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ProbabilityDistributions Problem Set
Solutions are provided at the end of the document
P-1 The salespeople at Owl Realty sell up to 9 houses per month. The probability distribution of a salesperson selling n houses in a month is as follows:SalesProbability
0.05 1.10 2.15 3.20 4.15 5 6.10
7.05 8.05 9.05
a. What is the probability of selling 5 houses in a month?b. What are the expected value and the standard deviation for the number houses sold by the salespeople per month?
P-2 The following data has been recorded regarding the rental history of a high pressure cleaner at a home improvement store.DemandFrequency
020 123 227 314 416
Find the expected demand for the high pressure cleaner.
P-3Forty percent of all high school graduate work during the summer to earn money for college tuition for the upcoming fall term. Assuming a binomial distribution, if 6 graduates are selected at random, what is the probability that:a) 3 have a summer jobb) None have a summer jobc) All have a summer jobd) At least 2 have a summer job
a student earned grades of c a b and a. those courses had these corresponding numbers of credit hours 4 5 1 and 5. the
Kentucky Enterprises purchased a machine on January 2, 2010, at a cost of $120,000. An additional $50,000 was spent for installation, but this amount was charged erroneously to repairs expense. The machine has a useful life of five years and a sal..
during the year credit sales amounted to 800000. cash collected on credit sales amounted to 760000 and 18000 has been
question 1 in the context of this course you will be asked to address the issuesquestions below for the container store
Write a 1,050- to 1,400-word paper in which you compare and contrast auditing, attestation, and assurance services. In your paper, be sure to include the following:
The Case of Internal Controls in X Company and Ms. Smith
The device on a digital telephone that converts analog voice signals to digital signals is called
Brass Works, Inc. produces brass lamps and gift products. Engineers at Brass Works have established the following direct labor standards to produce a brass candelabra:
G Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the depreciatio..
shannon company is planning to produce 2000 units of product in 2014. each unit requires 3 pounds of materials at 5 per
the expected average rate of return for a proposed investment of 600000 in a fixed asset with a useful life of four
The income from the business before the cost recovery deduction and the 179 deduction was 810k. She takes additional first year depreciation. Determine the cost recovery deduction with respect to the asset for 2013.
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