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As part of a campaign to promote its annual clearance sale, the Excelsior Company decided to buy television advertising time on Station KAOS. Excelsior's advertising budget is $102,000. Morning time costs $3000/minute, afternoon time costs $1000/minute, and everning (prime) time costs $12,000 minute. Becasue of pervious commitments, KAOS cannot offer Excelsior more than 6 min of prime time or more than a total of 25 min of advertising time over the 2 weeks in which the commercials are to be run. KAOS estimates that morning commericials are seen by 200,000 people, afternoon commericals are seen by 100,000 people and everning commericals are seen by 600,000 people. How much morning, afternoon, and everning advertising time should Excelsior buy to maximize exposure of its commericals.
barbara miller makes decisions according to bayes decision rule. for her current problem barbara has constructed the
Is there significance evidence that a difference exists between the actual males and female responses in this sample and the expected male/female responses in the population - What is your null hypothesis and what is your alternative hypothesis?
suppose x is a normally distributed random variable with mu 13 and sigma 2. find each of the following probabilities
A jar contains 2 black marbles and 8 white marbles. If you randomly pick 2 marbles without replacement, what is the probability that you get one marble of each color?
Based on a two-tailed 0.05 What do you conclude?
The mean amount of a purchase at the Smith Hardware store is $23.50 with standard deviation of $5.00. The amounts purchased follow normal distribution.
Find out best decision, by using following decision criteria.
you select 3 bottles at random from a large production batch of bottled water. you guess that 80 of the bottles in the
Use this model to predict (using prediction interval) y for the last 5 observations of the data and see if the model is doing well.
Can you conclude that engineers follow an accident profile that is different from the rest of the drivers in the region?
a safety engineer claims that 3 in 12 automobile accidents are due to driver fatigue. using the formula for binomial
a camera manufacturer just shipped a batch of 36 digital cameras to local retailers and seven of the cameras have a
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