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In the 1970s, computers (even minicomputers) were very expensive. Since no one had their own computer, people had to share. Compared to today, computers in the 1970s were slow, with limited memory and storage facilities. Today, every programmer has his own computer with very fast processors, lots of memory, lots of disk space, sophisticated tools, and Internet access. Who had more fun, programmers in the 1970s or programmers today? How about programmers 20 years from now?
Refer to the sensitivity information for the Kelson Sporting Equipment problem in Figure 8.14 (see Problem 5).
Suppose a product must go through a sequential assembly line made up of ?ve operations. The time it takes to complete each operation is normally distributed with a mean of 180 seconds and standard deviation of 5 seconds.
Run a simple regression of the dependent variable demand on the independent variable price and observe the coefficient on price.
The objective of the sampling was to estimate the average dollar value of all prescriptions issued by the company. The following data were collected:
A random sample of 100 observations is obtained from a normally distributed population with a standard deviation of 10. What is a 95% confidence interval for the mean of the population if the sample mean is 40?
What type of probability distribution is appropriate for this problem? Determine the probability of getting no calls between eight and nine in the morning. Calculate the probability of getting exactly five calls between eight and nine in the morning
two inspectors review the quality of a manufactured component and classify the items as good repairable and scrap. each
Describe the use of sensitivity analysis and postoptimality analysis in analyzing the results. Describe the characteristics of a Bernoulli process. How is a Bernoulli process associated with the binomial distribution?
It is claimed that two of three Americans say that the chances of world peace are seriously threatened by the nuclear capabilities of other countries. If in a random sample of 400 Americans, it is found that only 252 hold this view, do you think t..
Q) Construct two sets of numbers with at least five numbers in each set with following characteristics;
Find the linear correlation coefficient for the systolic and diastolic measurements - determine the linear regression equation that uses the systolic pressure to predict the diastolic pressure.
the average power of a generic drug used for the common cold should be 5.0 0.1 mg cc so that it can be sold in
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