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The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF suppies hot dogs to local restaurants at a steady rate of 250 per day. The cost to prepare the equipment for producting hot dogs is $66. Annual holding costs are 45 cents per hot dog. The factory operates 300 days a year. Find:
a) The optimum run size
b) The number of runs per year.
c) The length (in days) of a run.
What percent of the cruises will have 1,970 passengers or more? What percent of the cruises will have 1,600 or fewer passengers? How many passengers are on the cruises with the fewest 25 percent of passengers?
Important information about Cumulative Probability, Suppose the probabilities that a new car battery functions
Find Roulette probability. One option in a roulette game is to bet $18 on red.There are 18 red compartments,18 black compartments,and 2 compartments neither red nor black.If the ball lands on red you get to keep the $18 you paid to play the game
Find the probability that a randomly selected degree is not in Business & is not in Engineering?
55% of a restaurant's orders are from customers eating in the restaurant and 45% from the drive through window. 65% of the orders from the customers eating in the restaurant are from food and 35% from drinks. Solve Probability Problem Quantitative ..
Statistical Testing for an Out-of-Control Process, A statistical process analyst is responsible for assuring statistical control. In one process, a machine is supposed to drop 11.4 ounces of mints into a bag.
Normal distribution with mean and variance
Mean and Variance of a Probability distribution, A bank keeps tracks of customers coming into the bank between 12 Noon and1 PM on Monday.
Using ANOVA to test mean difference
Make the appropriate test statistics & the rejection of your test.
Finding the maximum speed using first derivative test - Find the speed will maximize the flow rate on the road?
Find the critical value at the 0.05 level of significance for a goodness of fit test if there are 6 categories?
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