Explain or define each of these terms:c. Expected value
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Explain or define each of these terms:
c. Expected value
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- difference between order statistics and quantile?Classify the following risks into variation, foreseen uncertainty, unforeseen uncertainty, and chaos:b. A machine on the plant floor breaks down for an hourTime left 0:35:31 Question 4 Answer saved Marked out of 1.00 Flag question Question text The Campbell Company is evaluating the proposed acquisition of a new milling machine. The machine’s base price is $108,000, and it would cost another $12, 500 to modify it for special use by your firm. The machine will be sold after three years for $65,000. The applicable depreciation rates are 33 percent, 45 percent, 15 percent, and 7 percent. The machine would require an increase in net operating working capital (inventory) of $5,500. The machine would have no effect on revenues, but is expected to save the firm $44,000 per year in before tax operating costs, mainly labor. Campbell’s marginal tax rate is 35 percent. What is the Net Investment (NINV)
- Scenario 3: Falsifying Attendance Jason, a Junior System Administrator with the Management Information Systems Department, clocked in 4 minutes and 27 seconds late for work this morning. While he won’t get fired for it, being late this once means that he will not receive the perfect attendance incentive which he needs to make ends meet, given his daughter’s recent series of hospitalizations. It’s not that Jason didn’t make an effort to be there on time. He actually arrived in the office five minutes early but was unable to clock in immediately because his direct superior, Raffy, asked him for an informal project progress report as soon as he walked in the door. As a Junior System Administrator, Jason has access and the capability to edit the company’s attendance records. He figures that since he was unable to punch in only because of his boss, it wouldn’t hurt to edit the timestamp on his attendance for today. What is the Business Ethics Principles that suit to this case study?…Month # MachineHours (X) MaintenanceCosts (Y) Jan 3,000 $440 Feb 4,500 $690 Mar 8,000 $510 Apr 7,000 $600 May 6,000 $550 Jun 9,000 $980 Jul 3,500 $840 Aug 5,500 $600 What does the slope represent? the rate at which the X variable changes as a result of the Y variable the rate at which the Y variable changes as a result of the X variable the rate at which the independent variable changes as a result of changes in the dependent variable the rate at which the dependent variable changes as a result of the fixed cost componentQ: Model the following business process at a supplier. . After a supplier notifies a retailer of the approval of a purchase order, the supplier can receive an order confirmation, an order change, or an order cancelation from the retailer. It may happen that no response is received at all. If no response is received after 48 h, or if an order cancelation is received, the supplier will cancel the order. If an order confirmation is received within 48 h, the supplier will process the order normally. If an order change is received within 48 h, the supplier will update the order and ask again the retailer for confirmation. The retailer is allowed to change an order at most three times. Afterwards, the supplier will automatically cancel the order.
- 11. Three yearly moving averages for the given data are ________________________. Year Progress 1990 121 1991 115 1992 133 1993 142 1994 121 a. 123, 130, 138 b. 123, 130, 136 c. 123, 130, 132 d. 123, 132, 134What is the average number of tennis balls does Skousen maintain?David works for Wool garments company as a production manager. He often participates in the annual budgeting process of the company. David is requested by the Chief Executive Officer Linda to submit his department’s budgeted production for the following year. Linda reviews and typically adds 10 percent to the production budget provide by David. The new amount becomes David’s target production level for the following year. David can receive a cash bonus if his department exceeds the projected production level. 3. Suggest what should be done to prevent a manager from providing inaccurate budgets which can easily achieved.
- Eastern Motors Auto Dealership wanted to estimate the average CLV over a 5 year time horizon of a customer who purchases a new vehicle. The average vehicle sells for $28,939 and has a margin of 6%. Based on historical averages, 83 of people buying a new vehicle at Eastern will return for service 9 times over the next 5 years. Though it varies considerably, Eastern generates approximately $92 in margin on each service visit after accounting for parts and direct labor costs. What is the estimated 5 year value of the service component (only) of a customer who purchases a new vehicle at Eastern Motors?Brown's, a local bakery, is worried about increasedcosts- particularly energy. Last year's records can provide afairly good estimate of the parameters for this year. WendeBrown, the owner, does not believe things have changed much,but she did invest an additional $3,000 for modifications to thebakery's ovens to make them more energy efficient. The modificationswere supposed to make the ovens at least 15% more efficient.Brown has asked you to check the energy savings of thenew ovens and also to look over other measures of the bakery'sproductivity to see if the modifications were beneficial. You havethe following data to work with:Case Study:An old school Ice cream shop that was quite popular in the neighborhood for manyyears, is suffering huge loss because of the opening of a nearby supermarket thathosts a variety of ice creams in their freezer section. The ice cream shop was oncepopular for their unique flavored ice creams but they are unable to predict thesupply and demand causing many customers to get disappointed because they goout of stock every so often. The owner of the ice cream shop is your friend and asksyou for advice to resolve this problem. Take him through the SDLC phases andpresent requirements, designs and a project plan for your proposed system to theowner.2. Draw Entity Relationship Diagram for the proposed system based on therequirements showing the Entities, Attributes and Cardinality between entities