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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.

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4 0
3 years ago
You are the chief financial officer for a firm that sells digital music players. Your firm has the following average-total-cost
Finger [1]

Answer:

False

Explanation:

Since for finding out whether the offer is accepted or not, first we have to determine the total cost at 600 number of players and for 601 number of players which is

The total cost of 600 players is

= 600 × $300

= $180,000

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6 0
3 years ago
This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,350. Last year, his total tax liability was $15
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Answer:

Lloyd needs to increase his witholding tax to $1,560 this year in order to avoid the underpayment penalty .

Explanation:

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90% of current expense risk = 90% × $11,350

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3 0
3 years ago
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3 years ago
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arlik [135]

Answer:

I may provide her with the required enrollment materials and take her completed enrollment application

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Since Mrs. Lu called to asked for my help in deciding on a Medicare Advantage plan in which She agreed to sign a scope of appointment form, this means when we finally meet for the appointment which was schedule for October 15 which is a month before her 65 birthday (November), I may provide her with all the required, important and necessary enrollment materials in which after she might have completed the enrollment materials i gave to her , I will collect the completed enrollment application from her for further processing.

5 0
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