Lacoste t-shirts come with an average price of $ 120 a piece, at their factory outlet...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Lacoste t-shirts come with an average price of $ 120 a piece, at their factory outlet with a std. deviation of $ 17. But at the Seasonal Sale (Discount) outlets of these t- shirts, it was also drawing good crowds where the average price, after discount, was $ 75 and std deviation of $ 16. (Assume the distributions are both Normal). Three specific segments of customers can be expected to form, as a result. One below the lowest price tag of the factory outlet (segment-1), one above the uppermost price level of the Seasonal Sale (segment-11) and the third (segment-III) in between. If the market size of this brand Lacoste was decided at 22,000 pieces at the factory outlets and another 28,000 pieces for Seasonal Sale, how many pieces of t-shirts (out of this total of 50,000 pieces) can actually be ascertained for each of the above three market segments? Hint: Some pieces will be picked by consumers only at factory outlets. Some by customers only at Season sale. The remaining can be picked up by customers in both markets. Draw appropriate diagrams and clearly illustrate decision making zones. Lacoste t-shirts come with an average price of $ 120 a piece, at their factory outlet with a std. deviation of $ 17. But at the Seasonal Sale (Discount) outlets of these t- shirts, it was also drawing good crowds where the average price, after discount, was $ 75 and std deviation of $ 16. (Assume the distributions are both Normal). Three specific segments of customers can be expected to form, as a result. One below the lowest price tag of the factory outlet (segment-1), one above the uppermost price level of the Seasonal Sale (segment-11) and the third (segment-III) in between. If the market size of this brand Lacoste was decided at 22,000 pieces at the factory outlets and another 28,000 pieces for Seasonal Sale, how many pieces of t-shirts (out of this total of 50,000 pieces) can actually be ascertained for each of the above three market segments? Hint: Some pieces will be picked by consumers only at factory outlets. Some by customers only at Season sale. The remaining can be picked up by customers in both markets. Draw appropriate diagrams and clearly illustrate decision making zones.
Expert Answer:
Answer rating: 100% (QA)
To solve this problem we need to find the number of pieces of Lacoste tshirts that can be ascertaine... View the full answer
Related Book For
Financial Management Theory and Practice
ISBN: 978-0176517304
2nd Canadian edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
Posted Date:
Students also viewed these economics questions
-
What type of business is S. G. Cowen? How is this firm different from the other financial firms? How systems and operations of financial firms are different from other types of businesses - say...
-
Ann Carter, Chief Financial Officer of Consolidated Electric Company (Con El), must make a recommendation to Con Els board of directors regarding the firms dividend policy. Con El owns two...
-
Comparative financial statements of the Boeckman Company for 2009 and 2010 are as follows: Comparative Balance Sheets Comparative Income Statements Additional information: The Boeckman Company is...
-
1. Using ERG theory, explain the reasons for the situation described in the case. Existence needs (E): Relatedness needs (R): Growth needs (G): 2. Using expectancy theory, explain the reasons for the...
-
The magnetic field component of a plane wave in a lossless dielectric [is H = 30 sin (2 X 10 8 t 5x) a z mA/m (a) If r = l. find r .. (b) Calculate the wavelength and wave velocity. (c) Determine...
-
Describe the differences between civil law and criminal law. What is the purpose of criminal law? What is the purpose of civil law?
-
Green Mountain Financial Inc. was organized on February 28, 2014. Projected selling and administrative expenses for each of the first three months of operations are as follows: March ........ $...
-
Men Conference Ltd has an authorized share capital of 60,000,000 ordinary shares of Sh. 10 each and 500,000 shares of Sh. 50 each. The following trial balance of the company was extracted as at 31.12...
-
Show that the probability that the period of f(x)=a x mod M is odd is at most 1/2.
-
Write a paper on the ethical dilemma police force in the criminal justice system. Prove the existence of the dilemma and a solution to the dilemma.
-
The variable cost ratio can be defined as: a. variable costs divided by profit. b. variable costs divided by contribution margin. c. variable costs divided by sales. d. variable costs divided by fixed
-
How does the journal help prevent and locate errors? O It provides a list of accounts in balance sheet order. O It provides groupings of similar types of transactions. O The debit and credit amounts...
-
Fahrenheit to Celsius using multiple statements Given a Fahrenheit value temperature Fahrenheit, write a statement that assigns temperature Celsius with the equivalent Celsius value. While the...
-
Question 5 (a) The current market price of a three-month European put option on a non-dividend paying stock with a strike price of 43 is 5.50. The stock price is 45.00, and the risk-free interest...
-
Explain how the activities relate to processes and the development of a software system for either enhancement or new deployment in an organization. Be sure to provide an example of a software system...
-
Explain how mixed methods can be used in business research?
-
A copper rod of length L =18.0 in is to be twisted by torques T (see figure) until the angle of rotation between the ends of the rod is 3.08. (a) If the allowable shear strain in the copper is 0.0006...
-
The Lee Corporation's forecasted 2012 financial statements follow, along with some industry average ratios. a. Calculate Lee's 2012 forecasted ratios, compare them with the industry average data, and...
-
a. Provide a brief overview of capital structure effects. Be sure to identify the ways in which capital structure can affect the weighted average cost of capital and free cash flows. b. (1) What is...
-
a. What is a financial option? What is the single most important characteristic of an option? b. Options have a unique set of terminology. Define the following terms: (1) Call option; (2) Put option;...
-
As the Internet continues to grow in its business influence, it is increasingly being used for applications that were formerly client/server based applications. What are some of the similarities in...
-
Fill in the blanks for the following statements: a. Source documents should be portioned into different zones for data, data, and depending upon the system inputs and reviewing form, for data that...
-
Why does the free-rider problem occur in the debt market?
Study smarter with the SolutionInn App