Solve the quation: Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Because the project has had several problems, such as key team members leaving the company, users being uncooperative, and team members not providing good status information. Tony has decided to be more proactive in managing risks. He also wants to address positive risks as well as negative risks. The quation is: Plot the six risks on a probability/impact matrix. Also assign a numeric value for the probability and impact of each risk on

Solve the quation: Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Because the project has had several problems, such as key team members leaving the company, users being uncooperative, and team members not providing good status information. Tony has decided to be more proactive in managing risks. He also wants to address positive risks as well as negative risks. The quation is: Plot the six risks on a probability/impact matrix. Also assign a numeric value for the probability and impact of each risk on

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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Meghan is a psychology major who is testing a maze for a group of mice to navigate. In order for it to be productive for a class project, she would like the average time for a mouse to complete the maze to be 90 seconds. She randomly selects 28 mice and has each mouse complete the maze. Meghan records the time, in seconds, that each mouse needed to complete the maze. The results are provided in the accompanying data table. Based on research and previous results, Meghan assumes that the population is normally distributed and the population standard deviation is 5.80 seconds. Use Excel to test whether the mean amount of time a mouse completes the maze is 90 seconds, and then draw a conclusion in the context of the problem, where α=0.10. Time (seconds) 85.71 93.16 87.00 89.71 94.26 92.05 86.16 82.16 94.76 HelpCopy to ClipboardDownload CSV Select the correct answer below:…
This is a practice exam. I would like to know how to slove usign excel or megastat Wenton Powersports produces dune buggies. They have three assembly lines, “Razor,” “Blazer,” and “Tracer,” named after the particular dune buggy models produced on those lines. Each assembly line was originally designed using the same target production rate. However, over the years, various changes have been made to the lines. Accordingly, management wishes to determine whether the assembly lines are still operating at the same average hourly production rate. Production data (in dune buggies/hour) for the last eight hours are as follows. (You may find it useful to reference the F table.) Razor Blazer Tracer 11 10 9 10 8 9 8 11 10 10 9 9 9 11 8 9 10 7 12 11 8 12 8 9 Click here for the Excel Data File a. Specify the competing hypotheses to…
For his classes, Professor Wright gives three types of quizzes, objective, recall, and recall-plus. To keep his students on their toes, he has decided to give at least 20 quizzes next quarter. The three types, objective, recall, and recall-plus quizzes, require the students to spend, respectively, 10 minutes, 30 minutes, and 60 minutes for preparation, and Professor Wright would like them to spend at least 12 hours(720 minutes) preparing for these quizzes above and beyond the normal study time. An average score on an objective quiz is 5, on a recall type 6, and on a recall-plus 7, and Dr. Wright would like the students to score at least 130 points on all quizzes. It takes the professor one minute to grade an objective quiz, 2 minutes to grade a recall type quiz, and 3 minutes to grade a recall-plus quiz. How many of each type should he give in order to minimize his grading time?
Epsilon Airlines services predominately the eastern and southeastern United States. A vast majority of Epsilon's customers make reservations through Epsilon's website, but a small percentage of customers make reservations via phone. Epsilon employs call-center personnel to handle these reservations along with any problems with the website reservation system and for the rebooking of flights for customers if their plans change or their travel is disrupted. Staffing the call center appropriately is a challenge for Epsilon's management team. Having too many employees on hand is a waste of money, but having too few results in very poor customer service and the potential loss of customers. Epsilon analysts have estimated the minimum number of call-center employees needed by day of week for the upcoming vacation season (June, July, and the first two weeks of August). These estimates are given in the following table. Day Minimum Number ofEmployees Needed Monday 80 Tuesday 60 Wednesday…
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In her last semester at SPC, Polly Hedron needs to take Statistics, Composition 2, and Ethics. Because Polly is registering early, she has 14 choices for her section of Statistics, 14 choices for her section of Composition, and 13 choices for her section of Ethics. From how many possible schedules can Polly choose? (You may presume that none of these sections interfere with each other)
The past records of a supermarket show that its customers spend an average of $110 per visit at this store. Recently the management of the store initiated a promotional campaign according to which each customer receives points based on the total money spent at the store, and these points can be used to buy products at the store. The management expects that as a result of this campaign, the customers should be encouraged to spend more money at the store. To check whether this is true, the manager of the store took a sample of 14 customers who visited the store. The following data give the money (in dollars) spent by these customers at this supermarket during their visits. 106.13 107.43 124.68 124.88 101.17 72.75 85.45 86.05 100.4 98.84 101.63 95.56 89.40 119.52 Assume that the money spent by all customers at this supermarket has a normal distribution. Using a 2.5% significance level, can you conclude that the mean amount of money spent by all customers at this supermarket after the…
The Conch Café, located in Gulf Shores, Alabama, features casual lunches with a great view of the Gulf of Mexico. To accommodate the increase in business during the summer vacation season, Fuzzy Conch, the owner, hires a large number of servers as seasonal help. When he interviews a prospective server, he would like to provide data on the amount a server can earn in tips. He believes that the amount of the bill and the number of diners are both related to the amount of the tip. He gathered the following sample information. Customer Amount of Tip Amount of Bill Number of Diners Customer Amount of Tip Amount of Bill Number of Diners 1 $ 7.00 $ 48.97 5 16 $ 3.30 $ 23.59 2 2 4.50 28.23 4 17 3.50 22.30 2 3 1.00 10.65 1 18 3.25 32.00 2 4 2.40 19.82 3 19 5.40 50.02 4 5 5.00 28.62 3 20 2.25 17.60 3 6 4.25 24.83 2 21 5.50 44.47 4 7 0.50 6.24 1 22 3.00 20.27 2…
An automobile company produces cars in Los Angeles and Detroit and has a warehouse in Atlanta.The company supplies cars to customers in Houston and Tampa. The costs of shipping a car betweenvarious points are listed in the table below, where a blank means that a shipment is not allowed. LosAngeles can produce up to 1100 cars, and Detroit can produce up to 2900 cars. Houston must receive2400 cars, and Tampa must receive 1500 cars. (Include your formulations to receive credit. Thinkcarefully about the transhipment locations.) (a) Determine how to minimize the cost of meeting demands in Houston and Tampa. (b) Modify the answer to part (a) if shipments between Los Angeles and Detroit are not allowed. (c) Modify the answer to part (a) if shipments between Houston and Tampa are allowed at a cost of$5 per car.
The new business venture, Best-In-World, has been manufacturing technology devices for over 20 years and is considering adding a new technology device to its music line. They have an established reputation for building quality devices, but they are rather novice in the music industry. The Chief Innovation and Design Officer, Julie Naugle-Hall, is tasked with hiring a marketing firm to conduct a survey to determine the feasibility and demand for their new music device. The follow decision table illustrates the potential payoffs for a high demand, moderate demand and low demand for the new music device. The decision will be whether to start production on this new device in small scale, large scale or not at all, Alternatives Answer Small-scale production Large-scale production No production Probabilities Step 1 of 3: Calculate the EMV for each alternative. Decision Table High Demand 900,000 1,500,000 0 0.25 EMV (small-scale) = = S EMV (large-scale) = = $ EMV (no production) = S State of…