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In: Statistics and Probability
Exercise 7-6 (LO7-1) Customers experiencing technical difficulty with their Internet cable hookup may call an 800...
Exercise 7-6 (LO7-1)
Customers experiencing technical difficulty with their Internet cable hookup may call an 800 number for technical support. It takes the technician between 18 seconds and 11 minutes to resolve the problem. The distribution of this support time follows the uniform distribution.
-
a. What are the values for a and b in minutes? (Do not round your intermediate calculations.)
-
b-1. What is the mean time to resolve the problem? (Do not round your intermediate calculations. Round your answer to 2 decimal places.)
-
b-2. What is the standard deviation of the time? (Do not round your intermediate calculations. Round your answer to 2 decimal places.)
-
What percent of the problems takes more than 5 minutes to resolve? (Do not round your intermediate calculations. Round your answer to 2 decimal places.)
-
Suppose we wish to find the middle 50% of the problem-solving times. What are the end points of these two times? (Do not round your intermediate calculations. Round your answers to 3 decimal places.)
Solutions
orchestra answered 1 year agoRelated Solutions
Customers experiencing technical difficulty with their Internet cable hookup may call an 800 number for technical...
Customers experiencing technical difficulty with their Internet
cable hookup may call an 800 number for technical support. It takes
the technician between 28 seconds to 20 minutes to resolve the
problem. The distribution of this support time follows the uniform
distribution.
(a)
What are the values for a and b in minutes?
(Round your intermediate & final answers to 2 decimal
places.)
(b-1)
What is the mean time to resolve the problem? (Round
your intermediate & final answer to 2...
Customers experiencing technical difficulty with their Internet cable hookup may call an 800 number for technical...
Customers experiencing technical difficulty with their Internet
cable hookup may call an 800 number for technical support. It takes
the technician between 30 seconds and 10 minutes to resolve the
problem. The distribution of this support time follows the uniform
distribution.
a.
What are the values for a and b in minutes?
(Do not round your intermediate calculations. Round your
answers to 1 decimal place.)
a
b
b-1.
What is the mean time to resolve the problem? (Do...
Customers experiencing technical difficulty with their internet cable hookup may call an 800 number for technical...
Customers experiencing technical difficulty with their internet
cable hookup may call an 800 number for technical support. It takes
the technician between 18 seconds and 13 minutes to resolve the
problem. The distribution of this support time follows the uniform
distribution.
Suppose we wish to find the middle 50% of the problem-solving
times. What are the end points of these two times? (Do not round
your intermediate calculations. Round your answers to 3 decimal
places.)
Customers experiencing technical difficulty with their Internet cable hook-up may call an 800 number for technical...
Customers experiencing technical difficulty with their Internet
cable hook-up may call an 800 number for technical support. It
takes the technician between 30 seconds to 10 minutes to resolve
the problem. The distribution of this support time follows the
uniform distribution.
a. What are the values for a and b in minutes?
b. What is the mean time to resolve the problem? What is the
standard deviation of the time?
c. What fraction of the problems takes more than 5...
Exercise 7-9 Variable and Absorption Costing Unit Product Costs and Income Statements [LO7-1, LO7-2, LO7-3] Walsh...
Exercise 7-9 Variable and Absorption Costing Unit Product Costs
and Income Statements [LO7-1, LO7-2, LO7-3]
Walsh Company manufactures and sells one product. The following
information pertains to each of the company’s first two years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
24
Direct labor
$
11
Variable manufacturing overhead
$
3
Variable selling and administrative
$
2
Fixed costs per year:
Fixed manufacturing overhead
$
320,000
Fixed selling and administrative expenses
$
50,000
During its first year...
Exercise 7-9 Variable and Absorption Costing Unit Product Costs and Income Statements [LO7-1, LO7-2, LO7-3] Walsh...
Exercise 7-9 Variable and Absorption Costing Unit Product Costs
and Income Statements [LO7-1, LO7-2, LO7-3]
Walsh Company manufactures and sells one product. The following
information pertains to each of the company’s first two years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
28
Direct labor
$
13
Variable manufacturing
overhead
$
3
Variable selling and
administrative
$
2
Fixed costs per year:
Fixed manufacturing
overhead
$
320,000
Fixed selling and administrative
expenses
$
100,000
During its first year...
Exercise 7-9 Variable and Absorption Costing Unit Product Costs and Income Statements [LO7-1, LO7-2, LO7-3] Walsh...
Exercise 7-9 Variable and Absorption Costing Unit Product Costs
and Income Statements [LO7-1, LO7-2, LO7-3]
Walsh Company manufactures and sells one product. The following
information pertains to each of the company’s first two years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
25
Direct labor
$
15
Variable manufacturing overhead
$
5
Variable selling and administrative
$
4
Fixed costs per year:
Fixed manufacturing overhead
$
400,000
Fixed selling and administrative expenses
$
70,000
During its first year...
Exercise 7-5 Manufacturing Overhead Budget [LO7-6] The direct labor budget of Yuvwell Corporation for the upcoming...
Exercise 7-5 Manufacturing Overhead Budget [LO7-6]
The direct labor budget of Yuvwell Corporation for the upcoming
fiscal year contains the following details concerning budgeted
direct labor-hours:
1st
Quarter
2nd
Quarter
3rd
Quarter
4th
Quarter
Budgeted direct
labor-hours
8,200
8,300
8,600
8,000
The company’s variable manufacturing overhead rate is $2.25 per
direct labor-hour and the company’s fixed manufacturing overhead is
$50,000 per quarter. The only noncash item included in fixed
manufacturing overhead is depreciation, which is $12,500 per
quarter.
Required:
1....
Exercise 7-28 (Algo) Receivables; transaction analysis [LO7-3, 7-5, 7-6, 7-7, 7-8] Weldon Corporation’s fiscal year ends...
Exercise 7-28 (Algo) Receivables; transaction analysis [LO7-3,
7-5, 7-6, 7-7, 7-8]
Weldon Corporation’s fiscal year ends December 31. The following
is a list of transactions involving receivables that occurred
during 2021:
Mar.
17
Accounts receivable of $3,100 were written off as
uncollectible. The company uses the allowance method.
30
Loaned an officer of the company $39,000 and received a note
requiring principal and interest at 8% to be paid on March 30,
2022.
May
30
Discounted the $39,000 note at...
Exercise 7-8 (Algo) Sales returns [LO7-4] Halifax Manufacturing allows its customers to return merchandise for any...
Exercise 7-8 (Algo) Sales returns [LO7-4]
Halifax Manufacturing allows its customers to return merchandise
for any reason up to 90 days after delivery and receive a credit to
their accounts. All of Halifax's sales are for credit (no cash is
collected at the time of sale). The company began 2021 with a
refund liability of $450,000. During 2021, Halifax sold merchandise
on account for $13,000,000. Halifax's merchandise costs is 65% of
merchandise selling price. Also during the year, customers returned...
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