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elixir [45]
3 years ago
7

According to the Bureau of Labor Statistics, in calendar year 2000, the average duration of unemployment was 12.7 weeks, with a

standard deviation of 0.3 weeks. Assuming that distribution is approximately normal, what is the probability that a randomly selected individual who was unemployed in 2000 would have been unemployed between 12 and 13 weeks?
Business
1 answer:
Verdich [7]3 years ago
7 0

Answer:

0.8314

Explanation:

First, we are given the following

Unemployment during on Average = U= 12.7 weeks

Standard deviation= SD = 0.3 Weeks

Therefore, P (12  Greater than x  Greater than 13)

= P (12-12.7 /0.3 Greater than X -U/SD Greter than 13-12.7/0.3)

= P (-0.7/0.3 Greater than Z Greater than 0.3/0.3)

= P (-2.33 Greater than  Z  Greater than   1)

= P (Z Greater than 1)  - P (Z Greaer than -2.33)

At this Point we make use of he Z table to find out the figure

= 0.8413 - 0.0099

= 0.8314

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Are real people answering these questions? Do u get paid?
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What federal agency is tasked with developing policies and procedures for emergencies that impact federal lands?
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3 0
3 years ago
Supply costs at Lattea Corporation's chain of gyms are listed below:
Reptile [31]

Answer:

The correct answer is d. $0.31 per client-visit; $24,766 per month.

Explanation:

The costs can be of fixed nature or a variable nature or of a mixed nature. A mixed costs contains a component of both fixed and variable costs. The high-low method is used to calculate the variable component per unit of a mixed cost. Th formula for high low method is:

Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity level - Lowest activity level)

the highest activity is in June, 13400 client visits and the highest cost is also of this activity. The lowest activity is in August, 11207 client visits and the lowest cost belongs to this activity.

Variable cost per unit = (28920 - 28235)  /  (13400 - 11207)

Variable cost per unit = $0.31 rounded off to two decimal places

The fixed cost = Total cost - total variable cost

Taking 13400 activity,

The fixed component is = 28920 - (0.31 * 13400) = $24766 per month

Thus, the correct answer is d.

5 0
3 years ago
Firms that can employ and establish _________________, are more likely to protect their competitive advantage from being copied
pishuonlain [190]

Firms that can employ and establish <u>isolating mechanisms</u> are more likely to protect their competitive advantage from being copied and/or eroding away.

Isolation mechanisms:

A company is able to maintain its competitive edge for a longer period of time if it can stop a rival from copying the resource or capability that provides it that advantage. Isolation mechanisms is the name of this technique. For instance, a patent is a legitimate tool to stop imitation.

A firm's objective is to have a prolonged competitive advantage when a resource or capability gives the firm an advantage over competitors for an extended period of time. The industry will determine how long a company can preserve a competitive advantage.

If a business can maintain a competitive edge for a year in a fast-moving field like information technology or quick fashion, it may be quite happy. In an industry with less frequent changes, such as feminine hygiene, a persistent competitive advantage may remain considerably longer.

A sustainable competitive edge cannot be maintained by any company indefinitely. The competition is constantly working to improve its own competitive edge.

Learn more about Isolation mechanisms here:

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7 0
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