An inventory manager for a firm wants to determine the mean demand for a particular product in stock during the reorder lead time(the lag between from the time the products are ordered to the time the order is received). This information is needed to determine how far in advance of a zero stock level to reorder. Both demand an
Christine Yamaguchi is the manager of the A-to-Z Office Supply Company in Charlotte. The company attempts to gain an advantage over its competitors by providing quality customer service, which includes prompt delivery of orders by truck or van and always being able to meet customer demand from its stock. In order to achieve th
In a Word document, upload your answers to the following questions below. Very importantly - show all your work. If your final answer is wrong, you can still receive partial credit if you show all of your steps and demonstrate a good understanding of the time value of money. 1. In two to three paragraphs, explain why the co
Go to the Internet and locate a journal article that describes an observational study. Explain how it was done using the terminology in Chapter 5 of the Seeing Through Statistics, 3rd Edition textbook and whether you agree with the conclusions drawn by the author(s) of the article. Example: Hello! My son did a science ex
Using this formula.. r=(S/P)^1/n - 1 An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006 (www.money.com). Use the formula above to find the 5 year average annual return. r equals S over P to the power of 1/n minus 1
Read the scenario attached. The data given: Suppose 200 men and 200 women participate in a study and 280 report they prefer plain water. Of the participants preferring a sports drink, 80 were men and 40 were women. Find the various probabilities under a - f (omit g) below. a. What is the probability that a person p
Twin Oaks Health Center has a bond issue outstanding with a coupon rate of 7 percent and four years remaining until maturity. The par value of the bond is $1,000, and the bond pays interest annually. a. Determine the current value of the bond if present market conditions justify a 14 percent required rate of return.
Linear programing modeling . Please help with review questions. 1. A furniture manufacturer produces three products, desks, tables, and chairs. These products can be produced during either the morning shift or the evening shift. The morning shift has a labor cost of $20 per hour with a maximum availability of 20,000 hours. The
Find the optimal level of safety (probability of an accident) from a societal perspective using the data on the costs of safety given in the table below. Assume that an accident imposes costs on a victim equal to $500,000. Probability Safety of Loss Expenditures 0.030 $ 0 0.020 1,000 0.015 2,000 0.012
Motion picture Opening Sales Gross Sales Theaters Weeks in Top 60 Gross Sales CC 29.17 67.25 2574 16 67.25 LIL 0.15 6.65 119 22 6.65 BB 48.75 205.28 3858 18 205.28 U 10.9 24.47 1962 8 24.47 PP 0.06 0.23 24 4 0.23 FP 12.4 42.01 3275 14 42.01 HP 102.69 287.18 3858 13 287.18 MIL 23.11 82.89 3424 16 82.89 WN 24.11 55.85 227
Statistics - Walt Disney. Use statistics (median, mode, mean) to show why they were interested in buying Pixar. Data attached. Solution includes data in excel and excel formulas to get statistics. There is a graph to give a visual to support the response. Data cells can be changed and statistics and graph update automatic
The physician may want to view the following documentation: Administrative Data-entails the patient's confidential personal information such as contact information, insurance, and anything that would validate the patients true identity. As a result of seeing a wide array of patients, physicians, nurses, etc. want to make sure that there are no mix-ups with placing the wrong chart with the wrong patient. History and Physical report-this consists of a collection of information that includes a detailed account of the patients' past and present illnesses. This section would also include diagnoses of current problematic symptoms. Progress Notes-This segment of the hospitalized chart would include new developments in the patients' condition. The physician will monitor the patients' progress after the lab results, and additional tests have been analyzed. Nurse Notes-Monitor of the patients' daily routine, nutrition, and or vital statistics. In this section a nurse may make recommendations for the attending physician (Novak & Davis, 2004). These notes would include a patients' blood panel, and information regarding which cells are active in the patient and which cells are depleting. Lab Results-would include a comparison of white blood count (WBC) to red blood cells (RBC), whether the patients' blood count are normal or abnormal. The lab test would include, PT, PTT, CBC, RBC, (Cultures) Urinalysis, Stool, Hct, et cetera. These results would identify any bacteria, diseases, infections, or any abnormalities in the blood and/or urine. Radiology Reports-CT's, MRI's, and X-Ray's. Each report identifies issues that may arise within the musculoskeletal system. Physicians Orders-abbreviated notes of instruction of what the physician concluded would be the best method of treatment, it would also include medication prescribed and the times of day the patient is required to take medication.
The physician may want to view the following documentation: Administrative Data-entails the patient's confidential personal information such as contact information, insurance, and anything that would validate the patients true identity. As a result of seeing a wide array of patients, physicians, nurses, etc. want to make sur
Introduction The health care professionals of an acute care facility must encompass exclusive comprehensive medical treatment that is otherwise inaccessible from other organizations that may lack the funding necessary to conduct adequate research needed to continuously develop additional treatments to reduce the severity of cardiac arrest and/or cancer complications. The organization that comes to mind is University Medical Center (UMC), this hospital is somewhat of an educational hospital in which case physicians, nurses, and medical administration are actively utilizing today's technological advancements and statistical research to determine which methods will further enhance the organizations objective of applying exceptional health care procedures with satisfactory results. Identify the professional hospital personnel likely to be interacting with cardiac surgery or cancer patients. At UMC, patients who may need developmental treatment and/or follow-up treatment may need a trauma support staff that may sympathize with what the patients are going through. UMC has integrated the following methods of mediation for cancer, and cardiac diseases such as; Alternative Therapy for living with cancer (and other disease) (UMC, 2009); disease control management; and preventative screening procedures.
Introduction The health care professionals of an acute care facility must encompass exclusive comprehensive medical treatment that is otherwise inaccessible from other organizations that may lack the funding necessary to conduct adequate research needed to continuously develop additional treatments to reduce the severity of c
Based on the attached skill matrix, discuss the pros and cons of the three types of consulting firms. Logistics Consulting Firm, Risk Management Consulting Firm and Business Consulting Firm. Discuss the types of problems/issues your company will address in its consulting capacity. This might include a specialty Logistics Con
An analyst has modeled the stock of Crisp Trucking using a two-factor APT model. The risk-free rate is 6%, the expected return on the first factor (r1) is 12%, and the expected return on the second factor (r2) is 8%. If bi1 = 0.7 and bi2 = 0.9, what is Crisp's required return?
The company with the common equity accounts shown here has declared a 12 percent dividend at a time when the market value of its stock is $35 per share. common stock ($1 per value 198,000 capital surplus 1,753,000 Retained earnings 3,500,700 Total owners eq
Worthington Corp has declared an annual dividend of .90 per share. For the year just ended, earnings were 6.50 per share. 1. What is Worthington's payout ratio? 2. Suppose Worthington has 6.3 million shares outstanding. Borrowing for the coming year is planned 16 milliton. What are the planned outlays assuming a reisdu
Suppose that Skipper's insurer views him as having the following distribution for the present value of losses: Loss= $20,000 with probability 0.02 $5,000 with probability 0.04 $1,000 with probability 0.10 $0 with probability 0.84 What is the fair premiums for full coverage if the competitive loading (administrative cos
1-Match correct sequence. Select A,B,C,D, or E 1. Your company is bidding to supply towels to a government agency where the supplier with the lowest bid will win the contract. The cost of the contract is estimated to be $136,000, which the company increases by 15% to provide for profit. You have estimated that the competitor's
A private high school hires a new Superintendent, George Forester. The school is owned by a local Lutheran Church and is run by a board of directors chosen by church members. Supt. Forester shows up for his first day of work, and sends a memo via intercompany mail to all teachers: Dear Staff: There is a new Sheriff in town -
What is the probability that you will receive an "A" grade? Explain the factors you have used in arriving at this probability assessment. Do you believe that all students in your class will arrive at the same probability assessment that you have? Why or why not? Explain what is meant by subjective probability. Research t
1. The excel file closing stock prices provides data for four stocks over a 6 month period. A. Develop a spreadsheet module for forecasting each of the stock prices using simple moving average and simple exponential smoothing. B. Using MAD, MSE, and MAPE as guidance, find the best number of moving average periods and best s
For 2011, Flint Corporation sold 100,000 units of its profit for $20 each. The variable cost per unit was $12, and Flint's margin of safety was 30,000 units. What was the amount of Flint's total fixed costs?
Statistics: Characteristics of central limit theorm and expalination of intervals & estimation of sample sizes
Why do so many of life's events share the same characteristics as the central limit theorem? Why are estimations and confidence intervals important? When might systematic sampling be biased? Explain. What roles do confidence intervals and estimation play in the selection of sample size? The response addresses the queries post
Need help with these two questions:can anyone help me solve these two questions 1.You have been asked to ship a package from Pennsylvania to California. You need to get it there in 2 days, heads will roll if it is late.You call 2 carriers, and ask them what their average transit time is to California. Carrier A says they a
A payoff table is a data analysis tool used tell you what the payoffs will be for different outcomes. An expected payoff table gives us the outcome times the probability that it will occur. Give examples (in the simplest form) of these two tables using real data.
In describing the relationship of affirmative action and descriptive statistics, I said, "Affirmative action is the legal enforcement of policies, descriptive statistics is specific descriptive data derived from research. The relationship of the two, or the association, is descriptive statistics is the groundwork base for the af
Cost Accounting Red River Farm Machine makes a wide variety of products, all of which must be processed in the cutting and Assembly departments. For the year 2010, Red River budgeted total overhead of $993,000, of which $385,500 will be incurred in cutting and the remainder will be incurred in Assembly. Budgeted direct labor
Red River Farm Machine makes a wide variety of products, all of which must be processed in the cutting and Assembly departments. For the year 2010, Red River budgeted total overhead of $993,000, of which $385,500 will be incurred in cutting and the remainder will be incurred in Assembly. Budgeted direct labor and machine hours a
1. What is the main difference between descriptive and inferential statistics. Give a brief example of each. 2. Under what circumstances is the mean the best measure of central tendency? When is the median the best measure? Give some examples of applications to back up your thoughts.