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In a non instanteneous receipt model, daily demand is 55 units and daily production is 120 units, Co=$70 and Cc=$4 per unit per year. What is the maximum inventory level? (Assume that the facility is open 365 days per year.)
Evaluate the data below using the Kruskal - Wallis Nonparametric Hypothesis Test. Explain why you chose this particular nonparametric test to analyze your data.
An accepted standard deviation for LSAT scores is 125. A random sample of 25 scores had an average of 1,375. Assume a significance level of 0.05. State the appropriate null and alternative hypotheses. Calculate the p-value to test the hypotheses.
Illustrate what is the probability all four calls are infact emergencies. Illustrate what is the probability that three or more calls are not emergencies.
In general how is the magnitude of the standard error of estimate related to the value of correlation?
Otherwise you lose $1. If you make this wager very many times, what will be the mean outcome?
A point estimate for the difference between the mean purchases of the users of the two credit cards is:
Use a 0.05 significance level to test the claim that the heights of female supermodels vary less than the heights of women in general. The standard deviation of heights of the population of women is 2.5 in.
A video rental store has two video cameras available for customers to rent. Historically, demand for cameras has followed this distribution:
A box contains 9 tickets numbered 1 to 9 inclusive. If 3 tickets are drawn from a box one at a time, find the probability that they are alternative after (1) odd, even, odd or (2) even, odd, even.
Discuss the advantages of non-parametric methods. As an educator, how would they be useful to you? In what situations would you use them?
What is the average number of callers waiting to place an order? (c) Ashleys is considering adding a second clerk to take calls. The store would pay that person the same $ 10 per hour. Should it hire another clerk?
At α = 0.01 level of significance, test the hypothesis that these data can be described by a Poisson pdf.
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