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1. Business College is planning an online MBA tech program, start up cost for equipment, facilities, course development, staff recruitment and development is $350,000. College plans to charge tuition of $18,000 per student per year. The university administration will charge the college $12,000 per student for the first 100 students enrolled each year for administrative costs and its share of the tuition payments.
How many students does the college need to enroll in the first year to break even?If the college can enroll 75 students the first year, how much profit will it make?The college believes it can increase tuition to $24,000, but doing so would reduce enrollment to 35. Should the college consider doing this?
2. Manufacturer discovered 20% of all transmissions installed in particular style truck one year are defective. He contacted the owners of the vehicles and asked that they return the trucks to the dealer to check the transmission. The Auto Mart sold seven of these trucks and has two of the new transmissions in stock. What is the probability that the auto dealer will need to order more new transmissions?
When we say we have a confidence level of 95%, what do you think our "margin of error" is? If we move the level of confidence from 95 to 99%, what will happen to our margin of error? What will happen to the width of our confidence interval?
a statistics professor plans classes so carefully that the lenghts of her classes are uniformly distrubted between 48.0
Construct a 90 percent confidence interval for the true mean weight. (b) What sample size would be necessary to estimate the true weight with an error of ± 0.03 grams with 90 percent confidence?
Sample mean of $14.68 per hour. Assuming the population standard deviation of σ = $145, can we conclude that an increase occurred in the mean hourly earnings since 2001? Use α = .05.
a car manufacturer is concerned about poor customer satisfaction at one of its dealerships. the management decides to
the rayleigh probability density function is the special case of the weibull probability density function when alpha
The national basketball association calculates many statistics, as do other professional sports organizations.
with a mean of 74 and standard deviation of 16. what is the proportion of healthy people will have cbf readings between
Suppose you went to the Bureau of Labor Statistics web site and found several predictors of your salary. State three possible predictors and a simulated multilinear regression equation along with their p-values. What does your p-values tell you ab..
every year the cdc conducts phone surveys to assess the health risks of people in the u.s. this survey is abbreviated
What is the probability that tomorrow's return on your investment in ABC is somewhere between -1% and +.5%?
If you created a histogram what particular "elements" of a Histogram do you want the reader to notice? What is the overall impression that you expect the reader to have from looking at the Histogram?
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