Multiple Problems

For Help with Multiple Homework Problems, Ask an Expert

Multiple Problems

# Meena Company has been producing computer chips with an

Customer Question
average life of 290 hours...
Meena Company has been producing computer chips with an average life of 290 hours and a standard deviation () of 24 hours. The customer specifications are 300 + or – 100 hours for the upper and lower specification limits respectively.
a) Meena has the opportunity to obtain a large order from XYZ Computers if it can produce the computer chips with specification limits of 300 + or – 100 hours. If the minimum acceptable process capability is 1.33 (a 4-sigma process), can Meena meet the customer’s specification requirements at this time? If it cannot, explain if it is due to a drifting of the mean or too much variability. Explain.
Now suppose that Meena has introduced some changes in its operations. The customer has also agreed to use Meena if Meena can provide a process capability of 1.33 or greater. After the first 20 days of production under the new process, it finds that the average life is 295 hours but it has not determined the standard deviation. What is the maximum acceptable value of the standard deviation (σ) for Meena to be selected? The customer’s spec limits are still 300 + or – 100 hours.
Suppose that Meena is producing computer chips with a σ = 24 hours and it cannot improve on this. Using the process capability index, what are the upper and lower limits for the mean of the process so that Meena can meet the customer requirements at a process capability of 4-sigma limits? Interpret your results.
A hardware store orders snow blowers during the summer for delivery in the fall. Each snow blower costs the store \$400 and if sold prior to or during the winter sells for a full price of \$550. The store’s manager doesn’t want to carry any unsold snow blowers in inventory from one year to the next, so he reduces the price to \$350 in the spring in order to get rid of any leftovers. He will be able to sell all of these at this price. Based on past experience, the store’s manager expects that the demand for snow blowers at full price will be between 6 and 8. The store manager estimates the probabilities of selling different numbers of snow blowers at full price to be the following: probability of 6 is 0.40, the probability of 7 is 0.35 and the probability of 8 is 0.25.
Draw the decision tree that the hardware store manager can use to analyze this problem.
Using an expected value approach, how many snow blowers should the hardware store manager order to maximize its profit?
Suppose the hardware store manager wants an expected profit of \$1200.00 if he buys 8 snow blowers.
Assuming everything else remains the same, what should the full price for the snow blowers be for the expected profit to be \$1200.00? The full price is the price prior to or during the winter season. Assume that the probabilities, etc. do not change with this price change
The Security National Bank is considering two locations for a new branch. The two choices are a major mall and a strip mall. The site selection team is evaluating two sites, and they have scored the critical success factors for each as shown below. They have identified both the relocation cost and the monthly projected profit. The weights reflect the same relative importance as we have used in class. They want to use these ratings to compare the locations.
Critical Success Factor Factor Weight Major Mall Site Strip mall Site
Relocation cost 0.30 \$190,000 \$270,000
Monthly profit 0.30 \$50,000 \$75,000
Customer service 0.20 2.4 2.1
Service quality 0.10 1.8 2.4
Security and safety 0.05 2.4 1.8
Market share 0.05 1.8 2.1
The non-economic scores are on a 0 to 3.0 basis with 3.0 being best and it is possible to achieve the 3.0 score.
Using the factor scoring (rating) method as we learned in class, which site should Security National Bank use based on the above information?
Joe Austin is opening a laundry and dry cleaning store in northern Wisconsin. He is going to operate the store 250 days per year. Joe is considering a couple of options for the machine that he will use to press the shirts. One press (Press A) will cost \$12,100 and with this press he estimates that it will cost \$0.323 to press a shirt. The second press (Press B) he is considering will cost \$15,400 to purchase and it will cost \$0.244 to press a shirt. Regardless of the press he purchases, he will charge a customer \$1.10 per shirt. Joe will continue to operate 250 days per year. For the following analyses, Joe will ignore taxes and depreciation. He wants to recover the cost of the press he buys during the first year.
Joe assumes that the demand will be slow starting during the initial start-up that will last only a couple of months. Over what range of shirts per year would each of the presses be preferred over the other press? Show your work.
Considering only Press B, Joe now wonders how many shirts per year he would need to press if he wants to recover the cost of Press B during the first year and he
Submitted: 2 years ago.Category: Multiple Problems
Show More
Show Less
10/11/2015
Business Tutor: F. Naz, B.Com replied 2 years ago
F. Naz, B.Com
Category: Multiple Problems
Satisfied Customers: 5,381
Experience: have completed B.Com and CA Finalist
Verified

What is your deadline, does the assignment include only calculation or it also includes some written work, please confirm, thanks.

Customer reply replied 2 years ago
Hours ago :-(. Yes, I do need to show my work.
Business Tutor: F. Naz, B.Com replied 2 years ago

I have sent the offer please accept it so the answer may be provided in next 8 to 16 hours, thanks.

Customer reply replied 2 years ago
I need to pay \$150?
Business Tutor: F. Naz, B.Com replied 2 years ago

Yes in total.

F. Naz, B.Com
Category: Multiple Problems
Satisfied Customers: 5,381
5,381 Satisfied Customers
Experience: have completed B.Com and CA Finalist

F. Naz is online now

A new question is answered every 9 seconds

• Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
• Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

## What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

## Meet the Experts:

linda_us

Master's Degree

1,402 satisfied customers

A tutor for Business, Finance, Accounts and other related topics.

F. Naz

B.Com

5,381 satisfied customers

have completed B.Com and CA Finalist

Manal Elkhoshkhany

Bachelor's Degree

912 satisfied customers

Completed by BA degree in 1988 and graduated with a GPA of 4.0

Mr. Gregory White

Master's Degree

874 satisfied customers

M.A., M.S. Education / Educational Administration

Bizhelp

CPA

539 satisfied customers

BA degree and Certified Public Accountant

MyVirtualCPA

Master's Degree

155 satisfied customers

Dimitry K., Esq.

Doctoral Degree

39 satisfied customers

< Previous | Next >

Related Multiple Problems Questions
I need help with 75 questions. I want to compare my answers
I want to compare my answers to a tax professional … read more
Manal Elkhoshkhany
Bachelor's Degree
912 satisfied customers
How much do you charger per question I have 50 questions,
How much do you charger per question I have 50 questions … read more
Steven, M.Acc.
Instructor
Master\u0027s Degree
252 satisfied customers
How i pay you. About that Questions
how i pay you JA: When we are ready I'll take you to the appropriate web page. Customer: ok JA: The Tutor can help you get an A on your homework or ace your next test. Tell us more about what you need… read more
F. Naz
B.Com
5,381 satisfied customers
I have a sauce Hobby it is trying to turn into a business I
I have a sauce Hobby it is trying to turn into a business I make a gourmet line of sauces hot sauces and such and I would like to know what I need to do to make my business official and successful in … read more
F. Naz
B.Com
5,381 satisfied customers
I have an assignment for Project Management that I need help
I have an assignment for Project Management that I need help with in order to make sure I understand the lesson. I will upload the chart with the project totals, but the questions it asks are below: 1… read more
F. Naz
B.Com
5,381 satisfied customers
For writer F. Naz. This assignment is due no later then
For writer F. Naz. This assignment is due no later then Monday 1/1/18. I have attached the assignment page and the rubric below. Please follow directions and show calculations for all problems and if … read more
F. Naz
B.Com
5,381 satisfied customers
Scenario: Person 1 - Owns (Owner) a property (Property)
Scenario: Person 1 - Owns (Owner) a property (Property) which is going to be a rental. Person 2 - Enters a lease-to-buy contract (Buyer) for the property held by the Owner. Buyer will not be living in… read more
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Need help with Project Manager course work. Specifically,
Need help with Project Manager course work. Specifically, WBS, parametric estimates and PERT charts.… read more
F. Naz
B.Com
5,381 satisfied customers
I have some several questions i could use some help with.
I have some several questions i could use some help with. … read more
F. Naz
B.Com
5,381 satisfied customers
This is your second interview with a prestigious brokerage
This is your second interview with a prestigious brokerage firm for a job as an equity analyst. You survived the morning interviews with the department manager and the vice president of equity. Everyt… read more
F. Naz
B.Com
5,381 satisfied customers
I need help on a finance assignment that is timed and online
I need help on a finance assignment that is timed and online - so would need phone assistance on it… read more
Barbara
Enrolled Agent, Paralegal
3,808 satisfied customers
How does this work? I have a final exam. 3 essay questions 2
3 essay questions 2 short annswer and 10 multiple choice need in 3 hours… read more
David L.
Bachelor\u0027s Degree
6 satisfied customers
Which of the following is not a characteristic of a tax? a.
Which of the following is not a characteristic of a tax? a. The payment to the governmental authority is required by law. b. The payment relates to the receipt of a specific benefit. c. The payment is… read more
Manal Elkhoshkhany
Bachelor's Degree
912 satisfied customers
A department store chain is planning to open a new store.
A department store chain is planning to open a new store. They need to decide how to allocate the 100,000 square feet of available floor space among seven departments. Data on expected performance of … read more
Stephen, MBA
Master's Degree
166 satisfied customers
Suppose that \$ 2000 is loaned at a rate of 12 %, compounded
Suppose that \$ 2000is loaned at a rate of 12 %, compounded quarterly. Assuming that no payments are made, find the amount owed after 4years.Do not round any intermediate computations, and round your a… read more
F. Naz
B.Com
5,381 satisfied customers
Stocks are evidence of __________ bonds are evidence of
Stocks are evidence of __________ bonds are evidence of _________. Select one: a. debt, ownership b. ownership, ownership c. debt, debt d. ownership, debt … read more
Manal Elkhoshkhany
Bachelor's Degree
912 satisfied customers
This assignment is due no later then wednesday 12/13 at 6pm.
This assignment is due no later then wednesday 12/13 at 6pm. This assignment is for a healthcare finance class. I have attached the questions and assignment page below. Please read the directions care… read more
F. Naz
B.Com
5,381 satisfied customers
I need a solution for this problem GeneralProducts Inc. is
i need a solution for this problem GeneralProducts Inc. is incorporated in Nevada, USA on Jan… GeneralProducts Inc. is incorporated in Nevada, USA on Jan 1st 2013 to take over a local retail chain. Th… read more
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less