Question : What is the formula for the break-even point of...

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1. Question : What is the formula for the break-even point of a simple profit model? Student Answer: Fixed Cost / Variable Cost Per Unit Selling Price Per Unit - (Fixed Cost / Variable Cost Per Unit) Fixed Cost / (Variable Cost Per Unit - Selling Price Per Unit) (Selling Price Per Unit -Variable Cost Per Unit) / Fixed Cost Fixed Cost / (Selling Price Per Unit -Variable Cost Per Unit)
Question 2. Question : Historical data indicates that only 20% of cable customers are willing to switch companies. If a binomial process is assumed, then in a sample of 20 cable customers, what is the probability that exactly 2 customers would be willing to switch their cable?
Question 3. Question : Below is an opportunity loss table. What decision should be made based on the minimax regret criterion?
Alternative 3 State of Nature A Does not matter Question 4. Question : Enrollment in a particular class for the last four semesters has been 122, 128, 100, and 155 (listed from oldest to most recent). The best forecast of enrollment next semester, based on a three- semester moving average, would be
Question 5. Question : The "point at which to reorder" depends directly on which of the following? Student Answer: ordering cost lead-time storage costs EOQ unit purchasing cost
Question 6. Question : Which of the following is not a property of all linear programming problems?
The presence of restrictions Optimization of some objective Usage of only linear equations and inequalities Alternate courses of action to choose from Question 7. Question : Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 14, and 18 days respectively, compute the PERT expected activity time for this activity.
Question 8. Question : A vendor selling newspapers on a street corner is an example of a:
Question 9. Question : R-charts measure changes in: Student Answer: number of defects per production lot.
natural variations. central tendency. degree of variation. none of the above uestion 10. Question : Refer to the Table below. Bags of chocolate candy are sampled to ensure proper weight. The overall average for the samples is 36 ounces. Each sample contains twelve bags. The average range is 1.3 ounces. The upper control chart limit for the sample averages would be:

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