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A distributor of pre-washed shredded lettuce is opening a new plant and considering whether to use mechanized process or manual process to prepare the product. The manual process will have a fixed cost of $43,400 per month and a variable cost of $1.80 per 5-pound bag. The mechanized process would have a fixed cost of $84,600 per month and a variable cost of $1.30 per bag. The company expects to sell each bag of shredded lettuce for $2.50.
a) Find the break-even point for each process.
b) What is the monthly profit or loss if the company chooses the manual process and sells 70000 bags per month?
A survey found that 85% of women in a given city enjoy shopping online. Suppose you randomly selected 6 women from the city and ask them whether or not they enjoy shopping online. Find the probability that exactly 4 say they enjoy shopping online.
What is the 99% confidence interval for the true proportion of all e-mail subscribers that opened the e-mail within 24 hours of receiving it?
A banks loan officer rates applicants for credit. The ratings are causally distributed with a mean of 200 also a standard deflation of 50.
Suppose that during a basketball practice. Joe tries 3 shots from the free throw line; imagine further that he has a probability equal to 0.6 of making each shot and that the attempts are independent. Let 'X' be the number of baskets he makes in t..
For each of the 50 states and Washington, D.C., a number of statistics related to education are available for 1992
Looking at the data, the manufacturer is incorrect in its label claim. Perform hypothesis testing to prove or disprove it. Is the manufacturer correct in its label claim? Explain.
Supposing a linear relationship, use the least squares method to find the regression coefficients b 0 and b 1 .
Explain your answer to someone who is familiar with the t test for a single sample, but not with the t test for independent means.
The calculated Z test statistic is a positive value that leads to a p-value of .045 for the test. If the significance level (α) is .01, the null hypothesis would be rejected.
What was the success probability of each O-ring?
Perform pair wise comparisons of the treatment means by computing a Tukey simultaneous 95 percent confidence interval for each of the pair wise differences μ1 - μ2, μ2 - μ3, and μ2 - μ3. Which type of program content results in the worst mean bran..
A restaurant monitors its customer's complaints, With information, which of the following is a Pareto chart of the data?
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