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Question 1:
A mail-order firm has a circular which elicits a 10% response rate. Suppose 20 of the circulars are mailed as a market test in a new geographic area. Assuming that the 10% response rate is applicable in the new area, determine the probability that
(i) no one responds,
(ii) exactly two people respond,
(iii) less than 20% of the people respond.
Question 2:
The packaging process in a breakfast cereal company has been adjusted so that an average of 13.0 oz of cereal is placed in each package. Of course, not all packages have precisely 13.0 oz because of random sources of variability. The standard deviation of the actual net weight is 0.1 oz and the distribution of weights is known to follow the normal probability distribution.
(i) What is the probability that the weight of the cereal will exceed 13.25 oz?
(ii) Evaluate the probability that a randomly chosen package will contain between 13.0 and 13.2 oz of cereal.
Annuity A sequence of equivalent money payments made or obtained at equivalent durations over a specific time period.
Consider the manufacturing system presented in the article by Yu and Bricker (1993). The management would like to purchase new machine tools more reliable and more high accuracy
What is the complete answer and files for this document
Use the “best subsets” method to identify a “best” model for the data. Explain what you think is the best model and why.
A business starts out with a cash balance of £1,000. It then makes the following transactions: Buys inventory on credit for £500 Sells a non-current asset for £100 cash Sells goods
(b) P(X = 8)
CBT has agreed to finance the needs of a stereo wholesaler for the next month. To complete the loan agreement, the wholesaler must estimate the cash on hand during the first 90 day
I have a midterm coming up the teacher is allowing us to have a front & back cheats on anything we want on it. Is there a way you guys can make me one?
Ask question #Mmnhkinimum 100 words accepted#
discuss the nature and causes of the components of an economic time series?
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