Use the Information Below to Answer the Following Question(s) We Assume That the Production (Demand) Volume Is Normally Distributed

question 30

Multiple Choice

Use the information below to answer the following question(s) . Consider the following spreadsheet for an outsourcing decision model. $\begin{array}{|l|c|c|}\hline & \text { A } & \text { B } \\\hline 1 & \text { OutsourcingDecision Model } & \\\hline 2 & & \\\hline 3 & \text { Data } & \\\hline 4 & & \\\hline 5 & \text { Manufactured in-house } & \\\hline 6 & \text { Fixed cost } & \$ 60,000 \\\hline 7 & \text { Unit variable cost } & \$ 130 \\\hline 8 & & \\\hline 9 & \text { Purchased from supplier } & \\\hline 10 & \text { Unit cost } & \$ 165 \\\hline 11 & & \\\hline 12 & \text { Demand volume } & 1,000 \\\hline 13 & \\\hline 14 & \text { Model } \\\hline 15 & \\\hline 16 & \text { Total manufacturing cost } \\\hline 17 & \text { Total purchased cost } \\\hline 18 & \\\hline 19 & \text { Difference } \\\hline 20 & \text { Decision } \\\hline\end{array}$ We assume that the production (demand) volume is normally distributed with a mean of 1,000 and a standard deviation of 100. For the unit cost, select the triangular distribution. It has a minimum value of $150, most likely value of $165, and a maximum value of $190. The number of trials per simulation is equal to 5,000 at a Sim. Random Seed of 1. Run the simulation and answer the following question(s) using the Risk Solver Platform.
-What is the cost difference lower cutoff in thousands of dollars if the likelihood is 60%?

• A) approximately 13.56
• B) approximately 22.45
• C) approximately 29.67
• D) approximately 38.97

Understand the unique effects and risks associated with hallucinogenic drugs.

Recognize the significance of dosage and tolerance in drug use.

Understand the potential link between marijuana usage and psychological disorders, including schizophrenia.

Recognize the range of substances and their associated risks, particularly focusing on overdose and psychological dependence.

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Definitions:

Great Strike

A significant labor strike, often referring to the first nationwide railroad strike in the United States in 1877.

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A system of government where power is divided between a central authority and smaller political units, such as states or provinces.

Gilded Age

A term used to describe the late 19th century in the United States, a period marked by rapid economic growth, technological innovation, and ostentatious wealth, often accompanied by widespread social inequalities and corruption.