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The economy is coming back. John's boss is considering launching a new product.
The plant engineers have stated that if demand is high, the company will make $70 million dollars if it manufacturers the product in house. If the product is manufactured in China, then the company will make $90 million dollars. Doingnothing the company will make $5 million dollars. On the other hand if demand is low, the net will be a loss of $20 million when the product is made in house,versus a net of $10 million if made in China and $5 million if doing nothing. a. Marketing estimates the probability of low demand as 35% with a probability of 65% that demand will be high. As the Business Intelligence Analyst what is your estimate of the overall return and best course of action? b. The situation is said to be too sensitive to call with the current information when a 5% shift in probabilities changes the recommendation. Is this situation too sensitive to call without further information?
Indicatethe method ofconstructing histogram, frequency polygon and ogive. Define Frequency polygon and Frequency Curve. Explain clearly the relation that exists n them.
In an article in Accounting and Business Research, Carslaw and Kaplan investigate factors that in?uence "audit delay" for ?rms in New Zealand.
If a random sample of 8 adults is selected from the city, find the probability that exactly 3 adults respond that they enjoy using public transportation.
a binomial probability experiment is conducted with the given parameters. compute the probability of x successes in the
Assume that the distribution is normal. Based on the Empirical Rule, how many students scored between 57 and 93?
A study on body types gave the following results: 45% were short; 25% were short and overweight; and 24% were tall and not overweight.
How many departments would they need to survey to achieve this level of accuracy with 95% confidence?
What type of damage could occur if you grabbed a door frame with your left arm stepped with your right leg the leg shoots out from under you and you bounce down hitting the edge.
one classic use of the normal distribution is inspired by a letter to dear abby in which a wife claimed to have given
a what is the interpretation of the intercept in regressions 1 and 2? is the intercept meaningful?b please
In the linear programming formulation of the transportation problem, cost of transporting one unit of the material from a supply point to a demand point appears in
Determine if there is any difference between the pulse rates of smokers and nonsmokers. Compute the p-value of the test. Can you draw any conclusions?
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