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Solve different inventory control problems using an appropriate OR method.
A week before the skiing season, a trade fair is organized where skiers can buy or exchange their skiing equipment. A local retailer has decided to sell winter gloves at the trade fair. The retailer can buy gloves for a reasonable price of £20 per pair and sell them for £45 per pair. The retailer can sell all the unsold gloves later on for £15 per pair; however, there will be an additional associated cost of £1 per unsold pair of gloves.
As there is no statistical data, the retailer estimate that they can sell 100, 120, 140, 160, 180, or 200 pairs of gloves, with equal probabilities.
How many pairs of gloves should the retailer order to maximize hi/her profit?
Write introduction to SPC (STATISTICAL PROCESS CONTROL)? Describe the use of SPC tools used at D2D?
Answer all of these questions using R Commander. Include all graphs, outputs from R Commander.
What is the equation for this regression model?
Ten students were sampled at random from a student population. Each was asked how many courses he or she was planning on studying in the upcoming year. The following is a list of the reported data values: 1, 2, 2, 3, 4, 5, 5, 5, 5, 6 What is the vari..
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A restaurant monitors its customer's complaints, With information, which of the following is a Pareto chart of the data?
I have computed an analysis of variance for three groups with 10 observations per group. Evaluate the degrees of freedom for the F test
The number of customers at a specialty meat store averages about 1500/day. The exact number varies from day to day. On Fridays before long weekends, the number of customers increases to about 3000. Which of the following statements is correct
Which of the following measures only the strength of a relationship?
These can have a large impact on tenure and promotion decisions at many institutions. One particular instructor had ratings in 3 courses in one semester as given by the table below for the statement "The instructor is an excellent teacher.
What can we conclude from this summary, Which of the following statements is correct and In which of the following situations would permutation tests be suitable
Mean threshold values and standard deviations for the three groups are given below. Normal probability plots showed the three populations were well approximated by the Normal distribution.
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