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-BARSIC- [3]
3 years ago
9

A production facility employs 10 workers on the day shift, 8 workers on the swing shift, and 6 workers on the graveyard shift. A

quality control consultant is to select 4 of these workers for in-depth interviews. Suppose the selection is made in such a way that any particular group of 4 workers has the same chance of being selected as does any other group (drawing 4 slips without replacement from among 24).
Business
1 answer:
prisoha [69]3 years ago
7 0

Answer:

The answer is below

Explanation:

A What is the probability that all 4 selected workers will be the day shift?

B What is the probability that all 4 selected workers will be the same shift?

C What is the probability that at least two different shifts will be represented among the selected workers.

A)

The total number of workers = 10 + 8 + 6 = 24

The probability that all 4 selected workers will be the day shift is given as:

P_a=\frac{C(10,4)}{C(24,4)}= \frac{210}{10626}=0.0198

C(n,r)=\frac{n!}{(n-r)!r!}

B) The probability that all 4 selected workers will be the same shift (P_B) = probability that all 4 selected workers will be the day shift + probability that all 4 selected workers will be the swing shift + probability that all 4 selected workers will be the graveyard shift.

Hence:

P_B=\frac{C(10,4)}{C(24,4)}+\frac{C(8,4)}{C(24,4)}+\frac{C(6,4)}{C(24,4)}=0.0198+0.0066+0.0014=0.0278

C) The probability that at least two different shifts will be represented among the selected workers (P_C)= 1 - the probability that all 4 selected workers will be the same shift(P_B)

P_C=1-P_B\\\\P_C=1-0.0278\\\\P_C=0.972

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When you retire 45 years from now, you want to have $1.25 million saved. You think you can earn an average of 7.6 percent on you
Leno4ka [110]

Answer:

$20,468.86 more if you wait

Explanation:

This is a time value of money question. You need to calculate the one time cashflow deposit (PV) as of today and as of 5 years and find the difference between the two.

<u>As of today</u>

Using a financial calculator, input the following;

Future value (FV) = 1,250,000

Interest rate (I/Y) = 7.6%

Duration of investment (N) = 45

Recurring payment (PMT) = 0

then compute PV = $<em>46,276.21</em>

<u>As of year 5,</u>

Future value (FV) = 1,250,000

Interest rate (I/Y) = 7.6%

Duration of investment (N) = 45 - 5 = 40

Recurring payment (PMT) = 0

then compute PV = $66,745.07

Therefore, you will pay (66,745.07 - <em>46,276.21) = $20,468.86 more if you wait</em>

7 0
3 years ago
Hutch Inc., a software company, uses an approach in which software developers and programmers interact directly with customers.
dimaraw [331]

Answer: c. Agile

Explanation: The agile approach involves a technique for iterative and incremental development of software and it involves collaboration between teams. The team of programmers and software developers interacting directly with customers and developing samples based on their requirements, and adjusting those samples based on their feedback which results in lesser time spent on contract negotiation and documenting processes shows that Hutch Inc. is employing agile methods.

6 0
4 years ago
Lawson Corp. uses IFR.S and the cost model for intangible assets. On March 1, year 1, Lawson acquired intangible assets with an
Leto [7]

Answer:

b. $10,000 loss $4,000 gain

Explanation:

Since the carrying amount of the intangible assets is greater than its recoverable amount in the year 1, therefore the Lawson Corp shall recognised the impairment loss in respect of intangible assets in year 1 as follows:

Impairment loss=Carrying amount of intangible assets-recoverable amount of intangible asset

Impairment loss=$100,000-$90,000=$10,000 loss

Since the recoverable amount of the intangible assets is greater than its carrying amount  in the year 2, therefore the Lawson Corp shall reverse the impairment loss recognised in year 1 in the following way:

Gain=recoverable amount of intangible asset-Carrying amount of intangible assets

Gain=$94,000-$90,000=$4,000 Gain

So based on the above calculations,the answer shall be b. $10,000 loss $4,000 gain

4 0
4 years ago
Your father invested a lump sum 33 years ago at 4.25 percent interest. Today, he gave you the proceeds of that investment which
Nutka1998 [239]

Answer:

your father originally invest is $13035.72

Explanation:

given data

investment time = 33 years

interest rate = 4.25 percent

totaled $51,480.79

solution

we get present value by future value formula that is

future value = present value × (1+r)^{t}    .........................1

put here value and we get

$51480.79 =  present value × (1+0.0425)^{33}

solve it we get

present value = $13035.72

so your father originally invest is $13035.72

8 0
4 years ago
The following balances were taken from the general ledger of Doogie Corporation as of December 31. All balances are normal. Cash
love history [14]

Answer:

Please refer to the attached

Explanation:

Please refer to the attached.

Note that in trial balance Debit side must always be equal to debit side

7 0
3 years ago
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