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Christenson's Television Service is a local dealer of SONY Television sets. Mike Olson, store manager, has been trying to find ways to lower inventory levels because of increasing holding costs and limited storage space. Mike has est that the store sells about 800 SONY sets annually. Estimated holding cost is $30 per set and ordering cost is $20 per order.
a. Determine the optimal order quantityb. Determine the number of orders.c. Describe the inventory pattern graphically.d. What is the toal inventory cost per year?"
Conduct a hypothesis test using the .04 level of significance to determine if there is a difference between the population means.
Please summarrize, find the most important formulas, and explain a solve problem for each of this statictics topics: A. Simple regression and correlation B. Multiple regression and correlation
According to the National Restaurant Association, 20% of fine-dining restaurants have instituted policies restricting the use of cell phones. From a sample of 100 fine-dining restaurants,
Determine, with 95% confidence, if the stocks from "socially conscious" companies are different from the mean P/E ratio of all other major stocks.
What is the probability that none of three randomly chosen persons areallergic to this drug . what is the probability that at least one person is allergic to this drug.
X has a normal distribution with a mean of 80.0 and a standard deviation of 3.5. Find the following probabilities.
Using the quadratic equation x2 - 4x - 5 = 0, perform the following assignment Solve by factoring and solve by using the quadratic formula
Based on these data, what is the probability that next Christmas will be dry and based on the data,what is the probability that next Christmas will be rainy or cloudy and dry?
A study of family income is studied through a sample of 500 randomly selected families. The results can be summarized as the mean family income was 41,000 the median income was 29,000.
The times it takes workers to complete a task at a certain assembly plant are normally distributed with mean = 10 minutes and standard deviation = 2 minutes.
A researcher is asked to determine the likelihood that a new medication for arthritis works better than a similar medication that's been around for a decade. How would the researcher approach this assignment?
what is the probability that the sample mean of IQ scores will not differ from the population mean by more than 2 points? (Round your answer to four decimal places.)
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