With a mean of 1000 and a standard deviation of 600, the probability that the demand is going to be withing 25 percent of its forecast is 0.3230.
a. Mean = 1000
sd = 600
p(1000x 1-25%) - p(1000x 1+25%)
using the z test
d-μ/σ
find values using excel sheet formula
NORMSDIST(0.4167) - NORMSDIST(-0.4167)
=m0.6615 - 0.3385
= 0.3230
<h3>b. The probability that the forecast would be more than 40 percent</h3>
1000x 1+40%
= p(D>1400)
= 1- NormDist(0.667)
= 0.225
c. Cu = 121-72 = 49
Co = 72.50 = 22
The critical ratio calculation
49/22 +49 = 0.6901
Normsinv(0.6901) = 0.496
1000+0.496x600
= 1297
The units that Flextrola has to order is 1297.
<h3>d. The expected sales of Flextrola</h3>
1200-1000/600
= 0.3333
loss function from z = 0.333 is 0.254
600x0.254 = 152. 4
1000-152.4 = 847.6
the expected sales are 847.6
e 1200- 847.6
= 352. 4
The units of inventory that can be sold is 352.4
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4% is the percent change in real income.
What is the meaning of real income?
Real income, also known as real pay when referring to an individual's income, is the amount of money that an individual or entity makes after taking inflation into account. To have the best knowledge of their purchasing power, people frequently closely monitor the difference between their nominal and actual income.
What is meant by nominal income?
Nominal income is money that hasn't been adjusted for inflation-related changes in buying power, or how much one can buy with that money.
What Is Price Level?
The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.
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I took this question already, so if it was
<span>
Often, when both parties to a contract are mistaken as to the same material fact, either party can rescind the contract.
It would be "True"
</span>
Now you have to get to work. Your first thought is to have seven members on the team, but management research indicates that seven members would be . It would be better to have people on the team.
In general, it's best to include members of only a single culture when forming virtual teams, since electronic communication is already fraught with misunderstandings.
<h3>What is
electronic communication?</h3>
For more than a century, the market for communication electronics radio equipment has been expanding quickly. One of the factors contributing to the rapid expansion in the USA is homeland security. The field of electronics has grown phenomenally since the 1950s, when the "solid state" transistor was created, and the 1960s, when transistor-transistor logic and the IC (integrated circuit) were developed. This is currently evident in the "radio communications" industry. Sending traditional LMR (land-mobile radio) signals over the Internet (Internet Protocol) is the newest craze. This is known as RoIP (Radio over Internet Protocol), which is similar to VoIP (Voice over Internet Protocol) but uses radio instead of voice.
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Michael
is creating an atmosphere
in which his department members are so afraid of conflict and so
eager for harmony that their decision making becomes uncritical,
irrational, and dysfunctional. This psychological phenomenon is known
as groupthink.
