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The research department wants to conduct a satisfaction survey at some of the theatres to determine how satisfied customers are with the theatre in which they just saw a movie and how much they spent (tickets, popcorn, etc.) Several questions will be asked but the main outcome measure of interest will be the percentage of customers who were completely satisfied and plan to return and the average amount spent. A few years ago a similar survey was conducted and it found that customers had seen an average of 5 movies at the theatre, had spent an average of $25, and 80% were completely satisfied and planned to return. The results also revealed that about two-thirds of the respondents spent anywhere from $15 to $35.
The budgeting process for a Midwestern college resulted in expense forecasts for the coming year (in $ millions) of $9, $10, $11, $12, and $13. Since the actual expenses are unknown, the following respective probabilities are assigned: .3, .2, .25..
Fast Service Truck Lines uses the Ford Super Duty F-750 exclusively. Management made a study of the maintenance costs and determined the number of miles traveled during the year followed the normal distribution. The mean of the distribution was 60..
At 0.05 level of significance, is there evidence of noteworthy difference in variation in sales among different aisle locations?
Simulate the arrival of cars at the service station for 20 arrivals and compute the average time between stations and Simulate the arrival of the cars at the service station for 1 hour
Calculate a 90% CI for the population proportion of Americans who believe there is intelligent life on other planets.
A transatlantic plane carries 140 passengers. It is known that the average weight of all passengers on that plane is 147.14 pounds, that the men on that plane weigh on the average 170 pounds, and women 130 pounds. How many men and how many women w..
Time spent using e-mail per session is normally distributed, with μ = 8 minutes, and σ = 2 minutes. If you select a random sample of 25 sessions,
Determine the mean and standard deviation of this distribution?
Suppose that 40% of cars in your area are manufactured in the United States, 30% in Japan, 10% in Germany, and 20% in other countries. If you randomly select 6 cars, what is the probability that two of them are Japanese?
Bob Billy is an operations analyst for Dollar-Does-It stores based in Iva, SC. He is currently studying the order and stocking policies for top-selling toy.
Relatively speaking, who performed better on the test, you, with an 86, or your friend? Why?
Formulate and LP model for this problem using Excel. Sketch the feasible region for this problem using Excel. Find the optimal solution
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