Customers at a gas station pay with a credit card (a), debit card (b), or cash (c). assume that successive customers make independent choices with p(a) = 0.6, p(b) = 0.3, and p(c) = 0.1. (a) among the next 100 customers, what are the mean and variance of the number who pay with a debit card? mean customers variance customers2 explain your reasoning. because we are interested in whether or not a debit card was used, we can use the binomial distribution. x = the probability that a customer used a debit card. because we are interested in whether or not a debit card was used, we can use the binomial distribution. x = the number of customers who use a debit card. because we are interested in whether or not a debit card was used, we can use the binomial distribution. x = the number of customers at the gas station. (b) answer part (a) for the number among the 100 who don't pay with cash. mean customers variance customers2

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.