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Part I:
Use Table (https://www.itl.nist.gov/div898/handbook/eda/section3/eda3671.htm) to find the proportion of the normal curve that is
1) Between a z-score of .60 and the mean2) Between a z-score of 1.60 and the mean3) At or above a z-score of 1.304) At or below a z-score of 1.305) At or below a z-score of -1.006) At or above a z-score of -1.007) Between the z-scores of -1.00 and .608) Between the z-scores of -1.50 and .659) Between the z-scores of -1.96 and .25
Part II:
1. What percentage of a normal distribution is within 2 standard deviations of the mean? (Select the closest answer) The lengths of time bank customers must wait for a teller are normally distributed, with a mean of 3 minutes and a standard deviation of 1 minute. 2. What proportion of bank customers waits between 2 and 3.5 minutes
a. What percentage wait more than 4 minutes? b. What proportion waits between 1 and 2.5 minutes? c. What percentage wait less than 1 minute? 3. To estimate the medical charges for an appendectomy Blue Star Insurance has data from a random sample of 70 patients. The sample mean cost is $510, with a sample standard deviation of $70 Construct a 95% confidence interval for the population mean cost. 4. We are 95% confident that the populations mean costs of patients' medical charges for an appendectomy through Blue Star Insurance range is between _____________ and ________________. A real estate agent records the ages of 50 randomly selected home buyers in her sales area. The mean age is 38 years, with a sample standard deviation of 10 years. Find a 99% confidence interval for the mean age.
Analyzing Special-Order Decision
lifo versus fifo-impact on roi. natco inc. uses the fifo inventory cost-flow assumption. in a year of rising costs and
Determine the break-even point in sales units and the break-even point in sales units if the company desires a target profit of $25,000 - Determine the companys margin of safety
Assume Mr. Smith was injured in January 2012 and can no longer work again. How would you calculate his lost earnings Use the spreadsheet attached as a starting point for your analysis. What (if any) accounts should be adjusted
during september the following summary transactions were completed. sept. 8 paid 1356 for salaries due employees of
Raspberry Company's actuary has computed its prior service cost to be $8,000,000. The company amortizes the prior service cost by the straight line method over the remaining 20 year service life of its active employees
You are requirMarket based transfer prices; Full cost transfer prices;Cost-plus a mark-up transfer prices; and Negotiated transfer prices. ed to discuss in detail the advantages and disadvantages of each of the following four methods:
nighthawk inc. is considering disposing of a machine with a book value of 22500 and an estimated remaining life of
fouch company makes 30000 units per year of a part it uses in the products it manufactures. the unit product cost of
The Tiernan Gallery and Art Museum distributes to its visitors a printed guide to its collections. There are about 18000 visitors per year. Holding costs for the brochures are 20% and it costs $30 to place an order with the printer.
a. on january 2 2009 hill company borrowed 10000 from bankthree. the loan was to be repaid in equal principal
The machine's remaining useful life was estimated to be five years with a residual value of $500. Give the entry required to record the company's depreciation expense for 2011.
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