J.P. Morgan Asset Management publishes information about financial investments. Over the past 10 years, the expected return for the S&P 500 was 5.04% with a standard deviation of 19.45% and the...
In the Low Knock Oil Company blending problem, it was assumed that one barrel of crude would result in one barrel of gasoline as the final product. In processing one barrel of crude, a typical...
Bicycling World, a magazine devoted to cycling, reviews hundreds of bicycles throughout the year. Its Road-Race category contains reviews of bicycles used by riders primarily interested in racing....
STAR Co. provides paper to smaller companies with volumes that are not large enough to warrant dealing directly with the paper mill. STAR receives 100-feet-wide paper rolls from the mill and cuts the...
The widths (in meters) of a kidney-shaped swimming pool were measured at 2-meter intervals as indicated in the figure. Use the Midpoint Rule to estimate the area of the pool. 5.6 5.0 6.8 4.8 4.8 7.2...
The Metalco Company desires to blend a new alloy of 40 percent tin, 35 percent zinc, and 25 percent lead from several available alloys having the following properties: The objective is to determine...
A contractor, Susan Meyer, has to haul gravel to three building sites. She can purchase as much as 18 tons at a gravel pit in the north of the city and 14 tons at one in the south. She needs 10, 5,...
Identify the feasible region for the following set of constraints: 3A - 2B 0 2A - 1B 200 1A 150 A, B 0
a. If 1 adult female is randomly selected, find the probability that her overhead reach is less than 222.7 cm. b. If 49 adult females are randomly selected, find the probability that they have a mean...
A 1992 article in the Journal of the American Medical Association (A Critical Appraisal of 98.6 Degrees F, the Upper Limit of the Normal Body Temperature, and Other Legacies of Carl Reinhold August...
The Future Government Club wants to sponsor a panel discussion on the upcoming national election. The club wants four of its members to lead the panel discussion. Obtain a simple random sample of...
Paula Shoemaker produces a weekly stock market report for an exclusive readership. She normally sells 3,000 reports per week, and 70% of the time her sales range from 2,900 to 3,100. The report costs...
The aquarium at Sea Critters Depot contains 140 fish. Eighty of these fish are green sword- tails (44 female and 36 male) and 60 are orange swordtails (36 female and 24 males.). A fish is randomly...
A fan of Lady Antebellum music plans to make a custom CD with 12 of her 27 songs. How many different combinations of 12 songs are possible? Is it practical to make a different CD for each possible...
Digital Controls, Inc. (DCI) manufactures two models of a radar gun used by police to monitor the speed of automobiles. Model A has an accuracy of plus or minus 1 mile per hour, whereas the smaller...
A citrus farmer has observed the following distribution for the number of oranges per tree. How many oranges does he expect on average? Oranges Probability 0.10 0.40 0.30 0.20 25 30 35 40
In 2008, the total payroll for the New York Yankees was $209.1 million, while the total payroll for the Tampa Bay Rays was about $43.8 million, or about one-fifth that of the Yankees. Many people...
Power +, Inc. produces AA batteries used in remote-controlled toy cars. The mean life of these batteries follows the normal probability distribution with a mean of 35.0 hours and a standard deviation...
In December, 2013, Lender Processing Services* reported that although mortgage defaults had fallen, in New York state, 12.4% of mortgages were still "noncurrent," meaning that payments had been...
Horizon Wireless, a cellular telephone company, is expanding into a new era. Relay towers are necessary to provide wireless telephone coverage to the different areas of the city. A grid is...
Stephens, Atkins, and Kingston (2009) conducted a research study demonstrating that swearing can help reduce pain. In the study, each participant was asked to plunge a hand into icy water and keep it...
The Bitz-Karan Corporation faces a blending decision in developing a new cat food called Yum-Mix. Two basic ingredients have been combined and tested, and the firm has determined that to each can of...
Mt. Sinai Hospital in New Orleans is a large, private, 600-bed facility, complete with laboratories, operating rooms, and x-ray equipment. In seeking to increase revenues, Mt. Sinai's administration...
An accounting firm is trying to decide between IT training conducted in-house and the use of third party consultants. To get some preliminary cost data, each type of training was implemented at two...
Use 5-digit arithmetic with chopping to determine the roots the following equation with Eqs. (3.12) and (3.13) X 2 5000.002 x + 10. Compute percent relative errors for your results.
Management of the New Fangled Softdrink Company believes that the probability of a customer purchasing Red Pop or the companys major competition, Super Cola, is based on the customers most recent...
A young couple, Eve and Steven, want to divide their main household chores (marketing, cooking, dishwashing, and laundering) between them so that each has two tasks but the total time they spend on...
Jerry Smith is thinking about opening a bicycle shop in his hometown. Jerry loves to take his own bike on 50-mile trips with his friends, but he believes that any small business should be started...
Kenneth Brown is the principal owner of Brown Oil, Inc. After quitting his university teaching job, Ken has been able to increase his annual salary by a factor of over 100. At the present time, Ken...
Refer to the data in Solved Problem 14-1, which deals with Higgins Plumbing and Heating. Higgins has now collected 100 weeks of data and finds the following distribution for sales: HOT WATER NUMBER...
Forty families gathered for a fund-raising event. Suppose the find ividual contribution for each family is normally distributed with a mean and a standard deviation of $115 and $35, respectively. The...
In the production of chocolate chip cookies, we can consider each cookie to be the specified interval unit required for a Poisson distribution, and we can consider the variable x to be the number of...
Refer to the Kelson Sporting Equipment problem. Letting R = number of regular gloves C = number of catchers mitts leads to the following formulation: Max 5R + 8C s.t. R + 3/2 C ¤ 900 Cutting...
Regular consumption of presweetened cereals contributes to tooth decay, heart disease, and other degenerative diseases, according to studies conducted by Dr. W. H. Bowen of the National Institute of...
Small boxes of NutraFlakes cereal are labeled "net weight 10 ounces." Each hour, random samples of size boxes are weighed to check process control. Five hours of observations yielded the following:...
A recent article found that Massachusetts residents spent an average of $860.70 on the lottery in 2010, more than three times the U.S. average (www.businessweek.com, March 14, 2012). A researcher at...
The Springfield Kings, a professional basketball team, has won 12 of its last 20 games and is expected to continue winning at the same percentage rate. The team's ticket manager is anxious to attract...
Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should...
Milwaukee's General Hospital has an emergency room that is divided into six departments: (1) The initial exam station, to treat minor problems or make diagnoses; (2) An x-ray department; (3) An...
Expedition Outfitters manufactures a variety of specialty clothing for hiking, skiing, and mountain climbing. They have decided to begin production on two new parkas designed for use in extremely...
The following chart shows the number of patients admitted daily to Memorial Hospital through the emergency room. a. What is the midpoint of the 2 up to 4 class? b. How many days were 2 up to 4...
A town council of 7 members contains a steering committee of size 3. New ideas for legislation go first to the steering committee and then on to the council as a whole if at least 2 of the 3...
Office Equipment, Inc. (OEI), leases automatic mailing machines to business customers in Fort Wayne, Indiana. The company built its success on a reputation of providing timely maintenance and repair...
Sikhism, a religion founded in the 15th century in India, is going through turmoil due to a rapid decline in the number of Sikh youths, who wear turbans (Washington Post, March 29, 2009). The tedious...
Data on U.S. work-related fatalities by cause follow (The World Almanac, 2012). Cause of Fatality Number of Fatalities Transportation incidents ............. 1795 Assaults and violent acts...
A steady-state heat balance for a rod can be represented as d2T/dx2 0.15T = 0 Obtain an analytical solution for a 10-m rod with T(0) = 240 and T(10) = 150.
After consulting with Butch Radner, George Monohan was able to determine the activity times for constructing the weed-harvesting machine to be used on narrow rivers. George would like to determine...
Refer to the sensitivity report for Problem 14 in Figure 8.19. a. Interpret the ranges of optimality for the objective function coefficients. b. Suppose that the manufacturing cost increases to...
J. D. Williams, Inc., is an investment advisory firm that manages more than $120 million in funds for its numerous clients. The company uses an asset allocation model that recommends the portion of...
Cars arrive at Carla's Muffler shop for repair work at an average of 3 per hour, following an exponential distribution. (a) What is the expected time between arrivals? (b) What is the variance of the...
A study finds that during blizzards, online sales are highly associated with the number of snow plows on the road; the more plows, the more online purchases. The director of an association of online...
Filtron Corporation produces filtration containers used in water treatment systems. Although business has been growing, the demand each month varies considerably. As a result, the company utilizes a...
Perform the same computation as in Example 9.11, but use five parachutists with the following characteristics: The parachutists have a velocity of 9m/s. seemeen Parachutist Mass, kg Drag Coefficient,...
Southwestern University (SWU), a large state college in Stephenville, Texas, 30 miles southwest of the Dallas/Fort Worth metroplex, enrolls close to 20,000 students. The school is the dominant force...
According to the companys website, the top 25% of the candidates who take the entrance test will be called for an interview. You have just been called for an interview. The reported mean and standard...
The Onenote Co. produces a single product at three plants for four customers. The three plants will produce 60, 80, and 40 units, respectively, during the next time period. The firm has made a...
The Burroughs Garment Company manufactures men's shirts and women's blouses for Walmark Discount Stores. Walmark will accept all the production supplied by Burroughs. The production process includes...
Circuit Systems, Inc., located in northern California, is a company that produces integrated circuit boards for the microcomputer industry. In addition to salaried management and office staff...
In Hawaii shark attacks are very rare. Furthermore, about 55% of all shark attacks are serious, but not fatal (Reference: Sharks of Hawaii, Dr. Leighton Taylor, University of Hawaii Press). You are...
A restaurant chef prepares a tossed salad containing, on average, 5 vegetables. Find the probability that the salad contains more than 5 vegetables (a) On a given day; (b) On 3 of the next 4 days;...
Ten parts are measured three times by the same operator in a gauge capability study. The data are shown in Table 8E.9 (a) Describe the measurement error that results from the use of this gauge. (b)...
It is known that the percentage of wins for the Chicago Bulls basketball team going into the playoffs for the 1996-97 season was 87.7. Round the 87.7 to 90 in order to use Table A.1 (a) What is the...
From the data 1,4, 5, 3, 2, 5, 7, 3, 4, and 5, Poindexter created the following frequency table. What five things did he do wrong? f- 013589 f- 11223|-| 123457
An article in the IEEE Transactions on Instrumentation and Measurement (Direct, Fast, and Accurate Measurement of VT and K of MOS Transistor Using VT-Sift Circuit, Vol. 40, 1991, pp. 951955)...
A publisher has discovered that the number of words contained in new manuscripts is normally distributed, with a mean equal to 20,000 words in excess of that specified in the author's contract and a...
For the decision problem in Figure 6.1, use data tables to perform the following sensitivity analyses. The goal in each is to see whether decision 1 continues to have the largest EMV. In each part,...
Mark Martinko has been a class A racquetball player for the past five years, and one of his biggest goals is to own and operate a racquetball facility. Unfortunately, Mark's thinks that the chance of...
A company faces the following demands during the next three weeks: week 1, 2000 units; week 2, 1000 units; week 3, 1500 units. The unit production costs during each week are as follows: week 1, $130;...
The lifetime of plasma and LCD TV sets follows an exponential distribution with a mean of 100,000 hours. Compute the probability a television set: a. Fails in less than 10,000 hours. b. Lasts more...
Dante Development Corporation is considering bidding on a contract for a new office building complex. Figure shows the decision tree prepared by one of Dantes analysts. At node 1, the company must...
A random sample of 500 adult residents of Maricopa County found that 385 were in favor of increasing the highway speed limit to 75 mph, while another sample of 400 adult residents of Pima County...
Jessica Williams, manager of Kitchen Appliances for the Midtown Department Store, feels that her inventory levels of stoves have been running higher than necessary. Before revising the inventory...
Studies show that massage therapy has a variety of health benefits and it is not too expensive (The Wall Street Journal, March 13, 2012). A sample of 10 typical one-hour massage therapy sessions...
Industrial Designs has been awarded a contract to design a label for a new wine produced by Lake View Winery. The company estimates that 150 hours will be required to complete the project. The firms...
A machine is used to fill cans with motor oil additive. A single sample can is obtained. Since the filling process is automated, it has very stable variability, and long experience indicates that...
Wild West produces two types of cowboy hats. A Type 1 hat requires twice as much labor time as a Type 2. If all the available labor time is dedicated to Type 2 alone, the company can produce a total...
Graph the following LP problem and indicate the optimal solution point: Maximize profit = $3X + $2Y Subject to 2X + Y 150 2X + 3Y 300 (a) Does the optimal solution change if the profit per unit of...
Daily samples of 100 power drills are removed from Drill Master's assembly line and inspected for defects. Over the past 21 days, the following information has been gathered. Develop a 3 standard...
A goal of financial literacy for children is to learn how to manage money wisely. One question is: How much money do children have to manage? A recent study by Schnur Educational Research Associates...
A student at Joliet Junior College conducted a survey of 20 randomly selected full-time students to determine the relation between the number of hours of video game playing each week, x, and...
An environmental engineer is interested in estimating the mixing that occurs between a stratified lake and an adjacent embayment (Figure). A conservative tracer is instantaneously mixed with the bay...
According to Cerulli Associates of Boston, 30% of all CPA financial advisors have an average client size between $500,000 and $1 million. Thirty-four percent have an average client size between $1...
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7200 copies. The cost of one copy of the book is $14.50....
West Virginia has one of the highest divorce rates in the nation with an annual rate of approximately 5 divorces per 1000 people (Centers for Disease Control and Prevention website, January 12,...
A phlebotomist draws the blood of a random sample of 50 patients and determines their blood types as shown: (a) Construct a frequency distribution. (b) Construct a relative frequency distribution....
Social networking is becoming more and more popular around the world. Pew Research Center used a survey of adults in several countries to determine the percentage of adults who use social networking...
Outdoor Inn, a camping equipment manufacturer in southern Utah, is developing a production schedule for a popular type of tent, the Double Inn. Orders have been received for 180 of these to be...
The Research and Development Division of the Progressive Company has been developing four possible new product lines. Management must now make a decision as to which of these four products actually...
Thirteen internists in the Midwest are randomly selected, and each internist is asked to report last year's income. The incomes obtained (in thousands of dollars) are 152, 144, 162, 154, 146, 241,...
The Bender Construction Co. is involved in constructing municipal buildings and other structures that are used primarily by city and state municipalities. This requires developing legal documents,...
Which companies spend the most money on advertising? Business insider maintains a list of the top-spending companies. in 2014, Procter & gamble spent more than any other company, a whopping $5...
The results of a search to find the least expensive round-trip flights to Atlanta and Salt Lake City from 14 major U.S. cities are shown in the following table. The departure date was June 20, 2012,...
The MBA program at Westmore University has undergone several dramatic changes over the past five years. During this time, the goal of the business school was to recruit as many students as possible...
The number of pounds of steam used per month by a chemical plant is thought to be related to the average ambient temperature (inoF) for that month. The past years usage and temperature are shown in...
Ozark University admission office is processing freshman applications for the upcoming academic year. The applications fall into three categories: in-stale, out-of-state, and international. The...
General Hospitals patient account division has compiled data on the age of accounts receivable. The data collected indicate that the age of the accounts follows a normal distribution with = 28 days...
Triangle Utilities provides electricity for three cities. The company has four electric generators that are used to provide electricity. The main generator operates 24 hours per day, with an...
The B&S Novelty and Craft Shop in Bennington, Vermont, sells a variety of quality handmade items to tourists. B&S will sell 300 hand-carved miniature replicas of a Colonial soldier each year, but the...
A roast turkey is taken from an oven when its temperature has reached 185°F and is placed on a table in a room where the temperature is 75°F. The graph shows how the temperature of the turkey...
An increase in the size of the barge unloading crew at the Port of New Orleans (see Section 14.5) has resulted in a new probability distribution for daily unloading rates. In particular, Table 14.10...