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Suppose you work for a company that manufactures electronics. The development analysts estimate that 2% of their flagship product will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $1500.
How much should they charge for a 2 year extended warranty so that they will still make money selling the extended warranties in the long run and keep the cost of the warranties as low as possible to make them more marketable?
Write up your proposal to the VP of marketing and promotions with enough explanation that someone from our class could understand it.
In a recent year, about two-thirds of U.S. households purchased ground coffee. Consider the annual ground coffee expenditures for households purchasing ground coffee
There are three hospitals in the Tulsa, Oklahoma, area. The following data show the number of outpatient surgeries performed at each hospital last week.
Suppose that 15% of the population is left-handed. If 20 people are selected at random, find the probability that exactly 4 of them are left-handed.
Draw a straight or dotted line for graphing. Most especially the below problem. Please assist. Could you also let me know what is the significance of the dotted and straight lines?
Discuss what happens to the width of the confidence interval as the confidence level is increased. Does this seem reasonable? Explain.
Suppose you want to test the claim that a mean is greater than 25.6, where the population standard deviation is known. Given a sample size of n = 44 and a level of significance of when should you reject?
A researcher selected a sample of 50 residents from each of three different cities to determine if they were willing to participate in a medical experiment. At a = .05, test the claim that the proportions who will participate are equal.
If employee is chosen at random, determine these probabilities.The Employee smokes, The employees smokes, given that he/she graduated from college.
Compute and interpret each of the statistics in parts(a) through (f) Mean and Median.
Find the sample space for the number of outcomes (you don't need to list the possible outcomes, just how many possible outcomes there are).
Suppose that you are the director of table game operations at a large casino, known especially for its poker room. You are interested in determining the average number of hands the casino should expect per hour during peak hours in the poker room.
Such that setting the two equations together we see that at t=4 seconds, the distance that Peter travelled is the same as the distance of the room 40ft.
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