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Blossom's Flowers purchases roses for sale for Valentine's Day. The roses are purchased for $10 a dozen and are sold for $20 a dozen. Any roses not sold on Valentine's Day can be sold for $5 per dozen. The owner will purchase 1 of 3 amounts of roses for Valentine's Day: 100, 200, or 400 dozen roses. Given 0.2, 0.4, and 0.4 are the probabilities for the sale of 100, 200, or 400 dozen roses, respectively, then the EOL for buying 200 dozen roses is
a) $700b) $900c) $1,500d) $1,600
A major study examined the relationship between cause of death (heart attack, cancer, stroke, accident, etc.) and age. A good way to graphically represent the relationship is with
Construct a frequency distribution and construct a histogram for the following data and use seven intervals, starting with 30-39.
Assume a restaurant business succeeds 60% of the time. Suppose that there are three such restaurants open in your city. When they don't compete with one another
The number of widgets produced by 9 employees in an eight hour shift is recorded as: 135, 120, 116, 119, 121, 125, 135, 131, 123. What is the median of the number of widgets produced presented above?
Suppose your company decided purchase 12 shrimp boats (Jenny 1 - Jenny 12). These boats are a fixed resource for the firm. What is the short run total cost of producing 60 tons of shrimp?
You run a two tail t-test. The critical value for this test at the .05 level is a t of 7.82. What value must the obtained t-test statistic be in order to be considered significant at the .05 level?
This morning the office you are monitoring has eight office visits on the schedule. What is the probability that:
Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.
Team Sports, Inc. sells sporting goods to high schools and colleges via a nationally distributed catalog. Management at Team Sports estimates they will sell 2,000 Wilson Model A2000 catcher's mitts next year.
At α = 0.05, is the correctness of the prediction different for the two types of cola drinkers?
Pharmacies continually monitor their prescription filling process. A local pharmacy has noted that the time to fill a prescription for a generic antibiotic is normally distributed, with a mean of 13.3 minutes and a standard deviation of 2.8 minute..
Suppose you were a manager of a business. You can only pick on method to solve the LP problems, which method would you choose and Why?
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