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Location Decisions
A manufacturer of oak barrels has factories in an area at the location coordinates provided in the following table. Each coordinate unit represents approximately 10 miles. The yearly demand at each factory is also given.
Management has decided to build a new factory to supply raw material to these factories. The location of the new factory should be central to the existing factories.
Respond to the following in a Microsoft Excel worksheet:
Support your responses with examples.
What is standard deviation for the average time? Use the 99.7% of the data, describe the variability of this sample mean
Elastic energy is the potential mechanical energy stored in the volume of a material
Based on your intuition, what is your overall impression of using the power of crowds in a business setting-strengths/weaknesses, good applications/bad applications, etc.?
Discuss how you would proceed if you had to determine to introduce a new product or not. Include the appropriate statistical testing.
1) Use Stata to analyze the following data from a clinical trial designed to evaluate whether or not patients with coronary artery disease respond to different treatments. The treatments are called heparin and enoxaparin. Let
Would you recommend using a z-test, a t-test, or an ANOVA for the analysis? Explain your answer. What would your choice of test depend on? For the test you select, explain your design and your comparison groups.
Give the null and alternative hypotheses for testing the consumer advocate group's claim. Compute the test statistic for testing the hypotheses, part c. Find the rejection region of the test at a= .10.
How many elephants does the researcher need to weigh so that he can be 80% confident that the average weight of elephants in his sample is within 350 pounds of the true average weight for this subspecies?
The acting HIM Director at ABC Hospital is currently on maternity leave. You have been hired as a HIM consultant to assist with managing the department during her absence. Your first day at the facility the CFO phones and says the budget for Relea..
Description of the ethical decision-making model. The goal(s) of the strategy. Details about using the ethical decision-making model of your choice
Behaviour of the functions at their end and midpoints points to suggest features that increase the convergence and those that are bad for convergence.
Calculate the mean, median, mode, variance, standard deviation and skewness.
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