Reference no: EM131308743
Question 1 -
Happy Harry's Hamburgers recently commissioned a top tier consulting company to develop a new location selection process. However, after receiving the first invoice from the consulting company, Happy Harry wasn't... happy that is, and he decided to cancel the remainder of the engagement.
Along with the invoice, the consulting company provided Happy Harry with the results of their study to date. The company had analyzed Happy Harry's previous location selections, categorizing them as huge successes, successes, or failures. Here is what they reported:
77.19 % of past locations were a success
17 % of past locations were a failure
Happy Harry was underwhelmed by this information. However, the company also applied a model it developed to Harry's past hugely successful, successful, and failed locations. Given a huge success, the model predicted success 93.5 % of the time. Given a success, the model predicted success 92.5 % of the time. Given a failure, the model predicted failure 77.5 % of the time.
Now what Happy Harry really wants to know is the probability of a success given a predicted success. So, give Harry a helping hand and calculate Pr{S|PS}:
Hint: To answer this problem, you will want to use your knowledge of complementary probabilities, conditional probabilities, Bayes' Theorem, and the law of total probabilities.
Question 2 -
If the probability of a defective light bulb is 0.06, to be 98 % confident, up to how many defective light bulbs should you expect in a sample of 40 light bulbs?
Question 3 -
A hot dog concession at Safeco Field sells an average of 33.2 hot dogs per hour (believed to follow a Poisson Distribution). How many hot dogs should the vendor stock in order to be 93% sure it has enough hot dogs for 2.5 hour(s)?
|
Merits of supply-side economics
: In an economy with reasonably flexible prices and wages, full employment is almost always maintained. Explain why that statement is true.
|
|
Research the company by reviewing its website
: Research the company by reviewing its website, reading news stories, and exploring websites such as Hoovers, Vault, and Glassdoor.
|
|
Evaluate alternatives to the company self-hosting the site
: Evaluate alternatives to the company self-hosting the site. Build a Gantt chart using Microsoft Project or equivalent software, showing all tasks associated with implementing the Website.
|
|
Prepare a list of questions you ask during the interview
: For an upcoming interview, prepare a list of questions you might ask during the interview. You may not have the time to ask everything, but prepare a long list, just in case.
|
|
How many hot dogs should the vendor stock
: A hot dog concession at Safeco Field sells an average of 33.2 hot dogs per hour (believed to follow a Poisson Distribution). How many hot dogs should the vendor stock in order to be 93% sure it has enough hot dogs for 2.5 hour(s)
|
|
Find two professional association for your field of interest
: Find two professional associations for your field of interest. You may search online for these organizations. Study their websites to understand the purpose, membership, and mission of each organization.
|
|
Explain potential physical threats that require attention
: Identify at least five potential physical threats that require attention. Determine the impact of at least five potential logical threats that require attention.
|
|
Discuss about the given research paper
: One of the primary goals of this course is to give students a broad understanding of the different components and the current state of the criminal justice system. Given however the number of components and the complexity of topics in the criminal..
|
|
Practice dressing up for an interview
: With your classmates, agree on a date when everyone will come to class dressed for a job interview. If you're shy, you can meet in small groups to give each other feedback.
|