23. The theory of loss aversion and reference dependence implies that (a) equilibrium allocations will usually be outside the Pareto set (b) the location of the Pareto set may depend on the initial allocation (c) the Pareto set is piecewise linear (d) the Pareto set is reduced to a single point in the Edgeworth box (e) the Pareto set lies on two adjacent sides of the Edgeworth box

For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are: Monthly Proportion of All Shipments Received On Time 80 81 85 83 84 86 85 85 82 81 85 84 Estimate the average of MSE of a three-month moving average and an exponential smoothingfor α = 0.3.  Group of answer choices 1.24 2.4 3.56 4.25 4.58

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The University of Miami bookstore stocks textbooks in preparation for sales each semester. It normally relies on departmental forecasts and preregistration records to determine how many copies of a text are needed. Preregistration shows 85 operations management students enrolled, but bookstore manager Vaidy Jayaraman has second thoughts, based on his intuition and some historical evidence. Vaidy believes that the distribution of sales may range from 65 to 85 units, according to the following probability model: Demand Probability 65 0.05 Stock 65 70 75 80 85 70 0.25 This textbook costs the bookstore $82 and sells for $107. Any unsold copies can be returned to the publisher, less a restocking fee and shipping, for a net refund of $30. a) Based on the given information, Vaidy's conditional profits table for the bookstore is: Demand 75 P=0.30 65 P = 0.05 0000 70 P = 0.25 75 0.30 ☐☐☐☐ 80 0.15 00000 80 85 P = 0.15 P = 0.25 30000 85 0.25 ☐☐☐☐

Wal-Mart is well known for squeezing price concessions from its vendors. Group of answer choices True False

Mop and Broom Manufacturing has tracked the number of units sold of their most popular mop over the past 24 months. This is shown. Month 1 2 3 4 5 6 7 8 Sales Month 238 249 254 267 277 282 402 296 9 10 11 12 13 14 15 16 Sales 300 327 346 349 353 364 373 363 Month + 17 18 19 20 21 22 23 24 Sales 361 381 375 383 384 401 409 403 a. Develop a linear trend line for the data. (Round your answers to 2 decimal places, e.g.,25.28.) Sales = (month) b. Compute a correlation coefficient for the data and evaluate the strength of the linear relationship. (Round your answer to 2 decimal places, the tolerance is +/-0.01.) Correlation coefficient is . It indicates linear relationship. (Use not rounded amounts to answer this question.) c. Using the linear trend line equation, develop a forecast for the next period,month 25. (Round your answer to 2 decimal places, the tolerance is +/-0.01. Do not round intermediate results used to achieve this answer.) Forecast for month 25 =

Deborah Holwager, a concessionaire for the Amway Center in Orlando, has developed a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd) Alternatives States of Nature (size of crowd) Large Average Small Large Inventory Ave yge Inventory Smal Inventory $12,000 -51,000 $18,000 $15.000 $16,000 $4,000 $10,000 $5,000 Probabilities associated with the states of nature are 0.35 for a large crowd, 0.50 for an average crowd, and 0.15 for a small crowd. $6.000 a) The alternative that provides Deborah the greatest oxpected monetary value (EMV) is The EMV for this decision is s (enter your answer as a whole number).

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The word is out on Dogs 'R GRRRRReat's new loyalty program: The Bark Card. Here are the basis that were advertised in the email blitz that went out earlier this week: The new DRG Bark Card does the following: 1. Customers bring the Bark Card with them whenever they visit DRG and any food, accessory or veterinary service is discounted 25% using the card. When the card is used, it registers the customer’s purchase and contributes to DRG’s records for measurement and evaluation purposes. 2. Quarterly, based on use frequency, Bark Card users will receive additional promotional material in electronic and hard copy formats that can be used for further discounts or points toward significant purchases (veterinary or consumer purchases over $1,500). 3. These offers are also available to all DRG employees, who will be able to add the discount to their current 10% employee discount. Customers apply for the card online through the DRG.com website, where they list their email and physical address,…

The University of Miami bookstore stocks textbooks in preparation for sales each semester. It normally relies on departmental forecasts and preregistration records to determine how many copies of a text are needed. Preregistration shows 85 operations management students enrolled, but bookstore manager Vaidy Jayaraman has second thoughts, based on his intuition and some historical evidence. Vaidy believes that the distribution of sales may range from 65 to 85 units, according to the following probability model: Demand Probability 65 0.10 Stock 70 0.30 65 This textbook costs the bookstore $82 and sells for $112. Any unsold copies can be returned to the publisher, less a restocking fee and shipping, for a net refund of $30. a) Based on the given information, Vaidy's conditional profits table for the bookstore is: 65 p=0.10 75 0.20 70 p=0.30 80 0.10 Demand 75 p=0.20 80 p = 0.10 85 p=0.30 85 0.30