The probability model below describes the number of repair calls that an appliance repair shop may receive
Question:
a) How many calls should the shop expect per hour?
b) What is the standard deviation?
Transcribed Image Text:
Repair Calls 01 23 Probability 0.10.3 04 0.2
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
a ENumber of Repair Calls 001 10...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
Question Posted:
Students also viewed these Statistics questions
-
What is the standard deviation (sd) of the number of cardinal birds observed? Ornithology The Christmas Bird Count (CBC) is an annual tradition in Lexington, Massachusetts. A group of volunteers...
-
What is the standard deviation for Exercise 1? Oranges Probability 0.10 0.40 0.30 0.20 25 30 35 40
-
What is the standard deviation of each stock? Suppose that the index model for stocks A and B is estimated from excess returns with the following results: RA = 3% 1 .7RM + eA RB = 22% 1 1.2RM + eB M...
-
Perform the indicated operations and simplify the result. Leave your answer in factored form. X x - 3 x + 1 x2 + 5x 24
-
Discuss the rights, duties, and obligations of a forensic accountant hired to assist in a civil or criminal investigation.
-
During a recent IRS audit, the revenue agent decided that the Parker family used their closely held corporation, Falco, to avoid shareholder tax by accumulating earnings beyond the reasonable needs...
-
Playing a gambling game costs $10. The table shows the probability of winning various prizes on the game. Find the expected net gain to the player for one play of the game. Prize Probability 1 $200...
-
(Postretirement Benefit Worksheet) Using the information in *E20-19, prepare a worksheet inserting January 1, 2010, balances, and showing December 31, 2010, balances. Prepare the journal entry...
-
Tarrant Amertex Regional Hospital, one of our hospitals in the Fort Worth area, has been in need of a new Chief Executive Officer. Last week, we reached a "handshake" dealthough per current protocols...
-
Show how ethyl phenyl ketone (C6H5COCH2CH3) could be synthesized from each of the following: (a) Benzene (b) Benzonitrile, C6H5CN (c) Benzaldehyde
-
Find the standard deviation of your winnings throwing darts in Exercise 14. Exercise 14 A carnival game offers a $100 cash prize for anyone who can break a balloon by throwing a dart at it. It costs...
-
A commuter must pass through five traffic lights on her way to work and will have to stop at each one that is red. She estimates the probability model for the number of red lights she hits, as shown...
-
Describe a rectangle that has the same area as the area under the graph of f(x) = 6x 2 + 2x from x = -1 to x = 2.
-
Choose one of the following small business situationsor another situation that interests you: You own a clothing store and want to know whether to offer hats. You own a jewelry store and want to...
-
Imagine that youre the F&B director for a hotel group with four properties in the New York area. The owner has asked you for data about food quality at each location. You collected the guest feedback...
-
Working in small groups, imagine that youre planning a business targeted to students. First, decide on your business concept. This can be anything: a service (e.g., laundry or grocery shopping) or a...
-
How do you decide whether to complain about a companys product or service? To another student, describe two situations: one in which you complained and one in which you didnt. What were the...
-
Look at one of your favorite websites. Evaluate whether the site meets accessibility guidelines outlined in this chapter. What criteria are met, and what, if anything, should the designers do to make...
-
Create a table with the following symbols as the first column: T, , V, P, and v. In the second column, write out in words the precise meaning of these symbols. Be very specific about using...
-
Activator rod AB exerts on crank BCD a force P directed along line AB. Knowing that P must have a 100-N component perpendicular to arm BC of the crank, determine (a) The magnitude of the force P, (b)...
-
The dataset States contains various educational and economic measures of the 50 U.S. states, including the District of Columbia. Examine the variables, commenting on their shape, center, and spread...
-
Are the following data time series? If not, explain why. a) Quarterly earnings of Microsoft Corp. b) Unemployment in August 2010 by Education level. c) Time spent in training by workers in NewCo. d)...
-
For the Gas prices of Exercise 6, find the lag2 version of the prices. Month Apples Gas 0.963 2.359 0.977 2.354 Mar 0.935 2.444 0.958 2801 May 1021 2.993 1.053 2.963 1.146 3.046 Aug 1.235 3.033 Sep...
-
I need to find out how to calculate the 3-year % rate of return. The information I have is a $10,000 investment and a 12-month yield percentage (1.138 for AB company, 1.894 for AIG company, 0.679 for...
-
Anna has an investment that will bring her $100 with a 30% probability and $40 with a 70% probability. Anna's Utility function is U = Y (1/2) . Where Y= income. Anna is considering selling this...
-
on January 1, 2000, the price of koka kola was $10. on jan and, 2020, the shares were worth $100. the stock Paid no dividends during the period. what is the annual geometric return.
Study smarter with the SolutionInn App