Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Gerald Black of BlackFly Airline has an exclusive contract to run flights of a four-passenger aircraft to a remote mining center. His contract requires him to fly if there are any passengers wanting to make the trip. His fixed costs per day are $400.00, his fixed costs per flight are $1,200.00, the variable cost per passenger is $25.00, and he charges $850.00 per passenger. He has tracked the number of passengers who flew with him over the past sixty days. His findings are summarized in the following table: Number of Passengers 0 1 2 3 4 Number of Days 5 12 15 21 7 Of course, he does not fly on days with zero passengers. Assume that this sample gives a good approximation to his future demand patterns. Let G be the random variable: profit on a future day. a.) Calculate the Expected Value, E[ G ], Variance, ?2[ G ] and standard deviation, ?[ G ], of his future daily profit. [Hint: You can calculate a profit corresponding to each number of passengers. The probabilities of those profits are then determined by the probabilities of the numbers of passengers.]
Psychomotor retardation scores for a large group of manic-depressive patients were approximately normal, with a mean of 930 and a standard deviation of 130. What fraction of the patients scored: a) between 800 and 1,100? b) less than 800? ..
A finite number of coins are placed on a row of slots of finite length
Formulate and solve a linear optimization model using the auxiliary variable cells method and write a short memo to the production manager explaining the sensitivity information.
Aggregate Demand and Aggregate Supply
Create a histograms for variable height-pull up Graph
Kevin Durant and Russell Westbrook are in a team 3 point shooting contest representing the Oklahoma City Thunder. They will alternate 3 point attempts and will continue to shoot until they miss a shot - ie when Kevin Durant misses he stops and ..
The manger of a restaurant that delivers pizza to college dormitory rooms
Find the probability that - exactly two of the workers have been exposed to asbestos - Find the probability that exactly 15 babies are female.
A bird lands on a power line of length L
a. Calculate the costs associated with level production and chase production strategies.
A typical incoming telephone call to your catalog sales force results in a mean order of $ 28.63 with a standard deviation of $ 13.91. You may assume that orders are received independently of one another.
Anxiety and Country
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd