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The Red Hen company is launching its new food for sale in supermarkets throughout Michigan. The sales department is convinced that its spicy chicken soup will be a great success. The marketing department is considering an intensive advertising campaign. The advertising campaign will cost $2,000,000 and if successful produce $9,600,000 in added revenue. If the campaign is less successful (25% chance), the added revenue is estimated at only $3,600,000. If no advertising is used, the revenue is estimated at $7,000,000 with probability 0.7 if customers are receptive and $3,000,000 with probability 0.3 if they are not.
1. Write an equation to calculate the expected value for each decision as a function of the probability that the major advertising campaign will be effective (p)?
A mentally disabled person, who cannot read, but looks physically perfect, was not hired by an organization for the position of a ‘data entry officer’. The mentally disabled person sued the organization. Who do you think will win the case and why?
Explain why it is important for the safety professional to become knowledgeable and skilled in system safety concepts. Your response must be at least 75 words in length.
How do Ponzi schemes and pyramids schemes differ? How are they similar? Why are sucessful white collar criminals such a Madoff abe to carry out their schemes for so long when similar types of fraud often collapse at an early stage?
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Describe specific quantitative methods and tools that could be used within your discipline to gather data. Include your rationale. Evaluate their effectiveness with respect to certain areas within your discipline.
Illustrate your ideas with concrete examples of both cultural elements and specific countries.
Mary Beth Marrs, the manager of an apartment complex, feels overwhelmed by the number of complaints she is receiving. Below is the check sheet she has kept for the past 12 weeks. Develop a Pareto chart using this information. What recommendations ..
Discuss in 100 words, what you can do to increase your chances of getting employed with changes to your current digital footprint.
A manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. At the end of December, the company wishes to forecast sales for January
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