= $13 Co = 11-7 = $4 Critical ratio = 13/(13+4) = 0.7647 μ = 30‚000 σ = 10‚000 Using normal distribution function (=norminv(0.7647‚30000‚10000))‚ the optimum order quantity is 37‚216 jerseys to maximize profit. 2. Quantity = 32‚000 First‚ we normalize the order quantity to find the z-statistic z=Q-μσ=32‚000-25‚00010‚000=0.7 We then look up the standard normal loss function. The expected lost sale is given by. Lz=0.1429 Therefore‚ the expected lost sales = 10‚000 * 0.1429 ≈ 1‚429
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ASSIGNMENT 1 Busn 521: Managerial Economics This assignment is due on Friday Oct 17th‚ 2014. Problem Set 2 1. Pat and Kris are roommates. They spend most of their time studying (of course)‚ but they leave some time for their favorite activities: making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Kris takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. a. What is each roommate’s opportunity cost of making a pizza
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institutions such as education in schools have functions that are both Manifest and Latent. Merton defined Manifest functions as those objective consequences for a specified unit (person‚ subgroup‚ social or cultural system) which contribute to its adjustment or adaptation and were so intended (Merton‚ 1968). While‚ Latent functions as unrecognized and unintended functions (Sociology Guide‚ 2014). The proceeding write-up will discuss the manifest functions of education and how a Zambian teacher can
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Linear Functions There are three different ways to write linear functions. They are slope-intercept‚ point-slope‚ and standard form. There are certain situations where it is better to use one way than another to solve a problem. It is important to understand and comprehend the mechanics of these three forms so that you know what form to use when solving a problem. The first form‚ point-slope‚ is written as y-y1=m(x-x1). M is the slope and x1 and y1 correspond to a point on the line. It’s good to
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following will include the four major functions of management in a health care setting‚ how these functions apply to managing others‚ important roles for health care manager and leader in the diversified health care industry and the most significant aspect related to health care management that I would like to gain by taking this class. The four major functions of management in a health care setting are: organizing‚ planning‚ controlling and leading. The four functions mentioned all work hand in hand
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------------------------------------------------- Rocket A rocket is a missile‚ spacecraft‚ aircraft or other vehicle which obtains thrust from a rocket engine. In all rockets‚ the exhaust is formed entirely from propellants carried within the rocket before use.[1] Rocket engines work by action and reaction. Rocket engines push rockets forwards simply by throwing their exhaust backwards extremely fast. Rockets for military and recreational uses date back to at least 13th century China.[2] Significant
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Quadratic functions are used all the time‚ every day‚ all over the world. Even though right now‚ it doesn’t seem like this kind of math is ever going to creep back into our life. That is actually far from true. These math skill are crucial to have if one ever decides to do anything in engineering‚ or something like that. Those types of jobs are now becoming more and more popular‚ because the world is always going to need educated people who know how to construct or refurbish buildings and homes.
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The fourteen leadership functions that Yukl describes are planning and organizing‚ problem solving‚ clarifying‚ informing‚ monitoring‚ motivating‚ consulting‚ recognizing‚ supporting‚ managing conflict and team building‚ networking‚ delegating‚ developing and mentoring‚ and rewarding (Hall & Tolbert‚ 2009). Planning and organizing consists of determining goals and defining how those goals will be achieved. Problem solving involves identifying the problem‚ listing possible solutions‚ choosing the
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Various aspects of police operations Jose Sanchez Cja/214 November 23‚ 2011 Francisco Juarez Various aspects of police operations Being a police officer is not as easy as we all think. There are many risks that police officers take by trying to protect our community. Some of this risks police officers take can even take them to dead‚ every year a lot of them get injured and some they are just killed from all over the world. Let’s begin with some as simple as a car crash‚ the police officers
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Mat Eubanks AP Phycology Block 8 Validity of Various Intelligence Theorists Thurstone‚ Gardner‚ Guilford‚ Spearman‚ and Sternberg all had great theories about intelligence. With Thurstones statistical procedure‚ Gardners Multiple Intelligence aspects‚ Guildfords Three Dimensions‚ Spearmans Specific Mental Abilities‚ and Sternbergs three aspects of a personality. All of them have flaws or problems and can be personally reflected by myself. Thurstone opposed the general intelligence concept
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