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Howard Weiss, Inc., is considering building a sensitive new airport scanning device.His managers believe that there is a probability of 0.35 that the ATR Co. will come out with a competitive product. It Weiss adds an assembly line for the product and ATR Co. does not follow with a competitive product, Weiss's expected profit is $50,000; if Weiss adds an assembly line and ATR follows suit, Weiss still expects $10,000 profit. If Weiss adds a new plant addition and ATR does not produce a competitive product, Weiss expects a profit of $600,000; if ATR does not compete for this market, Weiss expects a loss of $80,000.
a) Expected value for the build new plant option.
The seconds were sold for $96 every at a factory outlet store. The remaining 92 garments were sold to retail outlets at a price of $200 per garments. Elucidate what was the labour productivity in dollars per labour-hour at Natalie's shop.
Kruger will enhance its citywide image in Miami if it can outsell other local stores in total number of rolls of Super trex next year. Illustrate what constraint would you add.
The business world today is increasingly complex and variable in virtually every country and industry, How do you define an organic organization and a mechanistic organization?
This solution exemplifies how to select the correct constraint which is based upon the information given in linear programming problem. This is all addressed in under 50 words.
Develop a joint probability table and show the marginal probabilities. What is the probability of a household whose income exceeds $60,000 and who rejects the offer?
What do you think about this situation? Should parties to a sales contract be able to rescind a contract because of mutual mistake of fact? Why or why not? Did either party act unethically in this case?
This often involves creating a statement of work. You need to hire some financial auditors to help with the annual audit. Create a statement of work for these auditors which meets the subsequent criteria. Discuss why you chose to include which cont..
A Corporation which produces pleasure boats has decided to expand one of its lines. Discuss what other factors might be considered in choosing between expansions
Resolve part A if the rates are Y4 from odd to even departments, Y5 from even to odd, Y6 from odd to odd and Y7 from even to even. find the best layout and its cost based on distances.
Is your supervisor correct in stating that reengineering the service processes can in fact impact the organization and bring human resources more in tune with the needs of the organization and its varying customers' needs?
A small, undocumented change resulted in the collapse of the VA system, largely due to the high interrelationship between its applications. Illustrate what is the positive side of this high degree of interconnection; also explain how do these benef..
The probability of concluding that assignable variation exists when only random variation is present is: (I) the probability of a type I error, (II) known as the alpha risk
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