Homework Answers
Mass customization
The production of personalized goods or services to meet
individual consumers' diverse needs at near mass production
prices
-Mass producers identify and exploit commonalities across customer
populations, while mass customizers focus on identifying areas
where customer needs diverge.
Examples:
my m&m's
NikeID
Indochino
LongChamp
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Question 8 4 pts means tailoring products to meet the needs of a large number of...
Question 30 2 pts are those who meet the needs of growing ethnic groups within a...
Question 30 2 pts are those who meet the needs of growing ethnic groups within a foreign nation. O Advocacy entrepreneurs O Millenial entrepreneurs Cultural entrepreneurs O Predatory entrepreneurs
Question 1 1 pts An industry with a large number of relatively small firms producing differentiated...
Question 1 1 pts An industry with a large number of relatively small firms producing differentiated products in a market with easy entry and exit firms is: duopoly. oligopoly. monopoly. monopolistic competition. Question 13 1 pts To practice effective price discrimination, a firm must: have distinguishable customers. match the prices of its competitors. allow others to resell its product. advertise its product.
13. A chemical company just got a large order for one of their products from a...
13. A chemical company just got a large order for one of their products from a large manufacturing company. To meet the demand, the owners come to you and ask if there is a quick, safe, and easy way to triple production without increasing production time. The reaction of interest has an activation energy of 85 kJ mol-' and has a rate constant of 9.33 X 10 - M s at 80 °C. You note that the facility can only...
Consider the following processes, their arrival times, burst duration and priority (low number means high priority...
Consider the following processes, their arrival times, burst duration and priority (low number means high priority PTD rival tineurt Tine Priority If Shortest Remaining Time First Scheduling (Shortest Job First) with preemption is used, what is the average waiting time far the 4 pracesses? D Question 10 8 pts Consider the following processes, their arrival times, burst duration and priority low number means high priority PID If FCFS scheduling is used, what is the average waiting time for the 4...
Question 2 1 pts In an ANOVA test comparing several population means, if the alternative hypothesis...
Question 2 1 pts In an ANOVA test comparing several population means, if the alternative hypothesis is true, the F statistic tends to be close to zero. True False Question 3 1 pts If the two variables in a two-way table are not associated, the conditional distributions in the table are similar to each other. O True False Question 4 1 pts In a multiple regression model, if the P-value associated with the F test is less than the significance...
Question 22 4 pts The number of patients admitted per day to a large hospital's ICU...
Question 22 4 pts The number of patients admitted per day to a large hospital's ICU follows a skewed right distribution with a mean of 20 and a standard deviation of 8. Suppose a sample of 100 days was collected over the past year and the average number of patients admitted per day was calculated. Does the Central Limit Theorem apply to this problem? No Yes, since np and nq are both at least 15 Yes, since n is at...
In which market structure is there a large number of firms producing slightly differentiated products? O...
In which market structure is there a large number of firms producing slightly differentiated products? O A. either perfect competition or monopolistic competition O B. monopoly O C. only perfect competition O D. only monopolistic competition O E. oligopoly Which of the following is an example of a two part tariff? O A. price discrimination based on the buyers' willingness to pay B. higher sales tax on specific products O c. a regulated firm uses marginal cost pricing for some...
both 8 and 9 please! Question 8 4 pts The concept of pricing product based upon...
both 8 and 9 please!
Question 8 4 pts The concept of pricing product based upon its value to the customer is: Against the law A concept that is not applicable to wholesaling A concept used by manufacturers only None of the above Question 9 4 pts When marketing professionals consider such demographics as age, income, education and/or gender they are applying this information for ___type of customers: Manufacturing Medium to large businesses only General public All the above
Question 4 1 pts Which of the following reasons is not the reason why the K-means...
Question 4 1 pts Which of the following reasons is not the reason why the K-means algorithm will likely end up with sub-optimal clustering? (Select all that apply.) Bad choices for the initial cluster centers. Choosing a k that corresponds to the number of natural clusters in the dataset. Fast convergence of the K-means algorithm. Existence of closely located data samples in the dataset. Question 5 1 pts Which of the following is a step in K-means algorithm implementation? (Select...
Question 20 8 pts A large number of consecutive IP addresses are available starting at 198.16.0.0....
Question 20 8 pts A large number of consecutive IP addresses are available starting at 198.16.0.0. Suppose that four organizations, A, B, C, and D. request 512, 2000, 1000, and 4000 addresses, respectively, and in that order. For each of these, give the first IP address assigned the last IP address assigned and the mask in the w.xy.z/s notation BI VA-AI EX11XXEE - 2112pt Paragraph I words Question 21 3 pts If a communication line has an attenuation of -10dB,...
Question 30 2 pts are those who meet the needs of growing ethnic groups within a foreign nation. O Advocacy entrepreneurs O Millenial entrepreneurs Cultural entrepreneurs O Predatory entrepreneurs
Question 1 1 pts An industry with a large number of relatively small firms producing differentiated products in a market with easy entry and exit firms is: duopoly. oligopoly. monopoly. monopolistic competition. Question 13 1 pts To practice effective price discrimination, a firm must: have distinguishable customers. match the prices of its competitors. allow others to resell its product. advertise its product.
13. A chemical company just got a large order for one of their products from a large manufacturing company. To meet the demand, the owners come to you and ask if there is a quick, safe, and easy way to triple production without increasing production time. The reaction of interest has an activation energy of 85 kJ mol-' and has a rate constant of 9.33 X 10 - M s at 80 °C. You note that the facility can only...
Consider the following processes, their arrival times, burst duration and priority (low number means high priority PTD rival tineurt Tine Priority If Shortest Remaining Time First Scheduling (Shortest Job First) with preemption is used, what is the average waiting time far the 4 pracesses? D Question 10 8 pts Consider the following processes, their arrival times, burst duration and priority low number means high priority PID If FCFS scheduling is used, what is the average waiting time for the 4...
Question 2 1 pts In an ANOVA test comparing several population means, if the alternative hypothesis is true, the F statistic tends to be close to zero. True False Question 3 1 pts If the two variables in a two-way table are not associated, the conditional distributions in the table are similar to each other. O True False Question 4 1 pts In a multiple regression model, if the P-value associated with the F test is less than the significance...
Question 22 4 pts The number of patients admitted per day to a large hospital's ICU follows a skewed right distribution with a mean of 20 and a standard deviation of 8. Suppose a sample of 100 days was collected over the past year and the average number of patients admitted per day was calculated. Does the Central Limit Theorem apply to this problem? No Yes, since np and nq are both at least 15 Yes, since n is at...
In which market structure is there a large number of firms producing slightly differentiated products? O A. either perfect competition or monopolistic competition O B. monopoly O C. only perfect competition O D. only monopolistic competition O E. oligopoly Which of the following is an example of a two part tariff? O A. price discrimination based on the buyers' willingness to pay B. higher sales tax on specific products O c. a regulated firm uses marginal cost pricing for some...
both 8 and 9 please!
Question 8 4 pts The concept of pricing product based upon its value to the customer is: Against the law A concept that is not applicable to wholesaling A concept used by manufacturers only None of the above Question 9 4 pts When marketing professionals consider such demographics as age, income, education and/or gender they are applying this information for ___type of customers: Manufacturing Medium to large businesses only General public All the above
Question 4 1 pts Which of the following reasons is not the reason why the K-means algorithm will likely end up with sub-optimal clustering? (Select all that apply.) Bad choices for the initial cluster centers. Choosing a k that corresponds to the number of natural clusters in the dataset. Fast convergence of the K-means algorithm. Existence of closely located data samples in the dataset. Question 5 1 pts Which of the following is a step in K-means algorithm implementation? (Select...
Question 20 8 pts A large number of consecutive IP addresses are available starting at 198.16.0.0. Suppose that four organizations, A, B, C, and D. request 512, 2000, 1000, and 4000 addresses, respectively, and in that order. For each of these, give the first IP address assigned the last IP address assigned and the mask in the w.xy.z/s notation BI VA-AI EX11XXEE - 2112pt Paragraph I words Question 21 3 pts If a communication line has an attenuation of -10dB,...
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