How many miles will be travelled by at least eighty percent

Assignment Help Accounting Basics
Reference no: EM132722333

Question - Toby's Trucking Company determined that the distance travelled per truck per year is normally distributed, with a mean of 50 thousand miles and a standard deviation of 12 thousand miles.

Required -

a. What proportion of trucks can be expected to travel between 34 and 50 thousand miles in a year?

b. What percentage of trucks can be expected to travel either less than 30 or more than 60 thousand miles in a year?

c. How many miles will be travelled by at least eighty percent of the trucks?

Reference no: EM132722333

Questions Cloud

Construct a 2 period binomial lattice : A stock is priced at $100. It pays a continuous dividend of 2% per year. The riskless rate is 3% per year continuously compounded.
Explain how each situation could indicate a fraud risk : Required - Explain how each situation could indicate a fraud risk and how the auditor could confirm or dispel it
What is the internal rate of return for blue corporation : Blue Corporation recently purchased a new machine for $339,013.20 with a ten-year. Net cash flows will be $60,000 per year. What is the internal rate of return?
How much conversion cost was assigned to the ending work : How much conversion cost was assigned to the ending work in process inventory in the Production Department for November
How many miles will be travelled by at least eighty percent : How many miles will be travelled by at least eighty percent of the trucks? What proportion of trucks can be expected to travel between 34 and 50 thousand
Calculate the amount of annual loan repayment : Calculate the amount of annual loan repayment. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
How much would be monthly payment : How much would be your monthly payment? (rounded to the nearest dollar)?
What is recommendation for stock : You want to calculate the 14-day period Relative Strength Index (RSI) for stock A at the end of the 14th day, as represented by the following table:
Prepare the journal entries to record the sale on November : The units have a list price of $600 each, but Thomas was given a 30% trade discount. Prepare the journal entries to record the sale on November

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the selling price of the bonds

At the time of issuance, the market interest rate for similar financial instruments is 12%. Determine the selling price of the bonds

  Katie received a half-tuition scholarship that paid for

matt and carrie are married have two children and file a joint return. their daughter katie is 19 years old and was a

  Determine their shares of net income or net loss

Ken Danolo and Jim Goldman form a partnership, investing $96,000 and $168,000, respectively. Determine their shares of net income or net loss

  On july 1 year 4 ahmed signed an agreement to operate as a

on july 1 year 4 ahmed signed an agreement to operate as a franchisee of teacake pastries inc. for an initial franchise

  Howarth manufacturing company purchased a lathe on june 30

howarth manufacturing company purchased a lathe on june 30 2009 at a cost of 95000. the residual value of the lathe was

  Compute the overhead controllable variance

Overhead is applied on the basis of standard machine hours. Compute the overhead controllable variance and the overhead volume variance

  Wages from a part-time job

O.2 Compute the 2015 standard deduction for the following taxpayers. Margie is 15 and claimed as a dependent by her parents. She has $800 in divi- dends income and $1,400 in wages from a part-time job.

  What is the total amount invested by all stockholders

What is the total amount invested (total paid-in-capital) by all stockholders as of May 9?

  Assuming kerr earns a before interest expense recognition

Assuming Kerr earns a before interest expense recognition profit of $400 during 2013, determine the amount of interest and dividends paid.

  Calculate assets and liabilities for both debbie and tim

Calculate assets and liabilities for both Debbie and Tim, then calculate each persons equity

  A company issues at par 8 bonds with a par value of 153000

a company issues at par 8 bonds with a par value of 153000 on april 1 which is 4 months after the most recent interest

  Design an audit program for the cycle

Design an audit program for the cycle in no more than 1,050 words. Consider using a checklist or flowchart to outline your process.

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!

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