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
otez555 [7]
3 years ago
14

The amount of time that a drive-through bank teller spends on a customer is a random variable with a mean µ = 3.2 minutes and a

standard deviation σ = 1.6 minutes. if a random sample of 64 customers is observed, find the probability that their mean time at the teller’s window is:
a. at most 2.7 minutes.
b. more than 3.5 minutes.
c. at least 3.2 minutes but less than 3.4 minutes
Business
1 answer:
Nostrana [21]3 years ago
7 0
The general approach to answering this item is to determine first the z-score of the given data and convert the z-scores to percentile. The equation for z-score determination is,

        z-score = (X - μ) / σ

where X is the data, μ is the mean or average, and σ is the standard deviation.

(A)   at most 2.7 minutes
      z-score = (2.7 - 3.2) / 1.6 = -0.3125
This is equivalent to <em>37.73%</em>

(B) more than 3.5 minutes
     z-score = (3.5 - 3.2) / 1.6  = 0.1875
This is equivalent to 57.44%. We are asked for more than so we take,
      100 - 57.44% = <em>42.56%</em>

(C) z-score of 3.2 minutes
     z-score = (3.2 - 3.2) / 1.6 = 0
This is equivalent to 50%. 
     z-score of 3.4 minutes
    z-score = (3.4 - 3.2) / 1.6 = 0.125
This is equivalent to 54.97%
The difference of the two percentiles is <em>4.97%</em>. 
You might be interested in
Menlo Company distributes a single product. The company’s sales and expenses for last month follow: sales 616,000 net operating
DerKrebs [107]

Answer:

Explanation:

Giving the following information:

The company’s sales and expenses for last month follow: sales 616,000 net operating income 31,200

Break-even point= fixed costs/ contribution margin

Break-even point (dollars)= fixed costs/ contribution margin ratio

Contribution margin= selling price - unitary variable cost

Contribution margin ratio= contribution margin/ selling price

6 0
3 years ago
The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting th
hichkok12 [17]

Compounding is known as the act of leaving your money and other accumulated interest in an investment for more than one period.

<h3>How do you explain the word compounding?</h3>

Compounding is known to be the method used when an interest is credited to a specific existing principal amount  and also to interest already paid.

It is the act of letting go of one's money and other compiled interest in an investment for a long time.

learn more about Compounding  from

brainly.com/question/2449900?source=archive

5 0
1 year ago
Expensive department stores market service and atmosphere while less expensive stores market location and perceived lower prices
melisa1 [442]

Answer: Monopolistic competition

Explanation:

Monopolistic competition is described as a competition between firms where they offer similar services but not the same or exact services. This competition is seen in industries where differentiation is possible, example of such industries are restaurant, hairdressers, clothing, TV programs.

7 0
3 years ago
Which of these emotions is not a personal benefit of work?
Vesnalui [34]
I think is A because accomplishment is not a emotional thing.
6 0
3 years ago
Read 2 more answers
Which of these is NOT an assumption of the basic continuous review​ model?
VladimirAG [237]

Answer:

D. The order quantity is​ constant, regardless of the demand.

Explanation:

Basic Continuous Review Model relates to inventory stock management, where each time an inventory unit is added in or moved out the stock level is calculated again.

It do not assume that the order quantity is constant as it calculates inventory level after each order, there is no basic assumption as such.

The review model keeps on moving the stock and tries to maintain such level as by ordering the quantity sold, and it keeps on rotating, but there is no standard set for order quantity.

6 0
3 years ago
Other questions:
  • When a tax is levied on sellers of tea,a.the well-being of both sellers and buyers of tea is unaffected.b.sellers of tea are mad
    12·1 answer
  • The balance sheet of Hidden Valley Farms reports total assets of $450,000 and $550,000 at the beginning and end of the year, res
    11·1 answer
  • Jayda started a corporation that creates software products for clients. Which statement correctly reflects Jayda’s role in the c
    7·1 answer
  • Oriole Corp. is a fast-growing company whose management expects it to grow at a rate of 24 percent over the next two years and t
    6·1 answer
  • On time airways will pay you $456 for working two weeks at $12 per hour. how many hours will you work per week?
    10·1 answer
  • he following selected account balances appeared on the financial statements of Sanchez Company: Accounts Receivable, January 1 $
    10·1 answer
  • If Joanna is risk averse, then Group of answer choices her utility function exhibits the property of decreasing utility. her uti
    15·1 answer
  • You purchased XYZ stock at $50 per share. The stock is currently selling at $80. You expect the stock price to go up, but not 10
    11·1 answer
  • On January 1, 2019, Cullumber Company had $1,000,000 of common stock outstanding that was issued at par. It also had retained ea
    14·1 answer
  • Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!