Business, 19.07.2019 18:40 2891643

The time required for an automotive center to complete an oil change service on an automobile approximately follows a normal distribution, with a mean of 1717 minutes and a standard deviation of 2.52.5 minutes. (a) the automotive center guarantees customers that the service will take no longer than 2020 minutes. if it does take longer, the customer will receive the service for half-price. what percent of customers receive the service for half-price? (b) if the automotive center does not want to give the discount to more than 77% of its customers, how long should it make the guaranteed time limit?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:30

In its 2016 annual report, caterpillar inc. reported the following (in millions): 2016 2015 sales $38,537 $47,011 cost of goods sold 28,309 33,546 as a percentage of sales, did caterpillar's gross profit increase or decrease during 2016? select one: a. gross profit increased from 26.8% to 28.6% b. gross profit decreased from 28.6% to 26.5% c. gross profit increased from 71.4% to 73.2% d. gross profit decreased from 73.2% to 71.4% e. there is not enough information to answer the question.

Answers: 2

Answer

Business, 22.06.2019 14:00

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $

Answers: 3

Answer

Business, 23.06.2019 02:00

Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.

Answers: 1

Answer

Business, 23.06.2019 02:50

Which of the following will be a source of cash flows for a shareholder of a certain stock? i. sale of the shares at a future date ii. the firm in which the shares are held paying out cash to shareholders in the form of dividends iii. the firm in which the shares are held increasing the total number of shares outstanding through a stock split

Answers: 2

Answer

You know the right answer?

The time required for an automotive center to complete an oil change service on an automobile approx...

Questions