answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Igoryamba
2 years ago
7

When sam goes to a restaurant, he always tips the server $2 plus 10% of the cost of the meal. if sam’s distribution of meal cost

s has a mean of $9 and a standard deviation of $3, what are the mean and standard deviation of the distribution of his tips?
Business
1 answer:
o-na [289]2 years ago
5 0
Given that S<span>am's distribution of meal costs has a mean of $9 and a standard deviation of $3, this means that the range of Sam's meal cost that are within one standard deviation is given by ($9 - 3, $9 + 3) = ($6, $12).

Given that Sam </span><span>always tips the server $2 plus 10% of the cost of the meal, this means that when the cost of the meal is $9, Sam tips $2 + (0.1 x 9) = $2 + $0.9 = $2.90

Therefore, the mean of the distribution of Sam's tips is $2.90

Similarly, the </span><span>range of Sam's tips that are within one standard deviation is given by ($2 + 0.1(6), $2 + 0.1(12)) = ($2 + 0.6, $2 + 1.2) = ($2.6, 3.2) = ($2.9 - $0.3, $2.9 + $0.3)

Therefore, </span><span>the standard deviation of the distribution of Sam's tips is $0.3</span>
You might be interested in
Which analogy best represents the relationship between jobs and careers?
Tasya [4]

Answer:

A career is like a "building block" and a job is like "castle or a tower"

8 0
2 years ago
Read 2 more answers
Flyaway Travel Company reported net income for 2021 in the amount of $110,000. During 2021, Flyaway declared and paid $4,125 in
Lena [83]

Answer:

See below

Explanation:

7 0
2 years ago
Nathan works as an accountant for a mid-sized retail store. He has just completed a trial balance that resulted in no unexpected
faust18 [17]

Answer:

The next task for Nathan is likely to be:

  • Preparing the store's balance sheet.
  • Also to prepare other major financial statements.

Explanation:

Here, it is given that Nathan works as an accountant for a mid sized retail store. His tasks completed are a trial balance which has resulted in neither of the unexpected problems.

So, the next task for Nathan will be :

  • preparing the store's balance sheet.
  • Preparation of other major financial statements for the store.

The reports and all the major financial statements which are prepared by the accountants gives all the necessary informations that are used both in outside and the inside of the organisations for various decision making.

3 0
2 years ago
All of the following are negative impacts of downsizing on organizational performance, except ________. a) less commitment to th
Zina [86]

Answer: e) lower wage costs

Explanation: Reduction in the size of the workforce always have an immediate positive result or outcome in the case of lower wage costs. Companies who tend to cut employees and don't restructure experience stress reactions among their employees that can lead to increased sickness absences, lower concentration on the job, and lower creativity. But reduction in wages tend to have positive effects on the company.

6 0
2 years ago
Read 2 more answers
Tamara is a Managerial Accountant at Everything New. Everything New manufactures furniture. Tamara purchased leather to be used
Murrr4er [49]

Answer:

B. Raw Materials

Explanation:

Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity.  Raw Materials  are used in the production of a finished products (such as Crude Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas  Petrol, Yogurt and Garment are the finished products).

Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.

Answer is B. Raw Materials

4 0
2 years ago
Other questions:
  • Given the following information, determine if one of the brands is a better buy.
    13·2 answers
  • 1. What were some of the challenges that Chase encountered with setting up Buzzcar?
    11·1 answer
  • Say you own an asset that had a total return last year of 11.65 percent. If the inflation rate last year was 2.75 percent, what
    7·1 answer
  • April and Wayne are the buyer and seller of a condo, respectively. April is represented by Steve. Wayne is represented by Wanda.
    8·1 answer
  • A(n) _______ can track where the user goes on the Internet and measure how long the user stays at any particular website. This t
    13·1 answer
  • The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent un
    6·1 answer
  • Leona bought two different brands of wine from vineyards in Australia. When asked for her opinion about the wines, she said that
    12·1 answer
  • Cane Company manufactures two products called Alpha and Beta that sell for $195 and $150, respectively. Each product uses only o
    12·1 answer
  • Suppose Proctor​ &amp; Gamble​ (PG) and Johnson​ &amp; Johnson​ (JNJ) are simultaneously considering new advertising campaigns.
    6·1 answer
  • The expected annual maintenance expense for a new piece of ewquipment is $10,000. This is alternative A. alternatively, it is po
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!