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The weight of any passenger using a ferry service has a normal distribution with mean 168 pounds and standard deviation 19 pounds. A particular ferry carries 25 passengers. Safety regulations state that for this particular ferry, the total weight of passengers on the boat should not exceed 4,250 pounds more than 5% of the time.
a) Find the probability that the total weight of passengers on the ferry will exceed 4,250 pounds.
b) Find the 95th percentile of the distribution of the total weight of passengers on the ferry.
c) Is the ferry complying with safety regulations? Explain reasoning.
Calculation of direct material price variance and The company purchased 3,000 yards of material in March for $21,000. The company used 2,800 yards in March in order to make 7,700 dresses. The direct materials price variance is?
Mouser Company issues 4,000 shares of its $5 par value common stock having a market value of $25 per share and 6,000 shares of its $15 par value preferred stock having a market value of $20 per share for a lump sum of $192,000. Illustrate what am..
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