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If a manufacturer charges 'p' dollars each for shirts, then he expects to sell 2000-100p shirts per week. What polynomial represents the total revenue expected for a week? How many shirts will be sold if the manufacturer charges $20 each for the shirts. Find total revenue when the shirts are sold for $20 each.
Using the Hypothesis Tests Two Sample file and a .05 significance level, test whether there is a difference in the mean salary for men versus women.
Make for more scatter plots comparing GDP growth 1970-2000 to corruption, political rights, rule of law, and socio-political instability
Determine the minimum required sample size if you want to be 99% confident that the sample mean is within 2 units of the population mean given sigma = 7.8. Assume the population is normally distributed.
Credit card companies use a scoring model to determine the credit worthiness of a prospective card holder. Factors such as income, employment, home ownership, and credit history determine one's score.
The manager is concerned that sales are slipping, after taking into account the average value of sales for four consecutive Saturdays being $4800.
what is the probability that a randomly selected value from the distribution will be greater than 2.1 standard deviations avoe the mean?
To compute all the descriptive statistics for the following set of three test scores over the course of a semester. Which test had the highest average score? Which test had the smallest amount of variability?
Discuss the role of sensitivity analysis in LP. Under what circumstances is it needed, and under what conditions do you think it is necessary?
The sample mean was $22,098 and the standard deviation was $6050. Is there evidence at the 1% significance level that the cost of attendance has increased?
The objective is to maximize the expected net return. Define the optimal value function and give the optimality equation. Find the optimal policy.
Office Visits what is the age distribution of patients who make office visits to a doctor or nurse?
The mean number of flaws per 100 m of material produced on a certain machine at Blanktown Fabrics is 2. If flaws occur randomly, find the probability that in 50 m of material there will be less than 2 flaws.
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