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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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What is the fullform of <br> MD,GM<br>​
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2 years ago
An entrepreneur risks _______ in return for financial gain.
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5 0
3 years ago
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Galina-37 [17]

Answer:

The correct answer is D

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3 years ago
Shirley’s and Son have a debt-equity ratio of .60 and a tax rate of 35 percent. The firm does not issue preferred stock. The cos
ikadub [295]

Answer:

d. 8.2%

Explanation:

The computation of the WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of  common stock) × (cost of common stock)

where,  

Weighted of debt = Debt ÷ total firm

= (0.60 ÷ 1.60)

= 0.375

And, the weighted of common stock = (Common stock ÷ total firm)

                                                              = 1 ÷ 1.60

                                                              = 0.625  

The total firm is

= 0.60 + 1

= 1.60

Now put these values to the above formula  

So, the value would equal to

= (0.375 × 8%) × ( 1 - 35%) + (0.625 × 10%)

= 1.95% + 6.25%

= 8.20%

8 0
2 years ago
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