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Let the following linear programming problem:
Min A + 2B
Subject toA + 4B < 212A + B > 73A + 1.5B < 21-2A + 6B > 0A,B > 0
a) Determine the optimal solution to this problem.b) Convert this problem standard LP form.
The main purpose of this exercise is to check your understanding of significance level, p-values and power .
We often hear you can lie with statistics. This is one way of saying statistics can be easily mis-communicated. Find one example of how statistics are mis-communicated and explain why there was a mis-communication and what you would do to correct ..
Overall, the amount of work-hours involved in the festival preperation is normally distributed around 100 hours withn a standard deviation of 12 hours.
Say, for example, the correlation is 0.75 between Height (measured in inches) and Weight (measured in pounds). If Height were changed to being measured in centimeters (where 1 inch = 2.54 centimeters) what effect would this have on the correlation..
Provide a business example that you can apply regression to. State the null and alternative hypothesis using the appropriate phrasing for the type of regression chosen.
What are the hypotheses we would want to test for the Kleenex case?
The demand, D, on any given day is uniformly distributed over [80,140]. How many units should the retailer order to maximize expected profit?
A random sample of 16 students selected from the student body of a large university had an average age of 25 years and a standard deviation of 2 years.
You wish to do a community needs assessment survey of a community to find out how much office space is needed by professionals in the community.
When the underlying average of a time series is very stable and there is no trend, cyclical, or seasonal influences,
At the .10 significance level you will test to determine if there has been an increase in selling time. What is your decision?
A. what is the probability a randomly chosen business customer flying is on a jumbo jet? B. what is the probability a randomly chosen non-business customer is on an ordinary jet?
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