Create a stochastic model in Excel for a manufacturing operation. The machine is cutting rectangular cube blanks for a forming process. The stock material is uniformly 1.00 inch thick. Two cutting processes are needed. The blanks are cut to an average width of 3.40 inches, and are normally distributed with a standard deviation of 0.05 inches. The blanks are cut to an average length of 10.0 inches. The length of the blanks cut are normally distributed with a standard deviation of 0.05 inches. Create and plot a histogram with CDF. The specification for the blanks is to have volume between 33.5 and 34.7 in3. With the current process, what fraction of the blanks are meeting the specification? What changes to the process or equipment would you recommend for 99.0% of the blanks to be within the specification? Consider at least 200 but not more than 1000 parts. Be certain to document the proposed changes on a third worksheet in the workbook.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?