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

Case study, whom will rajendra eat with

whom will rajendra eat with

Explain what is the largest stnd dev, The Good Chocolate Company. Specifica...

The Good Chocolate Company. Specifications for the 12-ounce bar are 330 grams to 350grams. What is the largest stnd dev, in grams, and still considered capable of ave fill of 340 g

What additional steps must the quality assurance team take, A quality analy...

A quality analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that the process standard deviation is two ounces. Each

Explain competencies required of hr management, Review the competencies req...

Review the competencies required of HR management and recommend at least two additional areas in which HR managers should be competent. Provide specific examples to support your re

Describe rented books and did not get the discount, Hi I answers a question...

Hi I answers a question and earned 10 percent off my next purchased. I just rented books and did not get the discount how can i reversed this??

Explain first-line supervisor understand the organization, Why should a fir...

Why should a first-line supervisor understand the organization's objectives?

Explain the mystery cat, In TS Elliot's book of practical cats name the mys...

In TS Elliot's book of practical cats name the mystery cat?

Explain many positive things about ipads, We have discussed many positive t...

We have discussed many positive things about iPads, iPhones, tablets and Smart Phones, what are some negative things you have experienced with the device you use?

Explain quantitative risk so important in risk mitigation, Why is quantitat...

Why is quantitative risk so important in risk mitigation? Explain how you have seen this in action in life or in your organization.

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