University of Florida football programs are printed 1 week prior to each home game. Attendance averages 90,000 screaming and loyal Gators fans, of whom two-thirds usually buythe program, following a normal distribution, for $5 each. Unsold programs are sent to a recycling center that pays only 10 cents per program. The standard deviation is 5,000programs, and the cost to print each program is $1. Refer to the standard normal table for z-values.a) What is the cost of underestimating demand for each program?C₂ = $4 (round your response to two decimal places).b) What is the overage cost per program?Co = $(round your response to two decimal places).

The provided information is as follows:The selling price for each program is .The cost of each…

Answered: University of Florida football programs…

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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Assume the selling prices of homes in a particular community follow a normal distribution with a mean of $263,100 and a standard deviation of $43,200. Complete parts a through c. a. Determine the range of selling prices in this community that includes one standard deviation around the mean. The range is from $ to $ (Type integers or decimals. Use ascending order.) b. Determine the range of selling prices in this community that includes two standard deviations around the mean. The range is from $ to $ (Type integers or decimals. Use ascending order.) c. Determine the range of selling prices in this community that includes three standard deviations around the mean. The range is from $ to $1. (Type integers or decimals. Use ascending order.)
Over the first five years of owning her car, Gina drove about 12,700 miles the first year, 15,478 miles the second year, 12,675 the third year, 11,850 the fourth year, and 13,075 the fifth year. a. Find the mean, median, and mode of this data. b. Explain which measure of central tendency will best predict how many miles Gina will drive in the sixth year. a. mean= 12,700; median= 13,156; no mode; the mean is the best choice because it is representative of the entire data set. b. mean= 13,156; median= 12,700; mode= 3,628; the median is the best choice because it is not skewed by the high outlier. c. mean= 13,156; median= 12,700; no mode; the mean is the best choice because it is representative of the entire data set. d. mean= 13,156; median= 12,700; no mode; the median is the best choice because it is not skewed by the high outlier.
A person in the U.S. eats about 25 pounds of M&M's per year with a standard deviation of 3 pounds. How many M&M's would I have to eat to be in the top 20%?
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for a random sample of 901 people age 15 or older, the mean amount of time spent eating or drinking per day is 1.85 hours with a standard deviation of 0.57 hour. Complete C and D.
It has been reported that 84% of federal government employees use e- mail. If a sample of 235 federal government employees is selected, find the mean, variance, and standard deviation of the number who use e-mail. Round your answers to three decimal places. a. Find mean
A police radar gun is used to measure the speed of cars on a highway. The speeds of cars are normally distributed with a mean of 60 mph and a standard deviation of 10 mph. roughly what proportion of cars are driving between 60 and 70 mph round to the nearest hundredth.
The life span of Duracell batteries is normally distributed. The mean life span is 10,502 hours an the standard deviation is 415 hours. If 66,500 duracell batteries are manufactured, approximately how many of those batteries last at least 9,850 hours? A 39,900 B. 46,600 C. 59,900 D. 62,600
A successful basketball player has a height of 6 feet 11 inches, or 211 cm. Based on statistics from a data set, his height converts to the z score of 5.17. How many standard deviations is his height above the mean?
A successful basketball player has a height of 6 feet 3 inches, or 191 cm. Based on statistics from a data set, his height converts to the z score of 2.31. How many standard deviations is his height above the mean?
A successful basketball player has a height of 6 feet 4 inches, or 193 cm. Based on statistics from a data set, his height converts to the z score of 2.66. How many standard deviations is his height above the mean?

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