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Your company designs and manufactures apparel for the North American market. Clothing and apparel is a style good, with a relatively limited life.
Items not sold at the end of the season are usually sold through off-season outlet and discount retailers. Items not sold through discounting and off-season merchants are often given to charity or sold abroad.
a. What forecasts do you need in this business to be successful?
b. Are these short-range or long-range forecasts?
c. What data do you need to be able to generate these forecasts?
d. What are the implications of forecast errors?
If an auction house is selling products to risk neutral buyers, which of the types of auction would you recommend? If you are a potential buyer, what might your strategy be? Support your answers using economic analysis learned in this course.
What is an example of two variables that are likely to be correlated because they are both changing over time?
Various temperature measurements are recorded at different times for a particular city. The mean of 25C is obtained for 60 temperatures on 60 different days. Assuming that pop st/deviation is 1.5C, test the claim that the population mean is 23C. Use ..
Rewrite the equation in slope-intercept form. Then identify the slope and the y-intercept of the line.
Test the null hypothesis that a population mean is 50 against the alternate hypothesis that the mean is not 50. What "model" should be used and why?
which of the following accurately describes the proportions in the tail of a normal distribution?a. proportions in the
What is the probability the selected employee is a production worker? What is the probability the selected employee is either a production worker or a supervisor?
find the critical value. assume that the test is twotailed and that n denotes the number of pairs of data n30 a0.001 i
Sensitivity of 0.98 and false-positive rate of 0.01. Calculate and interpret meaning of PV+, if test is used in the population which has the disease prevalence of 0.001.
They both want to know what family member typically does the research about possible honeymoon destinations, and who primarily makes the decision on selecting the destination.
on average a textbook author makes two word processing errors per page on the first draft of her textbook. what is the
q1. the monthly utility bills are normally distributed with a mean value of 130 and a standard deviation of 15.a find
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