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Sliva [168]
3 years ago
9

Jessica Salas, president of Salas Products, is reviewing the warranty policy for her company's new model of automobile batteries

. Life tests performed on a sample of 100 batteries indicated: (1) an average life of 75 months, (2) a standard deviation of 5 months, and (3) battery life is approximately normally distributed. Approximately 95% of the batteries will last between:______
a. 70 and 80 months
b. 60 and 90 months
c. 65 and 85 months
d. 55 and 95 months
Business
1 answer:
frez [133]3 years ago
3 0

Answer:

c. 65 and 85 months

Explanation:

Life tests performed on a sample of 100 batteries indicated:

(1) an average life of 75 months,

(2) a standard deviation of 5 months, and

(3) battery life is approximately normally distributed.

We create a 95% CI around mean.

If 95% is in the middle, then 5% is in the ends, 2.5% in each end.

Z score at .025 is -1.96, z score at .975 is +1.96

To convert z to battery life:

Z*sd + mean = battery life

-1.96*5 + 75 = 65.2, rounds to 65

+1.96*5 + 75 = 84.8, rounds to 85

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The functions of the International monetary system in the financial and finance structure have been to help developing international locations address a variety of economic and financial crises / create an orderly worldwide financial gadget/assist participants with the stability of bills troubles on a short-term basis

The worldwide financial Fund (IMF) works to attain sustainable growth and prosperity for all its one hundred ninety member nations. The IMF was mounted in 1944 in the aftermath of the great despair of the Nineteen Thirties. 44 founding member international locations sought to construct a framework for global economic cooperation. nowadays, its membership embraces one hundred ninety international locations, with a workforce drawn from 150 nations.

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8 0
1 year ago
The yield to maturity is always equal to the interest payment of a bond. <br> a. True <br> b. False
ella [17]
A. True, Yield to Maturity or called YTM is a measure of your annualized return if a bond, or all the bonds in a fund, are held to maturity.
3 0
3 years ago
On November 1, 2019, a firm accepted a 5-month, 10 percent note for $1,080 from a customer with an overdue balance. The accrued
stiks02 [169]

Answer: $18

Explanation:

From the question, we are informed that On November 1, 2019, a firm accepted a 5-month, 10 percent note for $1,080 from a customer with an overdue balance.

The accrued interest recorded for this note for the year ended December 31, 2019 goes thus:

The value of notes receivable is $1080, then the interest for 5 months will be:

= ($1080 × 10% ×5)/100 × 12

= $54000/1200

= $45

We are further told that the interest accrued from November 1, 2019 to December 31, 2019. This means that it was for 2 months. The accrued interest will now be:

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3 years ago
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Answer: Expatriate, third country national.

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International workers are most times referred to as expatriates. Expatriates are people who live and work in a country which is not their country of origin.

A third country national is an individual living in a country foreign to his, and applying for a visa to migrate to another foreign country. A third country can also fill in the category of an international worker.

6 0
3 years ago
If a business is in need of working capital, one option is to use a(n) ________ that will buy the company's account receivables
nekit [7.7K]

Answer:

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A factor company is a finance company that specializes in purchasing company's accounts receivable,then goes ahead to collect the balances from the customers for a fee.

A factor company sometimes does this with a recourse to the company whose receivable has been factored or without a recourse.

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