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You are the shipping manager at a company. You are interested in the percentage of packages delivered damaged. A simple random sample of 500 packages yields 12 delivered damaged and 488 delivered undamaged. Compute the 99% confidence interval for the percentage of packages that are delivered damaged in the population.
Apply the EOQ model to the following quantity discount situation in which D=500 units per year, C0=$40, and the annual holding cost rate is 20%. What order quantity do you recommend?
At significance levels of .05 and .01 test H 0 : the factors A and B are independent.
Can researcher conclude that humidity has significant effect on eating behaviour? Use two-tailed test with a = 0.05.
Find out the mean number of letters that will arrive in two days.
Superior Medical System's 2005 balance sheet showed total common equity of $2,050,000. The company had 100,000 shares of stock outstanding which sold at a price of $57.25 per share.
Determine x-bar and s for this data set. You may suppose the values for bulb life are normally distributed. Use traditional method to make your decision.
How many units of capacity should be built to minimize the total cost of providing capacity plus lost sales?
What is Bayesian sample size determination for ANOVA and regression with formula?
Is there significant evidence that this production run doesn't meet specifications? Use a 1% level of significance.
Compute the standard error of the mean O(funny o with line) line over x, for sample sizes of 50, 100, 15o, and 200. What can you say about the size of the standard error of the mean as the sample size is increased?
Revenue and cost functions for producing and selling quantity x for certain production facility are given below. Find out profit function P(x).
A nationwide standardized test taken by high school juniors and seniors may or may not measure academic potential, but we can nonetheless examine the relationship bewteen scores on such test and performance in college.
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