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Rocky mountain tire center sells 9,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 50% of the purchase price of the tires per year. The purchase price is $25 per tire if fewer than 200 tires are ordered, $16 per tire if 200 or more, but fewer than 8,000, tires are ordered, and $25 per tire if 8,000 or more tires are ordered.
How many tires should rocky mountain order each time it places an order? Rocky mountains optimal order quantity is ___units
how much should it cost
In the 1992 U.S. presidential election, Bill Clinton received 43% of the vote compared to 38% for George H. W. Bush and 19% for Ross Perot. Suppose we had taken a random sample of 100 voters in an exit poll and asked them for whom they had voted.
30% of the time the wife is listening to the radio. Find the probability that:a. If the wife is listening to the radio, the husband is also listening to the radio.
What score was earned by more students than any other score? Why? What was the highest score earned on the exam?
Irrelevant costs associated with the decision to sign an act (make/own) as opposed to just distributing one (buy/lease)? Identify at least 2 relevant and 2 irrelevant costs.
The sample mean of the sampling distribution of a statistic is 6 and the standard error of the statistic is 1.03. What is the probability that xbar > 7.52?
Determine the highest number of miles (to nearest whole number) that motorist could drive in month and still qualify for discount?
The top motivation is for using a credit card. Can you conclude that there has been a chagne in the claimed or expected distribution? Use a =0.025.
Perform a posthoc test that is suitable if we assume that group 7 is a control group and that the other are different treatment groups and that we are only interested in finding significant treatments, not to compare them.
What is the estimated increase in the interval of time until the next wruption that corresponds to an increase of 60 seconds in the duration?
Two quadratic equations that are multiples of each other are actually the same equation, and that they don't count as being "more than one QE that have the same solution set".
A machine that manufactures automobile parts is estimated to produce defective parts 5% of the time. If this estimate is correct, and 9 parts produced by this machine are randomly selected
Using the 0.10 level of significance, is there evidence that the mean shopping time at the local supermarket is different from the claimed value of 22 minutes?
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