Handi Inc., a maker of cellphones, procures a standard display from LCD Inc. via an options contract. At the start of quarter 1 (Q1) Handi pays LCD $3.5 per option. At that time Handi’s forecast of demand in Q2 is Normally distributed with mean 24000 and standard deviation 6000. At the start of Q2 Handi […]
Idlewood Production Company would like to purchase a production machine for $450,000. The machine is expected to have a life of four years, and a salvage value of $50,000. Annual maintenance costs will total $12,500. Annual savings are predicted to be $175,000. The company’s required rate of return is 12 percent. (12marks) ? Factors: Present […]
Selection Decision Making: You are designing a selection decision making process for your organisation. Your chief executive officer (CEO) has asked for an update on your recommended approach to selection decision making for your organisation’s upcoming graduate selection process. You will attract 500 applicants and will select 50 job candidates. Write an email to the […]
Explain any four types of statistical analysis and their underlying statistical concepts, and describe how each of them has a unique role in the data analysis process. Distinguish a nonprobability from a probability sampling method. Which one is the preferable method and why? Indicate the pros and cons associated with probability and nonprobability sampling methods. […]
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