(a) To find: The numbers of widgets will the manufacturer have on hand after 20 weeks.

Question

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Answer 1

Question

Chapter 9, Problem 36E

To determine

(a)

To find:

The numbers of widgets will the manufacturer have on hand after 20 weeks.

To determine

(b)

To find:

The numbers of widgets will the manufacturer have at the end of N weeks.

To determine

(c)

To find:

The cost of storing the original 387 widgets for 2 years (104 weeks).

To determine

(d)

To find:

The additional cost of storing the increased inventory of widgets for the next 2 years.

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The college hiking club is having a fundraiser to buy new equipment for fall and winter outings. The club is selling Chinese fortune cookies at a price of $2 per cookie. Each cookie contains a piece of paper with a different number written on it. A random drawing will determine which number is the winner of a dinner for two at a local Chinese restaurant. The dinner is valued at $32. Since fortune cookies are donated to the club, we can ignore the cost of the cookies. The club sold 718 cookies before the drawing. Lisa bought 13 cookies. Lisa's expected earnings can be found by multiplying the value of the dinner by the probability that she will win. What are Lisa's expected earnings? Round your answer to the nearest cent.

The Honolulu Advertiser stated that in Honolulu there was an average of 659 burglaries per 400,000 households in a given year. In the Kohola Drive neighborhood there are 321 homes. Let r be the number of homes that will be burglarized in a year. Use the formula for Poisson distribution. What is the value of p, the probability of success, to four decimal places?

The college hiking club is having a fundraiser to buy new equipment for fall and winter outings. The club is selling Chinese fortune cookies at a price of $2 per cookie. Each cookie contains a piece of paper with a different number written on it. A random drawing will determine which number is the winner of a dinner for two at a local Chinese restaurant. The dinner is valued at $32. Since fortune cookies are donated to the club, we can ignore the cost of the cookies. The club sold 718 cookies before the drawing. Lisa bought 13 cookies. Lisa's expected earnings can be found by multiplying the value of the dinner by the probability that she will win. What are Lisa's expected earnings? Round your answer to the nearest cent.

Answer 2

Question

Chapter 9, Problem 36E

To determine

(a)

To find:

The numbers of widgets will the manufacturer have on hand after 20 weeks.

To determine

(b)

To find:

The numbers of widgets will the manufacturer have at the end of N weeks.

To determine

(c)

To find:

The cost of storing the original 387 widgets for 2 years (104 weeks).

To determine

(d)

To find:

The additional cost of storing the increased inventory of widgets for the next 2 years.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 9, Problem 36E

To determine

(a)

To find:

The numbers of widgets will the manufacturer have on hand after 20 weeks.

To determine

(b)

To find:

The numbers of widgets will the manufacturer have at the end of N weeks.

To determine

(c)

To find:

The cost of storing the original 387 widgets for 2 years (104 weeks).

To determine

(d)

To find:

The additional cost of storing the increased inventory of widgets for the next 2 years.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 9, Problem 36E

To determine

(a)

To find:

The numbers of widgets will the manufacturer have on hand after 20 weeks.

To determine

(b)

To find:

The numbers of widgets will the manufacturer have at the end of N weeks.

To determine

(c)

To find:

The cost of storing the original 387 widgets for 2 years (104 weeks).

To determine

(d)

To find:

The additional cost of storing the increased inventory of widgets for the next 2 years.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 9, Problem 36E

To determine

(a)

To find:

The numbers of widgets will the manufacturer have on hand after 20 weeks.

To determine

(b)

To find:

The numbers of widgets will the manufacturer have at the end of N weeks.

To determine

(c)

To find:

The cost of storing the original 387 widgets for 2 years (104 weeks).

To determine

(d)

To find:

The additional cost of storing the increased inventory of widgets for the next 2 years.

Answer 6

Chapter 9, Problem 36E

To determine

(a)

To find:

The numbers of widgets will the manufacturer have on hand after 20 weeks.

Answer 7

Chapter 9, Problem 36E

To determine

(a)

To find:

The numbers of widgets will the manufacturer have on hand after 20 weeks.

Answer 8

To determine

(b)

To find:

The numbers of widgets will the manufacturer have at the end of N weeks.

Answer 9

To determine

(b)

To find:

The numbers of widgets will the manufacturer have at the end of N weeks.

Answer 10

To determine

(c)

To find:

The cost of storing the original 387 widgets for 2 years (104 weeks).

Answer 11

To determine

(c)

To find:

The cost of storing the original 387 widgets for 2 years (104 weeks).

Answer 12

To determine

(d)

To find:

The additional cost of storing the increased inventory of widgets for the next 2 years.

Answer 13

To determine

(d)

To find:

The additional cost of storing the increased inventory of widgets for the next 2 years.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

(a) To find: The numbers of widgets will the manufacturer have on hand after 20 weeks.

Solution Summary: The author calculates the number of widgets a manufacturer will have at the end of N weeks.

Concept explainers

Videos

(a)

To find:

The numbers of widgets will the manufacturer have on hand after 20 weeks.

(b)

To find:

The numbers of widgets will the manufacturer have at the end of N weeks.

(c)

To find:

The cost of storing the original 387 widgets for 2 years (104 weeks).

(d)

To find:

The additional cost of storing the increased inventory of widgets for the next 2 years.

Want to see the full answer?

Chapter 9 Solutions

(a) To find: The numbers of widgets will the manufacturer have on hand after 20 weeks.

Solution Summary: The author calculates the number of widgets a manufacturer will have at the end of N weeks.

Concept explainers

Videos

(a) To find: The numbers of widgets will the manufacturer have on hand after 20 weeks.

(b) To find: The numbers of widgets will the manufacturer have at the end of N weeks.

(c) To find: The cost of storing the original 387 widgets for 2 years (104 weeks).

(d) To find: The additional cost of storing the increased inventory of widgets for the next 2 years.

Want to see the full answer?

Chapter 9 Solutions

(a)

To find:

The numbers of widgets will the manufacturer have on hand after 20 weeks.

(b)

To find:

The numbers of widgets will the manufacturer have at the end of N weeks.

(c)

To find:

The cost of storing the original 387 widgets for 2 years (104 weeks).

(d)

To find:

The additional cost of storing the increased inventory of widgets for the next 2 years.