Approximate probability-average weekly postage expense

Assignment Help Finance Basics

Reference no: EM13986129

Weekly postage expenses for your company have a mean of $312 and astandard deviation of $58. Your company has allowed $400 for postage per week inits budget.

(a) What is the approximate probability that the average weekly postage expense for the past 52 weeks will exceed the budgeted amount of $400?

(b) What information would you need to determine the probability that postage forone particular week will exceed $400? Why wasn't this information required for(a)?

Reference no: EM13986129

Questions Cloud

What would be the resultant overall company net income : If the Eastern Division is eliminated, what would be the resultant overall company net income(loss)?

What is the magnitude of the force needed to restrain : A 1420 kg car traveling east at 13.6 m/s has a head-on collision with a 1980 kg car traveling west at 20.5 m/s. If the collision time is 0.10 s, what is the magnitude of the force needed to restrain a 69 kg person in the smaller car?

Identify a problem or opportunity that may be facing : A 1,400-word Discussion Guide for Panera Bread Company to be used during the course of a Focus Group that researches Breakfast services target market. In your plan, be sure to do the following: Identify a problem or opportunity that may be facing ..

Find the time for the current in the circuit to decrease : A 1.44 μF capacitor is charged through a 127Ω resistor and then discharged through the same resistor by short-circuiting the battery. While the capacitor is being charged, find the time for the charge on its plates to reach 1e of its maximum valu..

Approximate probability-average weekly postage expense : What is the approximate probability that the average weekly postage expense for the past 52 weeks will exceed the budgeted amount of $400?

Create a strategy map for killam : Create a strategy map for Killam that incorporates a Strategy Map, Balanced Scorecard and Action Plan. Please reference online information sources appropriately using endnotes. Please use APA style when citing and referencing information.http://a..

What are relationship operators : Write a program that print whole numbers from 1 to 15 on the screen USUNG FOR LOOP - Write the same program using while loop.

What does the existence of life in such environments : Since the discovery of extremophiles, micro-organisms that thrive in extreme environments, our understanding of where life can exist has changed. Some extremophiles live in hot, acidic sulfur springs and some even live near the openings of deep oc..

Discuss who benefits and who suffers from specific embargo : Case - America's Cuban Conundrum. Discuss who benefits and who suffers from this specific embargo. Why is the embargo considered by some to be a "total failure"? What factors have contributed to the continued sanctions over the past 50 years

User Account

All Pages