1. The management of a supermarket wants to adopt a new promotional policy of giving a...

1. The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends more than a certain amount per visit at this supermarket. The expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $100 and a standard deviation of $25. If the management wants to give free gifts to at most 2.5% of the customers, what should the amount be above which a customer would receive a free gift? Round your answer to the nearest two decimal places.

The Red Cross honors and recognizes its best volunteers from time to time. One of the Red Cross offices has received 10 nominations for the next group of 4 volunteers to be recognized. 5 of these 10 nominated volunteers are females. If the Red Cross office decides to randomly selected 4 names out of these 10 nominated volunteers, find the probability, rounded to four decimal places, that of these 4 volunteers exactly 1 is female.

Expert Solution

orchestra answered 1 year ago

1. A local supermarket in Macau wants to set up a new distribution center. The following...

1. A local supermarket in Macau wants to set up a new distribution center. The following table shows the locations of the existing branches (in terms of coordinates) and the corresponding weekly delivery. What is the location of the new distribution center which can minimize the overall delivery cost? Branch X Y Weekly delivery A 1 5 6 B 4 3 14 C 5 4 14 D 10 1 10 E 8 5 8 F 6 9 12 G 4...

4. The board wants to adopt a restrictive short-term financial policy to improve on its cash...

4. The board wants to adopt a restrictive short-term financial policy to improve on its cash management. Identify three aspects of restrictive short-term financial policy the company should consider.

Discuss the importance of establishing an effective risk management policy in an insurance company giving one...

Discuss the importance of establishing an effective risk management policy in an insurance company giving one example of a risk management strategy used by insurance companies.

Suppose the state of new york implemented a new policy giving free college tuition to all...

Suppose the state of new york implemented a new policy giving free college tuition to all students who scored above 1400 on the SAT. NYS has asked you to use the results of this program to measure the effect of a college education on earnings. 1.In general, why is it econometrically challenging to measure the returns to schooling? 2.What method could you use to answer this question? In a few sentences,what is the basic intuition for how the method works?

1. a) Walker & Campsey wants to invest in a new computer system, and management has...

1. a) Walker & Campsey wants to invest in a new computer system, and management has narrowed the choice to Systems A and B. System A requires an up-front cost of $125,000, after which it generates positive after-tax cash flows of $80,000 at the end of each of the next 2 years. The system could be replaced every 2 years, and the cash inflows and outflows would remain the same. System B also requires an up-front cost of $125,000, after...

Question 1: The manager at the supermarket wants to decrease the lot size without increasing the...

Question 1: The manager at the supermarket wants to decrease the lot size without increasing the costs he incurs. What actions can he take to achieve his objective? When are quantity discounts justified in a supply chain? Question 2: Explain how a reduction in lead time can help a supply chain reduce safety inventory without hurting product availability. Describe the two types of ordering policies and the impact that each of them has on safety inventory. Question 3: Consider two...

The manager of a supermarket chain wants to determine if the location of the product -...

The manager of a supermarket chain wants to determine if the location of the product - where it is to be displayed - has any effect on the sale of a pet toys. Three different aisle locations are to be considered: the front of the aisle, the middle of the aisle, or the rear-aisle. Twenty-one stores are randomly selected, with 7 stores randomly assigned to sell the pet toy at the front-aisle, the middle-aisle, and the rear-aisle. Front Middle Rear...

Subject: Innovation and technology management When new technologies arrive, only a few customers adopt such technologies....

Subject: Innovation and technology management When new technologies arrive, only a few customers adopt such technologies. A large number of customer remain sceptical about the product. The cost of the new technology remain high. As a result it take long time for the businesses to focus on the new technology until the dominant design comes and the price become affordable by the large number of consumers. From your point of view, what might be the reasons established firms might resist...

Wendy’s is offering a new Wolfburger as a promotional tie-in for the new sequel in the...

Wendy’s is offering a new Wolfburger as a promotional tie-in for the new sequel in the Twilight motion picture series, and wonders how much they should charge. It test-markets five different prices in the cities listed below, with the listed resultant sales (in thousands of dollars): City Sales($000s) Price($) Price2 Sales2 Price*Sales Rochester 75 0.99 0.98 5625.00 74.3 Ottumwa 70 1.29 1.66 4900.00 90.3 Seattle 45 1.49 2.22 2025.00 67.1 Raleigh 33 1.89 3.57 1089.00 62.4 Denair 42 2.19 4.80...

The management of a firm wants to introduce a new product. The product will sell for...

The management of a firm wants to introduce a new product. The product will sell for $4 a unit and can be produced by either of two scales of operation. In the first, total costs are TC = $4,000 + $2.6Q. In the second scale of operation, total costs are TC = $6,520 + $2.0Q. What is the break-even level of output for each scale of operation? Round your answers to the nearest whole number. The first scale of operation:...

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