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Assume that ACME tires sells t heir high performance tires for $220 each and their all weather tires for $140 each. Further assume that the cost of producing a high performance tire is $180 and the cost of producing an all wather tire is $125. Finally, assume tht if a tire does not last 40,000 miles, ACME tires will replace it free of charge to the consumer; ACME will incur the cost of replacement, but will not receive any additional revenue. What is the profit earned/loss incurred on an all weather tire that exceeds 40,000 miles?
A quality control inspector selects a part to be tested. The part is then declared acceptable, repairable, or scrapped. Then another part is tested. List the possible outcomes of this experiment regarding two parts.
To decrease the amount of time it takes to deliver packages, a delivery company purchased computer software that finds the optimal route for making deliveries based upon the input of the package destinations.
206 randomly selected light bulbs were tested in a laboratory, 161 lasted more than 500 hours. Find a point estimate of the proportion of all light bulbs that last more than 500 hours.
If it takes a colony of termites one day to devour a block of wood that is 2 inches wide, 2 inches long, and 2 inches high, then how long will it take them to devour a block of wood that is 4 inches wide,
Thirty homes responded, and the sample mean water use per day was 77 gallons with a standard deviation of 9.0 gallons per day.
Find the probability of getting at least 127 boys among 152 babies. Does the result suggest that the YSORT method is effective? Why or why not?
Using the following number of flirtations actions in the 4 hour period, test the "null hypothesis'
You may assume the sample data comes from a population that follows a normal distribution.
Using What's Best! (or Solver) determine the least-cost shipping schedule, where each of three (3) hardware vendors provide up to two hundred (200) units and each of six (6) buyers demand one hundred (100) units.
The administration of Midwest State University wants to know if arrangement of chairs affects student participation in classrooms. What would be a good operational definition of the dependent variable in an experiment designed to measure this rela..
Discuss an example from every day life, your professional experience, personal life or sports where two variables are positively correlated and why; discuss a second example where two variables are negatively correlated and why.
Average cost of $3,200 for products. n=25. After review it seems mean cost is $2,000 with a standard deviation of $150. Test that average cost is $3,200 or more versus $2,000. assume level of significance of .05.
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