Problem 3: The graph of the cumulative distribution function (CDF) Fy (y) of the discrete random variable Y is depicted below where the numerical value of c is to be determined. Note that P[1.53]. Justify your answer mathematically. Determine the numerical value of P[1
Q: How the cost leadership strategy save cost in supply chain management?
A: The objective of the question is to understand how a cost leadership strategy can lead to cost…
Q: How are globalization and technological advancements the forces that drive growth of services in…
A: Market Expansion Opportunities:Globalization has caused the expansion of new markets and the…
Q: Poor Work Ethics Cripple Productivity15 Feb 2018Poor work ethics has been identified as a leading…
A: The seminar conducted by the Botswana National Productivity Centre (BNPC) in Francistown brought to…
Q: Several hundred Gap stores are located outside the United States; key country markets include…
A: Based on the above explanation, we can target China country for marketing the Apparel's of Gap and…
Q: I established a new company called Sara Company, which sells clothes through online platforms. we…
A: The objective of the question is to design and implement an effective procurement system for Sara…
Q: You wanted to join a booth fair, and you are aiming to get a profit that is twice as your capital.…
A: FINANCIAL PLANProduct: Custom-Made Eco-Friendly Tote BagsDescription of Product: Stylish and…
Q: This week, we talk about consideration set and different interesting effects (e.g., attraction…
A: The article about Starbucks' menu layout highlights six psychological tactics that guide patron…
Q: Which of the following is a benefit of inbound marketing? Builds trust and thought-leadership in the…
A: Correct option Builds trust and thought-leadership in the brand.Inbound marketing is a strategy that…
Q: what is the experience economy according to joe pine , in relation to customer experience ?
A: In the Experience Economy, businesses stage memorable events to engage customers in a personal and…
Q: Learn on the go Open in app Skip to main content EN-US…
A: The research question is 'Which features influence you to purchase a smartphone?' and the hypothesis…
Q: Do Something Original is a “global movement for good” among 6 million young people, transforming…
A: The 'Don’t Be a Sucker' campaign addressed several social impacts. Firstly, it tackled the issue of…
Q: This Louis Vuitton print ad is targeting a consumer that most likely falls into this Maslow’s…
A: Luxury brands, such as Louis Vuitton, operate within a market of people who have satisfied lower…
Q: Make a chart with 7-12 sections describing your targeted market's attributes and segments.
A: Understanding a target market's attributes and segments is crucial for tailoring effective marketing…
Q: Use details, specifics, examples to explain your answer. Write five sentences at a minimum.…
A: In marketing, perceived risk refers to the potential negative outcomes that consumers foresee when…
Q: A new research study is trying to understand how undergraduate students utilize textbooks. Results…
A: The question is asking about the process of changing the data by creating a grouping variable. This…
Q: Text: In 1985, the highly successful iconic Coke soda was taken off the market and replaced with a…
A: The context of the question is based on the marketing strategy of Coca-Cola during the Cola Wars in…
Q: explain the notion of servicescapes in marketing , how it extends to the 3Ps of marketing ( process…
A: Servicescapes are pivotal in the realm of marketing as they encapsulate the physical environment…
Q: Analyse in detail the two factors that promote the expansion of services in international marketing,…
A: To analyze the factors promoting the expansion of services in international marketing, particularly…
Q: Which is not one of the 6 STEPP recommended to help a message on viral on social media according to…
A: Jonah Berger's six STEPPS framework outlines key factors that contribute to making content go viral…
Q: People consume web content very differently now than when blogging began. What is a key determinant…
A: Answer: How Content is Displayed and WrittenThe way content is shown and how it is written are very…
Q: New CEO of GAP, Richard Dickson vision and focus is to reinvigorate the brand’s appeal in an effort…
A: Strategic Plan and Recommendation for GAP's Reinvigoration in the Chinese MarketVisionTo…
Q: 5. An app developer has been offered a contract by a large international bank to design some…
A: Step 1:
Q: Describe in approximately 200 words a corporate scandal and the legal consequences that followed…
A: In the ruthless pursuit of profit, corporations can sometimes stray far from ethical practices. The…
Q: Imagine an Italian restaurant nearby a shopping mall. Assume you are in charge of that store. What…
A: Transporting Guests to Italy: Creating a Memorable Italian Restaurant Atmosphere An opportunity…
Q: Ads on social media platforms are considered peripheral distractions. In contrast, consumers on…
A: 2. **These types of dimensions tend to provide data used to measure performance and highlight…
Q: es/1527/quizzes/19088/take Question 16 र BAN 10 pts Short Answer Question: Your response should be…
A: In the context of a business, a resource refers to the assets that a company possesses. These can be…
Q: 60 seconds elevator pitch on how to open a water refilling station.
A: Introduction:Searching for a business opportunity that offers potential for sustained growth while…
Q: The pursuit of competitive advantage requires a strategist to discover or build a company’s core…
A: Mc Kinsey & Company, the top global management firm, absolutely underlines the key condition of…
Q: Which of the following is NOT traditionally a goal of a website? Generating traffic Driving…
A: 1. Keeping visitors as long as possible is not traditionally a primary goal of a website. The main…
Q: 2. Suppose f(x)=7x-2 is a function. Find the domain and range of f(x).
A:
Q: Identify two major diversity issues being faced by Hinchcliffe Cards
A: Workforce diversity is the aspect of the organization that focuses on managing the diversity in the…
Q: ometimes marketers seem to stick with the same packaging ideas year after year regardless of whether…
A: The Marketing Mix is the aspect of marketing management that includes various aspects like products…
Q: I need typing clear urjent no chatgpt use i will give 5 upvotes
A: Assuming demand curve D constant. The increase in wages, the firm is willing and able to sell 150…
Q: What type of analysis is used to identify patterns in past data to forecast future outcomes? A.…
A: Predictive analytics is the type of analysis involved in using past data to uncover patterns for…
Q: Which of the following statements about Product Life Cycle theory is NOT true? When a company…
A: About The Product Life Cycle concept-The Product Life Cycle( PLC) refers to the stages a product…
Q: 10:50 A ccdc.instructure.com The nonverbal messages we send about our use of "space" Question 3 1…
A: Factual messages only describe what can be seen, heard, felt, touched or tasted. Factual messages…
Q: According to the textbook, personal social media accounts are often provided with access to social…
A: Both in our personal lives and in our professional lives, social media has developed into an…
Q: Social Media Marketing Engaging with consumer base is a vital part of social media management.…
A: In the modern digital era, social media has become an essential component of marketing strategies…
Q: Multichoice as an organisation is involved in various corporate social initiatives (e.g. Let’s Play,…
A: Community as an External Stakeholder: The community is a pivotal external stakeholder for…
Q: How openion leader should affect a firm's promotional planning?
A: Nowadays, social networks and online platforms are a key figure in people's social media life. The…
Q: A new shoe production line is being designed at a cost of $293,000 and operating costs are expected…
A: Approach to solving the question:For salvage value, the formula is S = P- ( I * Y )WhereS = Salvage…
Q: Here are two interesting articles about storytelling in marketing…
A: Storytelling has always been a powerful tool in marketing, but in today's digital age, it has become…
Q: I need typing clear urjent no chatgpt use i will give 5 upvotes
A: Step 1: Given D1=27cmD2=13cmP1=194kPa.(gage)Q=4000gal/min=60(264.172)4000=0.2524m3/sAt 20oC ,…
Q: The Word-of-Mouth Marketing Association announced a set of rules and guidelines for word-of-mouth…
A: In the ever-evolving landscape of marketing, word-of-mouth advertising remains a powerful tool for…
Q: Balance the equation. Fill in the blank. If a coefficient is 1, write a 1 (i.e. do not leave it…
A:
Q: A) Define risk maturity and describe the level which an organization of your choice has attained…
A: Risk maturity refers to an organization's capability in effectively identifying, assessing,…
Q: Find the approximate z-value to a cumulative probability of 0.99 using interpolation. 4 decimal…
A: Here's how to find the approximate z-value using interpolation: Concepts:Standard Normal…
Q: Here are some articles about how marketers use Maslow's hierarchy of needs theory in practice.…
A: Maslow's Hierarchy of Needs is a powerful tool for understanding human motivation, and its…
Q: Describe a time when you had to work with a difficult team member. What actions did you take to…
A: Situation: In a group project to develop a website for a client, I worked with a team member who was…
Q: Consider how the information available on food labels and your knowledge of MyPlate actually affects…
A: Answer well explained above
Step by step
Solved in 2 steps
- The annual demand for Prizdol, a prescription drug manufactured and marketed by the NuFeel Company, is normally distributed with mean 50,000 and standard deviation 12,000. Assume that demand during each of the next 10 years is an independent random number from this distribution. NuFeel needs to determine how large a Prizdol plant to build to maximize its expected profit over the next 10 years. If the company builds a plant that can produce x units of Prizdol per year, it will cost 16 for each of these x units. NuFeel will produce only the amount demanded each year, and each unit of Prizdol produced will sell for 3.70. Each unit of Prizdol produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. a. Among the capacity levels of 30,000, 35,000, 40,000, 45,000, 50,000, 55,000, and 60,000 units per year, which level maximizes expected profit? Use simulation to answer this question. b. Using the capacity from your answer to part a, NuFeel can be 95% certain that actual profit for the 10-year period will be between what two values?Dilberts Department Store is trying to determine how many Hanson T-shirts to order. Currently the shirts are sold for 21, but at later dates the shirts will be offered at a 10% discount, then a 20% discount, then a 40% discount, then a 50% discount, and finally a 60% discount. Demand at the full price of 21 is believed to be normally distributed with mean 1800 and standard deviation 360. Demand at various discounts is assumed to be a multiple of full-price demand. These multiples, for discounts of 10%, 20%, 40%, 50%, and 60% are, respectively, 0.4, 0.7, 1.1, 2, and 50. For example, if full-price demand is 2500, then at a 10% discount customers would be willing to buy 1000 T-shirts. The unit cost of purchasing T-shirts depends on the number of T-shirts ordered, as shown in the file P10_36.xlsx. Use simulation to determine how many T-shirts the company should order. Model the problem so that the company first orders some quantity of T-shirts, then discounts deeper and deeper, as necessary, to sell all of the shirts.Although the normal distribution is a reasonable input distribution in many situations, it does have two potential drawbacks: (1) it allows negative values, even though they may be extremely improbable, and (2) it is a symmetric distribution. Many situations are modelled better with a distribution that allows only positive values and is skewed to the right. Two of these that have been used in many real applications are the gamma and lognormal distributions. @RISK enables you to generate observations from each of these distributions. The @RISK function for the gamma distribution is RISKGAMMA, and it takes two arguments, as in =RISKGAMMA(3,10). The first argument, which must be positive, determines the shape. The smaller it is, the more skewed the distribution is to the right; the larger it is, the more symmetric the distribution is. The second argument determines the scale, in the sense that the product of it and the first argument equals the mean of the distribution. (The mean in this example is 30.) Also, the product of the second argument and the square root of the first argument is the standard deviation of the distribution. (In this example, it is 3(10=17.32.) The @RISK function for the lognormal distribution is RISKLOGNORM. It has two arguments, as in =RISKLOGNORM(40,10). These arguments are the mean and standard deviation of the distribution. Rework Example 10.2 for the following demand distributions. Do the simulated outputs have any different qualitative properties with these skewed distributions than with the triangular distribution used in the example? a. Gamma distribution with parameters 2 and 85 b. Gamma distribution with parameters 5 and 35 c. Lognormal distribution with mean 170 and standard deviation 60
- Suppose you have invested 25% of your portfolio in four different stocks. The mean and standard deviation of the annual return on each stock are shown in the file P11_46.xlsx. The correlations between the annual returns on the four stocks are also shown in this file. a. What is the probability that your portfolios annual return will exceed 30%? b. What is the probability that your portfolio will lose money during the year?4. Explain how the logit model overcomes the problems associated with the Linera Probability Model in binary dependent variaraile model.A careful analysis of the cost of operating an automobile was conducted by accounting manager Dia Bandaly. The following model was developed: y = 3,600+ 0.16x, where y is the annual cost and x is the miles driven. a) If the car is driven 15,000 miles this year, the forecasted cost of operating this automobile = $ b) If the car is driven 26,000 miles this year, the forecasted cost of operating this automobile = $ (enter your response as a whole number). (enter your response as a whole number).
- The members of a private golf club have handicaps that are normally distributedwith mean 15 and standard deviation 3.5. In a particular event, foursomes are chosen by grouping four players chosen at random from the club. The handicap of thefoursome is the arithmetic average of the handicaps of the four players comprisingthe foursome. In what proportion of the foursomes will the handicap of the foursome be less than 10 or more than 20? (Hint: The standard deviation of the average of four independent identically distributed random variables is exactly half thestandard deviation of one of them.)A manager at Symbic Inc. plotted the company's total energy costs of 1 billion dollars over the past 10 years on a chart. The chart suggested that the energy costs appear to be increasing in a fairly predictable linear fashion and that the energy costs are related to time by a linear function Yt = 3 + 5t, where Yt represents the estimate of the energy cost in year t. Given the equation, which of the following is the value of the intercept of the straight line that best fits the time series? a. 10 b. 1 c. 5 d. 3What is the implication of a data distribution with mean, median and mode being approximately equal? Group of answer choices 1. The spread in the data are equal 2. The data are unstable 3. The data can not be plotted using a Histogram 4. The data are normally distributed 5. The data can not be plotted using a Box Plot
- A and b pleaseWhich of the three variables in Little's law do you believe is the most difficult to estimate in general (and why)?Yearly Sales data for a product is given in Table SS Table SS (Yearly Sales) Sales (S) P(S) 120 0.12 140 0.25 160 0.17 180 0.25 200 0.09 220 0.12 Using the data in Table SS and the random numbers, 0.06, 0.10, 0.87, 0.14, 0.86, 0.32 the correct simulation of sales for 6 years is given by which of the following: IV 120 140 200 II II 120 120 120 200 120 120 120 200 200 140 180 180 140 200 140 140 180 180 140 140 140 Select one: O a. l O b. II Oc. II O d. IV 10:47 AM Ca D) ENG 12/16/2021 29°C