Only 0.02% of credit card holders of a company report the loss or theft of their credit cards each month. The company has 15,000 credit cards in the city of Memphis. Use the Poisson probability tables to answer the following questions. What is the probability that during the next month in the city of Memphis
a.no one reports the loss or theft of his or her credit cards?b.every credit card is lost or stolen?c.six people report the loss or theft of their cards?d.at least nine people report the loss or theft of their cards?e.Determine the expected number of reported lost or stolen credit cards.f.Determine the standard deviation for the number of reported lost or stolen cards.
What will be an ideal response?
| a. | 0.0498 |
| b. | 0.0000 |
| c. | 0.0504 |
| d. | 0.0038 |
| e. | 3 |
| f. | 1.73 |
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Co-branding works the best when:
A) the two brands are unrelated B) a well-known brand is attached to a lesser-known brand C) a private label is co-branded with a manufacturer's brand D) it builds the brand equity of both brands
______ is the process of instituting ongoing small, incremental improvements in all parts of an organization.
A. MBO B. Reengineering C. Radical innovation D. Continuous improvement E. Productivity
The marketing research report serves as a historical record of the project
Indicate whether the statement is true or false
Pestiferous Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 48,000 fl. oz. of chemicals were started in production. Of these, 40,000 fl. oz. were completed, and 8000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process.
At the end of January, the equivalent unit data for the Mixing Department were as follows:
In addition to the above, the cost per equivalent unit were $1.35 for direct materials and $5.30 for conversion costs. Using this data, calculate the full cost of the ending WIP balance in the Mixing Department. The weighted-average method is used.
A) $43,520
B) $10,800
C) $29,456
D) $64,800