Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Random number generation based on discrete distribution.
First American Bank is trying to determine whether it should install one or two drive-through teller windows. The following probability distributions for arrival intervals and service times have been developed from historical data:
Time Between Arival
Probability
1
0.2
2
0.6
3
0.1
4
Service Time (In Min)
0.4
5
6
Assume that in the two-server system, an arriving car will join the shorter queue. When the queues are of equal length, there is a 50-50 chance the driver will enter the queue for either window.
a. Simulate both the one-and two-teller systems. Compute the average queue length, waiting time, and percentage utilization for each system.(using excel)
b. Discuss your results in (a) and suggest the degree to which they could be used to make a decision about which system to employ.
The probability distribution of a random variable X is shown below, where X represents the amount of money (in $1,000s) gained or lost in a particular game of Blackjack.
Explain briefly and in nontechnical language what "a significant difference (P
Utilize the given degree of confidence also sample data to construct a confidence interval for population proportion.
1.bias of a statistic refers toa.the difference between a statistic and the actual parameter.b.whether or not questions
Suppose a bookie will give you $6 for every $1 you risk if you pick the winner in 3 ballgames. For every $1 bet, you either lose $1 or gain $6. What is the bookie's expected earnings per dollar wagered?
Assume the data for the three groups are independent and the data are approximately Normal. The P-value is less than 0.01. The correct conclusion is that
What is the expected number of contracts that it will win? What is the expected profit for each contract? What is the company's expected total profit on these three bids?
They are thinking of introducing a new flavour, maple-marshmallow Frumpies, and want to know whether children will prefer the new flavour to the old one. Design a completely randomized experiment to investigate this question.
A farmer in Iowa owns 45 acres of land. He is going to plant each acre with wheat or corn. Each acre planted with wheat yields $200 profit, requires 3 workers, and requires 2 tons of fertilizer; each with corn yields $300 profit, requires 2 worker..
Write a Brief Review of the Literature. Be sure to include the five studies from the Week 6 assignment and all relevant sources from your previous course work.
Whole Foods needs at least 1,000 units of beets. The Ames supplier can supply at least 400 units and the Zearing supplier can supply no more than 900 units. Develop constraints for these conditions.
Find the mean score, X , of the data in the frequency distribution above and find the standard deviation of the scores in the frequency distribution above.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd