Question
In: Statistics and Probability
Each year, ratings are compiled concerning the performance of new cars during the first 30 days...
Each year, ratings are compiled concerning the performance of new cars during the first 30 days of use. Suppose that the cars have been categorized according to whether a car needs warranty-related repair (yes or no) and the country in which the company manufacturing a car is based (in some country X or not in country X). Based on the data collected, the probability that the new car needs a warranty repair is 0.08, the probability that the car is manufactured by a company based in country X is 0.50, and the probability that the new car needs a warranty repair and was manufactured by a company based in country X is 0.025. Use this information to answer (a) through (d) below.
a. Suppose you know that a company based in country X manufactured a particular car. What is the probability that the car needs warranty repair? (round to three decimal points)
b.Suppose you know that a company based in country X did not manufacture a particular car. What is the probability that the car needs warranty repair?
c.Are need for warranty repair and location of the company manufacturing the car independent?
a- no
b- yes
c- not enough info
Solutions
orchestra answered 2 years agoRelated Solutions
Each year, ratings are compiled concerning the performance of new cars during the first 60 days...
Each year, ratings are compiled concerning the performance of
new cars during the first 60 days of use. Suppose that the cars
have been categorized according to whether a car needs
warranty-related repair (yes or no) and the country in which the
company manufacturing a car is based (in some country X or not in
country X). Based on the data collected, the probability that the
new car needs a warranty repair is 0.07, the probability that the
car is...
Each year, ratings are compiled concerning the performance of new cars during the firs 90 days...
Each year, ratings are compiled concerning the performance of
new cars during the firs 90 days of use. Suppose that the cars have
been categorized according to whether the card needs warranty-
related repair( yes or no) and the country in which the company
manufacturing the car is based ( united states or not united
states)Based on the data collected, the probability that the new
car needs a warranty repair is 0.04, the probability that the car
is manufactured by...
Journal Entries for Plant Assets During the first few days of the year, Jules Company entered...
Journal
Entries for Plant Assets
During the first few
days of the year, Jules Company entered into the following
transactions:
1
Purchased a parcel of land with a building on it for $900,000 cash.
The building, which will be used in operations, has an estimated
useful life of 20 years and a salvage value of $60,000. The
assessed valuations for property tax purposes show the land at
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2
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Data: Fuel economy ratings for different cars. OLD: 16 27 17 33 NEW: 15 24&
Data: Fuel economy ratings for different cars.
OLD: 16
27
17 33
NEW: 15
24
12 29
Is there a linear correlation between old ratings and new
ratings and explain why. Use an α = 0.05 significance level. The
critical value of the Pearson Correlation Coefficient r is 0.950
(for n = 4 and α = 0.05).
If during the first year of the new administration, American students organize a boycott of clothing...
If during the first year of the new administration, American
students organize a boycott of clothing produced in foreign ‘sweat
shops’ and Immigration of workers suitable for employment in the
clothing market slows. Explain the long-term effects each will have
on both wages and employment levels in the domestic clothing labor
market?
During 2019, Peter rented his vacation home for 90 days and spent 30 days. Gross rental...
During 2019, Peter rented his vacation home for 90 days and
spent 30 days. Gross rental income from the property was $15,000.
Peter incurred the following expense:
Mortgage and Real Estate taxes 9000
Utilities 2500
Repairs and Maintenance 1200
Depreciation 4000
Using IRS method for vacation home, compute Peters deduction for
the vacation home
1. Total mortgage interest and real estate taxes allocated to
vacation home?
2. Total utilities allocated to vacation home?
3. Total repairs allocated to vacation home?...
A 30-year annuity has end-of-month payments. The first year the payments are $120 each. In subsequent...
A 30-year annuity has end-of-month payments. The first year the
payments are $120 each. In subsequent years the monthly payment
increases by $5 over what it was the previous year.
Find the accumulated value of this annuity if
AEIR=3%
A.
84,820
B.
42,390
C.
105,070
D.
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E.
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Explain the reason for each Performance Standard of first aid for an adult: Performance Standard Rationale...
Explain the reason for each Performance Standard of
first aid for an adult:
Performance Standard
Rationale
Assess and Activation: Scene safety
Example:
-pause and look at the person and the scene before
responding
ASSESSES: Checks for responsiveness, pulse and breathing (or no
breathing, abnormal breathing, or only gasping) at least 5 seconds
no more than 10 seconds.
ACTIVATES emergency response system and send someone to get the
AED
GIVES HIGH-QUALITY CPR: starts with compressions
Hand Placement
Adequate Rate (100 to...
Suppose during the first year of the new administration, several events occur: • Wages in market...
Suppose during the first year of the new administration, several
events occur:
• Wages in market X - which requires workers with the same
traits and skills as workers in the clothing market – rise
• American students organize a boycott of clothing produced in
foreign ‘sweat shops’.
- Briefly explain the long-term effects each will have on both
wages and employment levels in the domestic clothing labor
market?
1) As you plan for a new corporate project, you find that during the first year...
1) As you plan for a new corporate project, you find that during
the first year of the project's life the expectation is that
revenues will total $100,000, variable costs will be 60% of
revenues, fixed costs will be $30,000, and depreciation will be
$10,000. Given a corporate tax rate of 40%, find the free cash-flow
for the first year of the project. Enter your number in dollars,
with no decimals.
2) Same as for the question above, you plan...
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