A small town is in a population decline. The town manager has discovered that the town's population is decreasing exponentially at 6% annually. Based on this trend, the town population has decided that if the population falls to 1,000 or less, they cannot pay the town manager's salary. A) If the 2003 population is 12,345 peo
Confidence Intervals for the Mean (Large Samples) Find the critical value zc necessary to form a confidence interval at the given level of confidence. (References: definition for level of confidence a. 95%= b. 75%=
The Springdale School board has made the decision to close one its junior high schools (seventh and eight grades) at the end of the school year and reassign all of next year's students to one of the three remaining junior high schools. The school district for the closed school has been divided into five areas as shown in the ta
5. In the transportation problem on the next page, products are produced at plants in Locations A and B and shipped to warehouses in locations X, Y and Z. 5a. According to the model formulation, what is the capacity of Plant B? _________ 5b. According to the model formulation, what is the demand at warehouse Z? ________
1. Draw the PERT network, identify the earliest and latest start time for each activity and the amount of slack for non-critical activities Completion Immediate Earliest Latest Amount Activity Time Predecessor Start Start
In 1990, the population of Austin, Texas, was 494,290. During the next 10 years, the population increased by about 3% each year. A. Write a model (equation) showing the population, P, in thousands of Austin t years after 1990. B. What was the population in 2000? Show your work. C. Estimate the year when the population
As the production manager for an electronic circuit company you have encountered the following situation. Part 1 A process for producing electronic circuits has achieved very high yield levels. An average of only 10 defective parts per million is currently produced. What are the upper and lower control limits for a samp
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Hello. I need help towards this one problem only. It tends to be confusing to me. Please can anybody help me? Determine whether a probability distribution is given. In those cases where a probability distribution is not described, identify the requirements that are not satisfied. In those cases where a probability distributio
The monthly average low temperatures* during different months of year at Denver, CO are given below: January February March April May June 5 8 18 29 40 50 July August September October November December 55 53 44 32 24 12 Source: www.weather.com Word-process your solution and answers below. a) Find the mean year
Below is some data from 2005 for on-the-job deaths in some dangerous jobs. Which job seems the most dangerous? Which seems the least dangerous? Explain. total deaths total employed Driver 993 3,412,370 Farmers 341
The life span of a battery is normally distributed, with a mean of 2000 hours and a standard deviation of 30 hours. What percent of batteries have a life span that is more than 2065 hours? 1. 3% 2. 2.6% 3. 1% 4. 1.5%
1.22 The U.S. Census Bureau site, www.census.gov,contains survey information on people, business, geography, and other topics. Go to the site and click on Housing in the "People and Households" sections. Then click on American Housing Survey. a. Briefly describe the American Housing Survey. b. Give an example of a categor
In your own words explain the difference between "descriptive statistics" and "inferential statistics." Explain with example situations.
While exploring data that was collected for an investigation of resources needed for software testing and improvement, you have found an outlier. The study is focused on two variables: the number of bugs found in the code and the time (in person-hours) required to fix them. The outlier corresponds to a very large project with
Consumers didn't need to be told that Jazz Diet Pepsi was about to hit store shelves; they could smell it. The soft-drink company had placed an ad laced with scents of black cherry and French vanilla in the October 2006 edition of People magazine. Four months later, British travel agency Thomson Holidays sprayed its store win
Complete the table above using Excel functions. You may also use pivot tables if you know how to (see pgs 77-80) (Those of you familiar with SPSS or Minitabs may use those programs instead) (20 pts) Answer the following using the same programs: 1) Which customer type (promotional or regular) spent the most money on average? EXPLAIN (2 pts) 2) What was the standard deviation for promotional and for regular customers? Which group had less variability in their purchases? EXPLAIN (3 pts) 3) Create a bar chart (see pgs 73-75 for histograms) for net sales for all customers. Are net sales positively or negatively skewed--EXPLAIN. Keep bar chart as part of your answer (5 pts)
PELICAN STORES Pelican Stores, a division of National Clothing, is a chain of women's apparel stores operating throughout the country. The chain recently ran a promotion in which discount coupons were sent to customers of other National Clothing stores. Data collected for a sample of 100 in-store credit card transactions at Pe
2. Each year the local country club sponsors a tennis tournament. Play starts with 128 participants. During each round, half of the players are eliminated. How many players remain after 5 rounds? At what round does the tournament can't be played anymore? Chart the decay rate.
Let W(t) be a Brownian motion. For each of the following processes, verify whether it is a martingale process: (1) X(t)=W^2(t)−t (2) X(t)=W^3(t)−3tW(t) (3) X(t)=t^2W(t)−2∫uW(u)du (The limit on the integral is 0 to t) (4) X(t)=W^2(t)
A candidate for mayor in a small town has allocated $40,000 for last minute advertising. He will be using two types of ads radio ads which cost $200 per ad and reach 3,000 people and television ads which cost $500 per ad and reach 7,000 people. In planning the campaign the manager would like to reach as many people as possible b
There are 4 samples of 40 individuals each interviewed to find out how often they visit a fast food restaurant in the week. The averages of each sample were 2.5, 3.4, 2.3 and 3.0. If the average is 2.85 and its standard deviation is 50 and we assume that the population is normally distributed. a) Find the sampling error for e
1. Suppose that a broad cross section of high school students took a very difficult scholarship exam and almost all scored very low but a very small number scored very high. When plotted as a curve, the distribution will show what type of skew? 2. Which type of distribution is often found in the nature? 3. What is the form
The grade point average of students at a university is normally distributed, with a mean of 2.6 and a standard deviation of 0.6. A recruiter for a company is interviewing students for summer employment. What percentage of the students will have a grade point average of 3.5 or better?
X is a normally distributed random variable with a mean of 12 and a standard deviation of 3. The probability that X equals 19.62 is ?
Many people attend work and produce little or nothing of value that is why they are terminated. attendance + work quality = productivity. Can you think of other variables that influence productivity
Sect. 5-2, p. 209 Identifying Probability Distributions. In Exercise 7-12, determine whether a probability distribution is given. In those cases where a probability distribution is not described, identify the requirements that are not satisfied. In those cases where a probability distribution is described, find its mean and
Identify the scale of measurement in each of the following: a. attitudes toward school b. grouping students on the basis of hair color c. asking judges to rank order students from most cooperative to least cooperative
The following frequency distribution reports the electricity cost for a sample of 50 two bedroom apartments in Albuquerque, New Mexico during the month of May last year. a. Estimate the mean cost. b. Estimate the standard deviation. c. Use the Empirical Rule to estimate the proportion of costs within two standard deviations
1. a. Computer stocks currently provide an expected rate of return of 16%. Dell, a large computer company, will pay a year-end dividend of $2 per share. If the stock is selling at $50 per share, what must be the market's expectation of the growth rate of Dell dividends? 1. b. If dividend growth forecasts for Dell are revised
Assignment #8: Cost-benefit Analysis and Related Topics 1. Suppose you are the primary decision-maker (with input from the board, of course) in the healthcare corporation known as Medical Care at Your Doorstep (MCYD). The clinics operated by MCYD are located in areas that underserved by hospitals and the mission of