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The Ace Wrecking Company operates a large fleet of trucks. These trucks average one call for mechanical service every 4 hours. Trucks generate revenue for Ace at the rate of $20 per hour. Ace's ace mechanic Thumbs Swenson, cost the company $12 per hour in wages, finges and equipment. Thumbs was found to average 20 minutes on a truck without thelp from the truck driver (2hours per truck with the truck drivers help) Assuming M/M1:FCFS/8/8 model:
a. What is the probability of 0,1 or 2 trucks in need of repair at any one time?
Calculate the standard deviation of BMI. Calculate the median BMI. The following are body mass index (BMI) scores measured in 12 patients who are free of diabetes.
Meagan Dubean manages a portfolio of 200 common stocks. Her staff classified the portfolio stocks by 'industry sector' and 'investment objective. If x is a binomial random variable with n=8 and p=0.6, what is the probability that x is equal to 4?
There is a fixed cost of $50,000 to start a production process. Once the process has begun, the variable cost per unit is $25. The revenue per unit is projected to be $45. Write a mathematical expression for total profit.
Develop a 95% confidence interval for the population mean number of hours spent watching videos and DVDs last year.
According to state government, the monthly incomes of college graduates have a standard deviation of $650. A county official believes that the standard deviation of monthly incomes is higher in her county.
Suppose we wish to predict the crawling age of a particular baby when the average outdoor temperature is 25°F six months after birth.
The lifetime of a disk drive head is normally distributed with a population mean of 1000 hours and a standard deviation of 120 hours. Determine the probability that the lifetime for 9 disk drives will exceed 940 hours.
Entire commercial airline industry, consider a random sample of 200 flights. What is the expected number that will arrive on time? What is the standard deviation of this distribution.
What probability distribution does n1 alone have? Specify the values of the sample size index and parameter for that distribution.
Can you conclude that the information in the article is untrue? Use the 0.05 significance level. Determine the p-value and explain its meaning.
particular cookie will have fewer than 5. What type of probability distribution will most likely be used to analyze the number of chocolate chips per cookie?
Comparing the experimental and theoretical probabilities, can you say the die used in this experiment is a fair die? Why or why not?
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