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DeeDee Toys has an annual demand of 192,000 Pooh bears. The company manufactures its bears at a rate of 3200 per day. Carrying cost is $4 per bear per year. Setup cost for a production run of bears is $180. The company operates 240 days per year. What should be the optimal production run size of toy bears?
What is the probability that at least one of the flights will be late and why the binomial model is not appropriate for finding the probability that at least one flight will be late.
Provide an example of the use of multiple regression
Produce boxplots to compare the selection times for each participant. Comment on what they reveal. Also identify (by initial) which participant took the longest and which took the shortest time to make their decisions.
Are the events of being man-made and being polluted independent and write out the sample space - Find the PPV and NPV for a population where 2% of the people have the disease.
A clinical trial is conducted comparing a new pain medication for arthritis. Participants are randomly assigned to receive the new medication or a placebo. The outcome is pain relief within 30 minutes.
Consider a sample of 148 small businesses. During a three-year period, 15 of 106 headed by men and 7 of the 42 headed by women failed. Let p1 be the proportion of businesses headed by women that failed. Let p2 be the proportion of businesse..
The events Ac and Bc are independent
Pick a lottery game
The mean life span of a brand name tire
Let X be the sample mean of a random sample of size n from a uniform distributionon the interval [0, b], and let bb = 2X be an estimator of the upper endpoint b.(a) Demonstrate that bb is an unbiased estimator of b, and find the variance of th..
List all necessary assumptions and indicate which might be suspect. Also perform a non-parametric analysis. Verify your results using SAS - Determine the subset of variables that is selected as best by the forward selection procedure using Fo = 4.2 ..
What is the lottery's expected profit per ticket?
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