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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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kogti [31]

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Learn more about socioeconomic status affect health care: brainly.com/question/12482069

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6 0
2 years ago
Bramble Corp. makes and sells widgets. The company is in the process of preparing its selling and administrative expense budget
Alexandra [31]

Answer:

$720,000

Explanation:

The total budgeted selling and administrative expenses is made up of both fixed and variable components. The variable component of the cost is dependent on the budgeted number of units to be sold.

Total variable cost budgeted

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= $580,000

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5 0
3 years ago
Which of the following scenarios illustrates the law of demand?
Genrish500 [490]

Answer:

Option B is correct.

Explanation:

In order to answer this question correctly, we first need to understand the law of demands.

Law of demands: It says that the relationship of price and quantity demanded is inversely proportional. It means if the price of a particular product goes high, then the quantity of demand will be reduced. Similarly, if the price of the product is low then the quantity of demanded will be higher.

Here,

Option B is the most relevant to the Law of Demand which says that Kathleen eats more steak when the price is low. It means when the price is low, the quantity of steak demanded is higher in Kathleen's case. Furthermore, Kathleen eats less when the price is high. It means, when the price of steak is higher then the quantity of steak demanded from Kathleen is low.

Hence, Option B is the correct option which fulfills the law of demand.

3 0
3 years ago
An individual has $32,000 invested in a stock with a beta of 1.1 and another $48,000 invested in a stock with a beta of 1.3 If t
blagie [28]

Answer:

The beta of the portfolio is 1.22

Explanation:

In calculating the beta of the whole portfolio, we can calculate the weighted average beta of each stock .The sum of all weighted betas give the beta of the entire portfolio.

Beta of portfolio=amounted in first stock/entire amount invested*beta of the first+amount invested in second stock/entire amount invested *beta of the second stock

Beta of portfolio=($32000/($32000+$42000))*1.1+($48000/($32000+$48000))*1.3

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4 0
3 years ago
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skad [1K]

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