Questions
1.- Find the following probabilities. (a) P(Z > 1.4)    (b) P(−1 < Z < 1)...

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...

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...

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...

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

A random sample of 18 residents looked at how many miles residents were commuting (two ways)...

A random sample of 18 residents looked at how many miles residents were commuting (two ways) to get to work and back. The survey found that the average number of miles they commute had a mean of 23.2 miles round trip, and a standard deviation of 18.1 miles.

a) Calculate a 95% confidence interval for the true mean commute distances of the residents.

b) Interpret your interval from part (a)

In: Statistics and Probability

Determine Loren Satina's net income from clear view park for 2017,Prepare a balance sheet for clear view park as of December 31,2017

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...

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 the​profit-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...

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...

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...

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