Crashing Projects Exercise Given below is the information for the IT project we discussed in our Week 5 commentary and its network diagram. In the Week 5 commentary‚ we crashed the project by three days‚ i.e.‚ from 20 to 17 days by crashing Activity C for two days and Activity F by a day. Now proceeding from here: Activity ID Predecessor Normal Time (Days) Crash Time (Days) Normal Cost Crash Cost ($’000) ($’000) A - 5 2 $100 $205 B - 6 3 $140 $205 C - 7 5 $140 $200 D A‚ B 6 2 $100 $340
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1. List the three largest categories that make up the market basket that is used to compute CPI. According to Figure 1 in our textbook‚ there are many categories that make up the market basket used to calculate CPI. They are Housing‚ Transportation‚ Food and beverages‚ Medical care‚ Recreation‚ Education and communication‚ Apparel‚ and other. The three largest categories consist of Housing at 43%‚ Transportation at 17% and Food and beverages at 15%. These three combined make up 65% of the market
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Taiwan‚ China and even Germany. It keeps expanding itself by improvements as well. For example‚ it replaced plastic screens by glass screens in 2004. Secondly‚ the fact that globalization has made the rules less strict‚ it becomes easier for Apple to set up factories in different countries. Thirdly‚ Apple also uses the competitive advantages of foreign locations. For example‚ this place is an expert of manufacturing particular device then Apple can give this certain task to it and ensures the high quality
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the banks increased their excess reserve ratio. 3.) If the Fed wanted to increase the money supply without using open market operations‚ it could try to get the public to decrease their currency holding ratio and decrease banks’ reserve requirements. 4.) Changes in reserve requirements directly and immediately affect: the money multiplier. 5.) If banks decided to increase their holdings of excess reserves‚ none of the above. MONEY SUPPLY PROCESS: The money supply process is based on changes in the
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they will pass each other safely. So‚ in all scenarios‚ a given player will not have any dominant strategy. b. Is there Nash equilibrium in this game? Explain. I do believe that there is Nash equilibrium in this game. Nash equilibrium is “a set of strategies from which all players are choosing their best strategy‚ given the actions of the other players” (Farnham‚ 2010‚ p. 234). The driver will drive on the correct side of the road because this is their best strategy‚ assuming that the other
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the birth date . and allow them to choose which ad or commercial they thought was the best. By adding a function for birthday information I can measure the age range of those whom complete the poll. • What special problem do open-ended questions have? How can these be minimized? In what situations are open-ended questions most useful? Open-ended question leave the possibility for more question to be asked . If ther e is no end to the question of if
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wants to expand its limited portfolio of RTE food products. Transaction data for the past 1 year is available. How would you go about understanding the type of products to be introduced? What is the launch strategy for the products chosen? Case Study 4: Acquisition vs New product development A food major in the market with no chips brand in its portfolio. A decision has been made at the board level to either acquire an existing brand or launch a new one in this space. You are in charge of implementing
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property diminishes the value of the area‚ so overall it is a loss for the community. Hazlitt would say that the tailor‚ many people‚ are being left behind in the consideration and that all angles need to be evaluated to be a good economist. 4. Changes in the quantity of money affect a. interest rates b. prices c. production d. All of the above are correct 5. Which list ranks assets from most to least liquid? a. currency‚ fine art‚ stocks b. currency‚
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Economics TOPIC 4: AGGREGATE DEMAND (AD)/ AGGREGATE SUPPLY (AS) MODEL Learning Objectives • Understand AD and AD curve • Discuss factors shifting AD curve • Understand AS and AS curve • Discuss factors shifting AS curve • Understand Macroeconomic equilibrium LO1 Aggregate Demand (AD) • AD refers to the real GDP demanded • • • at each price level. Y = AD = C + I + G + (X – M) There is an inverse relationship between real GDP demanded and the price level. AD curve is downward
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Study Guide for Exam IV Econ 302/BUS 302 The exam is similar in length and form to the previous 3 exams. Bring a tall‚ green skinny scantron to the exam‚ a calculator‚ and a pencil. Scratch paper will be provided‚ if needed. You will be provided with a copy of the t-distribution on page 920 in the text‚ and the F-distribution on page 925. The formulas for the full F test statistic and the partial F test statistic will be given on the exam. All other formulas you will be expected to know (excluding
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