Find selling price that will result in weekly revenues
When the popular brand of CD player is priced at $325 per unit, the store sells 15 units per week. Every time price is decreased by $10, though, sales increase by 2 per week. Find selling price that will result in weekly revenues of $7595?
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A bank manager wanted to determine the mean number of transactions businesses make per month. For a sample of 55 businesses, he found that mean number of transaction per month to be 32 and the standard deviation to be 7.5 transactions.
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Determine a 98% confidence interval for true proportion of defective product. Show your computations and/or explain the process employed to obtain the interval.
Every time price is decreased by $10, though, sales increase by 2 per week. Find selling price that will result in weekly revenues of $7595?
The ages of ten students are listed in years:{ 17,22,19,24,21,23,29,18,22,28 } Compute the mean, median, mode, sample variance, and range.
After Chernobyl disaster, it was predicted that region would not be safe for human habitation for 100 years. Evaluate percent of original strontium-90 remaining at this time.
A researcher is interested in studying people's mean age in certain region. If the population standard deviation is known to be eight years and 1.5 year of error margin is allowed, Determine the minimum simple size researcher needs to employ, know
A research shows that employee salaries at the company XYX, in thousands of dollars, are given by equation y-hat= 48.5 + 2.2 a + 1.5 b where ‘a' is years of experience, and ‘b' is the education level in years. In thousands of dollars,
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