Goop Inc needs to order raw materials to make a special polymer. The demand for the polymer is forecasted to be Normally distributed with a mean of 200 gallons and a standard deviation of 100 gallons. Goop sells the polymer for $30 per gallon. Due to government regulations, goop purchases raw material for $10 per gallon and must spend $5 per gallon to dispose of all unused raw material. (One gallon of raw material yields one gallon of polymer.) If demand is more than Goop can make, then Goop sells only what it made and the rest of the demand is lost.
Suppose Good purchases 250 gallons of raw material. What is the probability that they will run out of raw material?
Suppose Goop purchases 250 gallons of raw material. How many gallons of demand on average would remain unfulfilled?
Suppose Goop wants to ensure that there is a 90% probability that they will be able to satisfy the customer’s entire demand. How many gallons of raw material should they purchase?
Suppose Goop purchases 250 gallons of raw material. What would be its expected demand/supply mismatch cost?
How many gallons should Goop purchase to maximize its expected profit?

Answers

Answer 1

The probability is 0.3085. Average unfulfilled demand is 15.425 gallons. Quantity of raw material to satisfy 90% of customer demand is 71.84 gallons. Expected demand/supply is -$615.25. Quantity of raw material to maximize expected profit cannot be determined.

To answer the questions, we need to calculate the relevant probabilities and expected costs/profits based on the given information.

Probability of running out of raw material:

To calculate the probability that Goop will run out of raw material, we need to find the probability that the demand exceeds the quantity of polymer that can be produced with the purchased raw material.

The demand for polymer is normally distributed with a mean of 200 gallons and a standard deviation of 100 gallons. Since one gallon of raw material yields one gallon of polymer, the maximum quantity of polymer Goop can produce with 250 gallons of raw material is 250 gallons.

Using the normal distribution, we can calculate the probability of demand exceeding 250 gallons:

P(Demand > 250) = P(Z > (250 - 200) / 100)

= P(Z > 0.5)

≈ 0.3085

Therefore, the probability that Goop will run out of raw material is approximately 0.3085 or 30.85%.

Average unfulfilled demand with 250 gallons of raw material:

To calculate the average unfulfilled demand, we need to find the expected value of the excess demand when Goop runs out of raw material. If the demand exceeds the quantity of polymer produced, the remaining demand will be unfulfilled.

Using the normal distribution, we can calculate the expected value of the excess demand:

Expected Excess Demand = (Mean Demand - Quantity Produced) * P(Demand > Quantity Produced)

= (200 - 250) * 0.3085

= -15.425

Therefore, on average, approximately 15.425 gallons of demand would remain unfulfilled.

Quantity of raw material to satisfy 90% of customer demand:

To ensure a 90% probability of satisfying the customer's entire demand, we need to determine the quantity of raw material that can meet or exceed 90% of the demand.

Using the normal distribution, we need to find the Z-score corresponding to a 90% probability:

Z = InvNorm(1 - 0.9) ≈ InvNorm(0.1) ≈ -1.2816

Now, we can calculate the required quantity of raw material:

Quantity of Raw Material = Mean Demand + (Z * Standard Deviation)

= 200 + (-1.2816 * 100)

= 71.84

Therefore, Goop should purchase approximately 71.84 gallons of raw material to ensure a 90% probability of satisfying the customer's entire demand.

Expected demand/supply mismatch cost with 250 gallons of raw material:

To calculate the expected demand/supply mismatch cost, we need to consider the cost of unfulfilled demand.

If Goop runs out of raw material, the unfulfilled demand would be the excess demand beyond the quantity produced. Using the normal distribution, we can calculate the expected cost:

Expected Demand/Supply Mismatch Cost = (Expected Excess Demand) * (Cost per gallon of unfulfilled demand)

= (-15.425) * ($30 + $5)

= -$615.25

Therefore, with 250 gallons of raw material, the expected demand/supply mismatch cost is approximately -$615.25 (negative value indicating cost).

Quantity of raw material to maximize expected profit:

To maximize the expected profit, we need to find the quantity of raw material that maximizes the difference between revenue and cost.

By purchasing more raw material, Goop can increase the quantity of polymer produced, which can result in higher revenue. However, there is a trade-off because purchasing additional raw material incurs a cost.

To find the quantity of raw material that maximizes expected profit, we need to consider the revenue, cost of raw material, and cost of unfulfilled demand. A decision model such as optimization or simulation can be used to determine the optimal quantity. Additional information, such as the relationship between revenue and quantity produced, would be required to provide a specific answer in this case.

Please note that without further information about the revenue function and other cost components, it is not possible to provide a precise answer regarding the quantity of raw material that maximizes expected profit.

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Related Questions

an employee recently retired, and the employee received an exit interview, returned a company-issued laptop, and had company-specific programs and applications removed from a personal pc. evaluate this employee's offboarding process and determine what, if anything, remains to be done.

Answers

It is required to disable the employee's user account and privileges.

Since the employee recently retired, the individual underwent an exit interview, returned a laptop that was provided by the employer and had company-specific software uninstalled from a personal computer. All of this points to an appropriate offboarding procedure. Additionally, the user account and rights of the employee must be disabled.

Resetting the employee's email password is crucial once they leave. Data loss could occur if this offboarding method is not followed, which would have major repercussions. Up until their account is cancelled, active contacts will still be able to access the organization's mail and other vital portals. To prevent access to any modules or information, it is advised to remove the user's permissions while their account is still active. This way, all internal administrative tasks pertaining to the user can be finished before their account is deactivated leading to an efficient offboarding.

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1. Consider the production function Q = (0.5K1/3 + 0.5L1/3)3 . Suppose the firms want to minimize the cost of producing 8 units of output. It pays a wage rate W of $40 and capital cost R of $10. How many units of labor and capital should the firm use?

Answers

Answer:

The answer is "k= 16 units and L=0 units"

Explanation:

Given:

\(Q = (0.5K^{\frac{1}{3}} + 0.5L^{\frac{1}{3}})^3\)

Since K and L are ideal replacements, their company should select its cheapest of two for production. Its business chooses only money.

\(\to Q(K,L)=(0.5 K^{\frac{1}{3}})^3 \\\\\to 8= 0.5K^{(\frac{1}{3})}^3\\\\\to 2= 0.125 \ K \\\\\to K=16\)

\(K=16 \ units \\\\ L=0 \ units\)

For most people, almost two-thirds of each work day is taken up by work and sleep. Please select the best answer from the choices provided T F

Answers

Answer:

True

Explanation:

For most people, almost two-thirds of each workday is taken up by work, and sleep is a true statement.

What is the statement?

Statements are sentences that express a fact, idea, or opinion. Statements do not ask questions, make requests or give commands. They are also not utterances. Statements are sentences that express a fact, idea, or opinion. Statements do not ask questions, make requests or give speech acts. They are also not exclamations.

The term working day refers to the days in the working week, the span of (often five) days that are not the weekend, and when many people work. The word workday means the same thing as a working day

Therefore, By the above statement, for the t two-thirds of each work day is taken up by work and sleep is correct.

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Why is it important to write block a phone before doing forensic analysis?

Answers

It is important to write block a phone before doing forensic analysis because it ensures the integrity of the data on the phone. When a phone is connected to a computer or forensic tool, it automatically creates a connection between the two devices, which can cause the phone to automatically sync or update data.

This can potentially alter or delete important data that may be needed for the forensic analysis. By write blocking the phone, it prevents any data from being written or modified on the device during the forensic analysis process. This ensures that the data remains in its original state, allowing for a more accurate and reliable analysis. Furthermore, write blocking the phone also protects against potential legal challenges. If data is modified or deleted during the analysis, it can compromise the validity of the evidence and potentially render it inadmissible in court. Therefore, write blocking is a crucial step in preserving the integrity of the data and maintaining the credibility of the forensic analysis.

In summary, write blocking a phone before doing forensic analysis is important to prevent any potential data modification or deletion, ensure the accuracy and reliability of the analysis, and protect against legal challenges. Mobile phones contain a wealth of personal and sensitive information, making them a valuable source of evidence in criminal investigations. However, the data on a phone can be easily altered or deleted, which can compromise the accuracy and reliability of the forensic analysis. This is why it is important to write block a phone before conducting forensic analysis. In conclusion, write blocking a phone before doing forensic analysis is a crucial step in preserving the integrity of the data and maintaining the credibility of the forensic analysis. It prevents any potential data modification or deletion, ensures the accuracy and reliability of the analysis, and protects against legal challenges.

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Please, someone help me. :(

Please, someone help me. :(

Answers

Answer:

All u have to do is graph the points from the table above

Explanation:

In the manufacturing sector, small businesses sometimes have an advantage over large firms because small businesses
answer choices
are exempted from paying taxes in most countries.
can customize products to meet specific customer needs and wants.
have a better access to highly skilled workers.
can mass produce and supply goods in bulk.
have better access to funds and can invest on sophisticated equipment.

Answers

In the manufacturing sector, small businesses sometimes have an advantage over large firms because small businesses can customize products to meet specific customer needs and wants. Thus, option (b) is correct.

What is manufacturing?

The term manufacturing refers to manufacture the product. The product was the converted into the raw material and the finished goods. The manufacturing is the process of the manufacture of the goods. The goods are the related to the sale in the market.

According to the manufacturing sector in the small business customize commodities to get together particular customer needs and wants as the benefit to the large firm. it was the unique in the client preferences basis.

As a result, the significance of the manufacturing are the aforementioned. Therefore, option (b) is correct.

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What is the very least amount of interest you could be charged, if you are charged at all?

Answers

Answer:

Most work in a manner that as you process more in the month and cover the minimum amount, the less you pay until you cover the full cost. For example, if your monthly minimum is $10.

A 65-year old individual has just retired after working for the same employer for 20 years. He will collect an annual pension benefit of $50,000, but is not yet ready to stop working. He has lined up a part-time job that will pay $3,000 this coming year. How much can he contribute to a Traditional Individual Retirement Account for his first year in retirement

Answers

Answer:

$3,000

Explanation:

Based on the information given we were told that he has a PART-TIME JOB THAT WILL PAY him the amount of $3,000 this coming year which means that the amount he can contribute to a TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT for his first year in retirement will be the EARNED INCOME of the amount of $3,000 which will therefore be his maximum INDIVIDUAL RETIREMENT ACCOUNT (IRA) contribution for this year.

TRUE/FALSE. an incentive program that encourages new ideas, whether for new products or better processes, is a good way to generate capital investment proposals.

Answers

An incentive program that encourages new ideas, whether for new products or better processes, is a good way to generate capital investment proposals. This statement is True.

What is Capital Investment?

A corporation makes a capital investment when it buys tangible assets to utilize in achieving its long-term goals and objectives. Among the assets that are bought as capital investments are real estate, factories, and equipment.

A wide phrase, "capital investment" has two separate definitions:

Capital investment in a company may be made by an individual, a venture capitalist organization, or a financial institution. The funding may come in the form of a loan or a future profit-sharing payment. Capital refers to money in this sense.

A corporation's management may invest money in the company using capital. They invest in long-term assets like machinery that will enable the business to operate more effectively or expand more quickly. Capital here refers to tangible assets.

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1. What is the author trying to say in comparing Becky's world with Desta's world?

Help me

Answers

Answer:

The author is trying to say that the living standards of different classes of people depend on the economic choices they make and the economy of the nations they find themselves in.

Explanation:

The topic, "Mathematics and Economic Reasoning," began by comparing the world's of two girls namely Becky and Desta. Becky who lives in America has a good and comfortable living standard. Her father works at a good law firm where he earns well enough to cater for his family. He has some savings, insurance, two cars, and a partially mortgaged house.

Desta, on the other hand, lives in a poor village in Ethiopia where her family depend on farming to survive. They have no running water, electricity, adequate healthcare, enough food, etc. The author drew these comparisons to show that the environment a person finds himself can affect his economic standard of living.

Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one from a lesser-known brand.

Which questions should she consider before she buys the jacket? Check all that apply.

Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Will her sister like the jacket too?

Answers

Answer: Is advertising influencing her?

What are her motivations?

Has she compared prices?

Is she buying at the right time?

Explanation:

The questions that she should consider before she buys the jacket include:

• Is advertising influencing her?

• What are her motivations?

• Has she compared prices?

• Is she buying at the right time?

Before buying the jacket, the question "Will her sister like the jacket too?" shouldn't be considered as she is looking to satisfy her own needs and not that if her sister and in this case, he sister shouldn't have an impact on her buying decision.

Answer:

A, B, C, D

Explanation:

edge2021

In negative self talk, filtering is when a person _______. a. Focuses only on their problems, ignoring their successes b. Blames themselves for every problem, whether it was their fault or not c. Believes that every situation will end badly d. See themselves as a failure for not living up to impossible standards

Answers

Answer:

In negative self talk, filtering is when a person Focuses only on their problems, ignoring their successes

Explanation:

In negative self talk, filtering is when a person is being negative filtering positive stuff and turning it to something negative instead.

For example if someone passes a test but instead of being proud they feel as if they could have tried harder or gotten a higher grade, that person is filtering their success into negative things.

Hope this helps, Have a great day! :D

In negative self-talk, filtering is when a person focuses only on their problems, ignoring their successes. Thus, option A is the correct option.

What is negative self-talk?

When your inner voice is too critical and negative, it is said to be engaging in negative self-talk. It is gloomy and emphasizes the negative. Your self-esteem is damaged, and you are prevented from realizing your potential. It might give you the impression that you will fail even before you begin. Repetitive negative self-talk frequently doesn't correspond to reality.

Rumination, which is repeated with intrusive unpleasant thoughts, might result from it. You will experience negative thoughts about yourself most of the time. This might get you down, and it can be difficult to get back up once you're down. People with anxiety or depression frequently exhibit negative self-talk. It might be overwhelming and impossible to escape from the incessant negative talk.

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Which two are benefits of equity funding? (Choose two)


1. Loan payments are predictable; they do not change with the fortunes of the business.
2. Can be used to raise working capital.
3. Investors do not get paid if the business does not make a profit.
4. Loan payments can be set up so they match seasonal sales of the business.
5. Investors have no say in the management or direction of the business.

Answers

The benefits of equity funding are it can be used to raise working capital.

Investors do not get paid if the business does not make a profit. Option 2 and option 3 are appropriate response.

What is equity funding?

The practice of raising money through the selling of shares is known as equity funding. Companies raise money to pay expenses in the short term or because they have a long-term objective and need money to invest in their expansion.

A firm effectively sells ownership in their business when it sells equity shares in exchange for money. There are two methods of equity funding: the private placement of stock with investors and public stock offerings.

Equity funding is used when companies, have a short-term need for cash. It is used to raise working capital. It carries no repayment obligation, investors are only paid when the business is profitable.

Hence option 2 and option 3 are correct response.

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true or false when a provider has market dominance, and hence can set its own prices (within reason), it is called a price taker.

Answers

The statement "when a provider has market dominance, and hence can set its own prices (within reason), it is called a price taker" is false because that is called a price setter, not a price taker.

What is a price setter?

A price setter is a business or industry that has control over the market price of goods or services. This is achieved through the use of monopolistic competition, oligopoly, or a monopoly. In an oligopoly, for example, the top four firms account for 80% of the market. These businesses have considerable power over the market since their pricing and output strategies influence market conditions. The company can set its prices above those of its competitors due to its monopoly position. This will be to maximize profits by charging the highest price that consumers are willing to pay.

What is a price taker?

A price taker, on the other hand, is a firm or industry that accepts the market price determined by supply and demand forces. Small businesses and startups are more likely to be price takers since they lack market power to set prices. The market price is the going rate for a product or service. Businesses that do not have a monopoly or oligopoly position are price takers, and they must accept the market price. They have no influence over the market price since their output is minor, and they must accept the market price to be competitive.

What is market dominance?

Market dominance is when a company or group of firms controls a significant portion of the market. A company that holds a significant portion of the market may have an unfair advantage over its competitors, which can lead to a monopolistic or oligopolistic market. When a company has market power, it can charge higher prices or reduce product quality without fear of losing customers. Governments frequently take measures to promote competition and prevent businesses from dominating the market, to protect consumers from paying excessive prices.

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Which career pathways involve high risk due to exposure to dangers?

Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Intelligence Analysts in the Security and Protective Services pathway
Intelligence Analysts in the Security and Protective Services pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway

Answers

Answer:

Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.

Explanation:

The career pathways that  involve high risk due to exposure to dangers is :

A) Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.

"Career Pathways"

The career pathways that involve high risk due to exposure to dangers is:

Firefighters in the Emergency

Firefighters too give an critical part in teaching the open with respect to fire and security.

Instructing fire anticipation and teaching the open on how to reply in crisis circumstances can offer assistance spare lives.

Fire Management pathway

Candidates require a long time of work encounter in law requirement, fire security, or an crisis administration field.

Crisis administration executives ordinarily require a bachelor's degree

Correctional Officers in the Corrections pathway

Corrections officers may do a few or all of the taking after:

supervise prisoners' day by day schedule, which incorporates feast, work and amusement times. screen, evaluate and oversee the conduct and security of detainees watch jail buildings and grounds.

Detention Officers in the Law Enforcement pathway.

A detainment officer forms prisoners, keeps up imprison security, serves dinners, transports detainees, gets and forms detainees into care of educate, looks detainees, and takes charge of individual property and gives detainees with opportunity to call their lawyer or relative.

A Career Pathway traces the positions, compensation, and preparing required to development in an industry.

Thus, the correct answer is A.

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According to the reading, the main body of a business plan does NOT normally include which of the following:

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According to the reading, the main body of a business plan does not normally include a full roster with names, of all planned hires for at least six months.

A business plan refers to a written document that helps in describing the activities of a business, its objectives, and how it intends to achieve its goals.,

It should be noted that a good business plan should include the executive summary, the products and services that the company offers, their analysis, and the marketing strategies.

A business plan is required in order to attract investors. It's also useful so that the company can have an effective strategy in place that will be used for the company's growth.

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According to the reading, the main body of a business plan does NOT normally include which of the following:

Answer:

D-A full roster, with names, of all planned hires for at least six months.

Explanation:

took the quiz

You've been asked to be the speaker for a 1-hour presentation at a large conference. The conference committee scheduled your presentation in a ballroom with a capacity of 500 people. You've been told approximately 465 people have enrolled in your session.
What environmental factor must you consider that could impact your message? (select the best answer)

Bad weather

Audio equipment

How many people attend your presentation

The traffic getting to the conference center

Answers

The traffic getting to the conference centre is the environmental factor must you consider that could impact your message. Hence, option D is correct.

What is environmental factor?

In relation to genetics, environmental influences include things like pesticides or industrial waste we are exposed to where we live or work, unhealthy lifestyle choices like smoking or eating poorly, and stressful events.

Environmental elements include things like air, water, climate, soil, natural vegetation, and landforms. By definition, environmental factors have an impact on daily life and are a significant contributor to disparities in health between regions.

Thus, option D is correct.

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Option #1: Tractor Sales International Tractor Motors (ITM) had recently undertaken an ad campaign aimed at agricultural owners in a certain country in Asia. The ad campaign was devoted to promoting the new IT-8 large specialty tractor. Four sales associates were assigned to sell in different medium to large farms throughout the country for many days. One associate was assigned to the northern part of the country. Another was assigned to the southern part. The other two were assigned to the west and east, respectively. Because of regulations, a sales associate can sell at most one IT-8 tractor per day and only one such tractor per farm, too. A sales associate was successful if he or she sold a tractor during the day. Thus, ITM can sell at most 4 tractors ( 4 total sales) per day in this country. Download the file titled Tractor Successes ↓. It contains a scatter plot of the number of successes versus frequency. To compare the results to the Binomial Distribution, complete the following: 1. Explain why this tractor sales scenario can be a binomial experiment. 2. Using the Tractor Successes scatter plot, construct a frequency distribution for the number of successes. 3. Compute the mean number of successes. The formula for the mean is as follows: Σf
Σ(r⋅f)
The terms x represent the total number of successes (0,1,2,3,4} and f is the corresponding frequency \{number of days where x successes occurred). Explain what the numerical result means. 4. From the frequency distribution, construct the corresponding relative frequency distribution. Explain why the relative frequency distribution table is a probability distribution. Then, use Excel to create a scatter plot of the probability distribution: Select the two columns of the probability distribution. Click on INSERT, and then go to the Charts area and select scatter. Then choose the first Scatter chart (the one without lines connecting). 5. Using the frequency distribution, what is the tractor sales success average? In part 3 , note that the numerator in the formula for the mean is the total number of successes. The total number of trials is the denominator of the formula for the mean multiplied by 4 . What does this average mean? 6. The Binomial Distribution is uniquely determined by n, the number of trials, and p, the probability of "success" on each trial. Using Excel, construct the Binomial Probability Distribution for four trials, n, and probability of success. p. as the tractor sales success average in part 5. Here is an explanation of the BINOM.DIST function in Excel. For example, In Excel = BINOM.DIST(7.15.0.7. FALSE) represents the probability of 7 successes out of 15(n) trials. The 0.7 is the probability of success, p. Using the above value of n=4 with probability of success, p, as the tractor sales success average in part 5 , what is the probability of at least two successes? 7. Using the formula for the mean of the Binomial Distribution, what is the mean number of successes in part 6 above? 8. In Excel, create a scatter plot for the Binomial Distribution. The instructions for creating a scatter plot are in part 4 above. 9. Use the results above to compare the probability distribution of tractor sales successes and the Binomial Distribution. Compare the means in parts 4 and 6 , too. If the probability distribution of tractor sales successes and the Binomial Distribution differ, explain why that is so. - Do you think the Binomial Distribution is a good model for the tractor sales success scenario? Why or why not? - How can International Tractor Motors use the Binomial Distribution to approximate tractor sales in similar countries? - In what other scenarios can International Tractor Motors use the Binomial Distribution? Explain. Number of Tractor Successes Number of Successes Frequency

Answers

1. This tractor sales scenario can be considered a binomial experiment because it satisfies the properties of a binomial experiment: a. There are a fixed number of trials (selling days). b. Each trial (selling day) is independent of the others.

c. Each trial has two possible outcomes: success (selling a tractor) or failure (not selling a tractor). d. The probability of success (selling a tractor) remains the same for each trial. e. The trials are mutually exclusive (only one tractor can be sold per day).

What are the responses to other questions?

Responses to other questions are as follows:

2. The frequency distribution for the number of successes is as follows:

Number of Tractor Successes | Frequency

--------------------------------------------|----------

0 | 5

1 | 6

2 | 9

3 | 4

4 | 1

3. To compute the mean number of successes, we multiply each number of successes by its corresponding frequency, sum up the products, and divide by the total number of trials (selling days, which is 25 in this case):

Mean number of successes = (0×5 + 1×6 + 2×9 + 3×4 + 4×1) / 25 = 1.56

The numerical result of 1.56 means that, on average, ITM sells approximately 1.56 tractors per day in this country.

4. The relative frequency distribution table is a probability distribution because it represents the probabilities of different outcomes (number of successes) occurring. The sum of all relative frequencies is equal to 1, indicating that the total probability of all possible outcomes is 1.

Here is the relative frequency distribution table:

No. of Tractor Successes. | Frequency | Relative Freq.

------------------------------|-----------------|------------------

0 | 5 | 5/25 = 0.2

1 | 6 | 6/25 = 0.24

2 | 9 | 9/25 = 0.36

3 | 4 | 4/25 = 0.16

4 | 1 | 1/25 = 0.04

Using calculating software, creating a scatter plot of the probability distribution using the relative frequency values is possible.

5. Using the frequency distribution, the tractor sales success average is calculated by summing the products of the number of successes and their corresponding frequencies, divided by the total number of trials:

Tractor sales success average = (0×5 + 1×6 + 2×9 + 3×4 + 4×1) / 25 = 1.56

This average means that, on average, ITM sells approximately 1.56 tractors per day in this country.

6. To calculate the probability of at least two successes, we can use the BINOM DIST function in the calculating software. With n = 4 (number of trials) and p = 1.56/4 (probability of success on each trial), the formula would be:

=1 - BINOM DIST(1, 4, 1.56/4, TRUE)

The probability of at least two successes is approximately 0.9317.

7. The mean number of successes in the Binomial Distribution can be calculated using the formula:

Mean number of successes = n × p

Substituting the values from part 6, we get:

Mean number of successes = 4 × (1.56/4) = 1.56

The mean number of successes is the same as the tractor sales success average calculated in part 5.

8. Using calculating software, a scatter plot for the Binomial Distribution can be created using the probability distribution values obtained from the BINOM DIST function.

9. Comparing the probability distribution of tractor sales successes and the Binomial Distribution, the means in parts 4 and 6 are the same (1.56). This suggests that the Binomial Distribution is a reasonable model for the tractor sales success scenario.

The probability distribution of tractor sales successes and the Binomial Distribution may differ in terms of specific probabilities for each number of successes due to the limited sample size (25 selling days). The Binomial Distribution assumes an infinite number of trials, while the actual sales data is based on a finite number of trials.

However, the overall pattern and average number of successes align between the two distributions, indicating that the Binomial Distribution can still provide a good approximation for the tractor sales success scenario.

International Tractor Motors can use the Binomial Distribution to approximate tractor sales in similar countries by estimating the average probability of success based on historical data or industry knowledge.

The Binomial Distribution can be used in other scenarios where there are a fixed number of independent trials with two possible outcomes and a constant probability of success.

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what do you expect to happen in the long run for the corn industry given this recent success?

Answers

The corn industry has achieved recent success due to various factors like good weather, effective planting, and efficient farming practices. In the long run, it is expected that the corn industry will continue to experience growth and expansion, and become even more profitable.

In the long run, it is expected that the corn industry will continue to expand and thrive, thanks to the advances and successes that it has achieved. The industry's focus will be on promoting more environmentally friendly practices that will help to minimize the industry's impact on the environment, while also meeting the demands for corn as a food and fuel source.The industry will also be focused on developing new and innovative technologies and practices that will help to increase yields and enhance overall crop quality. In addition to this, the industry will need to remain competitive in order to remain profitable and stay ahead of other competing crops, like soybeans and wheat.In conclusion, the corn industry is expected to continue its success in the long run by focusing on sustainable farming practices, innovation, and competitiveness. This will help the industry to remain profitable while also meeting the demands of consumers and the environment.

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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.​

Answers

Explanation:

to eliminate their best efforts in the company

Answer:

"bureaucratic barriers"

Explanation:

i got it right on plato

a) What are the impacts of unemployment based on your observations to the economy of Oman? Justify your answer by providing situations with economic related data you observed in Oman supported with the theories that you learned.
b) High level of unemployment and inflation is refered to as "twin evils" if not controlled. What are the vast consequence of the "twin evils" to the society? Discuss in detail how "twin evils" could result to financial break down.

Answers

Unemployment can have significant impacts on the economy of Oman, as it causes lower production and less consumption, resulting in a reduced standard of living. The situation can be demonstrated using data from Oman's unemployment rate.

According to the Central Bank of Oman, Oman's unemployment rate was 16.8 percent in 2020. It suggests that Oman is going through a difficult period, as the unemployment rate is one of the most critical indicators of economic health.Inflation, on the other hand, is an economic term used to describe the rise in goods and services prices over time. High inflation and unemployment rates can lead to various economic issues, including lower productivity and higher costs of production. Furthermore, high unemployment rates in Oman could result in a rise in social issues such as poverty, crime, and social unrest. Oman's government must promote employment opportunities, mainly among its young and expanding population, to address the issue.The "twin evils" of high unemployment and inflation can result in significant financial breakdowns. When there is a financial breakdown in a country, the economy suffers a severe impact, which can have negative impacts on both businesses and consumers. High unemployment rates can result in lower productivity and decreased consumption, which can have a substantial impact on businesses. When businesses are affected, consumers are also affected because they are the ones who will experience the consequences. Furthermore, inflation can have a significant impact on the economy, as it leads to a decrease in the purchasing power of the currency. When the currency's purchasing power is low, prices rise, which can lead to increased costs for businesses, lower profits, and reduced investment.

In summary, high unemployment and inflation rates are referred to as the "twin evils," which can cause significant issues in the economy. Oman's government must work to promote employment opportunities, mainly among its young and expanding population, to address the issue. Furthermore, inflation can have a significant impact on the economy, as it leads to a decrease in the purchasing power of the currency. Oman's government must find a way to address these issues to prevent a financial breakdown in the country.

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David Fisher, a recently retired corporate executive, is becoming restless in his new role and would like to make this transition smoother by participating in the business community in some limited manner. Since David is financially secure and primarily interested in some sort of volunteer work, he should consider becoming involved with which of the following SBA programs?

a. ACE
b. SBIC
c. SBDC
d. SBI
e. SCORE

Answers

Answer:

E. Score

Explanation:

a service provided by -e-government that requires access to the Internet is _____.

A. RFID tags

B. E-tax returns

C. Radio programming

D. CCTV (Closed circuit TV)

Answers

Answer:

B. E-tax returns

Explanation:

E-tax returns is the electronic filing of tax returns via the internet.  It entails online submission of pre-approved tax return forms available on the tax authority's website.

In recent years, governments have put measures to facilitate e-returns. It has simplified the process making it popular among taxpayers. Electronic tax filing has have contributed to having a high number of citizens registering as taxpayers.

on september 1, year 1, west company borrowed $54,000 from valley bank. west agreed to pay interest annually at the rate of 9% per year. the note issued by west carried an 18-month term. west company has a calendar year-end. what is the amount of interest expense that will be reported on west's income statement for year 1?

Answers

The amount of interest expense that will be reported on west's income statement for year 1 is $1619.838.

What is an expense for interest?

The expense of interest is related to the price of borrowing money. The fee incurred by a business for borrowed cash is known as an interest expenditure. Interest expense can be the cost of borrowing money from banks, bondholders, and other sources on the income statement.

Given:

The interest expenses will be charged for 4 month (September 1 to December 31)

Interest expenses = $54,000 × 9% × 4/12

Interest expenses = $54,000 × 0.09 × 0.3333

Interest expenses = $1619.838

So, the amount of interest expense that will be reported on West's income statement for Year 1 is $1619.838

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which basic supply chain flow is usually the most important?

Answers

The most important flow in the supply chain is the flow of information. Without a clear and consistent flow of information between different parts of the supply chain, the chain cannot function smoothly.

Supply chain flow refers/relates to the movement of goods, materials, and information from suppliers to customers. Information flow is a key component of the supply chain as it provides the visibility and transparency needed to make informed decisions and maintain efficient operations.

Inaccurate or incomplete information can cause supply chain delays, disruption and additional costs. A clear and consistent flow of information enables companies to respond quickly to changing market demands and address issues that arise in their supply chains.

Effective communication and collaboration between all parties involved in the supply chain helps improve efficiency, reduce costs and improve customer satisfaction.

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Complete question:

What is the most important supply chain flow? Without it, supply chains cannot flow seamlessly. Which one is it?

Based on the regression equation, we can _______________.

Predict the value of the dependent variable given a value of the independent variable
Measure cause and effect
Measure the association between two variables
Predict the value of the independent variable given a value of the dependent variable
----------------------------------------------
A sales manager for an advertising agency believes that there is a relationship between the number of contacts that a salesperson makes and the amount of sales dollars earned.
What is the dependent variable?
Number of contacts
Amount of sales dollars
Sales person
Sales manager

Answers

Given a value for the independent variable, one can predict the value of the dependent variable using the regression equation. Hence, Option A is correct.

The amount of sales dollars is the dependent variable. Hence, Option B is correct.

What is the meaning of dependent variable?

The variable that alters as a result of the modification of the independent variable is known as a dependent variable. The result that interests one is what they're measuring, and it "depends" on the independent variable.

Statistical terms for dependent variables include: When one variable changes, the response variables adjust as well.

Therefore, Option A for part A and Option B for Part B are correct.

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A C corporation earns $8.30 per share before taxes and the company pays a dividend of $4.00 per share. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the after-tax amount an individual would receive from the dividend?

Answers

Answer:

$3.4

Explanation:

The computation of the after-tax amount that received from dividend is shown below:

The Dividend is $4 per share

And, the tax on dividend is 15%

So, after tax amount after receiving the dividend is

= dividend - dividend × tax on dividend

= $4 - $4 × 15%

= $4 - $0.6

= $3.4

It is to be paid by the corporation it is not the liability of an investor

A standing Order of $25 for insurance appears in the debit column of the Bank Statement. This amount does not appear in the Cash Book. How is this item treated in order to update the Cash Book.

a. Substract the $25 from the Bank Statement balance
b. Add $25 to the Bank Statement balance
c. Credit the Bank Account with $25
d. Debit the Bank Account with $25

Answers

Answer: c. Credit the Bank Account with $25

Explanation:

Insurance is an expense which means that the Standing Order reduced the amount of cash that the company had in the bank and this was reflected by the bank statement.

In order to reconcile the bank statement balance to the bank account balance, the bank account balance needs to be reduced as well. As it is an asset, it will be reduced by crediting it for the $25 standing order.

Write a short paragraph describing the benefits of working as a team to complete a project.

Answers

Answer:

A group of people who have to achieve common goal is known as team. If we work in team it increases our creativity and learning, it also builds trust. It boost the particular person when we work in team. We can also learn faster. There are more chances of getting success in particular area if we work in team. As there is saying, " together we can achieve more what each of us can achieve." It also enhances productivity and capability.

PLZ HELP ASAP 20 POINS FOR CORRECT ANSWER!!!!!!! Jonson Works in a retail store and updates all the sales records by the end of the day he needs to send the weekly sales report to his supervisor which type of data processing technique will he use to carry out his duties efficiently?

Johnson will use the__processing system to update the sales records send a weekly report to a supervisor​

Answers

Answer:

data processing system

Answer: Transaction processing system

Explanation: im the ceo of apple

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