Question

In: Statistics and Probability

Trucks in a delivery fleet travel a mean of 130 miles per day with a standard...

Trucks in a delivery fleet travel a mean of 130 miles per day with a standard deviation of 17 miles per day. The mileage per day is distributed normally. Find the probability that a truck drives less than 164 miles in a day. Round your answer to four decimal places.

Solutions

Expert Solution


Related Solutions

Trucks in a delivery fleet travel a mean of 100 miles per day with a standard...
Trucks in a delivery fleet travel a mean of 100 miles per day with a standard deviation of 29 miles per day. The mileage per day is distributed normally. Find the probability that a truck drives at least 42 miles in a day. Round your answer to four decimal places.
Trucks in a delivery fleet travel a mean of 120 miles per day with a standard...
Trucks in a delivery fleet travel a mean of 120 miles per day with a standard deviation of 18 miles per day. The mileage per day is distributed normally. Find the probability that a truck drives less than 132 miles in a day. Round your answer to four decimal places.
Trucks in a delivery fleet travel a mean of 100 miles per day with a standard...
Trucks in a delivery fleet travel a mean of 100 miles per day with a standard deviation of 33 miles per day. The mileage per day is distributed normally. Find the probability that a truck drives at least 169 miles in a day. Round your answer to four decimal places.
In 2015, a delivery company purchased a fleet of local delivery trucks for $175,000. These are...
In 2015, a delivery company purchased a fleet of local delivery trucks for $175,000. These are 5 year assets. This company pays federal tax at a rate of 23% per year. (a) Develop a MACRS depreciation table for this asset, and compute the post-tax income of this company using their gross sales income given below. (b) Is this a good investment if MARR = 25% per year? (c) The company sold the trucks in September 2020 for $18,000. What are...
A company has just invested in a fleet of 12 new delivery trucks. They are identical...
A company has just invested in a fleet of 12 new delivery trucks. They are identical in terms of features, capability, and price. The companies operation involves deliveries to long haul' destinations, and 'short haul' destinations. The company assumes each truck to have a useful life of 5 years. Experience has shown that the 'long haul' trucks typically develop problems, or wear out, twice as fast as the 'short haul' trucks, primarily due to the significantly higher number of miles...
A travel survey reported that Americans spend a mean of $160 a day with a standard...
A travel survey reported that Americans spend a mean of $160 a day with a standard deviation of 12.25 a day when they sent on vacation. The sample size was 36. Find the 95% confidence interval for the population mean.
Pirate Company produces planks. They are currently considering replacing their fleet of delivery trucks. Replacing the...
Pirate Company produces planks. They are currently considering replacing their fleet of delivery trucks. Replacing the old trucks will require an initial outlay of $300,000 but Pirate Company will save $200,000 per year in fuel costs over the 6 year life of the project. The trucks will be depreciated at a cost of $50,000 per year. If the tax rate is 40% and WACC is 8%, should Pirate Company replace their current fleet of delivery trucks? Use the NPV criteria...
Hoi Chong Transport, Ltd. operates a fleet of delivery trucks in Singapore. The company has determined...
Hoi Chong Transport, Ltd. operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 150,000 kilometres during a year, the average operating cost is 13.1 cents per kilometre. If a truck is driven only 75,000 kilometres during a year, the average operating cost increases to 15.0 cents per kilometre. (The Singapore dollar is the currency used in Singapore.) Required: 1. Using the high-low method, estimate the variable and fixed cost elements of...
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined...
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 108,000 kilometers during a year, the average operating cost is 11.9 cents per kilometer. If a truck is driven only 72,000 kilometers during a year, the average operating cost increases to 13.7 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet...
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined...
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometer. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer. Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of the truck operation. (Do not...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT