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Suppose a marketing researcher was doing a survey of snow skiers residing in South Florida, for the specific purpose of estimating the feasibility of offering discounted snow ski rental equipment. The purpose of the research is to gauge the need, interest and price expectations of these snow skiers when they head to Colorado, Utah, or some other snow skiing destination. That is, the skiers would rent the equipment in South Florida before embarking on their trip to a ski resort. What type of sampling method would be best suited to getting the required information. Begin your answer with your recommendation (e.g., “random”), then briefly justify why your recommended approach is superior to the alternatives.
The last 4 weekly values of sales were 80,100,105 and 90 units. The last 4 forecast (for the same 4 weeks) were 60, 80, 95 and 75 units. Calculate the MAD, MSE and MAPE for these 4 weeks
There are three equally likely states of nature (High, Medium, and Low demand). If the Build a large factory option will post profits of $90,000, $30,000, and - $30,000, respectively, in the three states of nature, what is the EMV of the option?
What is the critical path? What are the implications for the management of the critical path and what are the implications for tasks not part of the critical path? Discuss in terms of flexibility.
The reference desk of a university library recives requests for asssistance. Assume that a poisson probability distribution with an arrival rate of 10 requets per hour.
What role should external factors of demand play in successful business models? NOTE: first fully define the role and then analyze or discuss. At least 4 paragraphs.
How long from start to finish will it take to complete the processing the eight trucks - how much idle time was incurred by the washing process and how much idle time was incurred by the waxing process?
College students trying to register for a course sometimes find that the course has been closed, or the section they want has been closed. Prepare a cause and effect diagram for this problem.
Evaluate whether or not shangri La Hotel's heavy investment in employee development yields a profitable return to the company.
If Captain John's daily profit contribution is $50 for sailboats, $70 for cruisers, and $100 for luxury yachts, how many boats of each type should he rent?
Identify a product market that is currently experiencing changes in customer preferences. How are the companies in that industry responding to the changing preference? What are the supply chain implications
Mary purchases a skirt thinking that it is a silk skirt. In truth, however, it is a satin skirt. When she discovers that it is not a silk skirt, she tries to return it and get her money back. What kind of mistake has Mary committed? Can she be excuse..
Explain the impact of Winter Company's selection of the $ 130 selling price for the W899 on 2004 operating income. Support your answer with appropriate calculations
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