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Goop Inc. needs to order a raw material to make a special polymer. The demand for the polymer is forecasted to be Normally distributed with a mean of 250 gallons and a standard deviation of 80 gallons. Goop sells the polymer for $25 per gallon. Goop’s purchases raw material for $10 per gallon and Goop must spend $5 per gallon to dispose of all unused raw material due to government regulations. (Assume one gallon of raw material yields one gallon of polymer with no extra cost.) If demand is more than Goop can make, then Goop sells only what they made and the rest of the demand is lost. Suppose Goop purchases 150 gallons of raw material. What is the probability that they will run out of raw material?
Cloris employs one sales representative at a salary of $40,000 per year. If Johnson reduces advertising budget by $20.000 she expects to 75 fewer units. Should he lower her advertising budget.
The process that facilitates the placement of orders and identifies, attracts, and builds relationships with external customers is called the:
Data collected from selected major metropolitan areas in the eastern United States show that 2% of individuals living within the city limits move to the suburbs during a one-year period, while 1% of individuals living in the suburbs move to the city ..
Augsburg Engineering has installed a new injection molding system for making plastic water bottles on its production line. Your process engineering department has conducted experiments and determined that the line is yielding a mean of 8.01 grams wit..
Design should not be overlooked when creating a technical document. In what specific ways does consistent design benefit individual readers? How does establishing consistent guidelines for design benefit an organization?
what value does an external quality management organization bring to a company that employs their methodology? does
Given the Case and SLP outcomes that appear at the beginning of every home page of every module, identify and briefly discuss two learning outcomes you achieved which are applicable to your current or desired career or professional objective. For eac..
Rauschenberg Manufacturing is investigating which locations would best position its new plant relative to three important customers (located in cities A, B, and C). As shown in the table below, all three customers require multiple daily deliveries. W..
Provide examples (products or services) that illustrate each of these stages (i.e. one product that is in the introduction stage, one product that is in the growth stage, etc.) What suggestions might you make for each company/product/service at this ..
Why is it necessary to present tables and figures in a consistent manner? What are the purposes of figures? Describe the structure of an article. Discuss the three checklists to facilitate the revision process. Describe the types of citation styles...
List and describe the directives to consider the process of outsourcing if you are a senior manager.
Identifies one of the major Human Resource Management (HRM) Laws. Discuss how the law has impacted employees and/or organizations. How do you see the law being applied in the workplace? Describe two nontraditional ways in which managers can motivate ..
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