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What are examples of variables that follow a binomial probability distribution? What are examples of variables that follow a Poisson distribution? When might you use a geometric probability?
Calculate the control limits for a c chart when Ubar = 3.0%, n = 60, and you collect one sample per hour for 40 hours of production. (2 sets of control limits required, x bar and range)
Reynolds Electronics accepts a lot from a particular supplier if the defective components in the lot do not exceed 1%. Suppose a random sample of five items from a recent shipment is tested.
Assume the least squares equation is Y' = 10 + 20X. What does the value of 20 indicate?
Design a Linear programming problem for the flair Furniture Company and find the combination of tables and chairs that the company must produce to maximize profits.
The U.S. Congress enacted legislation in 2005 authorizing Block Grants to cities as part of an Anti-Crime initiative. The grant monies are to be used to hire additional police officers for conducting beat patrols in high crime areas.
For a population with a mean of (u)=50 and a standard deviation of (o)=10, how much error on average would you expect between the sample mean (M) and the population mean for the following samples
Plot the data on U.S. general aviation shipments (b) Describe the patterns and discuss possible causes.(c) Would a fitted trend be helpful? Explain. (d) Make a similar graph for 1992-2003 only.
Adele Weiss manages the campus flower shop. Flowers must be ordered three days in advance from her supplier in Mexico. Advance sales are so small that Weiss has no way to estimate the demand for the red roses.
Determine the probability that the project will be completed in 90 days or less.
Let us speek where the preceding data are representative of the entire sector of retail sales companiesSuppose the annual profits are more than 6.5 thousand $ every employee.
To be 99% sure that we will not be late in completing the project, what is the requested completion time in work-days?
Four components of a time series are secular trend, cyclical variation, seasonal variation, and irregular variation (Lind, 2005). Briefly describe each of these components and provide a real-world example of one component.
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