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The manager of the commercial manage department of a large bank has collected data during the...
The manager of the commercial mortgage department of a large bank has collected data during the...
The manager of the commercial mortgage department of a large bank has collected data during the past two years concerning the number of commercial mortgages approved per week. The results from these two years (104 weeks) are shown below. Number_Approved Frequency 0 12 1 26 2 34 3 16 4 8 5 6 6 1 7 1 Compute the expected number of mortgages approved per week. (Round to three decimal places as needed.) Compute the standard deviation. (Round to three...
The manager of the commercial mortgage department of a large bank has collected data during the...
The manager of the commercial mortgage department of a large bank has collected data during the past two years concerning the number of commercial mortgages approved per week. The results from these two years (107 weeks) are shown to the right. a. Compute the expected number of mortgages approved per week. b. Compute the standard deviation. Number_Approved Frequency 0 14 1 26 2 31 3 17 4 8 5 6 6 1 7 1
The home appliance department of a large department of store is using the re-order point inventory...
The home appliance department of a large department of store is using the re-order point inventory management system to control the replenishment of a particular model of CD players. The store sells an average of 10 CD players each week. Weekly demand follows a normal distribution with variance 6. Replenishment lead time is 7 weeks. What is the standard deviation of the demand during lead time? Note: Recall from statistics (1) that standard deviation is equal to the square root...
The manager of a crew that installs carpeting has tracked the crew's output over the past...
The manager of a crew that installs carpeting has tracked the crew's output over the past several weeks, obtaining these figures: Week Yards Installed 100 75 105 55 a. Compute the labor productivity for each of the weeks. (Round your answers to 2 decimal places.) Labor productivity (Yards/Person) Week rew size b. Which crew size works best? A crew of seems to work best.
QUESTION 13 A bank branch located in a commercial area has the business goal of developing...
QUESTION 13 A bank branch located in a commercial area has the business goal of developing an improved process for serving customers during the noon-to-1:00 P.M. lunch period. The waiting time, in minutes, collected from a sample of 15 customers during this hour, are shown below: 1.8 2.8 3.1 3.5 3.7 4.6 4.9 5.6 1.5 a Compute the mean and median. (2 points) b. Compute standard deviation and the coefficient of variation. Round your answers to two decimal places. (2...
Blossom Corp. has collected the following data concerning its maintenance costs for the past 6 months....
Blossom Corp. has collected the following data concerning its
maintenance costs for the past 6 months.
Units Produced
Total Cost
July
18,020
$41,545
August
32,032
48,048
September
36,036
55,055
October
22,022
42,358
November
40,040
74,575
December
38,038
62,062
Compute the variable cost per unit using the high-low method.
(Round answer to 2 decimal places, e.g.
2.25.)
Variable cost per unit
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Bridgeport Corp. has collected the following data concerning its maintenance costs for the past 6 months....
Bridgeport Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 17,000 $38,950 August 34,000 61,300 September 38,000 69,500 October 22,000 44,200 November 40,000 86,100 December 38,000 82,000 Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per unit $ e Textbook and Media Compute the fixed cost elements using the high-low method. Fixed costs $
Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months....
Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Total Cost July August September October Units Produced 21,546 38,304 43,092 26,334 47,880 45,486 $43,092 57,456 65,835 45,486 89,176 74,214 November December Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per units LINK TO TEXT INTERACTIVE TUTORIAL Compute the fixed cost elements using the high-low method. Fixed costs
Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months....
Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Total Cost Produced 21,546 $43,092 July August 38,304 57,456 September 43,092 65,835 October 26,334 45,486 November 47,880 89,176 45,486 December 74,214 Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per unit LINK TO TEXT INTERACTIVE TUTORIAL Compute the fixed cost elements using the high-low method. Fixed costs
A department store manager has monitored the number of complaints received per week about poor service....
A department store manager has monitored the number of complaints received per week about poor service. The probabilities for numbers of complaints in a week, established by this review, are shown in the table. Number of complaints 0 1 2 3 4 5 Probability 0.16 0.26 0.35 0.10 0.08 0.05 What is the probability of between 3 and 5 (inclusive) complaints received per week? Please specify your answer in decimal terms and round your answer to the nearest hundredth (e.g.,...
The manager of a crew that installs carpeting has tracked the crew's output over the past several weeks, obtaining these figures: Week Yards Installed 100 75 105 55 a. Compute the labor productivity for each of the weeks. (Round your answers to 2 decimal places.) Labor productivity (Yards/Person) Week rew size b. Which crew size works best? A crew of seems to work best.
QUESTION 13 A bank branch located in a commercial area has the business goal of developing an improved process for serving customers during the noon-to-1:00 P.M. lunch period. The waiting time, in minutes, collected from a sample of 15 customers during this hour, are shown below: 1.8 2.8 3.1 3.5 3.7 4.6 4.9 5.6 1.5 a Compute the mean and median. (2 points) b. Compute standard deviation and the coefficient of variation. Round your answers to two decimal places. (2...
Blossom Corp. has collected the following data concerning its
maintenance costs for the past 6 months.
Units Produced
Total Cost
July
18,020
$41,545
August
32,032
48,048
September
36,036
55,055
October
22,022
42,358
November
40,040
74,575
December
38,038
62,062
Compute the variable cost per unit using the high-low method.
(Round answer to 2 decimal places, e.g.
2.25.)
Variable cost per unit
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Bridgeport Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 17,000 $38,950 August 34,000 61,300 September 38,000 69,500 October 22,000 44,200 November 40,000 86,100 December 38,000 82,000 Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per unit $ e Textbook and Media Compute the fixed cost elements using the high-low method. Fixed costs $
Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Total Cost July August September October Units Produced 21,546 38,304 43,092 26,334 47,880 45,486 $43,092 57,456 65,835 45,486 89,176 74,214 November December Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per units LINK TO TEXT INTERACTIVE TUTORIAL Compute the fixed cost elements using the high-low method. Fixed costs
Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Total Cost Produced 21,546 $43,092 July August 38,304 57,456 September 43,092 65,835 October 26,334 45,486 November 47,880 89,176 45,486 December 74,214 Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per unit LINK TO TEXT INTERACTIVE TUTORIAL Compute the fixed cost elements using the high-low method. Fixed costs
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