Please help to solve step by step. QUESTION 6The Crestview Printing Company prints a particularly popular Chnistmas card once a year and distributes the cards to stationery and gift shopsthroughout the United States. It costs Crestview 20 cents to print each card, and the company receives 65 cents for each card sold Because thecards have the current year printed on them, those cards that are not sold are generally discarded. Based on past experience and forecasts ofcurrent buying patterns, the probability distribution of the number of cards to be sold nationwide for the next Christmas season is estimated to beQuantity(Thousands)Probability1251752252753253754250.100150 250.20,150.100.05Determine the number of cards in thousands that Crestview should print this year.257.5

Answered: Determine the number of cards in…

Business

Operations Management

Determine the number of cards in thousands that Crestview should print this year. 257.5

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

QUESTION 3 A department store has recorded the sales of the best selling can opener model during the last 6 months. Observed values of the can opener sales are: Period 1 2 3 4 5 6 Sales 25 22 26 33 28 30 Use Holt’s double exponential smoothing with smoothing coefficients α=0.3, β=.15, S1=24.13 and G1=1.484 to calculate F1,2, G2 and S2. F1,2 = S2 = G2 =
Question 2 Historical demand for gulab jamun from a sweet stall on Commercial Road is as displayed in the table. Month Demand (orders) January 66,753 February 67,686 March 68,641 April 68,979 May 69,278 June 69,577 July 69,602 August 70,348 September 70,806 October 71,011 November 71,819 December 72,752 What is the forecast for June using Holt's model with an alpha of 0.1 and a beta of 0.2? 69121 69612 70564 63545 Full explain this question text typing
QUESTION 4 In an effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room. Historically, the cost of lighting an average classroom for 1 week has been $265. To determine whether the changes have signficantly reduced costs, the university takes a sample of 50 classrooms. They find that the average cost for 1 week is $247 with a standard deviation of $60. When testing the hypothesis (at the 5% level of significance) that the average energy use has decreased from the past, what is your conclusion concerning the null hypothesis? Reject the null hypothesis Fail to reject the null hypothesis
Question 6 Tech Company is a medium-sized consumer electronics retailer. The company reported $155,000,000 in revenues for 2007 and $110,050,000 in Costs of Goods Sold (COGS). In the same year, Tech Co. held an average of $20,000,000 in inventory. How many times did Tech Co. turn its inventory in 2007?
QUESTION 2 In an effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room. Historically, the cost of lighting an average classroom for 1 week has been $265. To determine whether the changes have signficantly reduced costs, the university takes a sample of 50 classrooms. They find that the average cost for 1 week is $247 with a standard deviation of $60. When testing the hypothesis (at the 5% level of significance) that the average energy use has decreased from the past, what is the test statistic? (please round your answer to 2 decimal places)
QUESTION 3 In an effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room. Historically, the cost of lighting an average classroom for 1 week has been $265. To determine whether the changes have signficantly reduced costs, the university takes a sample of 50 classrooms. They find that the average cost for 1 week is $247 with a standard deviation of $60. When testing whether the average energy use has decreased from the past (with a null hypothesis that the use has increased) (using the 5% level of significance), what is the p-value? (please round your answer to 4 decimal places)
QUESTION 12 Suppose sales for the past 6 months have been119, 82, 103, 117, 116, and 97 Using a smoothing coefficient of 0.7, what is the exponentially smoothed value for the 3rd period? (please round your answer to 1 decimal place)
Question 1 Samsung Electronics Co. Ltd said on Thursday it expects chip shortages to affect chip demand from some customers in the final three months of the year, after reporting its highest quarterly profit in three years. The warning comes as producers of goods from televisions to cars have faced a host of supply chain issues ranging from a shortage of logic chip parts, manpower shortages, logistics snarls, and delays at parts plants due to power cuts in China. Samsung said demand for server DRAM chips, which temporarily save data, and NAND flash chips that serve the data storage market, is expected to stay robust in the fourth quarter due to expansion of data centre investments. Although supply chain issues could limit demand from some mobile chip customers in the fourth quarter, demand for server and personal computer chips is expected to be robust in 2022 despite uncertainties, it said. Analysts expect Samsung's fourth quarter earnings to be level or below its third quarter…
QUESTION 2 Mogomotsi, a 27 year old graduate from Kopong, runs a small stock farm from a family ownedfarm at Metsimotlhabe. He obtains supplies (supplementary feed, medicines, tools) from localagrishops, hardwares. The government has recently secured markets in the Middle East for smallstock and rolled out programs to encourage more citizens to enter small stock farming business.Demand for weaners (sheep and goats), feed, medicines and all other implements has increased.Stud breeders and large-scale farmers have ramped up production to explore this opportunity.Traditionally, livestock was sold to Botswana Meat Commission, the government has liberalizedthis market with all chain stores setting up to take advantage to set butchery section to sell meat. a. In light of the above, conduct an industry analysis using Porter’s Five Forces Model.
Question 2Chad and James are two veteran sales executives who have been working for a well-established car distributor selling new cars. About six years ago, believing that there were good prospects in starting a business in selling used cars, both gentlemen left their employment to venture out.Since the beginning of their company, sales had been quite positive, but the owners now wanted to know more about future sales using an appropriate forecasting method. For a start, they wanted to focus on the quarterly sales of a popular brand of used cars.The sales figures over the last five years were used for the forecast. They are presented in the table below. (c) Explain why forecasting, despite its usefulness or sophistication, should only be considered a useful tool for decision making in any business. What are other factors that need to be considered? (d) The business of selling cars in Singapore, like many businesses, is subject to uncertainties.Discuss three (3) external factors,…
QUESTION TWOGM Motors of Lusaka produces electronic motors for power actuated values for block makers in Lusaka. The GM Motors has been in operational for a year now and Mr. Banda, the plant manager, thinks that the growth in sales will continue for the years to come. Mr. Banda wants to develop a long range forecast to be used to plan facility requirements for the next three years. The sales records for the past ten years have been accumulated; Years Annual Sale (K’000)2007 10002008 13002009 18002010 20002011 20002012 20002013 22002014 26002015 29002016 3200 Required:a) Develop a regression equation for predicting the sales for the electronic motors. b) Use the regression equation to predict the sales for the next three year. c) Find the relationship between the sales and the years. Explain what your finding means. 2. A firm uses simple exponential smoothing with a=0.1…
Question 3 [Soalan 3] Use the data set below to answer the following questions: [Gunakan set data di bawah untuk menjawab soalan-soalan berikut:] Table 1: Monthly sales unit [Jadual 1: Unit jualan bulanan] Month [Bulan] Sales Units [Unit Jualan] 1 1100 2 1200 3 1450 4 1800 5 2100 6 2700 ii) Calculate the four-period weighted moving average forecasts for months 5 and 6 using weights of 0.05, 0.15, 0.30, and 0.50 from the earliest period to the latest period, respectively. [Hitungkan ramalan wajaran purata bergerak menggunakan empat-tempoh untuk bulan 5 dan 6 menggunakan pemberat 0.05, 0.15, 0.30 dan 0.50 dari tempoh yang terawal ke tempoh yang terakhir mengikut turutan.]