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Suppose that a car rental agency offers insurance for a week that will cost $10 per day. A minor fender bender will cost $1,500, while a major accident might cost $15,000 in repairs. Without the insurance, you would be personally liable for any damages. What should you do? Clearly, there are two decision alternatives: take the insurance or do not take the insurance.
The uncertain consequences, or events that might occur, are that you would not be involved in an accident, that you would be involved in a fender bender, or that you would be involved in a major accident. Assume that you researched insurance industry statistics and found out that the probability of major accident is 0.05%, and that the probability of a fender bender is 0.16%. What is the expected value decision? Would you choose this? Why or why not? What would be some alternate ways to evaluate risk?
can mean median or mode be calculated from all statistical data? explain why or why not. when is the mean the best
being negotiated between the manufacturer and the buyer. Which acceptance number is most desirable from the manufacturer's viewpoint
What are the driving forces and key success factors for your case study company?
HR planning should be focused on helping the organization achieve its strategic intent, which derives from its vision. These strategies need to both service the short-term, operational concerns and the slightly longer-term strategic.
Who appears to be winning or losing in this arena. Illustrate what reasons can you uncover, for the results you find out.
The last event, although forecasted to have 1,000 participants, resulted in the attendance of only 950 participants. What are the utilization and efficiency of the conference facility?
Distinguish between pure and mixed strategies in production planning. Provide examples of each strategy.
clark equipment distributes the clanton model 406 bread slicer used in bakeries. the slicers cost 250 each and clark
1000 words- all new content at least 2 referencesremaining competitive in a global economy frequently means moving from
Analyze key differences between the Behaviorist and Cognitive models of learning. Focus on where control of learning occurs in each approach.
describe the similarities and differences between the erg theory and maslows hierarchy. how have you used either of the
discuss the best fit of the multinational firm to its worldwide industry environment and the changing role of central headquarters as an organization expands into other countries.
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