It is assumed that the time customers spend in a record store is uniformly distributed between 3 and 12 minutes. Based on this information, what is the probability that a customer will be exactly 7.50 minutes in the record store?
A) 0.1250
B) 0.05
C) Essentially zero
D) 0.111
C
You might also like to view...
The Linder theory asserts that countries with ______ will trade more manufactured goods with each other.
a. similar demand conditions b. unlike demand conditions c. similar supply conditions d. unlike supply conditions
What federal law applies to this particular situation?
a. Truth in Lending Act. b. Fair Credit Billing Act. c. Fair Credit Reporting Act. d. Equal Credit Opportunity Act.
The Four Habits Model described in Case 2 served as ______.
A. the foundation for a diverse array of KP programs B. a new personnel model involving psychology C. f our approaches to scientific research D. none of these
During 2017, Von Co. sold inventory to its wholly-owned subsidiary, Lord Co. The inventory cost $30,000 and was sold to Lord for $44,000. For consolidation reporting purposes, when is the $14,000 intra-entity gross profit recognized?
A. When Lord pays Von for the goods. B. When goods are transferred to a third party by Lord. C. When Von sold the goods to Lord. D. When Lord receives the goods. E. No gain can be recognized since the transfer was between related parties.