The correct answer is Jack.
The total cost of 5 slices of pizza and 3 paperback novels is calculated by this formula:
(5 x $3) + (3 x $5)=
$15 + $15 = $30
Since Jack has a budget of $30 and Diane has a budget of $15, only Jack can afford 5 slices of pizza and 3 novels.
Answer:
Since the expected value is higher for not suing ($600,000), then Jay should not sue. The expected value of the best case scenario in case of suing is only $500,000 and in the expected value of the worst case scenario is -$37,500.
Explanation:
he decides to not sue = expected value $600,000
he decides to sue:
50% chance of winning
expected value
- $2,000,000 x 50% x 50% = $500,000
- $500,000 x 50% x 50% = $125,000
50% chance of losing
- expected value = -$75,000 x 50% = -$37,500
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Expected sales volume (units):
Area X 4,000
Area Y 10,000
Area Z 6,000
Unit sales price $25
The total budgeted sales are the result of multiplying the sales in units for the selling price:
Total sales= selling price* number of units
Total sales= (4,000 + 10,000 + 6,000)*25= $500,000
Answer: The risk of stock out = 2.94%
Explanation:
Reorder point is calculated as: Lead time*demand per unit time=45*9=405
While the amount on-hand reaches 422 pounds, the manager was reordering lubricant.
During the lead time, Standard Deviation of Demand =Daily S.D*(Lead time)^0.5=3*(9^0.5)=9
Risk of Stock Out=(422-405)/9 S.D=1.89 S.D
From Normal distribution curve 1.89 S.D=0.0294=2.94%
Therefore, the risk of stock out=2.94%
