The weight of items produced by a machine is normally distributed with a mean of 8 ounces and a standard deviation of 2 ounces. What is the probability that a randomly selected item will weigh more than 10 ounces?
a. 0.3413
b. 0.8413
c. 0.1587
d. 0.5000
C
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Calculate a company's market share if the company's relative market share is 60 and the market shares of its three largest competitors are 14%, 8%, and 16%
A) 40.6% B) 20% C) 46% D) 22.8% E) 60%
Which of the following is NOT conducive to database marketing?
A) Rushbury Theater relies on the generosity of donors to keep functioning. B) Kenilworthy retails luxury handbags and leather accessories to a select clientele. C) 2Wheels sells its most profitable products to repeat customers. D) Uncle Jim's sells its range of snacks in stores throughout the country. E) PetZone offers obedience classes, a doggie daycare, and other services for pets in the Manhattan area.
Analysts deciding between investments must consider the comparative risks. Which of the following is/are not economy-wide factors that affect the risk of business firms?
a. increased inflation b. increased interest rates c. unemployment d. recessions e. increased competition
Michael's Hats, Inc has two product lines—batting helmets and football helmets
The income statement data for the most recent year is as follows: Total Batting Helmets Football Helmets Sales revenue $900,000 $500,000 $400,000 Variable costs (480,000 ) (200,000 ) (280,000 ) Contribution margin $420,000 $300,000 $120,000 Fixed costs (230,000 ) (80,000 ) (150,000 ) Operating income (loss) $190,000 $220,000 $(30,000 ) If $90,000 of fixed costs will be eliminated by dropping the football helmets line, how will dropping football helmets affect operating income of the company? A) Operating income will increase by $90,000. B) Operating income will increase by $120,000. C) Operating income will decrease by $150,000. D) Operating income will decrease by $30,000.