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Question: Use simulation to solve the Birthday Problem using the data file ObservedBirthDays.xls at www.cengagebrain.com. The first three rows of the data are shown in the table that follows. The dataset begins with the number 101 representing Jan 1st and ends with 1231 representing Dec 31, and includes leap day. There were a total of 481,040 births reported, and relative frequency is used to calculate probability. For example, the probability of being born on Jan 1st is 0.31% = 1,482/481,040 × 100%.
Select a financial institution and find out what it takes to qualify for a loan. Try to understand the rationale for the institution's rules, policies, and guidelines about loan approval.
What is the CW, when i = 10% per year, of $1,500 per year, starting in year one and continuing forever; and $10,000 in year five, repeating every four years.
Demand for a product is normally distributed with mean demand equal to 200 units. There is a 0.95 probability that demand for this produce is between 180 to 220 units. Estimate the probability that demand for this product will exceed 195 units?
Air at 1 atm flows at a Reynolds number of 50,000 normal to a long, circular, 1-in.-diameter cylinder made of naphthalene. Using the physical properties of Example 3.14 for a temperature of 100oC, calculate the average sublimation flux in kmol/s-m..
As the manager of the 60-room motel, you have the responsibility of preparing next year's budget from the following information
Learn to pass parameters and write a simple recursive subroutine.
If the answer to (a) is no, how can the formulation be manipulated to become a network problem? Draw the associated network. (Hint. Add a redundant constraint introducing a fictitious node.)
State the slope of the line of best fit. Carefully interpret the meaning of the slope in a sentence or two. Find and state the value of r2, the coefficient of determination, and r, the correlation coefficient.
Consider the weight and blood pressure data in Problem. Fit a no-intercept model to the data and compare it to the model obtained in Problem.
Mary and Marcia Brown are two sisters currently attending university together. Each requires advising in five subjects: history, English, mathematics, science.
Consider a factory that processes a single job type. Orders are processed one at a time in a serial processing configuration. One of the workstations requires.
Discuss the advantages and disadvantages of the following strategies in control chart design. In particular, what are the economic trade-offs attendant to each.
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