Answer:
$ 74.23
Explanation:
We are given the following:
mean, μ = $ 104.50
standard deviation, σ = $ 23.62
Using the z-score table, we have
P(Z < z) = 10% (since we are evaluating lowest 10% of values)
hence P(Z < z) = 0.10
P(Z < -1.282 ) = 0.10
z = -1.282 (this evaluates to 0.1 on the z-score table)
Using z-score formula,
x = z *σ + μ
substituting the values,
x =- - 1.282 * 23.62 + 104.50
= 74.23
The most for the stock is $ 74.23
Answer:
The president of Riggs has missed something.
She should make the Sail instead of buying because its cheaper to manufacture than purchasing it outside.
Explanation:
<u>Cost of Manufacturing the Sails:</u>
Direct materials $93
Direct Labor $83
Total $173
The president of Riggs has included the $90 overhead based on $78,000 of annual fixed overhead that is allocated using normal capacity in the cost of manufacturing the sail which is incorrect.
Riggs Company is operating at 80 % of full capacity, hence utelizing the 20% excess capacity would not expand its fixed costs.
Thus said the current fixed cost are irrelevent for this decison and would be incurred whether or not Riggs Company utilizes the excess capacity
<u>Conclusion:</u>
The cost of making the sail is $173 which is lower than the cost of buying them at $ 258.
I would advise The president of Riggs to make the sail by utilizing the excess capacity since its cheaper than purchasing it outside.
Moral entrepreneurs people who wage moral crusades to control criminal law so that it reflects their own personal values. Criminals are driven by unconscious thought patterns, developed in early childhood, that control <span>behaviors over the life course.</span>
Electronic Profiling is your answer. I hope I helped:)
