Given:
μ = 9.9 hours, population mean
σ = 4.54 hours, population standard deviation
For the random variable x = 3 hours, the z-score is
z = (3 - 9.92)/4.54 = -1.5242
From standard tables, obtain
P(x ≤ 3) = 0.064 = 6.4%
Answer: 6.4% on both tails of the normal distribution
Calculation of Present values of Severance pay
Cash Paid Now 118000
Present value of the payment 122857.02(129000*0.95238)
made 1 year from now
Present value of Annuity Pay 139581.475 (27500*5.07569)
Present value 380438
Employees often receive a severance pay at the end of their employment. This is usually based on the length of service the employee is entitled to upon retirement. The Fair Labor Standards Act (FLSA) does not require severance pay.
Some employers choose to provide severance pay to employees who have been dismissed involuntarily or voluntarily. The main reason for offering severance pay is to soften the blow of involuntary layoffs and avoid future lawsuits by having employees sign releases in exchange for severance pay.
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Inflation is 110
<u>Explanation:</u>
The consumer price index is the ratio of the basket prices of the current year to the basket price of the base year multipliers by 100, this helps us to determine inflation
now, cpi in second year = 
= 110
Answer:
Possible transportation modes are discussed below in detail.
Explanation:
• Purchase Request: 12 - 25 days
• Process buy request abroad: 10 - 20 days.
• Manufacturing process: 60 days
• Transport from plant to port: 1-14 days
• Paperwork: 5 - 10 days
• Wait for the container: 1 - 7 days*
• Load compartments: 3 - 6 days
• Ship days: 28 days
• Custom clearance: 7 – 14 days
• Warehouse transportation: 1-3 days
Delivery time is around 136 minimum days and 191 maximum days. Likewise, the average delivery time is 163 days. Companies such as international trade specialist, trade logistics companies and Internet exchanges can help the company to reduce the delivery time by facilitating the trade channels. These intermediate channels can help to attain objectives in timely manner.
You can spend money on things you need first instead of the things you want. Most people spend their pay on things that they want rather than getting something they need this leads to financial problems. Another way is to put at least $20 in the bank every paycheck. This way if something bad happens and you need to pay for it then you have the extra money in your bank. Daily spending can be a bad thing because you are constantly spending and never saving money, and life is full of surprises so you need to save money as well for preparation.
Hope this helped. Have a great day!
