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Recall the formula to calculate the break-even volume from Chapter 8 as a function of the fixed cost F, the selling price p, and the variable cost v. This question requires you to calculate the expected break-even volume when there is uncertainty. The fixed cost F follows a normal distribution with mean 2464 and standard deviation 132. The selling price p follows a beta distribution with Alpha = 3, Beta = 4, A = 29, and B = 91. The variable cost follows a beta distribution with Alpha = 6, Beta = 2, A = 14, and B = 27. (A and B in the beta distribution represent the minimum and maximum, respectively.) Use SIPMath to simulate the break-even volume with 100000 trials. What is the expected break-even volume?
The WNE's bookstore is responsible to order and sell a new T-shirt for the coining academic year. The T-shirts cost $12 to make and distribute. However, the bookstore has no idea about the sell price, but they do NOT want the sell price to be less th..
The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. It takes four days for an order to be delivered. Safety stock i..
Workers may not actually intend to act unethically. People typically have differing opinions on what qualifies as unethical behavior. After reading about how to encourage ethical decision making, develop a plan for training individuals on ethical beh..
What were the research challenges that Budweiser faced in creating a great Superbowl ad?
What economic, social, and political forces have made employee training even more important today than it was in the past?
Employee performance may or may not be measured in some way by the employer as part of their review process. If you are a customer service representative, for instance, your performance standards may be based on how many calls you complete per hour. ..
As your team has worked through the business plan, What are potential strengths and weaknesses as they relate to your business?
Describe the desired outcome. Guided Response: Analyze several of your peers' posts. Give advice to at least two of your peers suggesting any approaches you have found that may prove to be helpful in conducting their adaptive work.
Discuss the diversity-consensus dilemma, including when it is most likely to occur and one possible strategy that a group leader can take to work through the dilemma.
What are the pros and cons of international trade and how does it affect the economy?
Prepare a cause-and-effect diagram for the outcome
As a leader, to what extent are you responsible for the wellness of your employees, including such issues as allergies, substance abuse, eating disorders, family or financial problems, domestic abuse, care-giving responsibilities for an elder, helpin..
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