According to the U. S. Department of Labor, the average American household spends $639 on household supplies per year. Suppose annual expenditures on household supplies per household are uniformly distributed between the values of $261 and $1,017. (a) What is the standard deviation of this distribution? (b) What is the height of this distribution? (c) What proportion of households spend more than $900 per year on household supplies? (d) What proportion of households spend more than $1,220 per year on household supplies? (e) What proportion of households spend between $330 and $510 on household supplies?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “According to the U. S. Department of Labor, the average American household spends $639 on household supplies per year. Suppose annual ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Ed Sloan bought a new Explorer for $22,000. He put down $7,000 and paid $290 for 60 months. The total finance charge to Ed is:
Answers (1)
The market demand curve for a normal good will shift to the left (decrease ) when the price of a substitute good ▼ increases decreases , the price of a complementary good ▼ decreases increases , consumer income ▼ increases decreases , and population
Answers (1)
Partnerships in which only one person takes responsibility and the rest of the partners provide only money is called A. general partnership. B. limited partnership. C. limited liability partnership. D. liability partnership.
Answers (1)
Ariel holds a $5,000 portfolio that consists of four stocks. Her investment in each stock, as well as each stockâs beta, is listed in the following table: Stock Investment Beta Standard Deviation Andalusian Limited (AL) $1,750 0.90 18.
Answers (1)
Entries for notes payable Bull City Industries is considering issuing a $100,000, 7% note to a creditor on account. Assume a 360-day year. a. If the note is issued with a 45-day term, journalize the entries to record: 1. the issuance of the note. 2.
Answers (1)
New Questions in Business
The management of Woznick Corporation has been concerned for some time with the financial performance of its product V86O and has considered discontinuing it on several occasions. Data from the company's accounting system appear below: Sales ...
Answers (1)
Label the following scenarios as examples of elastic, inelastic, or unit elastic demand. a. When Ruko, a device used to stream movies at home, increases prices by 57% total revenue decreases by 67%. b.
Answers (1)
You are trying to choose between purchasing one of two machines for a factory. Machine A costs $15,500 to purchase and has a three-year life. Machine B costs $17,400 to purchase but has a four-year life.
Answers (1)
During the year, Next Tec Corp. had the following cash flows: receipt from customers, $20,000; receipt from the bank for long-term borrowing, $6,400; payment to suppliers, $5,600; payment of dividends, $2,000, payment to workers, $2,500;
Answers (2)
A PBX is a telephone switching exchange that serves a single organization, enabling users to share a certain number of outside lines (trunk lines) to make telephone calls to people outside the organization. True or False?
Answers (1)