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If the CPI was 110 last year and is 121 this year, what is this year's rate of inflation?
What is the "rule of 70"? How long would it take for the price level to double if inflation persisted at (a) 2, (b) 5, and (c) 10 percent per year?
The combined degrees of freedom
Construct a tree diagram to represent this situation. A mini license plate for a toy car must consist of a vowel followed by two numbers. Each number must be a 3 or 7.
Find the price of the material
A chip is selected at random, what is the probability that it is from Machine I and is defective? A chip is selected at random, what is the probability that it is defective?
Two boxes of light bulbs are in a warehouse. Box 1 contains 95 good bulbs and 5 defective bulbs, while box 2 contains 90 good and 10 defective bulbs.
Operations Research: Duals Q. Write the dual of this problem, sketch the feasible region of the dual, and find the dual solution graphically
By looking at two linear equations, how can you tell that the corresponding lines are parallel, the same graph, or intersecting lines? How many solutions does each possibility have and why is that? Show examples for each possible situation.
In a tank containing 100 gallons of fresh water, 10 lbs of salt was added instead of 20 lbs. To correct the mistake, fresh water was added at the rate of 3 gallons per minute while draining off the well stirred salt solution from the tank at the s..
Find the probability that the coin turns up heads once and tails once?
If a department has 10 men and 15 women, how many ways are there to form a committee with 6 members if it must have more women than men?
Find the linear equation that relates value (V) in dollars to time (t) in years. What would be the value of the equipment after 6 years?
Suppose we are producing copper wire and putting the wire on spools. Each spool contains 100 feet of wire. Defects such as nicks in the wire can occur at random locations. What would be a reasonble distribution for each of the following: (a) the n..
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