User Account

All Pages

Compute the mean monthly cost

Assignment Help Applied Statistics
Reference no: EM131017463

The results of the 4 independent replications of an (M, L) inventory system for the monthly cost are:  [$243.71, $236.36, $235.78, $233.89]

  • Compute the mean monthly cost with a 95% confidence interval.
  • Using the results of part (a) to estimate mean monthly cost within $7.5, do additional replications needed? If yes how many? If no why?
  • Compute the prediction interval and it is limits

Reference no: EM131017463

Questions Cloud

The mean weight for the auburn university : The mean weight for the Auburn University football team with 40 member is 180lbs. The mean weight for he Alabama team with 45 members is 160lbs and the mean weight for Troy is with 50 members is 170lbs.  The overall mean weight for all three teams is..
The company has analyzed these costs : Sawaya Co., Ltd., of Japan is a manufacturing company whose total factory overhead costs fluctuate considerably from year to year according to increases and decreases in the number of direct labor-hours worked in the factory.
The population proportion : In In a survey of 3217 adults ,1425 say  they have started paying bills online in  last year.  Construct a 99% confidence interval for the population proportion. Interpret the results. A 99% confidence interval for the population proportion is (,) (R..
Describe the future of organizational behavior : Using the company selected in Week One, describe the support it provides its employees for continuing education.
Compute the mean monthly cost : Compute the mean monthly cost with a 95% confidence interval. Using the results of part (a) to estimate mean monthly cost within $7.5, do additional replications needed? If yes how many? If no why?
What is the expected call option price of this stock : How arbitrage could happen if the price of call option is 7 SR. What is the value of arbitrage? What is arbitrage and how could somebody (might) achieve that? Is it easy to do arbitrage in stock market? Why?
What is price-earnings ratio for firm at time stock was sold : An investor buys a stock for $40 per share and sells it for $45 after one year. Also, at the end of that year, the dividend per stock is $1. The company has 100,000 shares outstanding and a total profit for the year of $500,000. The price-earning..
The field brown snow partnership was begun with investment : On May 31, after all assets were converted to cash and all creditors were paid, only $45,000 in partnership cash remained.
Describe the strategies used by each company : Provide a brief background of the companies and the industry in which they compete. Describe the strategies used by each company

Reviews

Write a Review

Applied Statistics Questions & Answers

  Determine the posterior probabilities

Determine the posterior probabilities, given the following prior and likelihood probabilities.Prior probabilities P(s1) = .25 P(s2) = .40 P(s3) = .35 Likelihood Probabilities

  Estimate the mean length of all popular songs

Suppose you estimate the mean length of all popular songs to be 182 seconds. Then, you use a random sample of 40 songs from your iPod to construct a confidence interval. The confidence interval you construct is (182.2, 226.2). What can you conclude a..

  What are the steps to solving

A criminologist developed a test to measure recidivism, where low scores indicated a lower probability of repeating the undesirable behavior. The test is normed so that it has a mean of 140 and a standard deviation of 40.

  How many of acme''s employees use drugs?

Acme Manufacturing Company requires all of its 5000 employees to take a drug test. Suppose 2% of the employees actually use drugs (although the company does not know this number). The drug test is 95% accurate.

  Find the probability that no accidents will occur

Find the probability that no more than 12 accidents will occur during a particular year. Find the probability that no accidents will occur during a particular year.

  What variables can be used in a pearson correlation table

Create a correlation table for the variables in our data set. Reviewing the data levels from week 1, what variables can be used in a Pearson's Correlation table (which is what Excel produces)

  The most recent davenport student profile

The most recent Davenport student profile

  A salon sells its cologne wholesale

A salon sells its cologne wholesale for $8.75 per bottle. The variable cost of producing ,X hundred bottle is -3x2+511X-325 dollars

  Determine what action the firm should pursue

Use decision analysis tools discussed in class to determine what action the firm should pursue in order to minimize expected loss; either manual analysis or software is acceptable. Please also calculate the minimum expected loss.

  Compute the specificity of the test

a. Compute the sensitivity of the test b. compute the specificity of the test

  What is the probability that neither of them

Chance of winning $100 or more on a type of casino slot machine is 2.3% when playing the maximum bet for one hour. A couple enters the casino and plays these machines for an hour. What is the chance that one of them wins $100 or more? What is..

  What happened after satellite tv became more established

Does it appear that the emergence of satellite TV had an influence on cable TV rates? What happened after satellite TV became more established in the marketplace?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd