manager of an automobile dealership is considering a new bonus plan designed to increase sales volume. Currently, the mean sales volume is 24 automobiles per month. The manager wants to conduct a research study to see whether the new bonus p- pases sales volume, To collect data on the plan, a sample of sales personnel will be allowed to sell under the new bonus plan for a one-month period. which form of the null and alternative hypotheses most appropriate for this situation? A is- Select your answer A is -Select youur answer Select the conclusion when Ha cannot be rejected. Select your answer- Select the conclusion when Ho can be rejected. Select your answer

manager of an automobile dealership is considering a new bonus plan designed to increase sales volume. Currently, the mean sales volume is 24 automobiles per month. The manager wants to conduct a research study to see whether the new bonus p- pases sales volume, To collect data on the plan, a sample of sales personnel will be allowed to sell under the new bonus plan for a one-month period. which form of the null and alternative hypotheses most appropriate for this situation? A is- Select your answer A is -Select youur answer Select the conclusion when Ha cannot be rejected. Select your answer- Select the conclusion when Ho can be rejected. Select your answer

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The managers of Vernon Cabins are considering different pricing strategies for year 2. Under the first strategy ("High Price"), they will work to maintain an average price of $260 per night. They realize that this will reduce demand and estimate that the occupancy rate will fall to 65 percent with this strategy. Under the alternative strategy ("High Occupancy"), they will work to maintain the year 1 occupancy rate of 80% by lowering the average price to $215 per night. Under either strategy, Vernon Cabins will close one of the properties. Required: a. Prepare a budgeted income statement for year 2 if the "High Price" strategy is adopted. b. Prepare a budgeted income statement for year 2 if the "High Occupancy" strategy is adopted. c. Which is the correct pricing strategy for year 2. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare a budgeted income statement for year 2 if the High Price strategy is adopted. Note: Do not round…
Soft selling occurs when a buyer is skeptical of the usefulness of a product and the seller offers to set a price that depends on realized value. For example, suppose a sales representative is trying to sell a company a new accounting system that will, with certainty, reduce costs by 10%. However, the customer has heard this claim before and believes there is only a 40% chance of actually realizing that cost reduction and a 60% chance of realizing no cost reduction. Assume the customer has an initial total cost of $500. According to the customer's beliefs, the expected value of the accounting system, or the expected reduction in cost, is ($ ) Suppose the sales representative initially offers the accounting system to the customer for a price of $35.00. The information asymmetry stems from the fact that the (BUYER OR SALES REP) has less information about the efficacy of the accounting system than does the (BUYER OR SALES REP . At this price, the customer (WILL OR WILL NOT)…
Thank you for that, it actually coincides with what I think. However, could you please calculate the breakeven points and give an explanation of what they mean to the director. Also, could you please calculate the sales activity to reach a target profit of 20,000
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(Related to Checkpoint 13.4) (Using break-even analysis) Mayborn Enterprises, LLC runs a number of sporting goods businesses and is currently analyzing a new T-shirt printing business. Specifically, the company is evaluating the feasibility of this business based on its estimates of the unit sales, price per unit, variable cost per unit, and fixed costs. The company's initial estimates of annual sales and other critical variables are shown here: a. Calculate the accounting and cash break-even annual sales volume in units. b. Bill Mayborn is the grandson of the founder of the company and is currently enrolled in his junior year at the local state university. After reviewing the accounting break-even calculation done in part a, Bill wondered if the depreciation expense should be included in the calculation. Bill had just completed his first finance class and was well aware that depreciation is not an actual out-of-pocket expense but rather an allocation of the cost of the printing…
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
An urban transit holds 4000 passengers daily in a big city. The price to ride the transit is $1.50 a person. The CEO realizes that 100 less people ride the bus for each 0.25 increase in price, and 100 more people ride for each $0.25 decrease in price. If the transit can hold 5000 people, what should be the price to produce most revenue possible? Need to state interval. (Business revenue optimization, need equation and test values with test the values, etc and if possible an interval or boundary. I believe a therefore sentence is also required. Didnt use any fancy math methods)
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The Paymore Rental Car Agency rents cars in a small town. It wants to determine how many rental cars it should maintain. Based on market projections and historical data, the manager has determined probability distributions for the number of rentals per day and rental duration (in days only) as shown in the following tables: Number of customers per day Probability 0 .20 1 .20 2 .50 3 .10 Rental duration in days Probability 1 .10 2 .30 3 .40 4 .10 5 .10 Design a simulation experiment for the car agency and simulate using a fleet of four rental cars for 10 days. Compute the probability that the agency will not have a car available upon demand. Should the agency expand its fleet? Explain how a simulation experiment could be designed to determine the optimal fleet size for the Paymore Agency. Use the following random numbers in order (from left to right) for the simulation of number of customers per day: 0.62 0.48 0.96 0.86 0.86 0.29 0.79 0.22 0.08 0.62…
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1) You should only use the past to forecast the future: True False 2) Choose the best answer. 3 uses of forecast and their time frames, Use the system: annually daily/weekly hourly as required monthly 3) Choose the best match. Judgmental methods, Sales force opinions: questionnaires or focus groups technological forecasting use demand for a similar product pool opinions of high-level executives based on direct customer contact 4) Choose the answer with the best match. Elements of a Good Forecast, Timely: The degree of accuracy of the forecast should be stated The forecasting horizon must cover the time necessary to implement possible changes so that its results can be used The units measured should be useful to those using the forecast It should work consistently The benefits should outweigh the costs
A businessman must decide whether to open a new mini grocery branch or simply extend the number of hours of its operation on its existing branch with a payoff of P 150,000. According to his friend, demand at the new location can either be low or high, which the probabilities are estimated to be 0.35 and 0.65, respectively. If a new branch is opened and demand proves to be low, there is no need to operate on a 24-hr basis but instead, they will stick to 12-hrs operation with a payoff of P 100,000 or enhance marketing strategy through advertising. Projected response to advertising may either be favorable or not favorable, with estimated probabilities of 0.40 and 0.60, respectively. If demand is favorable, the payoff grows to P 310,000 and if response is unfavorable, the payoff is P 120,000. The cost of advertising is P45,000. Required: a. Draw a decision tree b. Determine the expected value for each decision and event nodes. c. Which alternative is the best for the…

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