Here is a summary of the results so far for the three divisions.
The EAST is a tight race, with all firms clocking positive returns and the picture could change any week.
In the CENTRAL division, two teams are up top, but a third is in the black. The Lions need to assess what they are doing wrong.
The WEST division is really close among three teams who are battling it out for the top earnings. The Saints are in the red, but not out of the race yet, at least for higher than last.
Posted in Logistics
Guess what! There was an error in my answer key for our second midterm Exam 2, on question 3. It was on the question about the average number of weeks people are unemployed in a simple economy. Congratualtions to Nick Doidge for finding the mistake and bringing it to my attention. It is important because you will need to know this way of computing averages.
3) In an economy of 100 people in the labor force, if 10 people are unemployed for 4 weeks during the year, and 30 people are unemployed for 8 weeks during the year, and the rest are employed continuously throughout the year, then the average duration of unemployment in this economy is:
A) 4 weeks B) 7 weeks C) 8 weeks D) 20 percent E) 40 percent
Answer: B Learning Objective: Duration Level of Learning: Application Type: Word Problem Source: Unique
This answer is wrong, courtesy of Nick Doidge. The correct answer is 2.8 weeks.
(.1)*4 + (.3)*8 + (.6)*0 = 2.8 weeks.
Posted in Macroeconomics
Thought you’d be interested in the stem and leaf for the exam, both sections. Here it is. Note averages in the high seventies, not bad.
Posted in Logistics
Supply Chain Digest Port Technology International Marine Link
Supply Chain and Logistics 