A contractor has estimated that the minimum number of days to remodel a bathroom for a client
Question:
A contractor has estimated that the minimum number of days to remodel a bathroom for a client is 10 days. He also estimates that 80% of similar jobs are completed within 18 days. If the remodeling time is uniformly distributed, what should be the parameters of the uniform distribution?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
Contractor Using formul...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business Communication questions
-
Concerned about recent weather-related disasters, fires, and other calamities at universities around the country, university administrators at Tech have initiated several planning projects to...
-
Green Lighting Company produces industrial and residential lighting fixtures at its manufacturing facility located in Scottsdale, Arizona. The company currently ships products to an eastern warehouse...
-
Franzl is a contract engineer working for a division of a large construction company. He is responsible for the negotiation of contract prices and the subsequent collection of installment monies from...
-
A teacher has just given an algebra exam. What are some of the statistics she could compute?
-
How does herd immunity protect the nonimmune members of the population from acquiring a disease? Will herd immunity work for diseases that have a common source, such as water? Why or why not?
-
Panda Manufacturing (PM) is a division of Worldwide Communications, Inc. PM produces pagers and other personal communication devices. These devices are sold to other Worldwide divisions, as well as...
-
Explain why corporate bonds always trade at higher yields than Treasury bonds and why BBB-rated bonds always trade at higher yields than AA-rated bonds.\ AppendixLO1
-
An investigator wants to take an unequal-probability sample of 10 of the 25 psus in the population listed below and in file exercise0602.dat, and wishes to sample units with replacement. a. Adapt the...
-
Although it normally involves much longer-term commitments, franchising is essentially the service industry version of: Multiple Cholce business system transfer \\( \\mathrm{FDI} \\) exporting...
-
Part 1: Hypothetical Tax Code 1 Consider a simplified version of the real tax code. Assume that the tax rate on all taxable income is 15% and the standard deduction ($6,350) and personal exemption...
-
The time required to play a game of Battleship is uniformly distributed between 15 and 60 minutes. a. Find the expected value and variance of the time to complete the game. b. What is the...
-
The distribution of the SAT scores in math for an in-coming class of business students has a mean of 590 and standard deviation of 22. Assume that the scores are normally distributed. a. Find the...
-
List the eight components for describing and analysing internal control systems based on COSOs Enterprise Risk Management - Integrated Framework. LO1.
-
Companies that invest heavily in eco-friendly initiatives, such as transitioning to renewable energy sources or implementing carbon offset programs, may initially face increased operational costs....
-
Answer each question individually please. 14-13 What are the advantages and drawbacks of universities using social media to communicate with various stakeholdersstudents, potential students, alumni,...
-
act as a consultant hired by the operations director of the Barry Computer Company provide a financial analysis and comparison to the industry. You will conduct a financial ratio analysis to gain a...
-
Building a sense of community is not just a moral thing to do, but also a pragmatic one. In today's competitive and ever-evolving business environment, the organizations that can attract the most...
-
Watch https://youtu.be/U3MtvvNjUR4 What do you think of Dr. Saint's ideas about barriers to change? What do you think about social learning? Could this tool be used to make real change? How can the...
-
The following are the financial statements of Persona Ltd for last year and this year: Turnover Income statement for the year ended 31 December Last year 000 Cost of sales Gross profit Operating...
-
The Cholesterol Level data sets give cholesterol levels of heart attack patients. Cholesterol measures are taken 2, 4, and 14 days aft er a patient has suffered a heart attack. Is there a significant...
-
The data that were plotted in the previous example can be found in the dataset "correlationcoefficient1" (https://openstax.org/r/Chapter8 Data-Sets). All of them share the same values for the...
-
The MPS for product A calls for 100 units to be completed in week 4 and 200 units in week 7 (the lead time is 1 week). Spare part demand for Item B is 10 units per week. The bill of materials for...
-
The MPS for product A calls for 100 units to be completed in week 4 and 200 units in week 7 (the lead time is 1 week). Spare part demand for Item B is 10 units per week. The bill of materials for...
-
Garden Manufacturing is a small, family-owned garden tool manufacturer located in Florence, South Carolina. The bills of materials for models A and B of a popular garden tool are shown in Exhibit...
-
Question 24 Not yet answered Marked out of 1.00 P Flag question Muscat LLC's current assets and current liabilities are OMR 258,000 and OMR 192,000, respectively. In the year 2020, the company earned...
-
Question 24 Miami Company sold merchandise for which it received $710,400, including sales and excise taxes. All of the firms sales are subject to a 6% sales tax but only 50% of sales are subject to...
-
f the IRS intends to close a Taxpayer Assistance Center, they must notify the public at least _____ days in advance of the closure date. 14 30 60 90
Study smarter with the SolutionInn App