Paid salaries to staff 1500<br>

Weekly demand for tennis balls at The Racquet Club is normally distributed , with a mean of 35 cases and a standard deviation of

RideAnS [48]

Answer:

a-The average weekly profit is $1767.31

b- The probability of having a weekly profit of more than 2000 is 0.1587 or 15.87%.

Explanation:

a

The weekly average profit for the simulation is given where first the values are simulated using R which is given as below:

x<-round(rnorm(n,m,s))

Here

round converts all the values of the simlation to integer.
rnorm is the command for simulation
n is the number of values which is 52 in this case
m is the mean of the values which is 35
s is the value of standard deviation which is 5 cases.

The values of x are as follows

[1] 36 49 30 29 34 36 32 28 32 29 32 27 40 32 30 37 43 30 42 30 31 34 36 38 28 29 32 42 36 35

[31] 37 41 34 39 37 46 34 44 45 41 41 29 36 38 35 32 36 39 30 38 40 27

Now using these values, the average of the simulation values is cacluated as follows:

mean(x)

35.3462

Now using this with the value of profit of $50 gives:

Average Profit=$50 x 35.3462

Average Profit=$1767.31

The average weekly profit is $1767.31

b-

First number of cases are required so that the value will be greater than 2000 it is given as

Number of cases=2000/50=40

So firstly the Z-score is calculated which is as below:

$Z=\dfrac{x-\mu}{\sigma}\\Z=\dfrac{40-35}{5}\\Z=1$

Now the probability is given as

$P(X\geq 40)=P(Z\geq 1)\\P(X\geq 40)=1-P(Z< 1)$

The value of P(Z<1) is calculated from the table which is given as

0.84134

So the equation becomes

$P(X\geq 40)=1-P(Z< 1)\\P(X\geq 40)=1-0.8413\\P(X\geq 40)=0.1587$

So the probability of having a weekly profit of more than 2000 is 0.1587 or 15.87%.

4 0

3 years ago

In order to save $57,000 in five years, John will start saving money next month. He already has $10,000 in his account. The acco

Jlenok [28]

Answer:

He has to deposit $750.46 every month into the account

Explanation:

Future value id the accumulated amount of principal and compounded interest at the end of a specific investment period.

Assuming interest is compounding every month, use following formula to calculate the amount of payment each month.

FV = PV x ( 1 + r )^n + A x ( ( 1 + r )^n - 1 ) / r

$57,000 = $10,000 x (1+0.1%)^5x12 + A x ( ( 1+0.1% )^5x12 -1 ) / 0.1%

A = { $57,000 - [ $10,000 x ( 1 + 0.001 )^60 ] } / [ ( ( 1 + 0.001 )^60 )-1 / 0.001 ]

A = ( $57,000 - $10,618.05 ) / 61.80471

A = $46,381.95 / 61.80471

A = $750.46

3 0

4 years ago

Late in the day on September 11, 2001, the day of the World Trade Center attacks, Americans purchased all the American flags Wal

Musya8 [376]

Answer:

b. country culture

Explanation:

These are options for the question

a. generational cohort characteristics.

b. country culture.

c. a red/blue marketing campaign.

d. the Walmart Effect.

e. regional culture.

b. country culture.

From the question we are informed about Late in the day on September 11, 2001, the day of the World Trade Center attacks, Americans purchased all the American flags Walmart stores had available, nationwide. In this case These purchases were indicative of country culture. Country Cultures are things that make one countries different from each other in term of cultural activities as well as cultural rituals these could be materials, belief as well as values

7 0

3 years ago

I feel nice so just tell me your fave game

luda_lava [24]

Answer: The sims

Explanation: Because its the best

5 0

3 years ago

Read 2 more answers

Which is the primary source of revenue for the federal government

soldier1979 [14.2K]

The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.

8 0

4 years ago

Paid salaries to staff 1500​

Paid salaries to staff 1500