According to the Empirical Rule, if the data form a bell shaped normal distribution approximately ____________________ percent of the observations will be contained within 1 standard deviation around the mean
Fill in the blank(s) with correct word
68
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A ________ is a seven point rating scale with endpoints associated with bi-polar labels that have semantic meaning
A) semantic differential scale B) Likert scale C) continuous rating scale D) Stapel scale
Which of the following are easy to trace to individual jobs?
A) direct materials and overhead B) direct materials and direct labor C) direct labor and overhead D) overhead and indirect labor E) depreciation on machinery and indirect labor
Which of the following is a limitation of the ERP systems?
a. reduction in operating and administrative costs b. creation of functional boundaries causing problems of accountability and confusion about the lines of responsibility c. reduction in production and delivery lead times d. provision of a real-time, enterprise-wide view of the business for faster and more effective decision-making
A company has improved its anti-virus program and has released a new version. Assume there is a 0.6 probability that the users of this anti-virus will upgrade the version in any particular year
That is, the upgrade year of the user is a geometric random variable. The revenue generated from the upgrade (when it occurs) follows a normal distribution with a mean of $80,000 and a standard deviation of $22,000. a. Complete a simulation model that analyzes the net present value of the revenue from the user upgrade. Use an annual discount rate of 8 percent. b. What is the average net present value earned by the company? c. What is the standard deviation of net present value?