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Megley cheese company is a small manufactuer of several different cheese products. One of the products is a chees spread that sold to retail outlets. Jason Megley must decide how many cases of cheese spread to manufacture each month. The probability that the demand will be six cases is 0.1, for 7 cases is 0.3, for 8 cases is 0.5, and for 9 cases is 0.1. The cost of every case is $45, and the price that Jason gets for each case is $95. Unfortunately, any cases not sold by the end of the month are of no value, due to spoilage. How many cases of cheese should Jason manufacture each month?
We want to show that a real number, chosen at random from the interval [0,1], can be approximated to within 1/(n²) by rational numbers of the form k/n.
What value will standard deviation σ x of sampling distribution approach? How do two x distributions for sample size n = 50 and n = 100 compare?
Construct and interpret 90 percent on confidence interval for the mean. Be sure to interpret the meaning of this interval.
At significance levels of .05 and .01 test H 0 : the factors A and B are independent.
A power of 0.2203 can be interpreted to mean there is a 22.03% chance of selecting a sample whose sample mean is larger than 166.3 lb.
Following data represent random sample of bank balances for population of checking account customers at large eastern bank. Based on data, determine the 95 percent confidence interval estimate for true population mean?
Provide an example of a hypothesis test you could perform at work or at home. State what the Null and the Alternative hypotheses would be in your test.
Medical Red Blood Cell Volume. Total blood volume (in ml) per body weight (in kg) is important in medical research. For healthy adults, the red blood cell volume mean is about = 28ml/kg.
Does this data provide evidence at the .05 significance level that there is a difference in the proportion of humorous ads in British versus American trade magazines? Please show work.
Out to right, create a 90% confidence interval estimate of sigma (σ), population standard deviation.
If a member of this senior class is selected at random, find the probability that the student a) smokes but does not drink alcoholic beverages; b) eats between meals and drinks alcoholic beverages but does not smoke; c) neither smokes nor eats bet..
In a study, 37% of adults questioned reported that their health was excellent. A researcher wishes to study the health of people living close to a nuclear power plant.
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