What is the probability of completing the exam in one hour

Assignment Help Finance Basics
Reference no: EM131145774

The time needed to complete a final examination in a particular college course is normally distributed with a mean of 90 minutes and a standard deviation of 15 minutes. Answer the following questions.
a) What is the probability of completing the exam in one hour or less?
b) What is the probability that a student will complete the exam in more than 60 minutes but less than 105 minutes?
c) Assume that the class has 60 students and that the examination period is 120 minutes in length. How many students do you expect will be unable to complete the exam in the allotted time?

Reference no: EM131145774

Questions Cloud

Compute the profit-maximizing price and quantity : Compute the profit-maximizing price and quantity, and illustrate with a complete graph.
What is the probability that the customer can drive : A particular customer lives 25 minutes from Collina's Italian Café. If the customer places a telephone order at 6:00 P.M., what is the probability that the customer can drive to the café, pick up the order, and return home by 7:00 P.M.?
Identify which accounts should be closed on september 30 : Prepare an income statement and a retained earnings statement for the 3 months ending September 30 and a classified balance sheet at September 30.
Draw a graph that shows her change in consumer surplus : Elise buys only 4 soft drinks at the higher price. Her demand curve is linear. What is her appropriate compensation? Draw a graph that shows her change in consumer surplus.
What is the probability of completing the exam in one hour : a) What is the probability of completing the exam in one hour or less? b) What is the probability that a student will complete the exam in more than 60 minutes but less than 105 minutes? c) Assume that the class has 60 students and that the examinati..
Prepare an income statement and a retained earnings : Prepare an income statement and a retained earnings statement for the month ofMay and a classified balance sheet at May 31.
Create a multi-level work breakdown structure : Create a multi-level work breakdown structure (WBS) and detailed project schedule, using the information from the "Greendale Stadium Case" (The Case Study is below) incorporating the following constraints
What is the estimated regression equation : What is the correlation coefficient of the model? What is the correlation of determination? What is the estimated regression equation?
Explain why each firm belongs in market structure identified : Identify a firm for each of these market structures and explain why each firm belongs in the market structure identified. How is marginal analysis used in the price and output decisions of firms in the various market structures?

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate the resulting dividend payout ratio

Chancellor Industries has retained earnings available of $1.2 million. The firm plans to make two investments that require financing of $950,000 and $1.75 million, respectively. Chancellor uses a target capital structure with 60% debt and 40% equity...

  Computation of the effective interest rate on the loan

Computation of the effective interest rate on the loan payable in due and in advance and calculate Interest is deducted in advance

  Cash as a way of aiding to bring about general economic goal

cash as a way of aiding to bring about general economic goals

  Estimate the new beta

You hold a diversified portfolio consisting of a $5,000 investment in each of 20 different common stocks. The portfolio beta is equal to 1.15.

  What is the weighted average cost of capital for a

what is the weighted average cost of capital for a corporation that finances an expansion project using 30 retained

  Computation of required return and project irr

Computation of required return and Project IRR and The capital budgeting director of Sparrow Corporation is evaluating a project that costs

  What is the annual rate of interest

1st bank offers you a car loan with a monthly payment of $17.00 per $1,000 borrowed. Payments are made at the end of each month. The term is 5 years. What is the annual rate of interest?

  Compare past and current management approaches

Describe how the company was managed in the past. Compare difference between management approaches in the past to those the organization currently uses.

  What is the cost of equity

Kose Inc has a target debt equity ratio of .65. It's WACC is 11.2 %, and the tax rate is 35%.

  Key insight about the financial health of the company

Based on your review of the financial statements, suggest a key insight about the financial health of the company. Speculate on the likely reaction to the financial statements from various stakeholder groups (employee, investors, shareholders). Provi..

  Capital market securities only include equity

Capital market securities only include equity.

  Forecast the future financial performance and use

prospective analysisforecast the future financial performance and use appropriate valuation models to produce an

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