My candy bar company made 100 million bars last year, sold for $1 each. I also paid 100 people last year, with an average salary of $100K last year. I have overhead cost of $10M. What is my labor productivity (no units, rounded to 2 decimal places)?My candy bar company made 100 million bars last year, sold for $1 each. I also paid 100 people last year, with an average salary of $100K last year. I have overhead cost of $10M. What was my TOTAL productivity (no units, rounded to 2 decimal places)?My snow shovel company forecasts demand that shows strong seasonanilty by quarter. The linear trend can be estimated by the equation y(t) = 1000 + 1000t. My forecasts start with t = 0, which corresponds with Q1 of 2021 (Jan - Mar). t = 1 corresponds to Q2 of 2021 (Apr - Jun) and so on. The seasonal relatives for Q1 = 1.5, Q2 = 0.5, Q3 = 1, Q4 = 2. What is the seasonalized forecast for Q2 of 2022. I have a process that produces ice cream tubs. I need the the ice cream tubs have volume between 19 oz and 25 oz. I do some measurements, and the mean of my actual ice cream filling process is 22 oz. I also find out that my standard deviation of ice cream filling is 2oz. What is my process capability index? I have a 5% probability of getting each job that I apply to. If I apply to 2 jobs, what is the probability that I get at least 1 job? (Round to the nearest percentage -- e.g. 53.7% becomes 54%)

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Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter8: Costs And The Supply Of Goods

Section: Chapter Questions

Problem 19CQ

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My candy bar company made 100 million bars last year, sold for $1 each. I also paid 100 people last year, with an average salary of $100K last year. I have overhead cost of $10M. What is my labor productivity (no units, rounded to 2 decimal places)?
My candy bar company made 100 million bars last year, sold for $1 each. I also paid 100 people last year, with an average salary of $100K last year. I have overhead cost of $10M. What was my TOTAL productivity (no units, rounded to 2 decimal places)?
My snow shovel company forecasts demand that shows strong seasonanilty by quarter. The linear trend can be estimated by the equation y(t) = 1000 + 1000t. My forecasts start with t = 0, which corresponds with Q1 of 2021 (Jan - Mar). t = 1 corresponds to Q2 of 2021 (Apr - Jun) and so on. The seasonal relatives for Q1 = 1.5, Q2 = 0.5, Q3 = 1, Q4 = 2. What is the seasonalized forecast for Q2 of 2022.
I have a process that produces ice cream tubs. I need the the ice cream tubs have volume between 19 oz and 25 oz. I do some measurements, and the mean of my actual ice cream filling process is 22 oz. I also find out that my standard deviation of ice cream filling is 2oz. What is my process capability index?
I have a 5% probability of getting each job that I apply to. If I apply to 2 jobs, what is the probability that I get at least 1 job? (Round to the nearest percentage -- e.g. 53.7% becomes 54%)

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