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A manufacturer of industrial sales has production capacity of 1,000 units per day. Currently, the firm sells production capacity for $10 per unit. At this price, all production capacity gets booked about one week in advance. A group of customers have said that they would be willing to pay $15 per unit if capacity was available on the last day. About ten days in advance, demand for the high-price segment is normally distributed with a mean of 250 and a standard deviation of 100. How much production capacity should the manufacturer reserve for the last day?
She is also aware that if she begins accepting Medicare patients, the organization's administrative costs will increase by approximately $10,000 per year because of the claims file complexity.
Four possible outcomes are listed below, together with probabilities also payouts. Should the organization sell the lease or drill. When preparing a claim that is optically scanned, births dates are keyed in with explain how many digits.
The sampling distribution can be assumed to be approximately normal even when the underlying process distribution is not normally distributed.
If the blend needs to score at least 300 points for shade tolerance, 400 points for traffic resistance also 750 points for drought resistance, describe how many pounds of every seed should be in the blend. Describe how much will the blend cost.
Each employee is paid $50 a day for each of first five days worked during a week also $62 for overtime day (if any). Formulate an LP whose solution will enable post office to minimize cost of meeting its weekly work requirements.
Multiple regression analysis based on the assumptions of linearity and normality.
Formulate a maximum-flow problem which could be used to conclude whether all three projects can be completed on time. Draw the network also Write down the LP.
Explain how can this model be abused also illustrate what can do done to remove any biases. Explain how can a regression model be used to product to produce results which favour over another.
Inventory holding costs are $2 per unit per month. Given the estimates of demand below, create an aggregate production plan for Slopes also Sleds utilizing.
Describing change management approach and recommended action steps you would advise for minimizing adverse impact on organization and its people.
f the flight is overbooked, the airline has a policy of getting the consumer on the next available flight also giving the person a free round-trip ticket on a future flight. The cost of this free round-trip ticket averages $263.
Elucidate how can a manager demonstrate which he/she is a responsible end user of an information system also give examples.
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