Suppose the JLFB movie production company has produced two movies, A and B, and distributes them to theaters with willingness to pay for the two movies, which is shown below,
Movie A Movie B
A. Smith Theater $135 $95
J. Schumpeter Theater $85 $115
a. Which package will result in the largest profit for the JFLB movie production company?
b. Charge $85 for movie A and $95 for movie B.
c. Charge $135 for movie A and $115 for movie B.
d. Charge $100 for both movie A and B if they are bought together.
e. Charge $110 for both movie A and B if they are bought together.
In: Economics
as a marketing director for an hotel, illustrate with the use of a diagram how you can apply the service marketing mix to the hotel
In: Economics
A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs than locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $175 in either case.
| Omaha | Kansas City | ||||
| Annual fixed costs ($ millions) | $ | 1.0 | $ | 1.1 | |
| Variable cost per unit | $ | 25 | $ | 40 | |
| Expected annual demand (units) | 9,650 | 10,250 | |||
Using the above information, determine which location would
produce the greater profit. (Omit the "$" sign in your
response.)
(Click to select)Kansas CityOmaha would produce the greater gross
profit of $ .
In: Operations Management
A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs than locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $177 in either case.
Omaha Kansas City
Annual fixed costs ($ millions) $ 1.2 $ 1.3
Variable cost per unit $ 27 $ 42
Expected annual demand (units) 9,750 10,350
Using the above information, determine which location would produce the greater profit. (Omit the "$" sign in your response.)
Which would produce the greater gross profit of $ ______________.
In: Operations Management
1.a. In a survey carried out at a famous water park, 28 children out of a random sample of 80 said that they used the water slide regularly. Find a 95 % confidence interval for the true proportion of all children at the water park who uses the water slide regularly. [4]
b. The owner of the water park found that 45 children out of a random sample of 100 said that they used the pool regularly. Find a 98% confidence interval for the true proportion of all children in the water park who uses the pool. [4]
In: Statistics and Probability
In Avocado Park, 38% of the population is made up of immigrants. Consider a random sample of 78 residents of Avocado Park.
a.How many individuals must reside in Avocado Park to consider the selection of these individuals to be independent?
b.What is the probability that more than 30 of the residents in the sample are immigrants?
c. How many immigrants should be EXPECTED to be in the sample?
d.Peacoat Fashions currently employs 78 Avocado Park residents. If there are fewer than 20 employees that are immigrants, does that suggest that immigrants are less likely to be hired at Peacoat Fashions?
In: Statistics and Probability
Q3. A multistorey building is constructed in Al Seeb near old Muscat international airport. All the structural work like (foundations, beams, columns, slabs and walls) of the building was completed. Now they want to start the exterior work like (plastering and painting of the whole building) to complete the building.
a. Write any four type of scaffolding suitable for the above construction.
b. Explain briefly the four types of scaffolding mentioned in the above question with neat sketch and label its parts.
c. How to set the complete procedure of the scaffolding for the multistoried building?
d. Write any three points about the advantages of steel scaffolding over the timber scaffolding
In: Civil Engineering
On January 3rd, 2009 Holiday Inn Hotels entered into a contract with Great Designs Inc., an interior decorating firm, to have their hotel rooms re-decorated with new carpeting, bedspreads, curtains and wall art. Holiday Inn Hotels paid Great Designs Inc., $100,000 upfront and the work was to be completed by June 1st, 2009. On June 1st, 2009 work in 30% of the rooms was still not complete. The Hotel had a large conference group checking in on June 30th, 2009 that would result in all the rooms being occupied. The Hotel, therefore, terminated its contract with Great Designs Inc., and hired a different designer to finish the work. The new designer completed the work on June 30th, 2009 at an additional cost of $15,000. Answer the following questions:
In: Finance
In: Finance
The mayor of a town has proposed a plan for the construction of an adjoining community. A political study took a sample of 1200 voters in the town and found that 45% of the residents favored construction. Using the data, a political strategist wants to test the claim that the percentage of residents who favor construction is not equal 48%. Testing at the 0.01 level, is there enough evidence to support the strategist's claim?
Step 1 of 7 : State the null and alternative hypotheses.
Step 2 of 7: Find the value of the test statistic. Round your answer to two decimal places.
Step 3 of 7: Specify if the test is one-tailed or two-tailed.
Step 4 of 7: Determine the P-value of the test statistic. Round your answer to four decimal places.
Step 5 of 7: Identify the value of the level of significance.
Step 6 of 7: Make the decision to reject or fail to reject the null hypothesis.
Step 7 of 7: State the conclusion of the hypothesis test.
In: Statistics and Probability