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There are four major determinants of the amounts of inventory that a firm should hold. Explain which of the four determinants is the major concern of the financial executive.
Assume the least squares equation is Y' = 10 + 20X. What does the value of 10 in the equation indicate? Y intercept. For each unit increased in Y, X increases by 10.
It seems that simulation could handle any situation or study. But is that always true? Discuss instances in which a simulation would be important and useful, and then a situation in which a simulation would not be appropriate.
Discuss specific characteristics that could be monitored through variable control charts, the form of data to collect, and the appropriate control chart in the given situations:
If the true mean diameter of all bearings produced is 35 mm, what is the probability of the test indicating that the machine is out of control?
A standard deviation of 0.45 miles per gallon, find the probablilty that a car has a gas mileage of between 27.8 and 28.2 miles per gallon.
During the past year, the mean sales of Wshington Reds in cases was 45,000 cases, and the standard deviaiton was 4,450. How many cases of Washington Reds should be brought to market? Assume the sales follow a normal distribution.
For a new HDTV the mean number of months until repairs are needed is 36.84 with a standard deviation of 3.34 months.
He asks each of his 24 subjects to "hire" five of the candidates rather than just one. The data show that 65 men and 55 women are hired. He asks you for advice on x2. What would you say to your friend?
Black Sparrow Aviation, Inc. is concerned they are not maintaining adequate liquidity. The accounting department has provided you
1. Find the method of moments estimator for the parameter p of a geometric distribution.
A car manufacturer examines a random sample of the warranty claims filed over the past two years to test whether defects are randomly distributed across days
Assume you are conducting a one-way analysis of variance using a 0.05 level of significance and have found that the p-value = 0.02. Which of the follow is correct regarding what you can conclude?
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