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A job shop received an order for high-precision formed parts The following data is given: Revenue: $135,000 per each good part Cost Salvage$0.00 Probability of good part: 0.75 (Binomial Distribution) S55,000 per each part Customer requires at least 8 and not more than 10. If fewer than 8 are produced, the customer will not purchase any. Also, the customer will not purchase over 10 parts. What is my maximum expected profit?
An individual has $25,000 invested in a stock with a beta of 0.8 and another $40,000 invested in a stock with a beta of 2.0. If these are the only two investments in her portfolio.
Tom, Dick and Harry have been best friends since kindergarten. Tom is the business brain of the group. Dick is the mechanical one and Harry is the creative one. All grown-up, the boys decided that they should start making some serious money to provid..
Illustrate what is your recommended daily order quantity for supermarket. Illustrate what is probability which supermarket will sell all units it orders.
List and explain main errors that undermine and interview's usefulness. Define a structured situational interview and give examples of situational questions, behavioral questions, and background questions that provide structure.
How does an arbitrator determine that a company had just cause for taking a disciplinary action? What remedy might an arbitrator choose if a company did not have just cause? Will the process be different if the organization does not have union repres..
If the expected demand for the new miracle cleaner is 300,000 units, illustrate what would you recommend which Gabriela Manufacturing do.
Explain the concept of the Kano model. Why is it important for organizations to help customers establish Kano levels that are appropriately linked to the value trait of quality?
At first glance, Week 5 content spans two seemingly disparate functions - developing training and assessing employee performance. The processes are defined and presented sequentially in your text. In reality, the functions are more closely related..
How should the company prepare for the increasingly global world in which it operates?
An official from the headquarters of your local congressman called today. They are interested in having your airline provide shuttle service for the congressman and/or his staff three to six times per month. Accept the offer. Your operations chief is..
What concerns about consumer privacy are raised by the use of wireless computing and handheld devices? Does this concern you? Does it concern you enough to change your use of technology with respect to online buying, surfing, social networking, etc.?
Describe at least 3 points in the decision-making process at which information plays an important role. When your alarm goes off each morning, you have a decision to make: whether to get up and go to school or work, or to stay in bed and sleep longer..
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