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BusinessWeek surveyed students who finished their 30 studies in a master's program (BusinessWeek, September 22 2003). According to this survey, the average annual salary of a woman and a man 10 years after completing their studies is $ 117.000 and $ 168.000, respectively. Consider these amounts as means populations of wages of a woman and a man. Suppose the population standard deviation between the wages of women is $ 25,000 and between the wages of men is $ 40,000. With this information: a) What is the probability that a simple random sample of 40 men the sample mean does not differ more than $ 10,000 average Population of $ 168.000? b) What is the probability that a simple random sample of 40 the sample mean women do not differ more than $ 10,000 average Population of $ 117.000? c) Which of the two cases a) and b) are more likely to get a sample mean not differ by more than $ 10,000 from the population mean? Why? d) What is the probability that a simple random sample of 100 men, the sample mean does not differ by more than $ 4,000 average Population? Note: since the size of populations is not known assume they are endless.
Hill is now considering plan C. Beginning inventory, stockout costs, and holding costs are provided in Problem 13.3: a) Plan C: Keep a stable workforce by maintaining a constant production rate equal to the average requirements and allow varying inve..
The manager has assigned an annual carrying cost of 35% of the purchase price per crate. Ordering costs are $28. Currently the manager orders once per month.If the order lead-time is two weeks (ie 0.5 month) what is the re-order point?
Suppose that an (R,Q) model is used to manage inventories. The firm is planning changes that will reduce the lead time to receive replenishments, but the firm is also planning on making its assortment more "fashionable", which essentially means that,..
Describe your approach to tracking a project. What kinds of issues would you focus on if you were a project manager? Why? What management skill do you find most necessary for effective and efficient project management? Why?
In order to participate at a venture fair, Team TerraZ is preparing a project plan for their new-product offering. The team plans to spend 3 days on ideation. Once ideation is complete, the team aims to interview 20 potential customers (6 days) and t..
In the space below, provide three examples of situations when companies acted in an ethical way, knowing the result of this ethical behavior could potentially have a negative impact on sales. Use real-life examples, not hypothetical ones. Next, provi..
Describe an example of how the section of the amendment that is chosen could be applied to my professional life as a Vocational Nurse. In the example discuss whether the amendment limits business or protects it.
In davis v. baugh industrial contractors, the traditional common law rule prevented a party who accepted a completed construction project from later seeing the contractor for flaws in construction that caused injury to others. state law prevented the..
case guidance questionsnbsp case 5 six sigma implementation at maple leaf foods1.nbspnbsp generala.nbspnbsp remember to
Review the types of discrimination and discuss how discrimination impacts the overall quality of health care. Explain your rationale.
Describe three ways to manage resources in integrated project management. Comment on the importance of the project management system in the process of assigning resources to a particular project or task
When is the best time in the research process to start searching for participants? You are in charge of a project that is investigating the effects of gender differences on the reading scores of first, third, and fifth grades in three different schoo..
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