Please show all work on how to get to each answer. 09 Suppose you are working fo

Question

Please show all work on how to get to each answer.

09 Suppose you are working for a consulting firm and trying to predict customers' buying trends. You want to follow a MECE strategy. Which strategy is NOT a MECE strategy? (Don't think too much about the content. Just find the strategy that is not MECE.) 1. Categorizing all customers by their birthdays (for example, Jan 1,... Dec 31, and unknown.) 2. Categorizing all customers by their body weights. 3. Categorizing all customers by their income levels. 4. Categorizing all customers by the number of dogs they may have at home (for example, 0, 1, 2, 3, and more than 3) 5. Categorizing all customers by their hobbies (for example, tennis, ski, soccer, TV game, etc.) 010 The mean life of a certain battery can be modeled using a Normal distribution with a mean of 5 years and a standard deviation of 2 years. Determine the probability the battery will die before 5 years. 1, 2. 3. 4. 5, 34.1% 84.1% 50% 15.9% 65.9% Q11 One company in the U.S. and another in the LDC (Less Developed Country) have the same partial raw material productivity, which is exactly 1 [unit/kgl. This particular raw material that is used as an input is expensive ($100/kg) in the U.S. but is inexpensive ($1/kg) in the LDC. If the partial raw material productivity is represented in [unit/S], which of the following statement is correct? 1. The partial productivity of the company in the U.S. is 100 times larger than the partial 2. The partial productivity of the company in the U.S. is 10 times larger than the partial 3. The partial productivity of the company in the U.S. is exactly the same as the partial productivity 4. The partial productivity of the company in the LDC is 10 times larger than the partial 5. The partial productivity of the company in the LDC is 100 times larger than the partial productivity of the company in the LDC productivity of the company in the LDC of the company in the LDC. productivity of the company in the U.S. productivity of the company in the U.S.

Explanation / Answer

Q9. 5. Hobbies has no limitation and can be from anything.

Q10. 3. 50%.

z=

(x-u)/std dev

(5-5)/2=0

Probability

normsdist(z)

50%

Q11. 5. Since the price is 100 time less in LDC

z=

(x-u)/std dev

(5-5)/2=0

Probability

normsdist(z)

50%

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