Questions
List the seven stages in the ONLINE consumer decision-making process. 1. Awareness of need. 2. Search...

List the seven stages in the ONLINE consumer decision-making process.

1.

Awareness of need.

2.

Search for more information.

3.

Evaluation of alternatives.

4.

1.      The actual purchase decision.

5.

1.      Post-purchase contact

6.

1.      Social Networking Capability

7.

1.      Consumer clickstream behavior

8.

Aggregate Demand

9.

Too much Flash Programming

10.

Stringent Security Policies

11.

Site capabilities

In: Operations Management

A certain website wants you to build a 6-character password from the letters a through i,...

A certain website wants you to build a 6-character password from the letters a through i, the numbers 0 − 9, or the symbols @, #, or &. Clearly, the order of the characters in the password matters

(a) How many passwords are there in total?

(b) How many passwords are there that consist of distinct characters?

(c) How many passwords have the first two characters be letters, the middle two character be one of the symbols and the last two characters be numbers where each character does not have to be distinct?

In: Statistics and Probability

You are the CEO of a vacation cruise company that provides cruise service between Seattle WA to Anchorage AK.

Consider the following monthly sales data. Corresponding total cost information is also provided.

Quantity

(Sales)

Total Cost

Total Revenue

Marginal Cost

Average Cost


0

10,000

0




10

50,000

100,000




20

90,000

190,000




30

120,000

260,000




40

130,000

320,000




50

160,000

370,000




60

200,000

410,000




70

250,000

440,000




80

320,000

460,000




90

400,000

470,000




100

500,000

470,000




(a) What would be the fixed cost?

(b) Fill in the marginal cost column for all the levels of sales (quantity).

(c) Fill in the average cost column for all the levels of output (quantity).

(d) Plot and draw total cost curves (plot them together on the same graph and put Quantity on the x-axis).

(d) Plot and draw marginal cost curve and average cost curve (plot them together on the same graph and put Quantity on the x-axis).

7. You are the CEO of a vacation cruise company that provides cruise service between Seattle WA to Anchorage AK. To provide this service, you use two inputs: ships and attendants. The table below describes the combinations of inputs required to produce cruises service. Assume that a ship costs $1 million dollars and that each attendant costs $1,000. The ship can make multiple cruises (and note that currently your company owns only one ship).

Fill in the remaining columns.

This is per cruise ATC and MC:

Ships

Attendants

Cruises

TC

TFC

TVC

ATC

MC

1

100

1






1

200

2






1

300

3






1

400

4






1

500

5






1

600

6






1

700

7






1

800

8






1

900

9






1

1000

10






In: Economics

Bath Fixtures Supply, Inc. (BFSI), manufactures three types of fixtures: industrial, standard, and brass. It applies...

Bath Fixtures Supply, Inc. (BFSI), manufactures three types of fixtures: industrial, standard, and brass. It applies all indirect costs according to a predetermined rate based on direct labor-hours. A consultant recently suggested that the company switch to an activity-based costing system and prepared the following cost estimates for year 2 for the recommended cost drivers.

Activity Recommended
Cost Driver
Estimated Cost Estimated
Cost Driver
Activity
Processing orders Number of orders $ 59,400       200 orders
Setting up production Number of production runs      237,600       100 runs
Handling materials Pounds of materials used      $396,000       132,000 pounds
Machine depreciation and maintenance Machine-hours      316,800       13,200 hours
Performing quality control Number of inspections        79,200       45 inspections
Packing Number of units 158,400       480,000 units
Total estimated cost $1,247,400
In addition, management estimated 7,500 direct labor-hours for year 2.
Assume that the following cost driver volumes occurred in January, year 2:
Industrial Standard     Brass
Number of units produced   66,000   26,400     9,900
Direct materials costs $42,900 $26,400 $16,500
Direct labor-hours        450        450        600
Number of orders          12            9            6
Number of production runs            3            3            6
Pounds of material   16,500     6,600     3,300
Machine-hours        638        140          80
Number of inspections            3            3            3
Units shipped   66,000   26,400     9,900
Actual labor costs were $15 per hour.

Required Questions

1. Compute a predetermined overhead rate for year 2 for each cost driver using the estimated costs and estimated cost driver units prepared by the consultant. Also compute a predetermined rate for year 2 using direct labor-hours as the allocation base. This question does not need to be answered.

2. Compute the production costs for each product for January using direct labor-hours as the allocation base and the predetermined rate computed in requirement (1).
3. Compute the production costs for each product for January using the cost drivers recommended by the consultant and the predetermined rates computed in requirement (1). (Note: Do not assume that total overhead applied to products in January will be the same for activity-based costing as it was for the labor-hour-based allocation.)
4. Management has seen your numbers and wants an explanation for the discrepancy between the product costs using direct labor-hours as the allocation base and the product costs using activity-based costing. Write a brief response to management.

In: Accounting

A recent study of seat belt use found that for a random sample of 117 female...

  1. A recent study of seat belt use found that for a random sample of 117 female Hispanic drivers in Boston; 68 were wearing seat belts. Is this sufficient evidence to claim that the proportion of all female Hispanic drivers in Boston who wear seat belts is greater than 50%. Use a significance level of 5%.
    1. This problem is about (circle the correct one):

One population proportion                      Two population proportions        

One population mean                             Two populations means (Independent samples)

One population standard deviation        Two populations means (paired samples)

Two population standard deviations

  1. State the null and alternate hypotheses.

  1. What is the level of significance?

  1. List the requirements and show the numbers or information given to meet each requirement.

  1. Circle which of the following Statcrunch methods you would use to test the hypothesis stated in part (b).

Proportion Stats – One sample         Proportion Stats-Two samples

Variance Stats – One sample           Variance Stats – Two samples

T Stats - One sample                 T Stats-Two samples (Independent)

T Stats - Paired

  1. If the P-value = 0.0395, show details of determining if Ho is rejected or not.

  1. Write the interpretation of the results of the hypothesis test.

In: Statistics and Probability

7. (8%) How to dispense one liter of 3 M HCl solution if you have a...

7. (8%) How to dispense one liter of 3 M HCl solution if you have a bottle of HCl that you find in the chemical stores? The bottle contains the following information: “37% w / w HCl (aq), density: 1.19 kg / L, molecular weight of HCl = 36.5 g / mol. ”

In: Chemistry

Question 3 A brain specialist performed an experiment to see if sensory deprivation over an extended...

Question 3

A brain specialist performed an experiment to see if sensory deprivation over an extended period of time reduces the alpha-wave frequencies produced by the brain. To determine this, 10 subjects, inmates of a Correctional Centre, were randomly selected.

First, the members of the group were allowed to remain in their cells. Seven days later, alpha-wave frequencies were measured in Hertz for all subjects (nonconfined).

After that, the same group of subjects were placed in solitary confinement for seven days and their alpha-wave frequencies were measured again in Hertz.

The data from both confined and nonconfined groups of the experiment are recorded in the following table.

Subject #

Confined

Nonconfined

1

7

8

2

10

9

3

9

10

4

9

10

5

10

11

6

9

11

7

11

11

8

12

11

9

11

12

10

12

14

Use a non-parametric test to investigate if the solitary confinement reduces the alpha-wave frequencies of the brain. In performing this test, state appropriate hypothesis (define any symbols used). Calculate the value of the test statistic, P-value of this test and write a meaningful conclusion.

In: Statistics and Probability

Question 3 A brain specialist performed an experiment to see if sensory deprivation over an extended...

Question 3

A brain specialist performed an experiment to see if sensory deprivation over an extended period of time reduces the alpha-wave frequencies produced by the brain. To determine this, 10 subjects, inmates of a Correctional Centre, were randomly selected.

First, the members of the group were allowed to remain in their cells. Seven days later, alpha-wave frequencies were measured in Hertz for all subjects (nonconfined).

After that, the same group of subjects were placed in solitary confinement for seven days and their alpha-wave frequencies were measured again in Hertz.

The data from both confined and nonconfined groups of the experiment are recorded in the following table.

Subject #

Confined

Nonconfined

1

7

8

2

10

9

3

9

10

4

9

10

5

10

11

6

9

11

7

11

11

8

12

11

9

11

12

10

12

14

Use a chi-square test to investigate if the solitary confinement reduces the alpha-wave frequencies of the brain. In performing this test, state appropriate hypothesis (define any symbols used). Calculate the value of the test statistic, P-value of this test and write a meaningful conclusion.

In: Statistics and Probability

Can someone please explain this?   The international candy association wants to predict chocolate bar prices. They...

Can someone please explain this?

  The international candy association wants to predict chocolate bar prices. They have collected the following data for 16 samples.

Sample

Size

Price

Energy

Protein

Fat

Carbo

Sodium

1

50

0.88

1970

3.1

High

53.2

Low

2

50

0.88

2003

4.6

High

59

Low

3

40

1.15

2057

9.9

Low

60.9

Low

4

80

1.54

1920

5.1

Low

67.5

High

5

45

1.15

2250

7.2

High

59.4

Low

6

78

1.4

2186

7

High

59.7

Low

7

55

1.28

1930

3.5

High

56.4

Low

8

60

0.97

1980

10.2

Low

59.9

High

9

60

0.97

1890

4.7

Low

67.9

High

10

50

1.28

2030

5.6

Low

67.4

High

11

40

1.1

2180

5.5

High

67.3

High

12

55

1.28

1623

2.2

Low

73.3

Low

13

44.5

0.97

1640

3.7

Low

77.9

High

14

75

1.58

2210

8.2

High

57

Low

15

60

1.55

1980

8.5

Low

63.3

Low

16

42.5

1.18

1970

5

Low

69

a. Identify the dependent variable and independent variables.

b. Build a multiple linear regression model to predict chocolate bar price.

c. Can this model be used to make predictions? Explain

In: Statistics and Probability

The Mozart Effect pertains to the hypothesis that listening to Mozart might induce a short-term improvement...

The Mozart Effect pertains to the hypothesis that listening to Mozart might induce a short-term improvement on the performance of certain kinds of mental tasks. A team of researchers were interested in seeing if this would apply to a general intelligence test. They do not know if this will improve or lower scores for this particular task but they collected data from two groups:

No Music Music
1 2
10 12
7 6
3 5
2 3
0 1
3 2
13 16
0 0
5 8


a. Treating these two groups as independent, answer the following:
* State the hypotheses for this analysis and if this is a one- or two-tailed test.
* State your alpha value and the critical values.
* Test this hypothesis (showing your calculations).
* State your decision regarding the null hypothesis.

b. Now, conduct those four steps again but treat these two groups as dependent (e.g., each row now belongs to the same person in a repeated-measures design).

c. Do the two tests lead to different conclusions? Comment on why or why not.

In: Math