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Suppose you work for a company that manufactures electronics. The development analysts estimate that 2% of their flagship product will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $1500.
How much should they charge for a 2 year extended warranty so that they will still make money selling the extended warranties in the long run and keep the cost of the warranties as low as possible to make them more marketable?
Write up your proposal to the VP of marketing and promotions with enough explanation that someone from our class could understand it.
Selection of a location for a prospective Wal-Mart creates many questions for executives. A suitable site would be one that has an adequate demand for Wal-Mart offerings, sufficient transportation resources, and an available labor force.
Borst et.al. investigated the relation of ego development, age, gender, and diagnosis to suicidality among adolescent psychiatric inpatients.
With a mean of $8.90 and a standard deviation of $5.70. She waites on 30 parties. What is the probability that she will earn at least $350?
Under what conditions should you use the Chi-Square Test to determine whether there is a difference between proportions of two independent populations?
One definition of a low-mileage car is one that is 4 years old and has been driven less than 45,000 miles. What percent of the cars returned are considered low-mileage?
In the week before and the week after a holiday, there were 10,000 total deaths, and 4972 of them occurred in the week before the holiday.
Write down the difference between reliability and validity? Write down the different kind of reliability and validity. What kind of reliability and validity would you seek in assessing employee performance?
Faced with rising FAX costs, a firm issued a guideline that transmissions of 10 or more should bw sent by 2-day mail instead. Wxceptions are allowed, but they want the average to be 10 or below.
Develop a linear regression model for these data and forecast carpet sales if 30 construction permits for new homes are filed.
If possible. Find P( )
A straight rod is formed by connecting three sections A, B and C, each of which is manufactured on a different machine. The length of section A, in inches has a normal distribution with mean 20 and variance 0.04.
Assume salaries are normally distributed with a standard deviation of $4,500. What is the probability of a new graduate receiving a salary between $45,000.
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