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A pharmaceutical company conducted a study to evaluate the effect of an allergy relief medicine. 250 patients with symptoms that included itchy eyes and a skin rash received the new drug.
The Banner Mattress and Furniture Company wishes to study the number of credit applications received per day for the last 300 days. The information is reported below:
Problem: At time 0.5, the price of $1 par of a zero maturing at time 1 will be either $0.96 or $0.98. The risk-neutral probability of the each outcome is 50%. The current price of $1 par
a) Should the buyer purchase the land now or in two years? b) What are some of the problems with waiting to buy land? c) What are some of the advantages of waiting?
You know that a probability distribution has a mean of 23.20 and a variance of 2.56. You try four different sampling techniques and get the follow results.
Using quantitative tools is one way to manage data. What kind of solutions may be derived using various statistical process controls (SPC)? Why is SPC training important to both company employees an
State the importance of identifying risks and categorizing them as high, medium or low probability. Explain why risks associated with the critical path of the project need special attention.
For both types of firms, there is a 60% probability that the firms will have 15% return and a 40% probability that the firms will have a -10% return. What is the volatility (standard deviation) of a
Assume you are going to manage a large construction project involving many subcontractors. Why use PERT or CPM to plan the project rather than just logically scheduling the subcontractors?
Find the least squares regression line with total payroll as an independent variable & % of games won as a dependent variable.
The annual cost of holding each of these monitors in inventory is estimated to be $120. In each period the actual production-run time should last:
Ocean Juice sells the cranberry juice cocktail to stores for $0.75 per quart and the raspberry cranberry blend for $0.95 per quart. What is its optimal daily production schedule and daily profit?
a. Compute the sample size. b. Compute the sampling interval. c. Assume the following misstatements were found in the sample:
I need assistance with locating four scholarly articles, summarizing them and discussing the significance and relation to the question?? Is there a correlation between the player's salaries and the
Which of the tools for decision making (quantitative methods, qualitative methods, and triangulation methods) should be used in developing operating procedures? Justify and explain your response.
Problem 1. What is the main difference between descriptive and inferential statistics. Give a brief example of each.
In describing the relationship of affirmative action and descriptive statistics, I said, "Affirmative action is the legal enforcement of policies, descriptive statistics is specific descriptive data
You have been asked to ship a package from Pennsylvania to California. You need to get it there in 2 days, heads will roll if it is late.You call 2 carriers, and ask them what their average transit
Problem: Why do so many of life's events share the same characteristics as the central limit theorem? Why are estimations and confidence intervals important? When might systematic sampling be biased
This solution discusses how to compute probability of random events (classic statistics) and then explains how this is different than subjective probability. Examples are given to show the student.
Problem: An analyst has modeled the stock of Crisp Trucking using a two-factor APT model. The risk-free rate is 6%, the expected return on the first factor (r1) is 12%, and the expected return on th
a. What is the probability that a person prefers water? b. What is the probability that a person prefers the sports drinks?
Problem 1: How do we calculate the mean of a set of data? Problem 2: What do we have to do first before we can determine the standard deviation of a set of data? (What other values do we need first?
A model containing a linear objective function and linear constraints but requiring that one or more of the decision variables take on an integer value in the final solution is called __________
(1) Over the next year, what is the expected number of defaults in the portfolio assuming a binomial model for defaults? (2) Estimate the standard deviation of the number of defaults over the next yea