Quiz 3 Name ______________________________ Class Number _________________ 1. Let X be a random variable with Cumulative Distribution Function (CDF) below. Answer the following probability questions: (You must write out CDF notation) – such as 1 2 3 4 5 6 7 8 9 10 .02 .09 .15 .41 .51 .66 .73 .97 .98 1.0 a) Answer _______________________ c) Answer _______________________ d) Answer _______________________ e) Answer _______________________
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found by [50($8) + 50($15) + 100($24)]/200 or $3550/200 16. Andrews and Associates specialize in corporate law. They charge $100 an hour for researching a case‚ $75 an hour for consultations‚ and $200 an hour for writing a brief. Last week one of the associates spent 10 hours consulting with her client‚ 10 hours researching the case‚ and 20 hours writing the brief. What was the weighted mean hourly charge for her legal services? (10%) ANS: $143.75‚ found by ($1000 +$750 +
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MKT1003X Marketing | Glitzz: Devising a Pricing Strategy | Marketing Case Report (5) | | 1. What factors affect the pricing decisions for a product such as Glitzz? Analyze these factors and comment on the range of prices that can be set. The right price must generate enough sales dollars to pay for the costs of developing‚ producing‚ distributing and marketing the product as well as earn a profit for the company. There are various factors that affect the pricing decision such as objectives
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IKEA Case MBA 6020 Keith A. Burke Case Analysis Subject of the Case: IKEA‚ a dominant furniture retailer has to translate a few large weaknesses (positioning‚ weak online sales‚ etc.) in the U.S market into a great opportunities. Define the Problem: Adapting to an ever-aging U.S market where the only thing constant‚ is change. IKEA must develop ways to change and position themselves in a way that they are ahead of “the
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Chapter 1 Marketing: Creating and Capturing Customer Value 1) All of the following are accurate descriptions of modern marketing‚ EXCEPT which one? A) Marketing is the creation of value for customers. B) Marketing is managing profitable customer relationships. C) Selling and advertising are synonymous with marketing. D) Marketing involves satisfying customers’ needs. E) Marketing is used by for-profit and not-for-profit organizations. Answer: C Diff: 2 Page Ref: 2 and 4 Skill: Concept
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N15MAY/3713 MARKETING MANAGEMENT Question : If you are working in a super market‚ what techniques/tools you will use in data collection? How are you going to analysis the data and make inferences? How will you finally apply your market research to improve sales and win over customers? ANSWER: Marketing research is "the process or set of processes that links the consumers‚ customers‚ and end users to the marketer through information — information used to identify and define marketing opportunities
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Getting the Marketing Mix Right Marketers have a wide array of selling tools at their disposal‚ but lack an effective method for predicting their success. Associate Professor Thomas J. Steenburgh and collaborators offer a new model for guiding their marketing investments. Key concepts include: Discrete choice models commonly used to evaluate marketing strategies often provide misleading results‚ leaving managers with the inability to accurately measure how they can get the best bang for their
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* Home * Business * Small Business Information * Marketing * Marketing management Marketing/Marketing management Advertisement Expert: Leo Lingham - 10/7/2009 Question Sir could you please answer the following two questions for me? I need your help in answering these. PLease reply me as soon as possible. 1. Marketing management an artistic exercise and therefore highly subjective versus marketing management is largely a scientific excercise with well established guidelines
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Chapter 6 Forecasting Case Problem 2: Forecasting Lost Sales 1. The data used for the forecast is the Carlson sales data for the 48 months preceding the storm. Using the trend and seasonal method‚ the seasonal indexes and forecasts of sales assuming the hurricane had not occurred are as follows: Month Seasonal Index Month Forecast ($ million) January 0.957 September 2.16 February 0.819 October 2.54 March 0.907 November 3.06 April 0.929 December 4.60 May 1.011 June 0.937 July 0.936
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Study Outline Chapter 3: Federalism I. Governmental structure A. Federalism: good or bad? A.1. Definition: political system with local governmental units‚ in addition to national one‚ that can make final decisions A.2. Examples of federal governments: Canada‚ India‚ and Germany A.3. Examples of unitary governments: France‚ Great Britain‚ and Italy A.4. Special protection of subnational governments in federal system is the result of: A.4.a. Constitution of country A.4.b. Habits‚ preferences
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