The accounting department of a large firm is interested in modeling the dynamic of its accounts receivable (that is, the money that is owed to it by its customers) when a charge sale occurs, abill is sent out at the end of the month .payment is due within thirty days ,but may not occure in that time. if no payment is received within six months of the billing date, the amount is classified as bad debt. thus, an individual account is described by its age in months, or by "paid" or by "bad debt".for numerical values, assume that the prob. that payment is made in the first month is 0.8 and decline by 0.1 each additional month. that is, the prob. it is paid in the second month is 0.7 ,in the third month is 0.6,and so on. formulate the terminating markov chain that describes the debt payment.
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Business, 21.06.2019 20:20
Avx home entertainment, inc., recently began a “no-hassles” return policy. a sample of 500 customers who recently returned items showed 400 thought the policy was fair, 32 thought it took too long to complete the transaction, and the rest had no opinion. on the basis of this information, make an inference about customer reaction to the new policy. (round your answers to 1 decimal place.)
Answers: 3
Business, 22.06.2019 02:20
Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a
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Business, 22.06.2019 12:10
This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?
Answers: 3
Business, 22.06.2019 17:30
After the embarrassing sign incident at the restaurant you own, you decide to offer employees a six-week fundamental writing skills workshop. a local business communication instructor, who has experience teaching writing skills at treleaven community college, will facilitate the sessions. to encourage employees to attend these optional sessions, write an email that explains why you’re offering the workshop and why employees should participate.
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The accounting department of a large firm is interested in modeling the dynamic of its accounts rece...
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