A chemical manufacturing plant can produce z units of chemical Z given p units of chemical P and r units of chemical R, where: z = 60p75,0.25 Chemical P costs $300 a unit and chemical R costs $2,700 a unit. The company wants to produce as many units of chemical Z as possible with a total budget of $216,000. A) How many units each chemical (P and R) should be "purchased" to maximize production of chemical Z subject to the budgetary constraint? Units of chemical P, p = 697.5 Units of chemical R, r = 22.5 B) What is the maximum number of units of chemical Z under the given budgetary conditions? (Round your answer to the nearest whole unit.) Max production, z- 17735.9738 X units

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.