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List two reasons it is better to sample without replacement when testing batches of products.When sampling without replacement,should you use the multiplication rule for independent or dependent events.
Statistics and Probability, Statistics
Consider the following cash flows: Year Cash Flow 0 -$5,900 1 2,000 2 2,700 3 1,500 4 900 What is the payback period for the above set of cash flows? In years
What are the ways that IT can help comply with legal requirements and social responsibilities surrounding the sales of alcohol?
A production system has two spares of a critical component that have average uptime 1/lamba = 1 month. Find the probability that the 3 components (the operating one and the two spares) will last more than 6 months. Assum ...
Taylor found that 8% of the recipients of loans form a particular mortgage lender default within 3 years. If he takes a random sample of 736 customers who received loans 3 years ago, what is the average number of custome ...
1) A normal distribution has μ = 28 and σ = 5. (a) Find the z score corresponding to x = 23. (b) Find the z score corresponding to x = 41. (c) Find the raw score corresponding to z = -3. (d) Find the raw sc ...
A factory manager must decide whether to stock a particular spare part. The part is absolutely essential to the operation of certain machines in the plant. Stocking the part costs $10 per day in storage and cost of capit ...
Hospital waiting room times are normally distributed with a mean of 38.12 minutes and a standard deviation of 8.63 minutes. What is the shortest wait time that would still be in the worst 20% of wait times?
Thanks for starting our discussion on Cash Management. If you think about it this comes down to speeding up collections of cash or slowing down disbursements of cash. Point out some strategies to accomplish it? Give refe ...
What is the present value of a security that will pay $9,000 in 20 years if securities of equal risk pay 12% annually? Round your answer to the nearest cent
A stock's price fluctuations are approximately normally distributed with a mean of $26.94 and a standard deviation of $3.54. You decide to sell whenever the price reaches its highest 10% of values. What is the highest va ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As