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olasank [31]
3 years ago
14

The problem now is to decide which contractor to choose.B has indicated that for another $20 million he could do the job in 18 m

onths, and you have said that you would be indifferent between that and the original proposal. In talking with C, you have indicated that you would just as soon pay her an extra $4 million if she could get the job done in 26 months. Who gets the job?

Business
1 answer:
Ede4ka [16]3 years ago
8 0

Question: The question is incomplete. See the full question below and the answer.

You are an up-and-coming developer in downtown Seattle and are interested in constructing a building on a site you own. You have collected four bids from prospective contractors. The bids include both a cost ($millions) and time to completion (months):

Contractor    Cost           Time

A                   100             20

B                    80              25

C                    79               28

D                   82                26

The problem now is to decide which contractor to choose. B has indicated that for another $20 million, he could do the job in 18 months, and you have said that you would be indifferent between that bid and the original proposal. In talking with C, you have indicated that you would just as soon pay her an extra $million if she could get the job done in 26 months. Who gets the job? Explain your reasoning. (It may be convenient to plot the four alternatives on a graph.)

Answer:

See the explanation for the answer and find attached of the graph.

Explanation:

So we draw a regression line of Time vs Cost and best fit a curve based on the data given, given in the above figure. The four alternatives are marked in the figure as well. Our main objective is to reduce both time and cost, but that might not be possible So the best thing would be to look for alternatives which lie below the line. If C gets an extra million, then that point would come below the regression line, and it would be a better alternative than D, because for the same time we are getting the job done at a cheaper cost.

Also if B is paid extra 20 million, that point also comes below the regression line, and hence will be a better alternative than A because for the same cost again we are getting the job done earlier. We need to choose between B and C. Now in order to optimise both cost and time, we need to choose a point close to the middle point of the regression line segment in 1st quadrant. We see that C is much more closer to the middle point and hence seems like a better option.

So we choose C as our contractor if we consider B's alternative bid, but if we do not consider B's alternative bid and stick to the original one, we choose B as our contractor.

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Recreation resorts are the only ones to offer sports and other recreation activities.
Ahat [919]

Recreation resorts are not only the ones to offer the sports and other recreation activities as there are other resorts as well to provide with such facility.

<h3>What are recreation resorts?</h3>

Recreation resorts refers to those resorts which facilitates us with receration activities such as running, dancing, swiming, mediatation, walking, short term sports etc.

There are other resorts such as hills stations, beach resort, luxury resort, economy resort etc.

Thus similar kind of activities are provided in other resorts as well with there unique features.

Learn more about resorts here:

brainly.com/question/19582915

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8 0
2 years ago
A united nations report shows the mean family income for mexican migrants to the united states is $26,580 per year. a floc (farm
AnnyKZ [126]

The test statistic t = t_(n-1) = 5.558457132 is greater than the critical value of t at 25 d.f which is Critical t value at 25 d.f. = 2.787436.

Hence we reject the null hypothesis and conclude that the average income of Mexican migrants to the U.S is not equal to $26,580.

Therefore the information from the sample disagrees with the United Nations report.

We use the follow these steps to arrive at the answer.

Null hypothesis : μ = $26,580

Alternate hypothesis : μ ≠ $26,580

Test : Since sample standard deviation is given, we use the Student's t-test

Level of Significance : 0.01, Two-tailed test

Degrees of freedom (d.f): n-1 d.f = 26-1 = 25

Calculation of test statistic:

The formula for test statistic is

t_(n-1)=(x ̅-μ)/(S/√n)

t_(n-1) = (38,900- 26,580) / (11,054/√26)

t_(n-1) = 12050 / 2167.867758

t_(n-1) = 5.558457132

Critical t value at 25 d.f. = 2.787436

7 0
3 years ago
Employees who are having computer problems at Market Industries go to Farrah rather than the IT department because she is effici
SSSSS [86.1K]

Answer:

A) True

Explanation:

Expert power is a power people get in the workplace when they are perceived as having a high level of knowledge in a specific topic. This means that any member of the organization that is not necessarily a manager, can have this power if that person has skills that others don't have. People that have this power are respected and employees are more willing to be guided by that person. Because of this, it is true that Farrah has expert power as the employees at Market Industries go to her when they have computer problems because of the perception that she is extremely knowledgeable.

8 0
2 years ago
Jamie works as a power plant manger. What are some tasks that he may be involved in?
laila [671]

Answer:

Designing systems, scheduling projects, and supervising workers is the correct answer.

Explanation:

7 0
3 years ago
Read 2 more answers
A company produces a single product. Variable production costs are $12.10 per unit and variable selling and administrative expen
rosijanka [135]

Answer:

Ending inventory cost= $5,445

Explanation:

Giving the following information:

Variable production costs are $12.10 per unit

Assuming a beginning inventory of zero, production of 4,100 units and sales of 3,650 units.

<u>Under the variable costing method, the unitary product cost is the sum of direct material, direct labor, and variable overhead. In this case is $12.1</u>

We need to calculate the number of units in inventory:

Ending inventory in units= 4,100 - 3,650= 450 units

Ending inventory cost= 450*12.1= $5,445

4 0
2 years ago
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