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Question: Pizza King (PK) and Noble Greek (NG) are competitive pizza chains. PK believes there is a 25% chance that NG will charge $6 per pizza, a 50% chance NG will charge $8 per pizza, and a 25% chance that NG will charge $10 per pizza. If PK charges price p1 and NG charges price p2, PK will sell 100 + 25(p2 - p1) pizzas. It costs PK $4 to make a pizza. PK is considering charging $5, $6, $7, $8, or $9 per pizza. To maximize its expected profit, what price should PK charge for a pizza?
In addition parking time variable collected by the administration is an example of a ___________ random variable and parking are variable is an example of a ____________ random variable.
a. Determine the sample proportion, p, of households with cellular telephones that can be used to access the Internet. b. If the population proportion is 0.40, determine the standard error of the proportion.
Find a 98% confidence interval for the true mean. Assume that the account balances are normally distributed.
To allow the creation of camera-ready documents, languages like TEX and LATEX have been created. These languages can be thought of as varieties of programming language whose output controls laser printers or phototypesetters.
the traditional view about the normal curve in psychology is that normal curves are 6a rare in nature but often occur
the finished subassembly 2 must be inspected. A list of activities, their predecessors, and their durations. Draw a project diagram (network) for this project? What is the total project time?
Prove that, if a 3-by-3 transition matrix has the property that its column sums are 1, then (1/3, 1/3, 1/3) is a fixed probability vector. State a similar result for n-by-n transition matrices. Interpret these results for ergodic chains.
Use the given contingency table to (a) find the expected frequencies of each cell in the table, (b) perform a chi-square test for independence, and (c) comment on the relationship between the two variables.
Set up the null and alternative hypotheses for the toothpaste manufacturer. Out of a random sample of 40 toothpaste purchases, 19 are from this manufacturer. Can you conclude the toothpaste manufacturer's claim at α = 0.024? (Use p-value approac..
Bill is completing a project for you in the marketing department. In conducting his anaysis regarding consumer behavior and a new product that has been released, he tells you the correlation between these two variables is 1.09.
an emergency breakdown service suggests that 50 of all drivers are registered with their service. a random sample of
A standard deviation of .15 million people. What is the proportion of these newscasts having between .9 million and 1.5 million viewers?
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