Fill in the P(X=x) values to give a legitimate probability distribution for the discrete random variable X, whose possible values are -3, 0, 4, 5, and 6. Value x of X P (X = x) -3 0 0.23 5 0.17 6 0.30
Q: What is three companies that is known for its great customer service
A: Many companies in the world provide great customer service, so the question has been answered in a…
Q: critique the adequacy and merit of the following vision statements, listing effective elements and…
A: Note: The answer has been framed in a generalized manner.In a complicated and constantly changing…
Q: Kindly develop a Diversity Management Manual for a multinational company – The Marriot with a…
A: Workforce diversity is the aspect of the organization that focuses on managing the diversity in the…
Q: Elaborate five factors that contribute to disaster risk and provide strategies to improve…
A: Risk management is a precise course of recognizing, evaluating, focusing on, and moderating dangers…
Q: Part A Consumer Rights In Malaysia, the 1999 Consumer Protection Act is an important law protecting…
A: Q1. Governments pass laws to protect consumer rights for several reasons.Firstly, it is the…
Q: What are the possible reasons behind these lapses and/or gaps in staffing model?
A: Effective staffing is crucial for the smooth functioning of any organization. However, lapses and…
Q: Please provide in details two examples/case studies of international modes of entry utilized by…
A: Note: As per the Authoring guidelines, we are not allowed to provide sources, citations or…
Q: Discuss the three Levels of management in an organization
A: The objective of this question is to understand the three levels of management in an organization.…
Q: Question help please
A: Identify at least three problems with the potential candidate characteristics for which they are…
Q: Please format bar graph in apa 7th Edition
A: Figure Number and Title:The graph should be labeled as "Figure" followed by an Arabic numeral (e.g.,…
Q: What is the significance of the concept of Pareto efficiency in game theory? a) It represents a…
A: Pareto efficiency in game theory refers to an allocation of resources or an outcome in a strategic…
Q: What are the 2 types of decisions relevant to supply chain management? Select one: Insource and…
A: Supply chain management (SCM) is the management of the flow of goods and services, including the…
Q: You are in your last semester of college and have been looking for a job. You have registered with…
A: The question is asking whether there is a moral or ethical obligation to inform a classmate, Alex,…
Q: Antitrust which historically focuses on domestic competition, can be used to score international…
A: d. Understand the rules of the game governing domestic and international competition around the…
Q: The head buyer of a Flat Screen TV wants to determine the most optimum inventory practice for the…
A:
Q: Rare Agri-Products Ltd. is considering a new project with a projectedlife of seven (7) years. The…
A: Question 1: Compute the Appropriate Rate for Discounting the Cash Flows of the Project (WACC)1.…
Q: 6. Provide at least two (2) examples/case studies of international modes of entry utilized by…
A: 1) Walmart in Germany: Mode of Entry: Acquisition (Failed) Reasons for Failure:Lack of Localization:…
Q: Give 4 points/sentences for each 1. Discuss the advantages and disadvantages of cost leadership…
A: 1. Advantages of Cost Leadership Strategy: 1)Competitive Advantage: Cost leadership allows a company…
Q: Is this statement true or false? It is advisable for entrepreneurs to make detailed cost…
A: The objective of the question is to verify the validity of the statement that entrepreneurs should…
Q: Middle managers need to be involved in the change process, even if they are not the change agents or…
A: The statement is true. Middle managers play a crucial role in the change process within an…
Q: U.S. legislation requires that landfills that accept toxic waste carry insurance against damages…
A: The management of toxic waste in landfills presents significant environmental and financial risks.…
Q: Employee engagement is a crucial aspect of organizational management, focusing on fostering a…
A: The objective of this question is to understand how managers can identify signs of low employee…
Q: Your Finance Department makes sure your company has the financial resources it needs to run through…
A: The answer is in the explanation.Explanation:TrueThe finance department's primary responsibility is…
Q: Which of the following answers best describes the term core competency? a capability that the…
A: Strategic management refers to the continuous course of planning, carrying out, and assessing…
Q: Lab 3 AP Austin Peay State University CLARKSVILLE TENNESSEE College of Business Decision Trees MGT…
A: The objective of the question is to calculate the Expected Monetary Values (EMVs) for Corn and…
Q: enigno Buyer writes Francene Farmer a letter that states he is willing to purchase 1,000 pounds of…
A: In what concerns contract law, the offer and acceptance are the magnis in the inquiry and formation…
Q: A typical value chain divides activities within the business into two broad categories: primary…
A: Value Chain Support ActivitiesA value chain that runs smoothly is similar to a well-oiled machine.…
Q: Puget Sound Divers is a company that provides diving services such as underwater ship repairs to…
A: Diving Hours390Revenue: 450x390$175,500Expenses:Wages and Salaries: ($11,200 +…
Q: he use of naming rights as a marketing communications tool goes back over half a century, when…
A: Management specifically, the art of doing things by others every organization has its management for…
Q: ellowstone, founded in 1949, has its headquarters in Monstansa, Texas, which is its largest…
A: Business Expansion is about increasing the growth of business in the market it includes determining…
Q: None
A: In the current digital environment, information security is essential because it provides a crucial…
Q: Place yourself as a manager that has just received a “friend” request from one of your direct…
A: The objective of this question is to understand how to handle a situation where a manager receives a…
Q: 600 WORD Reflection of the effectiveness of your collaboration/ team effort, addressing: *the…
A: Teamwork underlines cooperating towards a mutual objective, with people contributing their…
Q: Describe the following terms.a. Entrepreneurship b. Innovation c. Design thinking d. Business model
A: The objective of this question is to provide a clear and concise definition of the following terms:…
Q: what are the steps involved in innovation process
A: The objective of the question is to understand the various steps involved in the innovation process.…
Q: How did EcoTech's strategic entrepreneurship contribute to navigating a challengingmarket?
A: While I can create a hypothetical scenario about a company named EcoTech, I must clarify that…
Q: Fry Group Foods confirms temporary closure after employee tests positive for Covid-19 By Staff…
A: The article provides a description of the preventative measures that were taken by two food…
Q: How would a mutual fund sales representative meet the KYC requirements? Acronyms Candidate: S
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: ‘in a globalised and entrepreneurial business environment, management has replaced leadership.’…
A: The objective of the question is to critically discuss the statement that in a globalised and…
Q: Help me find the alternative Solutions 3.1 options available 3.2 advantages and disadvantages of…
A: Long hours of sitting at work hurt productivity and raise the health concerns which as a result,…
Q: When expatriates evaluate HCNs, cultural difference may create problems. In what type of countries…
A: The question is asking about the potential cultural issues that could arise when performance…
Q: How do you take ownership of the onboarding process? And why is it key to success with new gired
A: The onboarding process is a critical phase in any organization's lifecycle. It sets the tone for a…
Q: Suppose that you have two four-sided dice that are each equally weighted (i.e. equal chance of any…
A: The objective of the question is to determine which of the two four-sided dice has a standard…
Q: Considering a person's previous experiences, what has been the most difficult thing about giving or…
A: Human resource management plays an important role in an organization. There are several employees in…
Q: What are the importance or significance of Entrpeneurship?(Give 8)
A: Management specifically the art of doing things by others every organization has its management for…
Q: Critical thinking is important for making judgments about sources of information and forming your…
A: Thinking is the mental cycle through which people intellectually control data, thoughts, and ideas…
Q: Dr. Nicholas Sollinger, as President of the Catalina Association of Retired Persons, may be an…
A: Advocacy within retirement communities plays a crucial role in ensuring the well-being, rights, and…
Q: Elaborate on five key lessons derived from the management of the Covid-19 epidemic in Botswana.
A: Introduction:The management of the Covid-19 epidemic in Botswana provides valuable insights into…
Q: A machine that costs $8,000 is expected to operate for 10 years. The estimated salvage value at the…
A: Thus, the Internal Rate of Return is 9.79%Explanation:Step 1: Given Value for Calculation Cost of…
Q: Describe two external factors that can affect entrepreneurship in a particular industry. Evaluate…
A: The Dancing of External Forces: Entrepreneurial Opportunities and DifficultiesAn entrepreneur's path…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- Based on Marcus (1990). The Balboa mutual fund has beaten the Standard and Poors 500 during 11 of the last 13 years. People use this as an argument that you can beat the market. Here is another way to look at it that shows that Balboas beating the market 11 out of 13 times is not unusual. Consider 50 mutual funds, each of which has a 50% chance of beating the market during a given year. Use simulation to estimate the probability that over a 13-year period the best of the 50 mutual funds will beat the market for at least 11 out of 13 years. This probability turns out to exceed 40%, which means that the best mutual fund beating the market 11 out of 13 years is not an unusual occurrence after all.A new edition of a very popular textbook will be published a year from now. The publisher currently has 1000 copies on hand and is deciding whether to do another printing before the new edition comes out. The publisher estimates that demand for the book during the next year is governed by the probability distribution in the file P10_31.xlsx. A production run incurs a fixed cost of 15,000 plus a variable cost of 20 per book printed. Books are sold for 190 per book. Any demand that cannot be met incurs a penalty cost of 30 per book, due to loss of goodwill. Up to 1000 of any leftover books can be sold to Barnes and Noble for 45 per book. The publisher is interested in maximizing expected profit. The following print-run sizes are under consideration: 0 (no production run) to 16,000 in increments of 2000. What decision would you recommend? Use simulation with 1000 replications. For your optimal decision, the publisher can be 90% certain that the actual profit associated with remaining sales of the current edition will be between what two values?Dilberts Department Store is trying to determine how many Hanson T-shirts to order. Currently the shirts are sold for 21, but at later dates the shirts will be offered at a 10% discount, then a 20% discount, then a 40% discount, then a 50% discount, and finally a 60% discount. Demand at the full price of 21 is believed to be normally distributed with mean 1800 and standard deviation 360. Demand at various discounts is assumed to be a multiple of full-price demand. These multiples, for discounts of 10%, 20%, 40%, 50%, and 60% are, respectively, 0.4, 0.7, 1.1, 2, and 50. For example, if full-price demand is 2500, then at a 10% discount customers would be willing to buy 1000 T-shirts. The unit cost of purchasing T-shirts depends on the number of T-shirts ordered, as shown in the file P10_36.xlsx. Use simulation to determine how many T-shirts the company should order. Model the problem so that the company first orders some quantity of T-shirts, then discounts deeper and deeper, as necessary, to sell all of the shirts.
- The game of Chuck-a-Luck is played as follows: You pick a number between 1 and 6 and toss three dice. If your number does not appear, you lose 1. If your number appears x times, you win x. On the average, use simulation to find the average amount of money you will win or lose on each play of the game.Assume a very good NBA team has a 70% chance of winning in each game it plays. During an 82-game season what is the average length of the teams longest winning streak? What is the probability that the team has a winning streak of at least 16 games? Use simulation to answer these questions, where each iteration of the simulation generates the outcomes of all 82 games.Based on Babich (1992). Suppose that each week each of 300 families buys a gallon of orange juice from company A, B, or C. Let pA denote the probability that a gallon produced by company A is of unsatisfactory quality, and define pB and pC similarly for companies B and C. If the last gallon of juice purchased by a family is satisfactory, the next week they will purchase a gallon of juice from the same company. If the last gallon of juice purchased by a family is not satisfactory, the family will purchase a gallon from a competitor. Consider a week in which A families have purchased juice A, B families have purchased juice B, and C families have purchased juice C. Assume that families that switch brands during a period are allocated to the remaining brands in a manner that is proportional to the current market shares of the other brands. For example, if a customer switches from brand A, there is probability B/(B + C) that he will switch to brand B and probability C/(B + C) that he will switch to brand C. Suppose that the market is currently divided equally: 10,000 families for each of the three brands. a. After a year, what will the market share for each firm be? Assume pA = 0.10, pB = 0.15, and pC = 0.20. (Hint: You will need to use the RISKBINOMLAL function to see how many people switch from A and then use the RISKBENOMIAL function again to see how many switch from A to B and from A to C. However, if your model requires more RISKBINOMIAL functions than the number allowed in the academic version of @RISK, remember that you can instead use the BENOM.INV (or the old CRITBENOM) function to generate binomially distributed random numbers. This takes the form =BINOM.INV (ntrials, psuccess, RAND()).) b. Suppose a 1% increase in market share is worth 10,000 per week to company A. Company A believes that for a cost of 1 million per year it can cut the percentage of unsatisfactory juice cartons in half. Is this worthwhile? (Use the same values of pA, pB, and pC as in part a.)
- You have 5 and your opponent has 10. You flip a fair coin and if heads comes up, your opponent pays you 1. If tails comes up, you pay your opponent 1. The game is finished when one player has all the money or after 100 tosses, whichever comes first. Use simulation to estimate the probability that you end up with all the money and the probability that neither of you goes broke in 100 tosses.You now have 10,000, all of which is invested in a sports team. Each year there is a 60% chance that the value of the team will increase by 60% and a 40% chance that the value of the team will decrease by 60%. Estimate the mean and median value of your investment after 50 years. Explain the large difference between the estimated mean and median.Use @RISK to draw a binomial distribution that results from 50 trials with probability of success 0.3 on each trial, and use it to answer the following questions. a. What are the mean and standard deviation of this distribution? b. You have to be more careful in interpreting @RISK probabilities with a discrete distribution such as this binomial. For example, if you move the left slider to 11, you find a probability of 0.139 to the left of it. But is this the probability of less than 11 or less than or equal to 11? One way to check is to use Excels BINOM.DIST function. Use this function to interpret the 0.139 value from @RISK. c. Using part b to guide you, use @RISK to find the probability that a random number from this distribution will be greater than 17. Check your answer by using the BINOM.DIST function appropriately in Excel.
- Play Things is developing a new Lady Gaga doll. The company has made the following assumptions: The doll will sell for a random number of years from 1 to 10. Each of these 10 possibilities is equally likely. At the beginning of year 1, the potential market for the doll is two million. The potential market grows by an average of 4% per year. The company is 95% sure that the growth in the potential market during any year will be between 2.5% and 5.5%. It uses a normal distribution to model this. The company believes its share of the potential market during year 1 will be at worst 30%, most likely 50%, and at best 60%. It uses a triangular distribution to model this. The variable cost of producing a doll during year 1 has a triangular distribution with parameters 15, 17, and 20. The current selling price is 45. Each year, the variable cost of producing the doll will increase by an amount that is triangularly distributed with parameters 2.5%, 3%, and 3.5%. You can assume that once this change is generated, it will be the same for each year. You can also assume that the company will change its selling price by the same percentage each year. The fixed cost of developing the doll (which is incurred right away, at time 0) has a triangular distribution with parameters 5 million, 7.5 million, and 12 million. Right now there is one competitor in the market. During each year that begins with four or fewer competitors, there is a 25% chance that a new competitor will enter the market. Year t sales (for t 1) are determined as follows. Suppose that at the end of year t 1, n competitors are present (including Play Things). Then during year t, a fraction 0.9 0.1n of the company's loyal customers (last year's purchasers) will buy a doll from Play Things this year, and a fraction 0.2 0.04n of customers currently in the market ho did not purchase a doll last year will purchase a doll from Play Things this year. Adding these two provides the mean sales for this year. Then the actual sales this year is normally distributed with this mean and standard deviation equal to 7.5% of the mean. a. Use @RISK to estimate the expected NPV of this project. b. Use the percentiles in @ RISKs output to find an interval such that you are 95% certain that the companys actual NPV will be within this interval.Alternative A1 A2 Prior Probability State of Nature S1 S2 -40 100 0.4 75 0 0.6 There is an option of paying $100 to have research done to better predict which state of nature will occur. When the true state of nature is S1, the research will accurately predict S1 60% of the time. When the true state of nature is S2, the research will accurately predict S2 80% of the time. What is the posterior probability of S2 given that the research predicts S2?A polling firm is taking a survey regarding a proposed new law. Of the voters polled, 30% are in favor of the law. If 10 people are surveyed, what is the probability that 4 will indicate that they are opposed to the passage of the new law?