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The ABC Company''s old equipment for making subassemblies is worn out. The company is considering two alternatives: a) Completely replacing the old equipment with new equipment b)
The monthly income of a company employee is normally distributed with the mean Rs. 20,000 and standard deviation of Rs. 5000. a) Find the probability that an employee earns more th
A machine that cuts corks for wine bottles operates in such a way that the distribution of the diameter of the corks produced is well approximated by a normal distribution with mea
Problem Construct a consumer price index for the information given by using (i) Aggregate expenditure method, (ii) Family budget method. Commodities
At a tennis tournament a statistician keeps track of every serve. The statistician reported that the mean serve speed of a particular player was 102 miles per hour (mph) and the st
Use the “best subsets” method to identify a “best” model for the data. Explain what you think is the best model and why.
Flifla sells tomatoes every day in Suk al Marqazi, the downtown fruit and vegetable market. He finds that he can order tomatoes in crates of 25 kg and he is able to stock a maximum
Marginal costing and Break-even analysis According to C.I.M.A. Manchester, "Marginal Price means the quantity at any given variety of result by which get worse scenario costs ar
difference between histogram and historigram
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