ALEKS 360 ACCESS MATH IN OUR WORLD >I<
4th Edition
ISBN: 9781266472497
Author: sobecki
Publisher: INTER MCG
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Textbook Question
Chapter 2.4, Problem 9E
One semester in a chemistry class, 14 students failed due to poor attendance, 23 failed due to not studying, 15 failed because they did not turn in assignments, 9 failed because of poor attendance and not studying, 8 failed because of not studying and not turning in assignments, 5 failed because of poor attendance and not turning in assignments, and 2 failed because of all three of these reasons.
- (a) How many failed for exactly two of the three reasons?
- (b) How many failed because of poor attendance and not studying but not because of not turning in assignments?
- (c) How many failed because of exactly one of the three reasons?
- (d) How many failed because of poor attendance and not turning in assignments but not because of not studying?
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Chapter 2 Solutions
ALEKS 360 ACCESS MATH IN OUR WORLD >I<
Ch. 2.1 - Write the set of months that end with the letter...Ch. 2.1 - Write each set, using the roster method. (a) The...Ch. 2.1 - Decide whether each statement is true or false....Ch. 2.1 - Prob. 4TTOCh. 2.1 - Use set-builder notation to designate each set,...Ch. 2.1 - Prob. 6TTOCh. 2.1 - Using the roster method, write the set of odd...Ch. 2.1 - Prob. 8TTOCh. 2.1 - Find the cardinal number of each set. (a) A = {z,...Ch. 2.1 - Prob. 10TTO
Ch. 2.1 - Prob. 11TTOCh. 2.1 - Show that the sets {North, South, East, West} and...Ch. 2.1 - Prob. 1ECh. 2.1 - Prob. 2ECh. 2.1 - Prob. 3ECh. 2.1 - List and describe three ways to write sets.Ch. 2.1 - Prob. 5ECh. 2.1 - Prob. 6ECh. 2.1 - Prob. 7ECh. 2.1 - Define the empty set and give two examples of an...Ch. 2.1 - Prob. 9ECh. 2.1 - For Exercises 922. write each set using the roster...Ch. 2.1 - For Exercises 922. write each set using the roster...Ch. 2.1 - For Exercises 922, write each set using the roster...Ch. 2.1 - For Exercises 922. write each set using the roster...Ch. 2.1 - Prob. 14ECh. 2.1 - Prob. 15ECh. 2.1 - For Exercises 922. write each set using the roster...Ch. 2.1 - Prob. 17ECh. 2.1 - For Exercises 922. write each set using the roster...Ch. 2.1 - Prob. 19ECh. 2.1 - Prob. 20ECh. 2.1 - Prob. 21ECh. 2.1 - Prob. 22ECh. 2.1 - For Exercises 2328, decide if the statement is...Ch. 2.1 - Prob. 24ECh. 2.1 - For Exercises 2328, decide if the statement is...Ch. 2.1 - Prob. 26ECh. 2.1 - Prob. 27ECh. 2.1 - Prob. 28ECh. 2.1 - For Exercises 2936, write each set, using the...Ch. 2.1 - For Exercises 2936, write each set, using the...Ch. 2.1 - For Exercises 2936, write each set, using the...Ch. 2.1 - For Exercises 2936, write each set, using the...Ch. 2.1 - Prob. 33ECh. 2.1 - Prob. 34ECh. 2.1 - Prob. 35ECh. 2.1 - Prob. 36ECh. 2.1 - Prob. 37ECh. 2.1 - Prob. 38ECh. 2.1 - Prob. 39ECh. 2.1 - Prob. 40ECh. 2.1 - Prob. 41ECh. 2.1 - Prob. 42ECh. 2.1 - For Exercises 4348, list the elements in each set....Ch. 2.1 - For Exercises 4348, list the elements in each set....Ch. 2.1 - For Exercises 4348, list the elements in each set....Ch. 2.1 - For Exercises 4348, list the elements in each set....Ch. 2.1 - Prob. 47ECh. 2.1 - Prob. 48ECh. 2.1 - Prob. 49ECh. 2.1 - For Exercises 4954, state whether each collection...Ch. 2.1 - Prob. 51ECh. 2.1 - Prob. 52ECh. 2.1 - Prob. 53ECh. 2.1 - Prob. 54ECh. 2.1 - Prob. 55ECh. 2.1 - Prob. 56ECh. 2.1 - Prob. 57ECh. 2.1 - Prob. 58ECh. 2.1 - Prob. 59ECh. 2.1 - Prob. 60ECh. 2.1 - Prob. 61ECh. 2.1 - Prob. 62ECh. 2.1 - For Exercises 6168, state whether each set is...Ch. 2.1 - For Exercises 6168, state whether each set is...Ch. 2.1 - Prob. 65ECh. 2.1 - Prob. 66ECh. 2.1 - Prob. 67ECh. 2.1 - For Exercises 6168, state whether each set is...Ch. 2.1 - For Exercises 6974, state whether each pair of...Ch. 2.1 - For Exercises 6974, state whether each pair of...Ch. 2.1 - Prob. 71ECh. 2.1 - For Exercises 6974, state whether each pair of...Ch. 2.1 - Prob. 73ECh. 2.1 - For Exercises 6974, state whether each pair of...Ch. 2.1 - For Exercises 7578, show that each pair of sets is...Ch. 2.1 - Prob. 76ECh. 2.1 - Prob. 77ECh. 2.1 - Prob. 78ECh. 2.1 - For Exercises 7986, find the cardinal number for...Ch. 2.1 - Prob. 80ECh. 2.1 - Prob. 81ECh. 2.1 - Prob. 82ECh. 2.1 - Prob. 83ECh. 2.1 - For Exercises 7986, find the cardinal number for...Ch. 2.1 - For Exercises 7986, find the cardinal number for...Ch. 2.1 - Prob. 86ECh. 2.1 - For Exercises 8792, determine whether each...Ch. 2.1 - For Exercises 8792, determine whether each...Ch. 2.1 - Prob. 89ECh. 2.1 - Prob. 90ECh. 2.1 - Prob. 91ECh. 2.1 - Prob. 92ECh. 2.1 - Prob. 93ECh. 2.1 - Prob. 94ECh. 2.1 - Excessive alcohol consumption by those aged 1824...Ch. 2.1 - Prob. 96ECh. 2.1 - Prob. 97ECh. 2.1 - 98. The rise of digital distribution for music has...Ch. 2.1 - Prob. 99ECh. 2.1 - Prob. 100ECh. 2.1 - Is {0} equivalent to ? Explain your answer.Ch. 2.1 - Write two sets that are equivalent but not equal....Ch. 2.1 - Prob. 103ECh. 2.1 - (a) List all of the different sets you can form...Ch. 2.1 - Prob. 105ECh. 2.1 - Prob. 106ECh. 2.2 - Try This One 1
Let U = {10, 20, 30, 40, 50, 60,...Ch. 2.2 - Find all subsets of B = {Verizon, T-Mobile, ATT}.Ch. 2.2 - Prob. 3TTOCh. 2.2 - Decide if each statement is true or false. (a) {8}...Ch. 2.2 - Prob. 5TTOCh. 2.2 - If A = {Cleveland, Indianapolis, Chicago, Des...Ch. 2.2 - Prob. 7TTOCh. 2.2 - Prob. 8TTOCh. 2.2 - Prob. 9TTOCh. 2.2 - Prob. 10TTOCh. 2.2 - What is a subset?Ch. 2.2 - Explain the difference between a subset and a...Ch. 2.2 - Prob. 3ECh. 2.2 - Prob. 4ECh. 2.2 - Prob. 5ECh. 2.2 - Prob. 6ECh. 2.2 - Prob. 7ECh. 2.2 - Prob. 8ECh. 2.2 - Write an example from real life that represents...Ch. 2.2 - Write an example from real life that represents...Ch. 2.2 - For Exercises 1114, let U = {2, 3, 5, 7, 11, 13,...Ch. 2.2 - For Exercises 1114, let U = {2, 3, 5, 7, 11, 13,...Ch. 2.2 - Prob. 13ECh. 2.2 - Prob. 14ECh. 2.2 - If U = the set of natural numbers and A = {4, 6,...Ch. 2.2 - Prob. 16ECh. 2.2 - Prob. 17ECh. 2.2 - Prob. 18ECh. 2.2 - Prob. 19ECh. 2.2 - Prob. 20ECh. 2.2 - Prob. 21ECh. 2.2 - Prob. 22ECh. 2.2 - Prob. 23ECh. 2.2 - Prob. 24ECh. 2.2 - For Exercises 2534, state whether each is true or...Ch. 2.2 - Prob. 26ECh. 2.2 - For Exercises 2534, state whether each is true or...Ch. 2.2 - Prob. 28ECh. 2.2 - Prob. 29ECh. 2.2 - For Exercises 2534, state whether each is true or...Ch. 2.2 - Prob. 31ECh. 2.2 - Prob. 32ECh. 2.2 - Prob. 33ECh. 2.2 - For Exercises 2534, state whether each is true or...Ch. 2.2 - Prob. 35ECh. 2.2 - Prob. 36ECh. 2.2 - Prob. 37ECh. 2.2 - Prob. 38ECh. 2.2 - Prob. 39ECh. 2.2 - Prob. 40ECh. 2.2 - Prob. 41ECh. 2.2 - Prob. 42ECh. 2.2 - Prob. 43ECh. 2.2 - Prob. 44ECh. 2.2 - Prob. 45ECh. 2.2 - Prob. 46ECh. 2.2 - Prob. 47ECh. 2.2 - Prob. 48ECh. 2.2 - Prob. 49ECh. 2.2 - Prob. 50ECh. 2.2 - Prob. 51ECh. 2.2 - Prob. 52ECh. 2.2 - Prob. 53ECh. 2.2 - For Exercises 5160, let U = {11, 12, 13, 14, 15,...Ch. 2.2 - Prob. 55ECh. 2.2 - Prob. 56ECh. 2.2 - Prob. 57ECh. 2.2 - Prob. 58ECh. 2.2 - Prob. 59ECh. 2.2 - For Exercises 5160, let U = {11, 12, 13, 14, 15,...Ch. 2.2 - Prob. 61ECh. 2.2 - Prob. 62ECh. 2.2 - Prob. 63ECh. 2.2 - For Exercises 6170, let U = {x | x N and x 25} W...Ch. 2.2 - Prob. 65ECh. 2.2 - Prob. 66ECh. 2.2 - Prob. 67ECh. 2.2 - Prob. 68ECh. 2.2 - For Exercises 6170, let U = {x | x N and x 25} W...Ch. 2.2 - Prob. 70ECh. 2.2 - Prob. 71ECh. 2.2 - Prob. 72ECh. 2.2 - Prob. 73ECh. 2.2 - Prob. 74ECh. 2.2 - Prob. 75ECh. 2.2 - Prob. 76ECh. 2.2 - Prob. 77ECh. 2.2 - Prob. 78ECh. 2.2 - Prob. 79ECh. 2.2 - Prob. 80ECh. 2.2 - Prob. 81ECh. 2.2 - Prob. 82ECh. 2.2 - For Exercises 8184, let D = {11, 12, 13, 14, 15,}...Ch. 2.2 - For Exercises 8184, let D = {11, 12, 13, 14, 15,}...Ch. 2.2 - Prob. 85ECh. 2.2 - Prob. 86ECh. 2.2 - Prob. 87ECh. 2.2 - Prob. 88ECh. 2.2 - Prob. 89ECh. 2.2 - Prob. 90ECh. 2.2 - Prob. 91ECh. 2.2 - Prob. 92ECh. 2.2 - Prob. 93ECh. 2.2 - To integrate aerobics into her exercise program,...Ch. 2.2 - Prob. 95ECh. 2.2 - Prob. 96ECh. 2.2 - Prob. 97ECh. 2.2 - Prob. 98ECh. 2.2 - Prob. 99ECh. 2.2 - Prob. 100ECh. 2.2 - Prob. 101ECh. 2.2 - Prob. 102ECh. 2.2 - Prob. 103ECh. 2.2 - Prob. 104ECh. 2.2 - Prob. 105ECh. 2.2 - Prob. 106ECh. 2.2 - Prob. 107ECh. 2.2 - Prob. 108ECh. 2.2 - Prob. 109ECh. 2.2 - Prob. 110ECh. 2.2 - Prob. 111ECh. 2.3 - Prob. 1TTOCh. 2.3 - Prob. 2TTOCh. 2.3 - Prob. 3TTOCh. 2.3 - Prob. 4TTOCh. 2.3 - Prob. 5TTOCh. 2.3 - Prob. 6TTOCh. 2.3 - Use Venn diagrams to show that (A B) = A B.Ch. 2.3 - Prob. 8TTOCh. 2.3 - Prob. 9TTOCh. 2.3 - Prob. 10TTOCh. 2.3 - Prob. 2ECh. 2.3 - Prob. 3ECh. 2.3 - Prob. 4ECh. 2.3 - Describe in your own words what De Morgans laws...Ch. 2.3 - Prob. 6ECh. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - Prob. 9ECh. 2.3 - Prob. 10ECh. 2.3 - Prob. 11ECh. 2.3 - Prob. 12ECh. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - Prob. 14ECh. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - Prob. 16ECh. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - Prob. 21ECh. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - Prob. 24ECh. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - For Exercises 730, draw a Venn diagram and shade...Ch. 2.3 - Prob. 31ECh. 2.3 - Prob. 32ECh. 2.3 - Prob. 33ECh. 2.3 - Prob. 34ECh. 2.3 - Prob. 35ECh. 2.3 - Prob. 36ECh. 2.3 - Prob. 37ECh. 2.3 - Prob. 38ECh. 2.3 - For Exercises 3950, use the following Venn diagram...Ch. 2.3 - For Exercises 3950, use the following Venn diagram...Ch. 2.3 - Prob. 41ECh. 2.3 - For Exercises 3950, use the following Venn diagram...Ch. 2.3 - For Exercises 3950, use the following Venn diagram...Ch. 2.3 - For Exercises 3950, use the following Venn diagram...Ch. 2.3 - Prob. 45ECh. 2.3 - For Exercises 3950, use the following Venn diagram...Ch. 2.3 - For Exercises 3950, use the following Venn diagram...Ch. 2.3 - For Exercises 3950, use the following Venn diagram...Ch. 2.3 - For Exercises 3950, use the following Venn diagram...Ch. 2.3 - For Exercises 3950, use the following Venn diagram...Ch. 2.3 - For Exercises 5160, use the following information:...Ch. 2.3 - For Exercises 5160, use the following information:...Ch. 2.3 - For Exercises 5160, use the following information:...Ch. 2.3 - For Exercises 5160, use the following information:...Ch. 2.3 - For Exercises 5160, use the following information:...Ch. 2.3 - For Exercises 5160, use the following information:...Ch. 2.3 - Prob. 57ECh. 2.3 - Prob. 58ECh. 2.3 - For Exercises 5160, use the following information:...Ch. 2.3 - For Exercises 5160, use the following information:...Ch. 2.3 - Prob. 61ECh. 2.3 - Prob. 62ECh. 2.3 - Prob. 63ECh. 2.3 - Prob. 64ECh. 2.3 - Prob. 65ECh. 2.3 - Prob. 66ECh. 2.3 - Prob. 67ECh. 2.3 - Prob. 68ECh. 2.3 - Prob. 69ECh. 2.3 - Prob. 70ECh. 2.3 - Prob. 71ECh. 2.3 - Prob. 72ECh. 2.3 - Prob. 73ECh. 2.3 - In Exercises 7376, G = {people who regularly use...Ch. 2.3 - Prob. 75ECh. 2.3 - Prob. 76ECh. 2.3 - Prob. 77ECh. 2.3 - Prob. 78ECh. 2.3 - Prob. 79ECh. 2.3 - Prob. 80ECh. 2.3 - Prob. 81ECh. 2.3 - Prob. 82ECh. 2.3 - Prob. 83ECh. 2.3 - Prob. 84ECh. 2.3 - Prob. 85ECh. 2.3 - Prob. 86ECh. 2.3 - Prob. 87ECh. 2.3 - In Exercises 8792. (a) use a Venn diagram to show...Ch. 2.3 - Prob. 89ECh. 2.3 - In Exercises 8792. (a) use a Venn diagram to show...Ch. 2.3 - In Exercises 8792. (a) use a Venn diagram to show...Ch. 2.3 - In Exercises 8792. (a) use a Venn diagram to show...Ch. 2.4 - In an average year, Columbus, Ohio, has 163 days...Ch. 2.4 - According to an online survey on...Ch. 2.4 - An online music service surveyed 500 customers and...Ch. 2.4 - Three other risk factors are obesity, family...Ch. 2.4 - Prob. 1ECh. 2.4 - In a class of 25 students, 18 were math majors, 12...Ch. 2.4 - A court record search of 250 incoming freshmen at...Ch. 2.4 - Twenty-five mice were involved in a biology...Ch. 2.4 - Out of 20 students taking a midterm psychology...Ch. 2.4 - In a study of 400 entres served at 75 campus...Ch. 2.4 - The financial aid department at a college surveyed...Ch. 2.4 - The manager of a campus gym is planning the...Ch. 2.4 - One semester in a chemistry class, 14 students...Ch. 2.4 - According to a survey conducted by the National...Ch. 2.4 - Two hundred patients suffering from depression...Ch. 2.4 - A survey of 96 students on campus showed that 29...Ch. 2.4 - Of the 50 largest cities in the United States, 11...Ch. 2.4 - One hundred new books are released nationally over...Ch. 2.4 - A marketing firm is hired to conduct research into...Ch. 2.4 - The arts communities in 230 cities across the...Ch. 2.4 - A researcher was hired to examine the drinking...Ch. 2.4 - The marketing research firm of OUWant12 designed...Ch. 2.4 - Prob. 19ECh. 2.4 - Prob. 20ECh. 2.5 - Show that the set {1, 2, 3, 4, 5, } is an infinite...Ch. 2.5 - Prob. 2TTOCh. 2.5 - Prob. 3TTOCh. 2.5 - Prob. 1ECh. 2.5 - Prob. 2ECh. 2.5 - Prob. 3ECh. 2.5 - Prob. 4ECh. 2.5 - Prob. 5ECh. 2.5 - Prob. 6ECh. 2.5 - Prob. 7ECh. 2.5 - Prob. 8ECh. 2.5 - Prob. 9ECh. 2.5 - For Exercises 520, find a general term for the...Ch. 2.5 - Prob. 11ECh. 2.5 - Prob. 12ECh. 2.5 - Prob. 13ECh. 2.5 - Prob. 14ECh. 2.5 - For Exercises 520, find a general term for the...Ch. 2.5 - Prob. 16ECh. 2.5 - Prob. 17ECh. 2.5 - Prob. 18ECh. 2.5 - Prob. 19ECh. 2.5 - Prob. 20ECh. 2.5 - Prob. 21ECh. 2.5 - Prob. 22ECh. 2.5 - Prob. 23ECh. 2.5 - Prob. 24ECh. 2.5 - Prob. 25ECh. 2.5 - Prob. 26ECh. 2.5 - Prob. 27ECh. 2.5 - Prob. 28ECh. 2.5 - Prob. 29ECh. 2.5 - Prob. 30ECh. 2.5 - Prob. 31ECh. 2.5 - Prob. 32ECh. 2.5 - For Exercises 3134, show that the given set is...Ch. 2.5 - Prob. 34ECh. 2.5 - Prob. 35ECh. 2.5 - Prob. 36ECh. 2.5 - Prob. 37ECh. 2.5 - Prob. 38ECh. 2.5 - Prob. 39ECh. 2.5 - (a) Define a one-to-one correspondence between the...Ch. 2.5 - Prob. 41ECh. 2.5 - Prob. 42ECh. 2.5 - In Exercises 4146, find the cardinality of the...Ch. 2.5 - In Exercises 4146, find the cardinality of the...Ch. 2.5 - Prob. 45ECh. 2.5 - In Exercises 4146, find the cardinality of the...Ch. 2 - Prob. 1RECh. 2 - Prob. 2RECh. 2 - Prob. 3RECh. 2 - Prob. 4RECh. 2 - Prob. 5RECh. 2 - Prob. 6RECh. 2 - Prob. 7RECh. 2 - Prob. 8RECh. 2 - Prob. 9RECh. 2 - Prob. 10RECh. 2 - For Exercises 912, write each set using...Ch. 2 - Prob. 12RECh. 2 - For Exercises 1320, state whether the set is...Ch. 2 - Prob. 14RECh. 2 - Prob. 15RECh. 2 - Prob. 16RECh. 2 - Prob. 17RECh. 2 - Prob. 18RECh. 2 - Prob. 19RECh. 2 - Prob. 20RECh. 2 - For Exercises 2124, decide if the statement is...Ch. 2 - Prob. 22RECh. 2 - For Exercises 2124, decide if the statement is...Ch. 2 - For Exercises 2124, decide if the statement is...Ch. 2 - For Exercises 2124, decide if the statement is...Ch. 2 - Prob. 26RECh. 2 - Prob. 27RECh. 2 - Prob. 28RECh. 2 - Prob. 29RECh. 2 - Prob. 30RECh. 2 - Prob. 31RECh. 2 - Prob. 32RECh. 2 - Prob. 33RECh. 2 - Prob. 34RECh. 2 - Prob. 35RECh. 2 - Prob. 36RECh. 2 - Prob. 37RECh. 2 - Prob. 38RECh. 2 - Prob. 39RECh. 2 - Prob. 40RECh. 2 - Prob. 41RECh. 2 - Prob. 42RECh. 2 - Prob. 43RECh. 2 - Prob. 44RECh. 2 - Prob. 45RECh. 2 - Prob. 46RECh. 2 - Prob. 47RECh. 2 - For Exercises 4750, draw a Venn diagram and shade...Ch. 2 - Prob. 49RECh. 2 - Prob. 50RECh. 2 - If n(A) = 15, n(B) = 9, and n(A B) = 4, find n(A ...Ch. 2 - Prob. 52RECh. 2 - Prob. 53RECh. 2 - Prob. 54RECh. 2 - Prob. 55RECh. 2 - Prob. 56RECh. 2 - Prob. 57RECh. 2 - A hearing specialist conducts a study on hearing...Ch. 2 - 59. Fifty-three callers to a campus radio station...Ch. 2 - Prob. 60RECh. 2 - Prob. 61RECh. 2 - Prob. 62RECh. 2 - Prob. 63RECh. 2 - Prob. 1CTCh. 2 - Prob. 2CTCh. 2 - Prob. 3CTCh. 2 - Prob. 4CTCh. 2 - Prob. 5CTCh. 2 - Prob. 6CTCh. 2 - Prob. 7CTCh. 2 - Prob. 8CTCh. 2 - Prob. 9CTCh. 2 - Prob. 11CTCh. 2 - Prob. 12CTCh. 2 - Prob. 13CTCh. 2 - Prob. 14CTCh. 2 - Prob. 15CTCh. 2 - Prob. 16CTCh. 2 - Prob. 17CTCh. 2 - Prob. 18CTCh. 2 - Prob. 19CTCh. 2 - Prob. 20CTCh. 2 - Prob. 21CTCh. 2 - A student studying for a masters degree in sports...Ch. 2 - Prob. 23CTCh. 2 - Prob. 24CTCh. 2 - Prob. 25CTCh. 2 - Prob. 26CTCh. 2 - Prob. 27CTCh. 2 - Prob. 28CTCh. 2 - Prob. 29CTCh. 2 - For Exercises 2530, state whether each is true or...
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- In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $31 per doll. During the holiday selling season, FTC will sell the dolls for $39 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to pay FTC $10 per doll. Demand for new toys during the holiday selling season is extremely uncertain. Forecasts are for expected sales of 60,000 dolls with a standard deviation of 15,000. The normal probability distribution is assumed to be a good description of the demand. FTC has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision. (a) Determine the equation for computing FTC's profit for given values of the…arrow_forwardTo 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 normal discrete uniform…arrow_forwardStrassel 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? $128,000 $138,000 $148,000 (c) Use the simulation model to compute the profit for each trial of…arrow_forward
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