As a manufacturer of a flu vaccine, you must decide how many doses of vaccinations to...
As a manufacturer of a flu vaccine, you must decide how many doses of vaccinations to make. You know the following probability distribution describes the distribution of demand for vaccinations: demand will be 11 million with probability 0.44, demand will be 16 million with probability 0.27, otherwise, demand will be 23 million. What is the expected demand for vaccinations? (please express your answer in millions using 1 decimal place)
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As a manufacturer of a flu vaccine, you must decide how many
doses of vaccinations to...
Each Home Depot store must decide how much paint to order each month. From historical records,...
Each Home Depot store must decide how much paint to order each month. From historical records, they know that the amount of paint they sell during May is distributed as follows: there is a 14% chance demand will be 740 gallons, a 16% chance that demand will be 810, a 35% chance that demand will be 1300, and otherwise, demand will be 1500 gallons. What is the expected value of demand for paint? (please express your answer using 2 decimal...
Midwestern Hardware must decide how many snow shovels to order for the coming snow season. Each...
Midwestern Hardware must decide how many snow shovels to order for the coming snow season. Each shovel costs $15.00 and is sold for $29.95. No inventory is carried from one snow season to the next. Shovels unsold after February are sold at a discount price of $10.00. Past data indicate that sales are highly dependent on the severity of the winter season. Past seasons have been classified as mild or harsh, and the following distribution of regular price demand has...
A manufacturer consumes Diesel regularly at four sites. You must decide how much fuel you should...
A manufacturer consumes Diesel regularly at four sites. You must decide how much fuel you should buy from three possible suppliers. The companies in question have expressed that they can provide the following amounts during the next month: 400 gallons from company A, 600 gallons from company B and 750 gallons from company C. The demand for each location is as follows: 200 gallons from location 1, 350 gallons from location 2, 500 gallons from location 3 and 650 gallons...
A manufacturer of wooden chairs and tables must decide in advance how many of each item...
A manufacturer of wooden chairs and tables must decide in advance how many of each item will be made in a given week. Use the table to find the system of inequalities that describes the manufacturer's weekly production. 2) Use x for the number of chairs and y for the number of tables made per week. The number of 2) work-hours available for construction and finishing is fixed. N NI Hourg Hours Total per per hours chair table, available Construction...
Investment analysis q 2,30 Q12.30 As a manufacturer, you have to decide how ributors to sign...
Investment analysis q 2,30
Q12.30 As a manufacturer, you have to decide how ributors to sign up. Serv- many regional dist ing a distributor costs more the farther away it is from the factory, and different distributors have different demand. By region, gross rev enues and costs are in millions of dollars) as follows: Distributor A B CDEFG Gross Revenuc $5 SA SA S3 S2 $7 $1 Cost There is no "lime value of money in this problem. (a) Is...
Question Completion Status: QUESTION 3 A manager must decide how many machines of a certain type...
Question Completion Status: QUESTION 3 A manager must decide how many machines of a certain type to buy. The machines will be used to manufacture a new gear for which there is increased demand. The manager has narrowed the decision to two alternatives: buy one machine or buy two. If only one machine is purchased and demand is more than it can handle, a second machine can be purchased at a later time. However, the cost per machine would be...
You must decide how many units each of two products that use the same resources. The...
You must decide how many units each of two products that use the same resources. The products are X and Y The profit for X is $30 and the profit for Y is $33. For Resources 1, 2 and 3 product X requires 2. 1. and 4 hours, respectively. For Resources 1, 2 and 3 product Y requires 3, 2, and 2 hours, respectively. The available hours on Resources 1, 2, and 3 are 270,300, and 200, respectively. There are...
A manufacturer of designer jeans must decide whether to build a large factory or a small...
A manufacturer of designer jeans must decide whether to build a large factory or a small factory in a specific location. The profit per pair of jeans manufactured is estimated as $10. A small factory will incur an annual cost of $200,000, with a production capacity of 50,000 pairs of jeans per year. A large factory will incur an annual cost of $400,000, with a production capacity of 100,000 pairs of jeans per year. Four levels of manufacturing demand are...
Dan McClure owns a thriving independent bookstore in artsy New Hope, Pennsylvania. He must decide how...
Dan McClure owns a thriving independent bookstore in artsy New Hope, Pennsylvania. He must decide how many copies to order of a new book, Power and Self-Destruction, an exposé on a famous politician’s lurid affairs. Interest in the book will be intense at first and then fizzle quickly as attention turns to other celebrities. The book’s retail price is $20, and the wholesale price is $12. The publisher will buy back the retailer’s leftover copies at a full refund, but...
Mountain Ski Sports, a chain of ski-equipment shops in Colorado, purchases skis from a manufacturer each...
Mountain Ski Sports, a chain of ski-equipment shops in Colorado, purchases skis from a manufacturer each summer for the coming winter season. The most popular intermediate model costs $150 and sells for $275. Any skis left over at the end of the winter are sold at the store's spring sale (for $100). Sales over the years are quite stable. Gathering data from all its stores, Mountain Ski Sports developed the following probability distribution for demand: Demand Probability 150 0.05 175...
Midwestern Hardware must decide how many snow shovels to order for the coming snow season. Each shovel costs $15.00 and is sold for $29.95. No inventory is carried from one snow season to the next. Shovels unsold after February are sold at a discount price of $10.00. Past data indicate that sales are highly dependent on the severity of the winter season. Past seasons have been classified as mild or harsh, and the following distribution of regular price demand has...
A manufacturer of wooden chairs and tables must decide in advance how many of each item will be made in a given week. Use the table to find the system of inequalities that describes the manufacturer's weekly production. 2) Use x for the number of chairs and y for the number of tables made per week. The number of 2) work-hours available for construction and finishing is fixed. N NI Hourg Hours Total per per hours chair table, available Construction...
Investment analysis q 2,30
Q12.30 As a manufacturer, you have to decide how ributors to sign up. Serv- many regional dist ing a distributor costs more the farther away it is from the factory, and different distributors have different demand. By region, gross rev enues and costs are in millions of dollars) as follows: Distributor A B CDEFG Gross Revenuc $5 SA SA S3 S2 $7 $1 Cost There is no "lime value of money in this problem. (a) Is...
Question Completion Status: QUESTION 3 A manager must decide how many machines of a certain type to buy. The machines will be used to manufacture a new gear for which there is increased demand. The manager has narrowed the decision to two alternatives: buy one machine or buy two. If only one machine is purchased and demand is more than it can handle, a second machine can be purchased at a later time. However, the cost per machine would be...
You must decide how many units each of two products that use the same resources. The products are X and Y The profit for X is $30 and the profit for Y is $33. For Resources 1, 2 and 3 product X requires 2. 1. and 4 hours, respectively. For Resources 1, 2 and 3 product Y requires 3, 2, and 2 hours, respectively. The available hours on Resources 1, 2, and 3 are 270,300, and 200, respectively. There are...
Mountain Ski Sports, a chain of ski-equipment shops in Colorado, purchases skis from a manufacturer each summer for the coming winter season. The most popular intermediate model costs $150 and sells for $275. Any skis left over at the end of the winter are sold at the store's spring sale (for $100). Sales over the years are quite stable. Gathering data from all its stores, Mountain Ski Sports developed the following probability distribution for demand: Demand Probability 150 0.05 175...
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