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Question 25
A loaf of bread is normally

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Question 25

A loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is larger than 21 oz? Round your answer to four places after the decimal. Answer 5 points Question 26

A life insurance company wants to estimate their annual payouts. Assume that the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 4 years. What proportion of the plan recipients would receive payments beyond age 75? Round your answer to four places after the decimal. Answer 5 points Question 27

The drying rate in an industrial process is dependent on many factors and varies according to the following distribution.

Compute the mean drying time. Use two places after the decimal. Answer 5 points Question 28

An automotive center keeps tracks of customer complaints received each week. The probability distribution for complaints can be represented as a table or a graph, both shown below. The random variable xi represents the number of complaints, and p(xi) is the probability of receiving xi complaints.

What is the average number of complaints received per week? Round your answer to two places after the decimal. Answer 5 points Question 29

An investor is considering 4 different opportunities, A, B, C, or D. The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below.

Economic Condition Poor Average Good Excellent Investment (S1) (S2) (S3) (S4) A 50 75 20 30 B 80 15 40 50 C -100 300 -50 10 D 25 25 25 25

If the probabilities of each economic condition are 0.5, 0.1, 0.35, and 0.05 respectively, what is the highest expected payoff? Answer 5 points Question 30

The local operations manager for the IRS must decide whether to hire 1, 2, or 3 temporary workers. He estimates that net revenues will vary with how well taxpayers comply with the new tax code.

If he is conservative, how many new workers will he hire? Answer 5 points Question 31

Given the following random number ranges and the following random number sequence: 62, 13, 25, 40, 86, 93, determine the average demand for the following distribution of demand.

Demand Random Number Ranges 5 00-14 6 15-44 7 45-69 8 70-84 9 85-99 Answer 5 points Question 32

Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:

Compute a 3-period moving average for period 4. Use two places after the decimal. Answer 5 points Question 33

The following data summarizes the historical demand for a product

Month Actual Demand March 20 April 25 May 40 June 35 July 30 August 45

If the forecasted demand for June, July and August is 32, 38 and 42, respectively, what is MAPD? Write your answer in decimal form and not in percentages. For example, 15% should be written as 0.15. Use three significant digits after the decimal. Answer 5 points Question 34

Consider the following annual sales data for 2001-2008.

Alright. I got it . All is well. Question 40 though again appears to have cut off. EDIT: You appeared to have posted cut off questions in previous question thread. I got it

Hello. Thank you. Here is the whole of question 40 if you need it.Daily highs in Sacramento for the past week (from least to most recent) were: 95, 102, 101, 96, 95, 90 and 92. Develop a forecast for today using a weighted moving average, with weights of .6, .3 and .1, where the highest weights are applied to the most recent data. The answer is supposed to be typed. There are no multiple choice options for this question. Thanks once again.

Customer:replied 4 years ago.

Question 25

A loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is larger than 21 oz? Round your answer to four places after the decimal.

Answer

5 points

Question 26

A life insurance company wants to estimate their annual payouts. Assume that the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 4 years. What proportion of the plan recipients would receive payments beyond age 75? Round your answer to four places after the decimal.

Answer

5 points

Question 27

The drying rate in an industrial process is dependent on many factors and varies according to the following distribution.

Compute the mean drying time. Use two places after the decimal.

Answer

5 points

Question 28

An automotive center keeps tracks of customer complaints received each week. The probability distribution for complaints can be represented as a table or a graph, both shown below. The random variable xi represents the number of complaints, and p(xi) is the probability of receiving xi complaints.

xi

0

1

2

3

4

5

6

p(xi)

.10

.15

.18

.20

.20

.10

.07

What is the average number of complaints received per week? Round your answer to two places after the decimal.

Answer

5 points

Question 29

An investor is considering 4 different opportunities, A, B, C, or D. The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below.

Economic Condition Poor Average Good Excellent Investment (S1) (S2) (S3) (S4) A 50 75 20 30 B 80 15 40 50 C -100 300 -50 10 D 25 25 25 25

If the probabilities of each economic condition are 0.5, 0.1, 0.35, and 0.05 respectively, what is the highest expected payoff?

Answer

5 points

Question 30

The local operations manager for the IRS must decide whether to hire 1, 2, or 3 temporary workers. He estimates that net revenues will vary with how well taxpayers comply with the new tax code.

If he is conservative, how many new workers will he hire?

Answer

5 points

Question 31

Given the following random number ranges and the following random number sequence: 62, 13, 25, 40, 86, 93, determine the average demand for the following distribution of demand.

Demand

Random

Number Ranges

5

00-14

6

15-44

7

45-69

8

70-84

9

85-99

Answer

5 points

Question 32

Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:

Compute a 3-period moving average for period 4. Use two places after the decimal.

Answer

5 points

Question 33

The following data summarizes the historical demand for a product

Month

Actual Demand

March

20

April

25

May

40

June

35

July

30

August

45

If the forecasted demand for June, July and August is 32, 38 and 42, respectively, what is MAPD? Write your answer in decimal form and not in percentages. For example, 15% should be written as 0.15. Use three significant digits after the decimal.

Answer

5 points

Question 34

Consider the following annual sales data for 2001-2008.

Year

Sales

2001

2

2002

4

2003

10

2004

8

2005

14

2006

18

2007

17

2008

20

Calculate the correlation coefficient . Use four significant digits after the decimal.

Answer

5 points

Question 35

This is the data from the last 4 weeks:

Use the equation of the regression line to forecast the increased sales for when the number of ads is 10.

Answer

5 points

Question 36

The following sales data are available for 2003-2008.

Determine a 4-year weighted moving average forecast for 2009, where weights are W1 = 0.1, W2 = 0.2, W3 = 0.2 and W4 = 0.5.

Answer

5 points

Question 37

The following sales data are available for 2003-2008 :

Year

Sales

Forecast

2003

7

9

2004

12

10

2005

14

15

2006

20

22

2007

16

18

2008

25

21

Calculate the absolute value of the average error. Use three significant digits after the decimal.

Answer

5 points

Question 38

Given the following data, compute the MAD for the forecast.

Year Demand Forecast

2001

16

18

2002

20

19

2003

18

24

Answer

5 points

Question 39

Robert wants to know if there is a relation between money spent on gambling and winnings.

What is the coefficient of determination? Use two significant places after the decimal.

Answer

5 points

Question 40

Daily highs in Sacramento for the past week (from least to most recent) were: 95, 102, 101, 96, 95, 90 and 92. Develop a forecast for today using a weighted moving average, with weights of .6, .3 and .1, where the highest weights are applied to the most recent data.

Alright...I have updated the file in that download link. Kindly download from above download link (same previous one) and see the answer for question 35

That solves all your questions I hope this helped. - Kindly Click the green "ACCEPT" button on this answer, so that i get paid by the website, for answering you.

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