QUESTION 12 David decides to treat his group members to pizza for lunch. He forecasts the consumption pattern of his group members shown in the table below. Total Slices of Pizza Probability of Consumption 80 0.2 100 0.3 120 0.2 140 0.2 160 0.1 (a) Each slice of pizza costs $2. If he runs out of pizza, he has to deal with tired and hungry group members. The associated penalty cost of under ordering is estimated to be $5 per slice short. Leftover slices of pizza are sold to workers from other groups for $0.2 per slice. How many slices should David order? (b) Given the optimal order quantity computed in (a), what is the probability for David to find himself not ordering enough? (C) If David targets at a service level of 95%, what many slices should he order?

QUESTION 12 David decides to treat his group members to pizza for lunch. He forecasts the consumption pattern of his group members shown in the table below. Total Slices of Pizza Probability of Consumption 80 0.2 100 0.3 120 0.2 140 0.2 160 0.1 (a) Each slice of pizza costs $2. If he runs out of pizza, he has to deal with tired and hungry group members. The associated penalty cost of under ordering is estimated to be $5 per slice short. Leftover slices of pizza are sold to workers from other groups for $0.2 per slice. How many slices should David order? (b) Given the optimal order quantity computed in (a), what is the probability for David to find himself not ordering enough? (C) If David targets at a service level of 95%, what many slices should he order?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Let's say the program reduces the risk of 30-day readmission. If 5% of the patients who received early mobility were re - admitted and 10% of the patients who did not receive it were re - admitted, we can infer: Patients who received early mobility were times as likely to be re- admitted compared to those who did not. a. 1.50 b. 0.50 c. 10.00 d . 2.00
The following is based on information from The Wolf in the Southwest: The Making of an Endangered Species, by David E. Brown (University of Arizona Press). Before 1918, the proportion of female wolves in the general population of all southwestern wolves was about 50%. However, after 1918, southwestern cattle ranchers began a widespread effort to destroy wolves. In a recent sample of 37 wolves, there were only 11 females. One theory is that male wolves tend to return sooner than females to their old territories, where their predecessors were exterminated. Do these data indicate that the population proportion of female wolves is now less than 50% in the region? Use α = 0.01. (a) What is the level of significance? State the null and alternate hypotheses. O Ho: P 0.5 O Ho: P = 0.5; H₁: p 5 and nq > 5. O The Student's t, since np > 5 and ng > 5. The standard normal, since np < 5 and nq < 5. O The Student's t, since np < 5 and nq < 5. What is the value of the sample test statistic? (Round…
A. Headache Pain : There are many over-the-counter pain relievers. By the end of the semester, you have a tremendous headache and are looking for the most effective pain relief available. You conduct a study comparing the three most popular pain relievers and a placebo to see which work best. You use only subjects with headaches and record the amount of time (in minutes) it takes for their headache to go away after they receive the medication. You randomly assign 60 participants to one of the four conditions using a double- blind procedure. (Use a = .05) Drug A Drug C 10 Placebo Drug B 10 70 30 30 60 40 20 50 40 10 10 60 30 10 10 40 40 30 30 30 30 30 10 40 20 20 20 60 40 20 30 50 30 30 10 30 30 20 20 60 20 10 10 20 40 30 20 50 20 20 10 40 20 30 30 IV (or predictor) variable DV (or criterion) variable What type of analysis should you conduct to determine which method relieves headache pain most swiftly?
A psychologist would like to examine the effects of a new drug on the activity level of animals. Three samples of rats are selected with n=5 in each sample. One group gets no drug, one group gets s small dose, and the third group gets a large dose. The psychologist records the activity level for each animal. The data from this experiment are presented below. No drug Small dose Large dose 5, 3 , 1 , 1 , 5 5, 5, 9, 6, 5 10, 12, 9, 6, 8 =3, SS=16 =6, SS=12 =9, SS=20 Do these data indicate any significant differences among the three groups? Test with α=0.05. Compute the effect size and interpret the result.
Use the following scenario to answer the next 6 questions: M&Ms are your favorite vending machine snack and you purchase them often. Lately, it seems like the bags have been having a disproportionate distribution of the colors. The company claims that 24% of the candies per bag should be blue. You decide to test this claim for yourself. You purchase a large bag and find that 38 of the 224 candies are blue. Before complaining to the company, you want to be fairly sure of your accusation, so you set a 1% significance level for your test. Do you have sufficient evidence that the color distribution is different than advertised? Based on the data, the value of the test statistic is:
The price per share of stock for a sample of 25 companies was recorded at the beginning of the first financial quarter and then again at the end of the first financial quarter. How stocks perform during the first financial quarter is an indicator of what is ahead for the stock market and the economy. Company End of 1st quarter Beginning of 1st quarter Bank of New York Mellon 54.19 53.82 Kraft Foods 55.70 77.02 E.I. du Pont de Nemours and Company 102.57 109.00 Consolidated Edison 79.95 83.58 Johnson & Johnson 126.01 139.23 Union Pacific 132.73 135.78 Comcast 32.06 41.07 Applied Materials 50.91 53.04 Pfizer 35.40 36.44 General Electric 14.05 17.98 AT&T 32.54 38.54 Cisco Systems 44.83 38.86 Home Depot 184.63 188.03 JP Morgan Chase 108.78 107.95 Procter & Gamble 71.96 90.65 Verizon 48.82 53.53 Devon Energy 36.20 42.23 Lilly 79.07 84.68 Microsoft 95.00 85.95 Coca Cola 42.59 45.59 Qualcomm 50.82 65.20 Exxon Mobil Corporation 76.95…
A child psychologist believe that controlled physical outbursts of anger (like punching a pillow) may improve the mood of young boys with emotional impairment. He believes that the proportion of boys who benefit from the treatment is greater than the proportion of girls. A random sample from each population receives counseling in the treatment and is asked about their mood after an episode (x is the number of test subjects that reported an improvement in mood). The results of the study are summarized in the table below. Boys n1 = 200 Girls n2 = 210 %3D %3D X1 = 35 X2 = 28 Blank #1: Find the two sample proportions, reporting each as a decimal, rounded to two decimal places. Do the initial (untested) findings show what the researcher expected? Enter your answer as a list of 3 items: P1, P2, yes or no. Do not add any extra spaces and pay attention to rounding. For example, a valid answer may look like .52,.14,yes or .25,.50,no. Untested, you compared them but you could have done that…