Determine the average life of supplier bs tires

Assignment Help Econometrics
Reference no: EM13189239

A purchasing agent for a trucking company is shopping for replacement tires for their trucks from two suppliers. The suppliers' prices are the same. However, Supplier A's tires have an average life of 60,000 miles with a standard deviation of 10,000 miles. Supplier B's tires have an average life of 60,000 miles with a standard deviation of 2,000 miles.

Reference no: EM13189239

Questions Cloud

Yellow stone of yellowstone national park : The "yellow stone" of Yellowstone national park is sulfur-and iron oxide-stained consolidated volcanic ahs(tuff).
Volcanic danger assessment maps : Volcanic danger assessment maps are valuable tools in protecting human life when volcanic eruption threatens. It is not possible to divert lava flows because they'are too hot and powerful.
Calculate period 1 and period 2 consumption of natural gas : a limited supply of natural gas to consume (assume that no natural gas will be created in the future). Assume the demand for cubic feet of natural gas is given by the equation, P=350-5Q, the extraction of natural gas has a constant marginal cost o..
What are the annual holding costs for the wokbooks : What are the annual holding costs for the wokbooks?
Determine the average life of supplier bs tires : A purchasing agent for a trucking company is shopping for replacement tires for their trucks from two suppliers. The suppliers' prices are the same. However, Supplier A's tires have an average life of 60,000 miles with a standard deviation of 10,0..
How much will it drop by the time it reaches the catcher : A major league pitcher can throw a baseball in excess of 48.8 m/s. if a ball is thrown horizontally at this speed, how much will it drop by the time it reaches the catcher who is 15.7 m away from the point of release?
Adam makes a written offer to ben to sell a car : Adam makes a written offer to ben to sell a car for $5000 and a radio for $200.he stipulaes that the offer must be responded to 1 july 2011.on the receipt of the offer ,ben telephones adam,found him absent and leaves a massage that he could pay only ..
Assuming the market interest rate on the issue date : White Water issues $500,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.
What is the boundaries of each value : What is the boundaries of each value a. 42.8 Miles b. 1.6 milliliters c. 5.36 ounces d. 18 tones e. 93.8 ounces f. 40 inches

Reviews

Write a Review

 

Econometrics Questions & Answers

  Define the marginal cost functions of the production

Determine algebraically the profit-maximizing outputs for the production and marketing divisions of the firm and the optimal transfer price for the intermediate product and the price of the final product.

  Which discount rate makes the best case for mining

Mining is proposed for a wilderness area that provides two benefits: recreation (due to backpacking opportunities) and biodiversity (there are endangered wildlife and plants). The mining is expected to reduce backpacking visits from the current 10,..

  Calculate the price elasticity of demand for a product

Assume that you raise the price of a product you have in inventory from $600 to $1,000. After the price increase you notice that your sales of this product have gone from 300 per month to 100 per month. 1. Calculate the price elasticity of demand f..

  What was the percentage of gross fiscal deficit in 2010

The Economic Survey estimated the Forex reserves of India at over 297 billion US dollars. The surge in Forex is attributed to growth in which of the following sector Gross Fiscal Deficit stands at 4.8% of GDP. What was the percentage of Gross Fisc..

  What is the long-run average cost

A firm has a production function Q=F(K,L) with the constant return to scale, where k is units of capital and L is unites of labour.Imput prices are r=$2 per unit of K and w=$1 per unit of L.When it produces 5 units of output,it uses 2 units of cap..

  Estimate simple linear regression models

Estimate simple linear regression models for both the raw data and the logs, estimating both the intercept and the slope.

  What is the size of the labor force

Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate is 72.5 percent, or .725.What is the size of the labor force

  Consequences in the regression results

The presence of autocorrelation leads to all of the following undesirable consequences in the regression results except:

  What is the marginal product of the 3rd pound of rubber

Marginal revenue product is defined as the change in total revenue that results from the employment of an additional unit of a resource. A widget producer wishes to determine how the addition of pounds of rubber will affect its MRP and profits. Se..

  Find the elasticity of demand for computers

Computers are sold competitively. Each computer, such as a Dell or Compaq, contains an operating system, such as Windows, that is pre-loaded on the computer. Suppose that the price of computers is $2000, and the price of an operating system is $10..

  Calculate mac''s optimal membership and level of profit

The Manchester Athlete's Club (MAC) is a private, not-for-profit athletic club located in St. Petersburg, Florida. MAC currently has 3,500 members but is planning on a membership drive to increase this number significantly. An important issue faci..

  Determine the probability of winning

Tennessee just instituted a state lottery. The initial jackpot is $100,000. If the first week yields no winners, the next week's jackpot goes up, depending on the numbers of previous players who placed the lottery bets

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