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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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Yes you will be able to afford your monthly payment 20+20=40+10=50+60=110+650 will be 760 out of 2100 so yes you can afford it
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2 years ago
Mobility Partners makes wheelchairs and other assistive devices. For years it has made the rear wheel assembly for its wheelchai
Cloud [144]

Answer:

Considering the allocate fixed cost, it would not be a good option.

It will generate a financial disadvantage of 22,950

Explanation:

\left[\begin{array}{cccc}&produce&buy&Differential\\Purchase&&282,600&-282,600\\Variable Cost&270,000&&270,000\\Fixed Cost&68,400&32,850&-35,550\\Total Cost&338,400&315,450&-22,950\\\end{array}\right]

Fixed overhead; 38 x 1800 = 68,400

There is a portion of 35,550 fixed cost which is tracable to the real wheel assembly line thus, will be eliminated.

But 32,850 would not.

Considering this, it would not be a good option to stop the assembly line and purchase the component

7 0
2 years ago
Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the produ
BARSIC [14]

Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the production process. The equivalent units for materials at Malcolm would be the sum of Units in beginning work in process and units started.

Answer: Option (2) is correct

<u>Explanation:</u>

The weighted average process costing system is used in case of those processes of production which are standardized.

The beginning cost of work in the process is added to the cost during the period and then it is divided by total equivalent units to arrive at the average cost per unit. Now the equivalent units for material at Malcolm would be units in the beginning work in process and the units started.

7 0
2 years ago
Lucky louie just won the lottery!! he has a choice of taking $1,000,000 in cash or receiving $50,000 per year for 30 years begin
kipiarov [429]
Given that Lucky won $1000000 and has an option of receiving $50000 p.a for 30 years, the total amount received after 30 years in case he goes for option 2 will be:
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The answer is D]
8 0
2 years ago
Read 2 more answers
Kirkwood acquires 100 percent of the outstanding voting shares of Soufflot Company on January 1, 2018. To obtain these shares, K
lesya [120]

Answer:

$555,000

Explanation:

Calculation for the amount that will be reported for consolidated cash after the acquisition is completed

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(900-400-15-10)

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4 0
2 years ago
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