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Eddi Din [679]
3 years ago
11

A market research company employs a large number of typists to enter data into a computer database. The time it takes for potent

ial new typists to learn the computer system is known to have a Normal distribution with a mean of 90 minutes and a standard deviation of 18 minutes. A candidate is automatically hired if she learns the computer system in less than 100 minutes. A cut-off time is set at the slowest 10% of the learning distribution. Anyone slower than this cut-off time is definitely not hired. What proportion of candidates takes more than two hours to learn the computer system?
Business
1 answer:
monitta3 years ago
4 0

Answer:

<u><em></em></u>

  • <u><em>4.75% of the candidates takes more than two hours to learn the computer system.</em></u>

<u><em></em></u>

Explanation:

The relevant information to solve the problem is:

  • 1. <em>The time it takes to learn follows a Normal distribution </em>

  • 2.<em> The mean is 90 minutes</em>

  • 3. T<em>he standard deviation is 18 minutes</em>

  • 4. <em>The question is What proportion of candidates takes more than two hours to learn the computer system?</em>

Then, you shall calculate the Z-score and use a standard distribution table to look up the Z-score and the corresponding probability.

Repeating myself from a recent answer, "there are two types of standard distribution tables: tables that show values that represent the AREA to the LEFT of the Z-score, and tables that show values that represent the AREA to the RIGHT of the Z-score".

<u>1. First, calculate the Z-score:</u>

       Z-score=\frac{x-mean}{standard\text{ }deviation}

                          x=2hours=120min

        Z-score=\frac{120-90}{18}\approx 1.67

<u>2. Use the table that represents the area to the right of the mean to find the ratio of typists that have a Z-score greater than 1.67.</u>

          Probability=0.0475=4.75\%

Therefore, 4.75% of the candidates takes more than two hours to learn the computer system.

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What are some of the benefits of regional integration?
Fiesta28 [93]

Answer:

1. Benefits Of Regional Economic Integration

2. Enhanced political cooperation. Several nations usually have a much larger political influence as compared to the influence that each individual country would have.

3. Creates trade. Member countries in a regional economic integration agreement have a wider choice of services and goods that were previously unavailable.

<em>4. Employment prospects. </em>

Explanation:

The benefits of regional integration can easily identify. There are economic benefits such as additional trade, improved quality, increased imports and exports, high-quality international relations and an integrated market. Regional integration can enhance the general quality of life for the citizens of those states.

3 0
3 years ago
The Phantom Corporation started 6,700 units during February. Phantom started the month with 890 units in process (40% complete)
bagirrra123 [75]

Answer:

7,000 units

Explanation:

The units which were transferred to the Finished goods inventory during the month of February is computed as:

Units transferred to Finished goods inventory = Started units during February + Started the month with units in process - Ended the month with units in process

where

Started units during February is 6,700

Started the month with units in process is 890

Ended the month with units in process is 590

Putting the values above:

Units transferred to Finished goods inventory = 6,700 + 890 - 590

Units transferred to Finished goods inventory = 7,590 - 590

Units transferred to Finished goods inventory = 7,000

4 0
4 years ago
Rachelle is the owner of a full-service car wash. For the month of December she paid $2,000 in rent, $700 in utilities, $2,950 i
Ilya [14]

Answer:

Total Fixed costs:      $

 Rent                       2,000

Utilities                    700

Salaries                   2,950

Advertising             50

Total fixed cost       5,700

Contribution per car = Selling price - Unit variable cost

                                    = $10.50 - $2.50

                                    = $8.00 per car      

Break-even point in full-service car

= <u>Total fixed cost</u>

  Contribution per car

=  <u>$5,700</u>  

     $8.00    

=   712.5 = 713 cars                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

Explanation:

Break-even point in full-service car equals total fixed cost divided by contribution per car. Contribution per car is selling price minus variable cost per car.

4 0
3 years ago
A firm that produces bluetooth speakers collected the following data to determine their possible profits. What profit will bluet
Lostsunrise [7]

The profit will Bluetooth speaker sales bring this firm when it sells at the profit-maximizing level of output is $975

Profit-maximizing level

In economics, profit maximizing level of output means where its marginal cost (MC) just equals the product price and where marginal cost is increasing; that is, the MC curve is sloping upward.

Given

A firm that produces Bluetooth speakers collected the following data to determine their possible profits.

Here we need to find the profit will Bluetooth speaker sales bring this firm when it sells at the profit-maximizing level of output.

In order to find the profit-maximizing level of output for the Bluetooth, we have to subtract the maximum price by the minimum price.

For example let us consider $1000 be the maximum price of the Bluetooth and $25 is minimum price of the Bluetooth,

Then the profit-maximizing level of output is calculated as,

=> 1000 - 25

=> 975.

To know more about profit-maximizing level here.

brainly.com/question/14011960

#SPJ4

4 0
1 year ago
Which of the following scenarios would be included in Gross Donestic Product?
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