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(1) Suppose that a car rental agency offers insurance for week that will cost $10 per day. A minor fender bender will cost $ 1,500, while a major accident might cost $ 15,000 in repairs. Without the insurance, you would be personally liable for any damages. What should you do? Clearly, there are two decision alternatives: take the insurance or do not take the insurance. The uncertain consequences, or events that might occur, are that you would not be involved in an accident, that you will involved in a fender bender, or that you would be involved in a major accident. Assume that researched insurance industry statistics and found out that probability of a major accident is 0.05% and that the probability of a fender bender is 0.16%. What is the expected value decision? Would you choose this? Why or why not? What would be some alternate ways to evaluate risk?
(2) Suppose that the service rate to a waiting line system in 10 customers per hour (exponentially distributed). Analyze how the average waiting time is expected to change as the arrival rate varies from two to ten customers per hour ( exponentially distributed)
Discuss what factors should be considered when diagnosing this case as required by each axis of the DSM-IV-TR.
Analyze and explain the different macroenvironments. Describe how these macroenvironments will impact the demand for the Green Motorcar Company car.
A load cell has a rated sensitivity of 3mV/V, capacity of 3000lbs, and gage factor being 2.0, and gage resistance is 350 ohms. Given excitation voltage being 10v.
Compare (similarities and differences) development and empowerment, and provide at least one specific example of each. Explain a view of leadership authority that you think would be most likely to empower others. Explain how and why.
There are several employee behaviors that can contaminate foods. What are some examples, and how would you implement a training program to minimize food contamination?
How do we implement TQM? Where do we begin? What key areas do we need to address first? Please be sure to include a url or a citation to any sources used for this post.
Compare and contrast a psychological view of religion (Freud, Jung, or James) with a sociological point of view (Durkheim or Levi-Strauss). Defend one of the two theories you selected as a better explanation for the origin of religions.
Describe the distribution of population in South America. Explain why settlement in the region remains somewhat peripheral to the continent. Emphasize the role of colonization, native settlement, and hinterland.
Define what the term 'the studio years' signifies with regard to the film industry. When did it occur, what were some of the influences during that time, and what was the major cause of this period to end?
If the spring is originally unstretched (s = 0) and the block is at rest, determine the power developed by the force the instant the block has moved.
"If you were brought in as a consultant to a community in order to address the criminal justice system within that community. What kinds of issues would you focus on? What are three specific programs or plans you would develop to improve all parts of..
The dominant Indian group on the northern frontier was the ________, a united confederacy of five (later six) tribes. Driven by a quest for both furs and souls, the ________ respected Indian culture and in turn won Indian respect.
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