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Let A be an event that a person'r primary method for transportation to and from work is an automobile and B be an event that a person'd primary method of transportation to and from work is a bus. Suppose that in a large city P(A) = 0.45 and P(B) = 0.35.
a. Are events A and B mutually exclusive? What is the probability that a person uses an automotible or a in going to and from work?
b. Find the probability that a person's method of transportation is some means other than a bus.
A manager wants to determine the number of containers to use for incoming parts for a Kanban system to be installed next month. The process will have a usage rate of 75 pieces per hour. Because the process is new, the manager has assigned inefficienc..
Consider an oil-wildcatting problem. A decision maker has mineral rights on a piece of land that he believes may have oil underground. There is a 30% chance that the decision maker will strike oil if he drills. If he drills and strikes oil, then the ..
Many environmentalists recognize the BP oil spill in the Gulf of Mexico as the worst oil spill in U.S. history. The spill severely damaged the gulf ecosystems, commercial fisheries and caused hundreds of people to get sick.
A business organization intends to develop a new e-commerce Web site to enable its customers to make online purchases of computers in a quicker and more efficient manner
Discuss several advantages of using the M/M/1 waiting line queuing model. Clearly explain the reasons for your choices.
The Super Cola Company must decide whether or not to introduce a new diet softdrink. Management feels that if it does introduce the diet soda it will yield a profit of $1.25 million
Project Management Role in an Internet based web company.
A manufacturing process has a fixed cost of $150,000 per month. Each unit of product being produced contains $25 worth of material and takes $45 of labor. How many units are needed to break even if each completed unit has a value of $90?
Which of the following is a true statement concerning evaluation criteria?
Darsoft Inc., a large manufacturer of personal computers, assembles Intel Core Duo motherboards on a product line. According to the production technology, the tasks that must be performed on each motherboard are shown below. Production quotas..
what is the probability that the sample proportion p will be within +-0.02 of the population proportion Pi?
Standard selling price is $125 per unit. Overhead is charged weekly at the rate of $1,500 plus .5 times direct labour cost. Suppose a 40-hour week also an hourly wage of $16. Material cost is $10 per foot. Elucidate what is the average multifactor..
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