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Tomtit [17]
1 year ago
8

A hot dog vendor sells an average of 50 hot dogs during a Little League baseball game. If the sales are Normally distributed wit

h a standard deviation of 7 hot dogs, what is the probability the vendor will sell between 45 and 65 hot dogs? Show your work.
Business
1 answer:
Kobotan [32]1 year ago
5 0

Answer:

74.64%

Explanation:

Average sales (μ) = 50 hot dogs

Standard deviation (σ) = 7 hot dogs

In a normal distribution, the z-score for any given number of hot dogs sold, X, is determined by:

z=\frac{X-\mu}{\sigma}

For X = 45 hot dogs:

z=\frac{45-50}{7}\\ z= -0.7143

For X = 65 hot dogs:

z=\frac{65-50}{7}\\ z= 2.1429

A z-score of -0.7143 falls in the 23.75th percentile of a normal distribution while a z-score of 2.1429 falls in the 98.39th percentile.

Therefore, the probability that he vendor will sell between 45 and 65 hot dogs is:

P(45 \leq X \leq 65) = 98.39-23.75\\P(45 \leq X \leq 65) = 74.64\%

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bulgar [2K]

Answer: C. Extraversion and Agreeableness

Explanation:

Extraversion is described as the quality of enjoying the company of people as opposed to be alone. A person that scores high on Extraversion charts is an EXTROVERT and enjoys being the centre of attention as well.

Chaurice had a Lot of Friends and was outgoing enough to help students adjust as a Peer Mentor. This shows that she is an EXTROVERT.

Agreeableness is the quality of being nice. An Agreeable person is compassionate, friendly, polite and empathetic. Such people tend to make good friends and are good team players.

Chaurice caring for Freshmen and having a lot of friends puts her in this category as well.

8 0
1 year ago
Read 2 more answers
On January 1, JKR Shop had $225,000 of inventory at cost. In the first quarter of the year, it purchased $795,000 of merchandise
Gala2k [10]

Answer:

The estimated cost of inventory at the end of the first quarter is $327,250.

Explanation:

Gross profit : The gross profit represents the difference between sale price and purchase price.

The gross profit margin shows the ratio between gross profit and sales.

The calculation of cost of ending inventory is shown below:

First we have to calculate the cost of good sold.

Cost of goods sold = Beginning Merchandise inventory + Purchase of merchandise inventory  - Returned Merchandise inventory + Freight charges

=  $225,000 + $795,000 - $11,550 +  $18,800

= $1,027,250

Now, we have to calculate the approximate cost of goods sold.

Since gross profit is 30% and net sales is $1,000,000

And, The Gross profit  = Sales - cost of goods sold

So the Approximate cost of good sold = Net sales × (1 - 30%)

                                                                = $1,000,000 × 70%

                                                                = $700,000

Here 70% is the cost of goods sold percentage and 1 here denotes sales.

After considering these amounts, the ending inventory would be

= Cost of goods sold - Approximate cost of goods sold

= $1,027,250 - $700,000

= $327,250

Hence, the estimated cost of inventory at the end of the first quarter is $327,250.

5 0
1 year ago
Of the following companies, which uses a direct marketing channel? A. Showdown, a clothing store that stocks merchandise from di
Stels [109]

Answer:

The correct answer is D. Holly Wreaths, a store that sells Christmas ornaments to customers via its online click-to-order catalogs

Explanation:

Direct marketing channel is the process of selling directly to the end buyer without any intermediary.

Holly Wreaths is selling directly to customers via its online click-to-order catalogs so this is direct marketing channel.

8 0
2 years ago
Kohl Co, provides warranties for many of its products. The January 1, 2019, balance of the Estimated Warranty Liability account
Brums [2.3K]

Answer and Explanation:

The computation is shown below;

a. For Warranty Expense

= Sales × Estimated Warranty Percentage%  

= $4,144,400 × 0.87%%

= $36,056.28

b)

The amount that should be reported is

Opening Balance of Estimated Warranty Liability Jan. 1, 2019 $42,635

Less: Actual warranty costs in 2019 ($26,750)

Add: Warranty expense accrued in 2019 $35,056

Closing  Balance of Estimated Warranty Liability Dec. 31, 2019 $50,941

8 0
1 year ago
29. Maxwell is trying to decide whether to accept a salary of $60,000 or a salary of $25,000 plus a bonus of 20% of net income a
Akimi4 [234]

Answer:

Maxwell world consider choice equal to $310000

Explanation:

given data

accept a salary = $60,000

salary = $25,000

bonus = 20% of net income

to find out

amount of income would be necessary so that Maxwell would consider

solution

we get here income by bonus that is express as

bonus = 2 ( income - bonus - salary )   ..............1

3500 = 2 ( income - ( 0.2 × 35000 ) - ( 0.2 × (75000 + 35000) )

solve it we get

income = $310000

so Maxwell world consider choice equal to $310000

3 0
1 year ago
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