The first solution considered the individual cost of transporting the automobiles from the plant to the market while in the second solution, they considered the cost of transporting the automobiles in a group of 20 using trucks. There will be substantial difference between the two solutions. The cost of transportation is expected to reduce by (19/20)% or 95 percent
The coefficient of variation can be estimated by taking the ratio of the standard deviation and expected value. If the coefficient of variation is high, there is a high dispersion of the value from the expected value and vice versa.
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
Adjourning stage is the last part of the team formation and continuation. This stage usually arrives after the purpose of the team is achieved. Or it could happen if the objectives are not achieved and the team decides to seperate and move on from there.
Wrapping up the team activities can include preparing the final reports, giving feedback, analysing the results, etc.