25. Consider the following list of retail items sold in a small neighborhood gift shop.Average Profitper ItemItemGreeting cardsT-shirtsMen's jewelryNovelty giftsChildren's clothesChocolate cookiesEarringsOther costume jewelryAnnual Volume3,8701,5508752,0505757,0001,2851,900$ 0.401.254.5012.256.850.103.5015.00a. Rank the item categories in decreasing order of the annual profit. Classify eachin one of the categories as A, B, or C.b. For what reason might the store proprietor choose to sell the chocolate cookieseven though they might be her least profitable item?

ItemAnnual volume Average Profit per itemGreeting card 38700.40T shirts 15501.25Mens jewellery…

Answered: 25. Consider the following list of…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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3. The Save More Rental Car Agency at the Cincinnati airport would like to examine records from last summer in order to plan for the coming summer demand. The data for last year's demand, broken down by type of vehicle requested, is shown in the table below. Vehicle Type Sub-compact Compact Full-size Frequency 545 892 740 360 280 168 2985 * Total is not equal to 1.000 due to rounding error. Relative Frequency 0.183 0.299 0.248 Luxury SUV Van Total 0.121 0.094 0.056 1.001* a) Construct a frequency and relative frequency bar chart for the data. b) Construct a pie chart to display the information. c) This summer's demand is expected to be 20% higher than demand for last summer. Approximately how many luxury cars are expected to be rented this summer?
I only need help with C and D. Thank you!
5. The graph below shows the LFPR for 25-54 year old men over several decades. Percent 100 May-16 98 96 94 92 90 88 86 1948 1954 1960 1966 1972 1978 1984 1990 1996 2002 2008 2014 Source: Bureau of Labor Statistics, Current Population Survey; CEA calculations. (Source: Voxeu.org) It shows that the fraction of these "prime working age men" who are NOT in the labor forced has a. doubled b. tripled c. quadrupled d. not changed
6. A social worker looks at data in her state regarding the relationship between being in foster care and having a criminal record by the age of 25. "Aging out' refers to when a youth turns 18 years old and is expected to move out of foster care and start their lives on their own. Fictional data fro 1350 youths is shown below. Answer the following questions in the space below, labeling each response a, b, or c. What percentage of youths overall were adopted before aging out, and had a criminal record? What percentage of youths were in foster care until they were aged out? True or False: If foster care status and having a crime record were independent of each other, and 55% overall had no crime record, you would expect 55% of those who aged out in foster care to have no crime record. No crime record Crime record Total Foster care until ‘aged out’ 445 450 895 Adopted before aging out 300 155…

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