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Quantities Methods in Business

Monday, 03 April 2017 by

Question 4: The Evergreen Fertilizer Company produces fertilizer. The company’s fixed monthly cost is $25,000, and its variable cost per pound of fertilizer is $0.15. Evergreen sells the fertilizer for $0.40 per pound. Determine the monthly break-even volume for the company. Question 12: If the Evergreen Fertilizer Company in problem 4 changes the price of

1. If two balanced die are rolled, the possible outcomes can be represented as follows: (1,1) (2,1) (3,1) (4,1) (5,1) (6,1) (1,2) (2,2) (3,2) (4,2) (5,2) (6,2) (1,3) (2,3) (3,3) (4,3) (5,3) (6,3) (1,4) (2,4) (3,4) (4,4) (5,4) (6,4) (1,5) (2,5) (3,5) (4,5) (5,5) (6,5) (1,6) (2,6) (3,6) (4,6) (5,6) (6,6) Determine the probability of

8. In Syed’s town there are 11,303 Hindi speakers. In Rajiv’s town there are 19,251 Hindi speakers. In Jon’s town there are 1,092 Hindi speakers. For this situation, what is the variable under consideration? 9.The members of a board of directors have the following roles: president (P), vice president (V), secretary (S), treasurer (T), and

18. Employees of a local company are classified according to gender and job type. The following table summarizes the number of people in each job category. Male (M) Female (F) Job Administrative (AD) 110 10 Salaried staff (SS) 30 50 Hourly staff (HS) 60 40 If an employee is selected at random, what is the

Cell phone probability analysis

Monday, 03 April 2017 by

According to an article appearing in the Wall Street Journal, about 70% of all U.S. households have a cellular phone. suppose that you are conducting a survey of customer satisfaction regarding their cellular phone. If you called 11 households selected at random, what is the probability that: (a) every household has a cellular phone? (b)

The 3 problems are from the topic “Test of Hypothesis Based on a Single Sample” of Probability and Statistic. I need assistance with these problems. Need to find out the correct solution and answers. 9. Two different companies have applied to provide cable television service in a certain region. Let p denote the proportion of

Sample proportion

Monday, 03 April 2017 by

Suppose that 15% of all adults jog. An opinion poll asks a simple random sample of 500 adults if they jog. a) What is the sampling proportion in the sample who jog? b) According to the 68-95-99.7 rule what is the probability that the sample proportion who jog will be 11.8% or greater?

Stacy is considering inviting Ned to lunch for Valentines Day and would strongly prefer NOT to run into her ex-boyfriend Jim while having lunch with Ned. Knowing Jim’s dining preferences quite well, she assesses the following probabilities for Jim eating at the various restaurants as (1) Sam’s Pizza, 0.1 (2) Sy’s Sandwiches, 0.2, (3) Bubba’s

1) Classify events into success or failure 2) P(success) stay the same on each trial 3) Counting the number of successes 4) Discrete data 5) Independence Provide an example of a couple of variables that we work with that could meet the binomial criteria above.

A normal population has a mean of 80.0 and a standard deviation of 14.0. Compute the probability of a value between 75.0 and 90.0. Compute the probability of a value 75.0 or less. Compute the probability of a value between 55.0 and 70.0. In a binomial situation n = 4 and p = .25. Determine

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