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Colonel Motors (an automobile company) has prepared a marketing campaign for its best selling car. The focus of the campaign is quality, and it is claimed that 97 percent of the purchasers of this car have no complaints in the first year. You and your sister Kim have each purchased one of these cars.
(a) What is the probability that neither of you has a complaint about the car in the first year if the advertising claim is true?
(b) What is the probability that exactly one of you has a complaint about the car in the first year if the advertising claim is true?
(c ) What is the probability that both of you has a complaint about the car in the first year?
If Petromax wants to provide a 95 percent cycle-service level, what should be the safety stock and the reorder point?
What are some primary ways in which firms create value through strategic alliances?
During an argument as to the merits of preventive maintenance at a printing company, the company owner asked, "Why fix it before it breacks? How would you, as the director of maintenance, respond?
How might Target gather information from its stakeholders to inspire a better customer experience in the formulation stage in order to differentiate?
Mr. Dave Jones manages the warehouse inventory for Athleticks, a distributor of sports watches. From his experience, Mr. Jones knows that the PR-5 jogging watch has an average daily demand of 100 units and a performance cycle of 8 days.
What processes are needed in order to shape alternative design strategies for a system?
The next meeting of the Strategic Planning Committee for Biotech is scheduled for next week.
Discuss the reasons for carrying buffer stock. Give examples illustrating why buffer stock is carried between stages of a production process, and why it is carried for incoming materials?
What is the hazard mitigation planning process? Discuss what you learned about the best practices in hazard mitigation, and give an example.
Develop a Naïve forecast for 2005 to 2013. Calculate the MSE (using errors from 2005 through 2013) and Tracking Signal for this forecast.
A particle moves on a circle through points that have been marked 0, 1, 2, 3, 4 (in a clockwise order). The particle starts at point o. At each step it has probability 0.5 of moving one point clock (0 follows 4) and 0.5 of moving one point counterclo..
What are the major challenges of managing a business in the current world's economy.In your own words define the term Organizational Behavior.
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