« previous next »

Author Question: A restaurant stocks 600 hamburgers and 150 chicken sandwiches for a given day. Assume that the ... (Read 60 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?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Chicken Embryo Chicken Embryo
Atlantic Cod Stocks, Grand and George Banks Atlantic Cod Stocks, Grand and George Banks
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
Because vitamin A is stored in the liver, chicken liver is a potent source of this vitamin Because vitamin A is stored in the liver, chicken liver is a potent source of this vitamin
Chicken wings scented candles Chicken wings scented candles
Lambs with oven chicken rice and salad Lambs with oven chicken rice and salad
Video: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library