Where should a user store frequently used icons on a computer?

Consider this problem: Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil an

astraxan [27]

Answer:

The maximum time guaranteed = 19.04 minutes.

Explanation:

From the given problem data, we have:

Let Y be the random variable which follows the normal distribution.

So,

Y ~ N(u = 15, SD = 2.4

Where, u = mean and SD = Standard Deviation

Let the maximum time guaranteed is = M

So,

P (Y > M) = 0.05 equation 1

Convert this equation 1 into standard normal variable, that is,

P(Y> M) = 0.05

1 - P(Y $\leq$ M) = 0.05

P(Y $\leq$ M) = 1 - 0.05

P(Y $\leq$ M) = 0.95

P $(\frac{Y-u}{SD} \leq \frac{M-u}{SD} )$ = 0.95

P ( Z $\leq \frac{M - 15}{2.4}$ ) = 0.95 Equation 2

From the equation 2, we have,

$\frac{M-15}{2.4}$ = 1.644853627

1.644853627 value is from using the function of Excel

( =NORSINV(0.95)) = 1.644853627

So,

M = 1.644853627 + 2.4 + 15

M = 19.04

Hence, the maximum time guaranteed = 19.04 minutes.

6 0

3 years ago

Find the breakeven point, given the following data:

tekilochka [14]

The formula to find profit is

$q \: (p - vc) - fc = \pi$

where, q refers to quantity of output in units, p is the price per unit of output, vc is the variable cost per unit of output, fc is fixed cost and pi is profit. At the breakeven point profit is equals to zero, therefore:

$q(10.5 - 2.5) = 7 0000 \\ q = \frac{70000}{(10.5 - 2.5)} \\ q = 8750 \: units$

When we minus the variable cost from the price, this gives us the "contribution", which refers to the portion of the price of each unit sold that can cover the fixed cost. At the breakeven point, profit is zero because the business sell the amount that is just enough to cover their fixed cost, without making any loss or profit.

Hope this helps!

8 0

4 years ago

The accountant for Walter Company is preparing the company's statement of cash flows for the fiscal year just ended. The followi

lapo4ka [179]

Answer:

$25,400

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

The movement in the retained earnings balance may be expressed as

Opening balance + net income - cash dividend paid = closing retained earnings balance

Cash dividend declared - Cash dividend paid = Cash dividend payable

$49,000 - Cash dividend paid = $23,600

Cash dividend paid = $49,000 - $23,600

= $25,400

6 0

3 years ago

Basic earnings per share ignores:A. All potential common shares.B. Some potential common shares, but not others.C. Dividends dec

Aleksandr [31]

Answer:

A. All potential common shares.

Explanation:

Basic earnings per share ignores all potential common shares.

8 0

4 years ago

Suppose that in 1984 the total output in a single-good economy was 7,000 buckets of chicken. Also suppose that in 1984 each buck

Oduvanchick [21]

Answer: The answer is as follows:

Explanation:

Given that,

Output in 1984 = 7,000 buckets of chicken

Price in 1984 = $10

Output in 2005 = 22,000

Price in 2005 = $16

(1) GDP price index for 1984, using 2005 as the base year:

= $\frac{Price\ of\ good\ in\ specific\ year}{Price\ of\ good\ in\ base\ year}\times100$

= $\frac{10}{16}\times100$

= 62.5

(2) Price level, as measured by this index, rise between 1984 and 2005:

Percentage change in the price level = $\frac{New\ price\ level - original\ price\ level}{Price\ in\ base\ year}\times100$

= $\frac{100 - 62.5}{62.5}\times100$

= 60%

(3) Real GDP for t year = Base price × Quantity in t year

Real GDP in 1984 = Quantity in 1984 × Price in 2005

= 7,000 × 16

= $ 112,000

Real GDP in 2005 = Quantity in 2005 × Price in 2005

= 22,000 × 16

= $ 352,000

3 0

3 years ago