# Quantitative Analysis

Color View is a manufacturer of color monitors for personal computers. The company uses the EOQ model with gradual replenishment to determine the production lot sizes for its various models. Color View's newest monitor is the X-435 model. The company expects sales of this model to run at the rate of 6,000 per year for awhile. The facilities for producing this model are shared with several other models. While these production facilities are devoted to the X-435 model, the production rate is 2,000 monitors per month. The cost each time the facilities are set up for a production run for this model is $7,500. The annual cost of holding each of these monitors in inventory is estimated to be $120. In each period the actual production-run time should last:

Please show work.

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#### Solution Summary

Quantitative Analysis is demonstrated.

BIOSTATISTICS

2.A group of 25 subjects have their diastolic blood pressures measured. The results, in SPSS are:

|-----------|-------|--------|

|N |Valid |25 |

|-------|--------|

| |Missing|0 |

|-----------|-------|--------|

|Median |85.00 |

|-------------------|--------|

|Mode |82.00 |

|-------------------|--------|

|Minimum |55.00 |

|-------------------|--------|

|Maximum |110.00 |

|-----------|-------|--------|

|Percentiles|25 |71.00 |

| |-------|--------|

| |50 |85.00 |

| |-------|--------|

| |75 |98.00 |

|--------|-------|--------|

Don't worry about values exactly at the endpoints of these intervals. Do the calculations roughly.

(1 point each)

a. What percentage of subjects were from 55 to 85?

b. What percentage of subjects were < 85?

c. What percentage of subjects were from 71 to 85?

d. What percentage of subjects were > 71?

e. What percentage of subjects were > 98?

f. Is there one value more common than the rest, and if so, what is it?

3. Assume you have already been give a Z value. This saves you a step. Consider and determine the following probabilities (1 point each).

A. Pr (-1 < Z < 1)

B. Pr (0 < Z < 1)

C. Pr (Z > 1)

D. Pr (-1 < Z < 0)

E. Pr (Z < -1)

F. Pr (Z > -2)

G. Pr (-1 < Z < 2)

4. Suppose the mean systolic blood pressure in a group of individuals is 150 mmHg, with a standard deviation of 15. Assuming SBP follows a normal distribution in this population, compute (1 point each):

A. Pr (135 < value < 165)

B. Pr (value > 165)

C. Pr (value < 135)

D. Pr (138.75 < value < 161.25)

5 Compute the 5th, 50th, and 95th percentiles of SBP from the previous question. (3 points: 1 each).

In questions 6 - 8, use the 1 and 2 SD rules, without the table.

6.In general, what percentage of a Gaussian data set is within 1 SD of the mean? What percentage is within 2 SD's of the mean? (2 points: 1 each)

7.If the mean grade on an exam was 80, SD = 6, where did about 68% of the grades fall? How about 95%? Assume the grades are Gaussian. (2 points).

8.Consider the following data: 1, 1, 2, 2, 4, 5, 6, 9, 40, 200

Use the 68% and 95% rules to test the normality of these data. (2 points).

9.A researcher studying a subtype of lymphocytes obtains a sample mean of 100 per mL, and a standard deviation of 20, with 25 subjects. Within what interval can you be roughly 68% sure the population mean number of these cells per mL lies? How about 95% sure? (2 points)

10.A researcher has a sample of 500 subjects. The mean is 40, median is 20, range 10-100. (2 points each)

a.Could this researcher calculate a useful interval with 95% probability of containing the population mean (using the mean and SEM)? Explain

b.Could the researcher use the mean and SD to usefully estimate where 95% of the individual subject values were? Explain

c)If there were 10 subjects, would your answers to a and b change?

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