Which of the following questions should potential investors answer before investing?
A) Is this a good price for the stock?
B) Is this firm in a position that will allow profitability in the future?
C) Are this firm's strengths and weaknesses likely to get better or worse?
D) Are this firm's threats and opportunities likely to get better or worse?
E) All of the above
Answer: E
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Define the decision variables and objective function for this problem
Andy Tyre manages Tyre's Wheels, Inc. Andy has received an order for 1000 standard wheels and 1200 deluxe wheels for next month, and for 750 standard wheels and 1000 deluxe wheels the following months. He must fill all the orders. The cost of regular time production for standard wheels is $25 and for deluxe wheels, $40. Overtime production costs 50% more. For each of the next two months there are 1000 hours of regular time production and 500 hours of overtime production available. A standard wheel requires .5 hour of production time and a deluxe wheel, .6 hour. The cost of carrying a wheel from one month to the next is $2.
Arrivals at a fast-food restaurant follow a Poisson distribution with a mean arrival rate of 16 customers per hour. What is the probability that in the next hour there will be exactly 8 arrivals?
A) 1.000 B) 0.200 C) 0.175 D) 0.825 E) None of the above