Scenario 16.3 - AITP's Revenge

question 42

Multiple Choice

Scenario 16.3 - AITP's Revenge
The student chapter of the Association of Information Technology Professionals (AITP) notices the success that the APICS student chapter has with their traditional barbecue sauce fundraiser.Blinded by their jealousy,the club officers decide to sell a competing product,clocks made out of junk computer parts that the club sponsor whips up in his garage.Club officers set up a card table in the atrium of the business building and take turns staffing it for the duration of the computer clock season,which is four months.Twenty-five years of experience have revealed that demand varies depending on the month of the season.Customer demand in the first month can be described as 20-p1,in the second month as 20-1.4p2,in the third month 20-1.8p3,and in the fourth month 20-2.2p4.
-The components needed to produce a computer clock cost twenty-five cents.What is the expected profit if the AITP club sponsor produces the optimal number of clocks?

• A)$263.72
• B)$262.54
• C)$260.97
• D)$269.41

Understand the concepts of credibility, trust, and their importance in project management communication.

Understand the role and importance of trust in project management.

Comprehend leadership theories and the importance of leadership adaptation.

Learn about tools and techniques for effective project information management.

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Definitions:

Mean Response Time

The average time taken to respond to a set of requests, often used as a performance metric in various fields.

Significance Level

The threshold below which a p-value is considered statistically significant, indicating that observed results are unlikely to be due to chance.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Randomly Selected

A selection process where each member of a population has an equal chance of being chosen, ensuring unbiased sampling.