Questions
A grocery store is trying to predict how many packages of toilet paper rolls will be...

A grocery store is trying to predict how many packages of toilet paper rolls will be purchased over the next week. They know from their records that each customer has a 60% chance of buying 0 packages, a 30% chance of buying 1 package, an 8% chance of buying 2, and a 2% chance of buying 25. They expect about 150 customers per day.

What is the probability that the average number of packages per customer is greater than 1 over the course of a week? Assume the store is open 7 days a week.

Please calculate the standard error.

In: Statistics and Probability

In the game of​ roulette, a player can place a ​$9 bet on the number 6...

In the game of​ roulette, a player can place a ​$9 bet on the number 6 and have a 1 /38 probability of winning. If the metal ball lands on 6​, the player gets to keep the ​$9 paid to play the game and the player is awarded an additional ​$315 ​Otherwise, the player is awarded nothing and the casino takes the​ player's ​$9. Find the expected value​ E(x) to the player for one play of the game. If x is the gain to a player in a game of​ chance, then​ E(x) is usually negative. This value gives the average amount per game the player can expect to lose

In: Math

For each of the following situations provide the type of variable(s) that you would use to...

For each of the following situations provide the type of variable(s) that you would use to model it and give a kind of probability distribution that would be appropriate for modeling that variable.

  1. Age of students in the class
  2. Choice of color marker
  3. Whether you ride a bus given how much cash you have in your pocket.
  4. Number of ice creams I have eaten, up to 3 ice creams maximum.
  5. Cost of a crop based on the harvest size.
  6. Cities in the US
  7. Distance of a city in the US to Columbus
  8. Height of students in class based on gender

In: Computer Science

A marketing firm is considering making up to three new hires. Given its specific needs, the...

A marketing firm is considering making up to three new hires. Given its specific needs, the management feels that there is a 60% chance of hiring at least two candidates. There is only a 7% chance that it will not make any hires and a 10% chance that it will make all three hires.

a. What is the probability that the firm will make at least one hire? (Round your answer to 2 decimal places.)

b. Find the expected value and the standard deviation of the number of hires. (Round intermediate calculations to at least 4 decimal places. Round your final answers to 2 decimal places.)

In: Math

The Brampton store has customers arrive every 95 seconds and average service rate of 55 customers...

The Brampton store has customers arrive every 95 seconds and average service rate of 55 customers per hour. What is the average number of customers waiting in line? Answer to 2 decimal places.The Hamilton store has an arrival rate of 30. If the store wanted the average time in the system to be 6 minutes, what would the service rate have to be? Answer to one decimal place.The Brantford store has a service rate of 60 customers per hour. What is the probability that checkout time will take between 1 and 3 minutes.

In: Operations Management

A math class consists of 28 students, 13 female and 15 male. Three students are selected...

A math class consists of 28 students, 13 female and 15 male. Three students are selected at random, one at a time, to participate in a probability experiment (selected in order without replacement). (a) What is the probability that a male is selected, then two females? (b) What is the probability that a female is selected, then two males? (c) What is the probability that two females are selected, then one male? (d) What is the probability that three males are selected? (e) What is the probability that three females are selected? A math class consists of 28 students, 13 female and 15 male. Three students are selected at random, one at a time, to participate in a probability experiment (selected in order without replacement). (a) What is the probability that a male is selected, then two females? (b) What is the probability that a female is selected, then two males? (c) What is the probability that two females are selected, then one male? (d) What is the probability that three males are selected? (e) What is the probability that three females are selected?

In: Statistics and Probability

Do a Google search on one Trump environmental regulation rollback, and also check the New York...

Do a Google search on one Trump environmental regulation rollback, and also check the New York Times Environment page https://www.nytimes.com/section/climate for additional information. Find two or three regulations that the President proposed to roll back during the 2017 to 2020 period. Now do a little research on these rollbacks. addressing the following questions.

1. What is the proposed change to the existing regulation?

2. What is the status of the proposal? Has it replaced the previous regulation or is still in the proposal phase or under court challenge?

3. Who wins and who loses from the change?

4. What was the Trump EPA's justification for the change? Why did environmentalists oppose the change?

5. What is the pollution reduction or resource protection goal of the original law the regulation is supposed to be enforcing?

In: Economics

Which of the following best describes a high supply risk? a. Sourcing from multiple suppliers. b....

Which of the following best describes a high supply risk?

a.

Sourcing from multiple suppliers.

b.

Sourcing from ten suppliers with an alternative source of supply.

c.

Sourcing from one supplier without an alternative source of supply.

d.

Sourcing from one supplier with an alternative source of supply.

Which of the following is not a supplier strategy?

a.

Partnership.

b.

Competitive Bidding.

c.

Secure Supply.

d.

First respondent wins the order.

Which of the following best describes a low supply risk?

a.

Sourcing from one supplier with an alternative source of supply.

b.

Sourcing from one supplier with an alternative source of supply.

c.

Sourcing from many suppliers and switching costs are low.

d.

Sourcing from many suppliers and switching costs are high.

In: Operations Management

Alan, who is the Chief Financial Officer of SNL, has become aware that the company is...

Alan, who is the Chief Financial Officer of SNL, has become aware that the company is seeking to tender for some major renovation work needed by the company. Alan’s cousin is in the renovation business so Alan tells him of the possibility of work at SNL. Alan tells his cousin the price range that SNL will consider and something about other companies that are tendering. Alan attends the meeting where they consider who will get the tender for the repair work, but does not disclose his connection with his cousin, who has put in a tender and actually wins the contract. 3. Does Alan have any potential liability for what he has done or not done?

Hi there, can you please answer this question in around 800 words by using IRAC method. Its a 10 marks question.

In: Accounting

1. You are a management accountant for Burn's Corporation. Ruth Hamilton, the sales representative for one...

1. You are a management accountant for Burn's Corporation. Ruth Hamilton, the sales representative for one of Burn's suppliers, invited you to attend a professional sporting event. Because you are an avid sports fan, you accepted Ruth's invitation. At the sporting event, Ruth begins talking about Burn's upcoming contract renewals with suppliers. Because there is intense competition and because it is the first bid she will submit to Burn's Corporation, she asks you to review her bid to make sure "it is good enough" before she submits it to the company. In addition, because you are knowledgeable about costs, especially regarding this contract, she asks you to tell her if her bid is "in the ballpark" or "needs improvement." She indicates that if she wins the contract, you will be provided with season tickets for the rest of the year.

In: Accounting