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Question: M/PF Research, Inc. lists the average monthly apartment rent in some of the most expensive apartment rental locations in the United States. According to their report, the average cost of renting an apartment in Minneapolis is $951. Suppose that the standard deviation of the cost of renting an apartment in Minneapolis is $96 and that apartment rents in Minneapolis are normally distributed. If a Minneapolis apartment is randomly selected, what is the probability that the price is:
a. $1,000 or more?
b. Between $900 and $1,100?
c. Between $825 and $925?
d. Less than $700?
Where are the main opportunities to improve the cycle time of this process, with respect to both actual time used and the potential best times? What strategy would you use
They would like the margin of error of the 95% confidence interval for the proportion to be 0.05 or less. Use the guessed value p = 0.25 to find the required sample size.
a sample of 100 msnbc viewers shows an average household income of 119 k and a standard deviation of 30k.a. what would
What are the assumptions and requirements for an LP model to be formulated and used? Under what conditions will an LP problem: be unbounded? be infeasible? have more than one optimal solution?
Construct a runs chart for the empty weight. Include a line at the average empty weight for reference and comment on the chart. Construct a runs chart for the full weight. Include a line at the average full weight for reference and comment on the ..
Using the constant a 5 0.3, ?t an exponentially smoothed curve to the original time series. Repeat part (c) using a 5 0.7. How has the new value for the constant affected the smoothness of the ?tted curve?
This follows because Madonna incurs 0.005*20,000 in interest charges on her Saks card during Month 1. Help Madonna solve her problem. Once you have solved this problem, given an intuitive explanation of the solution found by Solver.
the population mean annual salary for rns is 63400. a random sample of 32 rns is selected from this population. assume
Find the mean and standard deviation.- Display these data with a histogram.- Write a few sentences describing the distribution of heights.
Show that the cla ratio for an ideal hexagonal close-packed structure is (8/3{'2 =1.633. If cla is significantly larger than this value, the crystal structure may be thought of as composed of planes of closely-packed atoms, the planes being lo..
Why is horizontal distance, rather than height, the response variable?
consider three jars labelled jar 1 jar 2 and jar 3. jar 1 contains one red ball and three green balls. likewise jar 2
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