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Question:
Your firm designs training materials for computer training classes, and you have just received a request to bid on a contract to produce a complete set of training manuals for an 8-session class. From previous experience, you know that your firm follows an 85% learning rate. For this contract, it appears that the effort will be substantial, running 50 hours for the first session.
Your firm bills at the rate of $100/hour and the overhead is expected to run a fixed $600 per session.
The customer will pay you a flat fixed rate per session (Per Session Price.) If your profit markup is 20%, what will be the Total Price, the Per Session Price, and at what session will you break even?
Find the probability that a randomly selected employee earns less than $7.53
6. Bay Area Community College (BACC) has collected data comparing the starting salaries of their graduating students with last names beginning with the letters A through M with those whose last names begin with N through Z. The first category,..
A random sample of 89 observations produced a mean x (x bar) = 25.8 and a standard deviation s= 2.4. - find a 95, 90, and 99% confidence interval for u. In a sample of 304,000 items mailed between Dec. 10 and Mar. 3, the accounting firm determined th..
Evaluate the relationship between visits per week and week. Interpret your regression results by discussing significance of the regression equation and magnitude of the estimated coefficients.
1) Class records at Rockwood College indicate that a student selected at random has probability 0.71 of passing French 101. For the student who passes French 101, the probability is 0.9 that he or she will pass French 102. What is the probability tha..
Do the warm Miami temperatures help the punter for the Miami Dolphins kick the ball farther than the punter for the Green Bay Packers, who typically punts in frigid Wisconsin temperatures? That is, can a warm football in general be punted farther tha..
Why would it be wrong to use the proportion 0.28 as the proportion of all elements of statistics students who are male?
What is the correlation coefficient and do the data provide sufficient evidence to conclude that the number of years of study and test score are linearly positively correlated? Use α = 0.01
The bottling company wants to set up a hypothesis test so that the filler will be readjusted if the null hypothesis is rejected. Set up the null and alternative hypotheses for this hypothesis test.
A dental clinic at which only one dentist works is open two days a week. During those two days, the traffic arrivals a Poisson distribution with patients arriving at the rate of three per hour. The doctor serves patients at the rate of one every 15 m..
What is the approximate minimum percentage of data in any frequency distribution that lies within 3 standard deviations of its mean?
Find the mean, median and mode of this information and what are the range and standard deviation - Use the Empirical Rule to establish an interval which includes about 95 percent of the observations.
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