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A job shop receives an order for high precision formed parts. The cost of producing each part is approximately $20,000. The customer requires that either 4 or 5 good parts be supplied. Each good part sold will yield $30,000. However, if fewer than 4 good parts are produced, none will be purchased. The probability of an individual part being acceptable to the customer is .80. 1/ Determine the optimum batch production quantity given that the job shop has agreed to supply the formed parts. 2/ Is the situation a profitable one for the job shop? I 3/ If not, how must the selling price be changed for the expected profit to be positive?
An online retailer of a single product has four major markets in the four "corners" (North-East, South-East, North-West and South-West) of a country. Assume that daily demand in ea
To test H0: p=.35 versus h1:p Please let me know if it is possible to use a ti-84 calculator ? = Power =
To what extent are these decisions subject to risk and uncertainty?
Prepare an in-depth report recommending the appropriate investment of AUD$3 million for a five year investment period for a particular investment client. The investment portfolio i
Technology which encourages user contributions and interactivity is known as Web 2.0.
Discuss the importance and characteristics of database backup and recovery procedures. Then, describe the actions that must be detailed in backup and recovery plans?
An organisation has decided to outsource its IS function. Explain the main issues it needs to address. Having decided to outsource its IS function, there are a number of issue
how to do a multiple activity chart on making potatoe chips
Describe the difference between trait-oriented and results-oriented performance appraisal instruments, identifying some of the instruments used in each case.
Inatrode produces 4750 computer chips per day. Each day, a sample of 375 chips is tested for a period of 96 operating hours each. During the test, 3 failed at 15 hours, 5 failed at
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