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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.25 per card, and the cost of printing is $0.60 per card. The company receives $3.90 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 1,700 and standard deviation 950. (Assume these four are independent.) What is the optimal production quantity for the card? (Round your answer to the nearest whole number.)
a large bakery buys flour in 25 kg. the bakery uses an average 4860 bags a year. preparing an order and receiving the
What potential obstacles do you face in establishing urgency for change within your organization? How might you circumvent these obstacles?
Create an X bar Control Chart for these data. Provide an appropriate graph title & series labels (legends) - Complete the data chart, filling in all highlighted cells correctly and adding your CL, LCL and UCL values to the data you will plot.
Over the years, technology has not only changed the way individuals utilize it but also how organizations utilize it. As each generation of technology improves and changes, the availability of technology in the field of business analytics also cha..
Explain the process by which increased production volume leads to lower costs. Give an example from a real or hypothetical firm. Can this process apply to a service organization as well as a manufacturing one? If so, give an example. If not, explain ..
post a 150- to 300-word response to the following discussion question what are your personal and professional reasons
A neurology group practice recently analyzed its level of patient referrals and referral sources. This analysis showed that 60% of all referrals came from 35% of all the physicians who referred to the group. As the practice manager of the group, you ..
Consider an EOQ model with shortages having demand rate a, setup cost K, holding cost h, and shortage cost p. Alternatively, consider a POQ model with demand rate a, setup cost K
What are the four properties that must be present in order to use binomial distribution? What are four properties that must be present in order to use the Poisson distribution?
Pick a coffee shop where customers order at the counter works well for this activity, but small restrauants, auto parts stores, hair salons, and many other businesses also work for this discussion.
Keep a diary of sorts of any TV shows you watch this week, or any movies you may go to or watch on TV including downloaded or rented or streamed, look for “Product placements”, when is an item displayed noticeably so that the brand of the item is obv..
Describe a fictional large-scale change that could affect DuPont. You will address this change from both a problem-solving approach and an appreciative inquiry approach.
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