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A producer of pleasure boats wants to maximize revenue during the next month. Two types of boats are sold, x1 and x2. Type x1 sells for $40,000 and type x2 sells for $30,000. The x1 boats require 10 weeks of labor and 600 board feet of lumber each. The x2 boats need 3 weeks of labor and 1,000 board feet of lumber. There are 30 weeks of labor and 3,000 board feet of lumber available this season. Because of the desire to avoid ending up with uncompleted boats, the manager has specified that only integer solutions will be accepted. Use Excel to obtain the optimal solution.
A doctor believes that the standard deviation of systolic blood pressure is 450. A random sample of 24 patients found a standard deviation of 520. Assume the variable is normally distributed and a = 0.01. What are the critical values?
Pollsters try to determine whether or not a person is a "likely voter" before they count their opinion in a poll. If we assume 40% of the registered voters will actually vote, in a random sample of 100 registered voters we can be 95% confident tha..
Easy-Fly Airline took a random sample of 25 flights to determine if the mean time it takes for luggage to reach the travelers departing from a flight is less than 15 minutes. The sample mean was found to be 13.8 minutes with a standard deviation o..
If garage is robbed, determine the probability doors were left open?
Prepare a 10-13-question survey to gather primary data regarding your selected problem statement. Please note that you will not administer this survey as part of this assignment.
How many boxes must the processor sample to be 95 percent confident that the sample mean does not differ from the population mean by more than 0.2 pounds?
Given 7 male individuals in a Physical Education course, the number of sit ups each individual can do in a one minute period was recorded:
On their farm, the Friendly family grows apples that they harvest each fall and make into three products- apple butter, applesauce, and apple jelly.
The Bee line Café is well known for its popular homemade ice cream, which it makes in a small plant in back of the café. People drive long distance to buy the ice cream.
An internal study by the Technology Services department at Lahey Electronics revealed company employees receive an average of two emails per hour. Suppose the arrival of these emails is approximated by the Poisson distribution.
The symphony sells raffle tickets each year to raise money. Assume they sell 2000 tickets and the tickets cost $100 each.
Robinson & Associates performs employment screening for large companies in southern California. It usually follows two-step process. First potential applicants are given a test that covers basic knowledge and intelligence. If applicants score b..
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