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Compute the probability of a stock-out for the order quantities suggested by members of the management team (i.e. 15,000; 18,000; 24,000; 28,000)
At a local supermarket the monthly customer expenditure follows a normal distribution with a mean of $495 and a standard deviation of $121.
What is the probability of obtaining 4 ones in a row when rolling a fair, six-sided die? Interpret this probability.
a door-to-door residential solar electrical system salesman is required to document four in-home visits each day.
a national sample of 2728 adults aged 18 and older surveyed over the telephone using bother landlines and cell phones
Suppose that X is a continuous random variable with pdf fx(x) = (lambda/2)e-lambda(abs(x)) for -infinity
If you already have caught three trout, what is the probability you will catch a total of seven or more trout? Compute P(r = 7 | r = 3). (Use 4 decimal places.)
A freight-hauling firm estimates that it will need a new forklift in six years. The estimated cost of the vehicle is $40,000.
Drunks. Police often set up sobriety checkpoints roadblocks where drivers are asked a few brief questions to allow the officer to judge.
What is the marginal revenue equation? Find the output to the nearest thousand cameras that will produce the maximum revenue. What is the maximum revenue?
Use the Standard Normal Table to find the probability. An airline knows from experience that the distribution of the number of suitcases that get lost
Assuming that the two job offers are independent of each other, what is the probability that the applicant gets an offer from both companies?
At your place of employment, 100 employees are randomly selected and asked the distance of their communte to work. From this group a mean of 15.2 is computed. Identify the following as either?
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