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Prepare a 350-word memo to Myra Reid, the Vice President of Production at Blue Inc. Inform Myra of your forecasts and explain the reasons for your decision. Account for results of the previous two cycles of the simulation in your explanation to Myra.
What role of operations that applies when you are solving an equation does not apply when you are solving an inequality? What is the inherent meaning and justification of cross-multiplication as it applies to solving an inequality?
The largest salary on the list is $100,000 and is accidentally changed to $1,000,000. What is the new standard deviation?
What is the probability that more than 88 cartons arrive in at least 5 of the next 6 months given normal distribution with mean of 80 cartons per month and standard deviation of 7 cartons per month?
An experiment consists of flipping the fair coin three times and noting the number of heads and tails. A random variable x is defined to be two times the number of heads plus the number of tails.
The average weight of 40 randomly selected minivans was 4150 pounds. The standard deviation was 480 pounds. Find the 99% confidence interval of the true weight of the minivans.
Thirty-two samples of 8 items each were collected from a process. The average sample mean is 12 and the average range is 0.10.
As part of an opinion survey, a simple random sample of 1,500 families is chosen. What is the chance that between 9% and 11% of the sample families will not own cars?
A marketing firm asked a random set of married and single men as to how much they were willing to spend for a vacation. At *alpha*= .05, is a difference in the two amounts?
How many free throws must the second player make in a row in order to confidently reject the same null hypothesis? Use the 95% level of confidence for both players.
Make a decision about buying machinery. The stakeholders in the simulation have different opinions as to the proper course of action the organization should take.
Both days have sample standard deviations of 3.4. Is the average mean of size different from day 1 to day 2?
A hypothesis test is to be used to help determine if there is a difference between the proportion of 2 year college students and private university students that work at least 20 hours per week.
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