suppose bank normally receives a customer every 3 minutes what is the chance that at most 2 customers will arrive in a period of 9 minutes

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Answer 1

The probability that 2 or 3 customers will arrive in a 9-minute period is 0.59173.

Probability can be described as possibility. It is a form of mathematics that deals with the occurrence of a random case. The price is shown from zero to one.

The number of e = 2.71828

E means the Euler number.

Initially, we should determine the segment unit, since the mean is 3 minutes

The mean(m) = 3

Since the period is 9 minutes = 0.15 hour, t= 0.25 hour / 1 hour. Therefore M.t= 3 x 0.15 = 0.45

The poisson distribution formula can be seen below:

P(x) = (mt)ˣe⁻mt / x

Then the probability that 2 or 3 customers will arrive in a 9-minute period

P(x=2) or P(x=3) = P(x=2) + P(x=3) = (0.45)²e⁰⁴⁵/2 + (0.45)³e⁰⁴⁵/3   = 0.5505 + 0.04123 = 0.59173

In conclusion,  P(x=2) or P(x=3) = 0.59173

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Related Questions

true or false? prevention and demand reduction are less costly strategies than interdiction or penalties administered via the criminal justice system.

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True prevention and demand reduction are more cost-effective than prohibition or penalties imposed through the criminal justice system.

Which strategy reduces crime more effectively?

In general, there is a lot of evidence that the manner in which police officers are deployed, such as through directed patrols, proactive arrests, and problem-solving in high-crime areas, has the greatest impact on preventing serious crime.

Why is punishment most effective when it deters?

According to the economic theory of deterrence, an increase in the cost of committing a crime should discourage individuals from doing so. However, there is evidence that those who anticipate being caught and punished are less likely to commit a crime than those who do not anticipate being caught or punished.

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expanding awareness is? limited by our unconscious resistance. a basic goal of existential therapy. not given emphasis in existential therapy. possible only with a few clients.

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Expanding awareness is a basic goal of existential therapy.

A different attentional technique is "expanded awareness." It entails maintaining focus on all that is occurring simultaneously in a larger environment at one time while doing it minute by moment. This exercise can help us become more perceptive of our surroundings.

Our senses are activated and sharpened by expanded awareness, enabling us to react rapidly and adaptable to changes in our surroundings. We require simultaneous concentrated attention and expanded awareness when life demands our best effort.

A state of consciousness in which we perceive more than what is immediately perceptible through the physical senses or is understood by the reasoning mind is known as expanded awareness.

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a company just starting in business purchased three merchandise inventory items at the following prices: first purchase $64; second purchase $76; and third purchase $68. if the company sold two units for a total of $200 and used lifo costing, the gross profit for the period would be .

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the gross profit for the period would be $60 for a company just starting in business and purchasing three merchandise inventory items.

What is gross profit?It is the profit of a company after deducting the costs associated with manufacturing and selling a product or the costs associated with providing a service.It is shown on a company's income statement and can be calculated by subtracting the cost of goods sold from revenue or sales. These figures can be found on the company's income statement. Gross profit is also called sales profit. It includes only variable costs and does not consider fixed costs.Gross margin measures the efficiency of a firm in using its labor and inputs to produce goods and services.Gross profit, which reflects only the cost of goods sold, differs from net profit, which accounts for corporate expenses. This is the margin that indicates what percentage of the company's revenue can be used to pay the company's operating expenses.

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terry attends college and works part-time job in a drug store. she can work up to 40 hours each week, and is paid $9 per hour. the table below shows her utility from different levels of leisure and income. if terry decides to work 20 hours per week, her total utility from both leisure and income would be:

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Terry's Total Utility from both leisure and income, if she chooses to work 20 hours per week, would be 142.

Total utility is the overall satisfaction a buyer experiences after using a specific good or service. Each distinct unit of products or services has its own marginal utility. The sum of all such individual objects' marginal utilities is the total utility.

Leisure    Total Utility       Work     Income    TU from      TU from

Hours       from Leisure    Hours                      Income       both

(1)                  (2)                  (3)            (4)              (5)             (6) = (5) + (2)

                    0                   40            360            107                107

5                   18                  35            315             103                121

10                 34                  30            270             98                132

15                 48                  25            225             92                140

20                56                  20            180              86                142

25                60                  15             135              77                 137

30                65                  10              90              59                 124

35                69                   5              45               35                 104

40                72                   0                0                0                    72

Terry had worked a total of 40 hours, not counting his free time. the three columns—work hours (Column 3), income (Column 4), and take-home pay (Column 5)—so that more work results in more income and more leisure time produces less work and lower income. Columns 2 and 5 can be added together to determine that she would have a total utility from leisure and money of 142, which is equal to 20 hours of labor.

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How can you be sure to wear the right clothes for work?

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It depends where you work

the grand isle has 12,000 shares of stock outstanding at a market price of $31.60 per share. the book value per share is $12.08. the firm has earnings per share of $1.86 and a dividend payout ratio of 0.40. what is the firm's sustainable rate of growth? 9.24 percent 10.86 percent 10.57 percent 8.88 percent 9.71 percent

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The grand isle has 12,000 shares of stock outstanding at a market price of $31.60 per share. the book value per share is $12.08. the firm has earnings per share of $1.86 and a dividend payout ratio of 0.40. 9.24 percent is the firm's sustainable rate of growth.

The price at which a good or service can currently be purchased or sold is known as the market price. The dynamics of supply and demand influence the market price of a good or service. The market price is the cost at which the quantity supplied and the amount demanded are equal.

The market value reflects a firm's worth in terms of the stock market. It is the cost that an asset would command on the open market. When referring to businesses, market value and market capitalization are equivalent. It is a sum of money calculated using the share price of the firm as of the current trading day.

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julien has been working at mountain real estate for one year. rather than using the business name, julien has his own name and personal logo printed on his business cards. per oregon stipulations what action must julien take with his business cards?

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julien has been employed with mountain real estate for a year. Instead of utilizing the company name, Julien has his name and emblem printed on his business cards. Julien took his business cards and registered as a small business in Oregon.

What Is Real Estate?

Real estate is defined as the land and any permanent structures, such a house, or improvements related to the property, whether created naturally or artificially. A type of real property is real estate. It is distinct from personal property, such as cars, yachts, jewels, furniture, and farm equipment, which is not permanently affixed to the land. Real estate is something permanently affixed to or established on land, whether it be created naturally or artificially.

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true or false: the total value added for the three producers in this economy equals the economy's gdp. true

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This claim is untrue. The three producers' combined value added in this economy is not equal to its GDP.

How much money is GDP worth overall?

The value of all finished goods and services produced inside a nation's borders is measured by its gross domestic product (GDP). The total worth of products and services that a nation produces over time, both inside and without its boundaries, is known as its gross national product (GNP).

The three producers in this sector have a combined value contributed that is less than the GDP of the country. The GDP typically excludes products and services that are not sold in markets, such as food produced and consumed at home.

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a. recall that the shaded areas in the fred graph indicate u.s. recessions. how were the upper and lower limits of the federal funds rate target adjusted after the end of the 2007-2009 recession?

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The government enacted the Dodd-Frank Act to improve financial system transparency and accountability.

Why was the recovery from the 2008-2009 recession so slow?

They came to the conclusion that the dynamics of the 2007-09 recession were largely similar to those of previous postwar recessions, with the exception that the shocks were more severe and the financial sector played a larger role. According to the authors, the slow recovery is due to slow supply growth rather than a weak recovery in aggregate demand.

The Federal Reserve reacted aggressively to the financial crisis that erupted in the summer of 2007, implementing a number of programs aimed at bolstering financial institutions' liquidity and fostering improved financial market conditions.

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assume you take a first and second loan on a commercial property; both are interest-only loans with one financing 60% of the purchase price at a 5% interest rate, and the other financing 20% of the purchase price at a 15% interest rate. positive leverage would be created in the first year if the property was purchased with expected returns equivalent to

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If you look at the information in the question, you'll notice that the return is less than the cost of borrowing (loan interest rate) (ATIRR). This indicates that there is negative leverage and that the property cannot utilise it.

Positive leverage would be created in the first year if the property was purchased with expected returns equivalent to leverage.

Financial leverage is the process of using borrowed money (debt) to buy assets in the expectation that the income from the new asset or capital gain would outweigh the cost of borrowing. The leverage is summed up in this idea. By using debt (loan money), or leverage, we mean to increase the profits on an investment or project.

Leverage allows investors to increase their market buying power.

Leverage is a tool used by businesses to finance their assets. Rather than issuing stock to raise money, businesses can use debt to finance operations in an effort to boost shareholder value.

The most popular financial leverage ratios to determine how hazardous a company's position is are debt-to-assets and debt-to-equity.

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if market interest rates longterm bonds will decline in value more than shortterm bonds. b. longterm bonds will rise in value more than shortterm bonds. c. shortterm bonds will decline in value more than longterm bonds. d. shortterm bonds will rise in value more than longterm bonds.

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If market interest rates long-term bonds will rise in value more than short-term bonds.

The correct option is B.

What interest rates means?

An interest rate provides information on how costly lending is or how profitable saving is. As a result, the amount you spend for borrowing when you are a lender and the interest rate are both expressed as a proportion of the total loan amount.

What impact do interest rates have on businesses?

Businesses with current loans and company credit cards may experience higher interest payments, less discretionary income, and greater overheads as a result of an increase in interest rates. In some circumstances, borrowers can find themselves repaying the loan principal in addition to the interest only.

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The complete question is -

If market interest rates -

a. long-term bonds will decline in value more than short-term bonds.

b. long-term bonds will rise in value more than short-term bonds.

c. short-term bonds will decline in value more than long-term bonds.

d. short-term bonds will rise in value more than long-term bonds.

let $a$ and $b$ be distinct positive divisors of $80.$ what is the smallest possible value of $ab$ which is not a divisor of $80?$

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The canonical factorization of 80 is 24×5. Any factor of 80 will be of form 2u5v,0≤u≤4, and 0≤v≤1.

Let's say a=2u5v and b=2w5x and 0≤u,w≤4 and 0≤v,x≤1 .Now ab=2u+w5v+x. If ab is not a divisor of 80, then either condition is true.u+w>4 or v+x>1 .

If v+x>1 holds, then the only solution is v=x=1. In this case, the smallest value of u+w will be 1 because u+v=0⟹u=v=0 means a=b=5. This is not true because a and b are different. If u=0,w=1 then a=5, b=10, ab=50.

Computes the smallest value when u+w>4 runs. The smallest value of u+w is 5. Take v=x=0 in this case. u=1,v=4 is acceptable because it gives different values ​​for a and b i.e. 2 and 16. In this case, the value of ab is 32.

In both cases, 32 is the smallest, so 32 is the number you want.

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average and poor business writers are more likely than excellent writers to focus on the stage first.

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Average and poor business writers are more likely than excellent writers to focus on the first stage which is the Drafting stage.

The writer drafts his ideas into complete thoughts, such as sentences and paragraphs. The writer organizes his ideas so that the reader can understand his message. He accomplishes this by concentrating on which ideas or topics to include in the writing.

The peer-review forum is intended to provide an objective assessment of a writer's draft.

It is not the time to criticize the individual's personality; rather, his work has been proofed and suggestions have been made.

To have a productive peer review, discuss the draft rather than the writer.

The complete question is:

Average and poor business writers are more likely than excellent writers to focus on the _____ stage first.

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types of home first mortgages differ by the presence or absence of a due-on-sale clause. types of loans that almost always have due-on-sale clause include:

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The existence or absence of a due-on-sale provision distinguishes different types of home-first mortgages. Conventional mortgage loans are among the loan kinds that virtually usually feature a due-on-sale condition.

Conventional simply indicates that there is no special government program associated with the loan. While more challenging to get, conventional loans are often less expensive than FHA loans. If you don't have much debt and have a good credit score, a conventional loan is a wonderful choice.

By paying 20% of the loan amount up in advance, you can eliminate PMI and minimize your monthly mortgage payments. Conventional loans are available with a down payment as low as 3% if you are unable to make a sizable upfront payment. higher standards for credit scores than those for government loan programs.

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940 at a budgeted direct labor hour rate of $15. the budgeted fixed cost is $950 per month. the total budgeted overhead cost will be

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Based on the calculations, the total budgeted overhead cost will be equal to $15050.

What is a budget?

A budget can be defined as a financial plan that is typically used for the estimation of revenue and expenditures of an individual, business organization or government for a specified period of time, often one year.

How to calculate the total budgeted overhead cost.

Total budgeted overhead cost = (940 × 15) + 950

Total budgeted overhead cost = 14,100 + 950

Total budgeted overhead cost = $15050.

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sales promotions that offer a discounted price to the consumer to encourage trial are called . multiple choice question. coupons loyalty programs premiums contests

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Sales promotions that offer a discounted price to the consumer to encourage trial are called  coupons.

What is Sales promotion?

One component of the promotional mix is sales promotion. Advertising, personal selling, direct marketing, and publicity/public relations make up the bulk of the promotional mix.

A transitory campaign or offer is used by a company as part of a sales promotion to raise interest or demand in its product or service. A company may decide to utilize a sales promotion (or "promo") for a variety of reasons, but the main one is to increase sales.

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Many rapidly growing firms are outsourcing areas like engineering, design, and manufacturing with the use of the internet, thus, developing a(n) _________ approach to operations management.

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Many rapidly growing firms are outsourcing areas like engineering, design, and manufacturing with the use of the internet, thus, developing a(n) inter-firm approach to operations management.

What is inter-firm approach?

Inter-firm approach can be defined as the type of approach put in place by companies or organization that enables them to analyze themselves or the type of business they does or engage in.

Most companies that tend to make use of this type of approach does that so as to check for any lapses and they find way to improves the lapse which inturn can tend to lead to effective smooth running of their business operation.

Therefore the blank space is inter- firm approach.

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Paul drives a truck as an employee for quick delivery, inc. Paul would most likely be considered acting outside of the scope of her employment if he.

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Paul would most likely be considered acting outside of the scope of her employment if he crashed into a car at the airport while off-duty.

What is Employment?

In most cases, the term "employment" refers to the condition of having a paid job—of being employed. A person is paid to work when they are employed. Employees are employed by an employer. As in We're working to increase our employment of women., the term "employment" can also refer to the act of employing people. Having a paid job is what is meant by being employed. She was unable to get a job. He frequently took the car to get to work from home. It is a profession where an individual working as an employee reports to an individual working as an employer. The conditions. There are some terms and conditions of labour, such as the number of hours worked, the length of the shift, the availability of paid time off, the location of the job, etc. Periodical remuneration

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on the date of record for a dividend, the company: a. debits dividends and credits dividends payable for the amount of the dividend. b. debits dividend expense and credits cash for the dividend amount. c. debits dividends payable and credits cash for the dividend amount. d. establishes who will receive the dividend payment.

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On the date of record for a dividend, the company "establishes who will receive the dividend payment."

The record date is determined by the board of directors of a company and designates the deadline by which shareholders must be registered on the firm's records to be eligible to earn dividends on their shares. On the ex-dividend day, a stock's price typically decreases by the amount of the announced dividend.However, as it takes T+2 days, or 2 business days, for stocks to be delivered and recorded in corporate shareholders' records, investors who buy shares on the record date will not be eligible to receive dividends.You will still get the dividend if you purchase equities a day or more prior to their ex-dividend date. A stock is said to trade dividend at that point. You won't receive the dividend if you purchase after the ex-dividend date.

Thus the correct answer is D.

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true or false: comparable-worth policies have been readily accepted by all employers in the united states.

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Comparable worth policies have been readily accepted by all employers in the United States - False.

Employer compensation in the United States refers to the cash compensation and benefits that an employee receives in exchange for the service they perform for their employer. Approximately 93% of the working population in the United States are employees earning a salary or wage.

Typically, cash compensation consists of a wage or salary, and may include commissions or bonuses. Benefits consist of retirement plans, health insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc.

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how can a strangle trading strategy be created? group of answer choices buy one call and one put with different strike prices and same expiration date buy two calls and one put with the same strike price and expiration date buy one call and two puts with the same strike price and expiration date buy one call and one put with the same strike price and same expiration date

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Strangle can be created by Buy one call and one put with different strike prices and same expiration date, which means that option A should be the right answer.

A strangle generally focuses on the investors who think an asset will move dramatically but are unsure of the directions. Strangle trading can be profitable both in long term and short term investment, but one must carefully devise back up plans in case of lower profits or low volatile period. Strangle is basically an option in which investors hold a position in a call with a high price rate and puts an option with a low price rate. The strangle is an improvisation over the straddle and gives good returns.

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what are two reasons a firm would choose not to enter a new market on a large scale? (check all that apply.)

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may not have the resources to dedicate to a large-scale project.prefer to enter gradually so they can get to know the market better

What are two advantages to joining a market on a large scale?

The first mover benefits, including demand acquisition, scale economies, and switching costs, are provided by large-scale market entry, which implies quick entry. A smaller entrance allows for a more steady expansion of the company while also limiting exposure to the market and improving market knowledge.

Why are businesses unable to enter a market?

Patent protections, strong brand identity, devoted consumers, and high switching costs are a few common entry-level barrier factors. Special tax benefits for existing businesses are another. New businesses must first seek licenses or regulatory clearance, which is one of the other obstacles.

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identify the five fundamental questions that all economies, whether market or command, must address. (check all that apply.)

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Answer:

1. What goods and services are produced?

2. What is the quantity of goods that should e provided?

3. How should the goods produce?

4. How are the goods distributed in the market?

5. How is the progress or changes initiated into the system?

Explanation:o the system

1. It is important to understand the market trends, and customer demands before finalizing the type of products or goods that are needed to be produced.

2. After getting a clear picture of the targeted market section or respective customer section it is important to be aware of the quantity of the goods that are needed to meet the demand of the customers.

3. It is important to have a clear idea of how our goods are produced which includes the decision of selecting the operations, layout of machinery, employee involvement, and duties.

4. Distribution of goods plays a vital role. the profitability of any business depends on distribution increase in sales can help in earning profits and also improves the chances of sustainability of the business in the market

5. Every business aims to grow. While expanding the business it is important to consider alternatives for implementing changes in the organization and also be prepared to adopt to the changes.

the current market value of a previously purchased machine proposed for use in a project is an example of

Answers

The current market value of a previously purchased machine proposed for use in a project is an example of Opportunity cost.

Truly positioned, a project is a series of obligations that want to be completed to reach a particular outcome. A mission also can be defined as a fixed of inputs and outputs required to reap a particular goal. tasks can range from simple to complicated and may be managed by way of one person or a hundred.

An undertaking is a transient project to supply a new and particular deliverable. A deliverable will be a tangible product, a service or achievement of a required final results. stakeholdermap.com. one of the nice ways to differentiate a project from say operations or commercial enterprise as traditional is to search for a clear start and give up.

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On april 1st, 2022, howard & sons law firm, whose fiscal year-end is september 30th, purchased a building for $1,400,000. The building is expected to remain in service for 50 years, and it will be depreciated using the straight-line method. If the expected salvage value is $800,000, what will be the book value of the building on september 30th, 2033?.

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It will be depreciated using the straight-line method. If the expected salvage value is $800,000. $1,262,000. will be the book value of the building on September 30th, 2033.

Asset cost - salvage value= $600,000 depreciable base. Dividing this result by 50 results in annual depreciation of $12,000. Multiplying the yearly depreciation by 11.5 years results in an accumulated depreciation of $138,000.

In account, book value is the value of an asset according to its balance distance account balance. For means, the value is grounded on the original cost of the asset less any deprecation, amortization, or impairment costs made against the asset.

(1)Traditionally, a company's book value is its total means( explanation demanded) minus impalpable means and arrears.( 2) still, in practice, depending on the source of the computation, book value may perfectly include goodwill, impalpable means, or both.( 3) The value essential in its pool, part of the intellectual capital of a company, is always ignored. When impalpable means and goodwill are explicitly barred, the metric is frequently specified to be" palpable book value".

In the United Kingdom, the term net asset value may relate to the book value of a company.

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A plant heterozygous for yellow seeds is crossed with a plant homozygous for green seeds. Use the punnett square to predict the phenotype of the offspring. 1 2 3 4.

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The offspring ratio for yellow and green seeds will be 1:1. The Punnett Squares are the diagrammatic representations of the phenotype and genotype of the offspring.

What is Punnett Square ?The Punnett square is a square diagram used to predict genotypes of a specific cross or breeding experiment. It is named after Reginald C. Punnett, who invented it in 1905. Biologists use the diagram to calculate the likelihood of an offspring having a specific genotype.Take the heterozygous yellow seeds with genotype Yy. Yellow heterozygous seeds are crossed with purebred green seeds.The purebred green seeds have the genotype yy, and the attachment below shows the cross between heterozygous and purebred parents.The heterozygous yellow and purebred green seeds will produce 50% heterozygous yellow and 50% purebred green offspring.

As a result, the offspring ratio for yellow and green seeds will be 1:1.

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Answer:

1

✔ yellow

2

✔ green

3

✔ yellow

4

✔ green

Explanation:

what is the difference between the ledger approach and the accounts approach to parallel valuation in asset accounting?please choose the correct answer.

Answers

In the accounts technique, as opposed to the ledger approach, you assign a totally different set of accounts for each accounting principle.

The account technique posts to distinct accounts in the same ledger while the ledger approach posts to the same accounts in different ledgers.

Account-based approach is a parallel accounting solution in which the Chart of Accounts is created utilising several accounting concepts. Account logic may serve as the foundation for the account-based approach's architecture.

In conclusion, the account technique posts to distinct accounts in the same ledger while the ledger approach posts to the same accounts in different ledgers.

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abc company has the following authorized stock: common stock: 1.00 par value, 100,000 shares on 1/11/15, abc company issued 10,000 shares of common stock for $5 per share (cash). what is the credit to common stock?

Answers

Following the information provided about the amount that the company common stock is $50,000.

How do you determine the credit to common stock?

Following the formula below, credit to common stock can be deduced. It is worked out below:

Common stock = Shares of common stock × Per share

Where:

Shares of common stock = 10,000 shares

Per share = $5 per share

Let plug in the formula

Common stock = 10,000 × $5

Common stock = $50,000

Therefore, the amount that the company received is $50,000. It can then be said that the common stock is $50,000.

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after harvesting, many entrepreneurs who remain with their firm as an employee experience conflicts. a. cultural b. tactical c. practical d. financial

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After harvesting, many entrepreneurs who remain with their firm as an employee experience conflicts: a. cultural.

What is conflict?

Conflict can be defined as a form of disagreement between two or more people or parties. Conflict brought about conflict resolution which help to settle or resolve the conflict so as to enables peace to reign among the parties that were involve in a conflict.

Many entrepreneur can tend o experience cultural conflict  and this conflict is between the acquiring firms management and the  acquired firm's management. The odd is that people  tend to believe that an entrepreneur will not likely be happy when they are in corporate culture due to the entrepreneur zeal they possess.

Therefore the correct option is A.

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if producers expect lower prices for their goods or services in the future, they will now, which is illustrated by a shift of the supply curve to the .

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If producers expect lower prices for their goods or services in the future, they will increase their supply now, which is illustrated by a shift of the supply curve to the right.

The current supply curve will move to the right if producers anticipate future price decreases.

When producers anticipate lower prices in the future, it indicates a decline in their profitability. Given that prices are higher right now, the producer can increase profits by making and selling more products right now. The supply will increase as a result, and the supply curve will move to the right.

In order to explain how changes in the price of a resource, commodity, or product affect its supply and demand, the law of supply and demand combines two basic economic principles.

While demand declines as the price rises, supply increases. In contrast, as the price falls, supply becomes more limited and demand rises.

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