An orange juice producer buys oranges from a large orange grove that has one variety of orange. The amount of juice squeezed from these oranges is approximately normally​ distributed, with a mean of 4.40 ounces and a standard deviation of 0.32 ounce. Suppose that you select a sample of 16 oranges.

a. What is the probability that the sample mean amount of juice will be at least 4.27 ​ounces?

b. The probability is 72​% that the sample mean amount of juice will be contained between what two values symmetrically distributed around the population​ mean?

c. The probability is 74​% that the sample mean amount of juice will be greater than what​ value?

Based on experience on average 10 customers enter the store every 30 mins. To verify this assumption, she has recorded the customer's foot traffic for 5 hours.

- run a hypothesis testing to check if the average number of customers per 30 min is greater than 10 customers per 30 min

H₀ = No of customers or 30 min is NOT greater than 10

H₁ = No of customers or 30 min is greater than 10

Q: What is the test statistics of this hypothesis testing? (Based on a significance level of 10%, can we reject the null hypothesis?) And what is the correlation value between number of customers entering the store and number of purchased items?

Company: Walmart grocery

Describe the total market for your solution: Who are potential customers? (ex: “Everyone who ________”). Who are their Target Customers? Be specific including an explanation of the most key segments within this market. Identify and briefly describe at least three target segments that this company serves, being sure to identify them using as many as possible of the target characteristics outlined in the market segmentation module (demographic, geographic, psychographic or behavioral).

Discuss the differences and similarities between these three business forms :

1. Differences and similarities between LLC in USA vs SARL in Lebanon

2. Corporation in USA vs S.A.L in Lebanon

3. General Partnership in USA vs. Unlimited Partnership in Lebanon

1) Which of the following is NOT true for monopoly? A) The profit maximizing output is the one at which marginal revenue and marginal cost are equal. B) Average revenue equals price. C) The profit maximizing output is the one at which the difference between total revenue and total cost is largest. D) The monopolist's demand curve is the same as the market demand curve. E) At the profit maximizing output, price equals marginal cost

In the Trade Talks: When is Tariff Revenue Bad Tax Revenue? excerpts we discussed in class, Dr. Lucie Gadenne discussed the differences between rich and poor countries in regard to tariff use and revenue. Explain how the two types of countries differ in their use and reliance on tariffs. Then explain the recommendation they make for poor countries that would like to open up to free trade. Simplify in 2 sentences.

Define and discuss the relationship between clinical documentation improvement, electronic document management, and revenue cycle management.

compare between the revenue and margin performance, How have gross margin, operating margin, and net income developed in relation to the fluctuations in revenue? for both companies

1)

Auto Wash Bot Ltd.

Income Statement

For the Year Ended December 31, 2015

2)

Popeye’s Muscle Wash Ltd

Income Statement

For the Year Ended December 31, 2015

*Tax rate of 15.5% used.

The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014.

a)

What type of pattern exists in the data?

The time series plot shows an upward curvilinear trend.

The time series plot shows a downward curvilinear trend.     

The time series plot shows a downward linear trend.

The time series plot shows an upward linear trend.

(b)

Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.)

T_t = ____

(c)

What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.)

$ ____ billion

(d)

Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.)

$ ____ billion

A firm is considering three capacity alternatives: A, B, and C. Alternative A would have an annual fixed cost of $100,000 and variable costs of $22 per unit. Alternative B would have annual fixed costs of $120,000 and variable costs of $20 per unit. Alternative C would have fixed costs of $80,000 and variable costs of $30 per unit. Revenue is expected to be $50 per unit.

A) Which alternative has the lowest break-even quantity?

B) Which alternative will produce the highest profits for an annual output of 10,000 units?

C) At what volumes of output would the company be indifferent between each pair of choices?