What mileage limit would result

Assignment Help Business Management
Reference no: EM132114953

Suppose the distribution of miles driven on four-year leases follows the normal distribution with a mean of 53,000 miles and Standard deviation 5000 miles . The automobile company would like to include a $0.10 per mile penalty for excessive mileage to the terms of the lease. What mileage limit would result in 20% of the leases being over the limit? (Round your answer to one decimal to the right.)

Reference no: EM132114953

Questions Cloud

Make a program that gives simple math quizzes : Write a program that gives simple math quizzes. The program should display two random integers between 0 and 999 that are to be added.
What is the probability that a return visit will be required : What is the probability that a return visit will be required for more than two of the installations?
A line of code to concatenate a set of calculations : In Python (version 3.6,) how would I write a line of code to concatenate a set of calculations from a list together?
Write a function called sumto that takes as arguments : Your function should use a loop to sum all of the numbers between the two (This includes the starting and ending numbers) and return the sum.
What mileage limit would result : What mileage limit would result in 20% of the leases being over the limit? (Round your answer to one decimal to the right.)
Water is used as part of the cooling system : At an Oceanside nuclear power plant, see water is used as part of the cooling system.
Write a program which asks the user for two numbers : Write a program which asks the user for two numbers and calculates the first number raised to the second number.
Representatives of a particular company : The annual commissions earned by sales representatives of a particular company follow the normal probability distribution.
Write a program that calculates the amount of money : Write a program that calculates the amount of money a person would earn over a user-specified number of days if their salary is one penny the first day.

Reviews

Write a Review

Business Management Questions & Answers

  Management of technology and innovation

Why are capabilities and value creation so interconnected with the management of technology and innovation? Be sure your answer is in the context of its strategic importance.

  Improvement of human longevity

However the largest restriction in the improvement of human longevity is the inability to replace the components or organs of the body when they wear out.

  Marketplace considerations for implementing iso 14000

What are marketplace considerations for implementing ISO 14000 and does implementing ISO 14000 provide a company with a competitive advantage?

  Prepare a plan to manage the change from current operations

Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals. Create a plan to implement a firm's strategy and manage the change from current operations.

  Proverbial glass ceiling for certain groups of people

In your opinion, are organizations, in general, living up to their diversity mission statements? Is there a proverbial 'Glass Ceiling' for certain groups of people?

  Addressing a project change

You just finished up your status meeting with Ben and are deeply concerned about the CRM implementation of the project. You are not sure, given what you just heard, that the project will be able to finish in time.

  Address issues with the partnering companies

Assume the role of a senior-level manager in a Middle Eastern multinational company.- How do you keep your company from suffering much damage due to poor publicity? Thoroughly explain.

  What is an ultra vires act

What is an Ultra Vires act within the context of corporate action? What remedies, if any, are available to innocent shareholders who played no role in the Ultra Vires act? What liabilities, if any, exist for a corporation or an individual actor ..

  Description of performance management and employee

description of performance management and employee servicesas a human resources manager you realize that performance

  Business-level and corporate-level strategies

Choose an industry you have not yet written about in this course, and one publicly traded corporation within that industry. Research the company on its own Website, the public filings on the Securities and Exchange Commission EDGAR database (http:..

  Write paper about why do bussinesses need to develop ethics

Write a term paper about Why do bussinesses need to develop ethics programs? You will write a Research Paper on a topic relating to business ethics.

  Present value of a security

What is the present value of a security that will pay $19,000 in 20 years if securities of equal risk pay 3% annually? Round your answer to the nearest cent.

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