When a manger finds that demand exceeds inventory‚ the answer lies in making more goods. When a manager finds that inventory exceeds demand‚ the answer lies in making fewer goods. But what if a company management finds that they just do not know which situation applies? This is the situation that recently confronted management at Rollerblade‚ the popular skate manufacturer based in Minnetonka‚ Minnesota. Rollerblade has been one of the leading firms in the fast growing high performance roller
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Marks: 1 Assume that X has a normal distribution‚ and find the indicated probability. The mean is μ = 60.0 and the standard deviation is σ = 4.0. Find the probability that X is less than 53.0. Choose one answer. a. 0.5589 b. 0.0401 c. 0.9599 d. 0.0802 Question2 Marks: 1 Use the given degree of confidence and sample data to find a confidence interval for the population standard deviation. Assume that the population has a normal distribution. Weights of eggs: 95% confidence;
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48 22 100 a) Find the probability that the amount paid is < $20 Answer: P(<$20) = b) Find the probability that the method of payment is credit Answer: P(Credit) = c) Find the probability that the amount is <$20 and the method of payment is credit? Answer: P(<$20) = d) Find the probability that the amount is <$20 or the method of payment is credit Answer: P(<$20 OR credit) =
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When Rollerblade‚ Inc. first started up‚ they had to overcome the obstacles with any new venture company‚ only no one had ever seen or heard of their in-line skate product. At this time‚ everyone was still using traditional roller skates‚ but the idea of in-line skates was not easily adopted right away. Rollerblade‚ Inc. eventually became a very profitable company with their in-line skates‚ however‚ today they seem to have grown to an elephant (profit growth is at a near standstill). This is largely
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Integrated marketing communications plan-outline. LG’s Smartouch laptop IMC. Review of Marketing Plan The Integrated marketing communication plan will give a precise insight of the laptop environment LG will have to evolve in as well as an audit of LG’s position within this environment in term of brand awareness. This document will help LG improve its brand image in order to make the company enter in the era of Touch Green Laptop technology‚ a segment still undervalued which can become
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1 Problem 1-4. An Analysis of the transactions made by Acme Consulting for the month of July 1. Explain each transaction. 1) $20‚000 is the amount invested by the owner/s into the business 2) $7‚000 is the cost of the equipment purchased for the business. $5‚000 has been paid. $2‚000 is the amount still owed for the purchase. 3) $1‚000 is the amount expended to purchase inventories and supplies for the business. 4) $4‚500 is the amount paid for
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Unit 6. Normal Distribution Solution to problems Statistics I. International Group Departamento de Economa Aplicada Universitat de Valncia May 20‚ 2010 Problem 35 Random variable X : weekly ticket sales (units) of a museum. X ∼ N(1000‚ 180) Find the probability of weekly sales exceeding 850 tickets. Find the probability of the interval 1000 to 1200 Take 5 weeks at random. Find the probability of weekly sales not exceeding 850 tickets in more than two weeks Ticket price is 4.5 Euros
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KEY PROBLEM 1 Suppose a candy company roaster producing generic suckers (measured by Q) has the following cost function: C(q) = 1 3 1 2 q − q + 3q + 180 1500 15 A i) Using the cost function‚ set-up functions to demonstrate the following costs: a) Fixed costs b) Variable costs c) Average fixed costs d) Average variable costs e) Average total costs e) Marginal cost of production Fixed Costs = FC(q) = 180 Variable Costs - VC(q) = 1 3 1 2 q − q + 3q 1500 15 AFC(q)
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Microeconomics (Fall 2014) Simon Bowmaker Problem Set 6 Submit at lecture (Monday‚ November 10) Write your answers on separate sheets of paper. Please include: your name your recitation teacher’s name day and time of the recitation NB: if your recitation takes place on Monday morning‚ you must submit your assignment to your teacher at the beginning of the recitation. 1. Assume a monopolist faces the following market demand: Q = 100 - 2P. The monopolist’s total cost function is TC = 5+8Q2. What
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Selected answer key for problem set 1 Econ262 C1.2 (i) There are 1‚388 observations in the sample. Tabulating the variable cigs shows that 212 women have cigs > 0. (ii) The average of cigs is about 2.09‚ but this includes the 1‚176 women who did not smoke. Reporting just the average masks the fact that almost 85 percent of the women did not smoke. It makes more sense to say that the “typical” woman does not smoke during pregnancy; indeed‚ the median number
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