A punch press takes in coils of sheet metal and can make five different electrical breaker boxes, denoted by B1, B2, B3, B4, and B5. Each box takes exactly one minute to produce. To switch the process from one type of box to another takes four hours. There is demand of 1,800, 1,000,600,350, and 200 units per month for boxes Bl, B2, B3, B4, and B5, respectively. The plant works one shift, five days per week. After lunch, breaks, etc., there is seven hours available per shift. Assume 52 weeks per year. (a) What is ra in boxes

For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.

Why is efficiency an important economic goal?

Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 40 minutes is needed to do a title search. the researcher cost is $2 per minute. clients are charged a fee of $400. company a's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. company b's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. which option would have the higher productivity in terms of revenue per dollar of input?