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Svetach [21]
3 years ago
12

A tyre manufacturer wants to set a minimum mileage guarantee on its new MX100 tyre. Tests reveal the mean mileage is 47,900 with

a standard deviation of 2,050 miles and the distribution is a normal distribution. The manufacturer wants to set the minimum guaranteed mileage so that no more than 4% of the tyres will have to be replaced. What minimum guaranteed mileage should the manufacturer announce
Business
1 answer:
maria [59]3 years ago
6 0

Answer:

51,487.5

Explanation:

Calculation to determine the minimum guaranteed mileage should the manufacturer announce

Sinces no more than 4% of the tires will have to be replaced First step will be to determine the InvNorm(.96) using normal distribution table

InvNorm(100%-4%)

InvNorm(.96) = 1.75

Now let determine the minimum guaranteed mileage

Let x represent the Minimum guaranteed mileage

(2050*1.75)+47,900=x

x=3,587.5+47,900

x = 51,487.5

Therefore the minimum guaranteed mileage that the manufacturer should announce is 51,487

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A producer using very aggressive promotion to get final consumers to ask intermediaries for a new product has a(n) ________ poli
UkoKoshka [18]

Answer:

The correct answer that fills the gap is Pulling.

Explanation:

This activity corresponds to Inbound Marketing, which is also called Attraction Marketing 2.0. This type of marketing is a marketing technique that aims to attract potential customers (prospects) through information of interest using different content formats (articles, videos, animations, infographics, ebooks, etc.) in the channels of digital communication of the company (blog, social networks, electronic newsletters, etc.). Attraction Marketing, instead of focusing directly on sales, as does more traditional marketing (sometimes known as interruption marketing), focuses on providing information to the potential consumer, so that it takes that company by an expert in the theme.

6 0
3 years ago
Oakwood Primary Care Clinic is considering a capitation arrangement with a managed care organization in which the clinic would p
lutik1710 [3]

Answer:

5000

Explanation:

Oakwood Primary Care Clinic is considering a capitation arrangement with a managed care organization in which the clinic would provide services to 1,500 members at $100 per member per month. Variable costs are projected at $200 per clinic visit, and fixed costs for the agreement are $800,000. Breakeven point in volume of clinic visits is 5000.

6 0
3 years ago
Sharon and Amy are roommates. They spend most of their time studying (of course), but they leave some time for their favorite ac
Ratling [72]

Answer:

Explanation:

:

Sharon and Amy 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. Sharon takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Amy 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?

Each room mates opportunity cost of making pizza is the beer they would have made with the time spent on making pizza which is

Sharon = 2/4 gallon of beer or 0.5 gallon of beer

Amy = 4/6 gallon of beer or 0.67 gallon of beer

Who has the absolute advantage in making pizza?  

Sharon arguably has absolute advantage because she has comparative advantage in producing both items because she spends less time producing both however she spends half the time of Amy in producing Pizza in particular

Who has the comparative advantage in making pizza?  

Sharon because she spends half the time of Amy in producing Pizza  

b. If Sharon and Amy trade foods with each other, who will trade away pizza in exchange for root beer? Amy will trade pizza for root beer because she has a greater disadvantage in Pizza production in relation to root beer when compared to Sharon. She spends double the time of Sharon in making Pizza but less than double the time of Sharon in making root beer

c. The price of pizza can be expressed in terms of gallons of root beer.  

Sharon = 2 hours/4 hours gallon of beer or 0.5 gallon of beer per pizza

Amy = 4 hours/6 hours gallon of beer or 0.67 gallon of beer per pizza

What is the highest price at which pizza can be traded that would make both roommates better off?  

That price should be lower than Amy's cost but higher than Sharon's cost, so they can both make profits. = (0.5+0.67)/2 = 0.585 gallon of root beer

What is the lowest price? Explain.

The lowest price will be the opportunity cost of Sharon which is 0.5 gallon of root beer because if the price is lower it becomes a loss to Sharon

3 0
3 years ago
Belinda has found a business opportunity she believes will be​ successful, but there are already a couple companies in that mark
Pavel [41]

Answer: Option D              

Explanation: Competitive advantage refers to situation when an organisation gets favorable advantage in the market over its competitors.

   In the given case, Belinda is trying to establish business in the industry which already has heavy competition. Therefore, if she wants to establish a customer base, she must need some competitive advantage so that she can operate with low profits initially.

Hence from the above we can conclude that the correct option is D.  

6 0
2 years ago
A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 20,
DanielleElmas [232]

Answer:

181,500 units

Explanation:

Given that

Beginning work in progress inventory = 20,000 units

The department completed and transferred = 165,000 units

Ending period = 22,000 units

Percentage of completion = 75%

The computation of equivalent units is given below :-

Work in progress of ending period

= 22,000 × 75%

= 16,500 units

So, the equivalent units

= 165,000 + 16,500

= 181,500 units

6 0
3 years ago
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