Alderan Toy Store faces the following probability distribution of fire losses in its store over the next year:Probability 0.83 0.15 0.02Loss 0 10,000 25,000a. Calculate the expected value and standard deviation of Alderan’s losses for the year. b. Assume that Alderan pools his losses with Dagobah’s store, which has an identical loss distribution. Dagobah’s losses are independent of Alderan’s. Alderan and Dagobah agree to split the total losses in the pool equally. Show the revised probability distribution for the mean loss from the pool. c. Calculate the expected value and standard deviation of the pooled mean losses.

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e.g.