# Practice Problems

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- A factory produces dresses and coats for a chain of departmental stores in Victoria Hint: Management "Linear programming models usually have algebraic linear expressions that describe t..
- A farmer recorded rainfall (in mm) and average yield of crop (bushels / hectare) for 6 successive years as follows Hint: c) there is a very weak positive linear relationship between rainfall and average yield. T..
- A farmer wishes to fence in a rectangular field of area 1250 square metres Hint: The elementary ideal that demonstrates the usefulness of calculus in comprehending problems of minim..
- A festival sells 2 million tickets at 2$ each. Let the random variable X Hint: XP(X=x)Xi*PiXi^2*Pi10000.000040.04401000.00070.077200.00530.1062.12100.007110.07110.71140.020030.080..
- A financial institution has just sold 1,000 seven-month European call options on the Japanese yen Hint: In this case..
- A financial institution has positions described below in debt, equity and currency assets held for trading purposes Hint: Accounting & FinanceAnalyzing a company's ratios and financial statement is a prime step towards..
- A firm has the following total revenue and total cost schedules Hint: 21. (a) at break even level TR = TCtherefore, 2Q = 1.5Q + 40000.5Q = $4000Q = 8000 unitsat 9000 unit..
- A firm has two possible investments with the following cash inflows Hint: Accounting & Finance"The net present value (NPV) is the difference between the present value of ..
- A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover is four times a year Hint: Inventory turnover Ratio (ITR) = Sales/InventoriesCurrent ITR = 500000/200000 = 2.5Desired ITR = 4 =..
- A food factory is making a beverage for a customer from mixing two different existing products A and B Hint: Mathematics LPP involves to maximize or minimize usually subject to a couple of constraints or ..
- A furniture supply company sells a table and four chairs for a total price of €350. It has decided that the price of a table should be 6 times greater than the price of a single chair Hint: Study Assignment HelpA)To calculate price of table and chair x+6x=350 where x is for the chair...
- A game is designed as follows, using a fair four sided die (tetrahedron) with sides numbered from 1 to 4 Hint: 2)p = (p1 * n1 + p2 * n2) / (n1 + n2)SE = sqrt{ p * ( 1 - p ) * [ (1/n1) + (1/n2) ] }CI = (p1-p2) +-..
- A gardener walks in a flower garden as illustrated in the figure below. What distance does the gardener travel? Hint: MathematicsAll all lengths to obtain the total distance. total distance traveled = 6 +1 + ..
- A good pay program will have different average salaries by grade Hint: Businessb. Step 1:Ho: there is no significant difference in the average performance rating for..
- A graduate student wants to survey students who attend local high schools Hint: "12)Sample size is the sum of all frequenciesSum(Fi) = (4+8+9+15+4) = 40hence correct option is C. 4..