What is the operating cost for the lowest percent

Assignment Help Econometrics
Reference no: EM13208818

Assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean of $2,425 per hour and a standard deviation of $195.

What is the operating cost for the lowest 4 percent of the airplanes

Reference no: EM13208818

Questions Cloud

Give two explanations for the-one based on the benefits : Most college students are under age 25. Give two explanations for this-one based on the benefits people of different ages are likely to receive from higher education and one based on the opportunity costs of a college education to students of diffe..
What are expectations on the future market conditions : Construct the table and the diagram showing the profit-loss (as a function of the terminal futures price) of each component position and of the combined position of your portfolio - Calculate the current value, the delta, the ga..
Explain the osmotic pressure of a aqueous solution : The osmotic pressure of a aqueous solution of a given polymer with mass concentration 0.300 g/mL is 10.0 torr at 298 K. Estimate the molar mass of the polymer.
Explain delta v and delta g : Predict the delta H, delta S, delta V and delta G for dissolving 60. g benzene (C6H6) in 100. g of toluene (C7H8) at 298 K. State any assumptions made.
What is the operating cost for the lowest percent : Assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean of $2,425 per hour and a standard deviation of $195. What is the operating cost for the lowest 4 percent of the airplanes.
What is probability that one of students will beliving : What is the probability that one of the students will beliving on campus given that he orshe is from out of state?
Determine whether daniel makes better or worse grades : Daniel is a diligent student who loves getting A's. But he also loves watching movies. Daniel is awake for 100 hours each week, and studying and watching movies are his only two activities. Daniel must study for 20 hours per week for each A he ear..
Construct the bifurcation diagram : Solve the full Hodgkin-Huxley equations numerically with a variety of constant current inputs. For what range of inputs are there self-sustained oscillations? Construct the bifurcation diagram.
Why is the same not true if is replaced : Explain why replacing the extracellular with choline has little effect on the resting potential of an axon. Calculate the new resting potential with 90% of the extracellular removed. Why is the same not true if is replaced? (Assume the conductance..

Reviews

Write a Review

Econometrics Questions & Answers

  How much more will alexx have than spenser

Many retirement funds charge and administrative fee equal to 0.25% on managed assets. Suppose that Alexx and Spenser each invest $5,000 in the same stock this year. Alexx invests directly and earns 5% a year. Spenser uses a retirement fund and ear..

  Illustrate the choice that each person will make

janelle aand brian each plan to spend $20,000 on the styling and gas mileafe features of a new car. They can choose all styling, all gas mileage, or som combination of two. Janelle doesnot care at all about styling and want the best gas mileage po..

  How much withdrawals made and the balance left in account

Robertson Inc. wishes to set aside lump sum money to withdraw from and invest in automating parts of its business over the next 5 years. This money is expected to earn compound interest at the rate of 10% per year.

  Calculate the tfr and nrr

In Avataria one-forth of all females born die in infancy, and the rest of them live until age 60. Women bear 1 child at age 18, 1 child at age 24, 1 child at age 26, and 1 child at age 30. One-half of children are boys.

  Solve these equations for the equilibrium values of c

Assume that the following equations characterize a large open economy: (1) Y = 5,000 (2) Y = C + I + G + NX (3) C = 1/2(Y - T) (4) I = 2,000 - 100r (5) NX = 500 - 500e (6) CF = -100r (7) CF = NX (8) G = 1,500 (9) T = 1,000where NX is net exports, CF ..

  Define firms production function

For the isocost line, clearly identify the vertical and horizontal intercepts. For the isoquant, clearly identify 5 combinations of Labor and Capital that will produce Q = 20 (including the bundle that minimizes the firm's cost of production). M..

  Hmo entering the commercial employee benefit market

Would an HMO entering the Medicare market expect to experience favorable or adverse selection?

  Compute the competitive equilibrium prices

There are two invididuals. The first (individual A) has the utility function \(u^{a} = x_{1}^{2} + x_{2}^{2}\) , x>=0, and endowment (1,2). The second (individual B) has utility function \(u_{b} = x_{1} + ax_{2}\) , a>0, x>=0, and..

  Will an airline be likely to raise price for both groups

Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston: Price Quantity Demanded Quantity Demanded for business travelers for Vacationers 150 2,900 1,000 200 2,700 750 250 2,550 550 300 2,..

  Determine by what percent did gdp decline

The Commerce Department said gross domestic product, the broadest measure of goods and services produced in the USA, fell at a 0.3% annual rate in the third quarter. Consumer spending, two-thirds of economic activity, plummeted at a 3.1% rate-the ..

  How the introduction of comparative evaluation can reduce

American Linen is a firm that has multiple salespersons. In 2008, it changed the compensation method for its sales force, moving from a system of fixed wages to one of base wage plus commission. As a result, American Linen's total revenue from sal..

  What should be the quantity sold to increase revenue

The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. If it decreases the price ..

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