Question
In: Statistics and Probability
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.
Solutions
orchestra answered 1 year agoRelated 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 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.
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.
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...
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