Random variable

We represent the self-insured employer, Niskayuna Central School District, and its third-party administrator, Benetech, Inc., in the above reference matter. Please accept this letter as the self-insured employer’s appeal of a Supplemental Decision filed in this matter on 07/13/17, which directs a deposit into the Aggregate Trust Fund. It is respectfully submitted that no deposit into the Aggregate Trust Fund is required of a self-insured employer under Section 27(2) of the Worker’s…

Interested In A Vinyl Fence? 4 Things You Should Know If you want to add privacy to your backyard, or keep your family pet contained without having him on a chain, a fence is a great way to do it. Consider getting a vinyl fence because of these 4 things. Appearance and Size Vinyl fencing typically comes in sections that are 6-8 feet tall. It will give you enough height to protect your yard from nosy neighbors, and help keep pets contained. You can also get the material in sections that are…

In The Goal written by Eliyahu Goldratt, the main character, Alex Rogo, faces a simple yet complex problem of how to increases his plants profitability. From our Brewer textbook we have been learning how different activity levels affect operating income and how a manufacturing corporation can break even in terms of income and sales in chapter 5 of our Brewer textbook. In The Goal, Rogo’s plant is not meeting the demands of its clients and because of that, is not being profitable even through the…

Quiet eye is a gaze behavior first reported by Joan Vickers of Calgary University in 1996. The Quiet eye has been defined as the duration of the final fixation towards the relevant target prior to the execution of the critical phase of movement and has been accepted as a measure of optimal visual attentional control. The quiet eye has an onset that occurs before the final movement in the motor task and an onset that occurs when the fixation deviates off the target by more than 3 degrees for…

We make many decisions in our lives from small, daily decisions to major life decisions. The majority impact us economically. Fiscally responsible people often take the cost-benefit principal into account when making economic decisions. The principle first assumes people are rational and so, their goals are rational. It then states, one should only take action when the benefits of that action are as least as high as the costs associated with the action. I wondered what the outcome would be…

Problem Formulation [1] Figure 2 shows the utility-connected HPGS, which consists of WT, PV, SB, GT, and utility grid. The main objective functions of this system are the total annual cost (TAC) and the system pollution (SP). Equation 3 shows the multi-objective function should be minimized. f=min⁡(TAC,SP) (3) Equation 4 shows the first objective function, which it…

Make Purchase Difference Bid price from Marley $ 17.30 Direct material ($195,000/30,000)*1.08 $7.02 Direct labor ($120,000/30,000)*1.05 $4.20 Factory space rental ($84,000/32,000) $2.625 Equipment leasing costs ($36,000/32,000) $1.125 Variable manufacturing overhead [($225,000*40%)/30,000] $3.00 Total cost per unit to make $17.97 Difference between make and purchase is : $17.97 $17.30 0.67 i. Total costs Make Purchase Difference Bid price from Marley ($17.30*32,000)…

Isocost curve is that curve represents the combination of inputs that will cost the producer the same amout of money. We get the slope of the isocost line. The isocost line shows the various combinations of labor and capital a firm can buy with a given price. The slope of isocost line = PL/Pk. In the given equation, the price of labour is indicated by PL and the price of capital is given by PK. The isocost line may change if the amount of money spent to buy factors changes but the slope…

Transfer price has been defined as an amount charged on a product or service when supplying division transfers the good or service to receiving division. In this situation, Electrical Division is the supplying division, while Brake Division is the receiving division. During the process of setting transfer price, W Industries should ensure the goal congruence between Electrical Division and Brake Division. In other words, both divisions should not strive to maximize their own divisions’ profits…

contribution of each mile is $0.76. FHP proposed a price of $2.15/mile that Overland could charge for line haul, fuel surcharge and miscellaneous fees. The variable costs incurred are $.06 for insurance, 0.78 for fuel, 0.01 for oil lubricants, 0.01 for tolls, 0.07 for parts and small tools, 0.44 for hourly wages and 0.02…