The weekly amount of money spent on repairs and maintenance by a company was observed over a long period of time to be approximately normally distributed with a mean of $400 and standard deviation of $20. If $450 is budged for next week for repairs, what is the probability that th eactual costs will exceel the budgeted amount?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The weekly amount of money spent on repairs and maintenance by a company was observed over a long period of time to be approximately ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Charlena, a shelf stocker, offers Megan the post of Vice President of Procurement to express appreciation for Megan's hand work in stocking the shelves at Charlena's store, Thrift City.
Answers (1)
Which best description of joint tenancy is best? Two or more people own a property equally or two or more people in the same family own a property equally
Answers (2)
Maxim manufactures a hamster food product called Green Health. Maxim currently has 15,000 bags of Green Health on hand. The variable production costs per bag are $2.80 and total fixed costs are $20,000. The hamster food can be sold as it is for $10.
Answers (1)
Someone who is not paid for performing duties is a (n) fiduciary agent. charitable agent. implied agent. gratuitous agent.
Answers (1)
What may employers who are accepted into the Safety and Health Achievement Recognition Program (SHARP) receive from OSHA?
Answers (1)
New Questions in Business
What are the characteristics of successful budgets? What can you do to cultivate these successful characteristics in your own money management?
Answers (1)
8. Problems and Applications Q8 There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: Consumers' Willingness to Pay Charles: $50 Gilberto: $35 Juanita: $25
Answers (1)
When a company buys equipment for $150,000 and pays for one third in cash and the other two thirds is financed by a note payable, which of the following are the effects on the accounting equation? A. Total assets decrease $50,000. B.
Answers (1)
Which is true about investments and risk? Low-risk investments have a high return over the long run. High-risk investments usually fail. Safe investments are always somewhat profitable. Every investment carries some degree of risk.
Answers (1)
Which of the following statements is true of ABC systems? A. ABC system is least suited for service companies. B. ABC system is simpler compared to traditional systems. C. ABC system will always result in higher product costs. D.
Answers (1)