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Advocard [28]
4 years ago
15

Suppose the manager agrees to pay each employee a​ $50 bonus if they meet a certain goal. on a typical​ saturday, the​ oil-chang

e facility will perform 45 oil changes between 10
a.m. and 12 p.m. treating this as a random​ sample, there would be a​ 10% chance of the mean​ oil-change time being at or below what​ value? this will be the goal established by the manager.
Business
1 answer:
djyliett [7]4 years ago
5 0

Answer:

There is a​ 10% chance of the mean​ oil-change time of 20.53 minutes

Explanation:

Given that:

There are 45 oil changes between 10 a.m. and 12 p.m. treating this as a random​ sample, n = 45 and  there would be a​ 10% chance of the mean​ oil-change time, therefore P = 10% = 0.1

A probability of 0.1 gives a corresponding z score of -1.28, this is gotten from the z table. z = -1.28

z score (z) = (x - mean) / (standard deviation / √n)

Let us assume mean = 21.2 minutes and standard deviation = 3.5 minutes. substituting values:

-1.28 = (x - 21.2)/(3.5 ÷ √45)

-1.28 = (x - 21.2) / 0.522

x - 21.2 = -0.6678

x = 21.2 - 0.6678 = 20.53

x = 20.53

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You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. You expect that
DIA [1.3K]

Answer:

PV=$10,593,984.88

Explanation:

This cash-flow described represents a growing annuity.

Present value of a growing ordinary annuity is calculated as follows:

PV=\frac{P}{i-g}*[1-[\frac{1+g}{1+i}]^n]

where P = the annuity payment in the first period

           i = interest rate per period that would be compounded for each period

          g = growth rate

          n = number of payment periods

from the question. P= $1,000,000; i=0.1; g= 0.04;n=18

PV=\frac{1,000,000}{0.1-0.4}*[1-[\frac{1+0.04}{1+0.1}]^1^8] =  $10,593,984.88

5 0
3 years ago
You want to invest an amount of money today and receive back twice that amount in the future. You expect to earn 9 percent inter
Virty [35]

Answer:

The answer is 8 years

Explanation:

FV= PV(1+r)^n

Where

PV= let's assume PV is $100

FV = Since FV will be doubled, the we have $200($100 x 2)

n= ?

r= 9percent

Let us use the rule of 72 which states that an investment will double when:

Annual Investment Rate x Number of Years = 72.

Number of years = 72/9

= 8 years

The investment is doubled in 8 years at the rate of 9percent

5 0
3 years ago
Symbic Foods, a chain of fast food restaurants, has included a drop-down menu on its main Web site. With this drop-down menu, pe
zvonat [6]

Answer:

localization of a Web site.

Explanation:

When a web site of a company is localised, it provides information. To users that is relevant to their locality. The access to local information about the business helps to drive sales at local stores of the business

In this instance localisation of the website is done by including a drop-down menu on its main Web site. With this drop-down menu, people can view their country-specific Web site, which contains information about the dishes that Symbic Foods serves in that country.

5 0
3 years ago
How can verbal and nonverbal contradict each other
atroni [7]
It can send mixed messages.
3 0
4 years ago
Why is gossiping at the workplace unprofessional?
Amanda [17]
Gossiping at the workplace is unprofessional because it is passing rumors about other employes or other people maybe even your boss.
6 0
4 years ago
Read 2 more answers
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