Standard deviations of the battery life spans

Assignment Help Accounting Basics
Reference no: EM131008708

Claims

Two companies make batteries for cell phone manufacturers. One company claims a mean life span of 2 years, while the other company claims a mean life span of 2.5 years (assuming average use of minutes/month for the cell phone).

a) Explain why you would also like to know the standard deviations of the battery life spans before deciding which brand to buy.

b) Suppose those standard deviations are 1.5 months for the first company and 9 months for the second company. Does this change your opinion of the batteries? Explain.

Reference no: EM131008708

Questions Cloud

Study on the total number of years of experience : 1. CEOs. A business publication recently released a study on the total number of years of experience in industry among CEOs. The mean is provided in the article, but not the standard deviation. Is the standard deviation most likely to be 6 months,..
Estimate the number of cars in use : Use the method of least squares to obtain the straight line that best fits these data. Estimate the number of cars in use in 1997.
Police department of a major city : The police department of a major city needs to update its budget. For this purpose, they need to understand the variation in their fines collected from mo- torists for speeding.
Why does market efficiency matter : Why does market efficiency matter - Efficient markets: definition and Implications and behavioral finance: the challenge to efficient markets
Standard deviations of the battery life spans : Explain why you would also like to know the standard deviations of the battery life spans before deciding which brand to buy. Suppose those standard deviations are 1.5 months for the first company and 9 months for the second company. Does this chang..
How do you think she would react : If an experienced executive assistant discovered that she made the same amount of money as a newly hired janitor, how do you think she would react? What inputs and outcomes might she evaluate to make this comparison?
Compute the least-squares line : To check the accuracy of the model, several calculated values (x ) were compared with directly observed values (y). The results (read from a graph) are presented in the following table. Compute the least-squares line y = βˆ0 + βˆ1 x .
Estimate the equivalent sat score : Combined SAT scores can go as high as 1600, while the maximum ACT composite score is 36. Since the two exams use very different scales, comparisons of performance are difficult.
Overview of disaster recovery or it service continuity : An introduction or overview of disaster recovery / IT Service Continuity which provides definitions and addresses the reasons why cybersecurity should be specifically addressedin the company's DR/BCP strategies and plans

Reviews

Write a Review

Accounting Basics Questions & Answers

  Using the rate implicit in the lease 10 percent the present

does the present value of the minimum lease payments equal to or exceeding90 of the fair value of the leased

  Users of financial statements rely on the information

users of financial statements rely on the information available to them to decide whether to invest in a company or

  Are capital assets recorded in capital projects funds

Are capital assets recorded in Capital Projects Funds? Why or why not?

  Indicate the effectsof the following two items on the

wiater company operates a small manufacturing facility. on jan. 12010 an asset account for the company showed the

  Three years ago lilly joined the lcd partnership by

three years ago lilly joined the lcd partnership by contributing land with a 10000 basis and 18000 fmv. on january 15

  Tax consequences of incorporation

Write down a memo to Stacey describing the tax consequences of incorporation. As part of your memo analyze the possibility of having the corporation issue common and preferred stock and debt for shareholders’ property and money.

  Speedy parcel service operates a fleet of delivery trucks

speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the companys

  Balancing intercompany payables-receivables

What is the impact of not balancing intercompany payables/receivables on a monthly basis? What is the impact on not eliminating intercompany payables/receivables during the consolidation?

  Wly waste management wyly waste management wwm is an sec

wyly waste management. wyly waste management wwm is an sec registrant and your firm is its auditor. overall materiality

  Barker co acquired 75 percent of the voting common stock of

barker co. acquired 75 percent of the voting common stock of smith corp. on january 1 2013. during the year barker made

  Disadvantages relative to revenue sharing

Profit sharing is not widely practiced in the franchise business. What are its disadvantages relative to revenue sharing?

  Prepare a sales budget for january-february

Prepare a sales budget for January, February, and March. Prepare a production budget for January, February, and March. Prepare a purchases budget for January, February, and March. Prepare a direct labor budget for January, February, and March.

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