Determine the expected profit
A small software company will bid on the major contract. It anticipates profit of $50,000 if it gets it, but thinks there is only 30% chance of that happening.
a) Determine the expected profit?
b) Determine the standard deviation for the profit
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The pilot flew the jet from montreal to Los Angeles, distance of 2500 mi. On return trip average speed was 20% faster than outbound speed. Round trip took 9h 10 minutes. Find speed from Montreal to Los Angeles.
A company selling glass ornaments by mail order expects, from previous history, that 6% of ornaments will break in shipping. You buy two ornaments as gifts and have them shipped seperately to two different addresses. Determine the probability they
Assume mass is at rest at t=0 and that spring bounces up first. i. Find distance from floor at t=.5 sec; t=1 sec; t=1.5 sec; t= 2 sec. ii. Determine distances for second bounce? third bounce?
The quality assurance department for the Pepsi Distributors, Inc maintains meticulous records on bottling for 2 liter Pepsi bottles. Records point to that the process follows the normal probability distribution with a mean amount per bottle of of
A small software company will bid on the major contract. It anticipates profit of $50,000 if it gets it, but thinks there is only 30% chance of that happening. Determine the expected profit?
You're going to purchase n cents worth of candy, one piece at atime. Letan be the number of selection sequences that end up costing n cents.Soa2 = 7 ( mm,mb, bb, bm, s, p, g). Order matters. Determine a recursion relation for a n. Solve the recurs
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Illustrate that two planes π1: x+2y-z=1 and π2: x+z=-2 are perpendicular. Determine equation of plane π3 which passes through origin and is perpendicular to both π1 and π2.
(a) Employ the steps of hypothesis testing. (b) Sketch the distributions involved. (c) Describe your answer to someone who has never taken the course in statistics.
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