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A company manufacturing electronic components for home entertainment systems buys electrical connectors from three suppliers. The company prefers to use supplier A because only 1% of those connectors prove to be defective, but supplier A can deliver only 70% of the connectors needed. The company must also purchase connectors from two other suppliers, 20% from B and the rest from C. The rates of defective connectors from B and C are 2% and 4% respectively. You buy one and find that it is defective. What is the probability that it came from supplier A?
As a manager of an organization, what statistics from this module would you use and why if you wanted to estimate your annual employee turnover? In your post, be sure to specifically identify the statistical formulas and what additional data you woul..
Kellogg's cereal company regularly tests its production line to ensure the accuracy of the loading mechanisms. From a population of cereal boxes marked "12 ounces," a random sample of [n=16 boxes] is selected and the contents of each box is weighed...
One of the most important decision a manager will make is how to allocate and (or) use resources available to the company. It is vital for managers to "get it right" because the consequence may be too drastic for the company to bear.
If the budget analyst wanted to build a regression model using only two independent variables to predict nursing salaries, what variables should be used?
Research question - Is there a positive correlation between the amounts of profits (Dependent Variable) and total sales (Independent Variable) based on the costs of the process of production and distribution?
1) What percentage of hospitals provide at least some charity care? Based on a random sample of hospital reports from eastern states, the following information is obtained (units in percentage of hospitals providing at least some charity care):
The average weekly earnings of the plumbers in a city is (u=$750) with a standard deviation of (SD=$40). Assume that we select a random sample of [n=65 plumber], what is the proability that the sample mean [x bar] will be greater than $740 or greater..
Use data from all networks, not just CBC movies and how well does this regression analysis explain the ratings?
A flange bolt wears out because of fatigue in accordance to lognormal distribution with MTTF = 10.00 hr and s =2.00. If preventive maintainance consists of periodically replacing the bolt, what is the reliability at 550hr with and without pre..
An analysis of the final test scores in this class shows that the scores follow the normal distribution. The mean of the distribution is 75, and the standard deviation is 8. The professor wants to award an A to a student whose score is in the highest..
in 350 words or more, explain how you might view statistics differently and how you will use statistics in your everyday life. Will you apply what you have learned in this course? How?
1. an art professor was interested in seeing what size group is best to prime the pump so to speak to encourage
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