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4. Suzie's Sweatshirts is a home-based company that makes upscale, hand painted sweatshirts for children. Forecasts of sales for the next year are Autumn: 125 Winter: 350 Spring: 75 Each Shirt is sold for $15. The holding cost per shirt is 6% of the selling price per quarter. The shirts are painted by part-time workers who earn $4.50 per hour during the autumn. Because of the high demand for part-time help during the winter holiday season, labor rates are higher in the winter, and Suzie must pay the workers $6.00 per hour. In the spring, labor is more difficult to keep, and Suzie finds that she must pay $5.50 per hour to get qualified help. Each shirt takes 1.5 hours to complete. Formulate the problem to a LP model to help Suzie plan production over the three quarters to minimize the combined production and inventory holding cost. Suppose there is no inventory at the beginning of the autumn.(Note: You do not need to solve the model.)
Four customers in succession come into the store to order stereos. The retailer is interested in their preferences. List the possibilities for preference arrangements among the four customers.
What is the value of the mean square for error (the "within groups" mean square that would be reported in the ANOVA test, and what is the value of the mean square for treatments (the "between groups" mean sqaure) that would be reported in the ANOVA ..
Use a 0.05 level of significance (? =.05) to determine whether or not the percentage of Atlanta CEOs who have advanced degrees is significantly less than the national percentage.
There are four levels of measurement, two are numeric and two are attribute data. This first time around, try to identify if a question produces a number or a text number.
Find the value of k. Find the cdf of X. Find the mean and the variance of X.
martindate were tester which can compare two materials in sigle run, weights losses from seven runs. Examine these data by creating the 90% confidence interval for difference of means. Define your assumption.
How many participants need to be enrolled in each group to have a 90% chance of detecting a significant difference using a two sided test with α =0.05 if compliance is perfect?
What are the pros and cons of selecting an established theoretical or conceptual model or framework? What are the pros and cons of creating/developing your own?
A multiple regression equation for list price of homes in certain community in USA is=170,000 -850 X 1 + 28,000 X 2 , where X 1 signifies age in years and X 2 signifies number of rooms.
Revenue and cost functions for producing and selling quantity x for certain production facility are given below. Find out profit function P(x).
What is the probability that a consumer selected at random: a. purchased fewer products than before? b. purchased the same number of products as before?
Distribution in Research simulation located on your student website. During the third cycle of the simulation, you need to make a decision about buying machinery.
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