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Refer to the sensitivity report for Problem 14 in Figure 8.19.
a. Interpret the ranges of optimality for the objective function coefficients.b. Suppose that the manufacturing cost increases to $11.20 per case for model A. What is the new optimal solution?c. Suppose that the manufacturing cost increases to $11.20 per case for model A and the manufacturing cost for model B decreases to $5 per unit. Would the optimal solutionchange?
Critically discuss some reasons that business outputs vary? For example why does production output vary? Explain the difference between common causes of variation and special causes of variation.
question samples of size n 5 are collected from a process every half hour. after 50 samples have been collected we
Functions of parametric statistical procedures - What are the assumptions underlying the use of parametric, statistical procedures
Determine whether there is a statistically significant difference in systolic blood pressure between smokers and non-smokers and summarise graphically the total blood cholesterol data for males and for females.
A company has collected the following data from the purchase and use of heating fuel from its Business Statistics department for inventory management of the previous year:
Let A and B denote genetic characteristics and suppose that the probability is 1/3 that an individual chosen will exhibit A, 2/5 that he or she will exhibit B. Assume that these characteristics occur independently. What is the probability that an ind..
What is the probability of a fatal accident over a lifetime? Explain your reasoning carefully. Hint: Assume independent events. Why might the assumption of independence be violated?
What is the expected number of contracts that it will win? What is the expected profit for each contract? What is the company's expected total profit on these three bids?
Explain what the standard error of the mean represents and does the sampling distribution of x look like a Normal distribution if n is 10?
a toll bridge charges 1.00 for passenger cars and 2.75 for other vehicles. suppose that during daytime hours 60 of all
what is the probability that a random variable has a value between 1.75 and 7.35 if that random variable has a uniform
Explain the ANOVA output table values:
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