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Amanda has 400 feet of lumber to frame a rectangular patio. She wants to maximize the area of her patio. What should the dimensions of the patio be, and show how the maximum area of the patio is calculated from the algebraic equation by using the vertex form to find the maximum. Show the work when computing this equation.
Lead-time demand is 600 pounds. The standard deviation of lead time demand is 52 pounds. Supposing the lead time demand is normally distributed and that an acceptable risk of stocking out is 4%:
Suppose that population has normal distribution. Determine a 95 percent confidence interval for population standard deviation sigma.
It seems that simulation could handle any situation or study. But is that always true? Discuss instances in which a simulation would be important and useful, and then a situation in which a simulation would not be appropriate.
A component has an exponential time-to-failure distribution with a mean of 10,000 hours. The component has already been in operation for its mean life. What's the probability that it will fail by 15,000 hours?
The National Highway Association is studying the relationship between the number of bidders on a highway project and the winning (lowest) bid for the project.
It was reported that 20 readers responded and 87% said "no" whiles 13% said "yes". Identify four major flaws of the situation. Explain why you chose them.
Suppose you were preparing two-way tables of percentages for the following pairs of variables. How would you run the percentages?
The production manager at Bellevue Steel, a manufacturer of wheelchairs, wants to perform a second analysis of the number of defective wheelchairs produced on the day shift and afternoon shift.
The average speed of greyhound dogs is about 18.8 meters per second. A particular greyhound breeder claims that her dogs are faster than the average greyhound. In a sample of 45 dogs, they ran, on average, 19.2 meters per second with a standard de..
A college would like to have an entering class of 1200 students. Because not all students who are offered admission accept, the college admits more than 1200 students.
What shape curve do you get when your data set has the mean, median, and mode all with the same value? Could the value of the sample mean and the value of the population mean ever be the same?
I want to establish if a new product is worth marketing. At least 85 percent of the public must express interest in the product and for those that do the average cost they are willing to pay must be at least $47.50.
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