QUESTION 3 Bijik Kopie Outlet purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages through its company- operated retail stores. As customers, Biji Kopie Outlet decided to give discounts to their buyers. The buyers will get discount price off from their total price of purchased. The discount is based on the following: an appreciation for their Total purchasing (RM) < RM10.00 Discount No discount RM50.00 > Total Purchase 2 RM10.00 5% of total price RM100.00 > Total Purchase > RM50.00 8% of total price 10% of total price > RM100
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- PROBLEM 2 Professor Weejohs teaches two sections of business analytics, which combined will result in 120 final exams to be graded. Professor Weejohs has two assistants, AJ and Romel, who will grade the final exams. There is a 3-day period between the time the exam is administered and when final grades must be posted. During this period AJ has 12 hours available and Romel has 10 hours available to grade the exams. It takes AJ an average of 7.2 minutes to grade an exam, and it takes Romel 12 minutes to grade an exam; however, AJ’s exams will have errors that will require Professor Weejohs to ultimately regrade 10% of the exams, while only 6% of Romel’s exams will require regrading. Professor Weejohs wants to know how many exams to assign to each assistant to grade in order to minimize the number of exams to regrade. Required: a. Solve this model by using Solver in MS Excel. Generate the (1) answer and (2) sensitivity reports for this model. b. If Professor…It's a Machine Learning question. Suppose we have market basket data consisting of 100 transactions and 20 items. Compute the total number of possible association rules. If the support for item A is 25%, the support for item B is 90% and the support for itemset {A,B} is 20%. Let the support and confidence thresholds be 10% and 60%, respectively. Compute the confidence of the association rule {A} → {B} & {B} → {A}.You are trying to model what fraction of market share anew drug will lose the year a competitor comes in. Table 13gives information for similar drugs. For example,competition for one drug entered the market 2 years afterour drug, and we then lost 21% of our market share. Howwould you model the effect of competition on our productsales?
- A survey asked people what alternative transportation modes they use. Using the data to completea Venn diagram, then determine: a) what percent of people only ride the bus, and b) how manypeople dont use any alternate transportation.25% walk, 10% ride a bicycle and walk, 30% use the bus, 20% ride a bicycle, 5% use the bus andride a bicycle, 12% use the bus and walk, 2% use all three.Question 4An electronics shop sells 6000 headphones in a year and the sales is relatively constantthroughout the year. These headphones are purchased for SR 20.00 each, and the leadtime is three days. The holding cost per headphone per year is 10% of the unit cost andthe ordering cost per order is SR 75. There are 300 working days per year. Calculate thefollowing:(i) What is the annual holding cost?(ii) In minimizing the cost, how many orders would be made each year?(iii) Given the EOQ, what is the total annual inventory cost (including purchase cost)?(iv) What is the time between orders?(v) What is the ROP?Teddy Bower is an outdoor clothing and accessories chain that purchases a line of parkas at $10 each from its Asian supplier, TeddySports. Unfortunately, at the time of the order placement, demand is still uncertain: Teddy Bower forecasts that its demand is normally distributed with a mean of 2100 and a standard deviation of 1200. Teddy Bower sells these parkas at $22 each. Unsold parkas have little salvage value; Teddy Bower simply gives them away to a charity (and also doesn’t collect a tax benefit for the donation). Round your answer to 2 digits after the decimal point if it is not an integer. Do NOT use comma in your numeric answers. Use excel for accuarate numbers. Dont round until the end. The probability that this parka turns out to be a “dog” is [xa]%, which is defined as a product that sells less than half of the forecast (use the standard normal table below). The underage cost is $[xb]. The overage cost is $[xc]. The critical ratio is [xd]. Teddy Bower should buy [xe] parkas…
- 16.What is the compact way to assess the modality for customers buying from salesperson? A: customers buy from many salespersons B: customers buy from only one salesperson C: customers buy from at most one salesperson D: customers buy from at least one salespersonUse the Excel template VLC to find the average value of a loyal customer (VLC) in a target market segment if the average purchase price is $200 per visit, the frequency of repurchase is 7 times per year, the contribution margin is 23 percent, and the average customer defection rate is 19 percent?Superficially, it looks like the mobile app has not cannibalized the mobile website, this is because the monthly mobile website visitor has grown in 2018 and 2019. However, the comparison of actual visitors in 2018 to 2017 actual visitors is not correct. To find cannibalization, we should compare the actual visitors to the expected visitors. Assume that if the firm did not launch the app, the mobile website user base would have grown at the CAGR rate. (b) Using CAGR computed in E15, write the formula in cells D26 and D27 to calculate the Expected Mobile website visitor in 2018 and 2019, respectively. (c) Compute the percent decline or increase in the mobile website visitors, write a formula in cell E26 and copy to cell E27. (d) In cell F26, Use the IF Function to create a formula to print "Yes" if there is cannibalization; else, the formula should print "No". Copy the formula to cell F27.Hint: If the percent increase is negative then there is cannibalization, else there is no…
- I would like to model a sales process in R by using the binomial distribution. How can I do that? My initial values are: #Target Grouptarget_group <- 1000 #Leadslead_rate <- 0.1lead_cost <- 5 #Appointmentsappointment_rate_assistant <- 0.15appointment_cost <- 50 #Conversionsconversion_rate_representative <- 0.8conversion_cost <- 100# Traditional Marketing Metrics (Classical KPIs - Base)current_month_revenue <- 50000 # Current month revenuelast_year_month_revenue <- 45000 # Revenue for the same month last yeartarget_sales <- 800000 # Target sales per Month# Customer Base Metrics (Existing Customers)average_order_value_existing <- 10000 #Average order valueretention_rate <- 0.8 #Retention rate# New Customer Acquisition Metricsaverage_order_value_new <- 15000Last year, the retailer's weekly variance of demand was 100 units. The variance of orders was 250, 300, 400 and 600 units for the retailer, wholesalers, distributing and manufacturer. respectively (note that the variance of orders equals the variance of demand for that firm's supplier) A. calculate the bullwhip measures for the retailer, wholesales, distributor and manufacturer? B. what is the bullwhip effect for the entire supply chain? C. provide actionable guidelines (with anticipated bullwhip measures of each point on how to reduce bullwhip measures to 2 in the supply chain? All your calculations has to be done on paper and has to be done on excel sheets. Each question you must show the formula used to calculate the answer in excel sheet in order to use excel in exam. The excel sheet must be used as well and provide all the formulas used for each answer in order to use excel in the exam.Question # 3. Association learning CLO-3,4, PLO-1,2,3, C-1,2,3 14 How many number of rules can be made from the dataset which is given in Table 3? Identify those item sets from which rules can be made. Also define the criteria of selection Calculate the Support value of {Ketchup and Soda} and find the confidence value of all rules which can be possible by this item set. Table 3. Transaction ID Items 1 Ketchup, Hamburgers, Soda 2 Cereal, Milk, Diapers, Bread 3 Hot dogs, ketchup, Soda, Milk 4 Greeting card, Cake, Soda 5 Greeting Card, Cake, Milk, Cereal