Find the mean and the standard deviation
The random variable X is normally distributed with mean μ and variance σ(squared). Given that P(X > 58.37) = 0.02 and P(X < 40.85) = 0.01, find the mean and the standard deviation.
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Can we conclude that a higher proportion of Italians than Americans prefer white champagne at weddings? Use a 0.05 level of significance.
George is supplementing his income in 2014 by building and selling 20,000 ant hills. He ended 2013 with 2,000 completed hills in inventory and would like to complete operations in 2014 with at least 2,500 completed hives in inventory.
The production process is straightforward. First, the blank CD's are brought to a production area where the digital soundtrac is copied onto the CD. The copying machine requires one hour per 3,600 CDs.
Would you say that the laboratory course increases the average grade by as much as 8 points? Use a P-value in your conclusion and assume the populations to be approximately normally distributed with equal variances.
In 2012, Y Company's revenue was $205,200, its total variable costs were $76,950, and its fixed costs were $89,400. Assume that these revenue and cost relationships continue in 2013.
Compute both direct labor cost and direct materials cost assigned to units completed and transferred out and ending goods in process inventory. (Round "Cost per EUP" to 2 decimal places.)
Maude Flanders (dead) leaves $10000 in her will to her neighbor, Marge Simpson. The will requires Marge to use a portion of the money towards.
Prepare a cost of goods manufactured budget for the hammer. Show monthly cost data and combined totals for the quarter for each cost category.
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