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Question:
Your firm designs training materials for computer training classes, and you have just received a request to bid on a contract to produce a complete set of training manuals for an 8-session class. From previous experience, you know that your firm follows an 85% learning rate. For this contract, it appears that the effort will be substantial, running 50 hours for the first session.
Your firm bills at the rate of $100/hour and the overhead is expected to run a fixed $600 per session.
The customer will pay you a flat fixed rate per session (Per Session Price.) If your profit markup is 20%, what will be the Total Price, the Per Session Price, and at what session will you break even?
Researchers conducting a clinical trial randomly assigned 60 patients with painful kneeosteoarthritis evenly into one of four treatment groups: glucosamine, chondroitin, Celebrex, orplacebo. After the study period, patients were asked if they experie..
A researcher is asked to determine whether or not a productivity objective (in dollars) of better than $75,000 per employee is possible. A productivity test is done involving 20 employees. What conclusion would you reach? The sales are as f..
What would the optimal action be for International before running the sneak preview?
What was the mean number of U.S. states in which all of the beer brands were sold in in 2008 and what was the mean number of U.S. states in which all of the beer brands were sold in in 2012?
Age Category Insurance Health Insurance
Obtain an approximation to the t distribution by Monte Carlo simulation. To fix ideas, let n=10. Step S: Generate X1,...,Xn i.i.d. N(0,1) and compute the t-statistic: T = sqrt{n}* barX / hatSigma where barX is the sample mean and hatSigma the sample..
1)A recent study conducted by the state government attempts to determine whether the voting public supports further increase in cigarette taxes. The opinion poll recently sampled 1500 voting age citizens. 1020 of the sampled citizens were in fa..
What is Goldberg's rationale for the study? Was the study designed to contribute to theory? Do the results of the study contribute to theory? For both questions: If so, how? If not, why not?
1. In the past, of all the students enrolled in "Basic Business Statistics" 10% earned A's 30% earned B's, 25% earned C's, 25% earned D's and the rest either failed or withdrew from the course. Dr Johnson is a new professor teaching "Basic Busi..
Sample 100 invoices. What is the standard deviation of xbar?
Find the probability
For a normal-shaped distribution with μ = 50 and σ = 8: a. What proportion of the scores has values between 46 and 54?
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