14. ESA Dealers, Inc. is contemplating on how many units of cars to order to meet the customer demands forthe month based on the following projection:Demand1 unit2 unitProbability10%50%3 units40%The profit for each unit sold is P 200,000 while the carrying cost for each unit of unsold car is P 50,000.How many units of cars should ESA order and why?

Answered: ESA Dealers, Inc. is contemplating on…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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A water bill is composed of two components: A base charge and a water consumption charge. 2019 Rates 2020 Rates Base Charge $24.16 $25.37 2019 Rates 2020 Rates 0-34 water units $2.64 $2.77 35-54 water units $3.19 $3.35 More 54 water units $3.99 $4.19 Calculate the cost of water for 2019 if you used 48 water units. (Number only. Use the situation to decide appropriate rounding.)
The prices of agricultural commodities for 1946-47 and for the inonth of Dece:mber 1950 are given below along with the value of the output of hese commodities in 1946-47: Value of outptl in million (Rs.) Prices ELIII Commodities Unit 1946-47 (Rs.) Dec. 1950 (Rs.) (1946-47) 13.75 9-70 8364 Rice Wheat Jowar maund таund 13-75 9.70 2207 6:03 8.00 876 maund 466 00 433.00 701 Cotton (raw) Tea Ibs. 1:25 1:75 534 Ibs. Calculate the weighted index mumber of prices of these commodities for December 1950 taking 1946-47 as base.
Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 400,000 260,000 140,000 40,000 100,000 Average operating assets $ 500,000 If the company's minimum required rate of return on average operating assets is 16%, its residual income would be: Multiple Choice О $20,000. $21,000. $22,000. $23,000.
The method that is used to calculate employees pay according to different levels of production is: a. Differential pay b. Straight commission c. Variable commission d. Straight piece rate
Step 3: Assess the Evidence (Calculate the test statistic for the observed sample mean. Sketch the T-distribution and identify the position of the observed test statistic. Shade the area that represents the P-value. Use the test statistic to find the P-value.)
5 Imagine that a company sells portable walkie-talkie radios to construction crews. The batteries for these radios last for an average of 55 hours. The purchasing manager for this company receives a brochure in the mail that advertises a new brand of batteries. This new brand of batteries is cheaper than the brand that the company currently uses. However, the purchasing manager is concerned that the cheaper batteries may have a shorter average battery life than the current brand. (Note: The number of hours that batteries last is called their battery life.) The pricing manager installs 40 randomly selected batteries of the cheaper brand in the company's walkie-talkie radios. He finds that the mean battery life for the sample is 52 hours, with a standard deviation of 10 hours. He wants to perform a statistical test at the 1% level of significance to determine whether the cheaper batteries have a shorter average battery life span than the average life span of the brand of batteries the…
Sandhill Company completes and transfers out 13,720 units and has 1,960 units of ending work in process that are 25% complete as to conversion costs. Materials are entered at the beginning of the process, and there is no beginning work in process. Assuming unit. materials costs of $3 and unit conversion costs of $5 , what are the costs to be assigned to units (a) completed and transferred out and (b) in ending workingrocess?
A local firm is planning its workforce and production levels over the next year. The firm makes a variety of microprocessors and uses sales dollars as its aggregate production unit. Based on orders received and sales forecasts provided by the marketing department, the estimate of dollar sales for the next year by month is as follows: Month Production Days Predicted Demand(in $10,000) Month Production Days Predicted Demand(in $10,000) January 20 595 July 20 410 February 19 225 August 21 130 March 22 565 September 19 405 April 18 205 October 23 315 May 21 230 November 21 355 June 22 120 December 18 350 Inventory holding costs are based on a 25% annual interest charge. It is anticipated that there will be 675 workers on the payroll at the end of the current year and inventories will amount to $120,000. The firm would like to have at least $100,000 of inventory at the end of December…
An entrepreneur who owns and operates two businesses (A and B) would like to analyze their profitability. They would like your help in the analysis. They give you the annual net profit (in thousands of $) for each business from 2008-2020. Table 1: Annual Net Profits for Businesses A and B Business Year Profit Business Year Profit 2008 -50 2008 -10 2009 57 2009 30 2010 71 2010 27 2011 64 2011 22 2012 60 2012 21 2013 50 2013 20 A 2014 41 2014 24 2015 59 2015 24 2016 71 2016 32 2017 71 2017 36 2018 74 2018 37 019 81 20 40 2020 97 2020 49 a. Suppose you want to graph the distribution of profits. Explain why using only one stem- plot might not be optimal for the analysis. b. Describe the correct stemplot to use. Generate this stemplot. Explain your steps. What can you say about the distribution from this stemplot? c. When are stemplots useful? And why is that? d. Suppose that instead of having 26 observations you have 200 observations. What graph should you generate? e. What other type of…
Given the Information in the below table's, calculate the total cost if you choose the: i) Level Strategy with average production per day. ii) Chase strategy for the production. Month Expected Demand Production Days Jan 600 22 Feb 800 18 March 900 21 April 1000 21 Inventory carrying cost $5 per unit per month Subcontracting cost per unit $20 per unit Average Pay rate $10 per hour ($80 per day) Over time Pay rate $17 per hour (above 8 hours) Labour-hours to produce a unit 1.6 hours per unit Cost of increasing daily production rate $300 per unit Cost of decreasing daily production rate $600 per unit
Suppose this table represents a household's budget: Household Budget: Category Amount (dollars) Taxes 10,000 Rent 20,000 Savings 3000 Food 4000 Entertainment 1000 Utilities 2000 Other 3000 Insurance 3000 Total 51,000 What percentage of the budget is spent on utilities? (Round to the nearest tenth of a percent.) 20 O 3.9 .04 25.5 hp As F8 F8 F1g Pr Scngk Lock ert Home Enter Dalee Ch tim

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