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Paper Types
- Admission Essay
- Annotated Bibliography
- Application Essay
- Article
- Article Critique
- Article Review
- Article Writing
- Assessment
- Book Review
- Business Plan
- Business Proposal
- Capstone Project
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- Accounting
- Advertising
- Aeronautics
- African-American Studies
- Agricultural Studies
- Agriculture
- Alternative Medicine
- American History
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- Anatomy
- Anthropology
- Antique Literature
- APA
- Archaeology
- Architecture
- Art
- Asian History
- Asian Literature
- Astronomy
- Aviation
- Biology
- Business
- Canadian Studies
- Chemistry
- Chicago/Turabian
- Classic English Literature
- Communication Strategies
- Communications and Media
- Company Analysis
- Computer Science
- Creative Writing
- Criminal Justice
- Dance
- Design
- Drama
- E-commerce
- Earth science
- East European Studies
- Ecology
- Economics
- Education
- Education Theories
- Educational Theories
- Engineering
- Engineering and Technology
- English
- Ethics
- Family and Consumer Science
- Fashion
- Finance
- Food Safety
- Geography
- Geology
- Harvard
- Healthcare
- High School
- History
- Holocaust
- Internet
- Investments
- IT Management
- Journalism
- Latin-American Studies
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- Legal Issues
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- Marketing
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- Music
- Native-American Studies
- Natural Sciences
- Nature
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- Painting
- Paintings
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- Pharmacology
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- Philosophy
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- Psychology
- Public Relations
- Relation of Global Warming and Extreme Weather Condition
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Decision Making Models, Assessment Example
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| Probability | Cumulative p | Random No. | Cost | |
| Material | 18 | 18 | 1—17 | 33 |
| 23 | 41 | 18—40 | 35 | |
| 32 | 73 | 41—72 | 37 | |
| 27 | 100 | 73—100 | 39 | |
| Labor | 12 | 12 | 1—11 | 22 |
| 18 | 30 | 12—29 | 23 | |
| 22 | 52 | 30—51 | 24 | |
| 28 | 80 | 52—79 | 25 | |
| 20 | 100 | 80—100 | 26 | |
| Utilities | 26 | 26 | 1—25 | 3 |
| 43 | 69 | 26—68 | 4 | |
| 31 | 100 | 69—100 | 5 |
To determine the cost using the probability of the random numbers, calculate the cumulative probability then using the random numbers given find where the random number lies and then match the cost in that range. From the table above I deduced the cost of the products picked randomly see in the spreadsheets
Questions
To determine the selling price that will make the firm to realize a profit of $20.
Cost + MarkUp =Selling price
64.6 + 20 = 84.6
The product should be sold at $ 84.6.
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