« previous next »

Author Question: A restaurant stocks 600 hamburgers and 150 chicken sandwiches for a given day. Assume that the ... (Read 61 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 24, 2018
A restaurant stocks 600 hamburgers and 150 chicken sandwiches for a given day. Assume that the demands for hamburgers and chicken sandwiches are probabilistically independent. Why is the independence assumption in this scenario probably not realistic? Using a more realistic assumption, do you think the probability would increase or decrease?

Question 2

In regression analysis, the variable we are trying to explain or predict is called the:
 a. independent variable
  b. dependent variable
  c. regression variable
  d. statistical variable
  e. residual variable


mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 24, 2018
Answer to Question 1

It might not be realistic to assume independence. If hamburgers and chicken sandwiches are substitute products; that is, a customer will order one if there is none of the other, then the two demands would be positively correlated. Still, it is not clear that this would have a large effect on the probability in Question 132.

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Stuffed Jackalope in restaurant near Death Valley Stuffed Jackalope in restaurant near Death Valley
Pineapple Chicken Pineapple Chicken
Chicken Embryo Chicken Embryo
Mixed dishes such as hamburgers and pizza are a major source of solid fats in the diets of Americans Mixed dishes such as hamburgers and pizza are a major source of solid fats in the diets of Americans
An archaeological sample contains 0.700 g of lead-206 and 2.144 g of uranium-238. Assume that ... An archaeological sample contains 0.700 g of lead-206 and 2.144 g of uranium-238. Assume that ...
Chicken Parmesan with spaghetti Chicken Parmesan with spaghetti
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library