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Aloiza [94]
2 years ago
14

West Virginia has one of the highest divorce rates in the nation with an annual rate of approximately 5 divorces per 1000 people

(Centers for Disease Control and Prevention website, January 12, 2012). The Marital Counseling Center, Inc. (MCC) thinks that the high divorce rate in the state may require them to hire additional staff. Working with a consultant, the management of MCC has developed the following probability distribution for x = the number of new clients for marriage counseling for the next year.
West Virginia has one of the highest divorce rates

a. Is this probability distribution valid?
SelectYesNoItem 1

Explain.

f(x) Selectgreater than or equal to 0less than or equal to 0greater than or equal to 1less than or equal to 1Item 2
?f(x) Selectequal to 1not equal to 1greater than 1less than 1Item 3
b. What is the probability MCC will obtain more than 30 new clients (to 2 decimals)?

c. What is the probability MCC will obtain fewer than 20 new clients(to 2 decimals)?

d. Compute the expected value and variance of x.

Expected value clients per year
Variance squared clients per year
Business
1 answer:
Alex17521 [72]2 years ago
8 0

Answer:

a. Yes. It is a probability density function because \sum f(x) =1

. b. probability MCC will obtain more than 30 new clients=P(40)+P(50)+P(60)= 0.20+0.35+0.20=0.75

c. probability MCC will obtain fewer than 20 new clients= P(10)= 0.05

d.

x f(x) x*f(x) x*x*f(x)

10 0.05 0.5 5

20 0.1 2 40

30 0.1 3 90

40 0.2 8 320

50 0.35 17.5 875

60 0.2 12 720

1 43 2050

expected value = \sum xf(x) = 43

Variance = 2050-43^2= 201

Explanation:

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Jackie’s Coffee is a sit-down café with a wait staff that takes customers’ orders. Jackie's competitor, Johnny's Coffee Shack, s
Pani-rosa [81]

Answer:

differentiated by quality/design

Explanation:

In this scenario the two coffee shops have different strategies for sale. While Jackie's coffee is a sit down cafe with a waiter service that takes personalised orders, Johnny's coffee sells at various kiosks it owns.

These two businesses are differentiated by quality or design. Jackie's has more quality because of the personalised service provided to customers.

Jackie uses design of a sit down cafe in one location, while Johnny's business design is to sell coffee at various locations (kiosks)

3 0
2 years ago
Next year’s sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of
Lena [83]

Answer:

The budgeted production of Product A for the year would be is 20,400 units

Explanation:

Since in the question, the ending inventory is 20% higher than beginning inventory.

So,

Let us assume the beginning inventory is based on 100. So, for ending inventory it would be 100 + 20 = 120

Now,

Method 1 : Ending inventory = 2,000 × 120 ÷ 100

                                        = 2,400

Method 2 : Ending inventory = 2000 + 2000 × 20%

                                 = 2000 + 400

                                 = 2400 units

In both the methods, the answer is same

After considering the ending inventory, the budgeted could be calculated by using the equation which is shown below:

= Ending inventory + Forecast sales - beginning inventory

=  2,400 + 20,000 - 2,000

= 20,400 units

Thus, budgeted production of Product A for the year would be is 20,400 units.

3 0
2 years ago
Create, Inc., a domestic corporation, owns 100% of Vinyl, Ltd., a foreign corporation and Digital, Inc., a domestic corporation.
Bumek [7]

Answer:

c.Create, Vinyl, Digital, and Record

Explanation:

The answer is

c.Create, Vinyl, Digital, and Record

Since Create Inc. which is a domestic corporation, owns 100% shares in two enterprises. One is Vinyl Ltd. which is a foreign corporation and the other is Digital Inc. which is a domestic corporation. And Create Inc. also happens to own 12% shares in a domestic corporation named Record Inc.

Now since Create Inc. owns shares in all the three corporations, all these corporations's net income will be included in the Create's income statement current-year financial report.

Thus the answer is

c.Create, Vinyl, Digital, and Record

6 0
2 years ago
Dove and Eagle formed a business entity in which they are equal owners. Dove contributed cash of $100,000, and Eagle contributed
nlexa [21]

Answer:

S corporation

Explanation:

In the given case, The eagle basis at the closing of the year is 70,000 i.e. $40,000 + $30,000 (50% of $60,000)

In the case when the entity was a general partnership so 50% of $10,000 i.e. $5,000 would be added to the basis of Eagle

So here the type of entity that was formed is S corporation

The same is relevant

4 0
2 years ago
On March 11, 20XX, the existing or current (spot) one-year, two-year, three-year, and four-year zero-coupon Treasury security ra
Elan Coil [88]

Answer:

Explanation:

one-year forward rate for year 2:

(1+4.75%)(1+f)=(1+4.95%)^2    

(1+4.75%)(1+f)=1.10145025

(1+F)=1.10145025/1.0475

(1+f)=1.0515

f= 5.15%

one-year forward rate for year 3 :

(1+4.95%)^2 (1+f)=(1+5.25%)^3    

(1+4.95%)^2 (1+f)=1.16591345312

(1+f)=1.16591345312 /1.10145025

(1+f)=1.0585

f=5.85%

one-year forward rate for year 4 :

(1+5.25%)^3 (1+f)=(1+5.65%)^4

(1+f)=1.0685

f= 6.85%

4 0
2 years ago
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