I posted this hours ago & no one has helped me. I need discussion 1 & discussion 2 please. Not in steps Just Discussion 1: answer Discussion 2:answer written out is fine. Problem #4 - The mean number of air conditioning units assembled per month by Freeze, Inc. is 750 and the standarddeviation is 100 units.If the number of air conditioning units assembled per month follows a normal distribution, calculate thea.probability of Freeze, Inc. to assemble a quantity of air conditioning units greater than the monthly break-even pointcalculated in problem 3-a.b.An improved assembling process is proposed to Freeze, Inc. to reduce the variable cost from $500 perunit to $400 per unit., increase the mean number of air conditioning units assembled per month from 750 to 850 andreduce the standard deviation to 90 units. As a result of the improvements, monthly fixed costs would go up from$250,000 to $300,000. Once these improvements are implemented, calculate the new number of air conditioningunits that Freeze Inc. must sell every month to break-even, discuss and justify if you would recommend the processimprovement initiative.с.If the number of air conditioning units assembled per month still follows a normal distribution after theimplementation of the improvements described on item (b), calculate the probability of Freeze, Inc. to assemble aquantity of air conditioning units greater than the new monthly break-even point. Now that you know this probability,would you change your recommendation? Justify.Discussion Question #1- Using your "own words", discuss the differences among decision making undercertainty, decision making under risk, and decision making under uncertainty. Provide an example for each one of them.Discussion Question #2- Using your "own words", discuss how the coefficient of determination and thecoefficient of correlation are related and how would you use them in regression analysis.

Given information: The differences among decisions making under certainty, decision making under…

Discussion Question #1 - Using your "own words", discuss the differences among decision making under certainty, decision making under risk, and decision making under uncertainty. Provide an example for each one of them. Discussion Question #2 - Using your "own words", discuss how the coefficient of determination and the coefficient of correlation are related and how would you use them in regression analysis.

Discussion Question #1 - Using your "own words", discuss the differences among decision making under certainty, decision making under risk, and decision making under uncertainty. Provide an example for each one of them. Discussion Question #2 - Using your "own words", discuss how the coefficient of determination and the coefficient of correlation are related and how would you use them in regression analysis.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

I posted this hours ago & no one has helped me. I need discussion 1 & discussion 2 please. Not in steps Just Discussion 1: answer Discussion 2:answer written out is fine.

Problem #4 - The mean number of air conditioning units assembled per month by Freeze, Inc. is 750 and the standard
deviation is 100 units.
If the number of air conditioning units assembled per month follows a normal distribution, calculate the
a.
probability of Freeze, Inc. to assemble a quantity of air conditioning units greater than the monthly break-even point
calculated in problem 3-a.
b.
An improved assembling process is proposed to Freeze, Inc. to reduce the variable cost from $500 per
unit to $400 per unit., increase the mean number of air conditioning units assembled per month from 750 to 850 and
reduce the standard deviation to 90 units. As a result of the improvements, monthly fixed costs would go up from
$250,000 to $300,000. Once these improvements are implemented, calculate the new number of air conditioning
units that Freeze Inc. must sell every month to break-even, discuss and justify if you would recommend the process
improvement initiative.
с.
If the number of air conditioning units assembled per month still follows a normal distribution after the
implementation of the improvements described on item (b), calculate the probability of Freeze, Inc. to assemble a
quantity of air conditioning units greater than the new monthly break-even point. Now that you know this probability,
would you change your recommendation? Justify.
Discussion Question #1
- Using your "own words", discuss the differences among decision making under
certainty, decision making under risk, and decision making under uncertainty. Provide an example for each one of them.
Discussion Question #2
- Using your "own words", discuss how the coefficient of determination and the
coefficient of correlation are related and how would you use them in regression analysis.

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