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- The research department at a manufacturing company has developed a new process that it believes will result in an improved product. Management must decide whether to go ahead and market the new product. The new product may or may not be better than the old one. If the new product is better and the company decides to market it, sales should increase by $70,000. If it is not better and they replace the old product with the new product on the market, they will lose $25,000 to competitors. If they decide not to market the new product, they will lose a total of $60,000 if it is better and just research costs of $20,000 if it is not. Complete parts (a) and (b) below. (a) Prepare a payoff matrix. □ (Type an integer or decimal for each matrix element. Do not include the $ symbol in your answer.)After running a mile a day over a period of two weeks, the average amount of weight loss is 2.5 pounds. A dietitian, who publishes health articles in a newspaper, states their new diet program helps with additional weight loss when combining their special diet with running a mile a day over a period of two weeks. Interested in studying the dietitian's article further, you ask friends who have tried the dietitian's new program and you determine their weight loss to be 3.0 pounds in a two-week period, on average. As you set up a hypothesis test to determine if the dietitian's article is correct, what is the dietitian's claim?A researcher is interested in whether people who enjoy fine wine can actually tell the difference between a highly rated expensive wine and a good inexpensive wine. She selects several bottles of a highly rated cabernet sauvignon (a red wine) costing over $100 per bottle and several bottles of a good cabernet sauvignon costing $12. Subjects will taste a glass of wine without knowing whether it is the expensive or inexpensive wine. This is the treatment. They will then be asked to estimate how much the wine cost. This is the response variable. Outline a completely randomized design to compare the cost estimates for the two treatments. Twenty subjects are available. Group 1 Treatment 1 10 subjects expensive wine Compare Price estimate Random assignment Treatment 2 A Grouo 2 10 subjects inexpensive wine Group 1 10 subjects - expensive wine Random assignment Compare price estimates Group 2 10 subjects - inexpensive wine Treatment 1 Group 1 20 subjects expensive wine Compare Price estimate…
- The River is a literary magazine published by the English Department at Tech. It has a 70-year history and enjoys an excellent reputation for providing a literary outlet for aspiring Appalachian writers in particular. However, its sales, mostly through independent bookstores and college libraries, have never been very large. Several years ago, the magazine’s advisory board decided to create a Web site and post the bi-monthly issues online for free access. Due to poor economic conditions and state budget cuts, Tech recently withdrew funding for the magazine, and in order to make up for this financial loss, the magazine’s staff has decided to try to sell advertising (especially to local and regional businesses) on the magazine’s Web site. In order to sell advertising, the magazine’s staff would like to be able to provide potential advertisers with a forecast of the number of “visits” the Web site might receive in future months. Following is the number of monthly visits the Web site has…Identify two problems with the following question. Explain how you would rewrite it so that it is more appropriate.given that youth crime is on the rise in urban areas, what should be the top enforcement priority for our local police force? which one is correct answer? 1.youth crime 2.car theft 3.illegal drug use 4.violent crimeDescribe in your own words the YRBBS to someone who does not know the system. Specifically, explain: What is it? Who owns it? Who can usethe system? Where does the data in it come from? From whom is the data collected?
- Please solve the last part. gA researcher believed that the number of rental cars in service by a car rental company would have an impact on the total annual revenue for that car rental company. Five small car rental companies were surveyed, with the number of Cars in service recorded in units of 1000 (so if a car rental company had 54000 cars in service, a 54 would be recorded) and Annual Revenue measured in millions of dollars (so an Annual Revenue of $10,000,000 would be recorded as 10). The data follows: Cars (1,000s) Annual Revenue ($ millions)11.5 118 10.0 135 9.0 100 5.5 37 3.3 32 Part of the Excel-generated Simple Linear Regression output is provided below: ANOVA df SS MS F Significance F Regression 1 7891.863897 7891.863897 22.91180151 0.017339231 Residual 3 1033.336103 344.4453677 Total 4 8925.2 Coefficients Standard Error t Stat P-value Intercept -19.12490108 23.1658578…You are thinking of making your home more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs and insulating part or all of your exterior walls. Each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.† Your home has 60 light fittings and 1,200 square feet of uninsulated exterior wall. You can spend no more than $1,300 and would like to save as much per year in energy costs as possible. How many compact fluorescent light bulbs and how many square feet of insulation should you purchase? Please don't give handwritten answer..thanku
- The Fore and Aft Marina is located on the Ohio River near Madison, Indiana. Fore and Aft currently operates a docking facility where only one boat at a time can stop for gas and servicing. The manager of the Fore and Aft Marina wants to investigate the possibility of enlarging the docking facility so that two boats can stop for gas and servicing simultaneously. Assume that the arrival rate is 3 boats per hour and that the service rate for each server is 9 boats per hour. (Round your answers to four decimal places.) (a) What is the probability that the boat dock will be idle? (b) What is the average number of boats that will be waiting for service? (c) What is the average time (in hours) a boat will spend waiting for service? h (d) What is the average time (in hours) a boat will spend at the dock? h (e) If customers expect to be able to be in and out of the marina within 10 minutes on average, does this system provide acceptable service? ---Select--- V since the average time a boat will…You are thinking of making your home more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs and insulating part or all of your exterior walls. Each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.† Your home has 50 light fittings and 1,200 square feet of uninsulated exterior wall. You can spend no more than $1,300 and would like to save as much per year in energy costs as possible. How many compact fluorescent light bulbs and how many square feet of insulation should you purchase? (If an answer does not exist, enter DNE.) compact fluorescent light bulbs bulbs insulation sq ft How much will you save in energy costs per year?