function (=norminv(0.7647‚30000‚10000))‚ the optimum order quantity is 37‚216 jerseys to maximize profit. 2. Quantity = 32‚000 First‚ we normalize the order quantity to find the z-statistic z=Q-μσ=32‚000-25‚00010‚000=0.7 We then look up the standard normal loss function. The expected lost sale is given by. Lz=0.1429 Therefore‚ the expected lost sales = 10‚000 * 0.1429 ≈ 1‚429 Expected sales = 30‚000 – 1‚429 = 30‚571 jerseys 3. First‚ we normalize the order quantity to find its z-statistic
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Sherisse’ Woodley C. Williams Macroeconomics 23 July 2013 Homework Set 10 1. List the four categories of unemployment. * Fictional * Structural * Cyclical * Seasonal 2. What measurement tool constructed by the Bureau of Labor Statistics is used to measure changes in the level of prices of goods and services? Consumer Price Index (CPI) 3. Who would benefit from unanticipated inflation –lenders or borrowers? Why? Who would benefits from anticipated inflation –lenders
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McNulty‚ Eric‚ Harvard Business Review‚ October 2002‚ pp. 32-40 In this case study‚ Cheryl Hailstrom‚ fictional new CEO of toy manufacturer Lakeland Wonders‚ is having problems getting her staff to buy into her vision for the company. For example‚ her senior VP of operations‚ Mark Dawson‚ doesn’t seem to understand her vision‚ nor does he show any interest in moving quickly to implement strategies to make Hailstrom’s vision reality. Hailstrom feels most of her managers are agreeable to her face
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Other information: Setup costs vary with the number of batches processed in each department. The budgeted number of batches for each product line in each department is as follows: Trophies Plaques Forming department 40 116 Assembly department 43 103 Supervision costs vary with direct labor costs in each department. 1. Calculate the budgeted cost of trophies and plaques based on a single plant-wide overhead rate‚ if total overhead is allocated based
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the way you dress. Dressing for success does a lot of things to improve you. Just by dressing nicely can change your whole day. For some reason‚ people trust you more when you look the part. Dressing for success can improve your confidence‚ you get more respect than having your pants sagging down at your knees‚ and people can see you probably know what you are doing. Dressing for success can improve your confidence by you thinking you look nice that it increases your self-esteem. You can
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By: Ben Dover Bitch Perhaps no time in history have body image standards had such an enormous impact on society. With today’s mass media people can be subjected to thousands of images and messages daily‚ portraying the "ideal" body image. The people most often portrayed and effected by these messages are young women. Females can feel constant pressure to live up to these ideals which are most often unattainable. This pressure can cause detrimental physical and mental states. To fully understand
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The number of immigrants developed nations accept is an ongoing issue for economic‚ environmental and political reasons. Discuss whether there are too many‚ too few or just the right amount of immigrants coming to Australia each year. Migration is the movement of people from one place to another for living or work purposes. In the current time most of the people migrating from poorer country to developed country. The reasons behind migration are availability of jobs and proper utilization
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The standard that insures teachers maintain a professional relationship with students at all times is important to me because professionalism is crucial in any work place. Teachers especially need to maintain a professional relationship with their students at all times. To me‚ this is a crucial standard for classroom management. If you are professional to all students‚ they will treat you differently than if you were not. Following and knowing this standard will help keep issues in the classroom
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influence the holiday decision-making process are levels of involvement‚ situational factors‚ anticipation‚ nostalgia and daydreaming. On the other hand‚ this is very different from traditional decision-making process that is well sequentialized and structured. In this model‚ the need for a specific service or product is identified and information search and other alternatives are evaluated. The consumer is further led towards purchasing a product and there after placing a purchase evaluation (Moore
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Florian Henckel von Donnersmarck’s film The Lives of Other’s (2005) is set in East Berlin during the socialist reign from November 1984‚ up until the fall of the Berlin wall in 1989. The political context plays a significance role not only in the film’s subject matter but also in its cinematography‚ which exploits the voyeuristic tendencies of the audience‚ reflecting the surveillance of the Stasi Secret Police officers. The film follows a loyal socialist and playwright‚ Georg Dreyman who becomes
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