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g100num [7]
3 years ago
5

Suppose the mean income of firms in the industry for a year is 75 million dollars with a standard deviation of 17 million dollar

s. If incomes for the industry are distributed normally, what is the probability that a randomly selected firm will earn less than 110 million dollars? Round your answer to four decimal places.
Business
1 answer:
Readme [11.4K]3 years ago
4 0

Answer and Explanation:

Given:

μ = 75 million

SD = 17 million

Probability (x) raw data = 110 million

Computation:

= Probability (x) < 110 million

= Probability [(x-μ) / SD] < [(110 - 75) / 17]

[(x-μ) / SD] = Z

= Probability [z] < [(35) / 17]

= Probability [z] < [2.05882353]

Using z calculator:

P-value from Z-Table:  

Z score = 0.98024

Therefore, probability is 0.98024

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Discuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly
son4ous [18]

Answer:

The optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments is the contract.

Explanation:

The contract is signed between the seller and the buyer, and establishes formal and legal terms, and agreed responsabilities. The primary advantages are that firms and buyers are allowed to focus in producing and getting what they need as contracts are used for tangible goods and for rendered services, reducing the opportunistic behaviour and underinvestment.

The CONASUPO, mexican government office, signed a contract with the mexican ranch owners to get all their milk production at low prices to feed the thousands of low income families.

3 0
2 years ago
Read 2 more answers
the us government gave land to the railroads to help them expand. what impact did these land grants have on industries in the we
Monica [59]

Due to the grants' encouragement of settling and the creation of new industrial prospects, the West's industries were able to expand.

<h3>What to you understand by Industries? </h3>

An industry is a collection of businesses that are connected by their main lines of activity. There are numerous categories of industries in contemporary economies. Sectors are generally used to combine together bigger groups of industry classifications.

The processing and transformation of natural resources (raw materials) into other finished and semi-finished products is the primary function of industry in each nation's economy.

Industries have a significant role in the economic activities of modern man. Any nation's industrial growth is a major factor in determining its economic development. The main components of contemporary civilization are industries, which give us access to the things we need and job possibilities.

To learn more about the Industries, Visit: brainly.com/question/2839443

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6 0
1 year ago
Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will . The dem
exis [7]

Answer:

decrease

increase

Frictional

) establishing government employment agencies to connect unemployed workers to job vacancies 

Explanation:

The options needed to answer the last question are :

a) extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government 

b) establishing government employment agencies to connect unemployed workers to job vacancies 

c) offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks

The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

It follows that if the world price of cotton falls, the quantity supplied would fall too as firms would reduce their production of cotton. If firms reduce their production of cotton, they would need less labour and the demand for Labour would fall.

In the industry that makes use of cotton has an input, the fall in world price would make cotton cheaper. The firm would increase the quantity demanded for and as a result production would increase. Firms would need more labour as a result of the increase in production. Therefore, the demand for Labour would increase.

Frictional unemployment is unemployment that results as a result of labour moving from one job to another

Establishing government employment agencies to connect unemployed workers to job vacancies would ease the job search of labour and reduce unemployment.

I hope my answer helps you

4 0
3 years ago
X-treme Vitamin Company is considering two investments, both of which cost $10,000. The cash flows are as follows:Year Project A
liq [111]

Answer:

A) Project A = 0.83 year

B) NPV of Project B = $14,609.66

C) Answer B

Explanation:

Requirement A

We know,

Payback period = Last year with negative cumulative cash flows + (Absolute value of last year's cumulative cash flow ÷ Cash flow of the following year's negative cumulative cash flow)

Or, Payback period = A + ( B ÷ C)

                             Project A                                       Project B

Year   Cash Flow   Cumulative Cash Flow    Cash Flow  Cumulative Cash Flow

0 (A)   -$10,000      -$10,000 (B)                     -$10,000        -$10,000 (B)

1           $12,000 (C)      2,000                           $10,000(C)                 0

2              8,000         10,000                               6,000             6,000

3              6,000         16,000                              16,000           22,000

Payback period for project A = 0 + ($10,000 ÷ 12,000) = 0 + 0.833 = 0.83 year

Payback period for project B = 0 + ($10,000 ÷ 10,000) = 0 + 1 = 1 year

X-treme Vitamin Company should choose project A because it can return the investment earlier than project B.

Requirement B

We can use excel to find the Net Present Value for both the projects with a cost of capital of 10%.

The following image shows the NPV for project A and B.

From the calculation of NPV, X-treme Vitamin Company should choose project B as that project yields more present cash flows.

Requirement C

A firm should generally have more confidence in answer b because money can produce more logical sense than a year. Yes, it is easy to understand how many years a company will need to get back its cash flow. Still, the present value of cash flows provides a more specific evaluation of how to utilize the initial investment.

8 0
3 years ago
Why is insurance necessary for businesses and individuals
miv72 [106K]

Answer:

Incase of any emergency like an accident 5hey can support you

5 0
2 years ago
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