Reference no: EM131072602
Use the distribution function fitting software to solve problems 7, 9, and 10.
Problems 7
Consider the following data set: 1, 2, 2, 3, 4, 5, 7, 8, 9, 10, 11, 13, 15, 16, 17, 17, 18, 18, 18, 20, 20, 21, 21, 24, 27, 29, 30, 37, 40, 40. What distribution family appears to fit the data best? Use summary statistics and a histogram to assist you.
Problems 8
Hypothesize one or more families of distributions for each of the following cases:
a. Time between customers arriving at a fast food restaurant during the evening dinner hour.
b. The time till the next failure of a machine whose failure rate is constant.
c. The time till the next failure of a machine whose failure rate increases in time.
d. The time to manually load a truck based on the operational design of a system. You ask the system designers for the minimum, average, and maximum times.
e. The time to perform a task with long task times possible.
f. The distribution of job types in a shop. g. The number of items each customer demands.
Problems 9
What distribution function family appears to fit the following data set best? Use summary statistics and a histogram to assist you. Test your selection using the plots discussed in section 3.3.2.
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Establish the efficient level of pollution for this economy
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Compute the surface area of revolution of curve
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Constructs provided by simulation language in model building
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Calculate the consumer surplus at the equilibrium
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Use the distribution function fitting software
: Consider the following data set: 1, 2, 2, 3, 4, 5, 7, 8, 9, 10, 11, 13, 15, 16, 17, 17, 18, 18, 18, 20, 20, 21, 21, 24, 27, 29, 30, 37, 40, 40. What distribution family appears to fit the data best? Use summary statistics and a histogram to assist..
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Discuss the future of data management for large firms
: Produce a comparison of the management issues associated with traditional data management and with Big Data Management. Discuss the future of data management for large firms and the implications for IT management.
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Compute the supplier surplus at this equilibrium
: Compute the supplier surplus at this equilibrium.
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Hypothesize one or more families of distributions
: Hypothesize one or more families of distributions for each of the following cases: a. Time between customers arriving at a fast food restaurant during the evening dinner hour.
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Calculate the socially optimal number of shirts to be clean
: This means the full cost of each shirt is $1.25. Calculate the socially optimal number of shirts to be cleaned.
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