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A company produces two products that are processed on two assembly lines. Assembly line 1 has 100 available hours, and assembly line 2 has 42 available hours. Each product requires 10 hours of processing time on line 1, while on line 2 product 1 requires 7 hours and product 2 requires 3 hours. The profit for product 1 is $6 per unit, and the profit for product 2 is $4 per unit.
Formulate a linear programming model for this problem.
Draw a normal probability plot for residuals using excel or Minitab. Do the residuals seem normally distributed? If yes, why?
Determine the probability of fatal accident over a lifetime? Describe your reasoning carefully. Hint: Suppose independent events. Why might the supposition of independence be violated?
The number of degrees of freedom corresponding to between treatments is:
Assume that the process is in control and that the population of all jar fills is normally distributed.
To find z-score and required probabilities based on Normal distribution. Assume that childrens weekly allowances are normally distributed in the population.
Assume the arrival of these emails i3 approximated by the Poisson distribution.
Why is it misleading to draw the conclusion from the test above that long-time exposure to cadmium reduces the vital capacity?
For a population with a mean of μ = 50 and a standard deviation of σ = 10, how much error, on average, would you expect between the sample mean (M) and population mean for:
The registrar of a college with a population of N=4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus.
Construct a 95% confidence interval for the average amount its credit card customers spent on their first visit to the chain's new store in the mall assuming that the amount spent follows a normal distribution.
A permutation resample for a two-sample test
Formulate the hypotheses that can be used to test the validity of the brokerage firm executive's claim.
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