General Questions : Probabilistic techniques

Subject: General Questions    / General General Questions
Question

Question 1

2 out of 2 points

Probabilistic techniques assume that no uncertainty exists in model parameters.

Question 2

2 out of 2 points

In general, an increase in price increases the break even point if all costs are held constant.

Question 3

2 out of 2 points

If variable costs increase, but price and fixed costs are held constant, the break even point will decrease.

Question 4

2 out of 2 points

Fixed cost is the difference between total cost and total variable cost.

Question 5

0 out of 2 points

The events in an experiment are mutually exclusive if only one can occur at a time.

Question 6

2 out of 2 points

A continuous random variable may assume only integer values within a given interval.

Question 7

2 out of 2 points

P(A | B) is the probability of event A, if we already know that event B has occurred.

Question 8

2 out of 2 points

A bed and breakfast breaks even every month if they book 30 rooms over the course of a month. Their fixed cost is $4200 per month and the revenue they receive from each booked room is $180. What their variable cost per occupied room?

Question 9

2 out of 2 points

EKA manufacturing company produces Part # 2206 for the aerospace industry. Each unit of part # 2206 is sold for $15. The unit production cost of part # 2206 is $3. The fixed monthly cost of operating the production facility is $3000. How many units of part # 2206 have to be sold in a month to break-even?

Question 10

2 out of 2 points

If the price increases but fixed and variable costs do not change, the break even point

Question 11

2 out of 2 points

The indicator that results in total revenues being equal to total cost is called the

Question 12

2 out of 2 points

The expected value of the standard normal distribution is equal to

Question 13

2 out of 2 points

In a binomial distribution, for each of n trials, the event

Question 14

2 out of 2 points

The area under the normal curve represents probability, and the total area under the curve sums to

Question 15

2 out of 2 points

Administrators at a university are planning to offer a summer seminar. The costs of reserving a room, hiring an instructor, and bringing in the equipment amount to $3000.

Suppose that it costs $25 per student for the administrators to provide the course materials. If we know that 20 people will attend, what price should be charged per person to break even? Note: please report the result as a whole number, rounding if necessary and omitting the decimal point.

Question 16

2 out of 2 points

A production run of toothpaste requires a fixed cost of $100,000. The variable cost per unit is $3.00. If 50,000 units of toothpaste will be sold during the next month, what sale price must be chosen in order to break even at the end of the month? Note: please report the result as a whole number, rounding if necessary and omitting the decimal point.

Question 17

2 out of 2 points

A production process requires a fixed cost of $50,000. The variable cost per unit is $25 and the revenue per unit is projected to be $45. Find the break-even point.

Question 18

2 out of 2 points

The variance of the standard normal distribution is equal to __________.

Question 19

2 out of 2 points

Employees of a local company are classified according to gender and job type. The following table summarizes the number of people in each job category.

If an employee is selected at random, what is the probability that the employee is female or works as a member of the administration?

Question 20

0 out of 2 points

Wei is considering pursuing an MS in Information Systems degree. She has applied to two different universities. The acceptance rate for applicants with similar qualifications is 20% for University X and 45% for University Y. What is the probability that Wei will be accepted by at least one of the two universities? {Express your answer as a percent. Round (if necessary) to the nearest whole percent and omit the decimal. For instance, 20.1% would be written as 20}

AMBA640 wek 10 EOCP Assignment 2017
Subject: General Questions    / General General Questions
Question
EOCP Assignment Instructions

Basic Instructions:

Working individually, students will demonstrate additional competency in project, operations, and information systems management by preparing a succinct report that integrates project, operations, and information systems management to meet a managerial challenge at their organization and significantly improve its performance.

Your report will include at least the following topics

An executive summary

Description of the managerial challenge

Application of project management to the challenge

Application of operations management to the challenge

Application of information systems management to the challenge

Assignment of the project team

Training needed

Work breakdown including critical path

A planning budget

The report will be submitted in pdf format except for the budget, which will be in xlsx format, and the work breakdown including critical path, which will be prepared with a project management software such as MS-Project in its particular format (mpp for MS-Project).

Critical thinking, managerial decision making, information literacy, problem-solving, systems thinking, and technology fluency are needed.

Additional Instructions:

What is a succinct report? Could it not be 10 pages plus a cover page and references or less? One reads that IBM decision papers are limited to that length, and we all recall the single-sheet Ringo Sho approach to important decisions at Toyota.

Project management always refers to the Triple Constraint and involves a project team, plus a Gantt chart with critical path.

Operations management refers here to the daily processes at your organization; you should show how they will be improved after the project is completed.

Information systems management refers to the support provided by IS and included IT both during the project and also afterwards; you should describe it.

Required Format:

Except as provided above, you should again use APA format.

Required Readings:

Meredith, J.R., & Mantel, S.J., Jr. (n.d.). Technological forecasting.http://wiley.com/college/dec/meredith298298/resources/addtopics/addtopic_s_02a.html. Scan Includes forecasting methods

Multimedia:

Christensen, C.M. (2012). Tech futures – Christensen on solar energy. Cambridge: Harvard Business School Publishing. To be found in Content/Week 10 Makes a “shocking” prediction

Additional Readings:

Find them in Content/Week 10/Optional Resources.

These include optional articles of value to those electing to do the Enrichment Opportunity.

Assignment Weighting:

15% of the course grade