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
Karo-lina-s [1.5K]
3 years ago
12

An appliance manufacturer wants to contract with a repair shop to handle authorized repairs in Indianapolis. The company has set

an acceptable range of repair time of 50 minutes to 90 minutes. Two firms have submitted bids for the work. In test trials, one firm had a mean repair time of 74 minutes with a standard deviation of 4.0 minutes and the other firm had a mean repair time of 72 minutes with a standard deviation of 5.1 minutes. Which firm would you choose? Why?
Business
1 answer:
luda_lava [24]3 years ago
3 0
Although one would repair at the most time of 76 minutes, the other is at most 77.1 minutes. I would pick the second one because they may take longer by 1.1 minutes at most, they also included seconds, which seems more like an honest bid time.
You might be interested in
The following information was used in reconciling the bank account for Minerva Company on October 31: Balance per bank, October
Strike441 [17]

Answer: A $37.280.

Explanation:

Adjusted book balance will include those transactions made or charged by the bank for/to the company so will include;

= Balance per books - Insufficient funds check - Utility bill paid by bank  - Check printing charge

= 40,000 - 1,400 - 1,240 - 80

= $37,280

3 0
3 years ago
Katrine doesn't understand all of the various aspects of automobile insurance and relies on her local independent State Farm Ins
Ahat [919]
Katrine doesn't understand all of the various aspects of automobile insurance and relies on her local independent State Farm Insurance agent to provide her with information. This agent acts as a(n) intermediary for State Farm.
5 0
2 years ago
During a reporting period, a computer manufacturing company used raw materials of $50,000, had direct labor costs of $75,000, an
sammy [17]
<span>To calculate the cost of goods sold we use the following formula:
 beginning inventory + the cost of goods purchased or manufactured = cost of goods available ending inventory.
 Since there was no beginning balance in inventory account and all goods were sold we can assume that cost of goods = total costs for the period. Adding up all costs for the period comes to $173,000.</span>
3 0
3 years ago
How does a fixed exchange rate set the value for a currency?
olasank [31]

Answer:

A. By setting it at a specific value based on another currency

Explanation:

3 0
3 years ago
Capital gains refer to profits from the sale of investments. true false
madam [21]
It is true that capital gains refer to profits from the sale of investments. 
7 0
3 years ago
Other questions:
  • Finder Technologies Inc. has manufacturing units in Canada. The country's stable economic and political environment helps the fi
    11·1 answer
  • ​Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the compar
    13·1 answer
  • Blood Alcohol Concentration is the amount of alcohol in an individual's body, measured by the weight of the alcohol in a volume
    7·1 answer
  • For June, Gold Corp. estimated sales revenue at $400,000. It pays sales commissionsthat are 4% of sales. The sales manager's sal
    10·1 answer
  • Content theories attempt to explain work behaviors based on __________.
    8·1 answer
  • Burj khalifa's location
    7·1 answer
  • Define rent seeking. Rent seeking is attempting to transfer surplus from one group to another, for firms it usually involves: re
    8·1 answer
  • The Federal Reserve System is __________. ANSWER Unselected the central bank of the United States Unselected also known as the U
    10·1 answer
  • Which resource is not an example of a factor of production? a. labor b. natural resources c. government d. capital
    7·1 answer
  • Many companies in the sharing economy have successfully taken their business to foreign markets as well. What challenges do you
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!