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In a non instanteneous receipt model, daily demand is 55 units and daily production is 120 units, Co=$70 and Cc=$4 per unit per year. What is the maximum inventory level? (Assume that the facility is open 365 days per year.)
Two boats the prada (Italy) and the oracle (USA) are competing for a spot in the upcoming Americans cup race. They race over a part of the course several times. Below are the sample times in minutes at the .05 significance level.
Would the null hypothesis be accepted or rejected in this case?
Genzero Pharmaceuticals developed the following regression model based on time series data from the past 33 quarters, for one of its non-prescription cold remedies:
In an online survey of 4,001 respondents, 8% were classified as productivity enhancers who are comfortable with technology and use the Internet for its practical value (data extracted from M. Himowitz, "How to Tell What Kind of Tech User You Are,"..
We want to test the hypothesis about fairness of spinning the coin. Evaluate the true proportion of heads. Use 95% confidence interval. Do not forget to check conditions first.
In standard normal distribution standard deviation is always ___.
A silver dollar is flipped twice. Calculate the probability of each of the following occurring:
Assume there're three states of the economy: boom, moderate growth, and recession. The annual return on company A stock and company B stock in each state of the economy is given below
Cards are drawn one by one from a standard deck of 52 cards. Let X be the number of draws up to and including when the first diamond is drawn. If the cards are replaced in the deck, determine E(X). If the cards are not replaced in the deck, determ..
The grade point average of the students at UTC is 2.80 with a standard deviation of 0.84. The grade point average of students at UTK is 2.4 with a standard deviation of 0.84. Which university shows a more dispersed grade distribution?
A production process is known to produce a particular item in such a way that 5 percent of these are defective. If two items are randomly selected as they come off the production line
A flour manufacturer packs flour into paper bags, each of which is supposed to hold 10 pounds, or 160 ounces. Some customers have complained that the bags hold only 9.5 pounds, or 152 ounces.
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