Mathematics All Around (6th Edition)
6th Edition
ISBN: 9780134506470
Author: Pirnot
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 10.4, Problem 6E
To determine
To Complete:
The following table using the method of sealed bids.
Matt (35%) | Tony (65%) | |
Bid on pizza stand | $120, 000 | $90, 000 |
Fair share of pizza stand | a. | b. |
Item obtained with highest bid | c. | d. |
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Thanksgiving Travel According to the American Automobile Association, 31 million Americans travel over the Thanksgiving holiday. To determine whether to stay open or not, a national restaurant chain surveyed 125 customers at each of four locations to see if they would be traveling over the holiday. The results are shown here. At α=0.01, test the claim that the proportions of Americans who will travel over the Thanksgiving holiday are equal. Use the P-value method.
Location A
Location B
Location C
Location D
Total
Will travel
39
50
45
48
182
Will not travel
86
75
80
77
318
Total
125
125
125
125
500
1. Identify the claim with the correct hypothesis.
H0: p1=p2=p3=p4 ▼(CLAIM or NOT CLAIM?)
H1: At least one proportion is different from the others. ▼(CLAIM or NOT CLAIM?)
2. Find the critical value
3. Compute the test value: X^2=
4. Reject or Do not reject the null hypothesis
5.Summarize: Is…
Instruction: Determine the fastfood that wins using:
c)Borda Count
d) Plurality with elimination method.
Include short explanation and conclusion on each method used.
Use the Sealed Bids method to solve the following problem
A mother leaves all of her assets to a charity except three items. She leaves her land, a car, and a
lake house to her 3 adult children. Divided up the assets using the Sealed Bids method. Each
adult child honestly and independently places the following bids in thousands of dollars.
Chapter 10 Solutions
Mathematics All Around (6th Edition)
Ch. 10.1 - Sharpening your Skills In Exercises 1-6, use the...Ch. 10.1 - Sharpening your Skills In Exercises 1-6, use the...Ch. 10.1 - Sharpening your Skills In Exercises 1-6, use the...Ch. 10.1 - Sharpening your Skills In Exercises 1-6, use the...Ch. 10.1 - Sharpening your Skills In Exercises 1-6, use the...Ch. 10.1 - Prob. 6ECh. 10.1 - Sharpening Your Skills If the American Nurses...Ch. 10.1 - Prob. 8ECh. 10.1 - Sharpening your Skills Which state is more poorly...Ch. 10.1 - Prob. 10E
Ch. 10.1 - Sharpening your Skills Recall that on a 10-member...Ch. 10.1 - Sharpening your Skills Redo Exercise 11 for Aroco...Ch. 10.1 - Sharpening your Skills Apportioning...Ch. 10.1 - Sharpening your Skills Apportioning...Ch. 10.1 - Applying What Youve Learned The Alabama paradox....Ch. 10.1 - Applying What Youve Learned The Alabama paradox....Ch. 10.1 - Applying What Youve Learned The Alabama paradox...Ch. 10.1 - Prob. 18ECh. 10.1 - Prob. 19ECh. 10.1 - Prob. 20ECh. 10.1 - Prob. 21ECh. 10.1 - Prob. 25ECh. 10.1 - Prob. 26ECh. 10.1 - Prob. 27ECh. 10.1 - Prob. 28ECh. 10.2 - Prob. 1ECh. 10.2 - Prob. 2ECh. 10.2 - Prob. 3ECh. 10.2 - Prob. 4ECh. 10.2 - Prob. 5ECh. 10.2 - Prob. 6ECh. 10.2 - Prob. 7ECh. 10.2 - Prob. 8ECh. 10.2 - Prob. 9ECh. 10.2 - Prob. 10ECh. 10.2 - Prob. 11ECh. 10.2 - Prob. 12ECh. 10.2 - Prob. 13ECh. 10.2 - Prob. 14ECh. 10.2 - Prob. 15ECh. 10.2 - Prob. 16ECh. 10.2 - Prob. 17ECh. 10.2 - Prob. 18ECh. 10.2 - Prob. 19ECh. 10.2 - Prob. 20ECh. 10.2 - Prob. 21ECh. 10.2 - Prob. 22ECh. 10.2 - Prob. 23ECh. 10.2 - Prob. 24ECh. 10.2 - Prob. 25ECh. 10.2 - Prob. 26ECh. 10.2 - Prob. 27ECh. 10.2 - Prob. 28ECh. 10.2 - Prob. 29ECh. 10.2 - Prob. 30ECh. 10.2 - Prob. 31ECh. 10.2 - Prob. 32ECh. 10.2 - Prob. 33ECh. 10.2 - Prob. 34ECh. 10.3 - In Exercises 1-4, we give you a total population,...Ch. 10.3 - Prob. 2ECh. 10.3 - In Exercises 1-4, we give you a total population,...Ch. 10.3 - Prob. 4ECh. 10.3 - Prob. 5ECh. 10.3 - Use the Jefferson method to assign the seats on...Ch. 10.3 - Prob. 7ECh. 10.3 - Prob. 8ECh. 10.3 - Choosing representatives on a negotiations...Ch. 10.3 - Prob. 10ECh. 10.3 - Prob. 11ECh. 10.3 - Use the Webster method to apportion the members of...Ch. 10.3 - Prob. 13ECh. 10.3 - Prob. 14ECh. 10.3 - Prob. 15ECh. 10.3 - Prob. 16ECh. 10.3 - Prob. 17ECh. 10.3 - Prob. 18ECh. 10.3 - Prob. 19ECh. 10.3 - Prob. 20ECh. 10.3 - Prob. 21ECh. 10.3 - Prob. 22ECh. 10.3 - Prob. 23ECh. 10.3 - Use the Webster method to assign the number of...Ch. 10.3 - Prob. 25ECh. 10.3 - Prob. 26ECh. 10.3 - Prob. 27ECh. 10.3 - In Exercises 25-32, we use the Hamilton method to...Ch. 10.3 - Prob. 29ECh. 10.3 - Prob. 30ECh. 10.3 - In Exercises 25-32, we use the Hamilton method to...Ch. 10.3 - In Exercises 25-32, we use the Hamilton method to...Ch. 10.3 - Exercises 33-36Illustrate that the Jefferson and...Ch. 10.3 - Prob. 34ECh. 10.3 - Prob. 35ECh. 10.3 - Prob. 36ECh. 10.3 - Prob. 37ECh. 10.3 - Prob. 38ECh. 10.3 - Prob. 39ECh. 10.3 - Prob. 40ECh. 10.3 - Prob. 43ECh. 10.3 - Prob. 44ECh. 10.3 - Prob. 45ECh. 10.3 - Prob. 46ECh. 10.3 - Prob. 47ECh. 10.4 - Identify each situation as dealing with either...Ch. 10.4 - Identify each situation as dealing with either...Ch. 10.4 - Use the method of sealed bids to complete the...Ch. 10.4 - Prob. 4ECh. 10.4 - Use the method of sealed bids to complete the...Ch. 10.4 - Prob. 6ECh. 10.4 - Prob. 7ECh. 10.4 - Prob. 8ECh. 10.4 - Prob. 9ECh. 10.4 - Use the method of sealed bids to complete the...Ch. 10.4 - Prob. 11ECh. 10.4 - Prob. 12ECh. 10.4 - Prob. 13ECh. 10.4 - Prob. 14ECh. 10.4 - Prob. 15ECh. 10.4 - In Exercises 15 and 16, use the method of sealed...Ch. 10.4 - Prob. 17ECh. 10.4 - Prob. 18ECh. 10.4 - Prob. 19ECh. 10.4 - Prob. 20ECh. 10.4 - Prob. 21ECh. 10.4 - Prob. 22ECh. 10.4 - Prob. 23ECh. 10.4 - Prob. 24ECh. 10.4 - Prob. 25ECh. 10.4 - Prob. 26ECh. 10.4 - Prob. 27ECh. 10.4 - Prob. 28ECh. 10.CR - Prob. 1CRCh. 10.CR - Prob. 2CRCh. 10.CR - Prob. 3CRCh. 10.CR - Prob. 4CRCh. 10.CR - Prob. 5CRCh. 10.CR - Prob. 6CRCh. 10.CR - Prob. 7CRCh. 10.CR - Prob. 8CRCh. 10.CR - Prob. 9CRCh. 10.CR - Prob. 10CRCh. 10.CR - Prob. 11CRCh. 10.CR - Prob. 12CRCh. 10.CR - Prob. 13CRCh. 10.CR - Prob. 14CRCh. 10.CR - Prob. 15CRCh. 10.CR - Prob. 16CRCh. 10.CT - What is the Alabama paradox?Ch. 10.CT - Suppose state C has a population of 1,640,000 and...Ch. 10.CT - The Metropolitan Community College Arts Council...Ch. 10.CT - Prob. 4CTCh. 10.CT - Suppose that Arizona has a population of 5.23...Ch. 10.CT - Prob. 6CTCh. 10.CT - Prob. 7CTCh. 10.CT - Prob. 8CTCh. 10.CT - Prob. 9CTCh. 10.CT - Prob. 10CTCh. 10.CT - Prob. 11CTCh. 10.CT - Prob. 12CTCh. 10.CT - Prob. 13CTCh. 10.CT - Prob. 14CTCh. 10.CT - Three brothersLarry, Moe, and Curlyare dissolving...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- The Dean is looking for a tenured professor to teacha course. Monetary incentives are needed to get someoneinterested, but how much? The Dean decides to use an auction to do thejob. Two professors, equally qualified, applied for the position. The twoprofessors are invited to covertly submit their bids to the Dean. The Deanwill give the position to the professor who submits the lower bid (if thereis a tie, the job is assigned randomly). The professor who gets the job willbe paid his/her own bid. Each professorís reservation value for teachingthe course is his/her private information. It is common knowledge thattheir reservation values are independently and uniformly distributed over[0,100]. So if a professor with a reservation value of 50 wins witha bid of 60, his payoff is 60 - 50 = 10. Please answer part a). (a) Find a Bayesian Nash equilibrium of the bidding game.(b) Suppose the two professorsíreservation values are 60 and 70, respectively. What are their bids in the Bayesian Nash…arrow_forwardUsing the plurality-with-elimination method, who wins the election if candidate E is removed from the ballot?arrow_forwardAs preparation for designing a new line of business wear, a clothing manufacturer asked a large sample of department store customers, "What is your favorite color of dress shirt?" The pie chart below summarizes their responses. White Blue Black Grey Pink Other (a) Which color was chosen by approximately one-third of the customers? (b) Approximately what percentage of the customers chose Grey or Pink?Write your answer as a multiple of 10% - that is, 10%, 20%, 30%, ... % (c) If 18% of the customers chose White, approximately what percentage chose Other? 3% 6% 33% 54%arrow_forward
- Select the alternative hypothesisHa: Males and females will differ in the amount of money they have on them Ha: Males and females will not differ in the amount of money they have on themarrow_forwardUsing the HARE method, decides who wins in the following voting table: 5 4 3 2 1 1st A B C D D 2nd B C D A B 3rd D D A B C 4th C A B C Aarrow_forwardten percent of adults say oatmeal is their favorite cookie. You randomly select 12 adults and aks each to name his or her favorite cookie. find the probaility that the number who say oatmeal raisin is their favorite cookie is exactly four.arrow_forward
- The math club at college has 16 students - 10 males and 6 females. (a) The club wants to select a group of 4 students to take part in a math competition. In how many ways can they do it if at least two females are chosen? (give a nurmerical answer) (b) The club wants to elect a president, a vice president, a treasurer and a secretary for the class. In how many ways can they do that? (c) A local company has donated 32 identical pens to be distributed to the club members. In how many ways can they be distributed so that each student gets at least one pen, and the secretary of the club gets at least 4.arrow_forwardIn triathlons, it is common for racers to be placed into age and gender groups. Friends Leo and Mary both completed the Hermosa Beach Triathlon, where Leo competed in the Men, Ages, 30-34 groups while Mary competed in the Women, Ages 25-29 groups. Leo competed the race in 1:22:28 (4948 seconds), while Mary competed the race in 1:31:53 (5513 seconds). Obviously Leo finished faster, but they are curious about how they did within their respective groups. Can you help them? Here is some information on the performance of their groups: ● The finishing times of the Men, Ages 30-34 group has a mean of 4313 seconds with a standard deviation of 583 seconds. ● The finishing times of the Women, Ages, 25-29 groups has a mean of 5261 seconds with a standard deviation of 807 seconds. ●The distribution of finishing times for both groups are approximately Normal. Remember: a better performance corresponding to a faster finish. B) what are the z-scores for Leo's and Mary's finishing times? What do these…arrow_forwardIn triathlons, it is common for racers to be placed into age and gender groups. Friends Leo and Mary both completed the Hermosa Beach Triathlon, where Leo competed in the Men, Ages, 30-34 groups while Mary competed in the Women, Ages 25-29 groups. Leo competed the race in 1:22:28 (4948 seconds), while Mary competed the race in 1:31:53 (5513 seconds). Obviously Leo finished faster, but they are curious about how they did within their respective groups. Can you help them? Here is some information on the performance of their groups: ● The finishing times of the Men, Ages 30-34 group has a mean of 4313 seconds with a standard deviation of 583 seconds. ● The finishing times of the Women, Ages, 25-29 groups has a mean of 5261 seconds with a standard deviation of 807 seconds. ●The distribution of finishing times for both groups are approximately Normal. Remember: a better performance corresponding to a faster finish. A) what percent of the triathletes did Leo finish faster than in his group?…arrow_forward
- In triathlons, it is common for racers to be placed into age and gender groups. Friends Leo and Mary both completed the Hermosa Beach Triathlon, where Leo competed in the Men, Ages, 30-34 groups while Mary competed in the Women, Ages 25-29 groups. Leo competed the race in 1:22:28 (4948 seconds), while Mary competed the race in 1:31:53 (5513 seconds). Obviously Leo finished faster, but they are curious about how they did within their respective groups. Can you help them? Here is some information on the performance of their groups: ● The finishing times of the Men, Ages 30-34 group has a mean of 4313 seconds with a standard deviation of 583 seconds. ● The finishing times of the Women, Ages, 25-29 groups has a mean of 5261 seconds with a standard deviation of 807 seconds. ●The distribution of finishing times for both groups are approximately Normal. Remember: a better performance corresponding to a faster finish. A) Write down the short-hand for these two normal distributions. B) what are…arrow_forwardIn a cooking competition called Heaven's Kitchen, two teams compete against each other to serve a restaurant full of customers. The competitors cook dishes and send them to an executive chef, where it is either approved and sent to the customer, or is deemed unacceptable and sent back to the kitchen. The competition has run for the past 19 years. During the 9th annual Heaven's Kitchen competition, the Ruby team cooked a total of 124 dishes, of which 50 were sent back to the kitchen by the executive chef. In the same period, the competing Sapphire team cooked a total of 154 dishes and had 56 return. Construct a confidence interval to estimate the difference in the proportion of dishes sent back to the Ruby team and the proportion of dishes sent back to the Sapphire team. Use a confidence level of 93%. Round each answer to 4 decimal places. Do not round from one part to the next when performing the calculations, though. Find the confidence interval. <p1−p2<arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Hypothesis Testing - Solving Problems With Proportions; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=76VruarGn2Q;License: Standard YouTube License, CC-BY
Hypothesis Testing and Confidence Intervals (FRM Part 1 – Book 2 – Chapter 5); Author: Analystprep;https://www.youtube.com/watch?v=vth3yZIUlGQ;License: Standard YouTube License, CC-BY