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2 years ago

9

new york city is the most expensive city in the united states for lodging the man hotel room rate is $204 per night . assume the

room rates are normally distributed with a standard deviation of $55. what is the probability a room cost $225 or more a night

1 answer:

Novay_Z [31]2 years ago

6 0

64% (225-204)/55 = .38 …. Z table = .35971 (1-.35971) = .64 = 64%. I’m about 90% confident that’s the right answer

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A company purchases shipments of machine components and uses this acceptance sampling plan: Randomly select and test 26 componen

Inessa [10]

Answer: 0.7973

Explanation:

Binomial probability formula :-

$P(x)=^nC_x\ p^x(1-p)^{n-x}$ , where P(x) is the probability of getting success in x trials , p is the probability of success in one trial and n is the number of trials.

Given : The probability of getting a defect components : $0.06$

If randomly select and test 26 components , then the probability that this whole shipment will be accepted will be :-

$P(x$

Hence, the probability that this whole shipment will be accepted = 0.7973

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3 years ago

Chad, who owns the only coffee shop in Rivercity, learns that Jose is about to open a competing coffee shop in the same small to

Leya [2.2K]

Answer:

Rivercity Coffee Shop

Chad cannot sue Jose. The $10,000 is paid to Jose is a bribe. Since a bribe is not legal, it cannot form the basis for an enforceable contract.

Moreover, the offer by Chad is an antitrust and anti-competition consideration that is legally frowned upon. illegal contract

Explanation:

For a contract to be enforceable, it cannot be illegal. A bribe is illegal. The basis for the contract is illegal. Therefore, Chad cannot sue Jose. Since Jose decided to breach the contract, neither Chad nor Jose is entitled to any compensation. Jose cannot be held liable for non-performance.

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3 years ago

A cafeteria buys muffins daily. Demand varies Uniformly between 30 and 50 muffins per day. The cafeteria pays $.20 per muffin an

kakasveta [241]

Answer:

The optimal stocking level is 45 muffins.

Explanation:

First we have to calculate the Overage cost Co = Purchase price - Salvage value = $0.2 - 0 = $0.2

Then the Underage cost Cu = Selling price - Purchase price =$0.80 - $0.2 = $0.60

Service level = Cu / (Cu + Co) = $0.60/($0.60+$0.2) = $0.75

Hence, optimal stocking level = Minimum demand + Service level *(Maximum demand - Minimum demand)

optimal stocking level = 30 + 0.75*(50-30) = 45

The optimal stocking level is 45 muffins.

Optimal stocking level = 68.75 Muffins

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2 years ago

In __________ through most of the 1800's, a firm stand was taken in favor of the classical economic views of smith and ricardo.

adell [148]

<span>In America through most of the 1800's, a firm stand was taken in favor of the classical economic views of smith and ricardo.</span>

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2 years ago

The Evendale Store is just one of many stores owned and operated by the company. The Apparel Department is one of many departmen

ExtremeBDS [4]

Answer:

<em>Direct cost for Apparel Department</em>

Apparel Department cost of sales—Evendale Store $116,100

Apparel Department sales commission—Evendale Store $7,950

Apparel Department manager’s salary—Evendale Store $9,950

<u><em>Total 134,000</em></u>

<em>Direct cost for Evendale Store</em>

Apparel Department cost of sales—Evendale Store $116,100

Store manager’s salary—Evendale Store $18,300

Apparel Department sales commission—Evendale Store $7,950

Apparel Department manager’s salary—Evendale Store $9,950

Janitorial costs—Evendale Store $13,700

<u><em>Total 166,000</em></u>

<u><em /></u>

<em>Apparel Direct cost which are also variable</em>

<em>(change as object cost increase)</em>

Apparel Department cost of sales—Evendale Store $116,100

Apparel Department sales commission—Evendale Store $7,950

<u><em>Total 124,050</em></u>

<u><em /></u>

Explanation:

a) we should consider which cost are directly linked into Apparel department only.

b) here we have to determinate cost directly linked into Evendale Store

c) While in this case, besides looking for cost linked to Apparel department, they also need to be variable thus, changing with the object cost.

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3 years ago