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DedPeter [7]
3 years ago
5

The Bank of america trends in Consumer Mobility Report indicates that in a typical day, 51% of users of mobile phones use their

phone at least once per hour, 26% use their phone a few times per day, 8% use their phone morning and evening, and 13% hardly ever use their phones. The remaining 2% indicated that they did not know how often they used their mobile phone (USa today, July 7, 2014). Consider a sample of 150 mobile phone users. A. What is the probability that at least 70 use their phone at least once per hour? B. What is the probability that at least 75 but less than 80 use their phone at least once per hour? C. What is the probability that less than 5 of the 150 phone users do not know how often they use their phone?

Business
1 answer:
Vaselesa [24]3 years ago
6 0

<u>Solution and Explanation:</u>

a)  51% of users of mobile phones use their phone at least once per hour,

It is a binomial distribution with n = 150, p = 0.51

mean = np = 150 multiply with 0.51 = 76.5

SD= sqrt(np(1-p) )= 6.1225

Since np and n(1-p) > 5, we can assume the distribution is normal.

B) please see the attached file.

c)  It is a binomial distribution with n = 150, p = 0.02

mean = np = 150*0.02 = 3

SD= sqrt(np(1-p) )= 1.71464

Since np < 5, we cannot assume the distribution is normal.

 

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zhannawk [14.2K]

Answer:

$4,000

Explanation:

The operating activities records daily activities of a business entity transactions such as depreciation expense, loss or profit on sale of long term assets, change in working capital etc.

With regards to the above scenario, there is a loss of $4,000 on the sale of equipment whilst same was recorded under the operating activity section as positive.

It is to be noted that the sale and equipment of an equipment falls under investing activity section hence shod be recorded therein as such, reason it was not considered here.

6 0
3 years ago
Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:
True [87]

Answer:

Overheads cost allocated to Mossman Job  = $449

Explanation:

We have been provided the cost of each activity and their respective drivers.

There are three activities

Supervision of Direct Labor = $304,000 for 760,000 labor hours

Machine Maintenance = $153,600 for 960,000 hours

Facility rent = $165,000 for 110,000 square feet

Activities of Mossman Job and respective costs will be as follows:

Supervision of Direct Labor = $304,000/760,000 X 260 labor hours = $104

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6 0
2 years ago
You are considering a stock investment in one of two firms (Lots of Debt, Inc. and Lots of Equity, Inc.), both of which operate
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Answer:

Debt Ratio = Total Debt Total/ Assets

Equity Multiplier = Assets/Equity

<h2>Lots of Debt</h2>

Debt Ratio

= 32.5/34.25

= 0.95

Equity Multiplier

= 34.25/2

= 17.13

<h2>Lots of Equity </h2>

Debt Ratio

= 2/34.25

= 0.06

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3 years ago
Suppose the U.S. Treasury offers to sell you a bond for $687.25. No payments will be made until the bond matures 5 years from no
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Answer:

6%

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Data provided as per question is as given below:-

Redeemed amount = $1,000

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Interest rate = (Redeemed amount ÷ Sale value of bond) ^ (1 ÷ Number of Year) - 1

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2 years ago
Which of the following is the BEST reason to use cash for making purchases?
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C.

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3 years ago
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