An appliance manufacturer wants to contract with a repair shop to handle authorized repairs in Indianapolis. The company has set an acceptable range of repair time of 50 minutes to 90 minutes. Two firms have submitted bids for the work. In test trials, one firm had a mean repair time of 74 minutes with a standard deviation of 4.0 minutes and the other firm had a mean repair time of 72 minutes with a standard deviation of 5.1 minutes. Which firm would you choose? Why?

Answers

Answer 1
Although one would repair at the most time of 76 minutes, the other is at most 77.1 minutes. I would pick the second one because they may take longer by 1.1 minutes at most, they also included seconds, which seems more like an honest bid time.
Answer 2

The best repair shop for the appliance manufacturer for authorized repairs is the other firm with a 72 minute mean time and deviation of 5.1 minutes.

Which firm will be best for handling authorized repairs?

The best firm to pick will be the one that has a lower range of repair times.

The range can be found as:

= Mean time ± Standard deviation

The first firm's range is therefore:

= 74 + 4                                                = 74 - 4

= 78 minutes                                        = 70 minutes

(78 - 70) minutes.

The second firm's range is:

= 72 + 5.1                                              = 74 - 5.1

= 77.1 minutes                                       = 68.9 minutes

(77.1 - 68.9) minutes.

The second company has a lower range and would be better.

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Related Questions

what is a bond? in your own words. financially.​

Answers

Answer: to me a bond is a very close friendship that is official and that is well known to the world

Explanation:

In finance, a bond is a fixed income instrument that represents a loan made by an investor to a borrower. Hope this helps!

B2B marketing requires a special, unique set?​

Answers

Take a position: Business-to-business marketing requires a special, unique set of marketing concepts and principles. ... B2B company demands for sophisticated sales management and an educated, knowledgeable, trained staff whose words and actions can have strong influence in the B2B buyers.

An event that took place during the "year of the environment" in 1970 is _____.


The EPA came into being.

The first national Earth Day was celebrated.

The Clean Air Act was passed.

All of the above.

Answers

The answer to your question is all of the above .

Answer:

All of the above

Explanation:

Rice is produced in a perfectly competitive industry. Grand Farm is a typical firm in the rice industry earning a positive economic profit.
Using correctly labeled side-by-side graphs for the rice industry and Grand Farm, show each of the following in the short run.
The industry price and quantity, labeled as PM and QM. (1 point)
Grand Farm’s demand curve and marginal revenue curve, labeled DF and MRF. (1 point)
Grand Farm’s quantity of output, labeled QF. (1 point)
Grand Farm’s profit, shaded completely. (1 point)


In the long run, what happens to each of the following?
The number of firms in the industry. Explain. (1 point)
The equilibrium price; does it increase, decrease, or remain the same relative to PM? (1 point)

Answers

Answer: Can you explain to me?

Explanation:

A completely perfect competition must meet the equilibrium point of MC = MR. The demand is PF and the supply is Qf in the equilibrium.

What is a competitive industry?

In a competitive market, neither a single customer nor a single manufacturer can have a significant impact on the market. Its sensitivity to production and demand changes as shown by the supply curve, which depicts the amount of the good.

The quantity demanded (AR) and marginal revenue curve (MR) are horizontal in the case of a competitive firm, and AR = MR. Consequently, the firm's quantity supplied (DF) is equal to its marginal revenue curve ( MRF)

The confluence of market prices and market supplied determines pricing in the sector, therefore a purely competitive product at that price. The business can adhere to the pricing set by the sector.

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The question is incomplete, the complete question will be :

Rice is produced in a perfectly competitive industry. Grand Farm is a typical firm in the rice industry earning a positive economic profit.

a. Using correctly labeled side-by-side graphs for the rice industry and Grand Farm, show each of

the following in the short run.

i. The industry price and quantity, labeled PM and QM

ii. Grand Farm’s demand curve and marginal revenue curve, labeled DF and MRF

iii. Grand Farm’s quantity of output, labeled QF

iv. Grand Farm’s profit, shaded completely

On January 1, 20X1, Wade Crimbring, Inc., a dealer in used manufacturing equipment, sold a CNC milling machine to Fletcher Bros., a new business that plans to fabricate utility trailers. To conserve cash, Fletcher paid for the machine by issuing a $200,000 note, payable in five years. Interest at 5% is payable annually with the first payment due on December 31, 20X1. The going rate for loans of this type is 10%.
Use the PV of 1, PVAD of 1, and PVOA of 1 tables where appropriate. (Use the appropriate factor(s) from the tables provided.)

Answers

Answer:

ummmmmm

Explanation:

ummmmmmjdhdhdhhdhrjrjrrj

Theo Chocolate demonstrates _____ by following the same values that it states it believes in.
a. sustainability
b. integrity
c. synergy
d. entropy

Answers

Answer:

b. integrity

Explanation:

explain demand and supply of money​

Answers

The money demand curve is downward sloping, i.e., the demand for holding money increases with decrease in interest rates. The short-term interest rate (i) is determined by the equilibrium of the supply and demand for money. If the interest rates are above the equilibrium, there is excess supply of money.

define default economics.​

Answers

Answer:

Default is the failure to repay a debt, including interest or principal, on a loan or security. A default can occur when a borrower is unable to make timely payments, misses payments, or avoids or stops making payments.

Explanation:

Answer:

the failure to repay a debt

Explanation:

the failure to repay a debt

Scott really enjoys working with money, including making it grow. He is also a natural leader and would enjoy working with and leading others. Which two career clusters would best fit Scott?

Answers

Answer:

The Finance Cluster and the Managment Cluster

Explanation:

The Finance Cluster would fit Scott because he enjoys working with money, and Finance is all about money. The main subject of study of Finance is simply the the value of money across time.

The Management Cluster would also fit Scott because he enjoys working with people and being a leader. Management is all about leading groups of people, centralizing information, and taking decisions, and for all these reasons, management is likely to be a good fit for him.

Answer:

A

Explanation:

Just took the test

What distinguishes a bank from an outside financial services company?


Financial services companies offer more products and services.

A bank’s financial services are not as robust as an outside financial services company.

Financial services companies have more qualified professionals.

Banks offer both banking and financial services products.

Answers

Answer:

A bank’s financial services are not as robust as an outside financial services company.

Answer:

do the challnge in brainly it gives u points !!!!

Explanation:

Renaissance Gallery converts photographs to portraits via a tedious hand painting process. Costs are tracked for each painting, with gallery overhead being applied at 130% of direct labor cost.
Renaissance Gallery began June with one job in process. This job related to the Price Wedding photo, and beginning work in process included total costs of $15,500 (direct labor, direct material, and applied overhead).
During June, four new jobs were begun. These consisted of the Ramirez family portrait, the Oberweiss farm photo, the Ravenwood big fish picture, and the Zhang baby picture. The only job remaining in process at the end of June was the Ravenwood big fish picture.
To date, $14,000 in direct labor and $4,400 of direct materials had been committed to the Ravenwood job.
Total direct labor incurred on all jobs during June was $70,100 Total direct material incurred on all jobs during June was $12,700.
(a) Compute the ending work in process inventory balance and the total cost assigned to finished jobs.
A. Ending work in process 36,820
Total costs assigned to finished goods 152,960
B. Ending work in process 36,580
Total costs assigned to finished goods 152,760
C. Ending work in process 46,600
Total costs assigned to finished goods 172,830
D. Ending work in process 36,600
Total costs assigned to finished goods 152,830
E. Ending work in process 36,420
Total costs assigned to finished goods 152,940
F. None of the above

Answers

Answer:

Renaissance Gallery

The ending work in process inventory balance and the total cost assigned to finished jobs:

F. None of the above

Explanation:

a) Data and Calculations:

Overhead application rate = 130%

Beginning work in process

(Price Wedding Photo) =         $15,500

Direct labor costs incurred on

all jobs during June                  70,100

Direct materials costs in June  12,700

Total cost incurred to date = $98,300

Ending work in process:

Direct labor      $14,000

Direct materials   4,400         $18,400

Cost assigned to finished     $79,900

  jobs                    

Suppose that Sweden can make a unit of furniture with 10 days of labor and a unit of steel with 15 days labor, while Germany can make a unit of furniture with 12 days of labor and a unit of steel with 12 days labor.
Suppose that with free trade 1.5 units of furniture exchange for one unit of steel. Then the gains from trade
Are shared equally by the two countries
All go to Sweden
Go to neither country
None of these
Are shared by the two countries, but in an indeterminate way

Answers

Answer:

All go to Sweden.

Explanation:

The two countries Germany and Sweden both can produce furniture and steel. Germany can produce one unit of steel or furniture in 12 days while Sweden can make one unit of steel in 15 days and one unit of furniture in 10 days. Germany has no advantage from the trade since it can produce both the goods in same time. Therefore all of the trade gain would belong to Sweden.

what is a bond? in your own words. economics.​

Answers

Answer:

A bond is a fixed income instrument that represents a loan made by an investor to a borrower bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments.

Explanation:

Kingbird Company prepared the tabulation below at December 31, 2022. Net Income $300,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $25,000 Increase in accounts receivable $75,000 Decrease in inventory $15,000 Amortization of patent $4,000 Increase in accounts payable $7,500 Decrease in interest receivable $4,000 Increase in prepaid insurance $7,000 Decrease in income taxes payable $2,000 Gain on disposal of plant assets $10,000 Net cash provided (used) by operating activities
Show how each item should be reported in the statement of cash flows. (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesis es (15,000 LACEY COMPANY Partial Statement of Cash Flows LACEY COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to tments to reconcile net income to Gain on Disposal of Land Increase in Inventory Increase in Accounts Payable Decrease in Income Taxes Payable Net Cash Provided by Operating Activities Net Income / (Loss) Increase in Income Taxes Payable Depreciation Expense Increase in Prepaid Expenses Increase in Accounts Receivable Decrease in Accounts Payable Decrease in Prepaid Expenses Decrease in Inventory tbt Net Cash Used by Operating Activities Decrease in Accounts Receivable

Answers

Answer and Explanation:

The preparation of the partial cash flow statement is shown below:

Cash flow from operating activities

Net income $300,000

Add: Depreciation expense $25,000

Less: Increase in accounts receivable -$75,000

Add: Decrease in inventory $15,000

Add: Amortization of patent $4,000

Add: Increase in accounts payable $7,500

Add: Decrease in interest receivable $4,000

Less: Increase in prepaid insurance -$7,000

Less: Decrease in income taxes payable -$2,000

LesS: Gain on disposal of plant assets -$10,000

Net cash provided (used) by operating activities $261,500

1) using information in this case study , estimate Mylans yearly profit.Do not include opportunity cost and assume families do not use discounts or coupons
2) 2. (1 point) Again, use information in this case study. Assume that the cost to develop the Epi-Pen was the average cost to bring a new drug to market, and that every Epi-Pen is sold at full price. At a price of $600 per two-pack, how many two-packs would be necessary to recoup the costs? What about a price of $100 per two-pack?
3) (1 point) What might cause Mylan to reduce the price of the Epi-Pen?bu​

Answers

its 200

Explanation:

600-100=500-2=498 600+100=700-2=798 798-498= 200

What is the role of executive director​

Answers

Answer:

An executive director is the senior operating officer or manager of an organization or corporation, usually at a nonprofit. Similar in many ways to the CEO role in a for-profit corporation, executive directors are responsible for steering the organization and managing its operations.

The Yucatan Co. in Mexico has a division that manufactures bicycles. Its budgeted sales for Model XG in 2021 are 95,000 units. Yucatan​'s target ending inventory is 7,000 ​units, and its beginning inventory is 11,000 units. The​ company's budgeted selling price to its distributors and dealers is 3,500 pesos per bicycle. Yucatan buys all its wheels from an outside supplier. No defective wheels are accepted. A separate division of the company orders the extra wheels Yucatan needs for replacement parts. The​ company's target ending inventory is 14,000 ​wheels, and its beginning inventory is 16,000 wheels. The budgeted purchase price is 400 pesos per wheel.
Required:
1. Compute the budgeted revenues in pesos.
2. Compute the number of bicycles that Yucatan should produce.
3. Compute the budgeted purchases of wheels in units and in pesos.
4. What actions can Yucatan's managers take to reduce budgeted purchasing costs of wheels assuming the same budgeted sales for Model XG?

Answers

Explanation:

1. Revenue in pesos

M*G

= 95000 x 3500

= 332,500,000 pesos

2. Number of bicycle to produce

Budgeted sales for period = s = 95000

Budgeted production = BP

Ending inventory = ev

Begining inventory = bv

BP = s + ex - bv

= 95000+7000-11000

= 91000

Yucatan should produce 91000 bicycles

3. 2 wheels are used

MR = 2x91000 = 182000

Ending inventory ev = 14000

Begining inventory bv = 16000

P = MR-bv+ev

P = 182000-16000+14000

P = 180000 units of wheels to be purchased

Price = 180000x400pesos

= 72000000 pesos

4. To reduce budgeted purchase cost, the manager should only purchase the right quantity of what is needed for the production process to reduce purchased inventory and to also reduce ending inventory

Fulton Company's price-earnings ratio is 8.0 and the market

price of a share of common stock is $32. The company has 3,000

shares of preferred stock outstanding with each share receiving

a dividend of $3 per share. The earnings per share of common

stock is:

a. $10.

b. $7.

c. $4.

d. $3.​

Answers

Answer:

c. $4

Explanation:

price-earnings ratio = stock price / earnings per share

8 = $32 / earnings per share

earnings per share = $32 / 8 = $4

the company's total earnings = earnings per share x total outstanding shares

earnings per share = (total earnings - preferred dividends) / outstanding common stocks

You are working with your integrated project team to sequence activities on the aircraft modification project you are leading. You are looking for the factors, constraints, and potential dependencies among project activities that can influence the way activities are sequenced, as well as help you understand the relationship between activities and the need for leads and lags. Where could you find this information?
A. Project schedule.
B. Assumption log.
C. Basis of estimates.
D. Work breakdown structure.

Answers

i think that it is A

When gathering information which of the following task might you need to perform

Answers

Answer:

take notes, research that information

Hanover and Trust, a large law firm, utilizes an internal centralized printing center to serve its three departments: Individuals, Corporate, Trust. The costs of the printing department include fixed costs of $69,190 and variable costs of $0.04 per page. Total estimated print pages are estimated to be 330,000 pages. Individuals are estimated to use 130,000; Corporate will use 165,000 and 35,000 from the trust area. Assuming a single charging rate is used, what would be the charge per page?

Answers

Answer: $0.25 per page

Explanation:

Fixed costs = $69,190

Variable costs = $0.04 per page.

We calculate the fixed cost charging rate per page which will be:

= $69190 / 330000

= $0.21 per pages

Then, the total single charging rate will be the addition of the fixed cost per page and the variable cost per page:

= $0.21 + $0.04

= 0.25 per page

The charge per page is $0.25

We have the following data with which to answer this question

Fixed costs = $69190

Variable costs = $0.04

Total number to be printed = 330000

To get the fixed cost charging rate:

Fixed cost ÷ total number

= 69190/330000

= 0.21 per page is the charge.

Therefore the total charge per page would be:

0.21+0.04

= $0.25 per page

The charge per page is $0.25

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Which tax withholding is required by the federal government?

Answers

Social Security tax

What are the issues when new product development is conducted at multiple sites? How can these issues be addressed?

Answers

Answer:

안녕 난 상관 없어 무료 포인트 고마워

Explanation:

머리가 제일?

_____ can be used for up to 90 percent of its assessed value.


Real estate

Accounts receivable

Insurance policies

Equipment


(ONLY ANSWER IF YOU ACTUALLY KNOW)

Answers

it’s called real estate

differentiate between Central Banks and other banks​

Answers

Commercial banks serve individuals and businesses, while central banks serve the country's banking system. They provide money transfers back and forth between banks and governmental institutions both domestically and in cases of transactions with foreign entities.

Lucas is the director of a local preschool. He oversees making sure that the staff is qualified to teach, that the curriculum covers everything a
preschooler needs, and that the facility runs smoothly day to day. The pathway in the Education and Training Cluster that Lucas's career falls into
is
O A Teaching and Training
B.
Administration and Administrative
O C.
Professional Support Services
OD.
Science & Mathematics

Answers

The pathway in the Education and Training Cluster that Lucas's career falls into is Administration and Administrative.

Who is an administrator?

This is the term that is used to refer to the person that is in a business that has the specific function that would have to oversee some of the important functions that take place in an organization. The administrator is a person that has to take care of the business functions and also ensure that the business is running very smoothly even in the school system.

With this, the job of the administrator in the schools is to ensure that the school is being run smoothly. That is all that is needed for teaching to be effective and all that are able to teach the students in the best ways are employed.

Hence we would say that Lucas falls in the Administration and Administrative cluster of the school system.

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B. Administration and Administrative.  

k12 career 2.10 quiz


There are never shortages or surpluses when the price in a market is equal to the equilibrium price for the market.

True or False





Answers

Answer:

true

Explanation:

because that means no dead weight loss in the market

Suppose that the equilibrium real federal funds rate is 4% and the target rate of inflation is 1%. Use the following information and the Taylor rule to calculate the federal funds rate​ target:
Current inflation rate​ = 4%
Potential real GDP​ = ​$14.72 trillion
Real GDP​ = ​$14.81 trillion
The federal funds target rate is____​%.​

Answers

Answer: 9.81%

Explanation:

The formula to find the Federal funds target rate is:

= Current inflation + Equilibrium federal funds rate + (0.5 * (Current inflation -  Target inflation rate)) + (0.5 * Output gap)

Output gap:

= (Real GDP - Potential GDP) / Potential GDP

= (14.81 - 14.72) / 14.72

= 0.611%

Federal funds target rate is:

= 4% + 4% + (0.5 * (4% - 1%)) + (0.5 * 0.611%)

= 9.8055%

= 9.81%

The first step in assessing industry attractiveness is to paint a picture of the industry at the macro level. Market research firms, like MELT, can help develop effective business research and offer strategies for conducting it. Which of the following is NOT one of the six foundational macro forces that create change in industries and the markets they serve?

a. economic
b. demographic
c. global
d. technological
e. sociopolitical

Answers

Answer:

c. global

Explanation:

The organizational macroenvironment is composed of a group of agents external to the organizational environment that directly impact on business.

The six fundamental macro forces that create changes in the sectors and markets they serve are economic, demographic, technological, socio-political, socio-cultural and ecological forces.

It is necessary for organizations to know their macroenvironment, because through this analysis it is possible to identify threats and opportunities and thus remain competitive and well positioned in the market.

1.A.ii. Which of the following is a problem presented by ethics audits?
a) They may be used to reallocate resources.
b) They identify practises that need improvement.
c) Selecting auditors may be difficult.
d) They may pinpoint problems with stake holder relationships.​

Answers

Answer:

The problem presented by ethics audits is:

c) Selecting auditors may be difficult.

Explanation:

An ethics audit is a comparison of the employees' actual ethical behaviors with the ethical guidance provided by the organization in its policies and procedures.  The audit tries to review the organization's ethics codes, past ethical incidents, and the responses made by the individual employees and the organization.  Through the audit, the auditor establishes a clear understanding of employees' perspectives on the organization's ethical practices.

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Fill in the empty slots by dragging tiles from the left to show the next step for solving the equation. Solve the equation 1.2x = 5.16 for x X= Please Help if you can!!! Read 1 Kings 18:42-45. Write a paragraph (no less than 150 words) describing the actions of Elijah's servant and tell what you think his feelings were and how they may have changed through his experience with Elijah on the top of Mount Carmel. Illustrate how that can apply to you today. 7.Find the slope of the line.A. [tex]\frac{1}{4}[/tex]B. 4C. 4D. [tex]-\frac{1}{4}[/tex] infer the meaning of the word using roots and prefix 2.12.5: Four Corners 7. What is the creation of a surgical passage through the abdominal wall into the ileum called?A. lleostomyB. BiopsyC. HemorrhoidectomyD. Tracheostomy Algebra 2 math question Which shows 4 /5 written as a division expression? HELP ASAP I NEED SOMEBODY SMART giving Brainiess or what ever its calledEQ: What goals of government are expressed in the Preamble to the U.S. Constitution? Describe.Text of Preamble:"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America." explain the proper way to clean lettuce for salad mary is selling thread bracelets to raise money for the animal shelter. she has been pricing them at $2.25, but reduced the price to $2.00 when they weren't selling. By what percent did she decrease the sale price of the bracelets? Please provide an example of a scenario where a police officer would, or would not, be legally entitled to stop and potentially frisk someone. Please explain why this is or is not legal. The Nez Perce signed a treaty at the wall walla council in which they1were given Full control of their reservation lands2 Had to share reservation lands with other tribes3Turn over most of their land but could still hunt and fish on it4Retain the right to own most of their ancestral land Help please!!!!!!!! In the diagram, the measure of angle 3 is 76.A transversal intersects 2 lines to form 8 angles. Clockwise from top left, the angles are 1, 2, 3, 4; 5, 6, 7, 8.What is the measure of angle 4? how can hand tools help every technician for their safety in doing hard servicing activities On Sunday, Dawson's flower shop sold 25 arrangements. The materials needed for 25 arrangements cost $250. If he sold each arrangement for $55, what would the net income? I need help explaining What is the solution to the inequality below? 840 Helpp quick answer!!!!!!!!