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The managers of MEGA Industries are considering to launch a new mixing plant and there objective is to maximize profit contribution. MEGA's engineers research, develop and design the new Gas Mixing Plant. To keep it simple the average contribution to profit during product life cycle (estimated 6 years) of the new Gas mixing Plant is estimated to be $275 million, $145 million and - $120 million for high, moderate and low market condition respectively. Marketing department of MEGA Industries also estimated that market condition can be high, moderate or low. There is a 34.50% probability that market will be high and 43.50% probability that the market will be moderate. If they didn't launch new mixing plant another alternate can contribute twenty five million profit for the same period (i.e. estimated 6 years)Draw the complete decision tree and determine whether the product should be launched or not.
A supermarket advertises that the waiting time spend by customers waiting in line at the cash register is uniform between 0 and 6 minutes.
If samples of size 224 were repeatedly selected from the population of children born to mothers with HIV antibody, what would be the mean number of infected children per sample?
The probability that more than 6 planes arrive in the next minute is _____.
Compute the score based on their appropriate class means and standard deviations:
You are the production manager of a company. Parachutes are woven in your factory using a synthetic fiber purchased from one of four different suppliers. The most important outcome for parachutes is strength of the fabric.
The results of a district spelling bee for both girls and boys are normally distributed. the 60 girls have a mean score of 71 with a standard deviation of 6, while the 50 boys have a mean score of 66 points with standard deviation of 5 points.
You can allow the cup to overfill 4% of the time. What amount should you set as the mean amount of coffee to be dispensed?
A normal distributed population has a mean of 250 pounds and a standard deviation of 10 pounds. Given n = 20, what is the probability that this sample will have a mean value between 245 and 255 pounds?
Determine the 90% confidence interval for average days worked by employees in all payroll departments?
Assume that 60 percent of the voters in a particular region support a candidate. Find the probability that a sample of 1,000 voters will yield a sample proportion in favor of the candidate within 4 percentage points of the actual proportion.
At 1 excavation site 8641 pot shards have been found that have not presently been cleaned also identified. Define the probability.
Suppose that, from a population of 75 bank accounts, we want to take a random sample of six accounts in order to learn about the population. How many different random samples of six accounts are possible?
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