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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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2 years ago
On January 1, 2016, Yukon Company agreed to grant its employees two weeks vacation each year, with the provision that vacations
andreev551 [17]

Answer:

The correct value is $9600.

Explanation:

As the complete question is not given, the complete question is attached herewith.

Since 8 vacation weeks were not taken during 2016 , Yukon's 2016 income statement should report  $9,600 ( 8 * $1,200) .

Journal Entry :

                                                                                  Debit          Credit

Salary expense                                                  $9,600

Liability – compensated future absences                         $9,600

( To record vacations earned but not taken)  

3 0
2 years ago
Josefina is the only seller of sopapillas in town. Last week, she sold 200 sopapillas, and the marginal revenue of the 200th sop
Alex73 [517]

Answer:

Josefina is not maximizing her profits since she is making a loss of $0.25.

Explanation:

The marginal revenue is the total amount of revenue received from selling an additional unit of product while the marginal cost is the total cost incurred for producing an additional unit of product. The marginal cost and revenue can be compared to determine if producing and selling an additional unit is profitable or will cause a loss.

The profit/loss can be expressed as;

P/L=R-C

where;

P=profit

L=loss

R=total marginal revenue

C=total marginal cost

In our case;

P/L=unknown

R=marginal revenue per unit×number of units=1.50×1=$1.50

C=marginal cost per unit×number of units=$1.75×1=$1.75

replacing;

P/L=1.50-1.75=-$0.25

Since the marginal cost is greater than the marginal revenue, we can conclude that Josefina is making a loss of $0.25

7 0
2 years ago
Which of the following generational groups is most likely to represent the present owners of cottages surrounding Witmer Lake?A)
yawa3891 [41]
I think it’s d but try to search it D
8 0
2 years ago
Pearson Collections (PC) sells one-pound cans of coffee for $25 each. The variable cost to produce each can is $17.50, and fixed
Scilla [17]

Answer:

200 cans

Explanation:

Given that,

Selling price per can = $25

Variable cost = $17.50 each can

Fixed operating costs = $1,500

Marginal tax rate = 40 percent

Profit per unit = Selling price - Variable cost

                         = $25 - $17.50

                         = $7.50

PC’s operating break-even point:

= Fixed cost ÷ Profit per unit

= $1,500 ÷ $7.50

= 200 cans

6 0
2 years ago
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