1.- Find the following probabilities. (a) P(Z > 1.4) (b) P(−1 < Z < 1) (c) P(Z < −1.49)
2.- Find (a) Z0.03 (b) Z0.07
3.- The distance that a Tesla model 3 can travel is normally distributed with a mean of 260 miles and a standard deviation of 25 miles.
(a) What is the probability that a randomly selected Tesla model 3 can travel more than 310 miles?
(b) What is the probability that a randomly selected Tesla model 3 can travel less than 300 miles?
(c) What is the probability that a randomly selected Tesla model 3 can travel between 235 miles and 310 miles?
(d) Now, suppose that you pick a random sample of 9 Tesla model 3. What is the probability that the sample mean will be more than 250 miles.
(e) Does the Central Limit Theorem applies in Part (d)? Explain.
In: Statistics and Probability
or a new type of tire, a racing car team found the average distance a set of tires would run during a race is 166 miles, with a standard deviation of 14 miles. Assume that tire mileage is independent and follows a Normal model. a) If the team plans to change tires twice during a 500-mile race, what is the expected value and standard deviation of miles remaining after two changes? b) What is the probability they won't have to change tires a third time (and use a fourth set of tires) before the end of a 500 mile race? a) The expected value for miles remaining is 168 miles. (Type an integer or decimal rounded to three decimal places as needed.) The standard deviation for miles remaining is 19.799 miles. (Type an integer or decimal rounded to three decimal places as needed.) b) The probability they won't have to change tires a third time is (Type an integer or decimal rounded to three decimal places as needed.)
In: Statistics and Probability
Prior to adjustment at the end of the year, the balance in Trucks is $301,820 and the balance in Accumulated Depreciation—Trucks is $102,720. Details of the subsidiary ledger are as follows:
|
Estimated |
Accumulated Depreciation at | Miles Operated | |||
|---|---|---|---|---|---|
| Truck No. | Cost | Residual Value | Useful Life | Beginning of Year | During Year |
| 1 | $80,950 | $14,800 | 245,000 miles | — | 20,200 |
| 2 | 59,800 | 5,800 | 300,000 miles | $14,730 | 32,600 |
| 3 | 75,620 | 13,000 | 202,000 miles | 62,060 | 7,700 |
| 4 | 85,450 | 22,000 | 235,000 miles | 25,930 |
22,300 |
A. Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year.
| Truck No. | Rate per Mile | Miles Operated | Credit to Accumulated Depreciation |
| 1 | .27 | 20,200 | 5454 |
| 2 | .18 | 32,600 | 5868 |
| 3 | .31 | 7,700 | ? |
| 4 | .27 | 22,300 | 6021 |
| Total | ? |
.31 x 7700 = 2387, but that is not the answer. How do I find it?
In: Accounting
A fisherman is in a row boat on a lake 2 miles form shore when he catches a huge fish. He wants to show the fish to his buddies in a tavern 3 miles down the straight shore. He can row 5 miles an hour and run 13 miles per hour. To what point on the shore should he row to get to the tavern as quickly as possible?
In: Math
In: Statistics and Probability
Loren Satina is the sole owner of Clear View park,a public camping ground near the lake mead national recreation area.loren has compiled the following financial information as of December 31,2017
| Particulars | Amount$ |
| Revenues during 2017 -camping fees | 1,40,000 |
| Revenues during 2017 - Generla store | 65,000 |
| Accounts payable | 11,000 |
| Original cost of equipment | 1,05,500 |
| Cash on hand | 23,000 |
| Fair value of equipment | 1,40,000 |
| Notes payable | 60,000 |
| Expenses during 2017 | 1,50,000 |
| Accounts Receivable | 17,500 |
Instructions
(a) Determine Loren Satina's Net income from clear view park for 2017
(b) Prepare a Balance Sheet for clear view park as of December 31,2017
In: Accounting
Suppose an ocean-front hotel rents rooms. In the winter, demand is:
P1 = 110 - 1Q1
with marginal revenue of:
MR1 = 110 - 2Q1
However, in the summer, demand is:
P2 = 260 - 1Q2
with marginal revenue of::
MR2 = 260 - 2Q2
Furthermore, suppose the hotel's marginal cost of providing rooms is MC= 5 + 1Q which is increasing in Q due to capacity constraints.
Suppose the hotel engages in peak-load pricing. During the winter, the profit-maximizing price is $_______ and theprofit-maxizing quantity is _______ rooms.
During the summer, the profit-maximizing price is $______ and the profit-maximizing quantity is _______.
The marginal cost of production is higher during the _______ (Summer/Winter) during which time the hotel charges a _______ ( Higher/ Lower) price.
In: Economics
Q4 Hotel California has 160 rooms. The hotel has an ample low-fare demand at the room rate of $200 per night, but the demand from the high-fare class which pays $450 per night on average, is uncertain. Table below shows the number of high-fare rooms that were booked during the past 30 days. How many rooms should Hotel California protect for high-fare customers to maximize its expected revenue? (6 points)
|
Number of high-fare rooms |
Frequency |
|
0 |
5 |
|
1 |
3 |
|
2 |
6 |
|
3 |
8 |
|
4 |
4 |
|
5 |
1 |
|
6 |
1 |
|
7 |
2 |
|
Total=30 |
In: Operations Management
Please provide an aswer and reference(s) to the question below from a classmate. Thank you in advance!
Class,
I am having a problem with the following problem:
A certain brand of automobile tire has a mean life span of 39,000 miles and a standard deviation of 2,250 miles. (Assume the life spans of the tires have a bell-shaped distribution.)
For the life span of 34,000 miles, z-score is = 34,000 x 39,000 = -2.22
2,250
For the life span of 34,000 miles, z-score is = 38,000 x 39,000 = -0.44
2,250
For the life span of 34,000 miles, z-score is = 31,000 x 39,000 = -3.56
2,250
The following is the part I am having trouble with:
The life spans of three randomly selected tires are 34,500 miles, 43,500 miles, and 39,000
miles. Using the empirical rule, find the percentile that corresponds to each life span:
1. The life span 34,500 miles corresponds to the ___th percentile?
2. The life span 43,500 miles corresponds to the ___th percentile?
3. The life span 39,000 miles corresponds to the ___th percentile?
I have found in the text in Chapter 2, p.88 where it talks about Empirical Rules and Bell-Shaped Distribution. I did find that number 3 is "50"th percentile, as it is also the mean value in this problem set. Numbers 1 and 2 I am having an issue calculating. Any help from my battle buddies would be outstanding. Thank you in advance!
Reference:
Larson, R. & Farber, B. (2015). Elementary Statistics: picturing the world. 6th edition.
In: Math
Scott placed a business auto in service on January 1 2016 and drove it 5629 miles for business 3377 miles for commuting and 6755 miles for non-business service what about can he deduct on his taxes
In: Accounting