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Henry has a newspaper stand where he sells papers for $0.50 each. The papers cost him $0.30 each, giving him a 20-cent profit on each one he sells. From past experience, Henry knows that
20% of the time he sells 100 papers
20% of the time he sells 150 papers
30% of the time he sells 200 papers
30% of the time he sells 250 papers
Assuming that Henry believes the cost of a lost sale is 10 cents and any unsold papers cost him $0.30, simulate Henry's profit outlook over 5 days if he orders 175 papers for each of the 5 days. Use the following random numbers: 52, 06, 50, 88, 53. MUST USE EXCEL QM.
Dr. Tarun Gupta, a Michigan vet, is running a rabies vaccination clinic for dogs at the local grade school. Tarun can shoot a dog every 4 minutes. The probability that Tarun is idle. The proportion of the time that Tarun is busy. The average number o..
When did you last see your job description? Did it accurately represent what you did in that position?
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Governance mechanisms are considered to be effective if they meet the needs of all stakeholders, including shareholders. Governance mechanisms are also an important way to ensure that strategic decisions are made effectively. As a potential employ..
Activity A has a standard cost of $500 and the standard time to complete Activity A is 5 weeks. The crash time for Activity A is 3 weeks and the crash cost is $600. What is the crash cost per week for Activity A?
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A bedsheet supplier and a large motel system have decided to evaluate units in lots of 1000 using an AQL of 1.0% with a probability of nonacceptance of 0.10. Determine sampling plans for c=0,1,2 and 4. How would you select the most appropriate plan?
Big Co. and Gantt Co. have entered into a contract for long-term construction project. The compnies opt to use a partnering process to resolve disputes. The partnering process between them will begin:
A comprehensive safety assessment report contains both testing and hazard analysis. What types of safety testing would be performed on commercial aircraft to identify any design-oriented hazards?
Our main topic for this week is corporate culture. Every organization adheres to certain cultural values. Sometimes they are obvious, sometimes not. Frankly, some values are good and some are not. Can you identify and comment on organizational values..
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