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Solve problems and show work in problems. #6 - Assignment Example

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Dr. Vonder, the chair, wants to establish a committee of three department faculty members to review the curriculum. If she selects the committee at random:
3. New Process, Inc., a large mail-order…
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Solve problems and show work in problems. #6
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Download file to see previous pages Frequent checks of the unfilled orders follow a Poisson distribution with a mean of two orders. Has New Process, Inc. lived up to its internal goal? Cite evidence.
No, New Process, Inc. has not lived up to its internal goal. This is because there is a chance of 94.73% of the working days of having fewer than five unfilled orders on hand at the end; however, the goal is to have fewer than five unfilled orders on hand at the end of 95% of the working days.
Let x represents the number of Hondas in the sample of three cars chosen from the top nine. The probability distribution for the number of Hondas in a sample of three cars chosen from the top nine, P(x) is given by Hypergeometric distribution with below parameters:
5. According to the “January theory,” if the stock market is up for the month of January, it will be up for the year. If it is down in January, it will be down for the year. According to an article in the Wall Street Journal, this theory held for 29 out of the last 34 years. Suppose there is no truth to this theory. What is the probability this could occur by ...Download file to see next pagesRead More
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