mamma temte bakes six pies per day that cost $2. each to produce. on 23% of...
mamma temte bakes six pies per day that cost $2. each to produce. on 23% of the days she sells only two pies on 31% of the days she sells 4 pies and the remaining 46% of the days she sells all six pies. mamma temte sells pies for $5 each. let T = the total profit from a days worth pies. (a) give the probability distribution for the discrete random variable T. (b) what is her expected profit for a days worth of pies?(assume that any leftover pies are given away.)
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mamma temte bakes six pies per day that cost $2. each
to produce. on 23% of...
Mamma Temte bakes six pies a day that cost $2 each to produce. On 28% of...
Mamma Temte bakes six pies a day that cost $2 each to produce. On 28% of the days she sells only two pies. On 25% of the days, she sells 4 pies, and on the remaining 47% of the days, she sells all six pies. If Mama Temte sells her pies for $4 each, what is her expected profit for a day's worth of pies? [Assume that any leftover pies are given away.]
Provide an appropriate response 8) An Apple Pie Company knows that the number of pies sold...
Provide an appropriate response 8) An Apple Pie Company knows that the number of pies sold each day varies from day to day. The owner believes that on 50% of the days she sells 100 pies. On another 25% of the days she sells 150 pies, and she sells 200 pies on the remaining 25% of the days. To make sure she has enough product, the owner bakes 200 pies each day at a cost of $2 each. Assume any...
2. For each day that Sasha travels to work, the probability that she will experience a...
2. For each day that Sasha travels to work, the probability that she will experience a delay due to traffic is 02. Each day can be considered independent of the other days. (a) For the next 21 days that Sasha travels to work, what is the probability that Sasha will experience a delay due to traffic on at least 3 of the days? (b) What is the probability that Sasha's first delay due to traffic will occur after the fifth...
Question 2 (10 points) A lazy taxi driver makes exactly three trips each day. For each...
Question 2 (10 points) A lazy taxi driver makes exactly three trips each day. For each of the past 200 days shes been working, she has recorded the number of rides that earned her more than $25. She calls these good rides. It is reasonable to assume that her trip earnings form a random sample. She collects the following data: Number of good rides Number of days 80 26 For instance, she had 23 days without any good ride. In...
Question 2 Jake is selling dishes of premium tuna sushi at a small food stall. Each...
Question 2 Jake is selling dishes of premium tuna sushi at a small food stall. Each dish of tuna sushi costs him $10 to prepare. He sells each dish of premium tuna sushi at $30. If a customer comes to his stall to buy sushi but he runs out of sushi, he gives the customer $5 worth of bento for free and asks him/her to come back some other day. He knows from his past experience that daily demand for...
B5. (a) A factory makes 5 trucks per day, seven days per week. Each truck has probability 0.1 of ...
B5. (a) A factory makes 5 trucks per day, seven days per week. Each truck has probability 0.1 of being faulty, independently of any other trucks i) What is the probability that exactly two of the trucks made in one week are faulty? ii) What is the expected number of faulty trucks made per week? 5 marks (b) The workers at the factory are asked to keep making trucks until a faulty truck is made. Again each truck has probability...
Fullerton Bakery advertises fresh baked cookies which it sells for $3.50 per lb. The demand per...
Fullerton Bakery advertises fresh baked cookies which it sells for $3.50 per lb. The demand per day for cookies follows normal distribution with mean 8 lbs and standard deviation 1 lb. If the cookies are not sold at the end of the day, it sells remaining cookies to a discount store which pays either $1.00, $1.25, $1.50, or $1.75 per lb with equal probabilities based on their requirements. Cookies cost bakery any where from $2.00 to $3.00 per lb uniformly...
2. A fire station logs the number of callouts occuring each day for a year and tabulates the results: O < c(c0-8, c1...
2. A fire station logs the number of callouts occuring each day for a year and tabulates the results: O < c(c0-8, c1-12, c2-36, c3-54 , c4-67 , c5-66, с7-37, c8-23, с9-10 , с10-11) c6-41, This means that on 8 days there were zero callouts, on 12 days there was one callout, on 36 days there were two callouts, and so on up to 11 days when there were 10 callouts. We wish to test the hypothesis that the number...
Solve the following Monte-Carlo simulation problem both with Excel data tables and @Risk. Include all your...
Solve the following Monte-Carlo simulation problem both with
Excel data tables and @Risk. Include all your answers directly in
your Excel file using text boxes or comment boxes. Please show
formulas used within excel.
NCAA Sweatshirt Problem
An enterprising OU student is trying to decide how many
sweatshirts to print for an upcoming NCAA Basketball Tournament
game. The final four teams have emerged from the quarterfinal
round, and there is a week left until the semi-finals, which are
then followed...
Solve the following Monte-Carlo simulation problem both with Excel data tables and @Risk. Include all your...
Solve the following Monte-Carlo simulation problem both with
Excel data tables and @Risk. Include all your answers directly in
your Excel file using text boxes or comment boxes. Please show
formulas used within excel.
NCAA Sweatshirt Problem
An enterprising OU student is trying to decide how many
sweatshirts to print for an upcoming NCAA Basketball Tournament
game. The final four teams have emerged from the quarterfinal
round, and there is a week left until the semi-finals, which are
then followed...
Provide an appropriate response 8) An Apple Pie Company knows that the number of pies sold each day varies from day to day. The owner believes that on 50% of the days she sells 100 pies. On another 25% of the days she sells 150 pies, and she sells 200 pies on the remaining 25% of the days. To make sure she has enough product, the owner bakes 200 pies each day at a cost of $2 each. Assume any...
2. For each day that Sasha travels to work, the probability that she will experience a delay due to traffic is 02. Each day can be considered independent of the other days. (a) For the next 21 days that Sasha travels to work, what is the probability that Sasha will experience a delay due to traffic on at least 3 of the days? (b) What is the probability that Sasha's first delay due to traffic will occur after the fifth...
Question 2 (10 points) A lazy taxi driver makes exactly three trips each day. For each of the past 200 days shes been working, she has recorded the number of rides that earned her more than $25. She calls these good rides. It is reasonable to assume that her trip earnings form a random sample. She collects the following data: Number of good rides Number of days 80 26 For instance, she had 23 days without any good ride. In...
B5. (a) A factory makes 5 trucks per day, seven days per week. Each truck has probability 0.1 of being faulty, independently of any other trucks i) What is the probability that exactly two of the trucks made in one week are faulty? ii) What is the expected number of faulty trucks made per week? 5 marks (b) The workers at the factory are asked to keep making trucks until a faulty truck is made. Again each truck has probability...
2. A fire station logs the number of callouts occuring each day for a year and tabulates the results: O < c(c0-8, c1-12, c2-36, c3-54 , c4-67 , c5-66, с7-37, c8-23, с9-10 , с10-11) c6-41, This means that on 8 days there were zero callouts, on 12 days there was one callout, on 36 days there were two callouts, and so on up to 11 days when there were 10 callouts. We wish to test the hypothesis that the number...
Solve the following Monte-Carlo simulation problem both with
Excel data tables and @Risk. Include all your answers directly in
your Excel file using text boxes or comment boxes. Please show
formulas used within excel.
NCAA Sweatshirt Problem
An enterprising OU student is trying to decide how many
sweatshirts to print for an upcoming NCAA Basketball Tournament
game. The final four teams have emerged from the quarterfinal
round, and there is a week left until the semi-finals, which are
then followed...
Solve the following Monte-Carlo simulation problem both with
Excel data tables and @Risk. Include all your answers directly in
your Excel file using text boxes or comment boxes. Please show
formulas used within excel.
NCAA Sweatshirt Problem
An enterprising OU student is trying to decide how many
sweatshirts to print for an upcoming NCAA Basketball Tournament
game. The final four teams have emerged from the quarterfinal
round, and there is a week left until the semi-finals, which are
then followed...
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