Construct a contingency table or a venn diagram to evaluate

Assignment Help Accounting Basics
Reference no: EM13569709

Each year, ratings are compiled concerning the performance of new cars during the first 90 days of use. Suppose that the cars have been categorized according to whether the car needs warranty-related repair and the country in which the company manufacturing the car is based. Based on the data collected, the probability that the new car needs warranty repair is 0.04, the probability that the car was manufactured by a U.S.-based company is 0.60, and the probability that the new car needs a warranty repair and was manufactured by a U.S.-based company is 0.025.

Construct a contingency table or a Venn diagram to evaluate the probabilities of a warranty-related repair. What is the probability that a new car selected at random a. needs a warranty repair? b. needs a warranty repair and was manufactured by a U.S.- based company? c. needs a warranty repair or was manufactured by a U.S.- based company? d. needs a warranty repair or was not manufactured by a U.S.-based company?

Reference no: EM13569709

Questions Cloud

Pillar steel co which began operations on january 4 2011 : pillar steel co. which began operations on january 4 2011 had the following subsequent transactions and events in its
Observed capital structures refer to the observed capital : observed capital structures refer to the observed capital structures given in table 15.3 of the text. what do you
When the return on investment for each division of a : when the return on investment for each division of a corporation is greater than what the return would be if each
Company n has a 5-year note payable that will mature on : company n has a 5-year note payable that will mature on march 17 2012.company n has an agreement with a local bank to
Construct a contingency table or a venn diagram to evaluate : each year ratings are compiled concerning the performance of new cars during the first 90 days of use. suppose that the
Kyle inc has collected the following data on one of its : kyle inc. has collected the following data on one of its products direct materials standard 4 per finished unit total
Tannwin co sells a new product called accountomatic and has : tannwin co. sells a new product called accountomatic and has predicted the following sales for the first four months of
Health care costs a businessweek article titled hsas could : health care costs a businessweek article titled hsas could keep you in the pink by christopher farrell describes the
Apache company sold a parcel of undeveloped land to a : apache company sold a parcel of undeveloped land to a construction company for 4300000. the book value of the land on

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describe the pros and cons of monitoring through observing

Samson Company is an engineering firm. Many of the employees are engineers who are working individually on different projects. Most of the design work takes place on computers. The computers are connected by a network and employees can also "surf"..

  Cost drivers and value-added processes

What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method? Do you prefer ABC over traditional costing methods?

  Calculate controlling interest in consolidated net income

Percy reported net income from its own operations of $720,000 in 2011 and $760,000 in 2012. Smyth reported net income of $400,000 in 2011 and $460,000 in 2012. Neither company declared dividends in either year.

  Differences between managerial and financial accounting

The characteristics noted above are indeed true. What are some of the other differences between Managerial and Financial Accounting? Also, as for the numbers used in financial versus managerial accounting, are they different (what is their source)..

  Making a cash budget-expected inventories of supplies

Tom and Lynda own Hercules Health Club. They provide the following information regarding their expected inventories of supplies and other materials.

  Double-declining balance method

A company bought a new machine for $27,000 on January 1. The Machine is expected to last 10 years and have a residual value of $4,000. If the company uses the double-declining balance method, accumulated depreciation at the end of year 2 will be:

  Determine which project might be implemented and why eg

write an email response in which you address the following pointsdetermine which project might be implemented and why

  Sun inc assigns 2000000 of its accounts receivables as

sun inc assigns 2000000 of its accounts receivables as collateral for a 1 million 8 loan with a bank. sun inc. also

  Formulate kleins hedging strategy using only the futures

u.s. government bond portfolio for an institution. she anticipates a small parallel shift in the yield curve and wants

  Plant assets-depreciation-disposal and depletion

Illustrate journal entries required and demonstrate the calculations necessary. How to calculate a change in the periodic rate is also shown. Plant asset disposal slides illustrate the following situations: retirement, loss on sale, and gain on sa..

  Management assessment of the financial condition

Does management's assessment of the financial condition agree with your assessment from the Financial Statements Paper Part I? Explain. Support your answer by using two of the three following analysis tools - trend, vertical, or ratio analysis.

  Collison and ryder company campr has been experiencing

collison and ryder company campr has been experiencing declining market conditions for its sportswear division.

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