Problem regarding expected income for bridge

Assignment Help Business Management

Reference no: EM131035136

For the last 29 years the operator of a toll bridge has kept records of the use of the bridge during each month of the year. For the upcoming month of May, he would like to predict the expected income from operation of the bridge. From the data given below and the toll charge of $0.50 per vehicle, what is the expected income for the bridge during the month of May.

Year	Number of Cars	Year	Number of Cars
1959	10,234	1974	10,187
1960	12,900	1975	10,648
1961	11,879	1976	11,645
1962	9,075	1977	10,975
1963	10,396	1978	12,375
1964	10,746	1979	10,357
1965	13,056	1980	13,078
1966	12,874	1981	10,284
1967	11,789	1982	9,993
1968	10,678	1983	11,964
1969	10,357	1984	9,876
1970	9,234	1985	12,675
1971	10,345	1986	10,467
1972	11,465	1987	13,127
1973	12,385

Reference no: EM131035136

Questions Cloud

What consequences can occur to the company : Evaluate the actions of the personnel director in this situation. Did Sparky Foster discriminate or not? Defend your position. What are the broader legal and ethical implications of this situation for the company? What consequences can occur to the..

Determine the couple moment : Determine the couple moment M that must be applied to member DC for equilibrium of the quick-return mechanism. Express the result in terms of the angles and ∅ , dimension L, and the applied vertical force P.

Determine the torque m that must be applied : The screw has square threads, a mean diameter of 0.2 in., a lead of 0.08 in., and the coefficient of static friction is µs = 0.5 .

Determine the torque m that should be applied : Determine the torque M that should be applied to the screw to start lifting the 6000-lb load acting at the end of member ABC

Problem regarding expected income for bridge : From the data given below and the toll charge of $0.50 per vehicle, what is the expected income for the bridge during the month of May.

Difference in the proportions of small cars : Another sample of15 large cars were subjected to the same test, and 5 of them were totaled. Find a 95% confidence interval for the difference in the proportions of small cars and large cars that are totaled.

How will you will present the training and development : How will you will keep training and access to opportunities equal? How will you will increase employees' KSAs (knowledge, skills, and abilities)?

Determining the sufficient statistical evidence : Is there sufficient statistical evidence at the 5% level of significance that males and females equally enjoy listening tojazz? Show clearly the following steps in your hypothesis test:

What is the corporation''s basis in the property received : Terry forms the Camphor Corporation during 2010. She transfers property with a value of $700,000 to Camphor Corporation in exchange for 100 percent of the stock in the corporation. Terry's basis in the property transferred was $350,000 and the corpor..

User Account

All Pages