Wegmans food stores conducted a study to see how many customers will return to the same store in the future. The study showed that 40% of the customers visiting a specific store will return in the future to the same store. Suppose seven customers are selected at random, what is the probability that:
(a) Exactly four customers will return?
(b) All seven customers will return?
(c) At least six customers will return?
(d) At least one customer will return?
(e) How many customers would be expected to return to the same store?
In: Statistics and Probability
Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 13.2305 interest rate.
|
EOY |
Alternative 1 |
Alternative 2 |
|
0 |
- 20,286 |
- 40,370 |
|
1 |
3,741 |
1,000 |
|
2 |
3,741 |
1,800 |
|
3 |
3,741 |
2,600 |
|
4 |
3,741 |
3,400 |
|
5 |
3,741 |
4,200 |
|
6 |
5,000 |
|
|
7 |
5,800 |
|
|
8 |
6,600 |
In: Accounting
Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 15.2628 interest rate.
|
EOY |
Alternative 1 |
Alternative 2 |
|
0 |
- 24,423 |
- 48,780 |
|
1 |
2,729 |
1,000 |
|
2 |
2,729 |
1,800 |
|
3 |
2,729 |
2,600 |
|
4 |
2,729 |
3,400 |
|
5 |
2,729 |
4,200 |
|
6 |
5,000 |
|
|
7 |
5,800 |
|
|
8 |
6,600 |
In: Finance
Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 13.2305 interest rate.
|
EOY |
Alternative 1 |
Alternative 2 |
|
0 |
- 20,286 |
- 40,370 |
|
1 |
3,741 |
1,000 |
|
2 |
3,741 |
1,800 |
|
3 |
3,741 |
2,600 |
|
4 |
3,741 |
3,400 |
|
5 |
3,741 |
4,200 |
|
6 |
5,000 |
|
|
7 |
5,800 |
|
|
8 |
6,600 |
In: Economics
Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 14.7914 interest rate.
|
EOY |
Alternative 1 |
Alternative 2 |
|
0 |
- 20,301 |
- 58,577 |
|
1 |
2,706 |
1,000 |
|
2 |
2,706 |
1,800 |
|
3 |
2,706 |
2,600 |
|
4 |
2,706 |
3,400 |
|
5 |
2,706 |
4,200 |
|
6 |
5,000 |
|
|
7 |
5,800 |
|
|
8 |
6,600 |
In: Economics
Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 10.8354 interest rate.
|
EOY |
Alternative 1 |
Alternative 2 |
|
0 |
- 20,369 |
- 56,679 |
|
1 |
3,844 |
1,000 |
|
2 |
3,844 |
1,800 |
|
3 |
3,844 |
2,600 |
|
4 |
3,844 |
3,400 |
|
5 |
3,844 |
4,200 |
|
6 |
5,000 |
|
|
7 |
5,800 |
|
|
8 |
6,600 |
In: Economics
Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 15.9081 interest rate.
|
EOY |
Alternative 1 |
Alternative 2 |
|
0 |
- 23,285 |
- 40,075 |
|
1 |
3,963 |
1,000 |
|
2 |
3,963 |
1,800 |
|
3 |
3,963 |
2,600 |
|
4 |
3,963 |
3,400 |
|
5 |
3,963 |
4,200 |
|
6 |
5,000 |
|
|
7 |
5,800 |
|
|
8 |
6,600 |
In: Economics
Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are
Philadelphia and New York.
The factor ratings (higher scores are better) for the two cities are given in the following table.
|
Factor |
Weight |
PhiladelphiaPhiladelphia |
New YorkNew York |
|
Customer convenience |
0.25 |
75 |
75 |
|
Bank accessibility |
0.20 |
40 |
85 |
|
Computer support |
0.20 |
90 |
70 |
|
Rental costs |
0.15 |
85 |
50 |
|
Labor costs |
0.10 |
80 |
50 |
|
Taxes |
0.10 |
90 |
55 |
Based on the given information, the best location for Northeastern Insurance Company to open the office is
____________
with a total weighted score of
___________.
(Enter your response rounded to two decimal places.)
In: Operations Management
|
Allocation of support departments |
S1 |
S2 |
P1 |
P2 |
|
|
S1 |
- |
10% |
40% |
50% |
|
|
S2 |
20% |
- |
50% |
30% |
|
|
Direct costs |
£4,500 |
£8,000 |
£10,000 |
£15,000 |
Required:
|
a. |
Prepare a schedule allocating the support department costs to the producing departments using the direct allocation method. |
|
b. |
Prepare a schedule allocating the support department costs to the producing departments using the sequential allocation method. |
In: Accounting
|
Allocation of support departments |
S1 |
S2 |
P1 |
P2 |
|
|
S1 |
- |
10% |
40% |
50% |
|
|
S2 |
20% |
- |
50% |
30% |
|
|
Direct costs |
£4,500 |
£8,000 |
£10,000 |
£15,000 |
Required:
|
a. |
Prepare a schedule allocating the support department costs to the producing departments using the direct allocation method. |
|
b. |
Prepare a schedule allocating the support department costs to the producing departments using the sequential allocation method. |
In: Accounting