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The marginal loss on Washington Reds, a brand of apples from the state of Washington, is $35 per case. The marginal profit is $15 per case. During the past year, the mean sales of Wshington Reds in cases was 45,000 cases, and the standard deviaiton was 4,450. How many cases of Washington Reds should be brought to market? Assume the sales follow a normal distribution.
ABC Corporation has been using statistical process control for several months.
Compute the incidence proportion or the risk ratio that compares group 1 to group 0, and compute the Incidence proportion or the risk ratio which compares group 2 to group 0. Then post a summary of your findings.
She has a history of being successful at getting a donor on 55 percent of her calls. If June has a quota to get at least four donors each day.
A monthly budget of $100,000 is available for both advertising and purchase of the fragrances. Develop and solve a linear optimization model to determine how much of each type of perfume should be produced to maximize the net profit.
The caffeine content of 20 brands of regular coffee is shown below. 80 82 89 85 87 30 33 44 40 46 50 55 60 62 71 90 92 75 63 65. Thus, this job helps to construct a Frequency Distribution with a class interval of 10, starting with 30.
A manufacturer of 35-mm cameras knows that a shipment of 30 cameras sent to the large discount store contains 8 defective cameras. The manufacturer also knows that the store will choose two of the cameras at a random, test them, and accept the shi..
The quality-control inspector checks 200 pieces in a certain operation. The piece is either good or defective. The record for nine hours.
Suppose you bid $12000. What is the probability that your bid will be accepted?
Suppose that the population of heights of male college students is approximately normally distributed with mean m of 68 inches and standard deviation s of 3.75 inches. A random sample of 16 heights is obtained.
Verify that this is valid density function. Find out probability that weight is smaller than 24 ounces.
Test whether the gender distribution for basketball fans is significant different from general college by proportion test.
Find the area under the normal distribution curve between z = 1.52 and z = 2.43.
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