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, 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
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 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
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
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
In: Statistics and Probability
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 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 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 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 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