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Ace Advertising has won the contract to promote the Macaw Heads upcoming concert in Aldrich. They have identified four relevant advertising outlets and using Nielson and Arbitron data gathered the information in Table 1 about each advertising outlet. The advertising budget is limited to $50,000. At least 500 thousand of the effective audience contact should be individuals over the age of 40. For TV ads, the effective audience contact (and thus the percent of audience over 40) drops by 20% after the 20th ad (include a decision variable for both maximum and reduced effectiveness TV ad). The newspaper has agreed to cut the cost of an ad by 50% for every additional ad purchased after the fifth ad. Thus the first five ads cost the regular price. After the 6th regular price ad is purchased, the first reduced ad can be purchased. After the seventh regular price ad is purchased, the second reduced ad can be purchased (include a decision variable for the number of regular ads purchased and the number of reduced cost ads purchase and be sure to require that the number of regular cost ads is always five more than the reduced cost ads). At most, only 30 newspaper ads are possible. For every 106.7 radio ad, there must be at least two 103.1 Radio ads. Formulate the LP model to determine the number of ads in each outlet and maximize the effective audience contact.
Draw a scatterplot indicating a strong negative relationship between the variables pf income and mental illness. Be sure to label the axes correctly.
Determine the probability that the given class period runs greater than 50.75 minutes. Determine the probability of choosing the class period runs greater than 50.75 minutes.
Plot this 20 maxima again on normal probability paper derive the theoretical distribution function for this 20 maxima and draw the CDF in the same plot.
The measure of forecast accuracy that is not influenced by the measurement scale of the time series data is:
Distribution with the mean of 10,000 hours. Component has already been in operation for its mean life. Determine the probability that it will fail by 15,000 hours?
To find the probabilities values of standard normal variable
A random group of students was selected from a large student conference to analyze their class in school. Is there evidence to reject the hypothesis that the number of students is equally distributed between the four classes, at alpha = .05?
The sensitivity of a test is the probability that a person having the disease will test positive (indicating the person has the disease, i.e., it's the probability the test will pick up the fact that a person has the disease).
What is the probability that the cereal would be high calorie? In other words, what is P (high calorie)?
Is there evidence that the population mean is above $300, if X (bar) = $305.11 and s = $43.20?
At the 0.01 level of significance, is there evidence to support the professor's claim?
A random variable is normally distributed, with (population mean)= 300 pounds and (standard deviation) = 50 pounds. How small can a simple random sample be if the standard error of the mean can be no more than 20 pounds?
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