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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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Equipment that cost $660,000 and has accumulated depreciation of $300,000 is exchanged for equipment with a fair value of $480,0
amid [387]

Answer:

$240,000          

Explanation:

The computation of the gain to be recognized is shown below:

= Total Exchange value - net value

where,

Total exchange value equals to

= Fair value of equipment + cash received

= $480,000 + $120,000

=$600,000

And, the net value would be

= Estimated cost - accumulated depreciation

= $660,000 - $300,000

= $360,000

ow put these values to the above formula

So, the value would be equal to

= $600,000 - $360,000

= $240,000

7 0
3 years ago
Pompeii, Inc., has sales of $54,500, costs of $24,800, depreciation expense of $2,700, and interest expense of $2,450. If the ta
inysia [295]

the interest equals 47009 because the numbers added together

6 0
2 years ago
Consider the following: Lumber Revenues, $120,000; Hardware Revenues, $90,000; Cost of Sales, $130,000; All other costs and expe
ANEK [815]

Answer:

19.05%

Explanation:

Data provided in the question:

Lumber Revenues = $120,000

Hardware Revenues = $90,000

Cost of Sales = $130,000

All other costs and expenses = $35,000

Investment Income = $8,000

Income Tax Expense = $13,000

Net Income = $40,000

Now,

The net profit margin = [( Net income) ÷ (Total revenue ) ] × 100%

or

The net profit margin = [ $40,000 ÷ ( $120,000 + $90,000 ) ] × 100%

or

The net profit margin = [ $40,000 ÷ $210,000 ] × 100%

or

The net profit margin = 0.1905 × 100%

or

The net profit margin = 19.05%

5 0
2 years ago
Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the following units to be sold in the first three mont
rewona [7]

Answer:

The sales budget is prepared below. See table below.

Explanation:

<em>A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:</em>

Sales budget

Month        Units                 Revenue($)

January      41,000                1,435,000

February      38,000             1,330,000

March          50,000              1<u>,750,000</u>

                                               <u>4,515,000</u>

Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35

6 0
3 years ago
Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4. Before l
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<u>Solution and Explanation:</u>

The total amount of cash available for safe payments would be $25,000 (90,000 - 60,000 - 5,000). This amount will be distributed between Henry and Jacobs in the ratio of 6:4 meaning that $15,000 (25,000*60%) will be given to Henry and $10,000 (25,000*40%) will be given to Jacobs.

The value of $120,000 will be distributed to the partners as follows:

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Equity                           80,000                 110,000           140,000

Less Loss on Assets  36,000                  72,000              72,000

Liquidation Expenses  1,000                      2,000          2,000

Balances                   43,000                   36,000          66,000

Less Distribution

of Safe Payments to Partners 15,000                  0             10,000

Net Balances                    $28,000  $36,000  $56,000

4 0
3 years ago
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