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1. The precooked weight of hamburgers at a gourmet hamburger restaurant has been normally distributed with a mean of 5.5 ounces and a standard deviation of 0.15 ounces. A dining-column journalist from the local newspaper enters the restaurant and orders a hamburger. What is the probability that he will receive a hamburger that had a precooked weight less than 5.3 ounces? If, in a separate visit to the restaurant, the journalist is accom- panied by three colleagues who also order a hamburger, what is the probability that at least 2 of these 4 customers will receive a hamburger that had a precooked weight greater than 5.7 ounces?
2. Boxes are filled with sugar by a machine that is set to deliver an average of 20.3 ounces. The weights are normally distributed with a standard deviation of 0.3 ounces. If a consumer advocate buys a package of the product and then proceeds to weigh the contents, what is the probability that the package she has purchased will have a content weight between 20 and 21 ounces? If the consumer advocate plans to purchase 100 boxes of the product, then file suit against the company if more than 5 of the boxes have content weights below the 20-ounce stated weight on the package, what is the probability that she will end up filing suit against the company?
1. Explain the circumstances in which the courts will refuse to enforce agreements as contracts because of a lack of intention to create a legal relationship.
Partners share profits and losses as follows: Adams 20%; Bell 30%; and Cooley 50%. If Cooley retires and withdraws $40,000 in settlement of her equity and settlements are allocated according to capital interests, the amount entered in Adams's capi..
henkel corporation is considering two long-term capital investment proposals. relevant data on each project are as
5-year Treasury bonds yield 5.5%. The inflation premium (IP) is 1.9%, and the maturity risk premium (MRP) on 5-year bonds is 0.4%. What is the real risk-free rate, r*?
sweeny co. is preparing a cash budget for the second quarter of the coming year. the following data have been
johnston inc. engaged in the following transactions involving treasury stock feb. 10 - purchased for cash 17000 shares
The Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $2,000 on hand. The adjusting entry that should be made by the ..
Greenville Corporation is considering the addition of a new product to its current product lines. The expected cost and revenue data for the new product are as follows:
father inc. buys 80 percent of the outstanding common stock of sam corporation on january 1 2013 for 760960 cash. at
cummings is a construction company and uses the percentage of completion method. in 2013 they signed a contract to
consider once again the microchip market described in problem 9 . demand for micropocessors is given by p 35 - 5q.
Midland Oil has $1,000 par value bonds outstanding at 8 percentinterest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is:
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