In product design for human use and recommended guideline for the product’s human use, it is important to consider the weights of people so that airplanes or elevators aren’t overloaded. Based on data from the National Health Survey, the weight of adults in the United States has a mean of 181 pound (the average of 195.5 for males and 166.2 for females, assuming, arbitrarily, equal male and female population) with a standard deviation of 30 pounds. An airplane is designed to have a human carrying maximum-capacity 18,500 pounds. An Airline adopts the operation procedure of maximum passenger number (n), based on the concept of the probability of a randomly selected n passengers exceeding the maximum-capacity to be less than 0.01 (i.e., 1%). a) [3 pts] Determine n b) b) [2 pts] What will be the value of n if the probability of exceeding the maximum-capacity is no more than 0.001 (i.e., 0.1%)?

The Kellogg Company (Kellogg's) is an American multinational food-manufacturing company headquartered in Battle Creek, Michigan, United States. Kellogg's produces cereal and convenience foods and markets its products under several well-known brand names including Corn Flakes, Keebler, and Cheez-It.

3. a) Describe how Kellogg’s’ procurement team could have mitigated the risks associated with outsourcing production to a contract manufacturer in this situation. (3 points)

b) Describe the ethical risks associated with contract manufacturing in this situation. (3 points)

c) Based on the strategic importance of contract manufacturing, which Supplier Interaction Model best describes the relationship that exists between Kellogg’s and Kerry Inc. What should it be? Why? (4 points)

d) Identify and explain the Processing Stages that Kellogg’s might have followed in conducting the recall. (10 points)

You are consulting for Link Snack, Inc., a firm that wants to export from the United States to Brazil. The firm wants to export packaged Jack Link’s Beef Jerky. Presume each package costs $1.00.

Link Snack, Inc. needs you to find some information that will help them evaluate the profitability of exporting their products.  They need to know the following information:

1. How Brazil would classify/categorize their product for the purpose of determining import tariffs. (Tariffs may be called other names such as duties or taxes in various countries)
2. What import tariffs would apply and how much would they be on the product.
3. As this is a food product, any packaging and labeling requirements there would be.

For each question, they need a brief response by you and a web link to the resource information you used to develop your response. Particularly helpful are web links provided by Brazil.

2. Determinants of market interest rates

Some characteristics of the determinants of nominal interest rates are listed as follows. Identify the components (determinants) and the symbols associated with each characteristic:

. Insurance companies are interested in knowing the mean weight of cars currently licensed in the United States; they believe it is 3000 pounds. To see if the estimate is correct, they check a random sample of 80 cars. For that group, the mean weight was 2910 pounds with a standard deviation of 532 pounds. Is this strong evidence that the mean weight of all cars is not 3000 pounds? a. What is the population of interest? b. Describe in words. d. Perform the test using a significance level of 0.05 ( = 0.05) ii. P-value Due to the different methods, I rounded out to 2 decimal places. Select the best possible answer. iii. Conclusion in context h. Find a 90% confidence interval for . Due to the different methods, select the best possible answer. k. What sample size would allow us to increase our confidence level to 95% while reducing the margin of error to only 50 pounds?

“Suppose you are an educational researcher who wants to increase the science test scores of high school students. Based on tremendous amounts of previous research, you know that the national average test score for all senior high school students in the United States is 50 with a standard deviation of 20.

“Write H0 next to the verbal description of the null hypothesis and H1 next to the research hypothesis.
_____The population of students who receive tutoring will have a mean science test score that is equal to 50.
_____The population of students who receive tutoring will have a mean science test score that is greater than 50.
_____The population of students who receive tutoring will not have a mean science test score that is greater than 50.
_____The population of students who receive tutoring will have a mean science test score that is less than 50.”

Royal Minty of Britain has purchased 20,000 ounces of silver from Silver Products at US$8.30, payable in 180 days. The current spot rate is 1.8127 ($US/£) and the 180-day forward is 1.7863. The CEO at Royal Minty suggests that the spot rate in six months time will be 1.7915.

Interest rates in Britain are currently 4.70 percent for 180 days and 1.15 percent in the United States.

a-1. Calculate the receipts if Royal Minty takes a chance on the spot rate. (Round the final answer to the nearest whole pound.)

Receipts           £

a-2. Calculate the receipts if Royal Minty books a forward contract. (Round the final answer to the nearest whole pound.)

Receipts           £

a-3. Calculate the receipts if Royal Minty buys a money market hedge. (Round intermediate calculations and the final answer to the nearest whole pound.)

Receipts           £   

Over the past decade, many American candy companies, including Hershey Company, Brach’s Confections, and Ferrara Pan Candy, opened factories in Mexico and Canada to produce candy that is then shipped back to the United States for sale. Although lower wages in Mexico might explain part of this move, wages in Canada are comparable to U.S. wages.

Explain how U.S. price supports (price floors) for the sugar industry may have encouraged these moves.

The sugar industry is the longest protected in U.S. history. Many economists and industry experts argue that these protectionist policies hurt consumers and are no longer needed.

Do you agree? Why or why not? Use the concepts of supply and demand, and consumer and producer surplus to support your answer.

Explain why the U.S. sugar industry have experienced such long protectionist policies such as import quotas and subsidies?

Read The American Class System: Pages 54-77, 96-98, 105-107, and read over the Power Elite lecture (https://berkeley.courseload.com/#/content-42456/address/75)

1) Explain the growing social inequality in the United States. Focus on 2 reasons why this gap exists and why this inequality is predicted to grow. Support your claims with examples from the readings.

2) Read over the Mill’s Power Elite and Domhoff’s Governing Class. Show in 3 ways how the power elite leverages power over the government and society, use aspects of the readings in your response.

3) Watch the following TED TALK:http://www.ted.com/talks/richard_wilkinson.html In your own words explain what happens in a society when there is too much inequality between the wealthy and poor (such as our society.) Drawing from the Ted Talk, how can we fix poverty?

What are the differences between consumer and industrial goods, and what are the implications for international marketing?

Question 6

Why hasn’t the United States been more helpful in setting universal standards for industrial equipment? Do you feel that the argument is economically sound? Discuss.

Question 16

England has almost completed the process of shifting from the inch-pound system to the metric system. What effect do you think this will have on the traditional U.S. reluctance to make such a change? Discuss the economic implications of such a move.

Question 3

Discuss the ways Japanese manufacturers control the distribution from manufacturer to retailer.

Question 15

One of the first things companies discover about international patterns of channels of distribution is that in most countries, it is nearly impossible to gain adequate market coverage through a simple channel-of-distribution plan. Discuss.