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Develop and solve a linear optimization model to determine the optimal mix to maximize profit, and write a short memo to the president, Kathy Chung, explaining the sensitivity information in languag
By how much would audience contact increase if an extra $100 were allocated to the promotional budget? Use shadow price in Sensitivity Report (you need to use Simplex Methods).
Use chi-square test to test if the two attributes (Performance and Training) in the following table are independent. Test at 5% level of significance.
Develop a Linear Programming Formulation which includes decision variables, objective function and constraints. State what your decision variables, objective function and constraints stand
At the 0.01 level of significance, use the five step p-value approach. (hint: use PHStat or other means to calculate the p-value)
Distinguish between Classification and Tabulation of data. What are the types of Classification of data? Calculate mean and median for the following data.
Let L be the economic valuation of the loss of human life resulting from a coastal strike by the hurricane. Employ a decision tree to help these city officials make a decision that minimizes the exp
Approximately how many false positives would this test produce based on the updated probability P(~HIV|+)?
The sample consists of 80 females and 20 males, and has a total of 60 registered voters. If these data were used for a chi-square test for independence, the expected frequencies should have a total
Summarise the provisions and purpose of the RICS Valuation-Professional Standards (the Red Book) and briefly discuss the benefits and difficulties you consider it gives rise to.
A breeder records probabilities for two variables in a population of animals using the two-way tablegiven here. Let A be the event ""shaggy and brown-haired."" Compute P(Ac).
A continuous probability distribution represents a random variable
Assume each repetition is independent of the others. What is the probability of three successes?
In a simple random sample from a population of several hundred that's approximately normally End of exam distributed, the following data values were collected.
A team of scientists is due to spend six months in Antarctica carrying out research. Determine the number of spares that the team should carry if their objective is to minimize expected costs.
By how much does the average price of a house increase if the lot size is increased by 1 square foot, with all other characteristics held constant.
Determine which of the following four population size and sample size combinations would not requirethe use of the finite population correction factor in calculating the standard error.
What is the probability that she does not agree or strongly agree that the lack of role models was a barrier to her career development?
Develop a scatter diagram with rating on the horizontal axis. Compute the sample correlation coefficient. What does this value tell us about the relationship between rating and share?
Make some comparisons between the number of persons living in rent-controlled units and the number of persons living in rent-stabilized units.
In sampling without replacement from a population of 900, it's found that the standard error of themean, x is only two-thirds as large as it would have been if the population were infinite in size.
What is the probability that there will be 0 defective cases if the process is operating correctly? What is the probability that there will be exactly 1 defective case?
If the university decided to print 2,600 programs for each game, what would the average profits be for the 10 games simulated in part (a)?
Find the expression for velocity profile, the mass flow and heat transfer rates of air due to natural convection in a vertical channel of circular and square cross-section for the fully developed fl