. Which of the following is correct?
Q: 44. ,assists management in answering what-if-questions. A relevant B predictive reports C management…
A: ________ assists management in answering what-if-questions. Relevant Predictive reports Management…
Q: Structured questionnaires are simple to administer and relatively inexpensive to analyze. The…
A: ANSWER: TRUE
Q: answer quikly Determine whether these statements is TRUE or FALSE
A: ANSWER TRUE is the right answer.
Q: IT helps managers make faster decisions by providing them with real- time information Select one:…
A: Information technology refers to the usage of computers for collecting, storing, and retrieving…
Q: . The test results in adverse impact when used in selection.
A: Test bias can be seen as partly related to the test that is fairly conducted in any of the areas…
Q: 15. Which of the followings would NOT be included in the recommendations to managers when developing…
A: The correct option is a, that is, inform employees not to assume policy. Employee privacy policy…
Q: Management is the process of planning, organizing, leading and controlling. (True/ False
A: Strategy is a plan of action to achieve long term objectives. It can also be said as an art of…
Q: Reporting financial information imposes costs and obviously these costs should be justified by the…
A: Timeliness implies that data is accessible to leaders on schedule to be equipped for affecting their…
Q: O may involve changes in the objecti O requires that only one parameter may involve changes in the…
A: A what-if analysis is a vital decision-making tool that helps companies understand what business…
Q: appropriate term in Column B. For each answer, only write the question number and answer. E.g. a –…
A: A lot of backend efforts and planning goes into making a product available to the final customers.
Q: Create a possible procedure and order of steps to review a monthly STAR report.
A: Steps to Read The STR Report are as follows: It's time to delve into the data once you've picked a…
Q: 1 Type the correct answer In the box. Spell all words correctly. Catherine has been managing her…
A: ''Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Which of the following is not among the stages used in the measurement and evaluation of educational…
A: The following is not among the stages used in the measurement and evaluation of educational programs
Q: Based on the market positioning, which of these is the marketers' objective? To create a bad…
A: Marketing is an activity which the firm takes up to make customers. For this, marketing strategies…
Q: Johnson and Johnson The company introduced various product safety, ingredient safety and product…
A: Solution Step (1) Johnson & Johnson have become committed to working under a particular feature…
Q: This describes the business process to publish an academic paper. The author submits a paper to an…
A: We consider that Editor In chief data is stored in the database table called EDITORIC, this table is…
Q: Johnson and Johnson The company introduced various product safety, ingredient safety and product…
A: The controlling function defines the right and timely execution of plans. The controlling function…
Q: Which of the following is NOT an advantage of conducting online survey research via questionnaires…
A: The survey is termed a statistical survey, a defined method for collecting quantitative information…
Q: Which of the following would not be within the scope of marketing activities in a company? O a. All…
A: The scope of marketing is wide and broader as it starts with the identification of the problem and…
Q: A driver’s license bureau maintains a database of licensed drivers. State whether each of the…
A: The following is the data given below: a. Driver’s name, address and birthdate: [Data, Structured]…
Q: b. Determine the expected value of perfect information using an opportunity loss table. (Round your…
A: Here, we could see the Cost matrix, we have a probability for each state of nature, and we have…
Q: re the
A: Organizational Behaviour is the insightful examination of how people act inside social events. Its…
Q: Which of the following would make a decision rational? If there is no cost to the decision If the…
A: Cost benefit analysis is a methodology for quantifying and then comparing the total costs to the the…
Q: . True or False. Read the following statements carefully. On the space provided, write TRUE if the…
A: New business is the implementation of new ideas or thought with a motive of building image, earning…
Q: Which of the statement is correct? a. Entrepreneurship is the process by which individuals pursue…
A: Option C is the correct answer.
Q: Interpret and Present the findings. ( This is the last step in the process and here the researcher…
A: Below are the steps of a Market Research : 1. Problem Definition 2. Development of an approach 3.…
Q: What threats should Managing Director Sodhi consider the most pressing? What opportunities present…
A: Mr. Sodhi must surely put into consideration two challenges:
Q: In____________, the researcher has to use facts or information already available, and analyse these…
A: Analytical research is a type of research that involves skills related to critical thinking and…
Q: Which of the following is true concerning the manuscript tradition of the New Testament? Group of…
A: Manuscript tradition:Manuscript refers to the term "written on hand". Manuscript tradition refers to…
Q: Give three examples that you think that is the best techonological ever developed. Explain each…
A: Each and every year human is innovating new technology in each and every sector of the industry…
Q: 50- Which one of the following is not included in the development of the sales strategy of a…
A: A sales strategy is a plan designed by an organization to sell its products and services and…
Q: Which one of the following statements is correct in case of quantitative data? O a. They represent a…
A: There are a number of activities that are being done in an organization. There are a lot of…
Q: Which of the following statements is correct as far as the definition of a service blueprint is…
A: A service blueprint is a diagram which shows the relationship between the processes. It is usually…
Q: question: Explain the need for the literature review.
A: Whenever there is research work to be carried out, the researcher will be involved in overviewing…
Q: Johnson and Johnson The company introduced various product safety, ingredient safety and product…
A: Johnson and Johnson produce and market a wide range of items in the healthcare field and are…
Q: ________ A submittal must be verified for accuracy inaccordance with contract plans and…
A: A contract is described as an agreement carried out between two or more parties that is enforceable…
Q: is a means of displaying or graphing, in two or more dimensions, where the products, brands, or…
A: Option C
Q: Which of the following is the crucial factor for the management to consider? a. Climatic information…
A: Management: It is a process of doing things with the help of others. It involved managing,…
Q: Justification of problem statements could be based on personal experiences as well other…
A: A problem statement is a compact portrayal of an issue to be addressed or a condition to be refined.…
Q: Which of the following 2 points statements regarding substitutes is accurate? * In the extreme,…
A: Which of the following statements regarding substitutes is accurate? In the extreme, substitutes…
Q: What is technical report? Discuss its characteristics. solve in details
A: A technical report is a composed archive that comprises of the three key highlights of an…
Q: An AC Delco parts dealer provides an auto repair shop with a display stand containing spark plugs.…
A: In an economy, an organization or wholesaler gives various banners or other tools to a retailer to…
Q: ---------------is the Father of " The Scientific Management Theory" Question 13 options:…
A: MANAGEMENT: Management is the process of planning, organizing, staffing, directing, and controlling,…
Help me please
Step by step
Solved in 2 steps with 1 images
- Question A local real estate investor in Kingston is considering three investments: a motel, a restaurant, or a theatre. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourist; Profits from the theatre will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment: Real Estate Investor Payoff Table Payoffs are Profits States of Nature (Gasoline Avaliability) Decision Alternatives Shortage Stable Supply Surplus Motel $8,000 $15,000 $22,000 Restaurant $2,000 $8000 $6,000 Theater $6,000 $6,000 $5,000 Which option should the real estate investor choose if he uses the Equal Likelihood criterion? Using a maximax approach, what alternative should the real estate investor choose? Using the Maximum approach, what alternative should the real estate investor choose?Question A local real estate investor in Kingston is considering three investments: a motel, a restaurant, or a theatre. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourist; Profits from the theatre will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment: Real Estate Investor Payoff Table Payoffs are Profits States of Nature (Gasoline Avaliability) Decision Alternatives Shortage Stable Supply Surplus Motel $8,000 $15,000 $22,000 Restaurant $2,000 $8000 $6,000 Theater $6,000 $6,000 $5,000 If the probability of a shortage of gasoline is 25%, the probability of a stable supply of gasoline is 45% and the probability of a surplus of gasoline is 30%. Using the EMV, What option should the real estate investor choose and what is that optimal expected value? What is the most the real…Question ThreeThe management of a supermarket wants to adopt a new promotional policy ofgiving free gift to every customer who spends more than a certain amount pervisit at this supermarket. The expectation of the management is that after thispromotional policy is advertised, the expenditure for all customers at thissupermarket will be normally distributed with mean 400 £ and a variance of900£2.1) If the management wants to give free gifts to at most 10% of the customers,what should the amount be above which a customer would receive a free gift?2) In a sample of 100 customers, what are the number of customers whoseexpenditure is between 420 £ and 485 £?3) What is a probability of selecting a customer whose expenditure is differ thanthe population mean expenditure by at most 50 £?4) What is the probability that the expenditure of the first customer exceeds theexpenditure of the second customer by at least 20 £?5) In a sample of 250, find the count that corresponds to the interquartile…
- Question 8A food manufacturer has to decide how many batches of a product to produce next week. If one batch is produced, the profit will be $15,000. If two batches are produced, but the demand is only sufficient for one batch, then a loss of $5,000 will occur. If two batches are produced and the demand is equal to two batches, then a profit of $20,000 will occur. The food manufacturer estimates the probabilities of these two outcomes as being 0.4 and 0.6 respectively. A separate forecasting tool, estimates demand will equal two batches. In the past, this tool has correctly predicted demand in 60% of weeks, irrespective of what the level of demand turned out to be. To maximise his expected profit, the manufacturer should: Select one: a. produce 1 batch b. produce 2 batches c. be indifferent between producing 1 or 2 batches d. seek more information, as it is not possible to compute the expected profits from this information -- Correct Answer…Question 5 AIT computer department purchases a new computer every two years with preferences for three models; T1, T2 and T3. If the present model is T1, the next computer may be T2 with probability 0.2 or T3 with probability 0.15. If the present model is T2, the probabilities of switching to T1 and T3 are 0.6 and 0.25 respectively. And if present model is T3 then, the probabilities of switching to T1 and T2 are 0.5 and 0.1 respectively. Represent the situation as a Markov chain.QUESTION SIX (a) Suppose that a decision is faced with three decision alternatives and four states of nature. The following profit payoff table is constructed: Alternatives State of Nature 1S 2 S 3 S 4 S 1Α 2Α 3Α 18 15 13 12 14 16 15 10 19 8 11 15 Assuming that the decision maker has no knowledge about the probabilities of occurrence of the four states of nature, find the decisions to be recommended under each of the following criteria: iii. Minimax Reject criterion iv. Hurwicz criterion with 0.6 α =
- Question #4 - Jerry Smith is thinking about opening a bicycle shop in his hometown. Jerry loves to take his own bike on 50-mile trips with his friends, but he believes that any small business should be started only if there is a good chance of making a profit. Jerry can open a small shop, a large shop, or no shop at all. The profits will depend on the size of the shop and whether the market is favorable or unfavorable for his products. Because there will be a 5-year lease on the building that Jerry is thinking about using, he wants to make sure that he makes the correct decision. Jerry is also thinking about hiring his old marketing professor to conduct a marketing research study. If the study is conducted, the study could be favorable (i.e., predicting a favorable market) or unfavorable (i.e., predicting an unfavorable market). Develop a decision tree for Jerry.question 7 You manage an ice cream factory that makes two flavors: Creamy Vanilla and Continental Mocha. Into each quart of Creamy Vanilla go 2 eggs and 3 cups of cream. Into each quart of Continental Mocha go 1 egg and 3 cups of cream. You have in stock 450 eggs and 750 cups of cream. You make a profit of $3 on each quart of Creamy Vanilla and $2 on each quart of Continental Mocha. How many quarts of each flavor should you make to earn the largest profit? HINT [See Example 2.] (If an answer does not exist, enter DNE.) Creamy Vanilla quartsContinental Mocha quartsQUESTION A The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the company realizes, as shown in the following payoff table: State of Nature Favourable Stable Unfavourable Product 0.2 0.7 0.1 Widget $ 120,000 $ 70,000 $ –30,000 Hummer 60,000 40,000 20,000 Nimnot 35,000 30,000 30,000 Determine the best decision, using the following decision criteria Maximax Maximin LaPlace
- QUESTION A The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the company realizes, as shown in the following payoff table: State of Nature Favourable Stable Unfavourable Product 0.2 0.7 0.1 Widget $ 120,000 $ 70,000 $ –30,000 Hummer 60,000 40,000 20,000 Nimnot 35,000 30,000 30,000 Compute the expected value for each decision and select the best one. Develop the opportunity loss table and compute the expected opportunity loss for each product.QUESTION A The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the company realizes, as shown in the following payoff table: State of Nature Favourable Stable Unfavourable Product 0.2 0.7 0.1 Widget $ 120,000 $ 70,000 $ –30,000 Hummer 60,000 40,000 20,000 Nimnot 35,000 30,000 30,000 Compute the expected value for each decision and select the best one.QUESTION A The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the company realizes, as shown in the following payoff table: State of Nature Favourable Stable Unfavourable Product 0.2 0.7 0.1 Widget $ 120,000 $ 70,000 $ –30,000 Hummer 60,000 40,000 20,000 Nimnot 35,000 30,000 30,000 Compute the expected value for each decision and select the best one. B.Develop the opportunity loss table and compute the expected opportunity loss for each product.
