Questions
A hospital manager knows the surgical glove has a Normal distribution with a mean of five...

A hospital manager knows the surgical glove has a Normal distribution with a mean of five boxes of surgical gloves per day and a standard deviation of one-half box of surgical gloves per day. Two days are required to fill an order surgical glove and ordering cost is $10 per order, annual holding cost is $10 per box. The hospital reorders when the surgical gloves on hand and on order is 12 boxes, calculate the risk of a stock-out during a lead time.

What shortage risk does the hospital incur if it orders 36 boxes when the amount on hand is 12 boxes If a fixed interval of seven days is used for reordering.

Question 6 options:

In: Operations Management

A hospital manager knows the surgical glove has a Normal distribution with a mean of five...

A hospital manager knows the surgical glove has a Normal distribution with a mean of five boxes of surgical gloves per day and a standard deviation of one-half box of surgical gloves per day. Two days are required to fill an order surgical glove and ordering cost is $10 per order, annual holding cost is $10 per box. The hospital reorders when the surgical gloves on hand and on order is 12 boxes.

1. Calculate the risk of a stock-out during a lead time.

2. What shortage risk does the hospital incur if it orders 36 boxes when the amount on hand is 12 boxes If a fixed interval of seven days is used for reordering?

In: Operations Management

A manufacturer of sprinkler systems used for fire protection in office buildings claims that the true...

A manufacturer of sprinkler systems used for fire protection in office buildings claims that the true average system-activation temperature is 130oF. A sample of n = 9 systems, when tested, yields a sample average activation temperature of 131.08oF. Suppose the distribution of activation temperature is normal with standard deviation 3.0 oF. Denote the true average system-activation temperature by µ ( oF). Consider testing H0 : µ = 130 versus Ha : µ 6= 130 at the significance level α = 0.05.

(a) (7 points) What is β(131)?

(b) (7 points) For this level 0.05 test, in order to control the Type II error probability at 0.01, that is to make β(131) ≤ 0.01, how many sprinkler systems should be used?

In: Statistics and Probability

Discussion: Change & amp; Innovation in Nursing Creating Innovative Models of Clinical Nursing Education Innovation leads...

Discussion: Change & amp; Innovation in Nursing Creating Innovative Models of Clinical Nursing Education Innovation leads to change, and that change leads to improvements in care, service, quality, and professionalism. Real improvements in quality, care, and services come from effective, insightful change and positive innovation that is derived from people who are prepared to take the lead and act on their ideas. It is not suggested that every change is positive or good. Clearly change for change's sake or change that is ill-conceived or poorly planned can have negative consequences. However, change, facilitated or driven by clinical leaders, people, being innovative that leads to improvements in quality, care, and services is considered valuable and essential. Clinical leaders are the health professionals best placed to lead change in practice and suggest innovations that impact positively on clinical quality. Innovation can also mean bringing into existence something new that can be sustained, and which has some value or utility. In effect, innovation results in a breakthrough of some sort. The problem and need for change Although nursing care has changed significantly over the past 30 years, methods to clinically train nursing students have not. The traditional model of clinical nursing education, where a faculty member oversees a group of six to eight students on an acute care unit for a 4- to 8-hour shift, provides a haphazard approach to learning. A need exists to add innovative ways to effectively train more nursing students to better prepare them for today’s health care environment. Using a change framework, seven approaches to clinical nursing education were created through academic-practice partnerships. These approaches may increase the effectiveness and efficiency of the clinical nursing education system. For that change to be successful, one must undertake a series of eight thoughtful steps. The first two steps set the stage for change to occur and include creating a sense of urgency and establishing a group of people to guide the change process. The next step creates a vision for change. The next four steps involve making change happen and include communicating the vision, empowering others to lead change, acknowledging short-term wins, and perseverance. The final step targets ways to make change last. These eight steps can provide a solid framework for implementing clinical nursing education effort Rationale for change This innovation includes a call to redesign the nursing educational system to better meet the demands of the current and future nursing practice environment. This redesign includes increasing nursing students’ community-based experiences and exposing students to complex health care issues, such as those found in long-term care settings. Research question With significant changes in nursing practice, what are the best innovative ways to train futures nurses to match the 21st a century and beyond.

please can someone help me with a response this post

In: Nursing

YQR has a market value of $125 million and 5 million shares outstanding.  HKG has a market...

YQR has a market value of $125 million and 5 million shares outstanding.  HKG has a market value of $40 million and 2 million shares outstanding.  YQR thinks of taking over HKG with a premium of $10 million. The combined firm will be worth $185 million.  If YQR offers 2 million shares of its stock in exchange for the 2 million shares of HKG, what will the stock price of YQR be after the acquisition?  What exchange ratio between the two stocks would make the value of a stock offer equivalent to a cash offer of $50 million?

In: Finance

YQR has a market value of $125 million and 5 million shares outstanding. HKG has a...

YQR has a market value of $125 million and 5 million shares outstanding. HKG has a market value of $40 million and 2 million shares outstanding. YQR thinks of taking over HKG with a premium of $10 million. The combined firm will be worth $185 million. If YQR offers 1.2 million shares of its stock in exchange for the 2 million shares of HKG, what will the stock price of YQR be after the acquisition? What exchange ratio between the two stocks would make the value of a stock offer equivalent to a cash offer of $50 million?

In: Finance

The eruption height and the time interval after eruption of a geyser were measured and are...

The eruption height and the time interval after eruption of a geyser were measured and are shown below. Answer parts ​a-c.

Height​ (x)

125

135

85

95

100

95

115

105

Interval after​ (y)

58

62

40

45

47

48

57

50

a. Find the value of the linear correlation coefficient r.

b. Find the critical values of r from the table showing the critical values for the Pearson correlation coefficient using

alpha=0.05.

c. Is there sufficient evidence to conclude that there is a linear correlation between the two​ variables?

In: Statistics and Probability

Tiger Woods Enterprises manufactures two products (information follows). Fixed costs are $250,000; the tax rate is...

Tiger Woods Enterprises manufactures two products (information follows). Fixed costs are $250,000; the tax rate is 35%.

PRODUCT                                 SALES MIX                    SALES PRICE/UNIT         VARIABLE COST/UNIT

Deceit Potion   2   $50   $25

Forgiveness Ointment               1   $40   $15

Calculate (A) the composite contribution margin per unit, (B) the break-even point in composite units, and (C) the amount of sales revenues in dollars if the company reports after-tax income of $550,000. Label your answers and round answers in units to the nearest unit.

In: Accounting

The cash flows for two projects, A and B, are shown in the table, below. Notice...

The cash flows for two projects, A and B, are shown in the table, below. Notice that Project A has a life of 5 years and Project B has a 3 year life. Calculate the NPV of each project and calculate which should be adopted using the replacement chain approach. Assume that the cost of capital is 10%.

Project CFs

Project CFs

Time

A

B

0

-100

-150

1

20

75

2

25

60

3

30

50

4

30

5

40

NPV

6.7097

5.3343

answer is -2.85
How to get this number?

In: Finance

Watt’s Lighting Stores made the following sales projection for the next six months. All sales are...

Watt’s Lighting Stores made the following sales projection for the next six months. All sales are credit sales.

March $44,000 June $48,000
April 50,000 July 56,000
May 39,000 August 58,000


Sales in January and February were $47,000 and $46,000, respectively. Experience has shown that of total sales, 5 percent are uncollectible, 40 percent are collected in the month of sale, 50 percent are collected in the following month, and 5 percent are collected two months after sale.

a. Prepare a monthly cash receipts schedule for the firm for March through August.
  

In: Finance