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
If a taxpayer's pension or annuity includes contributions that were previously included in gross income, the taxpayer may genera
drek231 [11]
If some contributions to your pension or annuity plan were prior combined in gross income, you can omit the part of the distributions from income. You must know the tax-free part when the payments start. The tax-free part normally stays the same each year, even if the amount of the payment changes. Nevertheless, the whole amount of your pension or annuity that you can omit from your income is typically defined by your total cost.
3 0
3 years ago
The costs incurred before opening a business​
True [87]

The expenditure incurred prior to the incorporation of an enterprise is to be considered as a pre-incorporation capital expenditure. The expenditure incurred prior to the 'setting-up of business' is to be considered as a pre-operative capital expenditure.

8 0
2 years ago
At the beginning of the year, Glaser Company estimated the following: Assembly Department Testing Department Total Overhead $702
Arte-miy333 [17]

Answer:

Assebly rate: $ 9.12 per labor hour

Testing rate: $11.43 per machine hour

Explanation:

Assembly Department Testing Department Total

                               $702,000 $786,240 $1,488,240

Direct labor hours        77,000     95,480     172,480

Machine hours             95,500     68,760     164,260

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

<u><em>Assembly rate:</em></u>

702,000 / 77,000 = 9,11688

<u><em>Testing rate</em></u>

786,240 / 68,760 = 11,4347

4 0
3 years ago
The current interest rate on a savings account is 1.85%. The current inflation is 1.9%. What is the real dollar return on this a
kogti [31]
1.67 is the correct answer
8 0
3 years ago
Read 2 more answers
Harry runs a small catering business. He takes care of most business activities on his own with the help of a few staff members.
mafiozo [28]

Legal.

Harry should have consulted with a small business attorney when creating the contract and agreeing to the terms. Now that there is threat of a lawsuit, Harry should consult an attorney to figure out how to proceed.

7 0
3 years ago
Other questions:
  • Prime and Conversion Costs Identify the following costs as a prime cost (P), conversion cost (C), or both (B) for a magazine pub
    11·2 answers
  • Over one-third of female offenders are serving time for ________ offenses
    6·1 answer
  • What happens when a price floor is imposed above the equilibrium price of a good?
    12·1 answer
  • In order to raise revenue in the city of Hamlet, the city considered assessing a local tax on food served in restaurants. When f
    6·1 answer
  • Some colleges charge for student parking. Currently, your college does not charge for parking but the administration announced a
    15·1 answer
  • Which of these interaction is most consistent with the idea of networking? Select one:
    5·1 answer
  • The following information is available pertaining to Bonita Division, that uses a plant-wide overhead rate based on machine hour
    12·1 answer
  • Which of the following statements is TRUE? A. The longer you use credit responsibly, the higher your credit score will be. B. Pe
    9·2 answers
  • Fixed costs of production in the short run rev: 06_26_2018 Multiple Choice are a function of the level of variable costs. are lo
    13·1 answer
  • Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive comma
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!