A quality inspector took five samples, each with 4 observations, of the length of time for glue to dry. The analyst computed the mean of each sample, and then computed the grand mean of 12.14. Use this information to obtain the three-sigma upper control limit for the means of future times. It is known from previous experience that the standard deviation of the process is 0.05.

Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold