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The director of quality for Harley Davidson is conducting his weekly spot check of the transmission gear box of the newly introduced Wind Phantom series motorcycle. In this procedure, a random sample of 8 gear boxes are removed from the inventory pool of components and are checked for manufacturing defects. Historically, only 5% of the gear boxes have such flaws. Any flaws occur independently in different gear boxes.
A.) What is the probability that the director of quality's sample contains no gear boxes with manufacturing flaws?
B.) What is the probability that the director of quality's sample contains more than two gear boxes with manufacturing flaws?
Can you think of a policy; political, economic, social, or otherwise, that pushes people toward avoiding one type or another?
The Human Relations Department of Electronics Inc. would like to include a dental plan as part of the benefits package. The question is: How much does a typical employee and his or her family spend per year on dental expenses?
Using a spreadsheet, create a table that shows the relationship among the units of heights of people in centimeters, inches and feet in the range of 150cm to 2m. Use increments of 5cm.
Assume that the price of non-dividend paying stock is $32, its volatility is 30%, and the risk-free rate for all maturities is 5% per annum. Use derivagem to calculate the costs of setting up the following positions.
Explain how we test independent against dependent variables in a regression analysis? What's the set up? How are regression analyses often misused / misinterpreted at work or in the news? Cite an example.
A senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees how many months each worked for the firm before receiving a raise in salary.
How can the Binomial and Poisson probability distributions be utilized in solving business and marketing related questions? Identify an example of each.
Is there evidence to suggest a difference in the mean waiting times at the four body shops? Use the .05 significance level.
At 0.01 significance level can we conclude that mean fare has increased? Determine the p-value?
At the .01 significance level, can we conclude that the 30-yeer mortgage rate for small banks is less than 6 percent? Estimate the p -value.
Compute the mean and standard deviation of the scores and use these for the calculations below. Show your calculations on the back of his page.
Use a 0.05 significance level to test the claim that these credit rating are from a population with a mean that is equal to 700.
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