Business, 18.12.2021 07:10 welathyasf

A Gallup Daily Tracking Survey found that the mean daily discretionary spending by Americans earning over $90,000 per year was $136 per day (USA Today, July 30, 2012). The discretionary spending excluded home purchases, vehicle purchases, and regular monthly bills. Let x = the discretionary spending per day and assume that a uniform probability density function applies with f (x) = .00625 for a ≤ x ≤ b. a. Find the values of a and b for the probability density function.

b. What is the probability that consumers in this group have daily discretionary spending between $100 and $200?

c. What is the probability that consumers in this group have a daily discretionary spending of $150 or more?

d. What is the probability that consumers in this group have a daily discretionary spending of $80 or less?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 02:00, sciencegeekgirl2017

Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations

Answers: 2

continue

Business, 22.06.2019 21:00, sophiateaches053

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.

Answers: 1

continue

Business, 23.06.2019 12:20, kfnldkl1782

Gross output (go) reflects the overall status of the productive side of the economy better than gdp does. a. true b. false

Answers: 2

continue

Business, 23.06.2019 21:30, trujillo03

Zane's vanes is a service that restores old weather vanes. zane has just spent $125 purchasing a 1920s-era weather vane which he expects to restore and sell for $500 once the work is completed. after having spent $125, zane realizes that he will need to spend an additional $200 on materials to complete the restoration. alternatively, he can sell the weather vane without restoring it for $200. what is his marginal benefit if he sells the weather vane without restoring it?

Answers: 2

continue

You know the right answer?

A Gallup Daily Tracking Survey found that the mean daily discretionary spending by Americans earning...