Your costs had been forecast as having an average of $138,000 with a standard deviation of $35,000.

Question:

Your costs had been forecast as having an average of $138,000 with a standard deviation of $35,000. You have just learned that your suppliers are raising prices by 4% across the board. Now what are the average and standard deviation of your costs?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Practical Business Statistics

ISBN: 9780128042502

7th Edition

Authors: Andrew Siegel

See More Books

Question Posted: Apr 18, 2019 06:58 AM

See More Questions

For the previous problem, compare the coefficient of variation before and after the price increase. Why does it change (or not change) in this way?. Previous Problem Your costs had been forecast as...
Mark Lawrencethe man with two first nameshas been pursuing a vision for more than two years. This pursuit began when he became frustrated in his role as director of human resources at Cutting Edge, a...
a. Mark first asks you to forecast daily demand for the next week using the data from the past 13 weeks. You should make the forecasts for all the days of the next week now (at the end of week 5),...
Find r(t) and v(t) given a(t) and the initial velocity and position. a(t) = (t, 4), v(0) = (3,-2), r(0) = (0,0)
Strip Mining Inc. can develop a new mine at an initial cost of $5 million. The mine will provide a cash flow of $30 million in 1 year. The land then must be reclaimed at a cost of $28 million in the...
What does it mean when we say the Toronto Stock Exchange is both an auction market and a dealer market? How are auction markets different from dealer markets? What kind of market is the Nasdaq?
Subject preferences between genders. Refer to the study of the effect of family background on educational outcomes between genders published in the Chinese Journal of Sociology (Vol. 6, 2020),...
Block B, with mass 5.00 kg, rests on block A, with mass 8.00 kg, which in turn is on a horizontal tabletop (Fig. 5.72). There is no friction between block A and the tabletop, but the coefficient of...
Suppose a state lottery prize of $6 million is to be paid in 5 payments of $1,200,000 each at the end of each of the next 5 years. If money is worth 10%, compounded annually, what is the present...
2 An effective integrated communications and promotion program should begin with: 01. 02. 03. 04. Gathering feedback. Discovering the target audience. Choosing appropriate media for message...
Consider the average price of a hotel room in 21 U.S. cities (Table 5.5.8) for the first half of 2015. a. Find the average price of a major-city hotel room in the United States, based on this data...
You are sales manager for a regional division of a beverage company. The sales goals for your representatives have an average of $768,000 with a standard deviation of $240,000. You have been...
In Exercises evaluate the limit, using LHpitals Rule if necessary. x3 lim x ex/2 X-
For the data in Problem 42, how would you predict demand for medical kits using (a) moving averages and (b) exponential smoothing (with alpha values equal to 0.5 and greater) for the 21st week? Data...
For a light ray that crosses the interface between medium 1 having index of refraction $n_{1}$ and medium 2 having index of refraction $n_{2}$, what relationship between $\theta_{1}$ and...
The atmosphere of the planet Venus is almost entirely composed of carbon dioxide (about 96.5 % carbon dioxide). The carbon dioxide on Venus might be in equilibrium with carbonate ions in minerals on...
Seniority quantum numbers typically measure how many fermions are in some sense "not paired" with another fermion. For the quasispin model of Problem 31.3 , define the Racah seniority $v$ through...
(a) Place a perfectly conducting sphere with radius a in a uniform electric field E 0 and let an origin centered electric dipole field represent the field produced by the sphere. Use this information...
For the following exercises, find z 1 /z 2 in polar form. z 1 = 2 cis(90); z 2 = 2cis(60)
a) Show that (a, b) := {{a}, {b}} does not satisfy the ordered pair axiom. b) Determine whether each of the following statements is true or false. (Give a reason in each case): (i) {a, b} C (a, b)....
You have chosen a sample of 25 supermarkets out of the 684 you have responsibility for. These 25 have been inspected, and the number of violations of company policy has been recorded. For each of the...
Show that this database is arranged in the form of a frame. In particular, how would you use it to gain access to population information for a particular employee?
Draw a random sample without replacement of 10 employees, using the table of random digits, starting in row 23, column 7. a.* List the employee numbers for your sample. b. Find the average salary for...
The cost of partially completed goods at the end of the period would be Ending work in process inventory Cost of goods sold Beginning finished goods inventory Beginning work in process inventory
At a 3% (EAR) rate of interest, you will quadruple (increase four folds) your money in approximately ____ years.
Smile Company makes baked goods. The budgeted sales are $620,000, budgeted variable costs are $260,400, and budgeted fixed costs are $237,800. What is the budgeted operating income?

Your costs had been forecast as having an average of $138,000 with a standard deviation of $35,000.

Question:

Step by Step Answer:

The average is no...View the full answer

Practical Business Statistics

Students also viewed these Mathematics questions