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
yaroslaw [1]
3 years ago
15

The average price of personal computers manufactured by MNM Company is $1,200 with a standard deviation of $220. Furthermore, it

is known that the computer prices manufactured by MNM are normally distributed. a. What is the probability that a randomly selected computer will have a price of at least $1,530?
Business
1 answer:
crimeas [40]3 years ago
8 0

Answer:

The required probability is 0.066807

Explanation:

Given,

σ = 220

μ = 1200

The probability that a random selection of computer which will have the price of at least $1,530 is computed as:

P (X ≥ 1530 ) = 1 - P (X ≤ 1530)

= 1 - P ( X - μ / σ)

= 1 - P ( 1530 - 1200 / 220)

= 1 - P ( z ≤ 1.5)

= 1 - 0.933193

= 0.066807

Note: This 0.933193 value is taken from the z table.

You might be interested in
lYour friend says, "I have some extra money, but I'm not sure if I should save or invest it." What key questions would you ask y
JulijaS [17]
I prefer investing money you can save it too
3 0
3 years ago
$2000 a year is deposited into an annuity for a child from its birth until it is 18 years old. The rate of interest is at 7%. Wh
Vitek1552 [10]
I think the annuity will be worth about 41,146 in 18 years, I hope this helped :)
6 0
3 years ago
An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $24 billion to reduce inflati
Eva8 [605]

Answer:

It should raise up to 56 percent of taxes

Explanation:

4 0
3 years ago
Exercise 10-6 Direct Materials and Direct Labor Variances [LO10-1, LO10-2] Huron Company produces a commercial cleaning compound
ololo11 [35]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Standard:

Direct materials 7.30 pounds $ 2.25 per pound $16.43

Actual:

16,600 pounds of material was purchased for $2.05 per pound. All of the material purchased was used to produce 2,000 units of Zoom.

To calculate the direct material price and quantity variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2.25 - 2.05)*16,600

Direct material price variance= $3,320 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 2,000*7.3= 14,600

Direct material quantity variance= (14,600 - 16,600)*2.25

Direct material quantity variance= $4,500 unfavorable

4 0
3 years ago
Colorado Corporation has two classes of​ stock: common, ​$3 par​ value; and​ preferred, ​$30 par value.Requirements1.Journalize
Alborosie

Answer:

1)

Debit   Cash/Bank 27,000    (4,500 shares x $6 per share)

Credit  Common Stock 13,500  (4,500 shares x $3 per share)

Credit  Paid-In Capital in Excess of Stated Value—Common 13,500  (4,500 shares x $3 per share)

2)

Debit   Cash/Bank 135,000  (4,500 shares x $30 per share)

Credit  preferred Stock 135,000  (4,500 shares x $30 per share)

Explanation:

any issuing price of stock above par value will be credited in "Paid-In Capital in Excess of Stated Value—Common"

8 0
3 years ago
Other questions:
  • True or False: A rebate and a discount are the same.
    9·1 answer
  • Roberta is trying to decide whether to vote for a political candidate. based on what she has read about him, she has concluded t
    12·1 answer
  • (Blank) monetary policy involves decreasing the money supply.
    9·2 answers
  • Which of the following does NOT increase food intake?a) serotoninb) beta-endorphinsc) decreased blood glucose levelsd) neuropept
    7·1 answer
  • Angus Company agreed to sell goods for Longhorn Company on consignment, but wasn't willing to take ownership of the goods in cas
    13·1 answer
  • At the end of the current year, the accounts receivable account has a debit balance of $999,000 and sales for the year total $11
    5·1 answer
  • You speculate in crude oil futures. Last month, you purchased ten January futures contracts at a quoted price of 99.91. These co
    15·2 answers
  • Helen Weeks has worked for Bonne Consulting Group (BCG) as the executive secretary in the administrative department for nearly 1
    13·1 answer
  • Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20 percent (i.e., $20,000 of tax).
    15·1 answer
  • which account option features a note issued by a bank to a depositor for funds placed for a set period? certificate of deposit c
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!