2. A company is producing two types of ski goggles. Forty percent of the production is of type A, and the rest is of type B. Six percent of all type A goggles are returned within 10 days after the sale, whereas only two percent of type B are returned. If a pair of goggles is returned within the first 10 days after the sale, what is the probability that the goggles returned are of type B?
2. A company is producing two types of ski goggles. Forty percent of the production is...
Forty two percent of the people that use the internet order something online. Find the probability that only six of 10 users will order something online.
A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The relevant manufacturing data are given in the table. Labor-Hours per Ski Maximum Labor-Hours Department Trick Ski Slalom Ski Available per Day Fabricating 55 44 140 Finishing 1 1 30 Answer parts (A), (B), and (C) below. (A) If the profit on a trick ski is $50 and the profit on a slalom ski is $30, how many of each type of ski should...
The owner of a ski resort is considering installing a new ski lift that will cost $850,000. Expenses for operating and maintaining the lift are estimated to be $2,000 per day when operating. The U.S.Weather Service estimates that there is a 55% probability of 70 days of skiing weather per year, a 35% probability of 100 days per year, and a 10% probability of 130 days per year. The operators of the resort estimate that during the first 70 days...
13) Items under inspection are subjected to two types of defects about 70% of the items in a large lot are judged to be defect-free, whereas 20% have a type A defect alone and 10% have a type B defect alone (none have both types of defects). a) If six of items are randomly selected, find the probability that three have no defects, one has type A defect, and two have type B defect. b) What is the mean and...
After-Tax Target Income: Profit Analysis X-Cee-Ski Company recently expanded its manufacturing capacity, which will allow it to produce up to 21,000 pairs of cross-country skis of the mountaineering model or the touring model. The Sales Department assures management that it can sell between 9,000 and 14,000 pairs of either product this year. Because the models are very similar, X-Cee-Ski will produce only one of the two models. The following information was compiled by the Accounting Department: Per-Unit (Pair) Data Mountaineering...
A factory has two production lines A and B, production line A works 7 days a week, production line B works only 5 days a week. Production line A produces 5000 items each day where 87% of the produced items are high quality and the rest are of medium quality. Production line B produces 3500 items each day where 63% of the produced items are high quality, 18% medium quality, and the rest are of low quality. All items produced...
A factory has two production lines A and B, production line A works 7 days a week, production line B works only 5 days a week. Production line A produces 5000 items each day where 88% of the produced items are high quality and the rest are of medium quality. Production line B produces 3500 items each day where 67% of the produced items are high quality, 14% medium quality, and the rest are of low quality. All items produced...
A factory has two production lines A and B, production line A works 7 days a week, production line B works only 5 days a week. Production line A produces 5000 items each day where 91% of the produced items are high quality and the rest are of medium quality. Production line B produces 3500 items each day where 62% of the produced items are high quality, 15% medium quality, and the rest are of low quality. All items produced...
Question -2 Cloth Ltd. is a large shirt manufacturing company producing two types of shirts A and B. Due to the shortages in some resources, the company has difficulty in deciding on the optimum production plan for the forthcoming period. You have been asked to analyze the situation and have been presented with the following data: Particulars Shirt A($) Shirt B (S) Material ($30 per meter) 1505 180. Direct Labour 18.75 1.25 Skilled( $15 per hour) Semi-skilled( $11 per Hour)...
Given the following production function with three types of inputs: Q=0.95 0.6 0.3R02 where Q = quantity produced, L = units of labor, K = units of capital and Runits of land. Determine the following when L = 15, K = 11, and R = 7 (1) The production elasticity of labor is (round to the first digit after the decimal) (2) There will be a percentage increase in demand if the capital used in production percentage increases by 5%...