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4. Suppose a factory produces both batches of hammers and screwdrivers. The company produces hammers in...
Suppose a company produces it product in batches of 50 units. The cost of producing the...
Suppose a company produces it product in batches of 50 units. The cost of producing the product is: Batch 1: $10/unit Batch 2: $12/unit Batch 3: $14/unit Batch 4: $16/unit. The company receives orders totaling 120 units after producing its 4th batch. How much will this company report for its Cost of Goods Sold if it uses the LIFO inventory costing method? Enter your answer as a whole numbers with no commas and no dollar sign.
Suppose a company produces it product in batches of 50 units. The cost of producing the...
Suppose a company produces it product in batches of 50 units. The cost of producing the product is: Batch 1: $10/unit Batch 2: $12/unit Batch 3: $14/unit Batch 4: $16/unit. The company receives orders totaling 120 units after producing its 4th batch. How much will this company report for its Cost of Goods Sold if it uses the FIFO inventory costing method? Enter your answer as a whole numbers with no commas and no dollar sign.
14. Suppose two cards are drawn at random from a 52-card deck of playing cards without...
14. Suppose two cards are drawn at random from a 52-card deck of playing cards without replacement. What is the probability the second card is an ace given that the first card is a king (6) 15. Suppose the snake bite fatality rate in India is o.15. If two people in India are bitten by a snake and selected at random, (A) a) What is the probability both people will die? b) What is the probability that exactly person will...
1. Customers who are registered on a corporate web site are summarized by the type of...
1. Customers who are registered on a corporate web site are summarized by the type of shipping contract they use and the number of orders in the previous month. The number of customers in each category are shown in the following table. Shipping Contract No orders One order More than one order 40 Total Express 25 65 Standard 15 45 20 80 Total 40 110 60 210 130 (a) If customers are selected at random without replacement, how many unique...
1. Suppose I work on a factory line doing quality control work. Since I’ve been working...
1. Suppose I work on a factory line doing quality control work. Since I’ve been working here for such a long time, I am fairly confident that 15% of all items (independent of all other items) need to be sent back to be re-worked. These items take a fairly long time to check properly, but it is the same set of steps every time, so I always check 25 items every shift. Let X be the number of items sent...
1. Customers who are registered on a corporate web site are summarized by the type of...
1. Customers who are registered on a corporate web site are summarized by the type of shipping contract they use and the number of orders in the previous month. The number of customers in each category are shown in the following table Shipping Contract No orders One order More than one order 40 Total Express 25 65 Standard 15 45 20 80 40 110 60 210 130 (a) If customers are selected at random without replacement, how many unique samples...
Problem 6. (Binomial distribution) A company produces light bulbs. Each bulb is checked before it leaves...
Problem 6. (Binomial distribution) A company produces light bulbs. Each bulb is checked before it leaves the company. The trans port damages 5% of the bulbs though. Assume you have bought 10 bulbs a) What is the probability that no bulb is damaged? b) What is the probability that exactly one bulb is damaged? c) What is the probability that at most two bulbs are damaged? d) What is the probability that at least two bulbs are damaged? Problem 7....
1. Daily production produces 50,000 balloons. It is known that theproduction process produces 0.004% defective balloons...
1. Daily production produces 50,000 balloons. It is known that theproduction process produces 0.004% defective balloons (i.e., the probability that a randomly selected balloon is defective is 0.00004). Whether one balloon is defective or not is independent of all other balloons. From one day’s production, estimate the chance of producing at least 3 defective balloons. 2. A shipment contains 100 I-Pods, 8 of which are defective. I sample 4I-Pods from the shipment of 100 I-Pods at random. Estimate the chance of...
please show work.. Suppose there are 4 defective items in a lot (collection) of 60 items....
please show work..
Suppose there are 4 defective items in a lot (collection) of 60 items. A sample of size 15 is taken at random and without replacement. Let X denote the number of defective items in the sample. Construct the probability table and graph the probability mass function. In the sample, at least one defective item is detected. What is the probability that at most two defective items are found?
16 parts are examined for defects. It is found that 10 are good, 4 have minor...
16 parts are examined for defects. It is found that 10 are good, 4 have minor defects, and 2 have mathat is, the first part chosen is not e will be only 15 posible defects. Two parts are chosen at random from the 16 without replacement, that is, the first part chosen is not returned to the mix before the second part is chosen. Notice, then, that there will be only 15 possible choices for the second part a) What...
14. Suppose two cards are drawn at random from a 52-card deck of playing cards without replacement. What is the probability the second card is an ace given that the first card is a king (6) 15. Suppose the snake bite fatality rate in India is o.15. If two people in India are bitten by a snake and selected at random, (A) a) What is the probability both people will die? b) What is the probability that exactly person will...
1. Customers who are registered on a corporate web site are summarized by the type of shipping contract they use and the number of orders in the previous month. The number of customers in each category are shown in the following table. Shipping Contract No orders One order More than one order 40 Total Express 25 65 Standard 15 45 20 80 Total 40 110 60 210 130 (a) If customers are selected at random without replacement, how many unique...
1. Customers who are registered on a corporate web site are summarized by the type of shipping contract they use and the number of orders in the previous month. The number of customers in each category are shown in the following table Shipping Contract No orders One order More than one order 40 Total Express 25 65 Standard 15 45 20 80 40 110 60 210 130 (a) If customers are selected at random without replacement, how many unique samples...
Problem 6. (Binomial distribution) A company produces light bulbs. Each bulb is checked before it leaves the company. The trans port damages 5% of the bulbs though. Assume you have bought 10 bulbs a) What is the probability that no bulb is damaged? b) What is the probability that exactly one bulb is damaged? c) What is the probability that at most two bulbs are damaged? d) What is the probability that at least two bulbs are damaged? Problem 7....
please show work..
Suppose there are 4 defective items in a lot (collection) of 60 items. A sample of size 15 is taken at random and without replacement. Let X denote the number of defective items in the sample. Construct the probability table and graph the probability mass function. In the sample, at least one defective item is detected. What is the probability that at most two defective items are found?
16 parts are examined for defects. It is found that 10 are good, 4 have minor defects, and 2 have mathat is, the first part chosen is not e will be only 15 posible defects. Two parts are chosen at random from the 16 without replacement, that is, the first part chosen is not returned to the mix before the second part is chosen. Notice, then, that there will be only 15 possible choices for the second part a) What...
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