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A shop is selling laptops at regular price and at half price. If the laptops are regular price a day they can be at regular price tha day after with proba 2/3, if the laptops are at half price a day they will be at half price the day after, except sundays where laptops are always at half price. modelise as a markov chain , matrix..
What is the probability that a randomly chosen package contains between 47 and 52 clips (inclusive) per package and What is the standard deviation of complaints received per week?
Business Ethics present the most moral theories, I would like to contrast the different views on moral theories that may have on capitalism and business.
Identify different types and levels of statistics. Describe the role of statistics in business decision making.
Entrepreneur Jones has a utility index of 5 for a loss of $1,000, and 12 for a profit of $3,000. He says that he is indifferent between $10 for certain and the following lottery:
Unruh Co. is being sued for illness caused to local residents as a result of negligence on the company's part in permitting the local residents to be exposed to highly toxic chemicals from its plant.
X and Y are both standard normal random variables (mean = 0, standard deviation = 1), statistically independent of each other. Create a simulation model to estimate the probability that X and Y are both positive and that their sum is less or equal..
Descriptives of a continuous : mean, median, mode, skewness, kurtosis, standard deviation and cross tabulation of two variables
A calculus instructor uses computer aided instruction and allows students to take the midterm exam as many times as needed until a passing grade is obtained.
A furniture store claims that a specially ordered product will take on average, a mean of 42 days to arrive. The standard deviation of these waiting times is 7 days. We suspect that the special orders are taking longer than this.
To produce x number of units of glass vases cost C(x)=12x + 39. My revenue is R(x)=25x. Both cost and revenue and cost are in dollars.
Calculate a simple one-year credit default swap spread using a recovery rate of 30% and an unconditional default probability of 4%. Assume that there are no accruals, payments are made annually and ignore discounting any cash flows.
By this time, you should have an organization selected and approved for your project. In this module, we are going to have our first application to that project. Identify any activity in your organization where you can apply breakeven analysis.
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