Invading Privacy of Celebrities Essay Example for Free

Invading Privacy of Celebrities Essay Most actors/actresses feels that press are invading their private lives and their not happy about it. . Perhaps, the main reason is because celebrities are considered as public figure. Being seen in the television and newspapers frequently they should set as good example to other people. The press should have limitations on what theyre showing to the people. If they discover that one actress is pregnant its the right of the person whether to deny or tell the truth. Then, you respect the actress and they will not be offended. Following that, reporters job is to reveal an expose pertaining to a famous personality. When they discover a scoop regarding a certain celebrity they should clarify it to the person involve instead of making up stories to make it more interesting for public to hear. In that way theyre being fair enough to the celebrity and at the same way to the people who will watch or read their stories. . In addition, almost all known person in the industry they dont want their families to be involved in their issues. Press and media should tackle only on the artist not on their families. Because they are hurt with the fact that they are the celebrity and yet even their loved ones will be affected and suffers when critics eyes are on them. In that way they will not feel that their lives are intruded by press people. . To sum up, there are range of options available so that celebrities will not say that media are not respecting their privacy. Its just a matter of understanding one another to achieve what they want.

Revolutionary War Heroes :: essays papers

Revolutionary War Heroes There were many great men in the past who have contributed greatly to the growth prosperity and independence to this country. These historical figures include such men as Benjamin Franklin and Thomas Jefferson. These men served their country as revolutionary war leaders and helped American to become the free and just country it is today. Benjamin Franklin, born January 17, 1706, was the 10th son, and 15th child, of 17 children in the Josiah Franklin family. Josiah was a soap and candlemaker, who lived in Boston, Massachusetts with his second wife, Abiah Folger. Although Franklin learned to read at an early age, he only attended grammar school for two years. By the time he was 10 years old, Franklin was working for his father. However, he didn’t enjoy the candlemaking profession, and two years later, Franklin was apprenticed to his brother James, a printer. For five years, Franklin sought to master the printers' trade. During this time, he also strove to improve his education. Franklin read numerous classic novels and perfected his writing style. One night, Franklin slipped a letter, signed "Silence Dogood," under the door of his brother's newspaper, the New England Courant. That letter and the next 13 written by Franklin were published anonymously. The essays were widely read and acclaimed for their satire. In 1723, at age 17, Franklin left for Philadelphia. He got employed at a printing job in London, learning many important skills. He came back to Pennsylvania and had by 1730 become owner of a printing business. This is where Franklin published his first official literary work, The Pennsylvania Gazette. In 1731, Franklin founded what is considered the first public library. During the next several years, Franklin was responsible for establishing the first fire department, a police force, and the Academy of Philadelphia, which became the University of Pennsylvania. In 1732, Franklin began compiling and publishing the annual Poor Richard's Almanac. With its homely virtues, it attracted a large amount of people interested in his work and made Franklin's name a household word. Franklin had gotten involved in politics and represented Pennsylvania at the Albany Congress in 1754, called in response to the French and Indian Wars. In 1757, Franklin was sent to England to petition the king for the right to levy taxes. He remained in England for the next five years, and in that time he obtained permission for Pennsylvania to tax the estates of its proprietors, successfully repealed the Stamp Act, and represented the voice of several colonies. He befriended powerful British political leaders and wrote political satires and pamphlets on public affairs, helping keep the colonies informed on foreign affairs.

Statistics: Practice Problems Solutions

1. (24 points) If needed, additional workspace is provided on the next sheet. Doug Moodie is the president of Garden Products Limited. Over the last 5 years, his vice president of marketing has been providing the sales forecast using his special â€Å"focus† forecasting technique. The actual sales for the past ten years and the forecasts from the vice president of marketing are given below. Year |Sales |VP/Marketing Forecast | |1 |170,300 |– | |2 |168,250 |– | |3 |165,700 |– | |4 |169,000 |– | |5 |168,000 |– | |6 |167,300 |170,000 | |7 |175,250 |170,000 | |8 |172,500 |180,000 | |9 |156,700 |180,000 | |10 |176,300 |160,000 | Doug wonders if perhaps a weighted moving average or an exponential smoothing approach to forecasting might be better than having the vice president of arketing prepare the forecast. Doug wants to evaluate a two-period weighted moving average with weights of 0. 7 and 0. 3 for the most recent and next most recent p eriods. He also wants to evaluate the exponential smoothing with an ? = 0. 3 and a starting forecast for period 6 of 168,000 units. a) Which of the three methods (weighted moving average, exponential smoothing and VP/Marketing) provides the best forecasting method if you were to evaluate these methods for their forecasting accuracy for Years 8 through 10. Use one of the evaluation methods we have discussed. See next page b) In part a) we identified which is the best method of those three methods.However, would you recommend using this method for forecasting sales for Year 11? Why or Why not? See next page c) What would be the forecast for Year 11 using both the weighted moving average and the exponential smoothing methods? See next page [pic] 2. (23 points) Lake Charles Seafood makes 500 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. The marketing department has advised that demand has increased so that 650 wooden boxes for fresh seafood are required daily. Due to higher demand, plant managers are considering operating three 8-hour shifts instead. Productivity is measured in terms of boxes produced per hour worked. ) Calculate the productivity of the operation for the two-shift operation producing 500 boxes. 500/20 = 25 boxes per hour b) Calculate the productivity of the operation for the three-shift operation producing 650 boxes. 650/24 = 27. 08 c) Using the two-shift operation as the base, calculate the percentage difference between the two-shift operation and the three-shift operation as described in parts a) and b). (27. 08-25)25 = 1. 083 or an increase of 8. 3% d) Now suppose that the plant managers want to be able to produce the 650 boxes but only use two 10-hour shifts. What must the productivity be to achieve this production output? 650/20 = 32. 50 boxes per hour ) If the company believes that to be competitive if it is to produce 650 wooden boxes, the company must reach a productivity measure of 40 boxes per hour. What are the maximum hours a day the company can work? 650/x = 40 X = 16. 25 hours 3. (19 points) Additional workspace is provided on the next page. Students in a science class have just received their grades on the first test. The instructor has provided information about the first test grades in some previous classes as well as the final average for the same students. Some of these grades have been sampled and are as follows: Student |1 |2 |3 |4 |5 |6 |7 |8 |9 | |1st Test Grade |98 |77 |88 |80 |96 |61 |66 |95 |69 | Final Average |93 |78 |84 |73 |84 |64 |64 |95 |76 | |You are also provided the results from several different linear regression relationships for the above data. These provide different regression relationships looking at different combination of independent and dependent variables. [pic]a) Develop a linear regression model that can be used to predict the final course average based on the first test grade. [pic] b) Predict the final average of a student who made an 83 on the first test. [pic] c) Would you recommend using this relationship for forecasting the final averages? Why? Also, explain how strong the relationship is between these two variables. [pic] d) Suppose a student scored a 38 on the first test. Predict the final average of a student who had this score?What cautions would you recommend about using the linear regression relationship for predicting a final average? [pic] 4. (18 points) David Upton is president of Upton manufacturing, a producer of Go-Kart tires. Upton makes 1,000 tires per day with the following resources: Labor:400 hours at $12. 50 per hour Raw Material:20,000 pounds per day at $1. 00 per pound Energy:$5,000 per day Capital:$10,000 per day a) What is the labor productivity for these tires at Upton Manufacturing expressed per labor hour? Labor productivity = 1000 tires/400 hours = 2. 5 tires/hour. b) What is the multi-factor (total factor) productivity expressed per dollar? Original Multifactor productivity is 1000 tires/(40 0 ? $12. 50 + 20,000 ? $1 + $5,000 + $10,000) = ,000 tires/$40,000 = 0. 025 tires/dollar. c) What is the percent change in the total factor productivity if Upton can reduce the energy bill by $1,000 without cutting production or changing any other inputs? Original Multifactor productivity is 1000 tires/(400 ? $12. 50 + 20,000 ? $1 + $5,000 + $10,000) = 1,000 tires/$40,000 = 0. 025 tires/dollar. Revised Multifactor productivity changes from 1,000/40,000 to 1,000/39,000, or from 0. 025 to 0. 02564 The ratio is 1. 0256, so the change is a 2. 56 percent increase. 5. (16 points) a) Briefly discuss two ways that operations management can provide a company with a competitive advantage. 8 points Open-ended answerSupports the other functions, delivers what is promised to the customer; provides a competitive advantage; provides a low cost option; plan and execute the production and delivery of the firm’s goods and services; Ops Mgt is defined as the design, operation, and improvement o f the systems that create and deliver the firm’s primary products and services. b) Briefly discuss two of the major issues that are facing operations management staff in the current business environment. 8 points Open-ended answer Global challenge, automation and technology, commoditization of the supplier, coordinating the relationships between mutually supportive but separate organizations, optimizing global supplier, production, and distribution networks, increased co-production of goods and services, managing customer touch points, raising senior management awareness of operations as a significant competitive weapon.

What Is A Cost Function

A cost function is a function of input prices and output quantity whose value is the cost of making that output given those input prices, often applied through the use of the cost curve  by companies to minimize cost and maximize production efficiency. There are a variety of different applications to this cost curve which include the evaluation of marginal costs  and sunk costs.   In economics, the cost function is primarily used by businesses to determine which investments to make with capital used in the short and long term.   Short-run Average Total and Variable Costs To account for the business expenses related to meeting the supply and demand model of the current market, analysts break short-run average costs into two categories: total and variable. The average variable cost model determines the variable cost (typically labor) per unit of output wherein the wage of the laborer is divided by the quantity of output produced.   In the average total cost model, the relationship between the cost per unit of output and the level of output is depicted via a curve graph. It uses the unit price of physical capital per unit time multiplied by the price of labor per unit time and added to the product of the quantity of physical capital used multiplied by the quantity of labor used. The fixed costs (capital used) are stable in the short-run model, allowing for fixed costs to decrease as production increases depending on labor used. In this way, companies can determine the opportunity cost of hiring more short-term laborers.   Short- and Long-run Marginal Curves Relying on the observation of flexible cost functions  is pivotal to successful business planning in regards to market expenses. The short-run marginal curve depicts the relation between incremental (or marginal) cost incurred in the short-run of production as it compares to the output of product produced. It holds technology and other resources constant, focusing on the marginal cost and level of output instead. Typically the cost starts high with low-level output and dips to its lowest as output increases before rising again toward the end of the curve. This intersects the average total and variable costs at its lowest point. When this curve is above the average cost, the average curve is seen as rising, if the opposite is true it is seen as falling. On the other hand, the long-run marginal cost curve depicts how each output unit relates to the added total cost incurred over a long run — or the theoretical period when all production factors are considered variable to minimize long-term total cost. Therefore, this curve calculates the minimum a total cost will increase per additional output unit. Due to cost minimization over a long period, this curve typically appears more flat and less variable, accounting for the factors that help mediate a negative fluctuation in cost.