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The economy is coming back. John's boss is considering launching a new product.
The plant engineers have stated that if demand is high, the company will make $70 million dollars if it manufacturers the product in house. If the product is manufactured in China, then the company will make $90 million dollars. Doingnothing the company will make $5 million dollars. On the other hand if demand is low, the net will be a loss of $20 million when the product is made in house,versus a net of $10 million if made in China and $5 million if doing nothing. a. Marketing estimates the probability of low demand as 35% with a probability of 65% that demand will be high. As the Business Intelligence Analyst what is your estimate of the overall return and best course of action? b. The situation is said to be too sensitive to call with the current information when a 5% shift in probabilities changes the recommendation. Is this situation too sensitive to call without further information?
What is the expected number of ticket holders that will fail to show for the flight? What is the probability that the airline will not have enough seats for all the ticket holders who show for the flight?
a biologist is studying the gestation period of domestic dogs. fifteen dogs are observed during pregnancy and are found
A tube of Listerine Tartar Control tooth paste contains 4.2 ounces. As people use the tooth paste, the amount remaining in any tube is random.
Find the critical value(s). (e) Based on your answers for parts (a) to (d), will you reject or fail to reject the null hypothesis? State your conclusion in the context of the application.
A certain brand of automobile tire has a mean span of 3500 miles and a standard deviation of 2000 miles. (assume the life spans of the tires have a bell-shaped distribution)
a poll was conducted by making random phone calls to people in the united states. 3000 people called agreed to
Here are the DMS odor thresholds for 10 untrained students:
When would you use a hypothesis test for the difference in two population proportions at your place of employment, in your education, or in politics?
Use a 1% level of significance to test the claim that the distribution of first nonzero digits in the account file does not follow Benford's Law.
Batch is acceptable. What sample size is recommended for the hypothesis test? Use 30 hours as an estimate of the population standard deviation.
the system is released from rest with no slack in the cable and with the spring unstretched. determine the distance s
At a probability of type 1 error of 0.05, test the claim that the assistant professors earn more than $42000 per year. the standard deviation of the population is $5230.
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