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A college cafe receives a profit of $1.25 for each cup of house tea that the sell, $1.40 for each cup of the premium brand, and $1.50 for each cup of their special blend that they sell. Develop an objective that maximizes profit.
Use the chi square test to find the listed occupations
The solution to Queuing Analysis. The Bay City Police Department has eight patrol cars that are on constant call 24 hours a day. A patrol car requires repairs every 20 days, on average, according to an exponential distribution
Determine the expected payoff of the game
Estimate all the stationary points
Standard normal probabilities. According to an article in The New York Times, 19.3% of New York City adults smoked in 2003. Suppose that a survey is conducted this year.
One car is selected at random from the cars with vehicle tags from these cities, What is the probability that this car is from Salem?
Suppose we want to determine the (binomial) probability (p) of getting 5 heads in 15 flips of a 2-sided coin. Using the Binomial table in the appendix of the text, what values of n, x, and p would we use to look up this probability, and what would..
Quantitative Methods- Probabilities Problem. A country road averages 6 potholes per mile. A road crew is sent out to repair the road. Find the following probabilities. Use the appropriate table or software if you want.
Normal Probability: Diameter of Grapefruits. The diameters of grapefruits in a certain orchard are normally distributed with a mean of 5.44 inches and a standard deviation of 0.41 inches.
State at least two hypotheses you might use, specifically stating the null & alternate hypotheses & the type errors that might occur.
Examples of Probability and Statistics in Real Life, Can you think of situations in the business world or other real life situations where you would need to calculate or estimate probabilities?
What is the ratio of cranberry juice to apple juice?
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