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Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? Explain your answer. a. A local restaurant/bar offers discounted drinks during "happy hour," from 5 to 6 PM on weeknights. b. The price Company X charges for its ink cartridges is nearly as much as it charges for a printer. c. Packs of 5 T-shirts cost $10 while an individual T-shirt costs $4. d. Coupons for specials at a local grocery store can be downloaded from an online site. e. Computer and appliance manufacturers promote service contracts. f. Microsoft Office includes several programs in one package.
Prepare a report with your rankings of the judges. Also include an analysis of the likelihood of appeal and case reversal in the three courts. At a minimum, your report should include the probability of cases being appealed and reversed in the thre..
Previous studies have indicated the standard deviation of annual earnings for college students is $850. How large a sample would need to be taken to estimate the mean for college students' annual earnings to within $200 with 99% confidence?
Give a mathematical expression for the probability density function of driving distance.
What is the probability that the average length of a sheet is between 30.08 and 30.32 inches long and construct a 99 percent confidence interval around the mean annual expenditure in the bar.
Twenty-eight items are randomly selected from a population of 260 items. The sample mean is 38 and the sample standard deviation 5. Develop a 90 percent confidence interval for the population mean.
Given the following number of hours between breakdowns for 4 machines, are the machines significantly different? If so, how are they different? Which machine is the best?
What sample size must be taken to estimate the average gas price in houston with 99% confidence and max error of 5 cents? Assume population standard deviation of gas prices is 60 cents.
What is the estimated index of satisfaction for a person who first married at 18, has an annual income of $26,500, has three children living, has assets of $156,000.
Using the .02 level of significance, conduct a five-step hypothesis testing procedure to determine if the new processes significantly reduced the wait time.
Suppose that you are told that this student has at least three years of work experience. What is the conditional probability that this student has at least for years of work experience.
Experience ranges from 0 to 3. University ranking ranges from 1 to 4 (with 1 being the highest rank), and the Wonderlic test ranges from 0 to 50.
If we want to increase our confidence level from 95% to 99%, what happens to our confidence interval?
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