1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mario62 [17]
2 years ago
7

Demand per hour for gasoline at a local station is normally distributed with a mean of 875 gallons and std deviation of 55 gallo

ns. What is the probability that demand is greater than 1800 gallons over a 2-hour period
Business
1 answer:
marusya05 [52]2 years ago
5 0

The probability that demand is greater than 1800 gallons over a 2 hour period is : 0.5

<u>Given data :</u>

Mean value of gasoline per hour = 875 gallons

Standard deviation = 55 gallons

<h3>Determine the probability of demand being greater than 1800 gallons over 2 hours </h3>

Demand for gas in 1 hour = X₁

Demand for gas in 2 hours = X₁ + X₂

Therefore ; ( X₁ + X₂) ~ N ( u₁+u₂, sd₁² + sd₂² )

In order to  calculate probabilities for normals apply the equation below

Z = ( X- u ) / sd

where : u = 1800, sd = √ ( 55² + 55² ) = 77.78

using the z-table

P( Y > 1800) = P( Z > ( 1800 - 1800 ) / 77.78)

                    = P( Z>0 ) = 0.5

Hence we can conclude that The probability that demand is greater than 1800 gallons over a 2 hour period is : 0.5.

Learn more about probability : brainly.com/question/24756209

#SPJ1

You might be interested in
hedging, or reducing risk, is the same as adding value or return to the firm. group of answer choices true false
pychu [463]

false Hedging, or lowering risk, is the same as increasing the firm's value or return.

<h3>How might currency risk be reduced through hedging?</h3>

hedging to reduce the risk of currency loss. Foreign exchange risk is an unavoidable reality for businesses doing business in other countries, although hedging can help reduce the risk. By taking a contrary position in a comparable asset, the hedging technique seeks to reduce risks associated with financial assets.

<h3>What does hedge mean?</h3>

A approach for reducing the risks associated with financial assets is hedging. It uses market tactics or financial instruments to reduce the risk of any unfavorable price changes. To put it another way, investors use a trade in another investment to protect one investment.

To know more about hedging, or reducing risk, visit:-

brainly.com/question/21600180

#SPJ4

4 0
11 months ago
Reynold's Company has a product with fixed costs of $309,000, a unit selling price of $24, and unit variable costs of $21. The b
Serhud [2]

Answer:

The answer is 51,500 units

Explanation:

Break-even sales is a point in which a business or a firm neither make profit nor loss. Total Revenue equals total cost. Break-even sales help to know the point at which business starts to make profit.

Break-even sales is:

Fixed cost/contribution margin.

Where contribution margin is sales price per unit minus variable cost per unit.

In the question, variable cost are decreased by $3.

So the new variable cost is $21 - $3

=$18.

Contribution margin is $24 -$18

$6

Therefore, The break-even sales (units) if the variable costs are decreased by $3 is:

$309,000/$6

=51,500 units

3 0
3 years ago
On his way home from work, Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his
Anika [276]

Answer:

Neighbourhood centre

Explanation:

A neighbourhood centre is a place where local local residents have access to a wide range of services. People gather for group activities, social support, public information and so on.

Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his suit. He did not have to move his car because next door was a gift shop where he could pick up a gift for his niece. Conveniently enough, next door to that store was a supermarket, where he purchased essentials like milk and cornflake cereal.

Phil is at a neighbourhood centre where wide variety of services are provided locally.

7 0
3 years ago
Read 2 more answers
Chapter 11: Sport Sponsorship
Jet001 [13]

There are different kinds of activities.  The process of undertaking activities to enhance and service a sponsorship once a sponsorship deal has been agreed to

<h3>What are sponsorship activities?</h3>

Sponsorships are is known to be the financial or also called an in-kind support of any kind of activities.

Businesses often sponsor things such as events, trade shows, groups, etc. so that they can reach also their business goals and boast their competitive advantage.

Learn more about  sponsorship activities from

brainly.com/question/9433922

6 0
1 year ago
When incorporating, a business
DedPeter [7]

Answer:

May incorporate in any state it chooses.

Explanation:

Incorporation can be defined as the creation of a new business which will have equal rights as that of an individual.

The different steps for incorporation include:

- Proper documentation of the reports of incorporation.

- Choosing a suitable name for the business.

- Documenting the various operational agreements.

- Appointing managers to supervise the daily activities.

- Getting a federal employment identification number.

- Opening accounts for keeping the revenues that will be generated by the company.

- Employing diffetents workers to carry out various activities in the company.

5 0
2 years ago
Other questions:
  • In the united states about ________ of all jobs are in consumer services.
    10·1 answer
  • Blossom Co. has a capital structure, based on current market values, that consists of 30 percent debt, 3 percent preferred stock
    5·1 answer
  • You want to purchase a new car in 88 years and expect the car to cost ​$58 comma 00058,000. Your bank offers a plan with a guara
    6·2 answers
  • In two to three sentences, describe how making minimum payments on credit card balances increases the total cost.
    9·1 answer
  • During a decline in the economy, a limited number of jobs will motivate a growing number of ______ to start new businesses.
    14·1 answer
  • Use the following financial statement information as of the end of each year to answer this question. 2017 2016 Inventory $54,00
    7·1 answer
  • The Cockrell Company learned that several other shippers in its hometown had customers located in the same market it serves.
    11·1 answer
  • Allowance Method of Accounting for Bad Debts— Comparison of the Two Approaches. Kandel Company had the following data available
    11·1 answer
  • Christian is 33 years old, has been renting for the past five years, and is now thinking about purchasing a home by applying for
    13·1 answer
  • How does specialization play a role at the bookstore?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!