Weekly postage expenses for your company have a mean of 312, Ask an Expert

Finance

Weekly postage expenses for your company have a mean of $312 and astandard deviation of $58. Your company has allowed $400 for postage per week inits budget.

(a) What is the approximate probability that the average weekly postage expense for the past 52 weeks will exceed the budgeted amount of $400?

(b) What information would you need to determine the probability that postage forone particular week will exceed $400? Why wasn't this information required for(a)?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91695994

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Franks is looking at a new sausage system with an installed

Franks is looking at a new sausage system with an installed cost of $375,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage system can be scrapped ...

Matt johnson delivers newspapers and is putting away 50 at

Matt Johnson delivers newspapers and is putting away ?$50 at the end of each quarter from his paper route collections. Matt is 9 years old and will use the money when he goes to college in 9 years. What will be the value ...

What is the price of a 1000 par value bond with an 8 coupon

What is the price of a $1,000 par value bond with an 8% coupon rate paid semiannually, if the bond is priced to yield 4% and it has 15 years to maturity?

The required rate of return on a certain bond changes from

The required rate of return on a certain bond changes from 12 percent to 8 percent, causing the price of the bond to change from $900 to $1,100. Determine the bond's price elasticity.

Have the federal governments policies on drugs and

Have the federal government's policies on "drugs" and "narcotics" been successful?

Question - beaver company is investigating the purchase of

Question - Beaver Company is investigating the purchase of a new threading machine that costs $18,000. The machine would save about $4,000 per year and would have a salvage value of $3,000 in 6 years when the machine wou ...

Corporate finance assignment -question 1 a assume that you

Corporate Finance Assignment - Question 1: a) Assume that you will deposit $4000 at the end of each of the next three years in a St. George bank account paying 8% interest. You currently have $7000 in the account. How mu ...

What is a budget variance analysis and why is this type of

What is a budget variance analysis and Why is this type of analysis key to determining the strengths and weaknesses of a business?

Could you please explain this question for me pretty

Could you please explain this question for me? Pretty struggle with it right now. "The biggest four banks in Australia are too big to fail. With reference to financial system stability, critique this statement."

What is the amount of the excess of the original sales

What is the amount of the excess of the original sales price of common stock over its par value called? Retained Earnings Common Stock Additional paid-in-capital Preferred stock Common equity

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

Recent Questions

Ask Basic Finance Expert