Reference no: EM1393199
In your own words, describe the meaning of average cost. You normally buy a crate of wine for $75. One crate has 6 bottles of wine. After a month, the store clerk informs you that the same crate of wine now costs $82. However, there are 7 bottles in a crate. To the nearest cent, determine the average cost of the crate from last month to now.
In your own words, describe the meaning of marginal cost. You normally buy a crate of wine for $75. One crate has 6 bottles of wine. After a month, the store clerk informs you that the same crate of wine now costs $82. However, there are 7 bottles in a crate. To the nearest cent, determine the marginal cost for one additional bottle of wine now.
In your own words, describe the meaning of unit travel. When traveling on a Greyhound bus, without intervention or obstruction, it is important to determine the unit travel time. If you leave Cleveland in a bus full of 24 passengers and arrive Cincinnati in 3 hours, what will be the average unit travel time in person minutes?
What is CPI? Given that the CPI trends for travel time for 2010 and this year are 183.42 and 191.35 respectively, calculate the current value of travel time if it was $24.50 per hour in 2010.
After 17 vehicular accidents two years ago in a given intersection, the mayor of Boulder proposed to reduce the number of crashes by making improvements at the intersection. Assuming the appropriate CRF is 0.53, what will be the reduction in number of crashes at that intersection achieved by the mayor?
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Question on measure of central tendency
: What information does each measure of central tendency provide? Why are measures of variability essential statistical tools for describing behavior?
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Genetic mapping of alkaptonuria
: The OMIM description on Genetic Mapping of Alkaptonuria can be interpreted to say: The alkaptonuria gene was genetically mapped to 3q2 at sixteen cM away from the sucrase-isomaltast deficiency gene
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Information about excel functions
: Could you please explain in words how you figure out deciles, quartiles, kurtosis, skewness in Excel? How do you find the sum count, largest, and smallest in Excel?
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Confidence interval for the population mean service charge
: Construct a 95% confidence interval for the population mean service charge if a customer's account falls below the $1,500 minimum.
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Determine the marginal cost and cpi
: Determine the marginal cost for bottle of wine and what will be the reduction in number of crashes at that intersection achieved by the mayor?
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How to enhance communication with subordinates
: How can you enhance communication with subordinates. Write down steps you have utilized enhance communication with subordinates.
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Develop an aggregate plan using a spreadsheet
: Helter Industires, a company that produces a line of women's bathing suits, hires temporaries to help produce its summer product demand.
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Policies restricting the use of cell phones
: 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,
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Evaluating hearing impairment
: Describe the international standard used for evaluating hearing impairment and how it is used for calculations
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