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A small vendor has either a good day of sales with an average of $1,000 or a bad day with an average of only $500 for the day. To simulate these outcomes, random numbers from 00 to 99 should be assigned with the intervals determined from the frequency distribution. If, during the last 100 days, the vendor had 27 good days and 73 bad days, what is the correct random-number interval for a bad day?
As far as PAC is concerned, illustrate what is a constraint. Explain why is it important to be able to classify a constraint in first place.
how sure they were that they could achieve it? Or does this decision become a question of philanthropy only?
What managerial decisions would you recommend to the owner with regard to beef products on your menu if Mad Cow disease were to occur again. Would you buy a lower grade product from outside the US and continue to offer now "Choice" steaks on the m..
M-Bike, Inc. is a Seattle based firm that supplies high-end mountain bikes. Consumers in Lalaland have recently discovered the joy of biking. Thus, M-Bike is considering expansion into Lalaland.
On January 1, 2015, Tropical Paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Record the issuance of the..
If a company pays a PAT member a base wage of $24,000, a PAT incentive bonus of $1 per camera assembled, a $75 quarterly bonus for perfect attendance
Shockingly, demand for this item is 8 per week, with a variance of 60, corresponding to the product Nega BynoMeal
At what inventory level should he place an order? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the neare..
Write an executive summary identifying appropriate design approaches for a selected product and service. Pick one service business with which you are familiar. Complete a minimum of five line items such as production line, self-service, or persona..
Demonstrate critical thinking and problem solving. Exhibit creativity and innovation in technical design
When the shirts are completed, they are to be shipped directly to Chicago at a transportation also storage cost of $6 per cwt. An import duty of $0.50 per shirt is assessed.a. From a logistics-production cost standpoint, should the shirts be produc..
Discuss who formulates the project management plan, what are its contents, who approves it, and how and when it is implemented?
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