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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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Answer:

In detailed along with all the contingencies that are spelled out.

Explanation:

Common law is the body which is of legal rules that have been made or build through the judges as they will issue the rulings on cases, which is opposed to the rules and the laws which were made through the official statutes or the legislature.

Under the common law, the contracts are made or stated or drafted so that they will provide a brief as well as detailed rules along with all the possible contingencies which were spelled out or made out.

3 0
3 years ago
Big Box Store has operated with a 30% average gross profit ratio for a number of years. It had $100,000 in sales during the seco
nydimaria [60]

Answer:

c) $20,000.

Explanation:

The computation of the estimated ending inventory is shown below:

We know that

Cost of goods sold = Beginning inventory + purchase made - ending inventory

And, the

Sales - gross profit = Cost of goods sold

$100,000 - $100,000 × 30% = Cost of goods sold

So, cost of goods sold would be

= $100,000 - $30,000

= $70,000

Now the ending inventory would be

$70,000 = $18,000 + $72,000 - ending inventory

$70,000 = $90,000  - ending inventory

So, the ending inventory would be

= $90,000 - $70,000

= $20,000

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3 years ago
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Which career requires less education than an Auditor?

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Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for
Reika [66]

Answer and Explanation:

The computation of the amount is shown below:

a. For FOB destination

=  Merchandise price - Returns and allowances - discount

= $6,700 - $1,750 - ($6,700  - $1,750 )× 2%

= $6,700 - $1,750 - $99

= $4,851

b. For FOB shipping point

= Merchandise price - Returns and allowances - discount + Freight In

= $3,300 - $1,200 - ($3,300 - $1,200) × 1% + $200

= $3,300 - $1,200 - $21 + $200

= $2,279

7 0
3 years ago
During the current year, Tachnic, Inc., made cash sales of $289,000 and credit sales of $472,000. During the year, accounts rece
guajiro [1.7K]

Answer:

(a1) $761,000

(a2) $504,000

(a3) $793,000

Explanation:

(a-1) Amount of net sales reported as revenue in the income statement:

= Cash sales + Credit sales

= $289,000 + $472,000

= $761,000

(a-2) Amount of cash received from collecting accounts receivable:

= Credit sales + Decrease in accounts receivable

= $472,000 + $32,000

= $504,000

(a-3) Amount of cash received from customers:

= Cash sales + Amount of cash received from collecting accounts receivable

= $289,000 +  $504,000

= $793,000

6 0
3 years ago
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