution of the net amounts between $0 and $200. (HINT: to decided whether a customer gets a loyalty discount, explore the Excel IF function with the first argument is being a random number RAND() distributed uniformly between 0 and 1; do similarly to decide on a coupon discount.)
Define "open systems" and describe the internal, competitive, and macroenvironments of an organization.
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A produce distributor uses 710 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once..
What is the yield to maturity for an SWH Corporation bond on January 1, 2006 if the market price of the bond on that date is $1,035?
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Analyze the business-level strategies for MAC Cosmectics to determine the business-level strategy you think is most important to the long-term success of the firm and whether or not you judge this to be a good choice.
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MetaContinental has been mandated to comply with Sarbanes-Oxley criteria. The reporting system will need to be almost completely overhauled to comply. The project team realizes that this will be a business process reengineering project. How should th..
Evaluation of three factors that impact the management of a collegiate, professional, and Olympic organization/institution. Comparison of the factors that impact the various organizations at the different levels of sports.
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