A television campaign is conducted during the football season to promote a well-known brand X shaving cream. For each of several weeks, a survey is made, and it is found that each week, 60% of those using brand X continue to use it and 40% switch to another brand. It is also found that of those not using brand X, 40% switch to brand X while the other 60% continue using another brand. a) Draw a transition diagram. b) Write the transition matrix. c) If 10% of the people are using brand X at the start of the advertising campaign, what percentage will be using it 1 week later?
Answers
The transition diagram is given in the attached image. See the definition of a transition diagram below.
What is a transition diagram?
A specific type of flowchart used for language analysis is called a transition diagram.
The boxes of the flowchart are represented as circles and are referred to as states in the transition diagram.
What is the Transition Matrix?
The transition matrix is given as follows:
[tex]\left[\begin{array}{cc}0.6&0.4\\0.4&0.6\end{array}\right][/tex]
If 10% of the people are using brand X at the start of the advertising campaign, what percentage will be using it 1 week later?If 10% of the people are using Brand X, then 90% are not using brand x. thus the initial state matrix is:
S₀ = [ 0.1, 0.9]. Thus one week later, the state matrix is:
S₁ = S₀P = [0.1, 0.9] * [tex]\left[\begin{array}{cc}0.6&0.4\\0.4&0.6\end{array}\right][/tex]
c11 = 0.1 x 0.6 + 0.9 x 0.6 = 0.6
c12 = 0.1 x 0.4 + 0.9 x 0.4 = 0.4
Hence
S₁ = [0.6, 0.4]
This means that the percentage that will be using it 1 week later is:
0.38 = 38%
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Related Questions
The definition of entrepreneurship holds the promise of...
Answers
Answer:
Growth, unlimited expansion and long-term financial gain.
which of the following statements accurately describes a quality performance feedback session? a. supervisors must establish mutual trust and be vulnerable to challenges from the employee. b. it will not create stress for supervisors or employees. c. supervisors should begin the session with negative feedback to get it out of the way early. d. critical feedback is unnecessary and should be avoided.
Answers
Option A, in which supervisors must build mutual trust and be open to employee challenges, is the appropriate response to this.
What is feedback?When a system's outputs are used again as inputs in a cause-and-effect circuit or loop, this is known as feedback. The system is said to feed back on itself in this case.
Educator, Sponsor, Coach, Counselor, and Director are the five primary supervisory responsibilities.
Hence, option A is correct.
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How much money can an employer deduct if you accidentally damage or destroy something while working?
Answers
Answer:
The cost of the item that was destroyed.
Managers will invest in Human Resource Management only if, human resource practices such as developing
staff, and communication will result in greater profits. Discuss.
Answers
Managers will invest in Human Resource Management only when it brings about greater profit to the organization.
What is human resources management?It should be noted that human resources management simply means the efficient and effective management of people in an organization.
In this case, managers will invest in Human Resource Management only when it brings about greater profit to the organization. This can be done through the training of the employees, etc.
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The conventional retail inventory method is based on
Answers
Answer:
the relationship between a product's cost and its retail price. This method is used by businesses to get an idea of the cost of goods they have on-hand at the end of a particular reporting period.
Explanation:
Answer:
the relationship between a product's cost and its retail price
How do I cancel my payment plan?
Answers
The person can cancel the payment plan by giving the bank to stop payment order.
What is Payment Plan?A term payment plan entails getting equal monthly payments over a predetermined amount of time.The time periods is predefined as the after the expiry of the period payments are not been made.
By instructing the bank to halt payments, the person can cancel the payment schedule.
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Which is the best description of authorized shares?
Answers
The best description of authorized shares is he total amount of shares that can be publicly traded.
What are shares?Shares are refers as common equity interest in a firm. Dividends from any earnings the business may make are payable to shareholders.
Authorised shares is refers as number of shares legally permitted to offer to investors. It also helps to decide how many of shares are available to issue to investors.
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What is a pain point of operations as a Freelancer that Fiverr helps alleviate?
Answers
The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.
What are financial constrain?This is known to be when a person or firm lacks money to run their basic activities.
Note that Fiverr has eliminate the stress of looking for a job and as such, The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.
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S
Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average meth-
costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of
in the Cleaning Department during July are presented below:
Work in process inventory, July 1
Work in process inventory, July 31
Pounds of
Salmon
31,000
19,000
Equivalent units of production
Percent Completed
Labor and
Materials
Materials. Overhead
100%
100%
A total of 460,000 pounds of salmon were started into processing during July. All materials are added at the begin
in the Cleaning Department.
Required:
Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the
59%
80%
Labor and
Overhead
Answers
The equivalent unit of production for materials would be 5,10,000 and for labor & overhead would be 4,93,490.
What is an equivalent unit of production?An equivalent unit of production is the amount of work done by a manufacturer on the units of output that are partially completed at the end of an accounting period.
Solution:-
Material Labor & overhead
Work in process, July 1
31,000* 100% 31,000
31,000* 59% 18,290
Units started and completed 460,000 460,000
Work in process, July 31
19,000* 100% 19,000
19,000* 80% 15,200
Equivalent unit of production 5,10,000 4,93,490
For calculating equivalent unit of production, multiply the number of physical items by the percentage of the work done on them.
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Defendant Mcpherson owned property adjacent to the first presbyterian church and wanted to build a gas station on the property. The church sued arguing that the operation of the station would constitute a nuisance. The lower court found that the unusual noises emanating from the station would interfere with the church’s operation to such a an extent that it would be a nuisance and therefore granted the pre permanent injunction. On appeal do you believe the injunction was upheld why or why not ?
Answers
The court did not uphold the injunction because the property on which Mcpherson wants to build the Gas station that belongs to Mcpherson has the right to build a gas station on that so Mcpherson challenged this decision any upper court.
What is an Injunction?
An injunction is a legal order requiring a person or entity to either cease doing or else start doing some specific action or task.
Thus, in this case, Mcpherson can challenge the lower court's decision in the upper court that prevents him from making a gas station on land that belongs to him.
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The federal government has enacted laws which allow you to ______.
a.
Apply for credit cards without revealing personal information
b.
Establish a personal identity lockbox to protect your information
c.
Restrict the way your personal information is shared.
d.
None of the above
Answers
The federal government has enacted laws which allow to restrict the way your personal information is shared. Therefore option (C) is correct.
What is Federal Government?Federal Government refers to the division of the power among the legislative, executive and judicial. The U.S. Constitution gives the Congress, President, and Federal courts specific powers.
The ability to limit the sharing of personal information is permitted under legislation that the federal government has passed. Therefore, choice (C) is the right one.
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Mr. Ananta Jalil has received a job offer from a large investment bank as an assistant to the vice
president. His base salary will be $35,000. He will receive his first annual salary payment one year from
the day he begins to work. In addition, he will get an immediate $10,000 bonus for joining the company.
His salary will grow at 4 percent each year. Mr. Jalil is expected to work for the next 5 years. What is the
present value of the offer if the discount rate is 12 percent?
[Hints: Mixed cash flow]
Answers
The present value of the offer is $145,466.83
What is the present value?The first step is to determine the present value of the growing annuity. The formula that would be used is:
[tex]\frac{P}{r - g}[/tex] x [tex][1 - \frac{1 + g}{1 + r} ^{n} ][/tex]
Where:
p = base salary r = discount rate g = growth raten = number of years$35,000 / (0.12 - 0.04) = 437,500
1 - (1.04/0.12)^5 = 0.31
0.31 x 437,500 = $135,466.83
Present value = $135,466.83 + $10,000 = $145,466.83
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What was the opening price of Dow Jones Industrial Average on May 16, 2017 in the format of XXXXX.XX?
Answers
The Opening price of the Dow Jones Industrial Average on May 16, 2017, in the format of XXXXX.XX was 20,984.48.
The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States.
So, Dow Jones was 20,984.48 on May 16, 2017.
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What's the key difference between term life insurance and straight-life insurance?
The value of a term life insurance policy may go up or down, but the value of a
straight-life insurance policy is always constant.
Term life insurance is cheaper than straight-life insurance, but it cannot be
renewed.
Term life insurance has no cash value at the end of the term it's bought for.
Term life insurance is generally more expensive than straight-life insurance, but
it generally offers much more.
Answers
The main difference between term life insurance and straight-life insurance is Term life insurance has no cash value at the end of the term it's bought for.
What is term life insurance?This is a life insurance policy that allows you to cover our life for a period of time. It is often cheaper than the straight-life insurance policy.
Term life insurance has a drawback however which is that it has no cash value at the end of the term. The insurance company will simply take all the cash that one has paid and give nothing back.
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Assess critically the relevance of scientific management to present-day organizations. Illustrate your answer with reference to existing organization in your area To what extent is there anything positive to be said for bureaucratic structures? Select a large-scale organization of your choice and suggest ways in which it displays characteristics of a bureaucracy What are the main conclusions that can be drawn from the Hawthorne experiments? Discuss critically the relevance of these experiments for management and organizational behavior today Evaluate the application of the systems approach to the analysis of work organizations. Suggest an example of a work situation in which the systems approach might be appropriate
Answers
Scientific management influences current organizations by emphasizing the rational organization of work and the need for employee selection and training.
What is scientific management?It is a theory proposed by Taylor on the rationalization of work through the study of time, to generate greater optimization of spaces, movements and standardization in the organization, increasing the systematization of the processes that would generate the ease in the execution of the work, the reduction of time and waste.
Therefore, current organizations are influenced by scientific management due to the appreciation of human capital in the competitive environment, with the need for employee specialization and training to maintain innovation and market positioning.
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Total quality management nike
Answers
Answer:
babytron solos
Explanation:
babytron better
Understanding that business organizations can be extremely diverse, identify and explain management strategies to promote motivation and communication
Answers
Some management strategies to promote motivation and communication are encouraging group work and having effective communication channels.
Why are motivation and communication important?These two elements make sure employees give the best of themselves and can report/solve problems efficiently.
How to promote these elements?Some strategies that can be used are:
Group work: If employees work together in projects they are more likely to communicate; also, this increases motivation as work is shared.Communication channels: This makes employees they can easily and effective communicate with subordinates, colleagues and superiors in different situations.Learn more about communication in: https://brainly.com/question/22558440
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As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors
you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Answers
Some factors to consider when managing a multicultural and diverse workforce are:
CommunicationEthicConflict managementLearningInclusionHow to manage a multicultural team?It is essential that there are a series of policies and procedures that focus on organizational ethics, creating a culture that promotes diversity and individual values. The manager must be attentive to the needs of the teams, promoting learning and the inclusion of employees in organizational processes.
Therefore, a diverse culture can be beneficial for the exchange of experiences, learning and innovation.
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Guji company had the following amounts of assets and liabilities at the beginning and end of last year:
Assets Liabilities
Beginning of the year………………Br.75,000 Br. 30,000
End of the year….……………………120,000 46,000
Determine the net income or net loss of Guji for the year under each of the following unrelated assumptions:
Owner made no additional investment and withdrew no amount during the year
Owner made no additional investment but withdrew Br.17,500 to pay for her personal expenses
Owner withdrew no amount during the year but made additional investment of Br. 32,500 cash.
Owner withdrew Br.17,500 and invested Br.25,000 cash during the year.
Answers
$32300 is the net income of Guji for the year under each of the following unrelated assumptions.
Explanation:Total assets=Total liabilities +Total equity
Beginning equity=(231,000-96500)=$134500
Ending equity=(262,000-78400)=$183600
Ending equity=Beginning equity+Issue of common stock+Net income-Dividends
183600=134500+23500+Net income-6700
Net income=(183600+6700-134500-23500)
=$32300.
Thus, $32300 is the net income.
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What is a metric when it comes to data analysis? Please provide a definition.
Answers
Answer:
Metrics are the numbers you track, and analytics implies analyses and decision making. Metrics: What you measure to gauge performance or progress within a company or organization. Your most important metrics are your key performance indicators, or KPIs.
Explanation:
Argue why are Treasury bills a favorite place for financial managers to invest excess cash, as compared to other options? Your answer must be supported with examples and academic citations.
Answers
Treasury bills are a favorite place for financial managers to invest excess cash because of the sizable and vibrant market in which they are traded.
What are treasury bills?Treasury bills are referred to as short-term securities issued by the government when they require cash. In comparison to their face value, bills are offered at a discount.
As a result, the investor can choose any term from one day to a year, literally defining the desired maturity. Maximum liquidity is offered by the "T-bill" market, which may take on practically any volume of activity.
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punishments help comfort your behavior right
Answers
Answer:
true isthe answer
Clarifying Culture: Did Johnson clarify his values and the company’s values in his apology and with his subsequent actions? Did Johnson’s apology and follow-up actions uphold Starbucks’ mission and core values? Did he identify gaps between stated and actual values? Did Johnson’s apology help Starbucks employees figure out if their personal values align with the company’s?
Answers
With the apology of Mr. Johnson, he showed that the actions of the police were wrong and did not reflect company values.
What are Company Values?This refers to the set of ethics that a company has and abides by that helps them keep discipline among staff and achieve their set goals.
Hence, we can see that from the complete information, there is a scandal at Starbucks where two black men have led away from the premises because of their race.
The CEO of Starbucks, Mr. Kevin Johnson immediately apologized and stated that the action was unfortunate and did not in any way reflect the company values of Starbucks as everyone was welcome.
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Which of the following is an example of a financial asset?
A. Cash
B. Accounts receivable
C. Goodwill
D. An ordinary share
Answers
Answer:
A. cash
Explanation:
cash is used in finance
On January 1, 2016, Flathound Properties received $22,800 from a tenant as rent for all of 2016. What journal entry would Flathound Properties make at the end of January 2016 to show that one month of service had been provided?
Answers
In order to show that one month of service has been provided, Flathound Properties should both Debit Deferred Revenue and Credit Revenue for $1,900.
What is the journal entry for a month of service?The $22,800 is for the whole year so we need to find the monthly rent:
= 22,800 / 12
= $1,900
This amount will be credited to Revenue to show that Flathound Properties has earned it for rental services provided. It will also be debited to Deferred Revenue.
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Describe a specific example of how social networking sites can communicate a positive image of a person to a potential employer.
Answers
Answer:
1. Visibility
2. Networking
3. Opportunity
Explanation:
1. Visibility
People searching for jobs can market themselves online by creating online profiles that highlight any skills or special talents and making themselves easily searchable to recruiters and companies.
2. Networking
By making themselves visible online, people have the opportunity to network with others in their field on a global level opening up endless possibilities for themselves.
3. Opportunity
Using social media creatively can give a person an opportunity in a new field that may not be reflected in their resume. (Ex: a person would like to be a product designer but spent their career as an accountant can show off their skills in their professional profile).
What makes a good manager
Answers
Describe the agencies that ensure properties abide by regulations.
Answers
The agencies that ensure properties abide by regulations are known as regulatory agencies.
What are regulatory agencies?It should be noted that regulatory agencies are the independent governmental agencies that are established in order to set standards in a specific field.
In this case, the agencies that ensure properties abide by regulations are known as regulatory agencies.
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What is supply and demand?
Answers
Answer:
Supply and demand is an interection between the sellers of a product and the people who want to buy that product. Price is affected by supply and demand in a market. Supply and demand is affected by technology and working conditions.
Demand and supply can be graphed to calculate the best price for a product. The space where the 2 lines meet is the equilibrium price.
_______ is a type of a multinational corporation that centralizes its management and other decisions in the home country.
a.
Multidomestic Corporation
b.
Multinational Corporation
c.
All of the above
d.
Global economy
Answers
Answer: Global Company
Explanation:
A Global Company is a type of multinational corporation that centralizes its management and other decisions in the home country.
None of these answers are correct. However, I will assume you accidentally wrote "global economy" instead of "global company" because global company is actually the answer.
