Bundle: Elementary Technical Mathematics, Loose-leaf Version, 12th + WebAssign Printed Access Card, Single-Term
12th Edition
ISBN: 9781337890199
Author: Dale Ewen
Publisher: Cengage Learning
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Textbook Question
Chapter 15.5, Problem 17E
Over an 8day period of time the high temperature of each day was recorded in degrees Fahrenheit as follows: 69, 81, 74, 83, 67, 71, 75, 63. What is the mean measurement?
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To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3,700, and the average first-year commission for each new account opened is
$5,200. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that individual will open a new account.
(a) Determine the equation for computing Gustin's profit per seminar, given values of the relevant parameters.
Profit = (3,700 x 5,200) - New Accounts Opened
Profit = 5,200 - (New Accounts Opened x 3,700)
Profit = (New Accounts Opened x 3,700) - 5,200
Profit = New Accounts Opened - (5,200 × 3,700)
Profit = (New Accounts Opened x 5,200) - 3,700
(b) What type of random variable is the number of new accounts opened? Hint: Review Appendix 12.1 for descriptions of various types of probability distributions.
continuous
integer uniform
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Strassel Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Bud Strassel, the president and owner of Strassel Investors, believes if he purchases and develops this property, it can then be sold for $158,000. The current property owner has asked for bids
and stated that the property will be sold for the highest bid in excess of $100,000. Two competitors will be submitting bids for the property. Strassel does not know what the competitors will bid, but he assumes for planning purposes that the amount bid by each competitor will be uniformly distributed
between $100,000 and $148,000.
(a) What is the estimate of the probability Strassel will be able to obtain the property using a bid of $128,000? (Use at least 5,000 trials. Round your answer three decimal places.)
(b) How much does Strassel need to bid to be assured of obtaining the property?
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$148,000
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Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 34,500 miles. Management also believes that the standard deviation is 4,500 miles and that tire mileage is normally distributed. To promote the new tire, Grear has offered to refund a portion of the purchase price
if the tire fails to reach 30,000 miles before the tire needs to be replaced. Specifically, for tires with a lifetime below 30,000 miles, Grear will refund a customer $1 per 100 miles short of 30,000. Construct a simulation model to answer the following questions. (Use at least 1,000 trials.)
(a) For each tire sold, what is the average cost of the promotion (in $)? (Round your answer to two decimal places.)
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Chapter 15 Solutions
Bundle: Elementary Technical Mathematics, Loose-leaf Version, 12th + WebAssign Printed Access Card, Single-Term
Ch. 15.1 - Find the approximate annual earnings of each of...Ch. 15.1 - Find the approximate annual earnings of each of...Ch. 15.1 - Find the approximate annual earnings of each of...Ch. 15.1 - Find the approximate annual earnings of each of...Ch. 15.1 - Find the approximate annual earnings of each of...Ch. 15.1 - Find the approximate annual earnings of each of...Ch. 15.1 - Find the approximate annual earnings of each of...Ch. 15.1 - Find the approximate annual earnings of each of...Ch. 15.1 - Find the approximate annual earnings of each of...Ch. 15.1 - Find the approximate annual earnings of each of...
Ch. 15.1 - Find the following information from Illustration...Ch. 15.1 - Find the following information from Illustration...Ch. 15.1 - Find the following information from Illustration...Ch. 15.1 - Find the following information from Illustration...Ch. 15.1 - Find the following information from Illustration...Ch. 15.1 - Find the following information from Illustration...Ch. 15.1 - Find the following information from Illustration...Ch. 15.1 - Find the following information from Illustration...Ch. 15.1 - Find the following information from Illustration...Ch. 15.1 - Find the following information from Illustration...Ch. 15.1 - A survey of 100 families was taken to find the...Ch. 15.1 - Illustration 3 shows the average text scores on...Ch. 15.1 - Prob. 23ECh. 15.1 - Prob. 24ECh. 15.1 - Prob. 25ECh. 15.2 - Find 26% of 360.Ch. 15.2 - Find 52% of 360Ch. 15.2 - Prob. 3ECh. 15.2 - Find 37.1% of 360Ch. 15.2 - Prob. 5ECh. 15.2 - Find 47.7% of 360Ch. 15.2 - Of 744 students, 452 are taking mathematics. What...Ch. 15.2 - Of 2017 students, 189 are taking technical...Ch. 15.2 - Prob. 9ECh. 15.2 - Candidate A was one of four candidates in an...Ch. 15.2 - A department spends $16,192 of its $182,100 budget...Ch. 15.2 - In June, the sales of an automobile dealership...Ch. 15.2 - Draw a circle graph for Exercises 1320: United...Ch. 15.2 - United States estimated population by age in 2016:...Ch. 15.2 - The suggested semester credit-hour requirements...Ch. 15.2 - A company interviewed its 473 employees to find...Ch. 15.2 - Total forest by continent in year 2015 in millions...Ch. 15.2 - The highest level of education for persons age 25...Ch. 15.2 - Prob. 19ECh. 15.2 - Some 2030 United Nations projected population data...Ch. 15.3 - The data in Illustration 1 are from the records of...Ch. 15.3 - An inspector recorded the number of faulty...Ch. 15.3 - Illustration 3 lists the 6months sales performance...Ch. 15.3 - A technician is often asked to read graphs drawn...Ch. 15.3 - A technician is often asked to read graphs drawn...Ch. 15.3 - A technician is often asked to read graphs drawn...Ch. 15.3 - A technician is often asked to read graphs drawn...Ch. 15.3 - A technician is often asked to read graphs drawn...Ch. 15.3 - A hygrothermograph is used by the weather services...Ch. 15.3 - A hygrothermograph is used by the weather services...Ch. 15.3 - Prob. 11ECh. 15.3 - A hygrothermograph is used by the weather services...Ch. 15.3 - A hygrothermograph is used by the weather services...Ch. 15.3 - A hygrothermograph is used by the weather services...Ch. 15.3 - According to National Oceanic and Atmospheric...Ch. 15.4 - Use Figure 15.6 to find the answers for Exercises...Ch. 15.4 - Use Figure 15.6 to find the answers for Exercises...Ch. 15.4 - Use Figure 15.6 to find the answers for Exercises...Ch. 15.4 - Use Figure 15.6 to find the answers for Exercises...Ch. 15.4 - Use Figure 15.6 to find the answers for Exercises...Ch. 15.4 - Use Figure 15.7 to find the answers for Exercises...Ch. 15.4 - Use Figure 15.7 to find the answers for Exercises...Ch. 15.4 - Use Figure 15.7 to find the answers for Exercises...Ch. 15.4 - Prob. 9ECh. 15.4 - Prob. 10ECh. 15.5 - Find the mean measurement for each set of...Ch. 15.5 - Find the mean measurement for each set of...Ch. 15.5 - Prob. 3ECh. 15.5 - Find the mean measurement for each set of...Ch. 15.5 - Prob. 5ECh. 15.5 - Find the mean measurement for each set of...Ch. 15.5 - Prob. 7ECh. 15.5 - Find the mean measurement for each set of...Ch. 15.5 - Prob. 9ECh. 15.5 - Find the mean measurement for each set of...Ch. 15.5 - Prob. 11ECh. 15.5 - Find the mean measurement for each set of...Ch. 15.5 - Find the mean measurement for each set of...Ch. 15.5 - Find the mean measurement for each set of...Ch. 15.5 - The mileage on six vehicles leased for 1 year was...Ch. 15.5 - A trucking company had hauls of 2018 km, 2101 km,...Ch. 15.5 - Over an 8day period of time the high temperature...Ch. 15.5 - A pharmacist weighed ten different capsules of the...Ch. 15.5 - A technician measured the power usage of six...Ch. 15.5 - A trucking company had seven items with the...Ch. 15.5 - According to the U.S. Energy Information...Ch. 15.5 - As trees grow in diameter, the wood produced in...Ch. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - Prob. 3ECh. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - Prob. 5ECh. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - Prob. 7ECh. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - Prob. 9ECh. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - Prob. 11ECh. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - Prob. 13ECh. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - Prob. 17ECh. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - Prob. 19ECh. 15.6 - 120. Find the median measurement for each set of...Ch. 15.6 - Prob. 21ECh. 15.6 - Find the following percentiles for the data listed...Ch. 15.6 - Prob. 23ECh. 15.6 - Prob. 24ECh. 15.6 - Prob. 25ECh. 15.6 - Prob. 26ECh. 15.6 - Find the mode for each set of measurements in...Ch. 15.6 - Prob. 28ECh. 15.6 - Prob. 29ECh. 15.6 - Prob. 30ECh. 15.6 - Prob. 31ECh. 15.6 - Prob. 32ECh. 15.6 - Prob. 33ECh. 15.6 - Find the mode for each set of measurements in...Ch. 15.6 - Prob. 35ECh. 15.6 - Find the mode for each set of measurements in...Ch. 15.6 - The cross section of the oak tree mentioned in the...Ch. 15.6 - Prob. 38ECh. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - Prob. 3ECh. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - Prob. 5ECh. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - Prob. 9ECh. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - Prob. 11ECh. 15.7 - Prob. 12ECh. 15.7 - Prob. 13ECh. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - Prob. 16ECh. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - 1-20. Find the range for each set measurements in...Ch. 15.7 - Prob. 20ECh. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - Prob. 31ECh. 15.7 - Prob. 32ECh. 15.7 - Prob. 33ECh. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - Prob. 36ECh. 15.7 - 21-40. Find the sample standard deviation for each...Ch. 15.7 - Prob. 38ECh. 15.7 - Prob. 39ECh. 15.7 - Prob. 40ECh. 15.8 - From the following grouped data, find the mean....Ch. 15.8 - Make a frequency distribution of the following...Ch. 15.8 - A laboratory technician records the life span (in...Ch. 15.8 - The life expectancy of a fluorescent light bulb is...Ch. 15.8 - The shipment times in hours for a load of goods...Ch. 15.8 - The cost of goods stolen from a department store...Ch. 15.8 - The number of passengers and their luggage weight...Ch. 15.8 - The income of the residents in a neighborhood was...Ch. 15.8 - The number of defective parts per shipment has...Ch. 15.8 - The following dollar amounts are traffic fines...Ch. 15.8 - The length of hospital stays for patients at a...Ch. 15.8 - The frequency of repair for the trucks owned by a...Ch. 15.8 - The scores that golfers shot on 18 holes at a...Ch. 15.8 - The corn yield in bushels per acre for a certain...Ch. 15.8 - The following are the squad sizes of the football...Ch. 15.8 - Prob. 16ECh. 15.9 - 1-16. Find the sample standard deviation for each...Ch. 15.9 - Prob. 2ECh. 15.9 - Prob. 3ECh. 15.9 - 1-16. Find the sample standard deviation for each...Ch. 15.9 - Prob. 5ECh. 15.9 - 1-16. Find the sample standard deviation for each...Ch. 15.9 - Prob. 7ECh. 15.9 - Prob. 8ECh. 15.9 - Prob. 9ECh. 15.9 - Prob. 10ECh. 15.9 - Prob. 11ECh. 15.9 - Prob. 12ECh. 15.9 - Prob. 13ECh. 15.9 - Prob. 14ECh. 15.9 - Prob. 15ECh. 15.9 - 1-16. Find the sample standard deviation for each...Ch. 15.9 - Measuring the annual tree rings for the 100 +...Ch. 15.10 - A certain manufacturing process has a target value...Ch. 15.10 - A sporting goods manufacturer makes baseballs. The...Ch. 15.10 - The depth of a silicon wafer is targeted at 1.015...Ch. 15.10 - The illumination of a light bulb is targeted at...Ch. 15.11 - In Exercises 14, draw a histogram for the data...Ch. 15.11 - In Exercises 14, draw a histogram for the data...Ch. 15.11 - In Exercises 14, draw a histogram for the data...Ch. 15.11 - In Exercises 14, draw a histogram for the data...Ch. 15.11 - Use the data displayed in Table 15.1 on page 489...Ch. 15.11 - Prob. 6ECh. 15.11 - Prob. 7ECh. 15.11 - Precision Manufacturing produces 20,000 machine...Ch. 15.11 - Prob. 9ECh. 15.11 - Prob. 10ECh. 15.11 - Prob. 11ECh. 15.11 - In Exercises 912, a. Draw a scattergram for the...Ch. 15.12 - Given a normal distribution with a mean of 85 and...Ch. 15.12 - Given the 20 numbers 32, 34, 35, 41, 42, 43, 44,...Ch. 15.12 - In Exercises 36, use the frequency distribution to...Ch. 15.12 - In Exercises 36, use the frequency distribution to...Ch. 15.12 - In Exercises 36, use the frequency distribution to...Ch. 15.12 - Prob. 6ECh. 15.12 - Prob. 7ECh. 15.12 - A trouser manufacturer has an order for 80,000...Ch. 15.13 - Prob. 1ECh. 15.13 - Prob. 2ECh. 15.13 - Prob. 3ECh. 15.13 - Prob. 4ECh. 15.13 - Prob. 5ECh. 15.13 - Prob. 6ECh. 15.13 - Prob. 7ECh. 15.13 - Prob. 8ECh. 15.13 - Prob. 9ECh. 15.13 - From the sample space in Exercise 1, what is the...Ch. 15.13 - Prob. 11ECh. 15.13 - Prob. 12ECh. 15.13 - Prob. 13ECh. 15.13 - Prob. 14ECh. 15.13 - Prob. 15ECh. 15.13 - A bag contains 6 red and 4 white marbles. One...Ch. 15.13 - Prob. 17ECh. 15.13 - In a classroom, there are 18 female students and 7...Ch. 15.14 - A bag contains 1 red marble, 1 blue marble, 1...Ch. 15.14 - A card is chosen from a deck of 52 cards. It is...Ch. 15.14 - Prob. 3ECh. 15.14 - A large box of vegetables contains 4 tomatoes, 3...Ch. 15.14 - Prob. 5ECh. 15.14 - A card is chosen from a deck of cards and placed...Ch. 15.14 - Prob. 7ECh. 15.14 - A card is drawn and replaced four times from a...Ch. 15.14 - A card is drawn and replaced four times from a...Ch. 15.14 - A pair of dice is rolled. What is the probability...Ch. 15.14 - Prob. 11ECh. 15.14 - Prob. 12ECh. 15.14 - Prob. 13ECh. 15.14 - Prob. 14ECh. 15.14 - Prob. 15ECh. 15.14 - Prob. 16ECh. 15 - Prob. 1RCh. 15 - Find 56.1% of 360.Ch. 15 - Prob. 3RCh. 15 - Prob. 4RCh. 15 - Prob. 5RCh. 15 - For Exercises 68, use the following data. A...Ch. 15 - For Exercises 68, use the following data. A...Ch. 15 - For Exercises 68, use the following data. A...Ch. 15 - Given the frequency distribution in Illustration...Ch. 15 - For Exercises 1012, use the data below. A students...Ch. 15 - Prob. 11RCh. 15 - For Exercises 1012, use the data below. A students...Ch. 15 - Prob. 13RCh. 15 - Prob. 14RCh. 15 - Prob. 15RCh. 15 - A bag contains 4 white marbles, 3 red marbles, 1...Ch. 15 - See Illustration 1. What country has the longest...Ch. 15 - See Illustration 1. What country has a life...Ch. 15 - Prob. 3TCh. 15 - Prob. 4TCh. 15 - Prob. 5TCh. 15 - Prob. 6TCh. 15 - Prob. 7TCh. 15 - See Illustration 2. What is the power gain when...Ch. 15 - Prob. 9TCh. 15 - Prob. 10TCh. 15 - Prob. 11TCh. 15 - For Exercises 1214, use the data in Illustration...Ch. 15 - For Exercises 1214, use the data in Illustration...Ch. 15 - For Exercises 1214, use the data in Illustration...Ch. 15 - Prob. 15TCh. 15 - Find the sample standard deviation for each set of...
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