dolution

dolution.

Based on an indication that mean daily car rental rates may be higher for Helsinki than for Luxembourg, a survey of eight car rental companies in Helsinki is taken and the sample mean car rental rate is €47, with a standard deviation of €3. Further, suppose a survey of nine car rental companies in Luxembourg results in a sample mean of €44 and a standard deviation of €3. Use  0.05 to test to determine whether the average daily car rental rates in Helsinki are significantly higher than those in Luxembourg. Assume car rental rates are normally distributed and the population variances are equal.

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Buying a New Car How much does the typical person pay for a new 2015 Buick Regal? The following data represent the selling price of a random sample of new Regals (in dollars).

(a) Is this data quantitative or qualitative?

(b) Find the mean and median price of a new 2015 Regal.

(c) Find the standard deviation and interquartile range.

(d) Verify it is reasonable to conclude that this data come from a population that is normally distributed.

(e) Draw a boxplot of the data.

(f) Estimate the typical price paid for a new 2015 Buick Regal with 90% confidence.

(g) Would a 90% confidence interval for all new 2015 domestic vehicles be wider or narrower? Explain.

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There are three sequential operations (Station-1, Station-2, and Station-3) in a process. Incoming applications go to station-1 first, then to Station-2, finally to station-3, and then leave the process. There are 4 resources in Station-1, 3 resources in Station-2, and 2 resources in Station-3. The HOURLY capacity of EACH SINGLE RESOURCE in these resource pools is 4, 5, and 5, respectively. The process is working at 87% utilization. Compute the utilization of the least utilized station. That is the station whose utilization is not more than any other station. Enter your answer as a percentage with NO % sign and ONE decimal point.

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Suppose that the following questionnaire has been prepared by a restaurant manager to build a profile of his or her potential market. How do you as a consumer feel about each question? 1. What is your income to the nearest hundred dollars? People don’t necessarily know their income to the nearest hundred dollars, nor do they want to reveal their income that closely. Furthermore, a questionnaire should never open with such a personal question. Personal questions should be placed at the end of the survey. How often do you go out to eat? The question is ambiguous. To provide useful information one would need to know, at a minimum, the meal period and type of restaurant. What are the most salient and determinant attributes in your evaluation of restaurants? What are “salient and determinant attributes”? Don’t use big words that the respondent may not understand.

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