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dreams2 dreams2
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6 years ago
Jeff sells the New York Times Sunday newspaper at a city corner near several churches. He sells each newspaper for 6.50 after purchasing them for 4.00. Any unsold newspaper can be returned to the New York Times for a 0.75 credit.
 
  Jeff expects demand on Sunday to be 75, 100, 125, or 150 newspapers and would like to order one of these four quantities from the New York Times. If Jeff orders 150 papers from the New York Times and the Sunday demand is for 100 papers, profit will be _________.A) 56.00
  B) 87.50
  C) 250.00
  D) 312.50

Q. 2

The following data represent a random sample the golf scores for a particular golfer from a course that he regularly plays.
 
  84 82 72 86 83 82 89 80 94 84 85 85
  89 87 92 88 94 87 86 84 89 84 87 89
  96 72 88 89 79 90 76 86 87 89 96
 
  This golfer would like to test if his golf scores at this course follow the normal probability distribution with  = 85.0 and  = 5.0 using  = 0.05. The test statistic for this sample is ________.
  A) 2.213
  B) 2.655
  C) 6.570
  D) 8.069

Q. 3

Hamburgers are on the menu tomorrow at a school cafeteria and the manager needs to decide how many to have ready for the lunch hour. Each hamburger costs the school 1.85 and is sold for 3.50. Leftover hamburgers have no monetary value.
 
  The manager expects demand tomorrow to be 100, 150, 200, or 250 hamburgers and would like to prepare one of these four quantities for lunchtime. If the manager uses the Hurwicz criterion with , how many hamburgers will be prepared?A) 100
  B) 150
  C) 200
  D) 250

Q. 4

When testing for a normal distribution with the chi-square goodness-of-fit test with a sample size of 50 observations, the number of intervals needed to satisfy the minimum number of expected frequencies is ________.
 
  A) 4
  B) 5
  C) 6
  D) The sample size is too small to perform the chi-square goodness-of-fit test.

Q. 5

When testing for a normal distribution with the chi-square goodness-of-fit test with a sample size of 240 observations, the number of intervals needed to satisfy the minimum number of expected frequencies is ________.
 
  A) 4
  B) 5
  C) 6
  D) The sample size is too small to perform the chi-square goodness-of-fit test.

Q. 6

When testing for a normal distribution with the chi-square goodness-of-fit test with a sample size of 30 observations, the number of intervals needed to satisfy the minimum number of expected frequencies is ________.
 
  A) 4
  B) 5
  C) 6
  D) The sample size is too small to perform the chi-square goodness-of-fit test.
Textbook 
Business Statistics

Business Statistics


Edition: 2nd
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mimibenimimibeni
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dreams2 Author
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6 years ago
Thank you for being such a great website leader! All of your answers were right.
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