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A quality control engineer knows that his product quality, X, is normally distributed with mean 10 and standard deviation 2 under the current production procedure with cost per unit produced equal to 1$. If he increases the quality by reducing the process standard deviation to 1, his cost per unit will double. He can sell the products only if the quality is more than 2 otherwise the product is trashed. Is it really beneficial for him to reduce the standard deviation with the extra cost that it brings?
you are picking a bouquet of 20 flowers for your mother at random from a garden with 25 coneflowers 35 daisies and 42
the number of deaths due to firearms in the united states between 1968 and 1993 are given belowyearfirearm deaths
1 let x paretoy. what is distribution for y ln x 1 ?2 if f x1x2 2exp -x1 - x2 for 0ltx1ltx2ltinfinity.find the
On the basis of these results, do you think retailers and consumers have a right to complain to the manufacturers? Why?
We are interested in a 95% confidence interval for the population mean score. The margin of error associated with the confidence interval is?
you are playing a game which you flip 3 fair coins. it costs 2 to play the game which must be subtracted from your
What is the effect on a confidence interval if one decreases both sample size and the level of confidence?
draw a tree diagram representing the outcomes of flipping 3 coins with replacement between the flips. list the sample
What is the probability that 25% or fewer male employees will indicate that they have to pick up the slack for moms working flextime?
When estimating a population mean with a confidence interval estimate, then E is:
peter applied to an accounting firm and a consulting firm. he knows that 30 of similarly qualified applicants receive
The probability that during a sample of four (4) fishing days, the weight of the daily catch will be between 109 tons and 151 tons is?
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