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Probability Distribution, Mean, Variance and Weekly Profit
Natway, a national distribution company of home vacuum cleaners, recommends that its salespersons make only two calls per day, one in the morning and one in the afternoon. Twenty percent of the time a sales call will result in a sale. Write out the probability distribution for of sales during a five-day week. What is the mean and variance of this distribution?
Assume that the profit from each sale is $750 for the situation in additional problem. What is the expected weekly profit for a salesperson?
what is the probability that all will make a purchase and evaluate the probability that a light bulb will burn out in less than 1000 hours.
Root test for convergence of geometric series and evaluate the interval of convergence of a power series.
Using a 0.025 significance level, test the claim that the proportions of agree/disagree responses are same for the subjects interviewed by men & the subjects interviewed by women.
Q. solve using simplex method, Hence using the sensitivity analysis, find the new optimal solution of the LPP if the availability of the second constraint is changed from 11 to 15
Calculate an exponentially smoothed forecast, using an alpha value of .30.
The strategy that maximizes the campus bookstore earnings.
Construct a computer simulation model to keep track of the cash flow
Three marbles are chosen without replacement from a box containing 12 red, 7 blue, and 8 yellow marbles. Let X be the number of blue marbles chosen.
Find whether the given information results in one triangle.
Evaluate the maximum revenue using cost and revenue function.
Use a two sided test at the alpha level.
Conversion of angle measures from degrees to radians - Fill in the missing blanks by using the conversions between radians and degrees to find your solutions
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