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- Question 2 Mr. Ferdinand is a well known entrepreneur who sells fresh organic beef to persons in the local community. Customers love the quality of meet that Mr. Ferdinand sells so they tend to recommend his product to other persons. Recently, Mr. Ferdinand has been rumning out of beef to sell to his customers. One customer suggests to him that he must use past sales records to forecast demand for his beef so that he can meet his customers demand. Using a numerical example, demonstrate to Mr. Ferdinand how he can use a three- week and a four-week weighted moving average to forecast demand for his beef. I. II. Show how Mr. Ferdinand can test the accuracy of his forecast. III. Explain to Mr. Ferdinand two ways in which he can benefit from doing forecast for his beef. 日正P FRag question The public policy represents government intervention to correct public problems Select one: O True O FalseQuestion 2 Mr. Ferdinand is a well known entrepreneur who sells fresh organic beef to persons in the local community. Customers love the quality of meet that Mr. Ferdinand sells so they tend to recommend his product to other persons. Recently, Mr. Ferdinand has been running out of beef to sell to his customers. One customer suggests to him that he must use past sales records to forecast demand for his beef so that he can meet his customers demand. I Using a numerical example, demonstrate to Mr. Ferdinand how he can use a three- week and a four-week weighted moving average to forecast demand for his beef. II. Show how Mr. Ferdinand can test the accuracy of his forecast. II. Explain to Mr. Ferdinand two ways in which he can benefit from doing forecast for his beef.
- Question 8 Central Perk orders their organic coffee filters from a South American supplier that mails them as inexpensively (hence, as slowly) as possible. Central Perk uses 80 filters a day with a standard deviation of 5 filters per day. It would be disastrous if they ran out of these filters, years ago customers caught them using paper towels from the men's room and business suffered. They have set their service level at 99% in hopes of avoiding a similar situation. It takes 14 days to receive a shipment and the standard deviation of the shipping time is two days. What is their reorder point? A) 1120 filters B) 1496 filters C) 1515 filters D) 1450 filtersCompanies that invest in their people will create long-lasting competitive advantages that are difficult for other companies to duplicate Question 12 options: True FalseQuestion 31 Need Recognition is at the beginning of the Consumer Decision Making Process. O True O False
- Question 40 A company buys medium grade carpet in 100-foot rolls. The average number of defects per roll is 1.8. Assuming that these data follow a Poisson distribution, what is the probability of finding exactly seven defects in a carpet roll chosen at random? 0.001 O 0.002 O 0.003 O 0.004Enabled: Test II Saved Help Save & Exit 39 A company that handles hazardous waste wants to minimize the shipping cost for shipments to a disposal center from five receiving stations it operates. Given the locations of the receiving stations and the volumes to be shipped daily, determine the location of the disposal center. (Round X and Y to 2 decimal places.) Location of Processing Station, (x, y) 9,5 4,10 7,7 2,8 ces 4,7 Volume, Tons per Day 28 9 20 25 30 Click here for the Excel Data File ere to search 6 75°F Partly cloudy 8 9 R T Y G H K CVBNM O alt P ctri pauseQuestion Completion Status: QUESTION 7 Which of the following is TRUE with respect to decision table? A way to get an accurate picture of the system A way of representing the information flow A way of representing multiple condition A way of gathering information QUESTION 8 IMG_13
- Question 1 Collection of methods for planning experiments, obtaining data, and then organizing, summarizing, presenting, analyzing, interpreting, and drawing conclusions is known as Question 1 options: Statistics Graphical representation Probability Data InterpretationThis is Multiple choice question, Pls select correct oneQuestion 8 ______________________ connect to control systems, and processes need to be consistent with the strategic objectives of the organization. Incentives Control systems Processes Organizational culture.