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Assume a customer has a two-attribute value function for cars: cost and quality. Cost can range from $5,000 to $10,000 and quality can range from 0 to 10 (a higher score is better). Over these ranges, these two objectives are equally important to the customer. The value functions are both linear. Which car would this customer prefer: car A for $7,000 and quality level 5, or car B for $8,000 and quality level 6? Draw the value functions for the two attributes.
If gambler rolls two dice and gets sum of four, he wins $10; and if he gets sum of three, he wins $25. Cost to play game is $5. What is expectation of this game?
In Major League Baseball there are five teams in the Western Division of the National League: Arizona, Los Angeles, San Francisco, San Diego, and Colorado. How many different orders of finish are there for these five teams?
Construct a 99% confidence interval for the proportion of Americans who live in neighborhoods with acceptable levels of carbon monoxide.
The researchers planned to use simple linear regression to see if the age at which a baby was first able to crawl could be predicted from the average outdoor temperature six months after each baby's birthdate.
Banner Mattress and Furniture Company wishes to study the number of credit applications received per day for the last 300 days.
Temperature in certain city for the month of June follows a uniform distribution over the interval 61° F to 91° F. Find the temperature which 90% of the June days exceeds?
What is the expected number of crimes that will be solved? What is the standard deviation?
To demonstrate the process is in control or out of control utilizing p-chart. A company which produces nails has retained you as a consultant.
Florida State University administers a mathematics placement test to students where they 1st enter the university.
The following frequency distribution was obtained. The data values are in hours. Construct a histogram for the data .
Fit a linear regression model for bp against sodium. Do you think this is a model with a good fit? Why?
Change the frequencies to percentages - is there a group more likely to get high salaries.
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