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Question: You have been told that the distribution of regular unleaded gasoline prices over all gas stations in Indiana is normally distributed with mean $2.95 and standard deviation $0.075, and you have been asked to find two dollar values such that 95% of all gas stations charge somewhere between these two values. Why is each of the following an acceptable answer: between $2.776 and $3.081, or between $2.803 and $3.097? Can you find any other acceptable answers? Which of the many possible answers would you give if you are asked to obtain the shortest interval?
Hayes electronics assumed with certainty that the ordering cost is $450 per order and the inventory carrying cost is $170 per unit per year. However, the inventory model parameters are frequently only estimates that are subject to some degree of unce..
E(Xd)/E(X) is known as the loss elimination ratio (LER), since it gives the proportion of the risk. Find the LER in terms of d and the parameters.
A cut-vertex of a graph is a vertex whose removal (along with all edges incident with it) increases the number of connected components of the graph.
Out of 5000 policies for cell phones, a company received 585 claims. The average amount paid on the claims was $80. If the annual cost of the policy was $48, what was a customer's expected value of the cell phone insurance policy?
Let P be a polyhedron with at least one extreme point. Is it possible to express an arbitrary element of P as a convex combination of its extreme points plus a nonnegative multiple of a single extreme ray?
Write MAPLE code to automatically generate the pictures above from any given polynomial. Use colors to make the picture clear. You will have to hand in the MAPLE code that automatically generated your pictures AND to write a conjecture based on yo..
A batsman scored 110 runs which included 3 boundaries and 8 sixes. What percentage of his total score did he make by running between the wickets?A fruit seller had some apples. He sells 40% apples and still has 420 apples. Originally, he had how many..
the bearing the pilot should take in order to fly directly to the airport. Round your answer to the nearest hundredth of a degree.
When graphing, assume x = 0 represents the year 2006. What is the trend you observe in the gas prices from 2006 to 2009?
What is the difference between domain and range? Provide an example and identify the domain and range.
Find the equation of the line for the demand equation. Write your answer in the form p = mx + b. (Hint: Write an equation using two points in the form (x,p)).
Please reflect on your comprehension of financial management and knowledge gained from financial real world activities and events occurring in the US.
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