Random variable

If you need to shoot a video from high in the sky, a picker truck (or cherry picker) is probably your best option. However, this is not simple task and it requires a lot of careful planning before executing. Finding the Best Picker There are three different types of cherry picker lifts: non-powered, self-propelled, and vehicle mounted lifts. The first type have no means of propulsion and must be "pushed" into place, either via hand or by an appropriate moving vehicle. Self-propelled lifts are…

What is Janestyle Loyalty Points? You earn Janestyle Loyalty Points for every specific clothing item purchased with us (including the Daily Deal) online at our clothing e-store. You can redeem Janestyle Loyalty Points to buy any another available product within our store at a reduced rate. Just like real cash, 1 point equals 1 cent. So for the 500 points of any of your purchase earned, Janestyle Loyalty Points gets you another $5 off any future order. How specifically is Janestyle Loyalty…

1. License reconciliation, elimination of duplicate software and redeployment. Assuming an average cost of $50 per licensed product. The average PC can eliminate/redeploy one licensed product for a savings of: $50 x 2,500 PCs = $125,000 2. Consolidation of software to servers for server based launching. Assuming that 25% of the user population can eliminate one software application from a local hard drive to a central server and that the average application requires 20-80meg, than the…

2.8. Production With One Variable Input (Labour) And Law Of Diminishing Marginal Returns This is the situation were capital is fixed and labour is variable, and only way to increase the output is by increasing the output. amt of labour(L) capital(K) total output(q) avg product(q/L) marginal product(dq/dL) 0 20000 0 0 0 1 20000 30 30 30 2 20000 50 25 20 3 20000 80 26.66666667 30 4 20000 100 25 20 5 20000 115 23 15 6 20000 120 20 5 7 20000 112 16 -8 8 20000 100 12.5 -12 9 20000 90…

delivery of goods. Cost accounting is also considered as cost volume profit analysis. This model is useful elementary instruction and for making short run decisions. Cost accounting is process of finding cost for the production of fixed cost and variable cost. By making an attempt to deal with the relationship between costs, sales and net income, management would become more efficient to cope with planning decisions and forecasting techniques. Cost volume profit analysis…

Scenario: Super Sonic is a leading manufacturer of specialty cardboard boxes. In 2013, Super Sonic produced 500,000 cardboard boxes that year, which brought in $7,500,000 in annual sales. All employees completed efficiency training at the end of the year in 2013. After completing the efficiency training, Super Sonic produced 650,000 cardboard boxes for the 2014 year, which brought in $9,750,000 in annual sales. The cost to provide the training was $2,000. Each cardboard box is worth $15 in sales…

Optics Project 3D Movies How do 3D movies work? 3D movies work by adding another dimension - depth - to the motion picture Makes the audience feel like being part of the experience We perceive depth and see the world in 3D with binocular vision Binocular Vision - we see things with two eyes that are about two to three inches apart each eye sees from a slightly different perspective our brains then analyzes the differences between these two slightly different images to create a sense of depth,…

While developing the company Outdoor Rental, we saw the impact of the objective function and the constraining inequalities and how they limited and/or maximized profit. The objective function represented our production by telling our company how much we are going to make based on how many of each vehicle we purchased, and assuming that we are renting out our full capacity. Our purchasing was represented by the constraining inequalities because these inequalities determined how much money we…

In 1996, the manufacture vice president Lucas Moore recommended that the company should purchase the Effective Management Systems, Inc. (EMS) the Time Critical Manufacturing package will operate on several of their systems. The initial startup cost of $220,000 up front and yearly maintenance contracts is available for $55,000 per year. Effective Management Systems, Inc. will provide a limited amount of personalized modifications to the software, and the company will pay $60 an hour for labor. Mr…

There are many misconceptions about the music industry, that the artist receives all royalties and they make millions off these royalties. Many individuals believe that it is companies such as Spotify and Pandora are the reason that no body pays for music anymore or that more friends on social media they have will allow them to be discovered quicker and earn them more money. I have always wondered about how artist and record companies get paid and now I have all the answers, and you do too.…