OPIM 1010 2010 Spring Extra Study Problems

Should the survey be carried out

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ect Associate Editor Authors Editor revise 20% Revise Accept 75% The Editor decides to “reject” or “accept” the paper and only accepted papers are printed in the journal. Associate Editors choose “revise” with only 20% of papers they see and the Editor accepts only 75% of the papers she sees. The average and standard deviation of processing times are given in the table below: Average processing time (in months) Standard deviation of processing time (in months) Associate Editors 2 2 Authors Revise Editor 6 0.2 10 0.4 The journal prints on average 30 papers per year. On average, how many manuscripts are currently being revised by authors? Q32‐Q34 Goldman Sachs (GS) hires candidates with strong analytical skills for its entry level analyst position. This position provides a starting salary of $70,000/year. They estimate that 1 out of 10 candidates is good. A good candidate (“money maker”) generates $700,000 a year, while a not‐so‐good candidate (“money loser”) loses $70,000 in the first year. However, GS does not know wh...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online