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A producer can produce a product at a variable cost per unit of $9. The producer can sell the product for $12 each. If the fixed cost is $60,000, how many units must the producer sell to make a profit of $45,000?
Statistics and Probability, Statistics
On a correlation matrix, you will usually see two values per comparison. The top value for a correlation measurement will be the Pearson correlation, right under that you will see a p-value. I understand when you have a ...
Interested in learning more about its fans, the marketing office of the Arena Football League (AFL) conducted a survey at one of its games. The survey had 952 respondents, 679 males and 273 females. Out of the 952 total ...
Suppose that a certain college class contains 55 students. Of these, 31 are sophomores, 28 are history majors, and 6 are neither. A student is selected at random from the class. (a) What is the probability that the stude ...
37?% of college students say they use credit cards because of the rewards program. You randomly select 10 college students and ask each to name the reason he or she uses credit cards. Find the probability that the number ...
A community hospital wants to estimate the body mass index (BMI) of its local population. To estimate the BMI with an error of at most 0.5 at a 95% confidence level, what sample size should they use? The standard deviati ...
The table to the right shows the results of a survey in which 2575 adults from Country? A, 1126 adults from Country? B, and 1072 adults from Country C were asked if human activity contributes to global warming. Complete ...
These are some questions for my finance class that is giving some trouble to understand completely: Can Enterprise Value be negative? Why? How would you value an apple tree?
A quality controller selects 8 items at a predefined interval and found that 75% of the time the item was non-defective. Let "S" represent the occurence of a non defective item. Assuming that this experiment is Binomial: ...
An all-equiry business has 175M shares outstanding selling for $20/share. Management believes interest rates are unreasonably low and decides to execute a leveraged recapitalization. It will raise $1B in debt and repurch ...
Suppose that X1, · · · .Xn are normal with mean µ1; Y1, · · · , Yn are normal with mean µ2, and W1, · · · , Wn are normal with mean µ1 + µ2. Assuming that all 3n random variables are independent with a common variance, f ...
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