1. In the In-Transit Inventory Carrying Cost Model we ascertain an opportunity cost associated with procuring an item but not having the utility of that item while it is in transport. What proxy does the firm use to estimate this? The Firm's 2. Nike has just received a special order of Nike jackets and shoes from a client in China totaling 430 containers worth, each container carrying $1,200,500 worth of goods, and costing $2570 per container to transport. All but nine of the 430 containers are placed on the Maersk ship, Bella Nova (the other nine stay on the dock to await the next ship). On the journey across the sea, the entire ship is lost when rough waters cause it to capsize. Nike's traffic department was lazy and only indicated 430 TEU of jackets and shoes on their bills of lading. What is the amount EXACTLY owed by Maersk to Nike under COGSA? $ 3. Recall the difference between statistics and parameters. Statistics estimate true parameters via sampling, but it takes a census to know true parameters. If we were to query all the US Senators serving in 2019-2020 and found their average income to be $170,000, one would say: X-double bar = $170,000 Mu ( = $170,000 Sigma = $170,000 Alpha Fill in the blank if none of the other options are correct; = .05 = $175,000,000 4. Aaron Rogers manufacturers a product called HS fertilizer and sells it to a buyer, Dr. Emmitt L. Brown, in Europe who uses it to grow lettuce that he feeds into a flux capacitor. Twenty containers were tendered to Maersk in NY/NJ and were destroyed in the port of New Jersey when a lightning bolt hits the gantry crane and the containers dropped and toppled onto Biff Tannen's 1950 Ford as it was parked in the container yard, right next to the Maersk Sea-Land ship (Biff was in the car at the time-go figure). The contract of sale stated an EXW-NY/NJ 2020 INCOTERM. What does Maersk owe under COGSA? 1. In the In-Transit Inventory Carrying Cost Model we ascertain an opportunity cost associated with procuring an item but not having the utility of that item while it is in transport. What proxy does the firm use to estimate this? The Firm's 2. Nike has just received a special order of Nike jackets and shoes from a client in China totaling 430 containers worth, each container carrying $1,200,500 worth of goods, and costing $2570 per container to transport. All but nine of the 430 containers are placed on the Maersk ship, Bella Nova (the other nine stay on the dock to await the next ship). On the journey across the sea, the entire ship is lost when rough waters cause it to capsize. Nike's traffic department was lazy and only indicated 430 TEU of jackets and shoes on their bills of lading. What is the amount EXACTLY owed by Maersk to Nike under COGSA? $ 3. Recall the difference between statistics and parameters. Statistics estimate true parameters via sampling, but it takes a census to know true parameters. If we were to query all the US Senators serving in 2019-2020 and found their average income to be $170,000, one would say: X-double bar = $170,000 Mu ( = $170,000 Sigma = $170,000 Alpha Fill in the blank if none of the other options are correct; = .05 = $175,000,000 4. Aaron Rogers manufacturers a product called HS fertilizer and sells it to a buyer, Dr. Emmitt L. Brown, in Europe who uses it to grow lettuce that he feeds into a flux capacitor. Twenty containers were tendered to Maersk in NY/NJ and were destroyed in the port of New Jersey when a lightning bolt hits the gantry crane and the containers dropped and toppled onto Biff Tannen's 1950 Ford as it was parked in the container yard, right next to the Maersk Sea-Land ship (Biff was in the car at the time-go figure). The contract of sale stated an EXW-NY/NJ 2020 INCOTERM. What does Maersk owe under COGSA
