Explain how would this change of currency affect, Operation Management

Assignment Help:

When the Zagat, a leading provider of leisme-hased survey results, released its San Francisco Restaurants Survey, it marked the 25th year that Zagat Survey reported on diners and the 19thyear that the company has covered San Francisco. The participants dined out an average of 3.2 times per week, with the average price per meal falling from the previous year from $34.07 to $33.75.

a) If the standard deviation of the price of meals in Sa Francisco was $10, determine the largest proportion of meal prices that could be larger than $50.

b) If the checks were paid in Chinese currency ($1USD = 8.0916 Chinese yuan}, determine the mean and standard deviation of meal prices in San Francisco. How would this change of currency affect your answer to part a?


Related Discussions:- Explain how would this change of currency affect

Line balacing, what happens if line balancing does not exist

what happens if line balancing does not exist

Asseyment, what used materials for made the Turbine blades which endures vi...

what used materials for made the Turbine blades which endures vibrations and saline conditions and why?

Explain operations management, How do I find solutions to questions in oper...

How do I find solutions to questions in operations management 10th edition by jay heizer?

Explain homogenous group, In a diverse team, a "fault-line" refers to: a. C...

In a diverse team, a "fault-line" refers to: a. Cases in which a team tends to find fault or blame in the other team members rather than their own behaviour b. Cases in which group

Basic stages, basic stages of Operation Management

basic stages of Operation Management

Describe modern healthcare systems, Discuss the Chaos Theory (Be sure to re...

Discuss the Chaos Theory (Be sure to read the lectures concerning this theory, as well as go through the additional links) in relation to the health care system today. In addition,

Explain propose effective communication techniques, You are the civil engin...

You are the civil engineering foreman in charge of a 24-person group whose charter is to erect 3,000 tents for refugees who lost their homes in an earthquake. You have 10 days to a

Various levels of customer service in your organization, Has the philosophy...

Has the philosophy that there are different levels of customers had any material effect on the value of your organization's customer service? • Identify and explain the differen

Ventilation, a. To cater for adequate supply of oxygen or air required for...

a. To cater for adequate supply of oxygen or air required for respiration. b. To provide thermal comfort b maintaining adequate heat balance of the body. c. To get r

Define the minimum and maximum cycle times, An assembly line with 11 tasks ...

An assembly line with 11 tasks is to be balanced. The longest task is 2.7 minutes, the shortest task is 0.4 minutes, and the sum of the task times is 18 minutes. The line will oper

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd