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Sparagowski & Associates conducted a study of service times at the drive-up window of fast-food restaurants. The average time between placing an order and receiving the order at McDonald's restaurants was 2.78 minutes (The Cincinnati Enquirer, July 9, 2000). Waiting times, such as these, frequently follow an exponential distribution.
a. What is the probability that a customer's service time is less than 2 minutes?
b. What is the probability that a customer's service time is more than 5 minutes?
c. What is the probability that a customer's service time is more than 2.78 minutes?
The Mann Corporation belongs to a risk class for which the appropriate discount rate is 10%. Mann currently has 100,000 outstanding shares selling at $100 each.
question 1 if common stockholders are the owners of the company why do they have the last claim on assets and a
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