Answer:
a. The probability that any one customers service costs will exceed the contract price of $200 is 0.0228
b. Warda expected profit per service contract is $50
Explanation:
a. In order to calculate the probability that any one customers service costs will exceed the contract price of $200 we would have to calculate first the z value as follows:
z=x-μ/σ
z=$200-$150/$25
z=2
Therefore, probability that any one customers service costs will exceed the contract price of $200 is p(x>$200)=p(z>2)
=1-p(z≤2)
=1-0.9772
=0.0228
The probability that any one customers service costs will exceed the contract price of $200 is 0.0228
b. To calculate Warda expected profit per service contract we would have to make the following calculation:
Warda expected profit per service contract=service charge per contract-expected cost
Warda expected profit per service contract=$200-$150
Warda expected profit per service contract=$50
Warda expected profit per service contract is $50
The correct answer is true hope this helps!
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<h3>What is a
master license agreement?</h3>
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In conclusion, the master license agreement is type of document that the company should procure from the developing company.
Read more about master license agreement
<em>brainly.com/question/24288054</em>
Answer:
C) $88,000
Explanation:
period cost: cost which cannot be capitalize through inventory or other assets.
Under variable cost, the fixed cost are treated as period cost.
Fixed costs:
Fixed manufacturing overhead $ 60,000
Fixed selling and administrative expense $ 28,000
The Nominal GDP of the economy that produces two goods in 2014 is $170.
The Nominal GDP of the economy that produces two goods in 2015 is $320.
The Real GDP in 2015 using 2014 as base year is $250.
The GDP deflator of an economy that produces two goods is 1.28.
Gross domestic product is the sum of goods and services that a country produces in a year.
Nominal GDP is GDP calculated using current year prices. Real GDP is GDP that is calculated using base year prices.
GDP deflator is the ratio of prices of goods and services produced using current year prices and prices of goods and services using base year prices.
Nominal GDP in 2014: (15 x $2) + (20 x $7) = $170.
Nominal GDP in 2015: (20 x $4) + (30 x $8) = $320
Real GDP in 2015: (20 x $2) + (30 x $7) = $250
GDP deflator = (nominal GDP / real GDP) x 100
($320 / $250) x 100 = 1.28
To learn more about real GDP, please check: brainly.com/question/23126579?referrer=searchResults
