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Using the below information in a linear programing problem maximize the profit for product A and B.
Maximize profit $80A + $60BSubject to the following constraints:15A+10B < 120019A+5B < 1000A,B > 0
a. Provide how many of each product should be produced and what is the profit at that level?
Explain the difference of your outlook on statistics after having studied it for whatever period of time you have done so as oppose to the time before taking up the study.
Mr. James McWhinney, President of Daniel-James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales.
Make a decision regarding the null hypothesis based on the sample information. Interpret the results of the test and state your conclusion.
First National Bank and City National Bank are competing for customers who would like to open IRAs. 32 weeks are randomly selected for First National Bank and another 32 weeks are randomly selected for City National.
Formulate the hypothesis that can be used to determine whether the sample data support the hypothesis that the mean fuel efficiency rating for midsize cars is greater than the mean fuel efficiency for large cars.
According to the U.S. Bureau of the Census, 75% of adults regularly drank alcohol in 1985. An investigator predicts that fewer adults drink now than drank then.
There are two telephone lines A and B. Let E1 be the event that line A is being used and E2 be the event that line B is being used
Research question : At α = . 01, is degree of certainty independent of credits earned?
Multiple regression analysis produced following regression equation: Y' = 427.2 - 4.58X1 - 14.83X2 + 6.10X3. Which statement is right based on this analysis?
John makes a mark on a straight stick that is 1 meter in length; you assign a uniform distribution to the location of the mark(uniform over the entire length of the stick). John cuts the stick at that mark, making two sticks.
How many participants need to be enrolled in each group to have a 90% chance of detecting a significant difference using a two sided test with α =0.05 if compliance is perfect?
The null hypothesis is that there was no change in average liquor consumption. State this formally in terms of µ.
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