QUESTION 6In a burger shop, a sample of 36 days, was taken to study the daily sales, It was found that the mean daily sales are (m) with a standard deviation is (d).The confidence interval for the population mean is computed, the upper confidence limit is 35, and the lower confidence limit is 18Calculate the value of m?(Round answer to two decimal places ex. 2.09)

The upper confidence limit=Mean daily sales+(Z score*(Standard deviation/square root of Sample…

Answered: The confidence interval for the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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88 MULTIPLE CHOICE Question 7 Listen Researchers asked 100 drivers their age and how they listen to music when dri- ving a car. The ages of respondents were categorized into three groups: 16 to 20 years, 21 to 25 years, and 26 to 30 years. The listening methods were radio, CD, or streaming service. The table below shows the data collected. Let event A represent drivers who listen to the radio. What does A represent, and what is P(A)? **HINT** A represents every outcome where A does not occur. Radio CD Streaming Service Total 16 to 20 8 3 15 years old 26 26 21 to 25 13 6 15 34 years old 26 to 30 20 11 9 40 years old 40 Total 41 21 20 10 39 100 A AC: drivers who do not listen to the radio P(A)=- 59 100 B C AC: drivers who listen to the radio P(A)=100 AC: drivers who listen to streaming services P(A)= 39 100
2:56 +973 3686 6592 06/01/2022, 2:44 PM QUESTION 14 The holder of Cypres Recordings studied the relationship among sales (y) and the amount spent on advertising (x). A random sample of 38 recordings gives the following information The intercept = 18.47 and the slope0 98 The estimated sales for 18 amount of advertisement is equal to? (Round answer to three decimal places ex. 2.091)
QUESTION 6 A Taguchi loss determination: A component has a target dimension value of 50 mm. It is considered a complete loss of $23 if the deviation exceeds +/- 1.5 mm. Determine the loss if a component measures 20.2 mm. Round your answer to the nearest penny, if applicable. QUESTION 7 A business process has the following parameters: Process mean: 90 Upper Specification Limit 100 Lower Specification Limit 80 Process Standard Deviation: 3.25 Determine the process Capability Ratio Round your answer to 3 decimal places, if applicable.
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Question 6 Which of the following would be considered to have the greatest "lag"? Group of answer choices 5-day Simple Moving Average 10-day Simple Moving Average 50-day Simple Moving Average 25-day Simple Moving Average
Which of the following is NOT generally an area of measure in a balanced scorecard? Question 23 options: 1) Vendor 2) Customer 3) Financial 4) Learning and growth
QUESTION 8 A stock analyst wants to determine whether there is a difference in the mean rate of return for 5 types of stock. The analyst selected a sample of 132 and conducted an ANOVA test that shown as follows. Variation SS df F MS 7 Between 237 7 (Treatment) 7 7 ? Within (Error) Total 1027 The between (Treatment) mean square is equal to? (Round answer to three decimal places ex. 2.091)
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The confidence interval for the population mean is computed, the upper confidence limit is 35, and the lower confidence limit is 18 Calculate the value of m? (Round answer to two decimal places ex. 2.09)