MGT 201 S. For Platinum Nugget Hotel in Las Vegas, Saturday is the best day of t
ID: 331275 • Letter: M
Question
MGT 201 S. For Platinum Nugget Hotel in Las Vegas, Saturday is the best day of the week for business. The gambling take for the hotel on Saturdays over the past four weeks was: WeekTake S250,000 $190,000 $300,000 S280,000 Using a moving average with n 3, what would the forecast be for week number 5? a. $246,667 b. $256,667 c. $255,000 d. $284,667 e. None of the above 6. A company needs to produce 400 units per day (the day is defined as 12 hours of production). There are 3 tasks to be completed with a total task time for all 3 tasks of 6 minutes. Theoretically, the company should have: a. 2 workstations b. 3 workstations c. 4 work stations d. 5 workstations e. 6 workstations Alpha Company sold 2,000 widgets yesterday. It has forecasted sales of 1,900 units. Using exponential smoothing with a smoothing constant of 0.6, what is the forecast for today's sale of widgets? 7. a. 1,900 b. 2,060 c. 1,940 d. 2,040 e. None of the above Which of the following is true about MAD? a. the smaller its value the more accurate the forecast b. it is used in the computation of the tracking signal c, it can be positive or negative d. a &b; e. a, b & c 8.Explanation / Answer
Please find below answers to all questions :
= ( Actual for week 2 + Actual for week 3 + Actual for week 4 ) / 3
= ( $190,000 + $300,000 + $280,000 ) / 3
Theoretical number of workstations
= Total duration of all 3 tasks / Required cycle time
= 6 / 1.8
= 3.33 ( 4 rounded to nearest whole number )
ANSWER : C ) 4 WORKSTATIONS
= exponential smoothing constant x Actual sales of yesterday + ( 1 – exponential smoothing constant) x Forecast for yesterday
= 0.6 x 2000 + 0.4 x 1900
= 1200 + 760
= 1960
ANSWER : e ) NONE OF THE ABOVE
Tracking signalcan be termed as ratio of Sum of errors of all data divided by MAD. Therefore it is true that “ b. It is used in the computation of tracking signal “
Therefore correct answer would be“ d. a and b “
ANSWER : d) a & b
ANSWER : C ) 4 WORKSTATIONS
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