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Question: Consider a situation where there is a cost that is either incurred or not. It is incurred only if the value of some random input is less than a specified cutoff value. Why might a simulation of this situation give a very different average value of the cost incurred than a deterministic model that treats the random input as fixed at its mean? What does this have to do with the "flaw of averages"?
the 70-year long-term record for weather shows that for new york state the annual precipitation has a mean of 39.81
a national survey of 40000 adults in the us in 1992 found that 26 of adults were current smokers. a similar survey of
The regression results included SSX = 765.98 and SSXY = 934.49. Give the least-squares estimate of the regression slope parameter.
The company will replace any printer that fails within 1 year after purchase. What percent of printers can be excpected to fail during the warranty period.
Collect on its accounts receivable is 36 with a standard deviation of 11 days. What is the probability that a single AR account takes more than 30 days to collect?
If one investment can give you $1200 with a probability of .20 and you could lose $800 with a probability of .80, and another investment can give you $600 with a probability of .70 and a loss of $300 with a probability of .30, which investment is ..
Minimum number of workstations that can be formed Identification of tasks in each work station using a combination of algorithmic and heuristic approaches The efficiency of the line
The maximum distance at which a highway sign can be read is determined for a sample of young people and a sample of older people. The mean distance is computed for each age group. What is the most appropriate null hypothesis about the means of the..
Suppose a friend of a friend claimed to have ESP and agreed to sit just on time and guess at 100 cards. Suppose she made 36 matches. Calculate the probability of this many, or more, matches if only chance is at work, and carefully write a conclusion.
A local department store is studying the shopping habits of its customers. They think that the longer customers spend in the store the more they buy. Their study resulted in the following information regarding the amount of time women and men spen..
What do you feel are the challenges of the direct care giver (nurses aid) in the long term care setting?
Use an appropriate 95 percent confidence interval to estimate the difference between the mean prices of the two brands of cd players. Do you think that the difference haspractical importance?
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