Please find the attached file for questions details. I need answer for that 40. Demand for rug-cleaning machines at Clyde's U-Rent-It is shown in the following table. Machinesare rented by the day only. Profit on the rug cleaners is $10 per day. Clyde has four rug-cleaningmachines.DemandFrequency301.202203.15410.051.00a. Assuming that Clyde's stocking decision is optimal, what is the implied range of excess costper machine?b. Your answer from part a has been presented to Clyde, who protests that the amount is too low.Does this suggest an increase or a decrease in the number of rug machines he stocks? Explain.c. Suppose now that the $10 mentioned as profit is instead the excess cost per day for eachmachine and that the shortage cost is unknown. Assuming that the optimal number ofmachines is four, what is the implied range of shortage cost per machine?

Following is the cumulative frequency

Demand for rug-cleaning machines at Clyde's U-Rent-It is shown in the following table. Machines are rented by the day only. Profit on the rug cleaners is $10 per day. Clyde has four rug-cleaning machines. Demand Frequency .30 1 .20 2 .20 3 .15 4 .10 5 .05 1.00 a. Assuming that Clyde's stocking decision is optimal, what is the implied range of excess cost shine? por

Demand for rug-cleaning machines at Clyde's U-Rent-It is shown in the following table. Machines are rented by the day only. Profit on the rug cleaners is $10 per day. Clyde has four rug-cleaning machines. Demand Frequency .30 1 .20 2 .20 3 .15 4 .10 5 .05 1.00 a. Assuming that Clyde's stocking decision is optimal, what is the implied range of excess cost shine? por

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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Demand for rug-cleaning machines at Clyde’s U-Rent-It is shown in the following table. Machinesare rented by the day only. Profit on the rug cleaners is $10 per day. Clyde has four rug-cleaningmachines.Demand Frequency0 .301 .202 .203 .154 .105 .051.00a. Assuming that Clyde’s stocking decision is optimal, what is the implied range of excess costper machine?b. Your answer from part a has been presented to Clyde, who protests that the amount is too low.Does this suggest an increase or a decrease in the number of rug machines he stocks? Explain.c. Suppose now that the $10 mentioned as profit is instead the excess cost per day for eachmachine and that the shortage cost is unknown. Assuming that the optimal number ofmachines is four, what is the implied range of shortage cost per machine?
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Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating costs if there is sufficient business, but are more expensive if they are not full. CC has estimates of monthly shipping demand. What comparison method(s) would be appropriate for choosing which trucks to lease? 1.Present Worth(PW) 2.Annual Worth(AW) 3.Payback Period
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