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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>. 
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zmey [24]

Answer:

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Explanation:

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6 0
2 years ago
The Michael Miller Corporation has a sales budget for next month of $200,000. Cost of goods sold is expected to be $125,000. All
frutty [35]

Answer:

the  inventory to be purchased next month is $123,000

Explanation:

The computation of the inventory to be purchased next month is shown below:

= Cost of goods sold + closing inventory - opening inventory

= $125,000 + $6,000 - $8,000

= $123,000

hence, the  inventory to be purchased next month is $123,000

We simply applied the above formula so that the purchase value of the inventory could come  

3 0
3 years ago
It’s the year 2150, and the human race has established a new country on Mars. After a dispute about water rationing, a war begin
Ksivusya [100]

Answer:

Executive order

Explanation:

Executive order - it is referred to order that can only be issued by the president of the United States to the executive body of the state.

it is Refer to official order directly issued by the president to prevent or allow doing something.  

As it is mentioned in the information in the given question, in 2150, when people are having a war for water on the new country of Mars, then president of America issued an executive order to notify every executive body not to sell any good and service to a new country of mars

8 0
3 years ago
Assume that Jack and Hal and Sophia enter into an agreement for the sale of the restaurant. Hal and Sophia get a loan from the F
QveST [7]

Answer:

The best answer would be C. Fourth National Bank made an assignment.

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6 0
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If you hold a $100 U.S. Treasury Bill, this means: (Select all that apply) Helpful Hint: There are 2 correct answers. The U.S. g
egoroff_w [7]

The U.S. government owes you $100.

Option 1 is correct .

Treasury Bills:

Treasury bills, or T-bills, have the shortest terms of all and are issued with maturity dates of four, eight, 13, 26, and 52 weeks.

Treasury Bill Characteristics:

Unlike Treasury bonds and notes, T-bills do not pay periodic interest payments to investors. Instead, Treasury bills are auctioned off to investors at a discount to their face value. The investor's return is the difference between the face value and the discount price paid at purchase.

How Do You Cash a Treasury Bond?

For Treasury bonds held with a bank or broker, consult the institution to redeem them.

For Treasury bonds in Treasury Direct (electronically), investors don't need to take any action since the bond will be cashed out at maturity and deposited into your account as long as you supply your bank information to Treasury Direct.

Treasury Bonds :

Treasury bonds, called T-bonds for short, are often referred to as long bonds because they take the longest to mature of the government-issued securities. Treasury bonds are offered to investors in terms of 20 and 30 years to maturity.

Learn more about Treasury bills :

brainly.com/question/14604863

#SPJ4

7 0
1 year ago
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