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Bingel [31]
3 years ago
5

A manuscript is sent to a typing firm consisting of typists A, B and C. If it is typed by A, then the number of errors made is a

Poisson random variable with mean 2.6; if typed by B then the number of errors made is a Poisson random variable with mean 3; and if typed by C then it is a Poisson random variable with mean 3.4. Let X denote the number of errors in the manuscript. Assume that each typist is equally likely to do the work. (a) Find E(X) (b) Find Var(X)
Business
1 answer:
spin [16.1K]3 years ago
8 0

Answer:

(a) E(X) = 3

(b) Var(X) = 12.1067

Explanation:

(a) E[X]

E[X]T = E[X]T=A + E[X]T=B + E[X]T=C

         = (2.6 + 3 + 3.4)/3

         = 2.6 (1/3) + 3(1/3) + 3.4(1/3)

         = 2.6/3 + 1 + 3.4/3

         = 3

(b) Var (X) = E[X²]−(E[X])²

Recall that if Y ∼ Pois(λ), then E[Y 2] = λ+λ2. This implies that

E[X²] = [(2.6 + 2.6²) + (3 + 3²) + (3.4 + 3.4²)]/3

         = (9.36 + 12 + 14.96)/3

         = 36.32/3

         = 12.1067

Var(X) = E[X²]−(E[X])²

          = 12 - 3²

          = 12.1067 - 9

          = 3.1067

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Answer:

Equivalent units = 270,000

Explanation:

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.</em>

Completed Units= total units in process during April - Closing WIP

                            = 280,000 - 25,000 = 255,000

Note that the description 'total units in process in during April', implies that the opening inventory is inclusive in the figure of 280,000.

Equivalent units = degree of completion(%) × units

Item                                                                                       Equivalent units

Completed units                255,000   255,000× 100%  = 255,000

Closing work in progress    25,000    25,000× 60%     =  <u>15,000</u>

Total equivalent units                                                           <u>270,000 </u>

Equivalent units = 270,000

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Pepper Corporation owns 75 percent of Salt Company's voting shares. During 20X8, Pepper produced 50,000 chairs at a cost of $79
muminat

Answer:

Please see below

Explanation:

Given that:

Number of chairs sold = 35,000

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The cost of goods sold that must be eliminated from the consolidated

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Inventory at the end of the year was inadvertently overstated. Which of the following statements correctly states the effect of
jasenka [17]

Answer:

B net income is overstated, assets are overstated, and stockholders' equity is overstated

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The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as

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