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Suppose you are an events coordinator for a club with 77 members. The club decides to do a raffle as a fundraiser to buy t-shirts for all members of the club (at $7.77 per shirt, including tax) and to make a donation to Classroom Central. Party City charges $9.99 + 6.75% tax for 1000 double-roll raffle tickets. You decide to award 7 cash prizes. You can assume that you are able to sell all of the tickets you purchase.
Write a report to your club Advisor and President which formulates your plan. Include the value of the cash prizes, how many tickets you will sell and for how much, a probability distribution table for all possible outcomes, and the expected value of each ticket. Also report how much Classroom Central will receive as a donation. Explain each reported amount fully in case your club is audited, so you can account for every penny.
Using multiple linear regression, compute the regression equation for the following data in Excel.
Suppose we want to test the hypothesis. State hypothesis Ho and the alternative hypothesis H1 that we would use for this test.
The supplier agrees they will deliver on the day the order is placed. Note that the basic unit of measurement for a period is one year in this case.
Using the z table in Table E of Appendix C, determine the critical value for the hightailed test with a = 0.035.
A discussion of the ranges for the objective function coefficients. What do the ranges indicate about how sensitive the recommended solution is to HJ's exposure rating coefficients?
the state agriculture department asked random samples of indiana farmers in each county whether they favored a
The number of choco chips in an 18 ounce bag of chocolate chip cookies is approximately normally distributed with a mean of 1256 and a standard deviation of 129 chips, What is the probability that a randomly selected bag contains fewer than 1000 c..
The manufacturer of a computer terminal reports in its advertising that the mean life of the terminal, under normal use, is 6 years, with a standard deviation of 1.4 years.
Also use the regression model to predict a student's average if he/she misses 4 classes.
Assume that each light bulb works independently of other light bulbs. Determine the probability that all 10 of light bulbs work?
State the null and alternative hypotheses and what is the p-value for a sample of 180 undergraduate students with a sample mean credit card balance of $3325?
what does it mean to say that your score on test one in statistics was in the 90th percentile?
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