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GrogVix [38]
2 years ago
8

A major U.S. automaker has determined that the city mileage for one of its new SUV models is normally distributed with a mean eq

ual to 15.2 mpg. A report issued by the company indicated that 22 percent of the SUV model vehicles will get more than 17 mpg in the city. Given this information, what is the city mileage standard deviation for this SUV model?
Business
1 answer:
g100num [7]2 years ago
3 0

Answer:

city mileage standard deviation for this SUV model is 2.34 mpg

Explanation:

given data

mean = 15.2 mpg

company indicated SUV more than 17 mpg  = 22 %

to find out

city mileage standard deviation

solution

we know here that

P(Z > 0.77) is = 0.22

so here z is

z = 0.77

and

we use here z-score formula that is

mean x = z × \sigma + \mu   ................1

so

\sigma = ( x - \mu ) ÷ z   ................2

put here value and we get

\sigma = \frac{17-15.2}{0.77}  

\sigma = 2.34

so city mileage standard deviation for this SUV model is 2.34 mpg

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Juanita Cash, the operations planner for the First State Savings and Loan, is planning the next quarter's level of deposits. She
yulyashka [42]

Answer:

For each one percent increase in the interest rate, amount of deposit increases by 11.145%

Explanation:

To obtain the amount rate at which deposit increase per percentage increase in interest rate ;

We obtain the slope Coefficient of the regression equation between the amoub of deposit and interest rate paid.

From the result of the analysis given ;

The slope Coefficient of X, interest rate % is 11.145

Hence, For each one percent increase in the interest rate, amount of deposit increases by 11.145%

4 0
2 years ago
Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.0
anyanavicka [17]

Answer:

WACC is 9.26%

Explanation:

WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

According to WACC formula

WACC = ( Cost of common share x Weightage of common share ) + ( Cost of Preferred share x Weightage of Preferred share ) + ( Cost of debt x Weightage of debt )

Cost of debt is already given as after tax cost of debt.

WACC = ( 12.75% x 45% ) + ( 7.5% x 15% ) + ( 6% x 40% )

WACC = 5.7375% + 1.125% + 2.4% = 9.2625 % = 9.26%

4 0
2 years ago
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manuf
xenn [34]

Answer:

Option A net worth  -215,906.03

Option B net worth  -210, 159.75

It is a better deal to use the machine through lease than purchase it as the net worth is lower.

Explanation:

Purchase the machine:

-164,000 purchase cost

PV of the maintenance cost

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C -9,000.00

time 10

rate 0.08

-9000 \times \frac{1-(1+0.08)^{-10} }{0.08} = PV\\

PV -$60,390.7326

PV of the salvage value

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  14,000.00

time  10.00

rate  0.08000

\frac{14000}{(1 + 0.08)^{10} } = PV  

PV   6,484.7088

<em>net worth: </em>

-162,000 - 60,390.73 + 6,484.70 = -215,906.03

PV of the lease: (annuity-due)

C \times \frac{1-(1+r)^{-time} }{rate} (1+rate)= PV\\

C 29,000.00

time 10

rate 0.08

29000 \times \frac{1-(1+0.08)^{-10} }{0.08} (1+0.08) = PV\\

PV $210,159.7494

6 0
2 years ago
“E-Commerce is a boon to small scale enterprises, `entrepreneurs and customers”. Explain.
Mumz [18]

Answer:

SMEs have realised the importance of E-commerce and using it to gain growth and sustainability.

Explanation:

E-commerce has been a revolutionary step for small scale enterprises and customers towards ease of doing business and e- commerce has helped business to grow and expand. It has helped enterprises to increase their revenue, low operational cost and online presence. Customers can buy goods and services just by a click. They prefer e-commerce because everything is accessible online.

6 0
2 years ago
Interaction jobs are those jobs which: A. require intense levels of interaction with clients. B. require close coordination and
Andrei [34K]

Answer: Require close coordination and collaboration.

Explanation:

Interaction jobs are jobs that requires an employee to constantly interact with customers to listen to their complaints/challenges faced as regards a company's product and seeking for means of solution to the complaints/challenges. Interaction jobs needs an employee to constantly work with consumers of a company's product.

3 0
2 years ago
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