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A university has 1000 computers available for students to use. Each computer has a 250 gigabyte hard drive. The university wants to estimate the space occupied on the hard drives. A random sample of 100 computers showed a mean of 115 gigabytes used with a standard deviation of 20 gigabytes. What is the standard error of the mean.
Calculate the right-hand-side of constraint 1 to 11 (instead of 10) and solve the problem. How much did the profit increase as a result of this?
An increasing number of consumers believe that they have to look out for themselves in the marketplace. According to a survey conducted y the Yankelovich Partners for USA Weekend magazine, 60% of all consumers have called an 800 or 900 telephone n..
In a two player, one shot simultaneous move game each player can select strategy A or B. If both players select strategy A, each receives a payoff of $500.
A hypothesis test for a population proportion ρ is given below: Ho: ρ = 0.10 Ha: ρ ≠ 0.10
Solve the following LP problem using the corner point graphical method. At the optimal solution, calculate the slack for each constraints
Carleton Chemical claims that they can produce more than 800 tons of meladone on average per week. A random sample of 36 weeks of production yields the following results.
Two players, Ben and Diana, can choose strategy X or Y. If both Ben and Diana choose strategy X, every earns a payoff of $1000.
The given matrix demonstrate the payoffs for an advertising game between Hilton and the Oriental. The companies can choose to advertise or to not advertise.
A telemarketing firm in a certain city uses a device that dials residential telephone numbers in that city at random. Of the first 100 numbers dialed, 51% are unlisted. This is not surprising because 48% of all residential phone numbers in this ci..
Suppose you have been offered chance to participate in a Treasure Hunt game whose rules are as follows. There are 3-colored boxes: red, green and yellow.
There is 0.02% probability that a credit card holder of a company reports the loss or theft of the credit card each month. The company has 15,000 credit cards in Memphis. Use the Poisson distribution to answer the following questions.
A recent study by Ohio State University (March 5, 2008) suggests that students with cell phones may take more risks than students that do not have cell phones.
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