User Account

All Pages

Time required for getting paid from jobs

Assignment Help Basic Statistics
Reference no: EM131652031

Question: No Leak Plumbing and Repair provides customers with firm quotes for a plumbing repair job before actually starting the job. To be able to do this, No Leak has been very careful to maintain time records over the years. For example, it has determined that the time it takes to remove a broken sink disposal and to install a new unit is normally distributed with a mean equal to 47 minutes and a standard deviation equal to 12 minutes. The company bills at $75.00 for the first 30 minutes and $2.00 per minute for anything beyond 30 minutes. Suppose the going rate for this procedure by other plumbing shops in the area is $85.00, not including the cost of the new equipment. If No Leak bids the disposal job at $85, on what percentage of such jobs will the actual time required exceed the time for which it will be getting paid?

Reference no: EM131652031

Questions Cloud

Determine the median total sale : According to Business Week, Maternity Chic, a purveyor of designer maternity wear, sells dresses and pants priced around $150 each for an average total sale.
About the climate regarding organizational behavior : Create a 300-word analysis on American Express company and its climate regarding organizational behavior.
What are some experimental design changes you can make : What are some other specific threats to internal validity as discussed. What are some experimental design changes you can make to help control for those?
Downward sloping demand curves : which in effect, means those firms with downward sloping demand curves have some market-pricing power.
Time required for getting paid from jobs : If No Leak bids the disposal job at $85, on what percentage of such jobs will the actual time required exceed the time for which it will be getting paid?
How do culture and gender affect strategic leadership : How do culture and gender affect strategic leadership? Why is it important to have a good and complete strategy for you new venture?
What are the four types of participant observation : What are the four types of participant observation? How you could use participant observation, and how you would manage pertinent ethical considerations.
What is the purpose of your proposed community policing unit : What type of officers would you want working in your proposed unit. Explain. Specifically, for which qualifications and experience would you be looking
Development of business relationships : The development of business relationships is key in the B2B world. Explain why this statement is true using background information regarding B2B processes.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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