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This is your lucky day. You have just won a $10000 prize. After setting $4000 aside for taxes and partying expenses, but you have decided to invest the other $6000. Upon hearing this news, two different friends have offered you an opportunity to become a partner in two different entrepreneurial ventures, one planned by each friend. In both cases, this investment would involve expending some of your time next summer as well as putting up cash. Becoming a full partner in the first friends venture would require an investment of $5000 and 400 hours, and your estimated profit (ignoring the value of your time) would be $4500. The corresponding figures for the second venture are $4000 and 500 hours with an estimated profit of $4500. However, both friends are flexible and would allow you to come in at any fraction of a full partnership you would like. If you choose a fraction of a full partnership (money investment, time investment and profit) would be multiplied by this same fraction.
Because you were looking for an interesting job anyway (maximum of 600 hours), you have decided to participate in one or both friends ventures in whichever combination would maximize your total estimated profit. Find the best combination.
Find out whether or not right-hemisphere damage results in significantly reduced performance on spatial skills task. Test with alpha set at .05 with one tail.
according to a recent national survey high school girls average 100 text messages daily. assume the population standard
Calculate all measures of central tendency and depict what happens before and after the addition of the two transfer students.
the probability density function of the net weight in ounces of a packaged compound is fx x40 for 19ltxlt21 ounces and
serious golfers and golf equipment companies sometimes make use of golf equipment testing labs sometimes make use of
a random sample of 16 statistics examinations from a large population was taken. the average score in the sample was
Using these data, construct a 95% confidence interval to estimate the average number of days a car is rented out. Assume that the number of days a car is rented is normally distributed in the population. What can you conclude from your calculations?
Eighty-eight shoppers were interviewed at random, and 59 said that they prefer to shop alone. What is the value of q-hat?
This problem related to Basic Statistics and it discuss about the examples of qualitative and quantitative methods of data collection
x1, x2, x3 are zero mean Gaussian random variables with STD=4. Let x1 and x2 be independent and x3= a*x1+b*x2. Find the constants “a” and “b” such that the correlation between x1 and x3 is 0.3. What is the correlation between x3 and x2?
the manager of the hippon drug store is remodeling his facility and is considering three ways of organizing his
Florida real estate. The table on text page 614 gives the appraised market values and actual selling prices (in thousands of dollars) of condominium units sold in a beachfront building over a 93-month period.
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