Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

Medco Construction Company builds medical buildings in lower income, urban areas. It is typically assumed that the construction time in days follows a normal distribution. The mean time for construction of a medical building is 100 days, and the variance is 400. Business has picked up for building such facilities as a result of changes in medical insurance requirements. The financial manager of Medco just signed a contract to complete construction on a building in 90 days. Failure to complete the medical facility in the contracted time (90 days) would result in severe penalties however the financial manager knew that Medco needed this contract in order to not go bankrupt.

1. What is the probability that they will not be in violation?

2. What is the probability that the triplex will take among 90 and 100 days?

3. What is the probability that Medco Construction will be in violation of their construction contract?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91227534

Have any Question?


Related Questions in Microeconomics

Questionnbsppeople join tennis clubs for a fixed fee per

Question:  People join tennis clubs for a fixed fee per year, which entitles them to play as much as they want without charge. Because people who pay these fees play more tennis than others (who can use free public court ...

Question suppose the current us-uk exchange rate is 066

Question: Suppose the current U.S.-UK exchange rate is 0.66 pounds (the pound is the UK currency) per dollar, and the aggregate price level is 185 for the U.S. and 134 for the UK. a. What is the real exchange rate? The r ...

Question why does the government create monopoly power via

Question: Why does the government create monopoly power via its patent system, when elsewhere it spends millions trying to prevent the emergence of or regulate monopoly power? The response must be typed, single spaced, m ...

Question suppose two bonds apple inc and samsung

Question: Suppose two bonds (Apple Inc. and Samsung Electronics Co., Lid) are traded in the bond market and Ms. Wilson needs your advice on which one to buy. For the Apple bond, there is a probability of 60% (hat this bo ...

Question after collapse of the brettoh woods system the

Question: After collapse of the Brettoh Woods system, the FLOATING EXCHAGE RATE ERA(floating among major economies or economic blocs) has been in palce. Using a AA-DD diagram . Explain the type of disturbance that would ...

Question two firms share a building guards patrolling the

Question: Two firms share a building. Guards patrolling the building protect both the stores. The jewelrystore's demand curve for guards is strictly greater at all prices than that of the hat store. Themarginal cost of a ...

Question consider the aggregate demand-aggregate supply

Question: Consider the Aggregate Demand-Aggregate Supply framework. Suppose we are not in a liquidity trap (and do not end up in a liquidity trap), and the Fed does NOT target the interest rate. Show what happens if oil ...

Question - you just found out that you have 83886 in a

Question - You just found out that you have $838.86 in a savings account. Your uncle opened the account in your name exactly 6 years ago, and deposited $X in the account. Then he put in another $85 three years after open ...

Question suppose you want to put a dollar value on the

Question: Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you obtain to measure the external [not social] cost? The response must be typ ...

Question trade has income distribution effects for example

Question: Trade has income distribution effects. For example, suppose that because of a government-negotiated reduction in trade barriers, trade between Germany and the Czech Republic increases. Germany sells house paint ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved