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The time a cashier spends processing individual customer's order are independent random variables with mean 2.5 minute and standard deviation of 2. What is the approximate probability that it will take more than 4 hours to process the orders of 100 people?
Operators are to answer telephone calls from customers in an average time of 0.1 minute or less, and either respond to or refer to the proper department within 0.5 minute.
A coin is tossed 20 times. A person, who claims to have ESP is asked to predict the outcome of each flip in advance. She predicts correctly on 14 tosses.
Burnwood Tech plans to issue some $60 par preferred stock with a 6% dividend. A similar stock is selling on the market for $70. Burnwood must pay flotation costs of 5% of the issue price.
What is the probability of finding 1 or more children with chronic bronchitis in a population where the incidence rate of chronic bronchitis is 10% (like the one above?)
Using a critical value, test hypothesis at the 1% level of significance.
Construct a time series plot. What type of pattern exists in the data? Compute the exponential smoothing forecasts for a = .2.
Determine for each variable if it is the explanatory variable, the response variable, or whether it could be both.
The speed limit on Interstate 75 around Findlay, Ohio, is 65 mph. On a clear day with no construction, the mean speed of automobiles was measured at 63 mph with a standard deviation of 8 mph.
What is the probability that a randomly selected automobile manufactured by the company will have a defective microprocessor?
Find the product of the vector of state probabilities for the preceding period and the matrix of transition probabilities.
At a food processing plant, a machine produces 10 lb bags of sugar. In this particular process, it is important that the sugar content does not go below 9.9 lbs. In fact, when the bags of sugar are less than 9.9 lbs, maintenance is performed on th..
The Awake Coffee Company produces gourmet instant coffee. The company wants to be sure that the average fill of coffee containers is 12.0 ounces.
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