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lys-0071 [83]
2 years ago
7

A random sample of 81 automobiles traveling on a section of an interstate showed an average speed of 60 mph. The distribution of

speeds of all cars on this section of highway is normally distributed, with a standard deviation of 13.5 mph. Refer to Exhibit A. If we are interested in determining an interval estimate for μ at 86.9% confidence, the z value to use is _____.
a. 1.96
b. 1.31
c. 1.51
d. 2.00
Business
1 answer:
rjkz [21]2 years ago
4 0

Answer:

so correct option is c. 1.51

Explanation:

given data

random sample n = 81

average speed x = 60 mph

standard deviation σ = 13.5 mph

interval estimate  μ =  86.9%

to find out

the value of the z

solution

we have given  μ =  86.9%

so we get here z critical value for the confidence level =  86.9 %

we will use here standard normal table

so z value for 86.9% is 1.51

so correct option is c. 1.51

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What strategy is a company using when it customizes its products, promotion, and distribution to fit cultural, technological, an
german
The answer is MULTINATIONAL STRATEGY.
5 0
2 years ago
Park Sung Inc. is a fictional South Korean manufacturer of refrigerators. The company produces at its manufacturing plant in Bus
Murrr4er [49]

Answer:

The answer for each requirement is given separately below.

Explanation:

What is the economic production quantity (EPQ)?

EPQ = ((Annual Requirement * setup cost *2)/Carrying cost per unit)^(1/2)

         = ((30,000 * 50 *2)/3^(1/2)

         = 1000 Units

a. What is the average inventory level for this optimum production quantity?

Average Inventory level = EPQ/2 = 500 units

b. How many production setups would there be in a year?

Production setups = Annual Usage /EPQ = 30 set ups

C. What is the optimal length of production run in days

length of production = Total Requirement/production per day

                                   = 30,000/275

                                   =110 days approx

d. What would be the savings in annual inventory Cost if setup costs can be reduced to US$40 per setup?

If set up cost reduce to $40  than EPQ = 895

So Set up cost = 30,000/ 895 * 40 = 1,360

Carrying cost = 883/2 *3                  = 1,325

Total Cost                                          = $ 2,685 -A

If set up cost  $50  than EPQ = 1000

So Set up cost = 30,000/ 1000 * 50   = 1,500

Carrying cost = 1000/2 *3                  = 1,500

Total Cost                                          = $ 3,000- B

Saving = B-A = 315 Dollars

4 0
3 years ago
Consumption consists of spending by households on goods and services, with the exception of a. purchases of intangible services.
Leona [35]

Answer:

C.

Explanation:

Different schools of economists define consumption differently.

-The process in which goods or services are used to satisfy economics leads.

-Consumption is known as direct or final consumption, when the goods satisfy human wants directly and immediately. The goods have reach their final destination.

-Consumption is also the value of all goods and services bought by households. Includes:

*durable goods. last a long time, e.g. cars, home appliances.

*nondurable goods. last a shot time, e.g. food, clothing.

*services. work done for consumers, e.g. dry cleaning, air travel, legal.

*also, rent is a payment for housing services.

But for GDP, when you bought a house, is considered investment.

4 0
3 years ago
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20
Evgesh-ka [11]

Answer: 2016 CPI is 110

Explanation:

Given the following :

Base year = 2012

Cost of basket in 2012 = $50

Cost of basket in 2014 = $52

Coat of basket in 2016 = $55

The Consumer Price Index (CPI) is calculated using the formula :

CPI = (weighted cost item in current period / weighted cost of item in base period) × 100

Base period / year = 2012

Current period = 2016

Therefore, 2016 CPI equals;

($55 / $50) × 100

= 110

8 0
3 years ago
we have 8 note books and 12 pencils in a group how many people can get notebooks and pencils if we divide each supply equally wi
notsponge [240]
I'm thinking 3 persons
7 0
2 years ago
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