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Q1) Large shipment of TV sets is accepted upon delivery if inspection of 12 randomly selected TV sets yields no more than one defective TV.
a) Determine the probability that this shipment is accepted if 5% of total shipment is defective.
b) Determine the probability that this shipment is not accepted if 10% of total shipment is defective
Q2) In testing new drug, researchers found that 5% of all patients using it will have mild side effect. Random sample of 15 patients using drug is selected. Determine the probability that:
a) Exactly 3 will have this mild side effect.
b) At least 2 will have this mild side effect.
Developing a linear programming problem using Commuter Bus scheduling to minimize the total cost.
A company makes camshafts. The camshaft lengths need to be within a certain tolerance or they will not fit. They have produced x bar and s charts
Estimate using three day weighted moving average. Estimate sales for the next day using a three-day weighted moving average where the weights
A portfolio p of consisting 60% of stock X and 40% of stock Y, has a correlation ρpM = 0.62 with the market. What is the portfolio volatility? Statement on the diversification effect.
Explain the relationship between total gross and opening gross total gross and number of theatres total gross and week in top 60.
Results of study are summarized below. Use a 5% level of significance and test claim that opinion is independent of brand.
High levels of glucose in the blood are indications of diabetes, which is becoming more prevalent in the United States. Diabetes can lead to many complications such as blindness and heart disease. A random sample of 180 individuals had their blood su..
Compute the variance and standard deviation of the number that will arrive within two days.
Suppose that n trials of a binomial experiment result in no successes.
What is the standard deviation of expected returns for Stock X? For Stock Y?
Subjects at both sites were classified as dropouts if they left the study before the conclusion, or completers if they finished the study
Compute fraction of the employees cost between $1,500 and $2,000 per year? Evaluate percent that didn't have any dental expense.
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