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The unique colors of cashmere sweaters a firm makes result from heating undyed yarn in a kettle with a dye liquor. The pH (acidity) of the liquor is critical for regulating dye uptake and hence the final color. There are 5 kettles, all of which receive dye liquor from a common source. Past data show that pH varies according to a Normal distribution with μ = 4.35 and σ = 0.125. You use statistical process control to check the stability of the process. Twice each day, the pH of the liquor in each kettle is measured, giving a sample of size 5. The mean pH x is compared with "control limits" given by the 99.7 part of the 68-95-99.7 rule for normal distributions, namely μx ± 3σx. What are the numerical values of these control limits for x? (Round to three decimal places.)
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Consider the following market supply: QS = c, where c > 0. At price P = 0.5(a/b), the absolute value of the price elasticity of this market supply is [e]. (NOTE: Write your answer in number format, with 2 decimal places of precision level; do not wri..
Reston Aviation has been awarded a government contract that requires the fabrication of an unusually large helicopter blade spar. Barbara Matthews, Reston’s President, is faced with two alternatives: Assessment of Risk for Fabrication of Helicopter S..
Review options available for managing this foreign-currency liability. Is there any reason to prefer one course of action over another.
In each case below, please identify the effect on the market for coal and mention briefly the mechanism yielding to this effect.
Each year,$7,500 is invested at 4% annual compound interest a) What is the value of the investment portfolio after 20 years? After 25 years? After 30 years? b) Repeat part (a) with the investment at 5% annual compound interest c) Based answers to (a)..
Using a 'counting' loop approach to simulate a entomologist collecting insects. The program should keep a running total of the insects collected for a five day period by asking for the number is insects collected each day.
If the proceeds on a 14-day simple discount loan is $4151 and the weekly simple discount rate is 1%, how much was returned?
Suppose there are 200 identical firms in a perfect competitive industry. Moreover, assume that each firm has the following short run cost function: C(q) = 0.5q2 + 5q + 20.a) Compute the short-run supply curve for a single firm, expressing q as a func..
In 1999, there was broad concern about the Y2K computer problem. Banks, and the Fed, predicted that many people would want to hold additional cash in case software glitches blocked access to their bank accounts on January 1, 2000. What happens to the..
Use the concept of the hydrologic cycle to explain how contamination of surface waters can also cause degradation of groundwater.
The movement to free international trade is most likely to generate short-term unemployment in which industries?
Do you favor paying college athletes salaries determined by a competitive labor market rather than a NCAA agreement?
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