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The Super Discount store (open 24 hours a day, every day) sells 8-packs of paper towels, at the rate of approximately 420 packs per week. Because the towels are so bulky, the annual cost to carry them in inventory is estimated at $.50. The cost to place an order for more is $20 and it takes four days for an order to arrive. a. Find the optimal order quantity. b. What is the reorder point? c. How often should an order be placed?
Mattel Corporation produces a remote-controlled car that requires three AA batteries. The mean life of these batteries in this product is 35 hours with a standard deviation of 5.5 hours. As part of its testing program Sony tests samples of 16 batt..
exploratory data analysis.a. perform exploratory data analysis on all variables in the data set. realizing that you
a confidence interval with a 95 confidence level for the proportion of voters who are in favor of the proposition in a
Estimate the number of customers in the sample who order their food to go by giving the mean of the relevant distribution (that is, the expectation of the relevant random variable).
Compute the sample variance and sample standard deviation as a measure of volatility of monthly total return for Chevron (to 2 decimals): Sample variance and Sample standard deviation.
An investigation of past consumer surveys done by a company reveals that 2/3 of customers contacted respond to the survey. The marketing manager wants to do a new survey and plans to contact 198 customers
Suppose that 46 percent of families living in a certain country own a car and 18 percent own an SUV. The Addition Rule might suggest, then, that 64 percent of families own either a car or an SUV. What's wrong with that reasoning.
Use a 0.05 significance level to test the claim that king-size cigarettes with filters have a lower mean amount of nicotine than the mean amount of nicotine in non-filtered king-size cigarettes.
Determine the number of grams of each ingredient that must go into the drug in order to meet the antibiotic requirements at the minimum cost. Formulate a linear programming model for this program.
Let X equal the number of "ones" if a fair dice is tossed two independent times by someone out in the hall. If X=x that person gives the player a bowl consisting of 10-3x red chips and 3x white chips.
Which of the following statements is true regarding a nonparametric test?
In the class, there are 17 females (of whom 8 are freshmen) and 16 males (of whom 7 are freshmen). If one student is selected at random, what is the probability of selecting a freshmen or a female?
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