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Suppose that at any period of time a photo-copier machine can either be working properly, in need of maintenance, in need of minor repair, or in need of major repair. If the photocopier is working, the chances that it will require maintenance, minor repair, or major repair in the next time period are respectively 0:15, 0:05, 0:03. Assume that the probability that the maintenance is successfully done in the next period is 1, the probability that the minor repair is successfully done in the next period is 0:8, and the probability that the major repair is successfully done in the next period is 0:5. Construct a Markov Chain and its steady-state probabilities that would allow you to answer the following question: If the owner of the photocopier has to pay $10 for every period that it is not working properly, what is the expected cost per period of the photocopy
Discuss how laws tie into business ethics. Support your ideas with research and specific examples of laws discussed in your text.
Disadvantages of Observation Methods: According to bailey the disadvantages in observation technique are: 1. Lack of Control: In artificial setting control over variable sis
1. What is the sequence of steps that should occur before you are hired for a full-time position ? 2. Describe the types of methods companies use to train their employees. 3.
What is industrial mnagement? Explain. Industrial Management: Industrial Management includes guidance, leadership and control or efforts of a group of individuals toward sev
Risk prevention strategies should include less detailed planning training static designs and traditional systems all of the above none of the above
Cecilia is a 14-year old freshman at United High School. She works from 2pm to 10pm three days a week. In order to get to work on time she leaves school early missing her last clas
What is the Economic Order Quantity technique and what are the basic assumptions the model formula follows?
First, visit a local retail store and look at the brand names, package designs, and labels for various products. Choose one product that you think is a "good" example of these prod
Principle of Scheduling First Principle optimum Task Size : scheduling tens to achieve its maximum efficient task sizes are small and all tasks are of the same order of magnit
Which best describes the client's role in the Generating Ideas stage of CPS? a. listens carefully to the ideas generated by the resource group. b. tells the resource group immediat
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