Imagine that you ask for a raise and your boss says that you can have one...
Imagine that you ask for a raise and your boss says that you can have one if you close at least half of your sales visits this month. You have 8 accounts and in the past the probability of closing one was 0.8. What is the probability that you get the raise? Please answer in decimals.
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Imagine that you ask for a raise and your boss says that you can
have one...
Choose a product or company of interest to you. Imagine your boss asks you to determine...
Choose a product or company of interest to you. Imagine your boss asks you to determine the price elasticity of demand for your product. Explain at least three different factors that might make your task difficult. How might you get around those issues?
4. Financial ratios in the forecasting process Your boss has asked you to take a closer...
4. Financial ratios in the forecasting process Your boss has asked you to take a closer look at your company's credit policies. You have been given the following information: Accounts receivable balance: $715,000 Average daily sales: $12,980 Weighted average cost of capital: 8% Your firm's days sales outstanding (DSO) is Your boss is unhappy with your company's DSO and wants to bring it down to the industry average of 25 days. The marketing department told you that they expect sales...
Question 2 [Avec R] Say you can ask people to give a rating of a potential...
Question 2 [Avec R] Say you can ask people to give a rating of a potential product. The population mean of this product's rating is μ, which is unknown. If you ask a single person. they will respond with a random variable that has a mean μ and a variance of 100. (a). Call n the number of people sampled and x =-Σ-1x, the sample mean of each individual's response. This will be your cstimate. What is the approximate distribution...
Since your desk is close to the office supplies closet, it didn’t take long for you...
Since your desk is close to the office supplies closet, it didn’t take long for you to notice that one of your colleagues, Jeffery, visits the office supplies quite frequently. You don’t have any solid evidence that he’s stealing, but you can’t figure out why else he’d be making daily trips into the closet. So you decide to confront Jeffery and he says, "Of course I’m taking office supplies home. And yes, I know that technically it’s stealing, but don’t...
Imagine you have a job registering people to vote, and you need to register one more...
Imagine you have a job registering people to vote, and you need to register one more person before the end of the day. Based on your work thus far, you know that each person you approach has a *4% probability* of registering to vote with you. What is the *expected number of people* you need to approach before you're likely to get someone to register? Please also include the *standard deviation* around your estimate, and describe how you arrive at...
1. You have decided to roll dice to negotiate your salary adjustment with your new boss....
1. You have decided to roll dice to negotiate your salary adjustment with your new boss. You will roll two dice three times and your new salary increase will be based on the following conditions. You will be allowed to roll after the first roll, but you must commit to both the second and third rolls if you do not: A. First roll Die roll 1 total Outcome 2 Lose your job 3, 4, or 5 Lose $10,000 6, or...
As you may have experienced or at least can imagine, the role of patient advocate is...
As you may have experienced or at least can imagine, the role of patient advocate is a very important responsibility. I hope that no one has to assist a loved one when addressing his/her long term care needs. However, for most of us, the inevitability of providing support is real. So, in order to understand what patient advocacy is, I would like you to describe (3 paragraphs) how you think you can make a difference when approaching the needs of...
What is the least you could have purchased one share of Amazon for in the past...
What is the least you could have purchased one share of Amazon for in the past year? What is the most one share of Facebook could have cost you in the past year? What is the most one share of Tesla traded for on 2/12? What was the closing price on 2/13 for Walmart? What did Microsoft close at on 2/14?
4. Financial ratios in the forecasting process Your boss has asked you to take a closer...
4. Financial ratios in the forecasting process Your boss has asked you to take a closer look at your company's credit policies. You have been given the following information: Accounts receivable balance: $715,000 Average daily sales: $12,980 Weighted average cost of capital: 11% Your firm's days sales outstanding (DSO) is Your boss is unhappy with your company's DSO and wants to bring it down to the industry average of 25 days. The marketing department told you that they expect sales...
1. You want to go to your boss and ask for additional staff in your emergency...
1. You want to go to your boss and ask for additional staff in your emergency room. You have noticed an increase in patients in the ER since the previous year. You collect data by month for the two years to compare. Assume that the number of patients are normally distributed. d. You set your level of significance at alpha = 0.05 and determine your t-critical value of 2.074 since you are decided to conduct a independent samples t-test. What...
4. Financial ratios in the forecasting process Your boss has asked you to take a closer look at your company's credit policies. You have been given the following information: Accounts receivable balance: $715,000 Average daily sales: $12,980 Weighted average cost of capital: 8% Your firm's days sales outstanding (DSO) is Your boss is unhappy with your company's DSO and wants to bring it down to the industry average of 25 days. The marketing department told you that they expect sales...
Question 2 [Avec R] Say you can ask people to give a rating of a potential product. The population mean of this product's rating is μ, which is unknown. If you ask a single person. they will respond with a random variable that has a mean μ and a variance of 100. (a). Call n the number of people sampled and x =-Σ-1x, the sample mean of each individual's response. This will be your cstimate. What is the approximate distribution...
4. Financial ratios in the forecasting process Your boss has asked you to take a closer look at your company's credit policies. You have been given the following information: Accounts receivable balance: $715,000 Average daily sales: $12,980 Weighted average cost of capital: 11% Your firm's days sales outstanding (DSO) is Your boss is unhappy with your company's DSO and wants to bring it down to the industry average of 25 days. The marketing department told you that they expect sales...
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