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Question: A furniture store expects to sell 640 sofas at a steady rate next year. The manager of the store plans to order these sofas from the manufacturer by placing several orders of the same size spaced equally throughout the year. The ordering cost for each delivery is $160 and the carrying costs, based on the average number of sofas in inventory, amount to $32 per year for one sofa. Determine the economic order quantity that minimizes the inventory cost, and then and the minimum inventory cost.
1.a restaurant monitors its customers complaints. here are the percent of customers with the following complaintswith
Using the finite population correction factor, compute the standard error for each of the three firms given a sample of size 50.
a quality control technician is checking the weights of a product. she takes a random sample of 8 units and weighs each
There is a program for STD/HIV/pregnancy education/prevention called Postponing Sexual Involvement (PSI) run in Atlanta. Evaluation data collected at the end of ninth grade as a follow-up to the program compared two group of adolescents
a 60-watt outdoor lightbulb is advertised as having an average life i.e. mttf of 1000 operating hours. however
a psychological test used to measure the level of hostility is known to produce scores which are normally distributed
Determine out the regression equation. Determine the estimated sales if 40 contacts are made.
Cite an example of how you could/would apply a test of a hypothesis for a single population proportion, two tail test described in the lecture to real world situations?
let p be a prime number such that pk divides the order of the finite group g. prove that the number of subgroups of
What happens to the confidence interval if you (a) increase the confidence level, (b) increase the sample size, or (c) increase the margin of error?
If the mean μ does not differ significantly from 5.5 (that is, if the null hypothesis is true), then the probability of obtaining a sample mean y as far or farther from 5.5 than 5.4 is .1034.
A researcher studies the effect of cognitive psychotherapy on positive self-regard. The number of positive statements made about oneself is recorded for each participant during the first meeting.
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