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You are providing financial advice to a shrimp farmer who will be harvesting his last crop of farm-raised shrimp. His current shrimp crop is very young and will, therefore, grow and become more valuable as their weight increases. Describe how you would determine the appropriate time to harvest the entire crop of shrimp.
a sample of 9 production managers with over 15 years of experience has an average salary of 71000 and a sample standard
suppose x the number of flaws in a roll of polyethylene insulated cable follows a poisson process where lambda is 1.1
Suppose that inspection is conducted only after the first and second operations. Nonconforming parts are not forwarded to the next operation. What is the unit cost per acceptable part?
a sociologist wanted to study if divorce rates within the first year of marriage were any different in illinois than
what condition is necessary in order to use z-test to test the difference between two
Estimating the Size of a Sample to Study
"Small-fry" funds trade at an average of 20% discount to net asset value. If σ = 8% and n = 36, give the 95% confidence interval for average population percentage.
The training manager is concerned that using this method of selection for the pilot training programme we might just by chance choose four people at random.
Probability the second truck is available is .50, and the probability that both trucks are available is .30. What is the probability neither truck is available?
The University of California at Berkeley's Wellness Encyclopedia (1991) contains the following statement in its discussion of HIV testing.
If a bag contains 5 blue balls and 6 white balls. A student who decides to pick one ball at random will have which likelihood of picking a white ball?
assume x is a standard normal random variable and y n09so variance is 9. what is the 97.5 percentile of px and
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