Conditional Probability Problem 1) A foundry has 3 different production lines and wants to evaluate the...
+ O ShapesI Ink to Shape 2. Two production lines are used to pack sugar into 5 kg bags. Line 1 produces twice as many bags as does line 2. One percent of bags from line 1 are defective in that they fail to meet a purity specification while 3% of the bags from line 2 are defective. A bag is randomly chosen for inspection. ( 2 points, each part is 0.5 points) a. What is the probability that it...
Question 8 1 pts An inspection on 160 parts made from two production lines at a factory yields the following table. A part is randomly selected from these 160 parts. Line 1 Line 2 total Good 65 82 147 Defective 5 8 13 total 70 90 160 The probability that this part is made from Line 1 is about O 0.41 0.56 O 0.44 0.39 0.03 Question 10 1 pts The following two-way contingency table gives the breakdown of the...
TO SU Part 1: Probability were cay 1. A question on a multiple-choice test has 10 questions each with 4 possible answers (a,b,c,d). a. What is the probability that you guess all the answers to the 10 questions correctly (carn 100%)? 2. If you ask three strangers about their birthdays, what is the probability a. All were born on Wednesday? b. What is the probability that all three were born in the same month? c. All were born on different...
Problem 1 REGIONAL AIRLINES Regional Airlines is establishing a new telephone system for handling flight reservations. During the 10:00 A.M. to 11:00 A.M. time period, calls to the reservation agent occur ran- domly at an average of one call every 3.75 minutes. Historical service time data show that a reservation agent spends an average of 3 minutes with each customer. The waiting line model assumptions of Poisson arrivals and exponential service times appear reasonable for the telephone reservation system. Regional...
You are part of an accounting firm Advisory team that has been engaged by a client to assess how they might make their “sales to order” process more “efficient”, perhaps with the introduction of new technologies. The client has provided a written description of their business, and the process under review, as follows: HHH is a small manufacturer of university based sportswear (a highly competitive market where fast response times are prized by customers). Sales span every region of the...
You are part of an accounting firm Advisory team that has been engaged by a client to assess how they might make their “sales to order” process more “efficient”, perhaps with the introduction of new technologies. The client has provided a written description of their business, and the process under review, as follows: HHH is a small manufacturer of university based sportswear (a highly competitive market where fast response times are prized by customers). Sales span every region of the...
Problem 1: Isoquant, Isocost Cost Minimizing Approach to Factor Selection: Suppose that as part of the UNCCCC Paris Agreement Green New Deal Plan to rapidly reduce Greenhouse Gas Emissions (GHGs) and other local air pollutants, suppose the elected City Council of the City of K'jipuktuk (Halifax) puts into place a low GHG transport system. As part of the plan, K'jipuktuk Transit, has been electrifying and increasing the size of the city's Public Transit System. So, far to this end, suppose...
There was no question about Carl’s genius. Seven years ago he decided to enter the competitive nightmare that the personal computer business had become. Although on the surface that appeared to be a rather non-genius-like move, the genius came in the unique designs and features that he developed for his computer. He also figured a way to promise delivery in only two days for the local and regional market. Other computer makers also had rapid production and delivery, but they...
Case 6-1 A Kink in Links of London’s Selection Process What determines if a question is acceptable in a pre-employment inquiry, and what questions might have been deemed unacceptable on Links’s job application? When one thinks about the spirit of Britain, especially London, Links of London is hoping that their charm, elegance, and world-renowned reputation makes them the firm that immediately comes to the discerning consumer’s mind. Driven by quality and designing fine jewelry and watches with a British motif,...
HDT Truck Company HDT Truck Company has been located in Crown Point, Indiana, since 1910. Its only products— large trucks—are built to individual customer specifications. The firm once produced automobiles but dropped out of the auto business in 1924. The firm nearly went out of business in the late 1930s, but by 1940 its fortunes were buoyed by receipt of several military contracts for tank retrievers—large-wheeled vehicles that can pull a disabled tank onto a low trailer and haul it...