Clint is anxious to define his strategy and calculate the utilities that entails choose the port of Gloucenter or Rockport, and for this, simulated the following 1,000 days of operation in both ports. Given the above, answer:
1) What is the probability that, on any given day,
Clint is anxious to define his strategy and calculate the utilities that entails choose the port of Gloucenter or Rockp...
i) Define what your strategy will be. Choose Gloucenter or Rockport? (Help: Clearly justify the fundamentals of your choice using a 95% confidence interval and making assumptions that allow you to make a logical decision) Clint Conley, president of Conley Fisheries, Inc., operates a fleet of fifty cod fishing boats out of Newburyport, Massachusetts. Clint's father started the company forty years ago but has recently turned the business over to Clint, who has been working for the family business since...
i) What is the probability that G is negative? What is the probability that R is negative? Clint Conley, president of Conley Fisheries, Inc, operates a fleet of fifty cod fishing boats out of Newburyport, Massachusetts. Clint's father started the company forty years ago but has recently turned the business over to Clint, who has been working for the family business since earning his MBA ten years ago. Every weekday of the year, each boat leaves early in the morning,...
Clint Barton is a self-employed consultant who runs his company, Hawkeye Solutions, out of a house that he owns that he does not live in. He uses the main floor for his work and rents out the second floor to a tenant. Since he uses a fair amount of computing in his work, he wants to make sure that he writes off a representative portion of the electrical bill for the house against the business. In the past, he estimated...
Q.1) Given a binomial random variable X with n = 13 and p = 0.76 Calculate the mean of X. Give your answers in the form x.xx where each x is a digit. Answers in any other form may be marked wrong. Answer: Q.2) Given a binomial random variable X with n = 13 and p = 0.76 Calculate the standard deviation X. Give your answers in the form x.xx where each x is a digit. Answers in any other form may...
exercise Trouble in the family In the past, most people in Port Eizabeth who wanted to get their imported cars fixed had to turn to the dealer from which they had purchased the car. The problem with that was that the buyer of an imported car sometimes had to arrange for his or her car to be fixed in Cape Town or Johannesburg at huge extra cost. Recently, however, auto repair shops that specialise in imported cars have become popular...
Q1) Consider two events P and Q. a. Write the general formula used to calculate the probability that either event P occurs or Q occurs or both occur. b. How does this formula change if: i. Events P and Q are disjoint (i.e., mutually exclusive of each other). ii. Events P and Q are nondisjoint events that are statistically independent of each other. iii. Events P and Q are nondisjoint events that are statistically dependent of each other. Q2) Rewrite...
art 250 Choose the best answer of both hands at the same time is A. flow process chart simultaneous-motion (SIMO) chart 2 The best chart used to analyze the Body is called B. Operations charts D. None of the above 3. In a stopwatch time study, the average time it takes a given worker to perform a task a certain number of times is the: A. Observed time B. Normal time C. Standard time D. Performance rating time Labor Standards...
This course is actually Quantitative Methods and Analysis In Unit 2, you have learned about three different types of distributions: Normal, binomial, and Poisson. You can take data that you collect and plot it out onto graphs to see a visual representation of the data. By simply looking at data on a graph, you can tell a lot about how related your observed data are and if they fit into a normal distribution. For this submission, you will be given...
(2) Just over 2 weeks ago (15 days ago), a 35 yr. old male subject presented with complaints tiredness" and that he "fatigues easily" with any simple exertion. At that time a blood sample was taken his CBC values were: (15 pts) RBCs = 3.99 x 1012 cells/L, Het = 42.8 %, HigB = 10.1 g/dL. Answer Based on these values, was he anemic? ( Yes / No) Based on: Low Hct/ Low HgB/ Both Low / Both Normal (...
SHOW WORK!!!!! Full credit will not be given for answers only. NOTE: for any question asking you to determine a probability---- you MUST write out a probability statement using proper notation!!!! Probabilities should be DECIMAL form and rounded to 4 decimal places. 1. There are several scenarios described below. For each of them, do the following (note: R.V. means random variable) (1) Define the R.V.--- that means something like, "Let X be the number of people who....." (2) Define the...