6. What does "qualified" mean in the context of a workshop comment?

Your firm has just entered the polish market for bottled water. the major distributor is owned by a competitive producer of bott

Oliga [24]

You can provide cheaper bottled water, therefore giving customers an option for cheaper water. You can heavily market in your area in order to get the word out as well.

6 0

4 years ago

What is the system called that support the sides of excavation

Lorico [155]

Shoring is the system called that supports the sides of an excavation.

6 0

4 years ago

Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins

HACTEHA [7]

Answer:

12.55 days

Explanation:

Provided information

Number of employees 2

Average production time=1.8 days

Standard deviation=2.7 days

Inter-arrival time= 1 day

Coefficient of variation= 1 day

Standard deviation of inter-arrival time= 1 day

The coefficient of variations

Inter-arrival coefficient of variation

$C_{vi}=\frac {\sigma}{T}$ where $\sigma$ is standard deviation of inter-arrival time, T is inter-arrival time and $C_v$ is coefficient of variation of inter-arrival time

$C_{vi}=\frac {1 day}{1 day}=1$

Production time coefficient of variation

$C_{vp}=\frac {2.7}{1.8}=1.5$

Total utilization time

$U=\frac {T}{n*T_i}$ where T is the time of production, n is number of employees, U is utilization, $T_i$ is inter-arrival time

$U=\frac {1.8}{2*1}=0.9$

Therefore, utilization time by 2 employees is 0.9

Expected average waiting time

$T_e=(\frac {T}{n*T_i})*0.5(C_{vi}^{2}+C_{vp}^{2})*(\frac{U^{\sqrt{2(n+1)}-1}}{1-U})$

Where $T_e$ is expected average waiting time and the other symbols as already defined

Substituting 1.5 for $C_{vp}$ , 1 for $C_{vi}$ , 0.9 for U, 2 for n, 1 for $T_i$ and 1.8 for T

$T_e=(\frac {1.8}{2*1})*0.5(1^{2}+1.5^{2})*(\frac{0.9^{\sqrt{2(2+1)}-1}}{1-0.9})$

$T_e=0.9*1.625*8.583709=12.55367 days$ and rounding off to 2 decimal places we obtain 12.55 days

Therefore, expected duration between order received and beginning of production is approximately 12.55 days

4 0

3 years ago

Mary Smith took a car loan of $32,000 to pay back in 36 monthly installments at an interest rate of 8%. Compute the loan balance

lesya [120]

Answer:

Explanation:

(a)the monthly payment for Mary

Given that the nominal interest rate = 8%

or, Monthly interest rate = 8%/12= 0.667%

Thus the monthly payment at 0.667% int. per month, A1 = $32,000 (A/P, 0.0067%, 36) =

loan ÷ [ (1-(1 / (1+r∧n))) / r ]

32,0000 ÷ [ (1-(1 / (1+0.00667∧60))) / 0.00667 ]

32,000 ÷ 49.3138 = $648.91

(b)the loan balance immediately after the 24th payment

After the 24th payment, 12 more payments will be left before the loan is retired.

648.91 × [ (1-(1 / (1+0.00667∧12))) / 0.00667 ]

= $7459.57

(c)the monthly payment for the remainder of the loan if the interest rate is reduced to 9%

Given that the nominal interest rate is 9%,

or, Monthly interest rate = 9%/12 = 0.75%

Thus the monthly payment at 3/4% int. per month, A2 = $7459.57 (A/P, 0.75%, 12) =

7459.57 ÷ [ (1-(1 / (1+0.0075∧12))) / 0.0075 ]

7459.57 ÷ 11.4349

= $652.35

5 0

4 years ago

During a recession, what must happen to interest rates to spur economic growth?

Amanda [17]

As people generally become apprehensive about investing and taking risks during recession, the interest rates should be decreased in order to spur economic growth. Since the demand has decreased, the interest rates also need to decrease in order to stimulate the economy and not let it stagnate.

8 0

4 years ago

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