Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The Tourist Delivery Program was developed by several European automakers. In this program, a tourist from outside Europe-most are from the United States-may purchase an automobile in Europe and drive it in Europe for as long as six months, after which the manufacturer will ship the car to the tourist's home desti- nation at no additional cost. In addition to the time limitations imposed, some coun- tries impose mileage restrictions so that tourists will not misuse the privileges of the program. In setting the limitation, some countries use a normal distribution assumption. It is believed that the number of kilometers driven by a tourist in the program is normally distributed with mean 4,500 and standard deviation 1,800. If a country wants to set the mileage limit at a point such that 80% of the tourists in the program will want to drive fewer kilometers, what should the limit be?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91676616

Have any Question?


Related Questions in Statistics and Probability

What are the ways that it can help comply with legal

What are the ways that IT can help comply with legal requirements and social responsibilities surrounding the sales of alcohol?

32 of college students say they use credit cards because of

32% of college students say they use credit cards because of the rewards program. You randomly select 10 college students and ask each to name the reason he or she uses credit cards. Find the probability that the number ...

Five percent of the eyeglasses sold at an optical retailer

Five percent of the eyeglasses sold at an optical retailer have tinted lenses. Forty pairs of glasses are sold on a particular day and six have tinted lenses. Identify n, p, and x.

For an environmental group it is known that 75 of their

For an environmental group, it is known that 75% of their door-to-door solicitations result in a donation of some kind. Find the probability that... (Hint: first determine what is a 'success' and what is a 'failure' base ...

Now assume that i am talking about a normally distributed

Now assume that I am talking about a normally distributed set of data: An IQ test. This IQ test has a mean of 100 and a standard deviation of 15. Find the following probabilities What is the probability that someone scor ...

Last year a technology company bought one million in shares

Last year a technology company bought one million in shares of a GM stock at €40 per share and sold it one year later at €50. The spot exchange rate one year ago was $1.40 = €1 and the spot rate prevailing at the end of ...

Shelton inc has the following capital structure its

Shelton Inc has the following capital structure. Its corporate tax rate is 40%. Security Market Value Required Rate of Return Debt $10million 2%Preferred stock  20million  4 Common stock  50million  8  What is its WACC?

Jamie dimon changed the business model for jpmorgan chase

Jamie Dimon changed the business model for JPMorgan Chase in 2008. In the process, the bank gave enormous trading authority to one individual. What are the ERM strengths and weaknesses of this strategy?

A researcher reports that the size of an effect in

A researcher reports that the size of an effect in Population A is d = 0.10 and the effect size in Population B is d = 0.34. Which population is associated with greater power to detect an effect? A) Population A B) Popul ...

The risk-free rate is 20 in the fama-french model the

The risk-free rate is 2.0%. In the Fama-French model, the equity risk premium is 4.0%, the size premium is 2.0%, and the value premium is 2.8%. Glude Corp has a market beta of 1.20, a size beta of -0.30, and a value beta ...

  • 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