Answer:
- <u><em>4,099 units or more</em></u>
Explanation:
The cumulative distribution of a random variable X that follows a normal distribution is given by the area undear the "bell curve" and the values are given by the corresponding table for the standard normal distribution.
The standardized value of the variable X is called Z and is calculated with the formula:
Where:
You read the Z-value for which the probability is greater than or equal to 5% in the table for the values of the area to the right of Z. Using probability = area under the curve ≥ 5%, the Z-value is 1.645 (interpolating between p = 0.0495, Z = 1.64 and p = 0.0505, Z = 1.65).
Substituting in the formula for Z:
- X= 60 × 1.645 + 4,000 = 4,098.7 ≈ 4,099
Hence, the bonus will be paid on 4,099 units or more.
Answer:
The correct answer is letter "A": Finished goods inventory.
Explanation:
Finished goods inventory refers to those products that have reached their maximum level of completion and are stored in the manufacturing company inventory waiting for retailers or end-consumers to demand them. Finished goods are also called <em>final goods</em>.
Answer:
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby’s sold the Edgar Degas bronze sculpture Petite Danseuse de Quatorze Ans at auction for a price of $10,311,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,377,500.
Explanation:
Answer: $185,000
Explanation:
The 10% Return on investing in the oven is said to be the same as 4% of the increase in sales.
Return on oven = 10% * 74,000
= $7,400
$7,400 is 4% of increase in sales;
Increase in sales = 7,400/4%
= $185,000
Answer:
1. Helps in Comparison shopping.
2. Helps to access wider number of products with different feature offerings.
3. Results in improved product within less time duration which ultimately benefits consumer.
4. Helps in shaping the supplier behavior and achieve Environmental footprints
Explanation:
1. Helps in Comparison shopping
The comparison shopping helps the customer opt to the better product which better suits its needs and wants.
2. Helps to access wider number of products with different feature offerings
There are a lot of products which we don't know about. E-Marketing has allowed us to access these wider range of differentiated products.
3. Results in improved product within less time duration which ultimately benefits consumer.
The supplier to analyze what actually their customer wants from them in the long run and for this reason the internet presence of an organization helps to improve the product and customer experience.
4. Helps in shaping the Supplier behavior and achieve environmental footprints
The reason is that the increased importance of environment friendly products and tax exemptions on such products, the suppliers are forced to grow green. This customer behavior helps in transforming the supplier behavior which also benefits the customers and future generations as well.
