Author Question: For the data given above, identify the Crystal Ball function that models the number of ... (Read 48 times)

cnetterville · **on:** Jun 24, 2018

For the data given above, identify the Crystal Ball function that models the number of cancellations.

A) CB.Poisson(0.02, Reservation limit)
B) CB.Binomial(0.02, Reservation limit)
C) CB.Poisson(0.02, Customer demand)
D) CB.Binomial(0.02, Reservations made)

Question 2

A dairy farm in Wisconsin bottles milk in one gallon containers. At a recent meeting, the production manager asked top management for a new filling machine that he argued would assure that all containers had exactly one gallon of milk.

Based on sound statistical principles, the top management group should conclude that the production manager could have merit to his argument. Indicate whether the statement is true or false