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tino4ka555
2 months ago
13

You work in the marketing research department of Burger King. Burger King has developed a new cooking process that makes the ham

burgers taste better. However, before the new hamburger is introduced in the market, taste tests will be conducted. How should the sample size for these taste tests be determined? What approach would you recommend? Justify your recommendations to a group of students representing Burger King management
Business
1 answer:
marusya05 [3.7K]2 months ago
8 0

Answer with its Explanation:

The initial step is to ensure a diverse sample size that incorporates individuals from various cultures, geographic locations, religions, genders, and more, aiding in the optimal assessment of the product's market viability.

The second step involves determining a sample size to gather customer feedback within the required confidence interval that Burger King aims for. For instance, if Burger King targets a 93% customer satisfaction rate, the acceptable error margin can be established using the confidence interval. This sample size will be derived using a practical methodology.

The third step ensures that prediction errors remain reasonably low by implementing a practical method, confidence interval strategy, and diverse test samples. Altogether, this will provide the company with reliable data for informed decision-making.

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The steam requirements of a manufacturing facility are being met by a boiler whose rated heat input is 5.5 × 106 Btu/h. The comb
marusya05 [3725]

Solution:

Given Information,

Heat input = ( Q_{in} ) = 5.5 × 10^{6} Btu/h

Efficiency of combustion for the boiler (n_{furnance}) = 0.7

Efficiency after adjustments (n_{furnance,now}) = 0.8

Operating Hours (t) = 5200h

Unit cost (c) = \frac{23 dollar}{10^{6}Btu }

Calculate heat output from the boiler Q_{out} = Q_{in} x n_{furnance}

= 5.5 x 10^{6} x 0.7

= 3.85 x 10^{6} Btu/h

Now determine the heat input after the upgrade

(Q_{in} ){new} = Q_{out} / (n_{furnance} ){new}

= 3.85 x 10^{6} / 0.8

= 4.8125 x 10^{6} Btu/h

Calculate the energy conserved post-tuning

(Q_{in} ){saved} = Q_{in} - (Q_{in} ){new}

= 5.5 x 10^{6} - 4.8125 x 10^{6} Btu/h

= 0.6875 x 10^{6} Btu/h

Calculate the yearly energy savings ( E_{Saving} )

E_{Saving} = (Q_{in} ){saved} x t

= ( 0.6875 x 10^{6} Btu/h ) ( 5200 hr/yr)

= 3575 x 10^{6} Btu/h

Lastly, calculate the annual cost savings

Annual savings = E_{Annual saving} x Unit cost

= 3575 x 10^{6} Btu/h x \frac{23 dollar}{10^{6}Btu }

= 82225

4 0
2 months ago
A fast-growing form of foreign direct investment is sovereign wealth funds (SWFs). Why do these investments by governments with
stepan [3596]

Solution:

Larger companies can gain control over natural resources.

Justification:

Governments investing with surplus cash flows raise concerns for trade specialists because such investments could enable large corporations to take charge of a nation's natural resources, as well as sensitive technologies and the management controls related to these assets.

In general,

sovereign wealth funds (SWFs) are government-sponsored investments aimed at enhancing the economy and benefitting a nation and its citizens, although a rapid increase in these foreign direct investments from SWFs may negatively impact the country's citizens and the resources available to the nation.

5 0
1 month ago
You have marked off your shop floor in a grid of 1 foot squares and labeled them with Cartesian coordinates. To perform one task
harina [3808]

Answer:

idk sry have a good day

Explanation:

8 0
2 months ago
The ​ S&P 500 index delivered a return of 10​%, 15​%, 15​%, and −25​% over four successive years. What is the arithmetic ave
Scilla [3833]

Answer: The average annual arithmetic return is 3.75%.

Explanation:

Year 1 = 10%

Year 2 = 15%

Year 3 = 15%

Year 4 = -25%

Total return = 15%

The arithmetic average annual return is calculated as (Year 1 return + Year 2 return + Year 3 return + Year 4 return) / 4 = 15% / 4 = 3.75%.

5 0
2 months ago
Consider the table. Mother Nature Tlaloc Bob Value of sales ($) 2750 7750 20000 Dirt ($) 0 2750 0 Bricks ($) 0 0 7750 Wages ($)
Free_Kalibri [3773]

Answer and Explanation:

Here is the breakdown:

1. For the contribution to Mother Nature

This corresponds to sales amounting to $2,750

2. Regarding Tlaloc's value-added

It equates to

= $7,750 - $2,750

= $5,000

3. For Bob’s value added

It corresponds to

= $20,000 - $7,750

= $12,250

This process applies equally to all three.

3 0
2 months ago
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