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Afina-wow [57]
2 years ago
14

The village of Hempstead has been taking a look at the issue of responding to 911 calls. It is a small community and geographica

lly dispersed, so the response calls have been relatively slow. The following is the response rates for the last five calls: 17 minutes, 12 minutes, 9 minutes, 16 minutes, and 14 minutes.
What was the mean response time for 911 calls in this village?

a. 13.6 minutes
b. 12.6 minutes
c. 14.2 minutes
d. 10.2 minutes
Business
1 answer:
yuradex [85]2 years ago
8 0

Answer:

\bar X = \frac{17+12+9+16+14}{5}= 13.6min

So then the best answer for this case would be:

a. 13.6 minutes

Explanation:

For this case we have the following data for the response rates:

17,12,9,16,14

And we want to calculate the mean response time for 911 calls in this village.

And for this case we use we can use the definition of sample mean given by:

\bar X = \frac{\sum_{i=1}^n X_i}{n}

Where n = 5 represent the sample size for this case. If we replace we got:

\bar X = \frac{17+12+9+16+14}{5}= 13.6min

So then the best answer for this case would be:

a. 13.6 minutes

The sample mean is an estimator unbiased of the population mean because:

E(\bar X) = E(\frac{\sum_{i=1}^n X_i}{n}) = \frac{1}{n} \sum_{i=1}^n E(X_i) = \frac{n\mu}{n}= \mu

For this reason is a good statistic if we want to see central tendency in a group of values.

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You were appointed the manager of Drive Systems Division (DSD) at Tunes2Go, a manufacturer of portable music devices using the l
Volgvan

Answer:

Answer is explained below.

Explanation:

A.

Assume the new testing equipment is rented and installed on December 31 and impact on this year's divisional operating profit

Loss from equipment write-off

Sales revenue 9,820,000    

Operating costs:    

Variable -1,190,000    

Fixed (cash expenditures) -4,390,000    

Equipment depreciation -960,000    

Other depreciation -710,000    

Loss from equipment write-off -5,040,000    

Operating profit (loss) before taxes

Operating profit (loss) before taxes=-$2,470,000(Loss)

Loss from equipment write-off= Value of equipment -Equipment Depreciation =$6,000,000-$960,000=$5,040,000

B.

Assume the new testing equipment is rented and installed on December 31. and the impact on next year's divisional operating profit

Sales revenue 9,820,000+690,900=10,510,900 Add 7% of 9,820,000=690,900  

Operating costs:    

Equipment rental -1,370,000    

Variable -1,190,000    

Fixed cash expenditures -4,390,000+263,400=-4,126,600 6%of 4,390,000=263400  

Equipment depreciation -960,000    

Other depreciation -710,000    

Operating profit (loss) before taxes 2,154,300(Profit)  

C.

Would you rent the new equipment - Yes Because it is benificial for Company as it is earning profit of $2,154,300

3 0
2 years ago
The spot USD /GBP rate is 1.5711. The1 year t-bill rate in the US is .19%. The 1 year rate in the UK is 0.39%.
mojhsa [17]

Answer:

Spot USD/GBP rate = 1.5711

(a) 1 year USD/GBP forward rate:

= [Spot rate × (1 + Domestic currency interest rate)] ÷ (1 + foreign currency interest rate)

= [1.5711 × (1+0.19%)] ÷ (1 + 0.39%)

= 1.56797, which means the USD will be at a forward premium

b) The observed 1 year forward rate is 1.60 which differs from the ideal forward rate.

This means an arbitrage opportunity exists here.

c) I would sell GBP forward for 1 year @ 1.60.

This means that I will receive USD 1.60 for every 1 GBP I sell instead of  1.56797 that is the ideal deal.

This is how I would take advantage of the arbitrage opportunity.

8 0
1 year ago
Cathy’s apartment was broken into and her two-year-old sound system was taken. Cathy had paid $1,400 for the system, but it will
dedylja [7]

Answer:

$1,240

Explanation:

The actual cash value coverage will pay for the replacement cost of Cathy's sound system minus depreciation.

replacement cost = $1,800

expected useful life = 10 years

depreciation for 2 years = $1,800 x 2/10 = $360

sound system's net value = $1,800 - $360 = $1,440

Cathy will receive = net value of sound system - deductible = $1,440 - $200 = $1,240

5 0
2 years ago
Fill in the blanks.
pantera1 [17]

Answer:

The blank spaces are bold

Explanation:

a. The line  is called the​ population regression plane.

b. The common conditional standard deviation of the response variable is denoted​ σ.

c. For x=​6, the conditional distribution of the response variable is a​ normal distribution having mean​ βx + 6β1  and standard deviation​ σ.

8 0
1 year ago
In her spare time, Sharon is the chair for a local nonprofit organization. The project committee is attempting to determine what
maxonik [38]

Answer: (D) Competing

Explanation:

 According to the given question, Sharon is one of the chair-person of a local non-profit organization and usually in her free time she selected the various types of ideas, thoughts and then forced her ideas on the other organizational members.

So, on the basis of the given concept she is using the competing approach to conflict as this type of approach is typically used for making quick decisions for the purpose of resolving various types of problems or issue is an organization. This is also known as the conflicting management style.  

Therefore, Option (D) is correct answer.

3 0
1 year ago
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