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Flavin Cosmetics sells 80,000 tubes of lipstick annually. By leasing a casing machine at a cost of $9,000 per year which is capable of producing 200,000 tubes per year. The production set up cost to use this machine is $200 and the production cost of tube is $.38. In Flavin estimates its holding cost rate for tube is 20%, what is the maximum inventory level (rounded to the nearest integer) for Flavin?
a. 15,894
b. 18,104
c. 26,491
d. 31,512
e. None of the above
Find the probability that you will (a.) make your first sale on your fifth call, (b.) make your sale on the first, second or third call, and (c.)do not make a sale on your first three calls.
Use the commutative and associative properties of multiplication and exponential notation to rewrite the product.
A researcher plans to compare two treatment conditions by measuring one sample in treatment 1 and a second sample in treatment 2. The researcher will then compare the scores for the two treatments. If there is a difference between the two groups o..
Is there a statistically significant difference in the proportions of women delivering preterm among the three treatment groups
The histograms of some sampling distributions are symmetrical. T-F What would make a histogram symmetrical, and give an example of a symmetrical distribution? A random sample of size 36 is to be selected from a population that has a mean μ = 50 an..
The level of significance is quantitatively defined as ? and the statistical power of a test is quantitatively defined as 1-?
Consumers reported on average 1.7 problems per vehicle with a popular make and model of a 2006 car. We randomly select a vehicle of the same make, model, and year.
construct a 96 confidence interval for the true mean breaking strength of a certain type of 10 ft. long cables. assume
Suppose a small bicycle manufacturer makes cheap bikes that sell for 180$ each. The total cost of producing x bikes (in $) is given by c(x)=6000+240x-0.8x^2, where x is up to 200 bikes.
A psychologist is examining the influence of an older sibling in the development of social skills. A sample of 24 three year old children is obtained.
a manufacturer of cordless electric shavers sampled 13 from a days production and found the mean time of continuous
Credit card holders follows a normal distribution with unknown mean and known standard deviation of $90. what is the 99% confidence interval for the mean?
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