Unit 6 DQ1: Opportunity Costs

Explain in detail:

Implicit costs are defined by economists as nonmonetary opportunity costs. Why is it important for a firm to take these costs into consideration when evaluating a potential activity, when they don’t involve any monetary expense?

Create a supply and demand graph that illustrates international trade and tariffs. Please note, that you need to create the graph and not copy it from any source.

Keep in mind the winners and losers of globalization or trade policy. **** In writing, please explain the graph in detail.****

Question 1:     Some of top ERP vendors include Microsoft, Oracle and SAP. Perform an online search on ERP systems in the market, and evaluate where are these ERP systems heading in the future? Do you agree or disagree with the trends discussed? Explain it in detail

Discuss in detail the preservation of materials, causes of deterioration of materials in a warehouse and explain how the following common materials are preserved (show the sketches where required)
o   Paints
o   Rubber and Rubber Products
o   Fragile items

*the mejor is WAREHOUSE MANGEMENT*

You learned that one of your smaller, nonstrategic, suppliers directly emailed your salespeople (without your knowledge) with details of an incentive plan that would provide your salespeople with bonuses, paid directly by the supplier, if they met certain sales levels of their product over the next quarter.

• Is there anything wrong with this scenario? Why or why not?

• As the manager of the distributor, what would your next step be?

• What actions would you take, if any, in response once you found out about this program? Explain your actions.

Height: 62, 67, 62, 63, 67, 74, 63, 73, 63

Weight: 130, 140, 102, 140, 145, 157, 130, 190, 135

2. (CLO 1) Construct a confidence interval to estimate the mean height and the mean weight by completing the following:

a. Find the sample mean and the sample standard deviation of the height.

b. Find the sample mean and the sample standard deviation of the weight.

c. Construct and interpret a confidence interval to estimate the mean height.

d. Construct and interpret a confidence interval to estimate the mean weight.

3. (CLO 2) Test a claim that the mean height of people you know is not equal to 64 inches using the p-value method or the traditional method by completing the following:

a. State H0 and H1.

b. Find the p value or critical value(s).

c. Draw a conclusion in context of the situation.

4. (CLO 3) Create a scatterplot with the height on the x-axis and the weight on the y-axis. Find the correlation coefficient between the height and the weight. What does the correlation coefficient tell you about your data? Construct the equation of the regression line and use it to predict the weight of a person who is 68 inches tall.

5. Write a paragraph or two about what you have learned from this process. When you read, see, or hear a statistic in the future, what skills will you apply to know whether you can trust the result?

Mars Inc. claims that they produce M&Ms with the following distributions:

A bag of M&Ms was randomly selected from the grocery store shelf, and the color counts were:

Using the ?² goodness of fit test to determine if the proportion of M&Ms is what is claimed, what is the test statistic?

For a certain​ candy,15​% of the pieces are​ yellow, 15​% are​ red, 10​% are​ blue,15​% are​ green, and the rest are brown.

​a) If you pick a piece at​ random, what is the probability that it is​ brown?

it is yellow or​ blue?

it is not​ green?

it is​ striped?

​b) Assume you have an infinite supply of these candy pieces from which to draw. If you pick three pieces in a​ row, what is the probability that they are all​ brown?

the third one is the first one that is​ red?

none are​ yellow?

at least one is​ green?

(Round to three decimal places as​ needed.)

1.      In snapdragons, red flower color (C^R) is incompletely dominant to white flower color (C^W). The heterozygote has pink flowers. Normal broad leaves (L^B) are incompletely dominant to narrow, grass-like leaves, (L^N). The heterozygote has an intermediate leaf width. If a red-flowered, narrow-leaved snapdragon is crossed with a white-flowered broad-leaved one, what will be the phenotypes in the F₁and F₂generations, and what will be the proportions of the different classes?        (Draw a branching diagram to provide the answer)

3) You are working with a lab instrument that has a diffraction grating of 600lines/mm. 450nm wavelength light passes through the grating and hits a screen 2m away from the grating.

a. What is the spacing between the lines of the grating? b. Given this spacing, what is the distance between two bright spots on the screen? c. If you instead send red (650nm) light through the screen, would this increase or decrease the spacing on the screen? Find the distance between two bright spots with red light.