For the answer to the question above asking what is Richard’s monthly net income if <span>Richard receives a paycheck twice each month. Here’s a copy of one of his pay statements. If there are 2 paydays per month?
The answer for this is first solved for his Net Pay then you can multiply it by two so that you can get his monthly net income.</span>
C) 250 is the right answer
<u>Answer:</u>
$50 and $115
<u>Step-by-step explanation:</u>
We know that,
the sum of the two rates = $165 per hour
Let x and (165 - x) represent the $/hour of the 15hr and 5hr mechanics respectively.
Then combining their charges together to get:
Solving for x to get:
So the rate charged per hour by one mechanic is $50 and for the other mechanic = 
$115.
Answer:
a) <u>0.4647</u>
b) <u>24.6 secs</u>
Step-by-step explanation:
Let T be interval between two successive barges
t(t) = λe^λt where t > 0
The mean of the exponential
E(T) = 1/λ
E(T) = 8
1/λ = 8
λ = 1/8
∴ t(t) = 1/8×e^-t/8 [ t > 0]
Now the probability we need
p[T<5] = ₀∫⁵ t(t) dt
=₀∫⁵ 1/8×e^-t/8 dt
= 1/8 ₀∫⁵ e^-t/8 dt
= 1/8 [ (e^-t/8) / -1/8 ]₀⁵
= - [ e^-t/8]₀⁵
= - [ e^-5/8 - 1 ]
= 1 - e^-5/8 = <u>0.4647</u>
Therefore the probability that the time interval between two successive barges is less than 5 minutes is <u>0.4647</u>
<u></u>
b)
Now we find t such that;
p[T>t] = 0.95
so
t_∫¹⁰ t(x) dx = 0.95
t_∫¹⁰ 1/8×e^-x/8 = 0.95
1/8 t_∫¹⁰ e^-x/8 dx = 0.95
1/8 [( e^-x/8 ) / - 1/8 ]¹⁰_t = 0.95
- [ e^-x/8]¹⁰_t = 0.96
- [ 0 - e^-t/8 ] = 0.95
e^-t/8 = 0.95
take log of both sides
log (e^-t/8) = log (0.95)
-t/8 = In(0.95)
-t/8 = -0.0513
t = 8 × 0.0513
t = 0.4104 (min)
so we convert to seconds
t = 0.4104 × 60
t = <u>24.6 secs</u>
Therefore the time interval t such that we can be 95% sure that the time interval between two successive barges will be greater than t is <u>24.6 secs</u>
Answer:
84.78
Step-by-step explanation:
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