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Company must decide how many lots of chocolate muffin premix to order for its three stores. Information on pricing, sales, and inventory costs has led to the following payoff table, in thousands. Demand Order size Low medium High 1 lot 12 15 15 2 lots 9 25 35 3 lots 6 35 60
1-what decision should be made by the optimist?
2-what decision should be made by the conservative?
3-what decision should be made using minimal regret? Show the regret table.
4-assume that the payoff table provides cost rather than profit payoffs. What is the recommended decision using optimistic, conservative, and minimal regret approaches?
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An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is
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To test H0: p=.35 versus h1:p Please let me know if it is possible to use a ti-84 calculator ? = Power =
Assume you are the project manager for a software company and your team is in charge of delivering an update to tax preparation software for the next tax season. The project team h
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Use the data in Exhibit 16-5 to construct a stem-and-leaf display
fACTORS AFFECTING LOCATION DECISIONS?
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