backorders were conservatively estimated to be $11 millions; costs associated with having too much of the wrong inventory were an additional $10 million. 2. Based on the data is given, the mean of the normal distribution demand is 13,060, and standard deviation of actual demand is 4,257. Cu = 40 - 22 = 18 | Co = 22 - 15 = 7 | | | F(Q) = Cu/(Cu+Co) = 18/(18+7) | 0.72 | | | | Q=13,080+.72*4,257 | 16,124 | Optimal Order Quantity | Expected lost sales = 4,257 * L(.72) |
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You are the president and chief executive officer of a family owned manufacturing firm with assets of $45 million. The company articles of incorporation and state laws place no restrictions on the sale of stock to outsiders. An unexpected opportunity to expand arises that will require an additional investment of $14 million. A commitment must be made quickly if this opportunity is to be taken. Existing stockholders are not in a position to provide the additional investment. You
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Exxon Mobil: Company Overview: Exxon Mobil Corporation is an American multinational Oil and gas corporation. It is one of the largest publically traded companies by market capitalization in the world with its operations spanning several continents. The Company was formed on November 30, 1999 by the merger of Exxon and Mobile (ExxonMobil, 2011). Exxon Mobil explores, produces and distributes natural gas and crude oil and also manufactures and distributes petroleum products. It also produces and
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Number of values in the sample 25 Answer: 40.84 Median Answer: 39 c. Find the range and the standard deviation of the times. Range = Largest value-Smallest value Largest value 67 Small value 23 Answer: 44 Standard Deviation Answer: 14.84834446 #82 The following frequency distribution reports the electricity cost
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The NCHA is a ranked amongst the top 10 associations in the UK, providing over 7,000 homes to over 10,000 tenants. The biggest reason and main driver behind attempting to recive certification is to gain recognition for their high standards of environmental standards. It is important to the housing association that they are able to provide housing for tenants that are well maintained, in areas that look appealing. Objectives listed in the article include * Improving environmental performance
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Article 1. Short Title. - This Act shall be known as the "Consumer Act of the Philippines." Art. 2. Declaration of Basic Policy. - It is the policy of the State to protect the interests of the consumer, promote his general welfare and to establish standards of conduct for business and industry. Towards this end, the State shall implement measures to achieve the following objectives: (a) protection against hazards to health and safety; (b) protection against deceptive, unfair and unconscionable
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Binomial Distribution This is a discrete random variable, where the process of obtaining the Binomial distribution is called “Bernoulli “ process. An experiment that often consists of repeated trials, each with two possible outcomes, which could be labeled as “success” or “failure”. This experiment is known as binomial experiment. A binomial experiment is one that possesses the following properties: 1. The experiment consists of n repeated trials. 2. Each trial has only 2 possible
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company has a mean life time of 700 hours with a standard deviation of 60 hours. Find probability that in random sample of 16 tubes taken out from group have a mean life of between 690 and 710 hours? Has more than 720 hours? Question 3: The masses of 1400 balls are normally distributed with a mean of 21.40 grams and standard deviation of 0.048 grams of 250 random samples of size 34 are drawn from population. Determine the expected mean and standard error of sampling distribution of mean if sampling
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Descriptives Notes Output Created 05-SEP-2012 16:32:29 Comments Input Active Dataset DataSet0 Filter Weight Split File N of Rows in Working Data File 51 Missing Value Handling Definition of Missing User defined missing values are treated as missing. Cases Used All non-missing data are used. Syntax DESCRIPTIVES VARIABLES=Income /STATISTICS=MEAN STDDEV VARIANCE RANGE MIN MAX SKEWNESS. Resources Processor Time 00:00:00.00 Elapsed Time 00:00:00.02 [DataSet0]
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