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Question: NBA draft lottery. Professional basketball teams hold a "draft" each year in which they get to pick the best available college and high school players. In an effort to promote competition, teams with the worst records get to pick first, theoretically allowing them to add better players. To combat the fear that teams with no chance to make the playoffs might try to get better draft picks by intentionally losing late-season games, the NBA's Board of Governors adopted a weighted lottery system in 1990. Under this system, the 11 teams that did not make the playoffs were eligible for the lottery. The NBA prepared 66 cards, each naming one of the teams. The team with the worst win-loss record was named on 11 of the cards, the second-worst team on 10 cards, and so on, with the team having the best record among the nonplayoff clubs getting only one chance at having the first pick. The cards were mixed, then drawn randomly to determine the order in which the teams could draft players. (Since 1995, 13 teams have been involved in the lottery, using a complicated system with 14 numbered Ping-Pong balls drawn in groups of four.) Suppose there are two exceptional players available in this year's draft and your favorite team had the thirdworst record. Use a simulation to find out how likely it is that your team gets to pick first or second. Describe your simulation carefully.
As part of your plan, create a communications skills evaluation process for team members. In other words, how would you evaluate each team member's communication skills
The ABC Tool Corp. sold 10,000 shares of its stock to a private investor for $10 million. Must it register this stock with the SEC and provide the investor.
What is the current state of the Quiznos brand?
Understanding Culture Pick an organization you are very familiar with-such as a local school, church, or one in which you have worked for a long period of time.
Develop your own worksheet for the Butler inventory simulation model shown in Figure 12.10. Suppose that management prefers not to charge for loss of goodwill. Run the Butler inventory simulation model with replenishment levels of 110, 115, 120, ..
What are the controlling principles set forth by the Supreme Court concerning the significance of employer motivation in the context of an alleged Section 8(a)(3) violation?
What would motivate you to speak up and act or to stay silent?- Assume that you were in Gloria Hernandez's position. What would you do and why?
The following stem-and-leaf chart reports the number of movies rented per day at Video Connection on the corner of Fourth and Main Streets.
PROJECT TITLE: Delta Airline Price Optimization. The study will identify and evaluate the business opportunities or challenges that need to be addressed and propose (implement when possible) recommendations to improve the situation
Your large firm is about to change to a customer-centered organization structure, in which employees who have rarely had customer contact will now likely.
Honda Motor Company has been very successful in recent years. What percentage of Honda's revenues comes from the United States versus Europe?
Describe how marketing activities are regulated and how marketers can influence the political-legal environment. Marketing activities are influenced by federal.
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