Alex, Brian and Chris are equal partners in the ABC partnership. ABC owns a restaurant in Mineola and a retail music store in Asbury Park. It has $300,000 of loss from the restaurant and a $120,000 loss from the music store. Alex materially participates in the restaurant but has little to do with the music store. The partnership also earns $21,000 of interest during the year. Alex has $5,000 of passive income from his other activities. How much income or loss does Alex have from ABC, and how much of the loss can he deduct?
In: Accounting
. Root depth for grasses and shrubs in a type of soil known as glacial outwash was studied in Yellowstone National Park. It was found that the root depth in this type of soil is a normally distributed random variable with standard deviation 8.94 inches. (a) In a proposed study region of glacial outwash, how many plants should be carefully dug up and studied to be 90% sure that the sample mean root depth is within 0.5 inches of the population root depth? (b) How many to be 90% sure that it is within 0.25 inches? (Is there any obvious relationship to the answer of part (a)?
In: Statistics and Probability
Dizzy Inc. is the only operator of themed amusement parks (DizzyWorld). Dizzy’s production function (which, oddly, relies only on labor) is given by:
Q = 60L^0.5
Dizzy pays its workers w = $12. Consumer demand for admission to DizzyWorld is given by: QD = 24,000 – 200P
1a) Find Dizzy Inc’s profit-maximizing quantity (number of theme park admissions)
1b) Find what price Dizzy will charge to attain this level of demand?
1c) Compare (using SPECIFIC NUMBERS) the Monopoly P and Q with the outcomes form a perfectly competitive market
In: Economics
Business law:
Eminent domain is the constitutional principle that the government can take private property from an owner for a public purpose with fair compensation. Examples would be to build an airport, a park, or a highway. One controversial Supreme Court case allowed a city government to transfer ownership from one set of owners to a private corporation for a new headquarters building. The city said it was for "urban renewal" and would bring in more money for the city. Share your thoughts about whether this is a fair public use or if that transfer or ownership should not have been allowed.
In: Accounting
A survey found that women's heights are normally distributed with mean
63.5
in. and standard deviation
3.1
in. The survey also found that men's heights are normally distributed with mean
68.5
in. and standard deviation
3.4
in. Most of the live characters employed at an amusement park have height requirements of a minimum of
55
in. and a maximum of
64
in. Complete parts (a) and (b) below.
A) The percentage of men who meet the height requirements is?
B) If the height requirements are changed to exclude only the tallest 50% of men and the shortest 5% of men what are the new height requirements?
MIN & MAX
In: Statistics and Probability
In: Electrical Engineering
In: Advanced Math
PRACTICE ANOTHER
Suppose that a category of world class runners are known to run
a marathon (26 miles) in an average of 149 minutes with a standard
deviation of 12 minutes. Consider 49 of the races.
Let X = the average of the 49 races.
Find the 70th percentile for the average of these 49 marathons. (Round your answer to two decimal places.)
In: Statistics and Probability
A random sample of six cars from a particular model year had the following fuel consumption figures ( in miles per gallon). find the 98% confidence interval for the true mean fuel consumption for cars of this model year.
Sample Data: 19.3 , 18.5 , 18.4 , 20.9 , 20.7 , 18.7
Left Endpoint _____
Right Endpoint _____
In: Statistics and Probability
Consider the following reaction:
What is the value of Q for this reaction if the following were mixed in a 1.0 L flask:
0.400 mole C, 0.628 mole H2 and 0.212 mole CH4?
answer with one decimal place
C(s) + 2 H2(g) ⇌ CH4(g)
In: Chemistry