Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Dan McClure owns a thriving independent bookstore in artsy New Hope, Pennsylvania. He must decide how many copies to order of a new book, Power and Self-Destruction, an exposé on a famous politician’s lurid affairs. Interest in the book will be intense at first and then fizzle quickly as attention turns to other celebrities. The book’s retail price is $20, and the wholesale price is $12. The publisher will buy back the retailer’s leftover copies at a full refund, but McClure Books incurs $4 in shipping and handling costs for each book returned to the publisher. Dan believes his demand forecast can be represented by a normal distribution with a mean of 200 and a standard deviation of 80.
a) Dan will consider this book to be a blockbuster for him if it sells more than 400 units. What is the probability that Power and Self-Destruction will be a blockbuster?
b) Dan considers a book a “dog” if it sells less than 50 percent of his mean forecast. What is the probability this exposé is a “dog”?
c) What is the probability that demand for this book will be within 20 percent of the mean forecast?
d) What order quantity maximizes Dan’s expected profit?
e) If Dan orders the quantity needed to achieve a 95 percent in-stock probability, what is the probability that some customer won’t be able to purchase a copy of the book?
Use Microsoft Project and list all the steps needed to buy a house & add a garage.
For the month of November, 2010, the firm has generated the 150 orders, 75 of each type. Assume one month equals 20 days. What is the effective capacity of the process (contracts per day)?
Should managers have the right to monitor the emails , instant messages and other social media of employees ? Why or why not? What if employees are warned that email could be monitored ? If s company sets up an email policy, should only in house tran..
The stock of the pharmaceutical company is trading at $40. There are currently two options trading: a European call option with a strike price of $45 and a European put option with the same strike price of $45. Both options have the same maturity of ..
To ask customers to identify "must haves" and "wanna haves"
A video store (AVS) runs a series of fairly standard video stores. Before a video can be put on the shelf, it must be catalogued and entered into the video database. Every customer must have a valid AVS customer card in order to rent a video. If a vi..
What influences on personality development seem most important to you? and Why?
The differences between the past and current roles in this profession, How and why the roles have changed, What might the future hold for the field of HRM, and
What class of consumers tend to be most likely to buy store brands rather than national brands?
A conflict of interest is usually understood by all involved and can be found in rules or regulations set by a company,
"Acknowledging the importance of working with the city as a partner gives the project a greater chance of success." Defend that statement, and include an example of a major project in a community near where you live. Discuss how vital that type of co..
Write in two sentences what taxonomy means? Knowledge can be shared through a social networking tool such as Whtsapp among the members of CoP.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd