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Maxwell Manufacturing makes two models of felt tip marking pens. There are 3 processing steps required for the pen production. Times (hours) are given in the table below.
Capped Clickable Available
Extrusion 3 5 45
Ink Fill 4 2 36
Molding 4 1 30
The profit for each capped lot is $1000, and each Clickable lot yields a profit of $800.
a) What is the linear programming model for this problem?
b) What are the extreme points?
c) What is the optimal solution?
One state lottery has 1000 prizes of $1, 200 prizes of $5, 50 prizes of $25, 15 prizes of $150, 4 prizes of $500, and 1 prize of $2500. What is the lottery expected profit per ticket?
For following two regressions describe and interpret major parts from regression output. write down the difference between two regressions?
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What information is provided by the sign (= or -) of the Pearson correlation? What information is provided by numerical value of the Pearson correlation?
Test the claim that for the adult population of one town, the mean annual salary is given by μ = $30,000.
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What different types of variables are used in quantitative studies? Describe each type of variable and how they differ.
Find the questions based on multiple regression - The coefficient of determination for the above model is approximately
Is there evidence that the population mean is above $300, if X (bar) = $305.11 and s = $43.20?
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