After meeting with the regional sales managers, Lauretta Anderson, president of Cowpie Computers, Inc., you find that she believes that the probability that sales will grow by 10% in the next year is 0.70. After coming to this conclusion, she receives a report that John Cadariu of Minihard Software, Inc., has just announced a new operating system that will be available for customers in 8 months. From past history she knows that in situations where growth has eventually occurred, new operating systems have been announced 30% of the time. However, in situations where growth has not eventually occurred, new operating systems have been announced 10% of the time. Based on all these facts, what is the probability that sales will grow by 10%?

Q: Given the Chart 1 below showing the relationship between Crude Oil Price (Dollars per Barrel) and…

A: Let me state the given trendline model, Here, I will determine the resulting increase in diesel…

Q: Which of the following is NOT true when considering competitive advantage? ⒸA competitive advantage…

A: Competitive companies are those that are able to offer products or services that are perceived as…

Q: The Instant Paper Clip Office Supply Company sells and delivers office supplies to companies,…

A: Given data-

Q: Napp Landscape Services offers designing and building home landscaping services, and will manage and…

A: Napp Landscape Services is a firm that provides products and services related to design the…

Q: After much anticipation Goople releases a new smartphone. In anticipation of the new phone, Goople's…

A: answer) raise the present value and the price of the corporation's stock

Q: Given that:  Sales = $300,000,000 Transportation cost = $15,000,000 Warehousing cost = $4,000,000…

A: Inventory carrying charge = 30% of average inventory = 30/100 x $15,000,000 = $4,500,000 Hence,…

Q: You have been pricing Samsung-Galaxy SmartWatch in several stores. Three stores have the identical…

A: The objective of this question is to calculate the finance charge for June using the average daily…

Q: Multiple Choice O 0.18 0.44 0.57 0.65 0.82

A: Given data:  State of nature  Alternative  S1 S2 A1 75 -40 A2 0 100 Prior probability…

Q: Consider a telecommunication service provider. You have the following quarterly data:   STATISTICS…

A: Referrals- In this method of prospecting, the salespeople come in contact with their known ones like…

Q: If the percentage reported is below 85 percent, then Spotlight Video wants to flag this video as…

A: Inventory is an essential element of the manufacturing unit as it fulfills eh production operation…

Q: need help asap

A: Business, organizations, individuals function in an environment that is volatile. The environment is…

Q: Estimate the y-intercept for the sales history trend line. $45,000 $95,000 Other $80,000

A: Linear regression is a statistical method commonly used to analyze the relationship between a…

Q: As mentioned in the chapter, some analysts predict barcodes maybe replaced by a wireless technology…

A: RFID tags are a kind of radio frequency identification tags that use an electromagnetic region in…

Q: The Concept of Present Value (PV) and Future Value (FV) involve compounding and discounting. Using…

A: PV and FV are fundamental concepts in finance and investment. They are used to make investment…

Q: Compute the MAD and tracking signal for each period.

A: ANSWER IS AS BELOW:

Q: In the table below ratings data on x = the quality of the speed of execution and y = overall…

A: Given that: Speed Satisfaction 3.5 3.4 3 3.1 3.3 3.2 3.6 3.5 3.4 3.7 3.8 3.6 3.3…

Q: Based on the graph below write a sales pitch for the roller coaster.

A: A sales pitch can be defined as a type of speech or a presentation that is used to influence or…

Q: The student develops at least one thorough and detailed recommendation for each ratio that is…

A: The financial performance of a company is a critical aspect of its success. Ratio analysis is a…

Q: We are thinking of opening a small copy shop. It costs us $5000 to rent a copier for a year. It…

A: Input          Rent of per copier  5000 5000 5000 5000 Cost per copy  0.03 0.03 0.03 0.03…

Q: A. You are thinking about opening an oil change shop. Your fixed costs will be $13,000 per month.…

A: a. fixed costs + variable costs=revenues F + V = R$13,000 + $8C = $28C$13,000 = $28C- 8C $13,000 =…

Q: Mention at least 5 specific points from this article

A: This article highlights the importance of new product development for firms and the challenges they…

Q: Use the table provided below showing rooms available, rooms sold and rooms revenue for 7 properties…

A: Find the Given details below: Given Details:   Rooms Available (Supply) Rooms Sold (Demand)…

Q: The Instant Paper Clip Office Supply Company sells and delivers office supplies to companies,…

A: Find the Given Details below: Month Time(x) Orders (y) Jan 1.00 145 Feb 2.00 70 Mar 3.00…

Q: If the mean = 20.3834 standard deviation = 101.53 1. What is the probability that daily demand…

A: Given data:  Mean μ= 20.3834 Standard deviationσ = 101.53

Q: Calculate the mean absolute percentage error (MAPE) for the cost equation you developed above.

A: MAPE stands for mean absolute percentage error. MAPE = (|(actual-forecast)/actual|*100)

Q: is selling Christmas trees. She purchases trees for $10 and sells for $25 each. The number of trees…

A: Below is the solution:-

Q: The entry to record cost of goods sold at the end of the month is a:     Debit to Work in Process…

A: Accurate tracking of inventory and cost of goods sold is essential for businesses to maintain…

Decision Theory in Operations Management

Decision theory, also known as the theory of choice, is a branch of statistics that deals with making decisions based on the probability of the occurrence of an event. The chief purpose of decision theory is to identify the best course of action for the company with maximum payoffs.