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Over dinner, your father mentions that he is considering retiring from real-estate sales. He has found a small retail business for sale, which he is considering acquiring and run ning. There are so many issues to think about, however, that he has a difficult time keep ing them all straight. After hearing about your decision-analysis course, he asks you whether you have learned anything that might help him in his decision. What kinds of is sues are important in deciding whether to buy a retail business? Describe how he might use sensitivity analysis to explore the importance of these issues.
The J.O. Supplies Company buys calculators from a Korean supplier. The probability of a defective calculator is 10%. What is the probability that 4 or more of the calculators will be defective?
a basketball team has three pure centers four pure forwards four pure guards and one swing- man who can play either
Chocolate bars produced by a certain machine are labeled with 8 oz. The distribution of the actual weights of these chocolate bars is Normal with a mean of 8.1 oz and a standard deviation of 0.1 oz. What proportion of chocolate bars weighs less th..
warren county telephone company claims in its annual report that the typical customer spends 60 per month on local and
1. mention the characteristics of statistics. explain any two applications of statistics.2. distinguish between primary
deer ticks wildlife biologists inspect 153 deer taken by hunters and find 32 of them carrying ticks that test positive
To investigate he selects a sample of eight weeks and determines the number of new cars sold and the number of sales people on duty for that week. a) What are the dependent and independent variables?
there are 10 aaa batteries in a box and 3 are defective. two batteries are selected without replacement. what is the
the following games are played with 8 cards the four kings and the four aces. the dealer fans the cards with their back
A market researcher believes that brand perception of one of the company's products may vary between different groups. After interviewing286 persons, the following data was compiled. Can we conclude that brand perception is dependent on age
At the .05 level, you are testing whether there is a significant difference in the proportions of college students and similar aged non college students having accidents during the two year period. Is this a test of sample means or sample proporti..
In a completely randomized experimental design, 18 experimental units were used for the first treatment, 10 experimental units were used for the second treatent, and 15 experimental unites were used for the first treatment.
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