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Really need help with this problem. Please show me how to set it up in the correct steps.
a. Ryan is planning to finance her college education by selling programs at the football games for her team. there is a fixed cost of $400 for printing these programs, and the variable cost is $3. there is also a $1,000 fee that is paid to the university for the right to sell these programs. If Ryan was able to sell programs for $5 each, how many would she have to sell in order to break even?
b. Sales have fallen as a result of the team losing streak and attendance has fallen off. Ryan will only sell 500 programs for the next game. If it was possible to raise the selling price of the program and still sell 500, what would the price have to be for Ryan to break even by selling 500?
In brief describe three situations in which the 'First In First Out' discipline rule is not applicable in queuing analysis. Provide examples of four situations in which there are limited, or finite population.
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Note that under the exponential assumption, P(X>t) = exp(-t/theta). If t=5, use the result from (a) to find an approximate one-sided lower 95% confidence limit for theta.
The p-value of the test is closest to:
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30% of households say they would feel secure if they had $50,000 in savings. you randomly select 8 households and ask them if they would feel secure if they had $50,000 in savings. find the probability that the number that say they would feel secu..
Sample data recently collected indicate that Dough Boy's crusts average 30 centimeter in diameter, with a standard deviation of 1.1 centimeters.
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