Questions from General Business Management

Q: Use exponential smoothing with a smoothing constant of 0.3 to

Use exponential smoothing with a smoothing constant of 0.3 to forecast the demand for fertilizer given in Problem 5-17. Assume that last period’s forecast for year 1 is 5,000 bags to...

Q: Solve the following LP problem using the corner point graphical method

Solve the following LP problem using the corner point graphical method. At the optimal solution, calculate the slack for each constraint: Maximize profit = 4X + 4Y subject to 3X + 5Y ≤ 150...

Q: Katherine D’Ann is planning to finance her college education by selling programs

Katherine D’Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable...

Q: Katherine D’Ann, from Problem 1-18, has become concerned

Katherine D’Ann, from Problem 1-18, has become concerned that sales may fall, as the team is on a terrible losing streak and attendance has fallen off. In fact, Katherine believes that she will sell o...

Q: Farris Billiard Supply sells all types of billiard equipment and is considering

Farris Billiard Supply sells all types of billiard equipment and is considering manufacturing its own brand of pool cues. Mysti Farris, the production manager, is currently investigating the productio...

Q: Mysti Farris (see Problem 1-20) is considering raising

Mysti Farris (see Problem 1-20) is considering raising the selling price of each cue to $50 instead of $40. If this is done while the costs remain the same, what would the new break-even point be? Wha...

Q: Mysti Farris (see Problem 1-20) believes that there

Mysti Farris (see Problem 1-20) believes that there is a high probability that 120 pool cues can be sold if the selling price is appropriately set. What selling price would cause the break-even point...

Q: Golden Age Retirement Planners specializes in providing financial advice for people planning

Golden Age Retirement Planners specializes in providing financial advice for people planning for a comfortable retirement. The company offers seminars on the important topic of retirement planning. Fo...

Q: A couple of entrepreneurial business students at State University decided to put

A couple of entrepreneurial business students at State University decided to put their education into practice by developing a tutoring company for business students. While private tutoring was offere...

Q: Using computer software, find the least-squares regression line for

Using computer software, find the least-squares regression line for the data in Problem 4-13. Based on the F test, is there a statistically significant relationship between the first test grade and th...