Explain how would this change of currency affect, Operation Management

Assignment Help:

When the Zagat, a leading provider of leisme-hased survey results, released its San Francisco Restaurants Survey, it marked the 25th year that Zagat Survey reported on diners and the 19thyear that the company has covered San Francisco. The participants dined out an average of 3.2 times per week, with the average price per meal falling from the previous year from $34.07 to $33.75.

a) If the standard deviation of the price of meals in Sa Francisco was $10, determine the largest proportion of meal prices that could be larger than $50.

b) If the checks were paid in Chinese currency ($1USD = 8.0916 Chinese yuan}, determine the mean and standard deviation of meal prices in San Francisco. How would this change of currency affect your answer to part a?


Related Discussions:- Explain how would this change of currency affect

Explain college management and faculty, Pretend you are attending a college...

Pretend you are attending a college if you are not and answer the following questions. Putting together college classes for a given term is no mean problem in production scheduling

Procedure of production control, Procedure of Production Control 1. C...

Procedure of Production Control 1. Control  of activities : It  involves  the  release of manufacturing  orders, setting  plans  in motion  at assigned times  by means of  d

Describe the company''s strategic goals, At the conclusion of Baidu's final...

At the conclusion of Baidu's final strategic planning session, Robin Li (Cofounder, Chairman, and CEO) assigned you to prepare a written report and announcement that would be prese

Explain the relationship between financial forecasting, • Describe the requ...

• Describe the requirements of forecast demand and capacity requirements for financial planning, leading to proper business valuation. • Explain the financial risks to a healthc

Lean Synhcronization, Explain how you woul eliminate waste through flexible...

Explain how you woul eliminate waste through flexible processes

Describe what the customer''s expectations, Explain what the customer's exp...

Explain what the customer's expectations are concerning the salesperson's attitude toward competition

Explain some possible strategic initiatives, Suggest some possible strategi...

Suggest some possible strategic initiatives that Sigma could pursue to continue its growth

Describe seminar for golden age to break even, Golden age retirement planne...

Golden age retirement planners specializes in providing financial advice for people planning for a comfortable retirement. The company offers seminars on the important topic of ret

Explain most important concepts or knowledge that you gained, 1) Do you thi...

1) Do you think that the ISS Clinic investment in electronic medical records added value for the organization? How would you recommend measuring this "value"? If you do not think t

Explain how these factors would affect the management, There are a number o...

There are a number of factors that affect the expansion of a multinational firm, including macroeconomic, political, regulatory, cultural, and social. Choose one multinational orga

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd