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A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis. In the past, the firm has assigned each project to a single member of its highly-trained professional staff. This person would both gather and analyze the data. Using this approach, an experienced person can complete an average of 10 such projects in an eight-hour day.The firm's management is thinking of assigning two people to each project in order to allow them to specialize and become more efficient. The process would require the data gatherer to fill out a matrix on the computer, check it, and transmit it to the statistical analysis program for the analyst to complete. Data can be gathered on one project while the analysis is being completed on another, but the analysis must be complete before the statistical analysis program can accept the new data. After some practice, the new process can be completed with a standard time of 20 minutes for the data gathering and 30 minutes for the analysis.a. What is the production (output per hour) for each alternative? What is the productivity (output per labor hour)?b. How long would it take to complete 1,000 projects with each alternative? What is the labor content (total number of labor hours) for 1,000 projects for each alternative?
please link to an advertisement that exemplifies consumption as described in the text and define its relation to the material in the text
Jones wants to get his money back for the trip including the additional charges for those items not included in his "all inclusive" vacation. Under what contract theory or theories will Jones prevail in his suit?
Businesses not only respond and react to external forces, but can also attempt to influence them
Determine the average amount of time that a guest spends checking in. How would this change under each of the stated options? Which option would you recommend?
The Scranton warehouse has eight loading docks available for delivery of goods. Trucks arrive at the warehouse approximately once every six minutes according to a Poisson process
Illustrates what are some of the social, political and economic forces affecting super juice and calling for a new approach to management.
Applying sound ethical principles in marketing situations: a.is a losing battle. b.must be a continuous process. c.requires a major competitive fight.
Formulate and solve a linear programming model for mega stat for this make-or-buy application. How many of each component should be manufactured and how many should be purchased?
Illustrate what strategy would you recommend for the organization you chose depended on recent trends also changes. Explain how can these strategies improve which organization's image as a "corporate citizen" within the community.
Candy Kane Cosmetics (CKC) produces LesliePerfume, which requires chemicals and labor. Two production processes are available. Process 1 transforms one unit of labor and two units of chemicals into three ounces of perfume.
Was the United States justified in its "Manifest Destiny" of Westward expansion to the Pacific Ocean? Support your argument with specific details from the reading
John makes wooden boxes in which to ship motorcycles. John also his three employees invest a total of 40 hours per day making the 120 boxes. Illustrate what is their productivity.
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