Answer:
The manufacturer should announce a guaranteed mileage of 44528 miles
Explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean 
and standard deviation 
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
What guaranteed mileage should the manufacturer announce
Only until the 5th percentile will have to be replaced, which is the value of X when Z has a pvalue of 0.05. So it is X when Z = -1.645.
The manufacturer should announce a guaranteed mileage of 44528 miles
True. A monopolist does not face the same constraints as an open or free market but instead is bounded by the consumers' demand for its products. Therefore, the firm's decision about how much to supply is directly related to its demand curve because they can produce as much or as little as the consumes demand.
-2.99% was the greatest percentage loss in total portfolio.
Subtract the purchase price from the current price and divide the result by the asset's purchase prices to determine the net gain or loss in the portfolio. The above method can be modified to determine a portfolio's percentage return. You will base your calculations on the overall value of your portfolio rather than the stock's acquisition price and market value.
A stock portfolio is a selection of equities you purchase in the anticipation of a profit. You can become a more robust investor by assembling a varied portfolio that spans several industries.
To learn more about portfolio refer here:
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Complete Question:
You'll now need to do some math to compute the percentage change in the value of your total portfolio. For each monthly statement, add up the value of the two funds to get your total portfolio value at the end of that month. Compute the month to month percentage change of the value of your portfolio by subtracting the beginning value from the ending value and then dividing it by the beginning value . What was the greatest percentage loss in your total portfolio?
Answer:
$2,000
Explanation:
Use the format
Jansen Company’s
Bank reconciliation as of May 31, 2013.
Balance as per Bank Statement
Add Outstanding Checks
Less Unpresented Checks
Balance as per Cash Book
Answer:
2.33 ; demand for movies is elastic
Explanation:
The computation of the price elasticity of demand is presented below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded is
= Q2 - Q1
= 30 - 15
= 15
And, an average of quantity demanded is
= (30 + 15) ÷ 2
= 22.50
Change in price would be
= P2 - P1
= $8 - $6
= $2
And, the average of price is
= ($8 + $6) ÷ 2
= 7
So, after solving this, the price elasticity of demand is 2.33
Since it is not given by which method we have to calculate it. So, we use the mid point formula.
Based on the above calculation, we concluded that the demand for movies is elastic
