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Par, Inc., is a small manufacturer of golf equipment and supplies. Par's distributor believes a market exists for both a medium-priced golf bad, referred to as a stander model, and a high-priced golf bag, referred to as a deluxe model. The distributor is so confident of the market that, if Par can make the bags at a competitive price, the distributor will purchase all the bags that Par can manufacture over the next 3 months. A careful analysis of the manufacturing requirements resulted in the following table, which shows the production time requirements for the 4 required manufacturing operations and the accounting department's estimate of the profit contribution per bag?
A student population consists of 55% females and 45% males. A researcher recorded the gender of each student emerging from a theater and found a total of 385 females and 215 males.
A computer supply house receives a large shipment of floppy disks each week. Past experience has shown that the number of flaws per disk can be described by the following probability distribution:
How many ounces should they advertise on the box if they want to be sure that no more than 0.5% of the boxes are filled less than that advertised amount?
The consultant has offered to share their analysis with your company for a fee of $25.0 million. What is the Expected Value of Perfect Information in this scenario?
The lifetime of a color television picture tube is normally distributed with the mean of 7.8 years and a standard deviation of 3 years.
In a survey of women in a certain country (ages 20-29) the mean height was 64.5 inches with a standard deviation of 2.75 inches. What height represents the 90th percentile? What height represents the first quartile?
Factor the following trinomial using the AC method
Assume that each light bulb works independently of other light bulbs. Determine the probability that all 10 of light bulbs work?
Gas Station pump signs, at one chain, encourage customers to have their oil checked, claiming that one out of every four cars should have its oil topped.
The probability that a randomly selected elementary or secondary school teacher from a city is female is 0.68, holds a second job is 0.38, and is female and holds a second job is 0.29.
There is enough evidence at a significance level of 10%, to conclude that the content average sodium this brand of corn flakes is 130 milligrams?
How large a sample must one take to be 90% confident that the estimate is within 0.05 of the true proportion of women over 55 who are widows?
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