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    Category :Math/Stat Homework

    Posted By:AccountingExpert

    Price Offered : $5

    Posting Date : 2014/06/29 12:25

    Due Date : 2014/06/29 09:00

    Answered (1 time)



    Which scenario (assuming normal distribution) should you select if you want at 95% confidence interval a 16% probability of $2.75 profit per day?


    Scenario 1 involved setting the stock level of computers to 20. Over a sample of 1000, this setting produced an average profit of $2.00 per day with zero standard deviation.

    Scenario 2 involved setting the stock level to 25. Over a sample of 1000, this setting produced an average profit of about $2.35 per day with standard deviation of about $0.40.

    Scenario 3 involved setting the stock level to 30. Over a sample of 1000, this setting produced an average profit of about $2.16 per day with standard deviation of about $1.12.

    Scenario 4 involved setting the stock level to 35. Over a sample of 1000, this setting produced an average profit of about $1.29 per day with standard deviation of about $1.72.

    Scenario 5 involved setting the stock level to 40. Over a sample of 1000, this setting produced an average loss of about $0.04 per day with standard deviation of about $1.99 
    Answer
    Submitted by AccountingExpert on 2014/06/29 12:26
    teacher rated 211 times

    Price: $5.00

     

    normal distribution




    ---- file 1.docx preview (286 words)---

    Which xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx want xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx profit xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx computers xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx produced xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx standard xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx so xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx profit xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx no xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx than) xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx setting xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx 1000, xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx per xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx = xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx $2.75 xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx Scenario xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx a xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx of xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx $1.12.Here,P(Profit xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx level xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx produced xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx standard xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx 5 xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx sample xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx about xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx > xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx of xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx scenario. xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx that xxxxx xxxxx xxxxx xxxxx xxxxx

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