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If a company has m hours of machine time and w hours of labor, it can produce 3m^(1/3)w^(2/3) units of a product. Currently, the company has 216 hours of machine time and 1,000 hours of labor. An extra hour of machine time costs $100, and an extra hour of labor costs $50. If the company has $100 to invest in purchasing additional labor and machine time, would it be better off buying I hour of machine time or 2 hours of labor?
Many people do not "like" or "trust" single point estimates for things they need measured. Looking back at the data examples you have provided in the previous discussion questions on this issue, how might adding confidence intervals help managers..
Determine which fin arrangement is superior. In your analysis calculate the heat rate, efficiency. and effectiveness of a single fin, as well as the total heat rate and overall efficiency of the array. Since real estate inside the computer enclosu..
What variables might explain or predict an outcome in your department or life? If you generated a regression equation, how would you interpret it and the residuals from it?
Draw a network to represent the possible subcontractor-project assignments. Develop a linear model which would be used to minimize total mileage costs.
How can you determine when to use a lower one-tailed test of hypothesis versus an upper one-tailed test?
What is LabVIEW and How to make basic Electrical Projects in LabVIEW? How Load Characteristics of a Self-excited DC shunt Generator in LabVIEW works
1 every convergent sequence contains either an increasing or a decreasing subsequence.?proof suppose that limas n goes
Rewrite this function as a linear relation between redefined variables and Graph the data such that the linearity assumption can be tested. Compare the data in this plot with a linear function to find the model parameters.
A research analyst for an oil company wants to develop a model to predict miles per gallon based on highway speed. An experiment is designed in which a test car is driven at speeds ranging from 10 miles per hour to 75 miles per hour. The results ar..
Use Matlab to generate uniform, exponential, Rayleigh, and gamma RVs for different values of the parameters a and b. Plot the probability density function (pdf) curves for each RV and compare with the analytical pdfs.
Using the results from part (c) and the range rule of thumb, indentify the range of usual value.
Based on your intuition, what is your overall impression of using the power of crowds in a business setting-strengths/weaknesses, good applications/bad applications, etc.?
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