Write down the linear equation that relates the labor cost

Assignment Help Basic Statistics
Reference no: EM131813909

Question: The pricing schedule for labor on a service call by an elevator repair company is $150 plus $50 per hour on site.

a. Write down the linear equation that relates the labor cost y to the number of hours x that the repairman is on site.

b. Calculate the labor cost for a service call that lasts 2.5 hours.

Reference no: EM131813909

Questions Cloud

Analyze at least three potential management conflicts : Analyze at least three potential management conflicts that may arise due to the identified differences and propose solutions for each to help combat.
Discuss what amount will plaxo record as a deferred tax : What amount will Plaxo record as a deferred tax asset or liability in 2010
How did your firm conduct the impairment testing : How did your firm conduct the impairment testing? Has your firm recorded any impairment expenditures during the period?
What was the trigger event : During the change, did you observe any elements of the change wheel at work in Walmart, as described by Kanter in this unit's additional reading?
Write down the linear equation that relates the labor cost : Write down the linear equation that relates the labor cost y to the number of hours x that the repairman is on site.
Discuss accountants in public accounting and consulting : Describe also how accountants in public accounting and consulting are affected by this section of SOX
Calculate the cost of a call : The cost of a telephone call made through a leased line service is 2.5 cents per minute. Calculate the cost of a call that lasts 23 minutes.
How do we know if the decision we made was a good one : What does it mean to make a decision? How do we know if the decision we made was a good one?
Explore the website for an organization comparable to yours : Determine the possible metrics for each quadrant for your organization.Explore the website for an organization comparable to yours.

Reviews

Write a Review

Basic Statistics Questions & Answers

  A sample of 25 novels has a standard deviation of 9 pages

a sample of 25 novels has a standard deviation of 9 pages. find the 95 confidence interval of the population standard

  Discuss about the simpson paradox

Show that Simpson's paradox holds: a higher percentage of white defendants are sentenced to death overall, but for both black and white victims.

  Determining random number generation

The time until a component is taken out of service is uniformly distributed on 0 to 8 hours. Two such independent components are put in series, and the whole system goes down when one of the components goes down.

  Probability that average stock price of portfolio increased

Assuming that the standard deviation of stock price movements that day was 2 points and assuming stock price movements were normally distributed.

  What graph can i use to display the results of the

what graph can i use to display the results of the following scenario preschool students create pictures of their

  Confidence level to find the population proportion

A high school counselor is interested in the percentage of students who will be going to college. She randomly picks 60 students and finds that 53 will be going to college. Use a 95% confidence level to find the population proportion.

  Six of his next eight free-throw attempts

Michael Jordan makes 80 percent of his free throws. What is the probability that he will make at least six of his next eight free-throw attempts?

  Linear and the exponential model

a. Plot the above data to choose between the linear and the exponential model.

  Jorge finds that his standardized z score on an iq is 20

jorge finds that his standardized z score on an iq is 2.0. what percentage of people did he score higher than?a. 98b.

  Determine the sampling distribution for samples

For each of the following three populations, indicate what the sampling distribution for samples of 25 would consist of.

  Construct an r-chart based on the given data

The Haines Lumber Company makes plywood for residential and commercial construction. One of the key quality measures is plywood thickness.

  Use sampling with probability proportional to size

Use sampling with probability proportional to size, with replacement, to estimate the mean or total of a population of your choice. One example would be the average elevation of lakes on a topographic map.

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