3 Theory of Constraints (20 pts) requires two separate processes, casting the steel into bumpers, then chrome plating the bumpers. They have orders for more bumpers than they have ever been able to manufacture. Recently they have instituted a quality management program to improve production ef It has been somewhat successful. The can now cast 14,000 bumpers monthly (15% improvement...
3. Consider the following two-player game in strategic form LM R A 2,2 2,2 2,2 В 3,3 0,2 0,0 С 0,0 3,2 0,3 This game will demonstrate several methods for ruling out possible mixed- strategy equilibria (a) What are the pure strategy equilibria? (b) Show that there does not exist an equilibrium in which Player 1 (the row player) assigns...
A recent census revealed that the population mean and population standard deviation for rent paid for studio apartments a city was $1,090 and 30, respectively. This census was way too expensive, so the city is now exploring what it could learn from a random sample a) What is the probability that a sample of 500 would produce a sample mean...
3.13. Bachelier's martingale. Consider a game that, at each coup, pays a to with probability p, where 0<p < 1; otherwise the amount of the bet is lost. A gambler with initial fortune 3 bets his entire fortune at each coup until he loses. Under what conditions on a, 3, and p is the gambler's sequence of fortunes a martingale?...
Determine the following: -organizationap chart -stakeholder register -charter -scope statement -WBS -Schedule assignment -cost assignment -earned value assignment Problem Case Summary Wilmont's is a top-ranked US retail pharmacy with more than 8,000 stores nationwide. The company is secretly considering delivering prescriptions by flying drone. Drone Tech, a small firm in San Francisco, CA announced the approach in March, and Wilmont's...
L Finding Probability or Proportion of Given Sample Means Givena normal distribution with μ = 100 and σ= 12, a sample of at random A. What is the probability that The sample mean will fall above 992 What proportion of the sample means will have a value less than 952 B. Il. Finding Sample Means from Given Probabilities or Percentages...
A crawler tractor is used about 1,500 hours per year. It cost $150,000 new and has a useful life of 15,000 hours. Estimated salvage value after 15,000 hours of use is $25,000. Minimum attractive rate of return is 10%. a. What is the hourly ownership cost for the tractor? b. What do you estimate the hourly maintenance and repair cost...
Consider the following information: Rate of Return if State Occurs State of Economy Boom Good Poor Bust Probability of State of Economy 0.10 0.60 0.25 0.05 Stock A 0.34 0.19 - 0.01 - 0.15 Stock B 0.44 0.15 - 0.09 - 0.19 Stock 0.24 0.08 - 0.07 - 0.11 a. Your portfolio is invested 25 percent each in A and...
Required information The following information applies to the questions displayed below) Michael is single and 35 years old. He is a participant in his employer's sponsored retirement plan. How much can Michael contribute to a Roth IRA in 2019 in each of the following alternative situations? (Leave no answer blonk. Enter zero if applicable.) c. Michael's AGI is $123,000 before...
7. Despite Break-even analysis is a useful tool to find out the break-even point, it has a number of assumptions. Which of the following is incorrect? Course teacher: Steve Lam Course Assessment 3 A Total costs and total revenues do not have linear functions of output B Assuming costs can be classified into either fixed or variable elements C The...