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The managers of NOVA Constructions are considering to buy a patent of a latest mixing plant and there objective is to maximize profit. ALLCO Engineers designed and developed the new Robotic Mixing Plant and offered its patent to NOVA. To keep it simple if NOVA accept this deal, the average net contribution to profit during product life cycle (estimated 5 years) of the new Robotic Electrical mixing Plant is estimated to be $154 million, $61.20 million and -$65.42 million for high, moderate and low market condition respectively.
Marketing department of NOVA constructions also estimated that there is a 16% probability that market will be high, 62% probability that the market will be moderate. If they didn't go for the patent deal and invest same amount of money what they have to pay for patent another alternate can contribute 28.04 million profit for the same period (i.e. estimated 5 years)
Draw the complete decision tree and determine whether the product should be launched or not.
There is some concern that exposure to gases used in anesthesiology might be harming health of anesthesiologists. In one study of 525 Michigan nurse anesthesiologists, 10 reported a new malignancy other than skin cancer during the previous year.
In a regression model involving 30 observations, the following estimated regression equation was obtained:
According to the survey, 37% of the adults are concerned that employers are monitoring phone calls. Use the binomial distribution formula to calculate the probability that:
There are 500 employees in a firm, 45% are female. A sample of 60 employees is selected randomly. (a) Determine the standard error of the proportion.
What sample size would be needed to estimate the true proportion of students at your college
If we select one box of cereal at random from this population, what is the probability that it will weigh less than 915 grams?
An SRS of 100 of a certain popular model car in 1993 found that 20 had a certain minor defect in the brakes. An SRS of 400 of this model car in 1994 found that 50 had the minor defect in the brakes. Let p1 and p2 be the proportion of all cars of t..
Describe what the researcher must do if one of the requirements is not met and give illustrations.
For a random sample of 50 batteries, what is the probability that the sample mean will be less than 27.5 hours?
Area to right of mean of normal probability distribution is?
Let S = {c, h, j, q, t, y} be a sample space of an experiment and let E = {c, h}, F = {c, q, y}, and G = {h, j, t} be events of this experiment. (Enter your answers using roster notation. Enter Ø for the empty set.)
Nine percent of undergraduate students carry credit card balances greater than $7000. Presume 10 undergraduate students are selected randomly to be interviewed about credit card usage.
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