1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Suppose that the quantity of DVD players sold increased from 200 to 400 when the price fell from $225 to $175. Over this price r
Nataly_w [17]

Answer:

Option D.

Explanation:

Given information:

Q_1=200, Q_2=400

P_1=225, P_2=175

Formula for price elasticity of demand is

E_d=\frac{Q_2-Q_1}{P_2-P_1}\times \frac{P_1+P_2}{Q_1+Q_2}

Substitute the given values in the above formula.

E_d=\frac{400-200}{175-225}\times \frac{225+175}{200+400}

E_d=\frac{200}{-50}\times \frac{400}{600}

E_d=-\frac{8}{3}

E_d\approx -2.67

Absolute value is

|E_d|= |-2.67|=2.67

The absolute value of the price elasticity of demand for DVD players is 2.67.

Therefore, the correct option is D.

6 0
3 years ago
"the telling style of leadership has a ________ feature."
Shkiper50 [21]
Hi Laight6069, 

The telling style of leadership has a <span>high-task, low-relationship feature.</span>
5 0
3 years ago
Brownley Company has two service departments and two operating (production) departments. The Payroll Department services all thr
Fittoniya [83]

Answer:

d. $29,580.

Explanation:

Note: The data in the question are merged together and they are first sorted and separated as given in the attached file before the question is answered.

Cost individually incurred by Maintenance = $25,500

Share of Payroll Department cost = $20,400 * (15/75) = $4,080

Total Maintenance Cost = $25,500 + $4,080 = $29,580.

Therefore, he total cost of operating the Maintenance Department for the current period is d. $29,580.

Download pdf
7 0
3 years ago
Sonia creates tests for judging product safety and advises companies about how to reduce harm from use or misuse of the product.
NISA [10]

Answer:

D) Product safety Engineer

Explanation:

8 0
3 years ago
Four frequently used targeting strategies are the micromarketing, undifferentiated, differentiated, and __________ targeting str
Dennis_Churaev [7]

Answer:

Concentrated.

Explanation:

Four frequently used targeting strategies are the micromarketing, undifferentiated, differentiated, and concentrated targeting strategies. In micromarketing, we target each and every single customer individually which is also known as customization. In differentiated marketing, we try to differentiate our offerings and target particular market segment with it, whereas in undifferentiated which is also known as mass marketing, we target the whole market with one single offer. In concentrated marketing, we try to capture and target one small segment (niche) which has been ignored and overlooked by the competitors. The main aim here to sell profitably by meeting the needs of that small segment fully.

4 0
3 years ago
Other questions:
  • A company currently pays a dividend of $3.4 per share (D0 = $3.4). It is estimated that the company's dividend will grow at a ra
    10·1 answer
  • Which nims structure makes cooperative multi-agency decisions?
    14·2 answers
  • Instead of treating mobile commerce and traditional retailing as separate retail channels, the National Retail Federation recomm
    8·1 answer
  • Which of the following are requirements for product manufacturing?
    6·1 answer
  • In relatively ____ markets, ____ might be acceptable; however, with substantial _____, they often lead to poor trade-off decisio
    7·1 answer
  • Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. Pair
    12·1 answer
  • if the nominal interest rate is 4.00% and the rate of inflation is 2.25%, what is the real interest rate? 1.75% 4.50% 6.25% 9.00
    12·1 answer
  • Sheffield borrowed $701000 on October 1, 2017 and is required to pay $721000 on March 1, 2018. What amount is the note payable r
    9·1 answer
  • Anne Mullens is the bookkeeper for DWG Refrigeration Repair. One afternoon while she was preparing the bank deposit, a customer
    14·1 answer
  • If the government decided that each family needs a minimum income of $25,000 and promised to make up the difference between what
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!