Find probability of three car entering garage in given hour
Suppose a garage has 2 gates one with Poisson distribution of 3 cars/hour and the other gate 4 cars/hour. What is the probability of 3 car entering the garage in a given hour?
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Refer to Fireworks City. During the year, the company sold some equipment that had an original cost of $60,000. Which statement is true concerning transactions that must have occurred during the period?
Flag Financial uses straight-line depreciation for its equipment with an estimated useful life of 10 years and zero residual value. The CEO points out that the equipment will last much shorter than 10 years, perhaps 5 years.
A sample of 100 customers of Montana Gas and Electric resulted in the following frequency distribution of monthly charges.
If the $2,000 cost is entirely fixed, how much must each passenger be charged for the toll process to break even? How much must each passenger be charged for the toll process to make a profit of $250 per day?
A particular test for the presence of steroids is to be used after a professional track meet. If steroids are present, the test will accurately indicate this 95% of the time. However, if steroids are not present
FUN Inc. has a fully automated production facility in which almost 97 percent of averhead costs are driven by machine hours. As the company's cost accountant, you have computed the following overhead variances for May.
Using a 12% discount rate, compute the net present value of each of the three investments. (Negative amounts should be indicated by a minus sign.
Find the probability that among 8 randomly selected graduates, at least one finds a job in his or her chosen field within a year of graduating.
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