Reference no: EM131400811
Manufactured cubes. A machine manufactures cubes with a side length which varies Uniformly over the interval [0.2, 0.3] in millimeters. For the following problems, make sure you use the correct units. (Assume the sides of the base and the height are all the same.)
a. What is the expected side length?
b. What is the standard deviation of the side length?
c. What is the expected area of one of the square bases?
d. What is the standard deviation of one of the square bases?
e. What is the expected volume of one of the cubes?
f. What is the standard deviation of the volume of one of the cubes?
In the rest of the problem, assume that the cost to make the cubes is 12 cents per cubic millimeter and 6 cents for the general cost (labor, electricity, etc.) per cube.
f. What is the expected cost for making 1 cube?
g. What is the variance in the cost for making 1 cube?
h. What is the expected cost for making 10 cubes?
i. What is the variance in the cost for making 10 cubes?
|
Local firm produces recliner sofas and wishes
: A local firm produces recliner sofas and wishes to expand production. The company currently employs sixteen workers who share twelve tool sets.
|
|
What are her expected winnings/loses in this game
: Assume that when she hits the paper, the location of her pencil tip is Uniformly distributed on the paper's surface. What are her expected winnings/loses in this game?
|
|
Pay structure for a new team of sales workers
: You have been tasked with determining the pay structure for a new team of sales workers. You are considering whether to pay them strictly on commission or whether to pay a smaller commission but guarantee a modest base salary.
|
|
Practice for working with two constraints
: As a practice for working with two constraints, find x and y that solve the following problem: Max x*y s.t. 2x+2y
|
|
What is the standard deviation of the side length
: Manufactured cubes. A machine manufactures cubes with a side length which varies Uniformly over the interval [0.2, 0.3] in millimeters. For the following problems, make sure you use the correct units. (Assume the sides of the base and the height a..
|
|
Impact a population health model
: How can innovations in health care technology impact a population health model. Give examples of technology that is available now?
|
|
Functions of the federal reserve
: How does quantitative easing relate to functions of the federal reserve? What is its purpose in adding more liquidy to the banking industry? Is the federal reserve still using quanititative wasing as of 2016.
|
|
Recession phase of the business cycle
: Explain how it is possible for an economy in the recovery phase of the business cycyle to have a lower GDP and higher unemployment rate than when it was in the recession phase of the business cycle.
|
|
Transform the price ceiling
: Suppose the government has imposed a price ceiling on sliced sandwich bread. Which of the following events could transform the price ceiling from one that is binding to one that is not binding?
|