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A bank is trying to determine which of two machines should be rented to process checks. Machine 1 rents for $10,000 per year and processes 1,000 checks per hour. Machine 2 rents for $15,000 per year and processes 1,600 checks per hour. Assume that the machines work 8 hours a day, 5 days a week, 50 weeks a year. The bank must process an average of 800 checks per hour, and the average check processed is for $100. Assume an annual interest rate of 20%. Then determine the cost to the bank (in lost interest) for each hour that a check spends waiting for and undergoing processing. Assuming that interarrival times and service times are exponential, which machine should the bank rent?
Find the probability value of H0:u 2.8 distribution with 10 banks giving stats of 5.7, 4.8, 6.0, 4.9, 4.0, 3.4, 6.5, 7.1, 5.3, 6.1 which gives us H1:u 5.38.
Finds the standard deviation of the time to prepare, copy and mail their tax return is 80 minutes. What is the standard error of the mean in this example?
Mike hears the weather forecast, and there ia a 50 percents chance of rain.Find the probability that he will have to work overtime given taht it rains.
question 1 summarise the provisions and purpose of the rics valuation-professionalnbsp standards the red book and
Suppose a new weight loss program was sponsored by the local health and fitness club in a small town. The program claims to make people lose more than five pounds in a month. Twelve participants were selected and their weights were recorded.
Which combination of factors produces smallest risk of Type I error?
the data in table are diameters in mm of holes in a group of 12 wing leading edge ribs for a commercial transport
a sample space s consists of five simple events with these probabilitiespe1 pe2 .15 pe3 .4 pe4 2pe5a find the
In a two-way ANOVA, there are 4 levels for factor A, 5 levels for factor B, and 3 observations for each combination of factor A and factor B levels. The number of treatments in this experiment equals:
What type of probability distribution will most likely be used to analyze the number of chocolate chip parts per cookie in the following problem?
What is the probability that the team wins tonight and that there will be a large crowd at tomorrow's game?
Tired of careless spelling and grammar, a company decides to administer a test to all job applicants. The test consists of 20 sentences. Applicants must state whether each sentence contains any grammar or spelling errors.
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