The income statement illustrates that the net income will be $3530.
<h3>How to calculate the income statement?</h3>
The income statement will be:
<u>Revenue</u>
Consulting revenue 18350
<u>Expenses</u>
Miscellaneous expenses 720
Rent expense 4820
Salaries expense 8370
Telephone expenses 910
Total expenses 14820
Net income = 18350 - 14820 = 3530
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Answer:
1*1+4+5+3+6+3+2(6+3+4(+3+5(8+2+8+483+4+8+82+7-74-4-3
Answer:

Step-by-step explanation:
Given
Poisson Distribution;
Average rent in a week = 2.3
Required
Determine the probability of renting no more than 1 apartment
A Poisson distribution is given as;

Where y represents λ (average)
y = 2.3
<em>Probability of renting no more than 1 apartment = Probability of renting no apartment + Probability of renting 1 apartment</em>
<em />
Using probability notations;

Solving for P(X = 0) [substitute 0 for x and 2.3 for y]




Solving for P(X = 1) [substitute 1 for x and 2.3 for y]









Hence, the required probability is 0.331
Answer:
μ = 5.068 oz
Step-by-step explanation:
Normal distribution formula to use the table attached
Z = (x - μ)/σ
where μ is mean, σ is standard deviation, Z is on x-axis and x is a desired point.
98% of 6-oz. cups will not overflow means that the area below the curve is equal to 0.49; note that the curve is symmetrical respect zero, so, 98% of the cases relied between the interval (μ - some value) and (μ + some value)].
From table attached, area = 0.49 when Z = 2.33. From data, σ = 0.4 oz and x = 6 oz (maximum capacity of the cup). Isolating x from the formula gives
Z = (x - μ)/σ
2.33 = (6 - μ)/0.4
μ = 6 - 2.33*0.4
μ = 5.068
This means that with a mean of 5 oz and a standard deviation of 0.4 oz, the machine will discharge a maximum of 6 oz in the 98% of the cases.