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1. Define price sensitivity. Provide relevant examples. 2. What can you say about the price sensitivity of priceline’s customers? 3. What eddect would priceline’s price be likely to have on the reference price cutomers bear in mind for travel and mortgage services? 4. How does the company’s lowest-cost loan guarantee affect a customer’s perception of

What are the distribution channels

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What are the distribution channels performed by People’s Bank?

Explain how the collections and purchases schedules are related to the borrowing needs of the corporation.

What are the symptoms that a manager should look for in determining whether an organization needs to change? Give examples. What are the symptoms that indicate that an organization has been through too much change? Give examples.

In April 2005, researchers at the Center for Disease Control and Prevention and the National Cancer Institute published a study that concluded that people who are over their ideal weight but not obese actually have a lower risk of death than people who are within normal boundaries. They also stated that being underweight actually increases

1. A sample of scores on an examination given in RES 342 are: Men Women 72 81 69 67 98 90 66 78 85 81 76 80 79 76 80 77 At the .01 significance level, is the mean grade of the women higher than that of the men? Set up the 5-step hypothesis testing

Obesity is big business. From weight loss programs to diet aids, from Kirstie Allie to Richard Simmons, millions of dollars are at stake. What do you think about this article? What might the ramifications to the weight loss industry be if being overweight really is not as much of a problem as previously thought. What

As the production manager for an electronic circuit company you have encountered the following situation. Part 1 A process for producing electronic circuits has achieved very high yield levels. An average of only 10 defective parts per million is currently produced. 1.What are the upper and lower control limits for a sample size of 100? 2.Recompute the upper and lower control limits for a sample size of 10,000? 3.Which of these two sample sizes would you recommend? Explain. In part one I am suppose to address the attribute control, the formulae are the UCL and the LCL. The formulas I have are: UCL =pbar + 3Sqrt(pbar(1-pbar)/n LCL = PBAR – 3Sqrt(Pbar(1-pbar)/n I also noted that the pbar gets a certain percentage. I prefer to use the decimal numbers in this calculation. So far I have Pbar is 10 defects per million, the past defect rate. 10/1,000,000=00001 I need to make sure that I carry 7 decimal spaces for the attribute control responses. This was an example from another problem given to me to use as a format, I dont understand it, but this is the way I am suppose to answer my problems. Suppose samples of 200 records are taken from a data entry operations at 2 hr intervals to control the data entry process. The percentage of records in error for past 11 samples is found to be 5, 1.0,1.5,2.0,1.5,1.0,1.5 and 2.0 percent. The average of these sample % yields a p=1.27%, which is the center line of the control chart. Attribute Control Chart (example of a solution I am to follow for part 1 ) (.5 + 1.0 + 1.5 +2.0 +1.5 + 1.0 +1.5 +.5 +1.0 + 1.5 + 2.0)11=1.27%. 1.27% = .0127 decimal, average of all samples. UCL = pbar + 3Sqrt(pbar(1-pbar)/n) UCL = .0127 + 3Sqrt(.0127(.9873)/200 UCL = .0127 + 3Sqrt(.00006269355) UCL = .0127 + 2.3753775943E-2 UCL = .0364 LCL = pbar – 3Sqrt(pbar(1-pbar)/N) LCL= .0127 – 23753775943e-2 CLC = -.0110 I really need some assistance trying to answer part 1 questions. Part 2 (This is base on variable controls) Management has reconsidered the method of quality control and has decided to use process control by variables instead of attributes. For variables control a circuit voltage will be measured based on a sample of only five circuits. The past average voltage for samples of size 5 has been 3.1 volts, and the range has been 1.2 volts. 1.What would the upper and lower control limits be for the resulting control charts (average and range)? 2.Five samples of voltage are taken with the results in the table below. What action should be taken if any? 3.Discuss the pros and cons of using this variables control chart versus the control chart discussed in the first part of the assignment. Which do you prefer? Sample 1 2 3 4 5 x 3.6 3.3 2.6 3.9 3.4 R 2.0 2.6 0.7 2.1 2.3 I also have an example for the variable control that I am trying to use as a guide. It starts with midwest that control bolts produced by its automatic screw machine. each machine produces 100 bolts and control by separate control charts. Every hour a random sample of six bolts is selected and the diameter of each sample bolt is measured. From each six diameters, an average and range are computed. One sample produced the following six measurements .536, .507, .530, .525, .530, and .520. The average of these measurements is x=.525 and the range is R =.029. All samples have average x=.513 and the grand average range is R =.020. Average Chart Formulas UCL = xdoublebar + A2Rbar LCL = xdoublebar – A2Rbar Range Chart Formulas UCL = D4Rbar LCL = D3Rbar Variable control Range Chart 2.004 is D4 for a sample size of 6. 0.000 is D3 FOR A SAMPLE SIZE OF 6. .020 is grand average Range. UCL = D4Rbar UCL = 2.004(.020) =.040 LCL = D3Rbar LCL = 0(.020)=0 Varible Control Average Chart .513 is grand average of all past samples. .438 is A2 for a sample size of 6. .020 is grand average Range UCL =xdoublebar + A2Rbar LCL = xdoublebar – A2Rbar LCL = .513 – .483(.020) = .503 This is the format I am suppose to use to part 2, I really need help with this. I also need an conclusion are recommendation suggestion.

Saturday, 14 February 2015 by

As the production manager for an electronic circuit company you have encountered the following situation. Part 1 A process for producing electronic circuits has achieved very high yield levels. An average of only 10 defective parts per million is currently produced. 1.What are the upper and lower control limits for a sample size of 100?

Is change more easily accomplished if it is data based? If so why?

Is regulatory-mandated change easier or

Saturday, 14 February 2015 by

Is regulatory-mandated change easier or more difficult to implement?

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