1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amid [387]
4 years ago
11

Costs for standard veterinary services at a local animal hospital follow a normal distribution with a mean of $83 and a standard

deviation of $21. what is the probability that one bill for veterinary services costs between $51 and $114?
Business
1 answer:
chubhunter [2.5K]4 years ago
7 0
The probability that a randomly selected data from a normally distributed dataset with mean of μ, and standard deviation of σ, is between two values a and b is given by:

P(a\ \textless \ X\ \textless \ b)=P(X\ \textless \ b)-P(X\ \textless \ a) \\  \\ =P\left(z\ \textless \  \frac{b-\mu}{\sigma} \right)-P\left(z\ \textless \  \frac{a-\mu}{\sigma} \right)

Given that the c<span>osts for standard veterinary services at a local animal hospital follow a normal distribution with a mean of $83 and a standard deviation of $21.

The probability that one bill for veterinary services costs between $51 and $114 is given by:

P(51\ \textless \ X\ \textless \ 114)=P\left(z\ \textless \ \frac{114-83}{21} \right)-P\left(z\ \textless \ \frac{51-83}{21} \right) \\  \\ =P(z\ \textless \ 1.476)-P(z\ \textless \ -1.524)=0.93005-0.06378 \\  \\ =\bold{0.8663}</span>
You might be interested in
Which of these factors are considered an advantage of a stock repurchase?
Lubov Fominskaja [6]
<span>Stockholders who sell their stock back to the company might claim that they were not made fully aware of all implications of the repurchase. The price of the firm's stock might benefit ore from ash dividends than from a repurchase.</span>
4 0
4 years ago
Jane, Jon, and Clyde incorporate their respective businesses and form Starling Corporation. On March 1 of the current year, Jane
Bumek [7]

Answer:

Explanation:

a)

No gain on exchanged would be recognized by any parties if the three exchanges are part of a pre-arranged plan.

b)

The gain that C will recognize on exchange is calculated below:

               Recognized gain = value of property - Basic of property

              = $350,000 -$90,000

              =$260,000

Therefore the gain that C will recognized on exchange is $260,000

c)

The parties could structure the transaction by using $351 if the property that Clyde contributes has a basis of $490,000(instead of $90,000).The realized gains would not be recognized under this section.Hence,it would be a benefit for all the parties.Moreover,the loss of $140,000,{$490,000(FMV) -$350,000(basic)}on C's exchange could be recognized

5 0
3 years ago
How can advertisers use social proof to sell their product? by showing how other users have benefited from their products by dis
Leni [432]
Advertisers can use social proof to sell their products by showing how other users have benefited from their productS.
6 0
3 years ago
What term refers to the productivity benefits companies receive from
xeze [42]

Answer: Economies of scale

4 0
3 years ago
Read 2 more answers
You are responsible for developing a promotional strategy for a new business that is a combination shoe store and bar. You need
MakcuM [25]

Answer:

1. A niche market will be targeted. This market will purchase shoes with high quality raw material and the finished goods are also luxurious. Price will be high for the shoes which will be affordable for the niche class of market.

2. The brand name will be Luxo Shoes. This name will be self explanatory about its luxurious shoes. Also a tag line can be added to increase the clarity for eg. Fit for a Prince/Princess.

3. The business will be selling high quality and beautiful shoes that will be able to attract all the shoes lovers and will be targeted to the niche class.

4. Promotional Tools

Advertising.

Advertisement with a well known actor will enable the fans of the actor to purchase shoes.

Sales Promotions

Adding a 20% opening discount will gain those who like to buy products when they are on discounts.

Publicity

Targeted publicity to reach the niche class by adding pamphlets in newspapers and distributing in rich locality.

Explanation:

1. A niche market will be targeted. This market will purchase shoes with high quality raw material and the finished goods are also luxurious. Price will be high for the shoes which will be affordable for the niche class of market.

2. The brand name will be Luxo Shoes. This name will be self explanatory about its luxurious shoes. Also a tag line can be added to increase the clarity for eg. Fit for a Prince/Princess.

3. The business will be selling high quality and beautiful shoes that will be able to attract all the shoes lovers and will be targeted to the niche class.

4. Promotional Tools

Advertising.

Advertisement with a well known actor will enable the fans of the actor to purchase shoes.

Sales Promotions

Adding a 20% opening discount will gain those who like to buy products when they are on discounts.

Publicity

Targeted publicity to reach the niche class by adding pamphlets in newspapers and distributing in rich locality.

5 0
3 years ago
Other questions:
  • On January 1, Year 5, customers owed Eagle $40,000. On December 31, Year 5, customers owed Eagle $30,000. Eagle uses the direct
    5·1 answer
  • A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share. The entry to record this tra
    12·1 answer
  • You need to have $33,250 in 20 years. You can earn an annual interest rate of 4 percent for the first 6 years, 4.6 percent for t
    5·1 answer
  • IBM stock has been traded on stock market for many years. A sale by IBM of new stock to the public in year 2015 would be a(n)
    7·1 answer
  • How can a business support the community​
    6·2 answers
  • Everything that consumers evaluate when deciding whether to buy a good or service is called the
    15·1 answer
  • Organizational Design: Potential Merger of Hershey and Cadbury Organizational design is a process that deals with how an interna
    13·1 answer
  • People need to have ____ in the economy to spend money.
    8·1 answer
  • What are the legal requirements owners should fulfill before forming a corporation
    8·1 answer
  • Answer this question based on the dividend growth model. If you expect the market rate of return to increase across the board on
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!