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Develop a decision tree for the case of a company is operating at full capacity and with product demand rising. The choice is between new equipment and overtime. A 20% rise in sales is anticipated, bringing an increase in profits of $300,000 with new equipment and $150,000 with overtime. But volume might drop 5%; therefore, these are two possible results. If there were a sales drop, profit would be $220,000 with new equipment and $175,000 with overtime. The probabilities are 60% for a sales increase and 40% for a sales decrease.
Partitioning a population into hierarchical groups or levels and selecting a sample from each group or level is known as which of the following? Simple random sampling Stra
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Construct the dual of the problem minimize Z=3(x1) - 2(x2) + 4(x3), subject to the constraints 3(x1) + 5(x2) + 4(x3) >= 7, 6(x1) + (x2) + 3(x3) >= 4, 7(x1) - 2(x2) - (x
Question: (a) ‘Quality has been identified as one of the performance objectives.' Give three reasons why quality is important for a service provider such as a Tourist resort
Ultimate Objective 1. Manufacturing costs: The unit cost of the product should be estimated carefully and every effort should be made to stick to the cost standards. For
An undergraduate business student has purchased a laptop computer for use during exams. This laptop is perfectly reliable except for two parts: its microchip, which has a failure r
An Organization: Its Mission and Strategic Intent In this assignment, you will decide on a company's strategic intent, its mission, and the role of stakeholders in developing an
During a negotiation, the union proposes a 25 cent per hour wage increase across the board. Management says it cannot afford that. Management has just: A. Reached an impasse B. Est
Imagine you are considering opening a specialty pet store in your area. Create a list of the five most significant risks that you must address prior to making your decision regardi
1. Why do companies that advertise their CSR policies so often face serious controversies anyway 2. Identify an area in which Apple is regarded as responsible to a stakeholder
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