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Flavin Cosmetics sells 80,000 tubes of lipstick annually. By leasing a casing machine at a cost of $9,000 per year which is capable of producing 200,000 tubes per year. The production set up cost to use this machine is $200 and the production cost of tube is $.38. In Flavin estimates its holding cost rate for tube is 20%, what is the maximum inventory level (rounded to the nearest integer) for Flavin?
a. 15,894
b. 18,104
c. 26,491
d. 31,512
e. None of the above
Write a brief summary report on the demographic and class distribution of this sample. Paste the tables and charts into your report and label each of them properly.
If two gloves are randomly selected from the box, without replacement (the first glove is not returned to the box after it is selected), what is the probability that both gloves selected will be right-handed?
A study of 200 commercial firms revealed the data below. What is the probability that a particular firm will have 1 million or more in income after taxes?
A standard deck of playing cards contains 52 cards divided equally into four suits: Spades, Hearts, Diamonds, and Clubs. Each suit contains thirteen cards: 2, 3, 4, 5, 6, 7, 8, 9, 10, J(ack), Q(ueen), K(ing), A(ce).
In a study , the average age of the male candidates who were affected , was 38.20 whereas the average age of the female subjects was calculated to 34.976 with the standard deviation of 156.91 and 116.16 respectively
Unacceptable bacterial contamination on 20 flights. (a) At α = .05, does this sample show that more than 10 percent of all flights have contaminated water? (b) Find the p-value.
a randomized trial is conducted to evaluate the efficacy of a new cholesterol lowering medication. the primary
A. What is the standard deviation?
444 voters to predict whether the budget will pass. Suppose the budget has 53% of the voters. What is the probability that the newspaper's sample will lead it to predict defeat?
Plasma glucose levels are used to determine the presence of diabetes. Suppose the mean in (plasma-glucose) concentration (mg/dL) in 35-44 year olds is 4.86 with standard deviation = 0.54.
question suppose that x xijnx2 is an observed data matrix from a bivariate normal distribution nmusigma2i where i is
Give an example of a situation in which you believe a Type I Error is more serious. Give an example of a situation in which you believe a Type II Error is more serious. In each case, why do you think so?
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