Famous Albert prides himself on being the Cookie King of the West. Small, freshly baked cookies are the specialty of his shop. Famous Albert has asked for help to determine the number of cookies he should make each day. From an analysis of past demand, he estimates demand for cookies as
| DEMAND | PROBABILITY OF DEMAND | |
| 1,800 | dozen | 0.05 |
| 2,000 | 0.08 | |
| 2,200 | 0.29 | |
| 2,400 | 0.28 | |
| 2,600 | 0.13 | |
| 2,800 | 0.04 | |
| 3,000 | 0.13 | |
Each dozen sells for $0.69 and costs $0.46, which includes handling
and transportation. Cookies that are not sold at the end of the day
are reduced to $0.29 and sold the following day as day-old
merchandise.
a. Compute the expected profit or loss for each
cookie making decision quantity. (Round your answer to the
nearest whole number. Enter expected losses with a negative
sign.)
|
b. Based on your answers to part a., what is the
optimal number of cookies to make?
c. By using marginal analysis, what is the
optimal number of cookies to make?
In: Operations Management
USE C++ for the program and kindly keep it as simple as possible , use recursion and do not use loops please keep program simple and comment if possible
Suppose you have been given the task to design a text editor
which will take any
multiline text from user and then display the statistics like total
number of characters i.e.,
characters_count (excluding the white space and punctuations),
words_count, and
redundant_words_count. Create a structure named Text_Editor
having four type members
namely inserted_text (of type string), characters_count (of type
unsigned int),
words_count (of type unsigned int), and redundant_words_count (of
type unsigned int).
The structure should also have member functions namely Insert_Text(
) for obtaining the
multiline text from user and assigning to input_text
member-variable. End of text insertion
should be specified by ‘#’ character. Moreover, there should be a
separate member-function
of the created structure named Count_Ch( ), Count_Words( ),
and
Count_Redundant_Words( ) that should process the input text in
order to calculate and
print the relevant statistics. All these different tasks are to be
implemented using recursion
technique.
In: Computer Science
|
Suppose you are going to receive $21,500 per year for five years. The appropriate interest rate is 7 percent. |
| a-1. |
What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| a-2. | What is the present value of the payments if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b-1. | Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b-2. | What is the future value if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| c-1. | Which has the higher present value, the ordinary annuity or annuity due? |
| c-2. | Which has the higher future value? |
In: Finance
The publisher Elsevier uses mixed-bundling pricing strategy. The
publisher sells a university access to a bundle of 930 of its
journals for $1.7million for one year. It also offers the journals
separately at individual prices. Because Elsevier offers the
journals online (with password access), universities can track how
often their students and faculty access journals and then cancel
those journals that they seldom read.
Suppose that a publisher offers a university only three journals –
A, B and C – at the unbundled, individual annual subscription
prices of pA = $1,600, pB = $800, and pC = $1,500. Suppose a
university’s willingness to pay for each of the journals is vA =
$2,000, vB = $1,100, and vC = $1,400.
a) If the publisher offers the journals only at the individual subscription prices, to which journals does the university subscribe?
b) Given these individual prices, what is the highest price that the university is willing to pay for the three journals bundled together?
c) Now suppose that the publisher offers the same deal to a second university with willingness to pay vA = $1,800, vB = $1,000, and vC = $2,100. With the two universities, calculate the revenue-maximizing individual bundle prices.
In: Economics
Why do you feel that there is so much of a focus on a citizen’s “fear of crime”?
Many times citizens have an unrealistic fear of crime. The citizen’s actual chances of being a victim of crime are fairly low. What are your thoughts on using police resources to confront an unrealistic fear of crime vs. using police resources to address real crime problems?
In: Psychology
Cost of Trade Credit
Grunewald Industries sells on terms of 3/10, net 60. Gross sales last year were $4,385,500 and accounts receivable averaged $466,000. Half of Grunewald's customers paid on the 10th day and took discounts. What are the nominal and effective costs of trade credit to Grunewald's nondiscount customers? (Hint: Calculate daily sales based on a 365-day year, calculate the average receivables for discount customers, and then find the DSO for the nondiscount customers.) Do not round intermediate calculations. Round your answers to two decimal places.
In: Finance
Q1: Classify and find the general solution of the following differential equations: dy 1. x+ y-In x = 0 dx 2. y" - y' +y = 2 sin 3x.
In: Mechanical Engineering
True or False? If the following statement is false, briefly
explain why it is false:
Company A acquires 90% of Company B. Goodwill represents the
difference between the book value of the subsidiary's net assets
and the amount paid by the parent to buy ownership.
In: Accounting
In: Finance
A man of mass 80 kg runs up a flight of stairs 20 m high in 10 s. (a) how much power is used to lift the man? (b) If the man’s body is 25% efficient, how much power does he expend? (c) This man consumes approximately 1.05 × 107 J (2500 food calories) of energy per day while maintaining a constant weight. What is the average power he produces over a day? (d) Compare this with his power production when he runs up the stairs.
Answer is: a) 1.6 kW; (b) 6.3 kW; (c) 122 W; (d) 1.9% of power produced running up stairs
In: Physics
Lab 1 – Numbers in Descending Order
Design an application that accepts 10 numbers and displays them in descending order
For the programming problem, create the pseudocode and enter it below.
Enter pseudocode here
In: Computer Science
In the following situations graphically illustrate what happens to supply or demand for domestically produced new motor vehicles loans at lower interest rates.
In: Economics
Explain the (Spartan Race Event) and what is it? also, provide this information about Spartan Race Event (Name of event, when, place, Target people, Profit, Strategy, or any information …..etc)?
In: Operations Management
Researchers examined the bottled-water phenomenon and preference of water types. One hundred fifteen subjects participated in double-blind taste tests of three different bottled water brands (Fiji, Aquafina, and Sam’s Choice) and tap water. Fifteen people preferred the tap water, 29 Aquafina, 47 Fiji, and 24 Sam’s Choice. At the 1% significance level, do the data provide sufficient evidence to conclude that the four different water types are not equally likely in preference?
Complete the table below
|
Category |
Proportions |
Ob. Freq. O |
Expected Freq. E |
Diff. (O – E) |
Sq. of Diff (O – E)^2 |
Chi-Sq. Subtotal [(O – E)^2]/E |
|
Tap Water |
0.25 |
15 |
||||
|
Fiji |
0.25 |
47 |
||||
|
Aquafina |
0.25 |
29 |
||||
|
Sam’s Choice |
0.25 |
24 |
||||
|
n = |
Total = |
Then use (a) the critical value approach and (b) the P-value approach
(Note: Conclusion should be the same no matter the approach used)
For each test,
i) State your null and alternative hypotheses.
ii) What is the significance level?
iii) What is the chi-square test statistic?
iv) What conclusion can you draw based on the data? Write a sentence. Include your test results.
In: Math
Please no plagiarism and must be in your own words. (4 pages minimum)
Case: You run cybersecurity operations for the for a healthcare emergency response logistics firm with global contracts with contracts with the United States and the Canadian government. COVID-19 had caused your organization to move to telework.
Write an overview of 3-4 pages introduction paper explaining what is currently happening. the paper should address the following questions:
In: Computer Science