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# QUESTION 15 Blossom's Flowers purchases roses for sale for Valentine's Day. The roses are purchased for \$10 a dozen and are sold for \$20 a dozen. Any...

QUESTION 15Blossom’s Flowers purchases roses for sale for Valentine’s Day. The roses are purchased for \$10 a dozen and are sold for \$20 a dozen. Any roses not sold on Valentine’s Day can be sold for \$5 per dozen. The owner will purchase 1 of 3 amounts of roses for Valentine’s Day: 100, 200, or 400 dozen roses. The opportunity loss for buying 200 dozen roses and selling 100 dozen roses at the full price is\$1,000\$500–\$500–\$2,000The following information refers to the next question:A manufacturer of power tools claims that the average amount of time required to assemble their top-of-the-line table saw is fifty (50) minutes with a standard deviation of forty (40) minutes (the very large standard deviation is due to a variety of factors including a large variation in skills amongst the ‘Do it yourself’ home handyman which is traditionally one of the companies customer base). Suppose a random sample of 64 purchasers of this table saw is taken.QUESTION 23What is the probability that the sample mean will be more than 46 minutes __________?The following information refers to the next four questions:An insurance company wishes to examine the relationship between income (in \$,000) and the amount of life insurance (in \$,000) held by families. The company drew a simple random sample of families and obtained the following results:Family