On average, how long will a machine be down and out of service?
In a factory, machines breakdown at an average of 6 machines per hour according to a Poisson distribution. The time a repair person takes to repair the machine is not defined by any probability distribution, but has a mean of 8 minutes and a standard deviation of 3 minutes.
Answer: W = 0.44 hour or 26.25 minutes
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Define the term ethical dilemma.
What will be an ideal response?
Journalize the following sales transactions for Outdoor Equipment using the periodic inventory system. Explanations are not required
July 1 Sold $4,200 of equipment on account, credit terms are 3/10, n/30, FOB destination July 5 Paid $90 on freight out. July 8 Negotiated a $240 allowance on the goods sold on July 1 July 11 Received payment from the customer for the full amount due on the July 1 sale. What will be an ideal response
Turcotte Corp reported the following revenues and net income amounts
2017 2016 2015 2014 2013 Revenue $728 $675 $500 $485 $452 Cost of goods sold 650 602 456 403 398 Calculate Turcotte's trend analysis for revenues and cost of goods sold. Use 2013 as the base year, and round to the nearest percent. What will be an ideal response
On average, U.S. corporations spend only about 2.5 percent of their sales on advertising.
Answer the following statement true (T) or false (F)