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Q1) Susan Williams has been production manager of Medical suppliers, Inc , for past 17 years. Medical suppliers, Inc., is a producer of bandages and arm slings. In the past five years, demand for No- stick bandages has been moderately constant. On average, sales have been about 87,000 packages of No stick. Susan has reason to think that distribution of No- Stick follows normal curve, with standard deviation of 4000 packages. Determine the probability that sales will be less than 81,000 packages?
Q2) Industrial oven utilize to cure sand cores for factory manufacturing engine blocks for small cars is able to maintain fairly constant temperature. Temperature range of oven follows a normal distribution with mean of 450 F and standard deviation of 25F. Leslie Larsen, president of factory, is concerned about large number of defective cores that have been produced in several months. If oven gets hotter than 475F, core is defective. Determine the probability that oven will cause core to be defective? Find out the probability that temperature of oven will range from 460 to 470 F?
When the Sharpe Ratio for the market portfolio is 0.5, what risk-free rate Rf is the market anticipate? Draw on a diagram for the Capital Market Line derived from the above data. Make sure to clarify the intercept and the slope.
If the sales are $150,000 per month, determine how much the company can expect to receive of this amount.
What is the probability all three of the selected homes have a security system?
Each party's position must be statistically sound. Include as suitable graphs, computations, and statistical tests.
Answer all of these questions using R Commander. Include all graphs, outputs from R Commander.
Form the column of differences and find the mean and standard deviation of this column of numbers.
Provide a discussion that supports the assumption that the variance of savings increases with family income.
State in each of given cases whether you would expect relationship between given variables to be positive or negative or neither.
In which of the following situations is bootstrapping (and other resampling methods) often used and Which of the following is a valid description of the bootstrapping method.
Hagger Engineering Corporation is considering undertaking several proposed projects for the next fiscal year. The projects, the number of engineers and the number of support personnel necessary for each project.
Determine fraction of employees cost between $1,500 and $2,000 per year?
A study published in the New England Journal of Medicine (Aug. 2001) suggests that it's dangerous to enter a hospital on a weekend. During a 10-year period, researchers tracked over 4 million emergency admissions to hospitals in Ontario, Canada. T..
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