Use a Modern Software Tool to Perform Statistical Calculations -What Is the Average Daily Sale During the Full Retail

question 13

Multiple Choice

Use a modern software tool to perform statistical calculations.
Use the table below to answer the following question(s) .
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. The store then sells the remaining units in a clearance sale at 65 percent discount. Out of the 60 main retail days, Fiberia sells the sweaters at full retail price for only 45 days, while giving a discount of 25 percent for the remaining 15 days. The demand functions a, and b are given as 79.5 and 1.1 respectively. $\begin{array}{|l|l|}\hline\text { Marked Down Pricing Model for } \\\text { Fiberia Accessories's new sweater} \\\hline & \\\hline \text { Data } & \\\hline \text { Retail Price } & \\\hline \text { Inventory } & \$ 65 \\\hline \text { Selling Season (days) } & 1500 \\\hline \text { Days at Full Retail } & 60 \\\hline \text { Intermediate Markdown } & 45 \\\hline \text { Clearance Markdown } & 25 \text { percent } \\\hline \text { Demand Function } & 65 \text { percent } \\\hline \text { A } & \\\hline \text { B } & 79.5 \\\hline\end{array}$
-What is the average daily sale during the full retail sales period?

• A) 15
• B) 33.33
• C) 8
• D) 24.55

Understand the concept of organizational values, both enacted and espoused, and how they influence behavior within an organization.

Recognize the challenges and strategies related to managing organizational behaviors like cyberloafing.

Comprehend the relationship between strong organizational cultures and control without bureaucracy.

Grasp the importance of norms in guiding employees' behaviors in organizational culture.

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Definitions:

Heart

A muscular organ that pumps blood through the circulatory system by rhythmic contraction and expansion.

Pulmonary Trunk

The major blood vessel that originates from the right ventricle of the heart and bifurcates into the left and right pulmonary arteries, carrying deoxygenated blood to the lungs.

Pulmonary Artery

The artery carrying deoxygenated blood from the right ventricle of the heart to the lungs for oxygenation.

Left Lung

The lung on the left side of the body, which is smaller than the right lung and consists of two lobes to accommodate the heart.