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Fast Service Store has maintained daily sales records on the various size 'Cool Drink' sales. These are shown in the following table:
'Cool Drink' Price Number Sold
$0.25 75
$0.35 120
$0.50 125
$0.75 50
a.Set up a probability distribution for 'Cool Drink' sales.
b.What is the expected value of this probability distribution?
A product sold by Home Depot, Inc., with an annual demand of 1000 units has Co = $25.50 and Ch = $8. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution
Confirm that these statements are accurate by finding the geometric mean rate of increase.
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In a survey about soft drinks it was found that 5% of the respondents like diet soft drinks. 12% of them liked the brand Coke. Of all the Diet soda drinkers 40% liked Coke.
Salary information for a random sample of male and female employees of a large company is shown below.
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A researcher used stepwise regression to create regression models to predict Birthrate (births per 1000) using five predictors:
Determine the probability of examining a sample mean weight from any 20 women chosen from this population that is less than S (your sample mean) by using population standard deviation?
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