The amount of time it takes Robby to go grocery shopping is continuous and uniformly distributed between 20 minutes and 45 minut
1 answer:
Answer:
0.4
Explanation:
This problem has been solved using the method of integration.
We are required to solve for the probability that it takes Robby between 29 and 39 minutes to go grocery shopping
= X~U(20,45)
= 1/45-20
= 1/25
Then we get computation for p[29<x<39]
When we take the integrals with x = 1/25
We get
Probability that it takes Robby between 29 and 39 minutes to go shopping to be 0.4
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Answer:
TIE 2.47
Explanation:
Our first step will be calculate the interest expense
350,000 debt outstanding * 12% rate = 42,000
Next, we need the EBIT which means Earnings Before Interest and Taxes.
Using the net profit margin of 3% we can get the net income
This means 3% of sales become net income
We are going to apply this to Morris sales to get the net income
Now this include the interest and taxes, we need to get the Earning before those two concepts so:
Now we got everything needed for the TIE
129,500/52,500 = 2.47