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- Q)Examples of risk management on business.Q4Q1. Dallas Mavericks’ owner Mark Cuban proved his business intelligence once again with the acquisition of star player Kristaps Porzingis. To benefit from this blockbuster trade even further, Cuban plans to sell one-time-only special edition Porzingis jerseys at a price of $380 each during the first month of the season (i.e., during October 2019 only). The production cost for each of these jerseys would be $100 thanks to their golden details, and any unsold jersey during October will be sold for $80 during November 2019. Knowing the fan base for years, Cuban estimates demand for these special edition jerseys to follow a normal distribution with a mean of 10,000 units and a standard deviation of 2,000. partc. Cuban also plans to sell these special edition jerseys in his vacation resort. Knowing that people are wealthier in the resort, he sets a price of $500 for each jersey (although production cost stays the same). This time however, he cannot sell any unsold jerseys outside the…
- SUBJECT: Fundamentals of Business Analytics How does analytics be useful in the sector of: A. TourismB. AgricultureC. EconomicsQUESTION 1 Kofi Kwakye is a 17-year old final year Senior High student from a wealthy home. His academic life had been quite eventful, as he had been part of the top 10 students in his class and had dropped to be part of the last 10 students during the past school term. On 28th May 2022, in the heat of the preparation towards the final examination, Kofi Kwakye took exeat from school to acquire some "provisions" to enable him cope during the final exam period, which was three months ahead. He entered a shop in Accra and, instead of focusing on the "provisions", he purchasee the following items: Microsoft Xbox, the latest iPhone, and a three-piece suit by Pierre Cardin. Kofi Kwakye did not have enough money to pay for all the items at once. He, therefore, agreed with the shop owner, Mr. Ametepe, to pay the outstanding amount owed in five instalments. However, after paying the first instalment, Kofi Kwakye fell into arrears. The two parties then entered into another arrangement under…Graphical Method
- Table Q4. Average monthly discharge of Athi River City, m³/s Year Jan Feb Mar 1987 2.92 5.10 1.95 Apr 4.42 May Jun 3.31 2.24 Jul Aug 1.05 Sep 0.74 1.02 Oct Nov Dec 1.08 3.09 7.62 2 1988 24.3 11.5 17.2 12.6 7.28 7.53 3.03 10.2 10.9 17.6 16.7 3 1989 15.3 13.3 14.2 36.3 13.5 3.62 1.93 1.83 1.93 4 1990 11.5 4.81 8.61 27.0 4.19 2.07 1.15 2.04 5 1991 11.1 7.90 41.1 6.77 8.27 4.76 2.78 2.10 1.70 1.44 4.02 3.29 5.98 12.7 3.12 2.97 4.45 4.45 3.03 12.2 7.22 1.98 6 1992 2.92 5.10 28.7 0.91 0.67 1.33 2.38 2.69 3.03 7 1993 7.14 10.7 9.63 21.1 10.2 5.13 3.03 10.9 3.12 2.61 3.00 3.82 14.0 14.2 8 1994 4.96 7.36 47.4 29.4 2.29 1.70 1.56 1.56 2.04 2.35 9 1995 2.89 9.57 17.7 16.4 6.83 3.74 1.60 1.13 1.13 1.42 1.98 2.12 24.7 10 1996 1.78 1.95 7.25 6.26 8.92 3.57 1.98 1.95 3.09 3.94 12.7 11 1997 13.8 6.91 12.9 11.3 3.74 1.98 1.33 1.16 0.85 2.63 6.49 5.52 12 1998 4.56 8.47 59.8 9.80 6.06 5.32 2.14 1.98 2.17 3.40 8.44 11.5 13 1999 13.8 29.6 38.8 13.5 37.2 22.8 6.94 3.94 2.92 2.89 6.74 3.09 14 2000 2.51 13.1…PROBLEM 8 Jim Huang and Roderick Wheeler were sales representatives in a computer store at a shopping mall in Arlington, Virginia, when they got the idea of going into business in the burgeoning and highly competitive microcomputer market. Jim went to Taiwan over the summer to visit relatives and made a contact with a new firm producing display monitors for microcomputers, which was looking for an East Coast distributor in America. Jim made a tentative deal with the firm to supply a maximum of 500 monitors per month and called Rod to see if he could find a building they could operate out of and some potential customers. Rod went to work. The first thing he did was send bids to several universities in Maryland, Virginia, and Pennsylvania for contracts as an authorized vendor for monitors at the schools. Next, he started looking for a facility to operate from. Jim and his operation would provide minor physical modifications to the monitors, including some labeling,…DQ 4.4The professional logistics manager must develop a knowledge base that is integrated with other disciplines, one of which is information management. Based on what you learned from the readings in this module, explain how you can justify the costs of having RFID technology incorporated into your small business logistics firm. In addition, if costs are too high, describe how you would justify outsourcing the RFID requirement to another firm as a subcontractor for your company.For an example, you observe a commercial shipping container that was delivered to your company. On the outside of the container is an RFID tag. You can scan the RFID tag on the container and identify what is inside the container. You can also open the container and find eight packages with bar codes. Since we are professional logistics managers, we must consider costs associated with the RFID technology in our company.