Local grocery store check-out line is uniformly distributed

Assignment Help Business Economics
Reference no: EM13974943

The items per minute scanned at a local grocery store check-out line is uniformly distributed between 11 and 48 items. What is the probability that the items scanned per minute by a randomly selected clerk is more than 35.9? Provide your answer in decimal form and round to two places.

Reference no: EM13974943

Questions Cloud

Student heights are normally distributed : Student heights are normally distributed. The mean height of students is 68.5 inches and the standard deviation is 2.5. Calculate the probability that a randomly selected student is between 69.15 inches and 74.68 inches tall.
Variance of the number of stores visited with the promotion : The mean number of mall stores visited by a customer is 4.9 and the variance is 1.9. A new promotion increases the number of stores visited by 2. Calculate the variance of the number of stores visited with the promotion? Use the laws of expected valu..
The supply curve of an individual firm : Consider a competitive industry with many identical firms. The supply curve of an individual firm is given by S1(p) = 2p when p ≥ $2 and S1(p) = 0 when p
An increase in general price levels : All other factors held constant, what would be the effect on the demand for money (M1) of each of the following situations. Explain the rationale behind your responses.
Local grocery store check-out line is uniformly distributed : The items per minute scanned at a local grocery store check-out line is uniformly distributed between 11 and 48 items. What is the probability that the items scanned per minute by a randomly selected clerk is more than 35.9? Provide your answer in de..
Least problems with difficult patients : In a suitable one-tail test at the 0.01 level, was the mean age for doctors having the greatest problems with difficult patients significantly less than that for those having the least problems with difficult patients? Identify and interpret the p..
The political business cycle implies : The political business cycle implies all of the following EXCEPT that:
List any economic reactions might you expect in the examples : Explain the following statement: Any deviation from planned output or planned expenditures (Consumption + Investment) will throw the economy into disequilibrium.
Way that healthcare is delivered to an aging population : How have public and private healthcare reimbursement sources, such as Medicare and Medicaid, and the changes to healthcare insurance accessibility from the Patient Protection and Affordable Care Act, influenced the way that healthcare is delivered..

Reviews

Write a Review

Business Economics Questions & Answers

  Speculators borrowed pesos sold pesos for dollars

Basically, speculators borrowed pesos also after that sold pesos for dollars in the open marketplace.

  Workers have had relatively high unemployment rates

Historically, young French workers (under age 25) have had relatively high unemployment rates: 21 percent in 2005. In 2006, the French government proposed to allow employers to fire young employees without cause (a labor restriction). How should this..

  A country produces only one good

A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for t..

  What is tipping theory

Tipping theory, though not new, is in the news lately, in reference to our "recession" (some say "depression"), and how we can get ourselves out of it, whatever we call it. What is tipping theory? If you've never heard of it, you may research the top..

  Brands of fertilizers during the next growing season

A gardener can use one of the three brands of fertilizers during the next growing season. The following decision table shows the expected gross income per acre for each fertilizer brand and weather condition for the growing season. The chance of a dr..

  The quantity placed on the market increase the price

If the price of gasoline is 4.00 per gallon and the price elasticity of demand is 0.4, how much will a 10% reduction in the quantity placed on the market increase the price? Will total spending on gasoline rise if so by what percentage?

  What impact would this action have on the economy

Suppose the Fed decided to purchase $50 billion worth of government securities in the open market. What impact would this action have on the economy? Specifically, answer the following questions:

  Partnership dissolution

Dorinda, Luis, and Elizabeth form a limited partnership. Dorinda is a general partner, and Luis and Elizabeth are limited partners. Consider the separate events below, and discuss fully whether each event constitutes dissolution of the limited partne..

  Eu member state on competition issues

The court that hears appeals from the EU's antitrust enforcement agency and referrals from the courts of the EU member state on competition issues is the a. European Court of Justice b. Community Supreme Court c. European Court of Appeals d. Antitrus..

  What is the average product of capital and labor

what is the average product of capital and labor? what is the cost minimization choice of capital and labor if the firm decides to produce 144 units of output?

  According to foundation of economics by robin bade

According to foundation of economics by Robin Bade, in chapter page 80 the multiple choice question in table 1. Table 1 shows the PPF of an island community. Choose the best statement. Mary makes 10 pies and 20 cakes a day and her opportunity cost of..

  What are the costs of operating the clinic

St. Mary's Hospital owns a prime piece of real estate in the center of town. There is a small shopping center on this piece of land. Rents for each store are $4,000 per month. The benefactor of this real estate, in her endowment to St. Mary's, stated..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd