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GX Corporation is developing a new innovative product. To launch the product, fixed costs are set at $140,000. Variable Costs are set at $75. They desire to break even by selling 1,000 units. a. What should they set the selling price as? b. What is the breakeven in Dollars?c. What should the price be for breakeven to occur at 5,000 units?d. GX desires a selling price of $100. They also want breakeven units to be 5,000.What should variable costs be?
Develop the "best" regression model possible using this set of variables to help you predict the Risk. State your final model. Interpret the coefficients for the model (i.e. what do the numbers mean?).
Brake Pads- A brake pad manufacturer claims its brake pads will last for 38,000 miles. You work for a consumer protection agency and you are testing this manufacturer's brake pads.
An instructor has a test bank consisting of 300 easy true-false questions, 200 difficult true-false questions, 500 easy multiple choice questions and 400 difficult multiple choice questions.
Problem identification: Clearly point to issue you will discuss and influence this problem has on land, air, water resources, plant life, animal life, and human societies.
A process is so vital to an organization that the main unit has 2 backups. In case the main unit fails, either backup can be pressed into service. The main unit has a reliability of .95.
A researcher is studying IQ levels. From past experience she knows the population mean IQ for adults is 110 and the standard deviation is 15.
A sample of 1545 men and an independent sample of 1691 women were used to compare the amount of housework done by men and women in dual-earner marriages.
The data obtained are shown in the Excel worksheet Problem 4 and below. You are to test to determine if the type of ticket and the type of flight are independent or not. Use alpha = .05
A tire company made a sampling distribution on one of its brands of tires and determined that the tire had a mean life of 56,000 miles with a standard deviation of 18,100 miles.
It is estimated that the probability that the general population will live past their 85th birthday is 5.4%. Use the standard normal distribution to approximate this Binomial problem and answer the following questions.
A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Yearly carrying costs are $75 per bag.
Customers who collect four winning lottery tickets are eligible for "BIG SPIN" for large payoffs. Illustrate what is probability of qualifying for big spin if a customer fills up 7 times.
With respect to the product decision, managers must be able to accept risk and tolerate failure. Why did the LRC decide that RAs and CDAs were employees. Do you agree with the LRC decision.
What was the intended effect versus the actual effect of the message? Was a shared reality constructed? If not, what needed to change?
Some tasks and the order in which they must be performed according to their assembly requirements are shown in the following table. These are to be combined into workstations to create an assembly line
Describe the eventual outcome. Did the venture succeed. Were the peons or the big wigs right. In either case, briefly describe why the eventual result happened.
Each chocolate cake requires 20 minutes of baking time also uses 4 eggs. Each vanilla cake requires 40 minutes of baking time also uses 1 egg.
Once a company has diversified into a collection of related or unrelated businesses and concludes that some strategy adjustments are needed
1. Americans doing business in China. 2. What are the pros and cons of doing business in China? 3. What kind of strategy do the Chinese use?
Annual carrying costs are approximate d at $0.60 per pot per year and ordering costs are $20 per order. Illustrate what additional cost is shop incurring by using this current order size rather than economic order quantity.
You have heard from industry colleagues that they have a bad reputation for paying debts, claiming goods are defective and "not receiving" shipments.
However, such Pull-Systems leave a company very vulnerable to disruptions in the supply chain. How is this approach to Inventory control?
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