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GrogVix [38]
3 years ago
8

A major U.S. automaker has determined that the city mileage for one of its new SUV models is normally distributed with a mean eq

ual to 15.2 mpg. A report issued by the company indicated that 22 percent of the SUV model vehicles will get more than 17 mpg in the city. Given this information, what is the city mileage standard deviation for this SUV model?
Business
1 answer:
g100num [7]3 years ago
3 0

Answer:

city mileage standard deviation for this SUV model is 2.34 mpg

Explanation:

given data

mean = 15.2 mpg

company indicated SUV more than 17 mpg  = 22 %

to find out

city mileage standard deviation

solution

we know here that

P(Z > 0.77) is = 0.22

so here z is

z = 0.77

and

we use here z-score formula that is

mean x = z × \sigma + \mu   ................1

so

\sigma = ( x - \mu ) ÷ z   ................2

put here value and we get

\sigma = \frac{17-15.2}{0.77}  

\sigma = 2.34

so city mileage standard deviation for this SUV model is 2.34 mpg

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Answer:

Option E

Explanation:

Absolute advantage means that with the same input one country is able to produce more goods and services as compared to the other.

As we can see, Germany is able to produce 40 tons of steel with the same inputs as that of South Korea.

In the same way, Germany is able to produce 10 personal computers with the same inputs as that of South Korea.

Hence, Germany has an absolute advantage in the production of both steel and PCs

Option E is correct

4 0
3 years ago
The Dabble Corporation wants to begin exporting its products. The company needs advice about how to get started, as well as trad
Nana76 [90]

Answer:

Export Assistance Cente

Explanation:

Each U.S. Export Assistance Center is staffed by professionals from the SBA, the U.S. Department of Commerce, the U.S. Export-Import Bank, and other public and private organizations. Together, their mission is to provide the help you need to compete in today's global marketplace. Your local U.S. Export Assistance Center is your one-stop shop, designed to provide export assistance for your small- or medium-sized business.

7 0
3 years ago
The IMF projects that​ China's real GDP per person will be​ 57,163 yuan in 2017 and​ 60,334 yuan in 2018 and that​ India's real
erica [24]

Answer: India / 11.1years

Explanation:

Per capita income (PCI) or average income measures or calculate the average income earned per person in a given place (country,city, region etc.) in a particular year. It can be calculated by dividing the area's total income or wealth by its total number of population.

India's GDP will increase or double than that of China's, because is has a larger income than that of China.

5 0
3 years ago
Calculate the current price of a $1,000 par value bond that has a coupon rate of 6 percent, pays coupon interest annually, has 2
Dovator [93]

Answer: $413.81

Explanation:

Price of a bond = Present value of coupon payments + Present value of face value

Coupon is a constant payment so is an annuity.

Coupon = 6% * 1,000 = $60

Price of bond = Present value of annuity + Present value of face value

= (Coupon * Present value interest factor of annuity (PVIFA), 27 periods, 15%) + (Face value / (1 + rate) ^ number of periods)

= (60 * 6.514) + (1,000 / (1 + 15%)²⁷

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8 0
3 years ago
Consider the following financial statement for Heir Jordan Corporation. HEIR JORDAN CORPORATION Income Statement Sales $ 48,500
sp2606 [1]

Answer:

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................<u>41,400</u>

Taxable income $ 14,000...............<u>16,800</u>

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................<u>10,920</u>

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Explanation:

Consider the following financial statement for Heir Jordan Corporation.

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................<u>41,400</u>

Taxable income $ 14,000...............<u>16,800</u>

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................<u>10,920</u>

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Pay out ratio is 31.87% of Net income which is derived by Dividends/Net Income

4 0
3 years ago
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