Bugz

for a given set of data, the standard deviation measures: the difference between the mean and data point nearest to the mean.

Let's say you own a small construction company. You need to decide whether to buy a bulldozer to add to your equipment fleet. You assume that the construction industry could be Good, Mediocre, or Bad, and associate a dollar value for your profits with each possible state of the economy. Your profits will also depend on whether you buy the equipment as follows:

*Buy the bulldozer and the economy is good should yield a profit of $120K.

*Buy the bulldozer and the economy is mediocre should yield a profit of $80 K.

*Buy the bulldozer and the economy is bad should yield a profit of -$50K. (That's negative!)

*Don't buy the bulldozer and the economy is good should yield a profit of $100K using your other equipment.

*Don't buy the bulldozer and the economy is mediocre should yield a profit of $75K using your other equipment.

*Don't buy the bulldozer and the economy is bad should yield a profit of $60K using your other equipment.

*The probability that there is a "good" economy is 20%.

*The probability that there is a "mediocre" economy is 55%.

*The probability that there is a "bad" economy is 25%.

Q-2a: Draw the decision tree.

Q-2b: What is the EMV associated with the decision to buy the bulldozer?

Q-2c: What is the EMV associated with the decision not to buy the bulldozer?

Q-2d: What is the best decision?

The Howard Marching Band is out of money. It hurts when halftime music is provided by the band of the other team at a home game. They have two choices: apply for federal grant money or do a major fundraiser. They cannot do both. The band's manager believes he has a 90% chance that he will win a grant of $25,000 if he submits the grant application. Grants in this category are for a fixed amount, so if he loses the grant, he'll have no money to run the band. Based on his past fundraising experience, he estimates that if he runs a local fundraiser, he has a 30% chance of raising $30,000 and 70% chance of raising $20,000. Create a decision tree to help him determine which decision has the higher EMV.

Q-13a: What is the EMV of applying for a grant?

Q-13b: What is the EMV of doing a major fundraiser?

Q-13c: What should the band do?

The cellular spinoff company Jog wants to estimate the proportion of households that would purchase an additional cellular line if it were made available with a free handset. A random sample of 500 accounts is selected. The results indicate that 135 of the accounts would purchase an additional line if the handset was free.

Q-5a: Construct a 99% confidence interval estimate of the population proportion of accounts that would purchase the additional line if the handset were free.

The amount of time it takes to take your order at the local Whaters restaurant has a population mean m of 3.1 minutes and a standard deviation s of 0.40 minutes. If you select a random sample of 16 customers:

Q-3a: What is the probability that the mean time spent per customer is at least 3 minutes?

Just a personal webpage

My name is Albert B. Charles

I have a background in construction and architecture

I am looking for an example like this one.

http://askmediaproductions.com/

Thats my friends site.

his name is Adam S. Kaplan.

Can anyone come up with some kool names.

Remember its a personal website that....i guess is just advertiseing my professional life.

I hook up my sound stream amp to my vm9022 jensen head unit. but i did something real stupid not realizing it...i hook up the speaker wires directly to the head unit from the amp. I heard no sound at all until i realize what i did. But i am wondering if its too late, did i mess up my radio? anyone had any experiences like this before, Was the head unit still good i havnet gone back and try to see if it messed up yet, but i wanted to get some good news if possible before i go back and reconfigure the wires

True or False

or

There is no such thing as negative inflation

True or False

2. Henry Ford once said something to the effect that the customer can have any color Model T he wants, as long as it is black. How did the world evolve from Henry Ford’s attitude toward customers to the modern attitude of customer-driven quality?

3. Are global consumers spoiled and unrealistic in their expectations, or are they finally demanding their rights in the marketplace?

4. How has the worldwide demand for quality driven the concept of innovation? How has innovation changed your life?

A DEFINITION IS ALL I NEED :>

In the construction Industry

If the general contractor is terminated, are the subcontractors obligated to the project owner and/or bonding company under the original contract to complete their portion of the work?

I am an owner. I filed a Notice of Claim but did not include the phrase, “pursuant to Fla. Stat. §558.” Is my notice still valid?

If you were given the opportunity to conduct research on a selected “risk management or decision making procedure/technique/tool/technology” in use by the construction industry and prepare a report and present the findings....What would u choose and why? 10pts for best answer