Question

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.

  1. a. What are the values for a and b in minutes? (Do not round your intermediate calculations.)

  1. b-1. What is the mean time to resolve the problem? (Do not round your intermediate calculations. Round your answer to 2 decimal places.)

  1. b-2. What is the standard deviation of the time? (Do not round your intermediate calculations. Round your answer to 2 decimal places.)

  1. 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.)

  1. 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

Expert Solution

orchestra answered 1 year ago
Next > < Previous

Related 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...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT