Submitted By rk2013

Words 354

Pages 2

Words 354

Pages 2

In response to BMWs success, Mercedes has been trying to change their image by launching several products in an effort to attract younger buyers who are interested in sporty, performance-oriented cars. BMW, influenced by Mercedes, is pushing for more refinement and comfort. In fact, one automotive expert says that Mercedes wants to become BMW, and vice versa. However, according to one recent automotive expert, the focus is still on luxury and comfort for Mercedes while BMW focuses on performance and driving dynamics. Even though each company produces many different models, two relatively comparable coupe automobiles are the BMW 3 Series Coupe 335i and the Mercedes CLK350 Coupe. In a recent year, the national U.S. market price for the BMW 3 Series Coupe 335i was $39,368 and for the Mercedes CLK350 Coupe was $44,520. Gas mileage for both of these cars is around 17 mpg in town and 25 mpg on the highway.

Suppose Mercedes is concerned that dealer prices of the CLK350 Coupe are not consistent and that even though the average price is $44,520, the actual prices are normally distributed with a standard deviation of $2,981. Suppose also that Mercedes believes that at $43,000, the CLK350 Coupe is priced out of the BMW 3 Series…...

...high-tech merchandize, automobiles and seasonal items that become obsolete rapidly. 9. Purchasing / Procurement Most Industries 40 – 60% Activities such as supplier selection, negotiation – price/terms/quantities – supplier quality assessment. Has grown in importance 10. Return Goods Handling - Receiving greater attention today May take place when problems arise with the performance of the product. – or a customer may simply change his mind. Complex issue – involves moving small quantities of goods from customer rather than to the customer. Costs sometimes nine times > than when reaching goods to Customer. 11. Reverse Logistics Involved in renewal and disposal of waste materials left over from the production, distribution or packaging processes. These could be temporary storage, followed by transportation to the disposal, reuse, reprocessing or recycling location. The last two gaining greater attention these days. 12. Parts & Service Support After Sale – includes delivery of repair parts to dealers, stocking adequate spares, picking up defective or malfunctioning products from customers. Responding quickly to demands for repairs. 13. Logistics Communication Key to any effective functioning system – key source of competitive advantage. L interfaces with wide array of functions in its communication process. Between: Organization and its suppliers/service providers, customers Major functions within the organization, such as L,......

Words: 571 - Pages: 3

...“Normal” There is a time and place is what we are taught to think before we take action. If we are unable to do this successfully, we are thought to be a black sheep. I recognize this as I walk through the door of a 24-hour Starbucks during the middle of the night. Strangers are staying close to those who are familiar and keep to themselves, tinting a cool summer night with an uncomfortable silence similar to a library. Eyes wander; following the slightest movements of newcomers. When there is nothing to see, attention is moved elsewhere to something more unusual like the prostitute that just came in. She became pinned down by stares from those who recognized what she is. More than the standard three second stares and move on, bodies contort from where they sit. Eyebrows are raised; showing judgment of the subject that stands before them. Thoughts are running wild,” Wow so strange… I thought that the only place to see prostitutes are at random street corners… Gross… Doesn’t she know she would stand out at a place like this?... Poor thing…” Observing this, I realize that we are all so used to our own reality that, those who differ are considered unusual. She stands out against the crowd wearing all black. The cozy, romantic, lighting makes her appear as a slim silhouette among all of the random patterns and colors that surrounds her. Her face reveals an age varying from the mid to late forties, although, her body expresses an age greater than her own. The white......

Words: 1054 - Pages: 5

...standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal distribution standard normal......

Words: 448 - Pages: 2

...LINK BROJ 3, CITIRAJ U LITERATURI ! 2.2.2 Directs Sales The direct model refers to the fact that Dell does not use the retails channel, but sells its PCs directly to customers through its website, Dell.com, as Figure 4 shows. This way the intermediary steps that may add time and cost are eliminated, and Dell is directly linked to its customers. Figure 4: Distribution channel of Dell vs. a traditional company [31] In fact, Dell sells directly to all its customers, “from home-PC users to the world’s largest corporations” [54]. This way it creates a direct relationship with each individual customer, which turns out to be a great source of competitive advantage. As Michael Dell has stated, this direct relationship “creates valuable information” about the customer, thus Dell knows who the end users are, what they have bought from Dell and what their preferences are, a fact that allows Dell to offer add-on products and services, and stay, in general, closer to the customer [27]. As Lawton et al [29] suggest, this “provides Dell with a wealth of marketing and product development information”. Dell distinguishes three rough customer segments: large organizations (large companies or government institutions), small and medium businesses, and personal consumers; the mix of customers served is wide (no customer represents more than 1-2% of Dell’s revenues) and there is a focus on large customers (70% of Dell’s......

Words: 1242 - Pages: 5

...effectively another type of affiliate however unlike traditional affiliates it is possible to pass leads by email, telephone or in person. Referral partners are typically remunerated with a commission although this may either be per lead or per sale. Acting as a referral partner is ideal for an individual or company that doesn’t have the product knowledge or resources to really get involved but does periodically come across opportunities. Drop shipper A drop shipper is effectively a retailer who sells products without actually taking stock. This is typical for online shops who can easily take an order through their website and then pass the order details to the manufacturer or vendor to ship the product directly to the customer. As with a normal retailer a drop shipper will purchase a products, mark them up and resell them for a profit. Merchant Resources The term merchant on The Reseller Network refers to manufacturers, distributors, vendors, suppliers, affiliate merchants, and wholesalers. This section of the resource centre provides useful information for businesses that already fall under any of these categories or for anyone who is considering becoming a merchant in any of these formats. What is an Affiliate? Most commonly an affiliate simply drives web traffic from one website to another and is paid a commission per visit or per sale. Some companies may also refer to resellers or partners as affiliates. Affiliates use areas of unused space on their website to display......

Words: 2507 - Pages: 11

...C H A P T E R 6 The Normal Distribution Objectives After completing this chapter, you should be able to Outline Introduction 6–1 Normal Distributions 1 2 3 4 5 6 7 Identify distributions as symmetric or skewed. Identify the properties of a normal distribution. Find the area under the standard normal distribution, given various z values. Find probabilities for a normally distributed variable by transforming it into a standard normal variable. Find speciﬁc data values for given percentages, using the standard normal distribution. Use the central limit theorem to solve problems involving sample means for large samples. Use the normal approximation to compute probabilities for a binomial variable. 6–2 Applications of the Normal Distribution 6–3 The Central Limit Theorem 6–4 The Normal Approximation to the Binomial Distribution Summary 6–1 300 Chapter 6 The Normal Distribution Statistics Today What Is Normal? Medical researchers have determined so-called normal intervals for a person’s blood pressure, cholesterol, triglycerides, and the like. For example, the normal range of systolic blood pressure is 110 to 140. The normal interval for a person’s triglycerides is from 30 to 200 milligrams per deciliter (mg/dl). By measuring these variables, a physician can determine if a patient’s vital statistics are within the normal interval or if some type of treatment is needed to correct a condition and avoid future illnesses. The question then is,...

Words: 18901 - Pages: 76

...Domicus Perdue PSY/202 Foundations of Psychology Normal or Abnormal Sept. 11, 2013 Kristal Chambers, Faculty Normal behavior is that what is noticed by society as doing things that agrees with the social norm. This means that we go to work we take care of our kids, our kids go to school. One could take normal as being free from disease or not being in a mental institution. Normal is everything that people are supposed to think, feel and what is known as common or usual. There are billions of people in the world 90% act a certain way this I would consider normal. The other 10 % is all the abnormal, sick twisted individuals that like to steal, fight and kill for no apparent reason. There are also those that have cancer or anything abnormal like the flu or AIDS. Abnormality is a deviation from what is considered ideal. It is also an alternative approach, which considers behavior abnormal, if it deviates enough from some kind of ideal or cultural standard. This deviation in accordance with what society what’s from everyone as normal sometimes disagrees as to what is ideal or adequate. Abnormality is also a sense of personal discomfort as I mention before with different types of medical symptoms. Additionally a more useful definition concentrates on the psychological consequences of the behavior of any individual. In our book this behavior is considered abnormal if it produces a sense of personal distress or anxiety, or guilt in an individual. If we say that abnormal......

Words: 324 - Pages: 2

...September 2003 From supplier to store For IKEA, distribution is an important part of the equation of creating home furnishing articles at prices which are as low as possible. Today approximately 10,000 IKEA products are manufactured by 1,600 suppliers and transported to 186 IKEA stores around the world, often via one of the company’s 27 central warehouses and distribution centres. At IKEA, distribution is all about making the route from the manufacturer to the customer as short as possible. In the early days of IKEA, the “warehouse” was a shed on Elmtaryd Farm in the south of Sweden where the founder of the company, Ingvar Kamprad, lived with his parents. In those days products were despatched from Elmatryd with the help of the county milk van that visited the farm each day. Things have changed a bit since then, however. Today IKEA operates 27 distribution centres in a total of 16 countries. From here IKEA products are delivered to 186 stores around the world – 165 IKEA Group stores and a further 21 stores operated by other franchisees. IKEA works in various ways not only to rationalise and simplify distribution, but also to minimise the impact this part of the business has on the environment. The secret is to calculate as exactly as possible how many products will be needed to satisfy demand. This eliminates any unnecessary costs for production and warehousing. The hallmarks of IKEA distribution are: – a global distribution network – large volumes – flat packages – low......

Words: 543 - Pages: 3

...4 problem set 1: Normal Probability Distributions Page.285 Ex 6,8,10,12 6. x = 80, z=80-10015 = -1.33 z= 0.0918 1-0.0918 = 0.9082 8. x = 110, z=110-10015 = 0.67 z= 0.7486 z= 75-10015 = -1.67 z= 0.0475 0.7486-0.0475= 0.7011 (shaded area) 10. z= 0.84 (shaded) z= -0.84 x= 100+(-0.84∙15) = 87 (rounded) 12. . z= 2.33 x= 100+(2.33∙15) = 135 (rounded) Page 288 Ex 34 34.Appendix B Data Set: Duration of Shuttle Flights a. Find the mean and standard deviation, and verify that the data have a distribution that is roughly normal. Mean= 25317115 = 220.15 Standard Deviation=115253172-(25317)2115(115-1) = 86 (rounded) The normal distribution is 115 b. Treat the statistics from part (a) as if they are population parameters and assume a normal distribution to find the values of the quartiles 1,2 and 3. Mean= 220.15 Standard Deviation= 86 Q1 = 220.5 + (-0.67 ∙ 86)= 162.53 Q2= 220.5 + (0.00 ∙ 86) = 220.5 Q3=220.5 + (0.67 ∙ 86) = 277.77 Page.300 Ex 20 Quality Control: Sampling Distribution of Proportion after constructing a new manufacturing machine. 5 prototype integrated circuit chips are produced and it is found that 2 are defective (D) and 3 are acceptable (A). Assume that two if the chips are randomly selected with replacement from this population a. After identifying the 25 different possible samples, find the proportion of defects in each of them, then use a table to describe the sampling distribution of the......

Words: 675 - Pages: 3

...The probability distribution of the population data is called the population distribution. Tables 7.1 and 7.2 on page 309 of the text provide an example of such a distribution. The probability distribution of a sample statistic is called its sampling distribution. Tables 7.3 to 7.5 on page 311 of the text provide an example of the sampling distribution of the sample mean. 1. Sampling error is the difference between the value of the sample statistic and the value of the corresponding population parameter, assuming that the sample is random and no nonsampling error has been made. Example 7–1 on page 312 of the text exhibits sampling error. Sampling errors occur only in sample surveys. 2. Nonsampling errors are errors that may occur during collection, recording, and tabulation of data. The second part of Example 7–1 on pages 312 and 313 of the text exhibits nonsampling error. Nonsampling errors occur both in sample surveys and censuses. 3. a. [pic] b. [pic][pic] Sampling error = [pic] c. Liza’s incorrect [pic][pic] [pic] Sampling error (from part b) = –1.83 Nonsampling error [pic] d. | Sample | [pic] |[pic] | |15, 13, 8, 17 |13.25 |.92 | |15, 13, 8, 9 |11.25 |–1.08 | |15, 13, 17, 9 |13.50 |1.17 | |15, 8, 17, 9 |12...

Words: 1858 - Pages: 8

...week 4 Distribution Randy Weatherford University of Phoenix week 4 Distribution Channels of distribution of sales for designer jeans for Starbucks new Starbutts. The key for distribution is to align the manufacture to the sales, shortest point where the manufacturer to the customer purchasing the product. First, Starbucks will assess the competitors line of product to identify all channels of categories so Starbucks can identify their where they can be successful. Competitors' distribution channels. As a starting point, make a list of any competitors that could compete directly with you for the same customers. Then divide these competitors into categories based on the distribution channels they currently use. The result will be a picture of which channels are being successfully used in your type of business and location. (2015, p. 1) The lines of distribution are as follows, first of all direct lines to currently own retail outlets, wholesale outlets, Direct mail through flyers or catalogs, telemarketing, Cyber marketing, and cable or TV advertisement. Each of these avenues provide value to the sale of the product. The wholesale and retail outlets provide a direct link between the customer and the manufacture but this can be the more expensive direction because the products provided are manufactured and shipped to the retail stores without orders in place. Direct mail through catalog or flyers provide the customers the options and saves Starbucks the capitol......

Words: 512 - Pages: 3

...Based on this output, which single value best describes this set of data and why? If you could pick three of these values instead of only one, which three would you choose and why? It is important to note that the answers to these questions may be different for each of you since you are each using unique sets of data. PSY 325 Week 2 DQ1 Graphs Give one example of health-related data (a variable) that can be represented by a pie chart. Do the same for a bar chart and a histogram. Explain why each data example you selected (there will be a total of three different variables) is well represented by the corresponding graph. PSY 325 Week 2 DQ2 Standard Normal Distribution and the z-Score Review Chapter 3 of your course text, which introduces probability and the standard normal distribution, and view the Z-Score video clip from the Films On Demand database in the library. Provide a description of the meaning and use of the z-score. Give an example that illustrates your answer. PSY 325 Week 3 DQ1 Choose the Analysis A researcher wishes to study the effect of a new drug on blood pressure. Would you recommend using a z-test, a t-test, or an A.N.O.V.A. for the analysis? Explain your answer. What would your choice of test depend on? For the test you select, explain your design and your comparison groups. Would the hypothesis be directional or non-directional? Would the test be one-tailed or two-tailed? What would be the null and what would be...

Words: 2213 - Pages: 9

...Table 1: Table of the Standard Normal Cumulative Distribution Function......

Words: 1575 - Pages: 7

...City Cents City Cents 1 Vancouver, BC 5.83 15 Edmonton, AB 10.12 2 Saskatoon, SK 6.77 16 Calgary, AB 15.32 3 Abbotsford, BC 6.32 17 Oshawa, ON 6.23 4 St. John's, NL 9.68 18 Halifax, NS 8.36 5 Winnipeg, MB 5.41 19 Moncton, NB 8.83 6 Sudbury, ON 5.83 20 Price George, AB 6.19 7 Ottawa, ON 8.08 21 Brantford, ON 6.65 8 Sherbrooke, QC 6.56 22 St-Jean, QC 5.25 9 Quebec, QC 5.74 23 Regina, SK 7.23 10 Whitehorse, YT 6.06 24 Montreal, QC 6.74 11 Toronto, ON 8.62 25 Yellowknife, NWT 6.43 12 Saguenay, QC 6.20 26 Kewlowna, BC 6.83 13 Hamilton, ON 6.91 27 Windsor, ON 6.69 14 Charlottetown, PE 10.60 28 Thunder Bay, ON 6.12 1. Determining the mean, variance and standard deviation of the provided sample: Mean: 7.3429 Variance: 4.4322 Standard Deviation: 2.1053 The mean, variance, and standard deviation for electricity prices of this sample is 7.3429, 4.4322 & 2.1053 cents respectively. 2. 95% confidence interval for the mean of the population utility rates: Confidence Interval: 0.77979 We're 95% confident that the true mean falls somewhere between 6.5631and 8.1227. 3. 90% confidence interval for the mean of the population utility rates, asssuming population standard deviation 2.09 Confidence Interval: 0.6497 ...

Words: 386 - Pages: 2

...APPENDIX, T ABLE 2: STANDARD NORMAL DISTRIBUTION TABLE ~ • The eDtries lD this bible g in the areas uDder the IblDdard Dormal c ane from 0 t o:. 0 H, : 0.0 .00 .01 .02 .03 .04 .05 .06 .0000 .0040 .0080 .0120 .0160 .0199 0.1 0.2 0.3 0.4 0.5 .0398 .0793 .1179 .1554 .19lS .0438 .0832 .1217 .1591 .1950 .0478 .0871 .1255 .1628 .1985 .0517 .0910 .1293 .1664 .0557 .0948 .1331 .1700 .2054 0.6 0.7 0.8 0.9 1.0 .2257 .2580 .2881 .3159 .3413 .2291 .2611 .2910 .3186 .3438 .2324 .2642 .2939 .3212 .3461 .2357 .2673 .2967 .3238 .3485 .2389 .2704 1.I 1.2 1.3 1.4 1.5 .3643 .3849 .4032 .4192 .4332 .3665 .3869 .4049 .4207 .4345 .3686 .3888 .3729 .3925 .4222 .4357 .3708 .3907 .4082' .4236 .4370 1.6 1.7 1.8 1.9 2.0 .4452 .4554 .4641 .4713 .4772 .4463 .4564 .4649 .4719 .4778 .4474 .4S73 .4656 .4726 .4783 .4484 2.1 2.2 2.3 2.4 2.5 .4821 .4861 .4893 .4918 .4938 .4826 2.6 2.7 2.8 2.9 3.0 .4953 .4965 .4974 .4981 .4 7 .08 .09 .0239 .07 .0279 .0319 .03S9 .0596 .0987 .1368 .1736 .2088 .0636 .1026 .1406 .1772 .2123 .0675 .1064 .1443 .1808 .2157 .0714 .1103 .1480 .1844 .2190 .07S3 .1141 .......

Words: 418 - Pages: 2