Drew Rosen Corp owns factories in three towns, which distribute to three retail locations. The following table summarizes factory availabilities, projected store demands, and unit shipping costs. What is the resultant lowest dollar cost.
| Decatur | Minneapolis | Carbondale | Dummy | Supply | |
| Blue Earth | 20 | 17 | 21 | 250 | |
| Ciro | 25 | 27 | 20 | 200 | |
| Des Moines | 22 | 25 | 22 | 350 | |
| Demand | 300 | 200 | 150 | 150 | 800 \ 800 |
| Shipments | |||||
| Decatur | Minneapolis | Carbondale | Dummy | Row Total | |
| Blue Earth | |||||
| Ciro | |||||
| Des Moines | |||||
| Totals | 0 \ 0 |
a. 17500
b. 14687
c. 15262
d. 12900
In: Statistics and Probability
|
Nonsmokers |
Smokers |
Quitters |
|
19 |
26 |
37 |
|
23 |
29 |
32 |
|
17 |
22 |
27 |
|
20 |
30 |
41 |
|
26 |
23 |
38 |
What are the means for the three groups? Compute the sums of squares, degrees of freedom, and mean squares for these data. What is value of F? Using an alpha of .05, is the F statistically significant? Describe the results of the analyze.
In: Statistics and Probability
10 points
QUESTION 9
True
False
10 points
QUESTION 10
|
The use of big data helps in marketing decision making because it keeps marketing information more “pure” by eliminating other business units from the marketing decision-making process. |
||
|
Big data can help firms react to market conditions more quickly, leading to optimized pricing practices. |
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|
Data science has helped simplify promotional decisions because it has shown that simple promotions reaching large audiences work the best. |
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|
Real-time inventory management often helps marketers plan promotional campaigns that are more effective. |
||
|
Big data has been useful in determining what other companies a firm should merge with to be a more effective marketer. |
10 points
QUESTION 11
|
The firm’s efforts in creating and placing television and print advertising |
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Creating content for and monitoring consumer actions on the firm’s social media platforms, such as Facebook and Twitter |
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|
Efforts of the firm to capture consumers no matter where they are |
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|
Ensuring that consumers can find the firm when they search for information on products and services |
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|
Creating display advertising, finding websites on which to place such advertising, and ensuring that inquiries made from such advertising are responded to properly. |
10 points
QUESTION 12
|
Customers acquired through word-of-mouth avenues are worth twice as much as are those attracted through other channels. |
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|
According to Intuit co-founder Scott Cook, “A brand is no longer what we tell the consumer it is—it is what consumers tell each other it is.” |
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|
Social interactions contribute to the retention of existing customers. |
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|
All of these factors correctly explain the importance of social media for marketers. |
||
|
McKinsey and Company estimates that between 20% and 50% of all purchases are driven primarily by word-of-mouth recommendations. |
In: Operations Management
Aircraft companies had very difficult times during the pandemic period. AHL, and OA have created some advantages for their loyal customers, especially for the Istanbul-Ankara flight. AHLprovides 900 points (flight miles) for each flight to its customers flying from Istanbul to Ankara. However, it gives 1000 (flight miles) extra points to more than 3 flights and 1350 (flight miles) to more than 6 flights within three months. While OA gives 1200 points (flight miles) for each flight, it gives 1500 (flight miles) extra points for every 5 flights within three months. While the ticket price of AHL company in Istanbul-ankara is 800 TL, the ticket price of OA is 600 TL.
For a person who wants to make an Istanbul-ankara flight 60 times in the next twelfe months, please create an integer programming model to maximize flight miles.
In: Physics
Warehousing Corp. owns a large warehouse that can be subdivided into numerous subsections by inserting removable wall. It leases out different portions of storage space to its customers based on their needs.
Manufacturing Corp. contracts with Warehousing Corp. to reserve 1,000 square feet of space to store excess inventory for a three-year period. The contract specifies that Manufacturing Corp.’s inventory will be stored in an identified location in the warehouse. However, Warehousing Corp. has the right to shift Manufacturing Corp.’s inventory to another location within its warehouse at its discretion, subject to the requirement to provide 1,000 square feet for the three-year period.
Warehousing Corp. frequently reorganizes its space to meet the needs of new contracts. The cost of relocating is low compared to the benefits of being able to accommodate as many customers as possible in the warehouse.
Does the contract explicitly or implicitly identify an asset to be used to fulfill the contract?
In: Finance
Freight claims processing can be a significant activity for organizations making frequent shipments, and effective handling of freight claims can be an important part of customer satisfaction from both the carriers’ and shippers’ viewpoints. There are three customers for the claims process that must also deal with the result of freight loss, damage, or delay.
Please respond to the following questions with your initial post to the discussion board.
You may wish to provide actual or hypothetical examples.
In: Operations Management
Gobblers, a small midwestern clothier, is considering
fabricating a new line of men's pants. It needs some help
understanding its current male customer base in order to better
assess what sizes of pants to offer. The firm presently has
demographic data on all 5,000 of its male customers. It has found
that the average weight of all its male customers is 195 lbs with a
standard deviation of 20 pounds. In addition, the average weight
has been found to be normally distributed. Listed below you will
find weight information on just 20 randomly sampled customers.
Customer Weight 1 200 lbs 2 225 3 180 4 197 5 186 6 239 7 167 8 143
9 242 10 194 11 201 12 185 13 184 14 178 15 181 16 210 17 203 18
194 19 212 20 207
5.) Based upon the population data, what percentage of customers
would be expected to weigh above 230 pounds? 6.)Basd upon the
population data what is the weight value that you would expect 25
percent of the customers to exceed? 7.) Based upon the population
data what is the weight level that you would expect 90% of the
customers to exceed? 8.)based upon the population data what
percentage of customers would be expected to weigh between 170 and
230 lbs?
In: Statistics and Probability
Cutting Edge Pharmaceuticals Pty Ltd (a monopoly firm) has the following demand (average revenue) function:
AR = 100 – Q
The marginal cost of production is given as constant and equal to
$10.
a) What is the equation for the MR function? In showing this equation for the MR function explain the relationship between average revenue and marginal revenue. Determine the profit-maximizing level of output of the firm
b) What is the equilibrium monopoly price set by the firm and what will be the monopoly profit earned?
c) Illustrate the market demand and marginal cost, the average cost of this firm as well as, profit-maximizing price quantity and profit level on a diagram
In: Economics
An emergency service wishes to see whether a relationship exists between the outside temperature and the number of emergency calls it receives for a 7-hour period. The data are shown.
Temperature x :68 74 82 88 93 99 101
No. of calls y : 7 4 8 10 11 9 13
a) Draw the scatter plot for the variables.
b) Compute and explain the correlation coefficient in terms of the question provided.
c) Test the significance of the correlation coefficient at ? =0.05. Show all steps of
the hypothesis test.
d) What percent of the variability is accounted for by the relationship between the two
variables?
e) What would be the slope and y-intercept for a regression line based on this data?
Write the regression line also.
f) Draw the regression line on the scatterplot from part a.
g) What is the coefficient of non-determination?
h) Find y’ when x =80 F.
i) Run the regression analysis in R using the lm function and report the R output.
In: Statistics and Probability
"Correlation/Regression QA"
A professor wants to determine the relationship between
Middleterm Scores (X) and Final Scores (Y). The professor
correlates the MiddleTerm Scores (X) with the Final Scores (Y) for
all of his students. The data are presented below.
MiddleTerm Scores:
92, 91, 90, 89, 88, 87, 86, 85, 83, 81, 80, 80
Final Scores:
88, 87, 84, 84, 76, 75, 73, 72, 73, 74, 68, 82
16)What is the relationship between MiddleTerm Scores and Final Scores (Round to two decimal places)
19)What is the value of the observed test statistic (t) used to determine whether this relationship is significantly different from zero (Round to two decimal places)?
20) Assuming that you want to minimize the probability of a Type I Error of the test and are interested in whether the relationship is positive or negative, what is the critical value used to compare the observed test statistic (t) in order to determine whether this relationship is significantly different from zero?
In: Statistics and Probability