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A pharmaceutical company has determined that if a new cholesterol-reducing drug is manufactured (introduced to the market) the following probability distribution will describe this drug's contribution to the company profits during the next six months.
Profit Contribution Probability of Profit contribution($30,000) 0.2$50,000 0.5$200,000 0.3
The company management has decided to market this product if the expected contribution to profit for the next six months is more than $90,000. Based on the information given above, should the company begin manufacturing the new drug?
Estimate a test statistic for null hypothesis H0: μ = 30 against two-sided alternative hypothesis H1 : μ ≠ 30, and by plotting this on its reference distribution.
Enter the data and use the appropriate commands to find the mean, median, mode, sample standard deviation, population standard deviation, 10% trimmed mean, and data count.
What would be your best point estimate for average Sales in weeks for which Newspaper advertising were $1 million? What would be an appropriate interval estimate for this?
Determine regression equation. Use assets as independent variables. For fund with $400.0 million in sales, determineut five-year rate of return (in percent).
How can you answer the dual simplex question with maximization objective function and also explain difference between m tecnique and two phase method?
Deriving the regression equation, testing the model fit and obtains confidence interval for estimated values.
Create a frequency table for the total number of people that prefer each type of music:
There is concern about the percent of on-time flights. A recent survey of two major airlines yielded the following results. At α = 0.05 test the claim that there is a difference in proportions of on-time flights.
At α = 0.05, is the correctness of the prediction different for the two types of cola drinkers?
For thefts involving more than $1,000, there is an inverse relationship between the value of the goods stolen and the length of the prison sentence given to the thief.
Tom works the night shift at a gas station on the edge of Champaign. One night he mixed 3 stale doughnuts in with 13 fresh doughnuts. That night 6 customers bought one doughnut each, selecting them at random. What is the probability that at least ..
Event A occurs with probability 0.2. Event B occurs with probability 0.3. Event C occurs with probability 0.4. If A, B, and C are disjoint, then
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