A company manufactures shoes in three different factories. Factory Omaha Produces 25% of the company's shoes, Factory Chicago produces 60%, and factory Seattle produces 15%. One percent of the shoes produced in Omaha are mislabeled, 0.5 % of the Chicago shoes are mislabeled, and 2% of the Seattle shoes are mislabeled. If you purchase one pair of shoes manufactured by this company and you determine they are mislabeled what is the probability they were made in Omaha?
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- The compressors used in refrigerators are manufactured by XYZ Co. at three factories at New York , and California, It is known that the New York factory produces twice as many compressors as the California one, Which produces the same number as the California one (during the same period). Experience also shows That 0.2% of the compressors produced at New York and California are defective and so are 0.4% of these Produced at California. A quality control engineer while maintaining a refrigerator finds a defective compressor. What is the probability that the New York factory is not to be blamed.Certain app allows you to order from different types of cuisine. According with the app's records 23% of the orders are to an American food restaurant, 38% to an Asian food restaurant, 17% to a Mexican food restaurant, 6% to a Dessert place, and the rest are to other types of restaurants. Assume that incoming orders are independent of each other.. In 2010, of a total of 67,000 rooms on the Las Vegas Strip, Caesars Entertainment managed 22,880, while MGM Resorts managed over 12,000. However, owing to the Great Recession and new hotel openings, between 2008 and 2010, MGM's hotel occupancy decreased from 92% to 89%, while its average daily room rate fell from $148 to $108. Meanwhile, CityCenter, managed by MGM Resorts, and the Cosmopolitan opened with 4,000 and 3,000 rooms respectively, and the 1,720-room Sahara closed. (Sources: Caesars Entertainment Corp., Annual Report 2010; MGM Resorts, Annual Report 2010; "Sahara's closure on May 16 will mark `the end of an era'," Las Vegas Sun, March 11, 2011.) (a) Using a suitable figure, explain how the opening of CityCenter and the Cosmopolitan affects the residual demand for an existing hotel and how it should adjust prices. (b) If MGM Resorts had not reduced its room rates, what would have been the effect on occupancy? (c) Use the Cournot model to explain…
- Ed's Tires and Brakes has two locations, one on the northwest side of town and one on the southeast side of town. At both locations are performed routine tire repairs and rotations, as well as expensive brake repairs. This past week, 40% of the cars serviced at Ed's were serviced at the northwest location, while 60% of the cars were serviced at the southeast location. (No car was serviced at both locations.) Brake repairs were more typical at the northwest location than at the southeast location: 50% of the cars at the northwest location required brake repairs, while 25% of the cars at the southeast location required brake repairs. Let N denote the event that a randomly chasen car (taken to Ed's in the past week) was serviced at the northwest location and N denote the event that a randomly chosen car was serviced at the southeast location. Let B denote the event that a randomly chosen car required brake repairs and B denote the event that a randomly chosen car did not require brake…A dairy farmer thinks that the average weight gain of his cows depends on two factors: the type of grain that they are fed and the type of grass that they are fed. The dairy farmer has four different types of grain from which to choose and three different types of grass from which to choose. He would like to determine if there is a particular combination of grain and grass that would lead to the greatest weight gain on average for his cows. He randomly selects three one-year-old cows and assigns them to each of the possible combinations of grain and grass. After one year he records the weight gain for each cow (in pounds) with the following results. Is there sufficient evidence to conclude that there is a significant difference in the average weight gains among the cows for the different types of grain? Cow Weight Gain (Pounds) Grass A Grass B Grass B Grain A 359359 327327 232232 277277 250250 163163 191191 304304 216216 Grain B 331331 348348 176176 318318 205205…A large industrial firm uses 3 local motels to provide overnight accommodations for its clients. From past experience it is known that 20% of the clients are assigned rooms at the Ramada Inn, 50% at the Sheraton, and 30% at the Lakeview Motor Lodge. If the plumbing is faulty in 25% of the rooms at the Ramada Inn, in 35% of the rooms at the Sheraton, and in 40% of the rooms at the Lakeview Motor lodge, what is the probability that (a) a client will be assigned a room with faulty plumbing? (b) a person with a room having faulty plumbing was assigned accommodations at the Lakeview Motor Lodge? (c) a person with a room having no faulty plumbing was assigned accommodations at the Lakeview Motor Lodge?
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