The average price of personal computers manufactured by MNM Company is $1,200 with a standard deviation of $220 . Furthermore, it is known that the computer prices manufactured by MNM are normally distributed. If 513 of the MNM computers were priced at or below $647.80, how many computers were produced by MNM?
a. 185,500
b. 85,500
c. 513,000
d. not enough information is provided to answer this question
B
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As a company manager for Claimstat Corporation there is a 0.40 probability that you will be promoted this year. There is a 0.72 probability that you will get a promotion, a raise, or both. The probability of getting a promotion and a raise is 0.25. a.If you get a promotion, what is the probability that you will also get a raise?b.What is the probability that you will get a raise?c.Are getting a raise and being promoted independent events? Explain using probabilities.d.Are these two events mutually exclusive? Explain using probabilities.
What will be an ideal response?
The following beginning and ending balances were drawn from the records of Allen Co. BeginningEndingEquipment$350,000 $275,000 Accumulated depreciation 175,000 100,000 If Allen Co. sold equipment that had an original cost of $175,000 and accumulated depreciation of $75,000 for $62,500, how much did Allen pay for new equipment?
A. $25,000 B. $100,000 C. $250,000 D. $12,500
Step 1 in the planning phase of the strategic marketing process involves ________.
A. conducting a situation (SWOT) analysis B. auditing the marketing plan C. developing the marketing program D. setting goals E. establishing the budget
When a new stock is introduced into a portfolio and the ups and downs of its return appear to coincide with those of the portfolio's return, the stock's return is said to be perfectly positively correlated with the portfolio's, and its addition will reduce portfolio risk
Indicate whether the statement is true or false