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Every year in early October Steven King buys pumpkins of one size from a farmer in Maine and then hires an artist to carve bewitching faces in them. He then tries to sell them at his produce stand in a public market in Boston. The farmer charges Steven $2.00 per pumpkin and the artist is paid $3.00 per carved pumpkin. Steven sells a carved pumpkin for $8.00. Any pumpkins not sold by 5:00 p.m. on Halloween are donated to Steven's favorite children's hospital. Steven pays the artist $.5 per pumpkin to rush the pumpkins to the hospital for the youngsters to enjoy. Steven estimates the demand for his pumpkins this season to be uniformly distributed within a range of 40 to 80. a. How many pumpkins should Steven have available for sale? b. Based on your answer to (a), what is the probability that Steven will be short pumpkins?
Charles Lackey operates a bakery in Idaho Falls, Idaho. Currently, the bakery has 4 employees, each one working 160 hours per month. Because of its excellent product and excellent location, demand has increased by 30% in the last year.
Bender Guitar Corporation, a manufacturer of custom electric guitars, is contemplating a $1,000,000 investment in a new production facility.
As an industry moves from the growth stage into the mature phase of the life cycle, and consolidation (i.e. acquisitions of smaller players by larger players) begins, explain how EACH of Porter’s five forces are likely to change and the effect that t..
From the data you collected and other data collection methods you studied, compare and contrast the strengths and weaknesses of at least two data collection methods. Include an explanation of your experience using these different data collection m..
Locate two sports-related brands that compete directly with one another in the marketplace. Discuss the similarities and differences in the way these products are segmented, targeted and positioned. In your opinion, which company has been more succes..
The Corporation's market research department advises the Corporation to use at most 90% of the advertising budget on television ads. Describe how should the advertising budget be allocated to maximize the total audience.
A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs..
Pharaoh Jewelry orders display racks from ABC, Inc. ABC mistakenly ships racks of the wrong size and color, which Pharaoh Jewelry rejects and returns to ABC via UPS. During the return shipment, the racks are stolen. Between Pharaoh and ABC who suffer..
You deposit $8,000 into a retirement account at the end of the next 12 years earning 10% interest, what is the future value of your retirement after 12 years?
Illustrate what general steps should Hank follow in setting up a continuous improvement program for the organization. Illustrate what problems will he have to overcome to make it work.
Create an Excel chart (one chart/graph, please, not a table) showing revenues for both companies over five years (2008 - 2012), that you might include in your final paper. And I really do want you to use Kellogg's and General Mills data, not data..
In an attempt to judge and monitor the quality of instruction, the administration of? Mega-Byte Academy devised an examination to test students on the basic concepts that all should have learned. Use these data to estimate the center and standard dev..
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