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Jack Jones is looking at buying a new cell phone plan and found one called "You Decide Your Minutes" Under this plan he would choose a quantity of minutes, say x, per month that she would buy at 5 cents per minute. Hence, his upfront cost would be $0.05x. If his usage is less than this quantity x in a given month, he loses the minutes. If his usage in a month exceeds this quantity x, he would have to pay 40 cents for each extra minute (that is, each minute used beyond x). For example, if he contracts for x=120 minutes per month and his actual usage is 40 minutes, his total bill is $120 x 0.05 = $6.00. However, if actual usage is 130 minutes his total bill would be $120 x 0.05 + (130 -120) x 0.40 = $10.00. Jack estimates that his monthly needs are best approximated by the Normal distribution with a mean of 250 minutes and a standard deviation of 24 minutes. How many minutes should he contract for?
This week you learned about synthesis. For this week's assignment you will review the proposal you submitted in week 6 and utilizing the scholar-practitioner approach discussed in the lecture, update the proposal using synthesis. Ensure you cite y..
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the four main elements of the project life cycle are defining planning executing and closing. give an example of a task
Use exponential smoothing with a smoothing constant of 0.3 to forecast the registrations at the seminar given in problem 4.10 to begin the procedure.
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