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insens350 [35]
2 years ago
15

In the field of quality control, the science of statistics is often used to determine if a process is "out of control". Suppose

the process is, indeed, out of control and 20% of items produced are defective. (a) If three items arrive off the process line in succession, what is the probability that all three are defective? (b) If four items arrive in succession, what is the probability that three are defective?
Business
1 answer:
devlian [24]2 years ago
4 0

Answer:

probability = 0.008

probability = 0.0256

Explanation:

we know here probability of defective is 0.2

so probability of not defective is 1 - 0.2 = 0.8

as we know 3 item is arrive off process line in succession

so The probability that an item is defective is

as P(defective) = 0.20

as all item are independent so

probability that all three items are defective is

probability = 0.20  × 0.20  × 0.20 = 0.008

and

probability that exactly 3 of next 4 are defective

so number of way that can choose 3 out of 4 is

= \frac{4!}{3! ( 4-3)!}

= 4

so as all are independent probability is

probability = ( the number of way to choose 3 out of 4 ) × ( 3 item defective ) × ( 1 item not defective )

probability = _4 C_3 × 0.2³ × ( 1- 0.2)

probability = 4 × 0.008 × 0.8

probability = 0.0256

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Dividend payout ratio is an important financial measure which measures the ratio of company's dividends payment to net income of the company.

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Dividend payout ratio=dividends/net income=$100/$200=50%

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Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Su
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Answer:

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The law of marginal returns applies here, that is why Sunshine donuts didn't produce twice as many by using more machines

How much should Donny realistically expect his production to increase with the new equipment?

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Similar to the additional production that Sunshine had in the past.

How much should Sunshine realistically expect her production to increase with the new equipment?

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2 years ago
You created a financial model for a pitchbook being presented tomorrow to a potential new client. While reviewing the final vers
sashaice [31]

Explanation:

A pitchbook is confidential document. It is basically a sales document, used by the sales force, which contains main features or attributes of the firm, the potential of the firm and the future aspects of the firm in detail.

So keeping the given question in mind, I would write to my supervisor as follows:

Subject: Assistance Required

Body:

Dear Sir,

By reviewing the whole document finally, which is to be presented to the client tomorrow, I found some mistakes in the results. I came to know that the results are incorrect and are surely needed to be corrected before the presentation.

I recommend you to delay the meeting for 3 hours by the scheduled time, as i need to check and correct the whole figures again and this would take time.

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On June 2, 2021, Tabitha Co. purchased a franchise for $586,000 by signing a five-year contract. At the end of the five years, t
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Answer:

Tabitha Co.

The gain recorded on the sale of the patent is:

= $7,933

Explanation:

a) Data and Calculations:

June 2, 2021, Purchase of Franchise for $586,000

Period of franchise = 5 years

September 1, 2023, Sale of Franchise for $340,000

Annual amortization expense = $117,200 ($586,000/5)

Amortization Schedule:

June 2, 2021 to December 31, 2021 = $58,600 ($117,200/2)

Jan. 1, 2022 to December 31, 2021 =  $117,200

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