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Vika [28.1K]
3 years ago
15

The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation

of $5,000. Refer to Exhibit 6-4. What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $47,500
Business
1 answer:
Sophie [7]3 years ago
8 0

Answer: The answer is 6.68%

Explanation:

Using the z value formula

Z = x - mean / standard deviation

x = $47,500

Mean = $40,000

Standard deviation = $5,000

= 47,500 - 40,000 / 5,000

= 7,500 / 5,000

= 1.5

Then we look for z value of 1.5 to the left of normal distribution table because the probability is at least

The z value is 0.0668

0.0668 × 100

= 6.68%

Therefore the probability that an individual with an MBA degree will get a starting salary of at least $47,500 is 6.68%

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Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started i
Scorpion4ik [409]

Answer: $12000

Explanation:

The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:

= $200,000 × 6%

= $200,000 × 6/100

= $200,000 × 0.06

= $12,000

Therefore, the correct option is C.

5 0
3 years ago
In the​ past, Peter​ Kelle's tire dealership in Baton Rouge sold an average of 1 comma 000 radials each year. In the past 2​ yea
Lina20 [59]

Answer:

Explanation:

For computing the demand for each sale, first we have to compute the average sale for each season which is show below:

Average sale in fall = (240 + 260) ÷ 2 = 250

Average sale in winter = (340 + 300)  ÷ 2 = 320

Average sale in spring = (140 + 160)  ÷ 2 = 150

Average sale in summer = (320 + 240) ÷ 2 = 280

Demand for next fall = (250  ÷ 1,000) × 1,200 = 300

Demand for next winter = (320  ÷ 1,000) × 1,200 = 384

Demand for next spring = (150  ÷ 1,000) × 1,200 = 180

Demand for next summer = 1,200 - (300+384+180) = 336

6 0
3 years ago
The decision to accept an additional volume of business should be based on a comparison of the revenue from the additional busin
musickatia [10]

Answer:

false

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. it should not be considered when making future decisions

7 0
3 years ago
2) Food bill before tax: $80<br>Sales tax: 7.9% Tip: 20%​
dangina [55]

Grand Total + Total Bill Subtotal Sales Tax (7.9%)

Total Tip (20%)

Each Pays + Sales tax of 7.9% towards $80.00 is $6.32

A tip of 20% towards $86.32 is $17.26

does this help?

3 0
3 years ago
Zapper has beginning equity of $293,000, net income of $69,000, dividends of $58,000 and stockholder investments of $24,000. Its
Yuki888 [10]

Answer:

$328,000

Explanation:

As we all know that:

Ending Equity = Opening Equity + Share Issues + Net Income – Net Loss – Dividends Paid

Here,

Opening Equity is $293,000

Money raised through Shares Issuance was $24,000

Net Income would be $69,000

Dividends paid were $58,000

There were no losses as their is Profit for the year (Net Income).

By putting values, we have:

Ending Equity = $293,000  +  $24,000   +  $69,000   -  $58,000

= $328,000

8 0
3 years ago
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