The new business venture, Best-In-World, has been manufacturing technology devices for over 20 years and is considering adding a new technology device to its musicline. They have an established reputation for building quality devices, but they are rather novice in the music industry. The Chief Innovation and Design Officer, JulieNaugle-Hall, is tasked with hiring a marketing firm to conduct a survey to determine the feasibility and demand for their new music device. The follow decision tableillustrates the potential payoffs for a high demand, moderate demand and low demand for the new music device. The decision will be whether to start production on thisnew device in small scale, large scale or not at all.AlternativesAnswerSmall-scale productionLarge-scale productionNo productionProbabilitiesStep 2 of 3: What is the Expected Value with Perfect Information?$Decision TableHigh Demand900,0001,500,00000.25State of NatureModerate Demand200,000500,00000.35Low Demand-700,000-1,000,00000.40TablesKeypadKeyboard Shortcuts

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Answered: The new business venture,…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Coconut groove claims it's still the best in Ghana despite stiff competition from fiesta royal, La palm and others. It has embarked on a price restructuring and adverts to boost demand for the coming year. It has a number of meals served which is regressed against average price per meal( P in GHS), Competitors price( P in GHS ), adverts in each outlet immediate service area (A in GHS), the average income per household in each outlet service area (Y in GHS). Use this information to answer the questions below. Q P PC A Y Q 1.00 P -0.73 1.00 PC 0.41 -0.11 1.00 A 0.31 -0.08 0.43 1.00 Y 0.38 0.03 -0.19 -0.20 1.00 1. Which three pairs of variables are perfectly correlated. 2. Which the three pairs of variables are maybe mostly strongly correlated with the response variable. 3. Which three pairs of variables I may be mostly multicollinear. 4. Which three pairs of variables are least multicollinear. 5. Which three pairs of variables are…
What is a most effective teaching strategy?
Compare the primary types of forecasting methods used to determine demand.
Briefly explain how the organization forecast sales for its products.a. Using historical sales data, choose a quantitative technique to forecast sales for thatorganisation for the next sales period. Comment on the appropriateness of thetechnique used.b. Describe three strategies that the organization uses to compete and comment on theappropriateness of these strategies
Total DVD and Blu-ray disc sales in 2009 were $8.72 billion. For the purposes of this problem, you will combine DVD and Blue-ray disk sales into one category of DVD sales. A study by In-Stat predicted that "physical disc sales will decline by $4.7 billion by 2014," and that "streaming, on the other hand, should grow from its current $2.2 billion to $6.3 billion over the same time period (2009–2014). d. Write an equation that represents the linear model for streaming videos. Let S = the total sales of streaming videos in billions of dollars, and t = the number of years after 2009. e. In what year do the models predict streaming video sales to exceed DVD sales?
The marketing manager of "ABC Tapes" wants to assess the competitiveness of the company's product in the market. Table 1 represents the prices and quantities of blank cassette tapes sold in January 2016 and January 2020. TABLE 1 2016 2020 Length of tapes Price Quantity Price Quantity 30 minutes R 4.00 32 R 5.60 40 60 minutes R 4 30 150 R 6.15 190 90 minutes R 4.60 100 R 7.40 130 Using 2016 as base and calculate for 2020 the following: Determine the Laspeyres price index: a) 149.492 Ob) 149.367 Oc) 66.949 d) 66.893
The stacked column graph below shows additional information from the Bureau of Labor Statistics¹ about employment and education for two groups of workers in the United States compared with the graph discussed in the in-class activity. This graph includes data about workers aged 65 and older. Percentage Employment distribution of workers by education 1997 and 2007 2007 Age 65 and older Pocholode higher's degree. college or associate graduates college mless than a high school. diploma Part A: Use the graph to estimate the following information for the Age 65 and older group and complete the following table. 2007 Age 65 and older 1997 % % % % % % Bachelor's degree or higher Some college or associate degree High school graduates, no college % % Less than a high school diploma % AP % Total
Exercise 2. Use the final project data to complete the following questions. Collaborate with your project partners and produce the Excel outputs for the first analysis listed on the project guidelines below. Read and follow the instructions carefully. The Excel outputs such as tables, graphs, summary statistics produced by using Excel. All statistics should not have more than 2 decimal places. All Excel outputs (such as graphs and summary statistics) for each related analysis must be fitted in one sheet. 2. To analyze the total number of items purchased, construct an ungrouped frequency distribution, graph, and find the summary statistics by each type of customer (regular/promotion). Label the graphs completely. Describe the shape of the distribution for each type of customer and discuss similarities or differences by interpreting the graphs and summary statistics. What can you conclude? 3. To analyze customer age, construct a frequency distribution, graph, and find…
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Over the years the U.S. grocery distribution and sales industry has grown. Today, the total industry sales are in the billions of dollars. Major retailers, such as Walmart and Target, added food to complement their merchandise sales and Amazon recently purchased Whole Foods. For many companies, forecasts of industry sales are necessary information to plan for short- and long-term decisions. Using the total U.S. grocery store annual sales in millions of dollars (https://www.census.gov/retail/index.html#mrts) in the following table, respond to the following items.

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