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An MBA program offers seven concentrations: accounting (A), finance (F), human resources (H), information systems (I ), international business (B), marketing (M), and operations management (O). Students in the capstone business policy class are assigned to teams of three. In how many different ways could a team contain exactly one student from each concentration?
Formulate a linear programming model that can be used to determine the number of units each model that should be produced in order to maximize the total contribution to profit
There is a horse race with 12 horses competing. A gambler must rank the 12 horses for first, second, third and fourth place finishing.
Suppose that the population of heights of female college students is approximately normally distributed with mean m of 66.24 inches and standard deviation s of 5.07 inches.
Finding Normal probabilities using standard normal table or Excel built in functions
Determine the probability mass function of the salesperson's November sales (in $). What is the probabiity that his sales for November will be less than 100k? Find the mean and standard deviation of the November sales.
An economic researcher would like to know whether he can reject the null hypothesis at the 0.10 level, that no more than 20% of the households in Pennsylvania make more than $70,000 per year.
What then is the probability that a shaft will be acceptable? Suppose that the diameter of the shaft is a random variable that is Normally distributed.
Findout the margin of error for this survey if we want a 99 percent confidence in our estimate of the percent of adults over 50 who take vitamin supplements.
The response time for Denver police to respond to emergency calls is 8.4 minutes with a standard deviation 1.7 find the probability that the response time for a call between 5 and 10 minutes.
Using the value in the given data table finding the missing values
Pick a random sample of 50 homes from the enclosed 90 cases. Double the asking price and selling price and use this data to develop three predictive models:
A company must hire a new CFO and prepares a final list of five candidates - all are equally qualified. Two of the candidates are members of a minority of a minority group. To avoid bias in the selection of the candidate
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