You have developed a self-service kiosk capable of serving about 15 clients per hour. You have been told that the average rate of customers using this kiosk is about 10 customers per hour. You also know that the number of customers who approach the kiosk per hour follows the Poisson distribution.

1. Write out the pmf of the Poisson RV in this case and solve for 20 customers approaching the kiosk.

2. Use an R function to find a probability for the above.

3. Have R generate random numbers following the above distribution for 100,000 intervals. What is the maximum number of customers approaching the kiosk in your simulation?

Please show steps in the calculation.

1. There are three kinds of apple sold in a supermarket, namely Red Delicious, Fuji and Ambrosia. By experience, the chance of a customer purchases Fuji three times as much as each of the other two kinds. Suppose, there are 10 unrelated customers going to buy an apple and the supermarket management is interested in studying the sales of Fuji.

Answer the following: (Hint: Binomial distribution)

1. Show this is a Binomial experiment by stating the requirement in the context.

2. What is the chance that 7 customers will buy Fuji?

3. What is the chance that 3 customers will not buy Fuji?

4. What is the chance that at most 8 customers will buy Fuji?

5. For these 10 customers, how many does the management expect to buy Fuji on the average?

Arberg Company’s controller prepared the following budgeted income statement for the coming year:

Amount Descriptions

Refer to the list below for the exact wording of text items within your income statement.

Ratios and Revenue

1. What is Arberg’s variable cost ratio? What is its contribution margin ratio?

2. Suppose Arberg’s actual revenues are $29,900 more than budgeted. By how much will operating income increase?

3(a) How much sales revenue must Arberg earn to break even?

Contribution Margin Income Statement

3(b) Prepare a contribution margin income statement to verify the accuracy of your answer. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement.

Margin of Safety

4. What is Arberg’s expected margin of safety?

5. What is Arberg’s margin of safety if sales revenue is $378,000?

While attempting to measure its risk exposure for the upcoming year, an insurance company notices a trend between the age of a customer and the number of claims per year. It appears that the number of claims keep going up as customers age. After performing a regression, they find that the relationship is (claims per year) = 0.47*(age) + 5.67. If a customer is 31 years old and they make an average of 12.02 claims per year, what is the residual?

Question 9 options:

wk 4 cs

What is your opinion or thoughts on this question below? I need a 4500-word summary including an introduction, body, sub-title, conclusion and 2-3 references. please, thank you.

The new president of Toyota, Akio Toyoda (grandson of the founder), has said, “Everyone says Toyota is the best company in the world, but the consumer doesn’t care about the world. They care if we are the best in town.” What do you think he means by that? Answer: Toyoda understands his customers.

1. A manager of the company would like to determine average delivery time of the products. A sample of 25 customers is taken. The average delivery time in the sample was four days with a standard deviation of 1.2 days. Suppose the delivery times are normally distributed.

1. Provide a 95 % confidence interval for the mean delivery time.
2. The manager claims that the average delivery time of their products does not exceed 3 days. Write the null and alternative hypothesis regarding to the claim of the manager.
3. Test the manager’s claim at 95 % confidence level.
4. Write the conclusion of your result

The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances:

The following is a summary of the transactions for the year:

The following information is available for the adjusting entries.

Accrued interest on the notes payable at year-end amounted to $3,600 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,600 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,400.

Create a Balance sheet and income statement

The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances:

The following is a summary of the transactions for the year:

The following information is available for the adjusting entries.

Depreciation for the year on the machinery is $5,400. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $7,400 paid in advance by customers, $5,700 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,300.