Business maths
A company manufactures 30 items per day. The sale of these items depends upon demand which has the following distribution:
SALES (UNITS) PROBABILITY
27 0.10
28 0.15
29 0.20
30 0.35
31 0.15
32 0.05
The production cost and selling price of each unit are 40 and 50 shillings respectively. Any unsold products are disposed at a loss of 15 shillings per unit. There is a penalty of 5 shillings if demand is not met.
Required
Using the following random numbers estimate the total profits/loss for the company for the next 10 days: 10, 99, 65,99,95,01, 79, 11, 16, 20
If the company decides to produce 29 instead of 30 units, is there any advantage?
In this module you will begin working on Phase 2 of your course project. Using the same data set
In this module you will begin working on Phase 2 of your course project. Using the same data set and variables for your selected topic, add the following information to your analysis:
Discuss the importance of constructing confidence intervals for the population mean.
What are confidence intervals?
What is a point estimate?
What is the best point estimate for the population mean? Explain.
Why do we need confidence intervals?
Based on your selected topic, evaluate the following:
Find the best point estimate of the population mean.
Construct a 95% confidence interval for the population mean. Assume that your data is normally distributed and ?, the population standard deviation, is unknown.
Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.
Write a statement that correctly interprets the confidence interval in context of your selected topic.
Based on your selected topic, evaluate the following:
Find the best point estimate of the population mean.
Construct a 99% confidence interval for the population mean. Assume that your data is normally distributed and ?, the population standard deviation, is unknown.
Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.
Write a statement that correctly interprets the confidence interval in context of your selected topic.
Compare and contrast your findings for the 95% and 99% confidence interval.
Did you notice any changes in your interval estimate? Explain.
What conclusion(s) can be drawn about your interval estimates when the confidence level is increased? Explain.
Case Study About Religion
Writing Assignment Help Read the attached case study and then write 450 words expressing how you would respond to the situation described, noting especially the degree to which you agree or disagree with the central issue at stake in the case study; namely, the importance of understanding the setting and context of the original writer/readers for properly understanding and interpreting a biblical text. You must document all sources used (including textbooks and presentations) in current Turabian format.
For this summative assessment, you will compile your own theory reference guide. This guide will help you facilitate interprofessional
For this summative assessment, you will compile your own theory reference guide. This guide will help you facilitate interprofessional communications when discussing rationales and plans for changes you believe will improve quality of care and the work environment.
Complete the Leadership Theories in Practice worksheet to create a customized resource that classifies the theories you find relevant. It is a succinct venue for itemizing meaningful and actionable guidance for application in the workplace. This guide is a tool that you can grow throughout your career as you stay current in best practices while navigating change and challenges.
Submit your worksheet with citations- remember to include your title page.
Case Study About Religion
Read the attached case study and then write 450 words expressing how you would respond to the situation described, noting especially the degree to which you agree or disagree with the central issue at stake in the case study; namely, the importance of understanding the setting and context of the original writer/readers for properly understanding and interpreting a biblical text. You must document all sources used (including textbooks and presentations) in current Turabian format.