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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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Answer:

it would increase

Explanation:

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3 years ago
your company is trying to decide between two alternatives,truck a is relatively cheap truck cost $100000 and has 6 years life du
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Answer:

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3 years ago
Which one of the following statements on the remuneration of the factors of production is true?
nordsb [41]

Answer: The remuneration for natural resources is rent, as natural resources consist of all gifts of nature

Explanation:

Factors of production consists of the resources that are used to production to take place. They include land, labor, capital and the enterprise.

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The remuneration for labor is wages and salaries. The remuneration for capital is interest while the remuneration for entrepreneur is profit.

6 0
3 years ago
The larger the coefficient of price elasticity of demand for a product, the: larger the resulting price change for an increase i
patriot [66]

Answer:

The correct answer is smaller the resulting price change for increase or rise in supply.

Explanation:

Coefficient of price elasticity is the one which is defined as measuring or evaluating the elasticity of price of the demand in coefficient. In retaliation to the change or variation in the price, demand for the product could be inelastic, elastic, perfectly inelastic or the perfectly elastic grounded on the coefficient.

When the coefficient of price elasticity of demand for the product is larger, then it will result in the smaller price change for the rise or increase in the supply.

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3 years ago
Food production facilities like the three Graeter's factories must comply with strict regulations to ensure purity and safety. W
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The types of teams that Graeter might use in these facilities include a food quality team, a production team, and a logistics team.

<h3>What are the most important processes of food production?</h3>

The most important processes of food production include quality controls, which are fundamental to ensure safe foods, and also teams associated with the production, which ensure a suitable production to obtain benefits.

Moreover, the logistic team is also fundamental in food production because it ensures the correct movement of packaged food to the final destination.

In conclusion, the types of teams that Graeter might use in these facilities include a food quality team to control the quality of foods, a production team to ensure the required amount of food products on a daily basis, and a logistics team to ensure the transport of foods to corresponding market centers

Learn more about food production here:

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3 0
1 year ago
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