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A store must decide how much of a certain commodity to order so as to meet next month's demand, where that demand is assumed to have an exponential distribution with rate λ. If the commodity costs the store c per pound, and can be sold at a price of s > c per pound, how much should be ordered so as to maximize the store's expected pro?t? Assume that any inventory left over at the end of the month is worthless and that there is no penalty if the store cannot meet all the demand.
Suppose that the scores of architects on a particular creativity test are normally distributed. What percentage of architects have Z scores?
The mean return for a random sample of 33 mutual funds is 14.93 percent with a standard deviation of 9.57. Build a 95 percent confidence interval for mu, population mean.
let x be binomial with parameters n15 and p.2a find the expression for density for xb find the expression for the
The US energy administration publishes data on residential energy consumption and expenditures in residential consumption survey: consumption and expenditures.
What would be the estimated total enrollment for an HMO firm that administered 20 plans? Source: The Wall Street Journal Almanac 1999, p. 565.
In the past few years out sourcing over seas has become more frequently used than before by U.S. companies. However, out souring is not with out problems. A recent survey indicates that 20% of the companies that outsource over seas use consultant.
question consider the following three events based on a class of kindergarten students.event a nbsp student 1 has the
Assuming that an IP packet has a maximum 900 byte payload, determine the following. What is the probability that a file transfer requires more than 10 packets? repeat for 100 or more?
A run chart is developed that confirms process stability. The level of significance is chosen to be 0.01. (a) Is there evidence to suggest that the process average differs from the target value?
What is the probability that the dample mean grade point average will be either less than 2.709 or more than 2.955.
two distinct solid fuel propellants type a and type b are being considered for a space program activity. burning rates
a special diet is intended to reduce the cholesterol of patients at risk of heart disease. if the diet is effective the
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