Next two days this item is requested more than once

Assignment Help Applied Statistics
Reference no: EM13838085

In an inventory analysis it was concluded that, on the average, demands for a certain item were made 2 times per day. What is the probability that on the next 2 days this item is requested more than once? 

Reference no: EM13838085

Questions Cloud

Sample mean will be within two of the population mean : A population has a standard deviation of 16. If a sample of size 64 is selected from this population, what is the probability that the sample mean will be within 2 of the population mean?
Calculate income elasticity of demand : When Alex's income was $3000, he bought 4 bagels and 12 donuts a month. Now hus income is $5000 and he buys 8 bagels and 6 donuts a month. Calculate Alex's income elasticity of demand for a. Bagel b. Donuts
Why is the hr department playing a more significant role : Why is the HR department playing a more significant role in organization strategic planning today than it did 20 years ago? What can managers do to minimize their chances of litigation and of being found negligent with regard to sexual harassment
What is the slope of the budget line from trading : Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and is willing to trade 2 fish for every coconut that you are willing to give him. What is the slope of budget line from trading with Frid..
Next two days this item is requested more than once : In an inventory analysis it was concluded that, on the average, demands for a certain item were made 2 times per day. What is the probability that on the next 2 days this item is requested more than once?
Determine or influence the recommendation for action : Which theory or theories are being used by Jessica, Marco, Maria, and Dr. Wilson to determine the moral status of the fetus? Explain - How does the theory determine or influence each of their recommendation for action?
Find the total revenue function-marginal revenue function : The demand curve is determined to be: Q=526-2P. Find the total revenue function. Find the marginal revenue function. Graph the total revenue and marginal functions.
Increasing returns-output of the business results : There are increasing returns to size whenever increasing the output of the business results in: At the output level where MC is just equal to ATC:

Reviews

Write a Review

Applied Statistics Questions & Answers

  1 following are positions taken by twelve senators on a

1. following are positions taken by twelve senators on a half dozen key issues. the issues are scaled from 1 to 5 with

  The result is a sample size beyond what you can obtain

The result is a sample size beyond what you can obtain

  Determine the stream function and plot the streamlines

Determine the stream function and plot the streamlines and Discretise the expression for the second derivative using the finite difference approach

  Low-end roadmaster tire brand with anew advertising

Firebrick Tire Company wants to increase sales of its long running, low-end Roadmaster Tire brand with anew advertising campaign promoting they will last at least 28,000 miles [Mu=28,000 miles].  Tests with arandom sample [n=30 tires] show a sample m..

  A finite number of coins are placed on a row of slots

A finite number of coins are placed on a row of slots of finite length

  Interval estimate of the mean number of migraine

Construct the 95% confidence interval estimate of the mean number of migraine attacks for those treated with acupuncture.

  Given the following unit learning curve equation which state

Given the following unit learning curve equation, which statement is correct? (X)-0.286304 Possible answers:a) 127 is the theoretical cost of the first unit.b) Y represents the cost of the first unit.c) 127 represents the unit you are estimating.d)..

  Determining factors of gender identification and gender role

Determining factors of gender identification and gender roles.

  Find a research article that uses a confidence interval

Find a research article that uses a confidence interval. Give either the citation for it or the website address at which you found it. Discuss what the research was trying to show, as well as the results from the confidence interval. Give a little bi..

  Data value is a low outlier

For each of the following situations, would you prefer that your data value is a low outlier, high outlier, or the mean when compared to others' data values? Why? Provide reasoning. Use your knowledge of what the mean, low, or high outlier i..

  The information on 50 beanie babies given in beanie xls

Beanie Babies are toy stuffed animals that have become valuable collector's items. Beanie World Magazine provided the information on 50 Beanie Babies given in beanie.xls.

  Sophomore students organized a free raffle for prizes

2. At a school pep rally, a group of sophomore students organized a free raffle for prizes. They claim that they put the names of all of the students in the school in the basket and that they randomly drew 36 names out of this basket. Of the pr..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd