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Suppose you face a decision making process at home such as purchasing necessities, paying bill, etc. Set up a linear programming model in words, and discuss what your objective function, decision variable, and constraints would be.
Statistics and Probability, Statistics
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A tire company measures the tread on newly-produced tires and finds that they are normally distributed with a mean depth of 0.99mm and a standard deviation of 0.35mm. Find the probability that a randomly selected tire wi ...
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Confidence intervals (CI) are one of the simpler forms of inferential statistics. What does the CI represent? And why does our knowledge of the Central Limit Theorem (CLT) and the empirical rule let us understand why the ...
Informatics and Financial Applications Background The assignment of a payroll calculator demonstrates Excels ability to automate and present financial calculation information clearly. The ability to build and professiona ...
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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
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