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Assume a customer has a two-attribute value function for cars: cost and quality. Cost can range from $5,000 to $10,000 and quality can range from 0 to 10 (a higher score is better). Over these ranges, these two objectives are equally important to the customer. The value functions are both linear. Which car would this customer prefer: car A for $7,000 and quality level 5, or car B for $8,000 and quality level 6? Draw the value functions for the two attributes.
Give a mathematical expression for the probability density function of driving distance.
At the .01 significance level, is there a relationship between job pressure and age?
Fifty raffle tickets are numbered 1 throughout 50, and one of them is drawn at random. What is the probability that the number is a multiple of 5 or 8? Consider the following "solution": Since 10 tickets bear numbers that are multiples of 5 and 6 ..
If two independent large samples are taken from two populations, the sampling distribution of the difference between the two sample means:
Decision making using the Transportation method.
A manufacturer of 35-mm cameras knows that a shipment of 30 cameras sent to the large discount store contains 8 defective cameras. The manufacturer also knows that the store will choose two of the cameras at a random, test them, and accept the shi..
What is the probability that an improperly adjusted machine will produce five or more items before it is stopped? What is the average number of items an improperly adjusted machine will produce before being stopped?
Determine the expected frequencies for each of the cells in the following contingency tables. For each problem, state how many of the expected values actually had to be computed and how many could be found by subtraction.
What is the probability of making a Type II error if the population mean is 24,000 miles?
Determine what analysis would you do on each problem (i.e., one-sample z-test, one-sample t-test, proportion test, two-sample independent t-test, or paired test)?
A permutation resample for a two-sample test
Why is it misleading to draw the conclusion from the test above that long-time exposure to cadmium reduces the vital capacity?
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