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A large construction company is trying to establish a useful way lo view typical profits from jobs obtained from competitive bidding. Because the jobs vary substantially in size and the final amount of the successful bid. the company has decided to express profits as percent earning: Percent earning = 100 times Earnings/Actual construction costs When money is lost on a project, the earnings are negative and so is the resulting net profit. A sample of 30 jobs yields these percent earnings: Calculate an estimate of the mean percent earnings for the population of jobs of for all potential jobs Construct 0 95% confidence interval for the mean percent earnings for the population of jobs using a large-sample argument Construct a 95% confidence interval for the mean percent earnings for the population of jobs assuming 30 is a small sample size. What additional assumption do you need to make in this case? Compare the two intervals in parts b and c. Explain why a sample of 30 is .often taken as the cutoff between large and small samples
Discuss modern manufacturing practices and how they affect product costing. Include at least one of the three major changes in manufacturing practices: just-in-time production, computer controlled manufacturing, and total quality management. Provide ..
What is a hostile takeover? Do you think hostile takeovers are unethical? Why or why not? The number and dollar value of hostile takeovers are on the rise. Give two reasons for this trend.
Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from past history that an average of 25 customers (with a standard deviation of 13) cancel their reservation or do not sho..
LG electronics : Global strategy in emerging markets please answer following in essay format 1) how the company creates value 2) sustainability of competitive advantage and strategic positioning
The Express was established as the town newspaper after the first year of operations. The daily demand remained at 500, the standard deviation of daily demand at 10.0 Armentrout retailed at $1 newspapers purchased from Sheen.
Knowing you cannot add employees to your staff in the short term, what are you going to do to improve communication with your overloaded staff?
What are the six key questions that form the framework of thinking strategically about the company’s industry and competitive environment?
A public safety unit of a university issues identification cards at the beginning of each semester. Every year about 6,000 new ID cards are issued. Suppose you are authorized to hire one more clerk. Where would you assign the new worker to maximize l..
The ordering cost is $200 per order, and lead time is 7 days. Inventory holding cost is $140 per unit per year. Assuming 350 working days per year, compute the following: Economic order quantity. Number of orders per year. How much money are they lo..
You are the risk manager for University Hospital. You have just been informed of an incident that occurred on your facility grounds. A patient came to your emergency department for chest pain. Unfortunately, he parked in a distant parking area around..
Taking into consideration target audience, design and communication channels for seniors and most effective promotional mix include advertising objectives, budget and promotional materials.
Choose a current article from a newspaper, magazine or published journal that demonstrates Organizational Change “today”. Summarize the article and provide additional background on the change. Discuss three challenges that are being faced and include..
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