Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A manufacturing company must decide whether to manufacture a component part. The consulting profit is dependent upon the demand for the product. The following show the projected profit ( in thousands of dollars).
Low demand
Medium demand
High demand
Decision Alternative
S1
S2
S3
Manufacture, d1
-20
40
100
Purchase, d2
10
45
70
P(S1)= 0.35
P(S2)=0.35
P(S3)=0.3
1) Use EVPI to determine whether the company should attempt to obtain a better estimate of demand.
2) A market study of the potential demand for the product is expected to report a favorable (F) or unfavorable (U) condition
P(F|S1)=0.1
P(F|S2)=0.4
P(F|S3)=0.6
what is the probability that the market research report will be favorable?
3) What is the expected value of sample information (EVSI)?
Please only type answer on word document
in this activity students are asked to design a hypothesis test collect data analyze the data and share a conclusion.
at one college gpas are normally distributed with a mean of 2.6 and a standard deviation of 0.4. what percentage of
As part of a curriculum review, the psychology department would like to select a simple random sample of 20 of last year's 140 graduates to obtain information on how graduates perceived the value of the curriculum. Describe two different methods t..
a certain adjustment to a machine will change the length of the parts it makes but will not affect the standard
in a certain town 70 people support the construction of a new ballpark. if 5 people are randomly selected what is the
Two bags contain red, yellow and blue cubes. bag a has 12 red cubes 16 yellow and 22 blue. Bag b has 11 red 14 yellow and 20 blue. Throw wants to choose a yellow cube. which bag should he choose.
if a correlation coeficiant calculated for n14 and a0.01 is found to be r.0856 what is the test value for the
u.s. bureau of the census data reveal the largest town in the state of oh has a population of one million families. the
four out of every 10 online homes in the u.s. have switched to broadband high-speed internet. two homes are randomly
Recognize the given samples are independent samples or matched pairs.
what proportion of the data from a normal distribution is two standard deviations from the mean?1. 0.47722. 0.34133.
One advantage of the repeated measures ANOVA is that it eliminates "individual differences" as a source of variability. Explain why there are no individual differences in the numerator and in the denominator of the F ratio.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd