The label on the bag of a certain brand of potato chips claims the bag contains 52 grams of chips. In fact, weights of chips per bag are known to follow a normal distribution with standard deviation 1.7 grams. What must be the mean weight of all bags of chips in order for only 12% of bags to have weights below the amount on the label
sets approximates a Normal Distribution ? Which is a Positive Skew? Which is a Negative Skew ? Which data set has the highest Mean, Median and Mode ?…
Which of the following data sets approximates a Normal Distribution? Which is a Positive Skew? Which is a Negative Skew? Which data set has the highest Mean, Median and Mode? A. 2, 4, 4, 5, 5, 5, 5, 6, 6, 8. B. 2, 4, 4, 4, 5, 5, 5, 6, 7, 10. C. 1, 2, 3, 4, 5, 7, 7, 7, 8, 8. D. 1, 2, 4, 5, 5, 8, 8, 8, 9, 9. How did you determine your answer?
1) If a project is to be crashed at the minimum possible additional cost, then the first activity to be crashed must be: On the critical path B. the…
1) If a project is to be crashed at the minimum possible additional cost, then the first activity to be crashed must be: A. On the critical path B. the one with the shortest activity time. C. the one with the longest activity time. D. the one with the lowest cost. Can you please tell me which one is the correct answer and why?
PROJECT PLANNING AT OUTEL The Solid State Device (SSD) group at Outel Corporation is charged with the design of a solid state device (the same
It is worth noting that a triangular probability distribution with minimum value A, most likely value B, and maximum value C, has a mean value equal to (A + B + C)/3. What is the best estimate of when the SSD product will be completed? The SSD device has been promised to an important customer in 21 months. What is the likelihood that this deadline will be met? Eight technicians from Team B have been cross trained to allow them to work for Team C. Each technician transferred from Team B to Team C will increase the three parameters of B’s triangular […]
A construction company in Naples, Florida, is struggling to sell condominiums. In order to attract buyers, the company has made numerous price…
A construction company in Naples, Florida, is struggling to sell condominiums. In order to attract buyers, the company has made numerous price reductions and better financing offers. Although condominiums were once listed for $300,000, the company believes that it will be able to get an average sale price of $210,000. Let the price of these condominiums in the next quarter be normally distributed with a standard deviation of $15,000. Use Table 1. a.What is the probability that the condominium will sell at a price (i) below $200,000?, (ii) above $240,000? (Round “z” value to 2 decimal places and final answer to 4 […]
