User Account

All Pages

What is the probability that a trip will

Assignment Help Finance Basics
Reference no: EM131843430

A drive from Omaha to Kansas City takes 150 minutes normally distributed, with a standard deviation of 10 minutes. Use this information to solve questions 41 to 44.

1)   What is the probability that a trip will take less than 140 minutes?

A.  0.841

B.   0.680

C.   0.324

D.  0.159

2)   What is the probability that a trip will take more than 172 minutes?

A.  0.014

B.   0.220

C.   0.517

D.  0.986

3)   What is the probability that a trip will take between 142 and 155 minutes?

A.  0.691

B.   0.347

C.   0.480

D.  0.212

4)   What is the probability the trip will take exactly 150 minutes?

A.  0.500

B.   0.040

C.   0.712

D.  0

A certain make of tire has a mean life expectancy of 50,000 miles (exponentially distributed). Use this information to solve questions 45 to 47.

5)   What is the probability that a random tire will last less than 30,000 miles?

A.  0.451

B.   0.632

C.   0.600

D.  0.247

6)   What is the probability that a random tire will last more than 70,000 miles?

A.  0.714

B.   0.247

C.   0.124

D.  0.753

7)   What is the probability that a random tire will last between 40,000 and 60,000 miles?

A.  0.699

B.   0.327

C.   0.551

D.  0.148

Reference no: EM131843430

Questions Cloud

Budget on an annual basis : Some advocate a constitutional amendment that would require the federal government to balance its budget on an annual basis
What factor should be considered in designing an algorithm : Assuming that this list is too large for internal memory, what major factor(s) should be considered in designing an external sorting algorithm?
Can a change in the listening climate reverse the low morale : Imagine that there is very low morale in your department and you are at a loss to understand why it is happening. You have always maintained an.
What would be your advice to james regarding this situation : James is about to conduct a performance appraisal for Maria. Maria has exhibited some performance problems in the past months.
What is the probability that a trip will : 1) What is the probability that a trip will take less than 140 minutes?
What are the major liabilities of wesfarmers : What are the major liabilities of Wesfarmers at the end of the financial year - How do these amounts compare with the previous year
How should business components be accounted : How should business components be accounted for in a sustainability plan? Include an explanation of backup and recovery protocol/procedure along with disaster.
Implement the quicksort algorithm using different strategies : Implement the Quicksort algorithm using different strategies for choosing a pivot item, run it on your system, and study its best-case and average-case.
Underapplication of overhead : If the Turramurra Furniture Company considers that a variation of $40,000 in the over or underapplication of overhead is material and must be dealt

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd