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1. The French Enterprise wishes to market its product, Learn French in 5-Days. It has selected television and radio to market this product. A 1-minute television ad costs $30,000 and 1- minute radio add costs $5,000. French Enterprise should decide how many television ads to buy. Write down the decision variables?
a. 0 x1 = television channels and x2 = radio channelsb. 0 x1 = number of French students and x2 = number of English studentsc. 0 x1 = 30,000 and x2= 5,000d. 0 x1 = number of 1-minute television ads and x2= number 1-minute radio ads
2. Which of these statements is NOT correct about CPM and PERT?
a. In project, if the duration of activities is known we use PERT, if duration is not known we use CPM.b. CPM and PERT have been utilized in scheduling construction projects,c. The predecessors are set of activities that should be completed before activity.d. CPM and PERT have been utilized in building ships.
A study conducted at a certain college shows that 53% of the school's graduates find a job in their chosen field within a year of graduation. Find the probability that among 7 randomly selected graduates, at least one finds a job in his or her cho..
In a random sample of 800 customers selected for a short phone interview, 96 have stated that they have received their shipments late. The company's claim is that the percentage of late shipments is at or below 10%.
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When we have data that are measured at the interval/ratio level of measurement, there are:
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The American Bar Association conducted a survey in 1986 showed that the average income of lawyers in 1986 was $ 120,000. An investigator took a sample of 64 lawyers in 1990, produced a median income of $ 140,000 with a standard deviation of $ 24.5..
The Wall Street Journal reported some interesting statistics on the job market. One statistic is that 40% of all workers say they would change jobs for "slightly higher pay."
For testing the null hypothesis at the 4% level of significance that mu GE 100 vs the alternative that mu
What is the technical definition of alpha? When might a "high level of proof" be required in business? Why does a "high level of proof" mean a small value of alpha?
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