Premium Essay

Task 5 Qat

In: Business and Management

Submitted By lucky8
Words 432
Pages 2
Section A.

Develop Thoroughly
Good Market Reaction- .4 ($500,000)= $200,000
Moderate Market Reaction- .4 ($25,000) = $10,000
Poor Market Reaction - .2 ($1,000) = $200

.4 ($500,000) + .4 ($25,000) + .2 ($1,000) = $210,200 Expected Value

Develop Rapidly
Good Market Reaction- .1 ($500,000) = $50,000
Moderate Market Reaction- .2 ($25,000) =$5,000
Poor Market Reaction- .7 ($1,000) = $700

.1 ($500,000) + .2 ($25,000) + .7 ($1000) = $55,700 Expected Value

Consolidate Existing Product
Good Market Reaction- .3 ($200,000) = $60,000
Moderate Market Reaction- .4 ($10,000) = $4000
Poor Market Reaction-.3 ($3,000) = $900.00

.3 ($200,000) + .4 ($10,000) + .3 ($3000) = $64,900 Expected Value

Reap Without Investing
Good Market Reaction- N/A. This category does not exist on the graph. This means that there is no ideal outcome or maximization of product for this company if they only continue to gain profits from current products made without any action. This immediately takes this alternative out of the running for the best option available. The fact that there is no good reaction from any kind from the market immediately suggests beyond graphs that a change should be made as well.

Moderate Market Reaction- .6 ($10,000) = $6,000
Poor Market Reaction- .4 ($1,000) = $400
.6 ($10,000) + .4 ($1000) =$6,400 Expected Value

Section B. Comparison and Most Appropriate Decision Alternative From the formulas I’ve worked through above, it would be my professional decision to recommend that the company take the risk and invest in thoroughly developing a new product line. The outcome of this decision far outweighs any other on the chart after extensive evaluation. The second in line for profit is consolidating the existing line they already have, but in comparison to rapid development, the profits are not that much greater. And both of these options pale in…...

Similar Documents

Premium Essay

Lat1 Task 5

...LAT1 Task 5 Final 8-2-11 Paul D Burns Western Governors University Unemployment is a Serious Social Issue Unemployment is the condition and extent of individuals out of work within an economy, measured by the “official” unemployment rate (U-5). This measure is the number of unemployed workers divided by the total civilian labor force. As of June the “official” unemployment rate stands at 9.2%. What is rarely reported, and even more ominous, is the underemployment rate. This rate includes two groups that are not considered in the official unemployment rate: discouraged and part-time workers (U.S. Congress, 1986, p. 12). As of June 2011 the U-6 rate stands at 16.2%. There is evidence that underemployment is pervasive in the United States. Some types can be measured more easily than others but it is apparent that many Americans are underemployed (Meyer, 1985, p.20) and because that figure is rarely ever spoken about, the costs, hardships and extent of unemployment are not fully reported or understood (U.S. Congress, 1986, p. 12). Recent studies suggest that unemployment has become a serious social issue in the United States due to the under-reported unemployment rate, the increase in financial hardship to American families, and the policies of government. Body When we do not include individuals who are discouraged, or those working part-time in the “official” unemployment rate, we are underreporting the true extent of unemployment, and creating various socioeconomic......

Words: 2263 - Pages: 10

Free Essay

Qat Task 1

...|35 | |3 |0.2757 |35 | |4 |0.7330 |39 | |5 |0.4994 |38 | |6 |0.1383 |33 | |7 |0.2978 |35 | |8 |0.3493 |35 | |9 |0.5277 |38 | |10 |0.4134 |38 | Probability distribution of labour cost per unit |Labour |Probability |Cumulative Probability | |22 |0.12 |0.12 | |23 |0.18 |0.30 | |24 |0.22 |0.52 | |25 |0.28 |0.80 | |28 |0.20 |1.00 | |Total |1.00 |  | Average labour cost per unit [pic] Simulated values of labour cost per unit |Serial Numbers|Random Numbers|Labour Cost | |1 |0.5128 |24 | |2 |0.2558 |23 | |3 |0.0133 |22 | |4 |0.1658 |23 | |5 |0.6727 |28 | |6 |0.9280 |28 | |7 |0.9324 |28 ...

Words: 455 - Pages: 2

Free Essay

Qat1 Task 5

...QAT1 Task 5 Revised Task A. Develop New Product 1.) Develop Thoroughly= $210,200 2.) Develop Rapidly= $55,700 Consolidate Existing Product 3.) Strengthen Products= $64,900 4.) Reap Without Investing= $6,400 Task B. The decision alternative is to develop new products thoroughly, or decision alternative 1, with the expected value (EV) of $210, 200. 1. Decision alternative 1 has the highest expected value ($210,200) of all four branches, thus making it the most favorable decision. To find expected values for each decision alternative, first you multiply the Predicted Gains (or, Payoffs) by the Probability for each States of Nature (in this case, Market Reactions: Good, Moderate, and Poor). Then, you add the totals of each Market Reaction and that becomes the expected value for each decision alternative. The highest expected value from all the decisions is generally the most favorable decision. The following are the calculations for the expected values of each of the four decision alternatives: The formula is: EV= Predicted Gains(Probability) Decision alternative 1: Good: 500,000(.4) = 200,000 Moderate: 25,000(.4) = 10,000 Poor: 1,000(.2) = 200 Total: $210,200 Decision alternative 2: Good: 500,000(.1) = 50,000 Moderate: 25,000(.2) = 5,000 Poor: 1,000(.7) = 700 Total: $55,700 Decision alternative 3: Good: 200,000(.3) = 60,000 Moderate: 10,000(.4) = 4,000 Poor: 3,000(.3) = 900 Total: $64,900 ......

Words: 253 - Pages: 2

Premium Essay

Task 5

...TASK 5 Databases a) A database is a structured collection of records or data that is stored in a computer system. b) Databases are used by storing data so it can be quickly accessed, varied information could be kept about anything, from students to stock e.g. computers and equipment, you could use MS Access to make a Database, you can use queries to find things quickly. It would be best to create a database in MS access because things can be changed and added. For instance you could add a new field or put in some new data. It is also easy to use in MS Access because it sets it out as a table so it’s easy to edit and read. c) College could use this to keep records on all their students and teachers, they could have all personal details, like Phone numbers, address, and how well their doing in their course, it could keep track of all their absences. It could hold all information about people who are visiting the college, and when things are going to be organised like student days and open days. Internet a) The internet is a server where people can add web pages to show information; you need an internet connection to be able to access the internet. b) The internet is used for browsing web pages, I would use the internet for going on face book, but a business would use the internet for things like buying stock, or advertising there business to people, some business may also have their own website to advertise. A college may have a website to describe about all the......

Words: 757 - Pages: 4

Premium Essay

Qlt 1 Task 5

...Quantitative Literacy Quantitative Problem Solving QLT Task 5 January 20, 2013 Task A Misty is going to start college in the fall. Her father has agreed to pay her tuition and board but she must cover all other expenses, including supplies and books. Misty has been working a summer job to save money for these expenses and is hoping to be thrifty enough in her purchases to not have to work during her first semester of college. She is anticipating a large expense on books but is hoping to save some money on purchasing school supplies by looking at discount retailers instead of the college bookstore. Misty has found two companies, Company A and Company B, with some great back to school deals on school supplies. Company A is offering ten percent off each dollar spent on school supplies with no minimum purchase required. While that sounds like a great deal, Company B is offering twenty-five percent off all school supplies purchased after spending an initial one hundred dollars. While both options offer a great discount, Misty wants to determine which would save her the most money. Before moving any further, Misty must determine what her total bill for school supplies might be by identifying the items she will need to purchase and then totaling the final cost. Once that has been ascertained, she will need to calculate the possible savings on each plan to determine which one will be most cost effective. Task B In order to calculate the savings, Misty is......

Words: 774 - Pages: 4

Premium Essay

Wgu Qat Task 2

...QAT1– TASK 2 (version 1.1) Competency 309.3.1-03, 11, 12 Your Name Western Governor’s University Author Note Correspondence concerning this article should be addressed xxxxxx, care of Western Governors University. E-mail: xxxxx@wgu.edu   QAT1 Task 2: Competency 309.3.1-03, 11, 12 Determine the equations for each of the three constraints. Nutrient C : 4x + 4y ≤ 30 Flavor A : 12x + 6y ≤ 72 Color : 6x + 15y ≤ 90 Identify each constraint as Minimum or Maximum. Nutrient C constraint is a Maximum Flavor A constraint is a Maximum Color is a Maximum Determine the total contribution to profit that lies on the Object Function as plotted on the graph. By visual observation the objective function line indicates shows Brand X = 3 and Brand Y = 4. Using these values and the objective function of 30y + 40x = 30*4 +40*3 = 240 Determine how many cases of each type should be produced to generate the greatest profit. Solving for the intersection of Color (4x + 4y = 30) and Nutrient (6x + 15y = 90) yields the values of Y = 5 case and X = 2.5 cases for a total of 7.5 Cases. Entering these values into the objective function: 30y + 40x = 30*5 + 40*2.5 = 250 Solving for the intersection of Flavor (12x + 6y = 72) and Color (4x + 4y = 30) yields the values of Y = 3 and X = 4.5 cases for a total of 7.5 cases. Entering these values into the objective function: 30y + 40x = 30*3 + 40*4.5 = 270 Solving for the intersection Flavor (12x + 6y = 72)......

Words: 378 - Pages: 2

Free Essay

Qat Task 1

...Student book Task 1 Quantitative Analysis for Business QAT1 Assignment 309.3.1-01 - Version 3.1 Please enter your name and WGU ID numb Note: In order to get credit for your work it Student Name: Student Number: If you see "####" in the worksheet fields: The workshe large to display properly for the cell size. If the workshe window for most workbook apps) to increase the zoom t Answers should be rounded to two decimal places (nearest cent) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! Show work below: #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! Materials Cost: Cost $33 $35 $38 $39 Probability 0.2 0.33 0.37 0.1 Cumulative Probabilities 0.2 0.53 0.9 1 Labor Cost: Cost $22 $23 $24 $25 $28 Utilities Cost: Cost $3 $4 $6 Probability 0.16 0.37 0.47 Cumulative Probabilities 0.16 0.53 1 Probability 0.18 0.08 0.25 0.19 0.3 Cumulative Probabilities 0.18 0.26 0.51 0.7 1 __________________Part B______________ Cost: Total Cost Per Unit of 12 Trials $63 $70 $66 $65 $65 $72 $67 $65 $67 $70 $63 $65 Total: Selling Price w/ Average $20 markup: Total New Cost after adding $20. markup $83.00 $90.00 $86.00 $85.00 $85.00 $92.00 $87.00 $85.00 $87.00 $90.00 $83.00 $85.00 $1,038.00 $86.50 me and WGU ID number in the boxes below. credit for your work it is......

Words: 879 - Pages: 4

Free Essay

Fht4 Task 5

...In order to facilitate a cooperative learning activity on “Saltwater Marshes” the Jigsaw method will be used. There are ten steps to the Jigsaw method: 1. Divide class into diverse groups of five to six students 2. Choose a leader for each group 3. Divide the lesson into five to six segments 4. Give each group member their own segment to learn 5. Students are given time to read over their segment at least two times 6. Create provisional groups, that members from the Jigsaw groups with the same segment will come together to collaborate and practice what will be told to their jigsaw group 7. Have the segment groups return to their Jigsaw group 8. Have the students present their segment to their group and promote group questions and discussion of each other 9. Observe each group and regulate student behavior and participation, but the group leader should take this role 10. At the conclusion of the task give a quiz on the material covered in the groups, so students know it is a learning time not a socializing group time (Aronson, 2000.) Choosing students of different genders, academic ability, and race to form the jigsaw groups will create groups of five members for the “Saltwater Marsh” lesson. Next the student in each group who is the most responsible and mature will be chosen as the group leader. The “Saltwater Marsh” lesson will be divided up into the following segments: tidal changes, plant, 2 different animal segments and a......

Words: 628 - Pages: 3

Premium Essay

Qat Task 4.1

...(a+4m+b)/6 * Task A. (2+12+4)/6=3 * Task B. (5+24+13)/6=7 * Task C. (3+16+8)/6=4.5 * Task D. (10+44+15)/6=11.5 * Task E. (4+20+6)/6=5 * Task F. (8+40+12)/6=10 * Task G. (4+24+11)/6=6.5 * Task H. (8+40+18)/6=11 * Task I. (3+24+12)/6=6.5 * Task J. (2+12+7)/6=3.5 a. The activities completion time variance is: ²= ((b-a)/6)² * Task A. ((4-2)/6)²=0.10 * Task B. ((13-5)/6)²=1.76 * Task C. ((8-3)/6)²=0.68 * Task D. ((15-10)/6)²=0.68 * Task E. ((6-4)/6)²=0.10 * Task F. ((12-8)/6)²=0.43 * Task G. ((11-4)/6)²=1.34 * Task H. ((18-8)/6)²=2.75 * Task I. ((12-3)/6)²=2.25 * Task J. ((7-2)/6)²=0.68 2. See Network Diagram attachment 3. a. Expected duration of the entire project: 33.5 weeks b. Slack for project task A: LS-ES=slack time = 6.5-0= 6 c. Slack for project task H: LS-ES=slack time= 19-18.5= 0.5 weeks d. The week project task F. is scheduled to start: Task F begins when Task B ends, which= week 7 e. The week project task I. is scheduled to finish: Task J. LS= task I. LF time=week 30 4. Probability that the project will be done in 34 weeks: ²=²b+²d+²h+²j= ²=1.76+.43+1.34+2.25+.68=6.42 Project standard deviation: 6.42=2.53 Project completion times: Z=Due date-expected date of completionσT = 34 weeks-33.5 weeks2.53 = 0.19 weeks Z- Value of 0.19= P (z≤.19) = 0.57535 B. 1. Maximum reduction in time: normal weeks-crash weeks=maximum reduction in time * Task A:......

Words: 727 - Pages: 3

Premium Essay

Wgu Qlt1 Task 5

...Task 5 A. Jenny is looking for the best option for daycare for her son. She lives in a small town, so her options are limited to two daycare centers. Option A is a home-based facility which charges $9.00 per hour that the child is at the home. Option B is a center-based facility which charges $150 for the first 20 hours and then charges $10 per hour thereafter. Due to a new promotion, Jenny will be required to work more hours away from home. Which facility will cost less for Jenny to have her son in daycare for a work week (40 hours)? B. I. h = how many hours of child care is needed = 40 f = the flat hourly rate charge t = total amount due for the week Option A: f * h = t a. 9 * 40 = $360 Option B: 150 + f(h-20) = t, for h >=20 b. 150 + 10(40-20) = $350 150 = t, for h < 20 c. 150 = total II. I set the hours to "h", the hourly fee to "f" and the total to "t". a. Option A: This option only has an hourly fee for each hour. The fee is $9 and the amount of hours is 40 so I multiplied the hours by the fee. b. Option B: This option has a flat rate of $150 for the first 20 hours and then an hourly rate of $10 thereafter. For the first equation that refers to over 20 hours, I subtracted 20 hours from the total time, multiplied it by $10, and then added it to $150. For the second equation that refers to any amount less than 20 hours, the total is always......

Words: 531 - Pages: 3

Premium Essay

Qlt1 Task 5

...Task 5 Moving Truck Cost Analysis The Thompsons have lived in Canada all their life but recently Mr. Thompson got a job offer he could not refuse. The new job will require they move to the west coast of the United States. This is going to require they move across the country from New Brunswick, Canada to Seattle, WA. Which is a total of 3200 miles. Although the company Mr. Thompson will be working for will reimburse them for the move, they still have a budget they need to stay under so they can have enough money for hotel stays, stocking the house with food, cleaning supplies etc. when they arrive. They are planning on leaving early and site seeing on the way but still arrive at least two weeks early so they have time to settle in. Arriving early though means there will be a big gap between paychecks so budgeting is very important. They narrowed it down to two companies, Acme Moving which charges $2.00 per mile and Lightening Moving that charges $1500 for the first thousand miles and $2.25 for each mile over 1000. They have to analyze the costs and figure out which one is going to be the best deal. The Equation: Lightening Moving Co. Lightening Moving charges $1500 for the first 1000 miles and then $2.25 for each mile over 1000. Let X = Amount of miles traveled 1500 = the initial cost of the first 1000 miles 3,200 = the total amount of miles traveled $2.25 per mile over 1000 miles therefore; 1500 + 2.25(X-1000) = Cost of moving over 1000 miles 1500 + 2...

Words: 550 - Pages: 3

Premium Essay

Qat1 Task 5

...Analysis for Business (QAT1) Submitted 05/05/2015 Assignment 309.3.3-04 Version LMF5-28 Student: Richard McClanahan Student ID: 000343792 TASK #5 Answer Task 5A Calculate the expected value for EACH of the four decision branches. 1. Develop Thoroughly: GOOD) $500,000 (0.45) = $225,000 MOD.) $25,000 (0.10) = $2,500 POOR) $1,000 (0.45) = $450 TOTAL EXPECTED VALUE: $227,950 2. Develop Rapidly: GOOD) $500,000 (0.52) = $260,000 MOD) $25,000 (0.23) =$5,700 POOR) $1,000 (0.25) =$250 TOTAL EXPECTED VALUE: $265,950 3. Strengthen Products GOOD) $2,000 (0.33) = $660 MOD) $10,000 (0.52) = $5,200 POOR) $3,000 (0.15) = $450 TOTAL EXPECTED VALUE: $6,310 4. Reap without investing GOOD) $10,000 (0.33) = $3,300 POOR) $1,000 (0.67) = $670 TOTAL EXPECTED VALUE: $3,970 EXPLINATION: We take the projected payoff and multiply that payoff by the probability factor. So if the good payoff to develop a product rapidly is $500,000, we then multiply that by the probability factor of 52%, or 0.52. That gives us a probable payoff of $260,000. Following this simply process, we extrapolate these results as listed above. ANSWER TASK 5B After calculating the total expected value for each decision alternative, the most profitable decision would be to RAPIDLY DEVELOP new products for a probable payoff......

Words: 364 - Pages: 2

Free Essay

Qat! Task 5

...QAT1 Task 5 #258453 In the given scenario, a company is considering alternatives for improving profits by either developing new products, or consolidating existing products. There are 4 separate branches that split from the 2 main branches. Develop new product: 1). Develop thoroughly: a) Good demand .47 $500,000 b) Moderate demand .38 $25,000 c) Poor demand .15 $1000 So, with the above given variables, to calculate the expected value, you multiply each probability times the corresponding payoff. Then add the results for each decision outcome. Calculations: a) .47 (500,000) = $235,000 b) .38 (25000) = $9500 c) .15 (1000) = $150 Branch 1 expected value = $244,650. 2). Develop rapidly: a) Good demand .06 $500,000 b) Moderate demand .16 $25000 c) Poor demand .78 $1000 Calculations: a) .06 (500,000) = $30000 b) .16 (25,000) = $4000 c) .78 (1,000) = $780 Branch 2 expected value = $34780 Consolidate existing product: 3). Strengthen products: a) Good demand .69 $2,000 b) Moderate demand .27 $10,000 c) Poor demand .04 $3,000 Calculations: a) .69 (2,000) = $1380 b) .27 (10,000) = $2700 c) .04 (3,000) = $120 Branch 3 expected value = $4200 4). Reap without investing: a) Good demand .32 $10,000 b) Poor demand ...

Words: 290 - Pages: 2

Free Essay

Biochemistry Task 5 Lipids

...Biochemistry Task 5 Lipids A. Adipose tissue stores fat in the body. The fat storage molecule is called a triglyceride. Triglycerides are composed of a glycerol attached to three fatty acids. In order to use a triglyceride for energy, the fatty acids are broken away from the glycerol. These fatty acids are considered free fatty acids. Free fatty acids are broken down, two carbons at a time by beta oxidation. Each two carbon unit becomes Acetyl CoA, which then enters the citric acid cycle. Also, during beta oxidation there are electrons and hydrogens that are removed from fatty acid. They are carried by NADH and FADH2 to the electron transport chain. They are used to form ATP from ADP and a phosphate. B. There are two types of fatty acids, saturated fatty acid and unsaturated fatty acid. Saturated fatty acids are saturated with hydrogen, meaning all the carbons in the chain are filled with hydrogen. Saturated fatty acid chains all look similar which makes it easy for them to build on one another. The force that holds them together is known as hydrophobic interactions. This allows fatty acids to be solid at room temperature. Saturated fatty acids are mainly from animal food sources. Unsaturated fatty acids will not be saturated with hydrogen, instead there is a double bond that lessens the amount of hydrogen in a chain. This double bond bends the tail and the structure becomes irregular. This irregularity doesn’t allow them to stack well, therefore unsaturated fatty......

Words: 536 - Pages: 3

Free Essay

Biochemistry Task 5

...Biochemistry Task 5 March 6, 2016 A. Triglycerides are the main make up of body fat in animals and humans as well as vegetable fat. Triglycerides are made up of glycerol and three fatty acids. Fats or lipids as a whole are not bad for you as they are used for energy, always in moderation, but there are different types of fats that you do need. Your body utilizes saturated fat very fast as opposed to other fats that has to go through different stages to be used. Triglycerides in food are digested and are processed in the liver combining it with a protein and then travel through your blood stream to your cells where they are then used for energy. Glycerol enters into the pathway through the Pyruvate and then onto Acetyl-CoA where it enters the Cori-cycle. From there it is transported to the electron transport chain where the end product is ATP. ATP is the body’s energy. Through beta oxidation fatty acids enters the pathway through the Acetyl-CoA. From here it moves the Cori cycle where they are then broken down into sugars and transported to the electron transport chain where ATP is the end product. Low fat diets are dangerous in that they strip the body of the process of this breakdown. Reduces energy stops the breakdown of fat for use in the digestive system gallbladder and liver. With this reduction the decrease of bile also stops the production of CCK or Cholecystokinin which signals the pancreas to release bile to breakdown the lipids. Simply the product will be...

Words: 668 - Pages: 3