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A cell phone service provider has selected a random sample of 20 of its customers in an effort to estimate the mean number of minutes used per day. The results of the sample included a sample mean of 34.5 minutes and a sample standard deviation equal to 11.5 minutes. Based on this information, and using a 95 percent confidence level:
The critical value is t = 2.093
The critical value is z = 1.645
The critical value is z = 1.96
The critical value can't be determined without knowing the margin of error.
What can the computer do to help with modern assembly-line planning? How might simulations be used?
Build alternative courses of action for your business problem statement and objectives from last week's discussion posting. You may change your scenario; however, this will entail more work.
A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8 per stone for quantities of 600 stones or more, $9 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry ..
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Discuss several advantages of using the M/M/1 waiting line queuing model. Clearly explain the reasons for your choices.
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