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You are an operations manager of a small manufacturing enterprise. Your owner intends to increase the production capacity through the addition of new equipment. Two vendors have presented proposals. The fixed costs for proposal A are $50,000, and for proposal B, $70,000. The variable cost for A is $12.00, and for B, $10.00. The revenue generated by each unit is $20.00.
a) What is the break-even point in units and dollars for proposal A?
b) What is the break-even point in units and dollars for proposal B?
c) If the expected volume is 15,000 units, which alternative should be chosen?
Use a visual display to a categorical variable with four classifications. Which one would you use - the bar chart, the pie chart, or the pareto diagram? Explain"
a company that manufactures bookcases finds that the average time it takes an employee to build a bookcase is 23 hours
If 60 percent of those people chewing the gum are successful in stopping smoking, what is the probability that in a group of four smokers using the gum at least one quits smoking?
a sports league is making up their season schedule. the league has 12 teams with eight teams from la and the rest from
One thing you have learned is that the tangency portfolio will give you the maximum Sharpe ratio. Consequently, you have constructed such a portfolio. What are you portfolio weights.
The most recent census shows that men make up 49% of the Canadian population, with women making up the remainder.
(a) Find the probability that all four adults are very confident in the nutritional information on restaurant menus. (b) Find the probability that none of the four adults are very confident in the nutritional information on restaurant menus.
Suppose a state has 10 universities, 25 four-year colleges, and 50 community colleges, each of which offer multiple sections of an introductory statistics.
q1. a random sample of 50 students at the university of florida revealed the mean number of hours slept last night was
Construct a histogram from this set of data and identify the sample shares for each of the listed manufacturers. Excluding the data referred to as "other," determine the total share of the sample for manufacturers that have headquarters in the Unit..
Based on that information, develop a 95% confidence interval to provide an estimate of the mean birth weight for the national population of Wimberley Terriers.
if a company knows that its new employees have an eighty-five percent learning rate and the first time they perform the
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