Marcus receives an inheritance of $10,000. He decides to invest this money in a 10-year certificate of deposit (CD) that pays 6.0% interest compounded monthly. How much money will Marcus receive when he redeems the CD at the end of the 10 years? Marcus will receive $ (Round to the nearest cent.)

Answers

Answer 1

When Marcus redeems the CD after 10 years, he will earn about $18,193.97.

We can use the compound interest formula to determine how much Marcus will get when he redeems the CD after ten years:

A = P(1 + r/n)nt

Where: n is the number of times interest is compounded annually; r is the yearly interest rate (in decimal form); and t is the number of years, A is the total amount, including interest; P is the principal amount (original investment).

Marcus will invest $10,000 for a period of ten years (t = 10) with an interest rate of 6.0% (or 0.06 in decimal form) each year, compounded monthly (n = 12), and a principal amount of $10,000.

As a result of entering these values into the formula, we obtain:

A = $10,000(1 + 0.06/12)^(12*10)

By doing the maths, we discover:

A ≈ $18,193.97

Therefore, when Marcus redeems the CD after 10 years, he will earn about $18,193.97.

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Related Questions

Identify the sampling technique used in the given scenario. A local polling center collects data from voters by interviewing the first 50 people to exit the polling station after voting
a. Random b. Stratified
c. Cluster d. Systematic e. Convenience

Answers

The Sampling technique used in the given scenario is random sampling technique.

What is random sampling?

There are four main types of this sampling method:

Simple Random SamplingSystematic SamplingStratified SamplingClustered Sampling

In the sampling method known as random sampling, each sample has an equal chance of being chosen. The purpose of a randomly chosen sample is to fairly represent the total population. for example-A straightforward random sample might be 25 names chosen at random from a pool of 250 employees. Since every employee has same chance of being chosen, the sample in this case is random and the population in this case is all 250 employees.

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Calculate the single-sided upper bounded 95% confidence interval for the population mean (mu) given that a sample of size n-15 yields a sample mean of 14.25 and a sample standard deviation of 0.76. Yo

Answers

Answer : The single-sided upper bounded 95% confidence interval for the population mean (μ) is [14.25, 14.61].

Explanation :

To calculate the single-sided upper bounded 95% confidence interval for the population mean (μ), given that a sample of size n=15 yields a sample mean of 14.25 and a sample standard deviation of 0.76, we will need to use the formula below:

Single-sided upper bounded 95% confidence interval= Sample mean + (t-value × standard error of mean)

Where t-value = 1.761 (from t-distribution table for n=15 at 95% confidence level, one-tailed test)

Standard error of mean = (sample standard deviation / √n)

Now we can plug in the values and solve for the single-sided upper bounded 95% confidence interval:

Standard error of mean = (0.76 / √15) = 0.196

Sample mean + (t-value × standard error of mean)= 14.25 + (1.761 × 0.196)= 14.61

Therefore, the single-sided upper bounded 95% confidence interval for the population mean (μ) is [14.25, 14.61].

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add 31g+22 and -13g+17

Answers

The answer is 18g+39

solve this equation graphically using table 5m-2n=4,m-4n=-1​

Answers

Answer:

m = 1; n = 0.5

Step-by-step explanation:

5m - 2n = 4; m - 4n = - 1

please help meeeee:(((

please help meeeee:(((

Answers

Answer:

d................. I'm not so sute

explain how we can use the eigenvalue decomposition to define the square root of a diagonalizable matrix.

Answers

It appears to be a constant connection that the square matrix has n eigenvalues, where n is the dimensions (not dimensions as in Rank, but as in # of Column values) of the square matrix.

similar to: a 3x3 matrix square, which has 3 Eigenvalues and only permits eigenvalue decomposition in the event that the matrix is diagonasible.

I think it has to do with how mirror-reflective and inverse the dimensional features of the Matrix can be, and how its linear structure is strong enough to support a dimensional cube.

When it comes to interaction, eigenvalue decomposition can be used to systematically eliminate it.

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the width is to be 16 feet less than 3 times the height. find the width and the height if the carpenter expects to use 34 feet of lumber to make it.

Answers

The computation is that the width is 21.5 feet and the height is 12.5.

How to compute the value?

Let the height = h

Let the width = (3 × h) - 16 = 3h - 16

Therefore, the dimensions will be:

h + 3h - 16 = 34

4h = 34 + 16

4h = 50

Divide

h = 50/4

h = 12.5

Therefore width = 3h - 16 = 3(12.5) - 16

= 37.5 - 16

= 21.5

The width is 21.5 feet and the height is 12.5.

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A start-up company is about to market a new computer printer. It decides to gamble by running commercials during the Super Bowl. The company hopes that name recognition will be worththe high cost of the ads. The goal of the company is that over 40% of the public recognize its brand name and associate it with computer equipment. The day after the game, a pollster contacts 420 randomly chosen adults and finds that 181 of them know thatthis company manufactures printers. Would you recommend that the company continue to advertise during Super Bowls

Answers

There is not sufficient evidence to support the claim that over 40% of the public recognize its brand name and associate it with computer equipment thus the company should not continue to advertise during the Super Bowls. So No. Hope I helped have a good day !

Reject the null hypothesis and come to the conclusion that there is enough evidence to imply that the percentage of adults who are familiar with the company's name is much more than 40%.

What is the null hypothesis?

In order to evaluate whether the percentage of individuals who recognize the company's brand name differs considerably from the company's target of 40%, we must conduct a hypothesis test.

Let p represent the percentage of adults who can name the company's brand. The corporation hopes that more than 40% of adults will recognize its brand name, hence the alternative hypothesis is that p > 0.4.

A one-sample z-test can be used to examine this claim. The test statistic is determined as follows:

\(z = \dfrac{(p' - p)} { \sqrt{\dfrac{(p (1 - p)} { n}}}\)

Where p is the null hypothesis value, n is the sample size, and p is the sample proportion.

In this instance, n = 420, p = 0.4, and p' = 181/420 = 0.431. With these values entered into the formula, we obtain:

\(z = \dfrac{(0.431 - 0.4)} { \sqrt{(0.4 \times \dfrac{0.6} { 420} }}= 1.65\)

The likelihood of obtaining a z-value of 1.65 or higher is 0.0495 using a basic normal distribution table or calculator (assuming the null hypothesis is true). This is the test's p-value.

When the p-value is less than 0.05, which is considered to be significant (and corresponds to a 95% confidence level), we

Hence, based on this sample of 420 adults, we would advise the company to keep running Super Bowl advertisements as it seems to be succeeding in raising brand recognition among the general public.

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write x≤58 in interval notation.

Answers

The x ≤ 58 in interval notation = (-∞, 58]

In this question, we have been given an inequality  x ≤ 58

We need to write given inequality in interval notation form.

We know that, an interval notation a way to describe a subset of real numbers by the numbers that bound them.

If we draw given inequality on the number line, then it would be as shown below.

x ≤ 58 represents that, x takes all values which are less than or equal to 58.

So, the interval notation would be (-∞, 58]

Therefore, the x ≤ 58 in interval notation = (-∞, 58]

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write x58 in interval notation.

describe what a plot of vs. n would look like, with no predators. at what values does the curve intercept the and/or n axes?

Answers

The curve depicts the relationship between population growth rate and size, and it demonstrates how the rate of population increase decreases as the population gets closer to its carrying capacity.

A sigmoidal (S-shaped) curve would appear on a plot of dN/Ndt vs. N in the absence of predators. The curve would begin steeply, grow gradually until it reached its maximum, then level out once more as it got closer to the asymptote.

The curve's intersection with the dN/Ndt axis would be at zero. This is due to the fact that in the absence of predators, the rate of change in population size over time (dN/dt) is zero because no factor influences the population's growth or decline.

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You pick a card at random. 4 5 6 7 What is P(less than 7)? Write your answer as a percentage

Answers

The probability P(less than 7)  is 3/4.

What is Probability?

It is a branch of mathematics that deals with the occurrence of a random event.

For the given situation,

The cards are numbered as s = {4,5,6,7}

n(s)=4

The event is probability of picking the cards less than 7

Cards less than 7,

e=4, 5, 6

n(e)=3

Probability of picking the card is given by p(e)=n(e)/n(s)

p(less than 7)=3/4

Hence, the probability P(less than 7)  is 3/4.

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How do I slove Solving Systems Using Matrices in word form like this please help I'm almost don't for the night >_< ;-; :( o-o

How do I slove Solving Systems Using Matrices in word form like this please help I'm almost don't for

Answers

Answer:

Below!

Step-by-step explanation:

How do I slove Solving Systems Using Matrices in word form like this please help I'm almost don't for

1/3×6 1/2. Distributive Property

Answers

Answer:

Step-by-step explanation:

You could do it like this (if you insist the distributive property should be used).

1/3 * (6 + 1/2)          Remove the brackets

1/3 * 6 + 1/2*1/3      Combine

2 + 1/6                    Change fraction to a decimal

2 + 0.1667              Combine

2.1667

In what ways are inequalities like equations ?

Answers

Answer:

Step-by-step explanation:

Inequalities and equations are alike in that they both involve two sides of a sign (whether it is an equal sign or an inequality sign) being compared. For example, both y = x + 2 and y > x + 2 are just ways of comparing the values of x and y.

Frank said that 8*10^4 is 320 do you agree or disagree

Answers

Answer:

I disagree with Frank

Answer:

Disagree

Step-by-step explanation:

Remember to follow the order of PEMDAS.

PEMDAS =

Parenthesis

Exponents (& Roots)

Multiplication

Division

Addition

Subtraction.

In this case, the first step should be to solve for \(10^{4}\).

\(10^4 = 10 * 10 * 10 * 10 = 10,000\)

Next, multiply by 8:

\(10,000 * 8 = 80,000\)

80,000 is your answer, so I disagree.

~

Spontaneous dental hydroplosion is a disease makes your teeth spontaneously turn into liquid. To investigate whether a new drug can prevent the onset of this disease, Jim Halpert decided to perform a study in which half of the fourteen employees at Dunder Mifflin Scranton received the drug and the other half received a placebo. Neither Jim nor the employees were told who received which treatment, and the number of times a subjectâs teeth turned into liquid was recorded. This is an example of (A) A double-blind experiment. (B) A matched-paired experiment. (C) An experiment, but neither double-blind or matched-pair. (D) An observational study. In order to make thorough conclusions, the most important condition for statistical inference is usually that (A) the population distribution follows a Normal distribution exactly. (B) the data does not contain outliers. (C) the data follows the asymmetric, single-peaked distribution. (D) the data can be treated as a random sample from the population of interest. A study was taken at the large senior living retirement community, The Senior Living Community, found that the average age of residents is 73 years with a standard deviation of 6.1 years. A simple random sample of 100 residents is selected and the sample mean age !Ì("x-bar") of these residents is calculated. you know that the random variable X has approximately a normal distribution because of (A) the central limit theorem. (B) the 68-95-99.7 rule. (C) the population that youâve sampled from does not have a Normal distribution. (D) the law of large numbers.

Answers

For the study for investing the result of drugs in a particular diseases,

(1)This is an example of double blind experiment. So,correct option is option A

(2) The Correct option is option (C) i.e. the data can be treated as a random sample from the population of interest.

(3) The random variable X has approximately a normal distribution because of Central Limit Theorem i.e the Correct option is option (A).

Here , Spontaneous hydrostatic collapse is a disease in which teeth spontaneously turn into fluid. Jim Halpert decided to perform a study to find out if new drugs can prevent the development of this disease.

1. Since, neither researcher nor the employees were told who received which treatment, this is an example of a double-blind experiment.

2. In order to make thorough conclusions, the most important condition for statistical inference is usually that data can be treated as a random sample from the population of interest.

3. The sample mean age, X-bar of these residents has approximately a normal distribution because of the central limit theorem. Hence, we get all required answers for asking questions.

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anova df ss ms f regression 1 12,323.60 12,323.60 90.0481 residual 8 1,154.802 136.8550 total 9 13,478.4 what is the correlation coefficient?

Answers

The correlation coefficient is 0.9541. This can be determined from the information provided in the ANOVA table, specifically the regression sum of squares (SSR) and the total sum of squares (SST).

The correlation coefficient, also known as the Pearson correlation coefficient, is a measure of the strength and direction of the linear relationship between two variables. It ranges from -1 to 1, where values closer to -1 or 1 indicate a stronger relationship, and values closer to 0 indicate a weaker relationship.

To calculate the correlation coefficient, we can use the formula:

r = sqrt(SSR/SST)

From the ANOVA table provided, we can see that SSR = 12,323.64 and SST = 13,538.4. Plugging these values into the formula gives:

r = sqrt(12,323.64/13,538.4) = 0.9541

Therefore, the correlation coefficient for this model is 0.9541, indicating a strong positive linear relationship between the independent variable and the dependent variable

Complete Question:

Using the following information. Coefficients -12.8094 Intercept Independent variable 2.1794 ANOVA df SS MS F 1 90.0481 Regression Residual Total 12,323.64 1,214.762 13,538.4 12,323.64 136.8550 8 1° 9 What is the correlation coefficient? Multiple Choice 0.9103 0.9541 -0.9541

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True or False: Statisticians can never be 100% sure that statistical outcomes in a sample perfectly match the
actual parameters in the population.

Answers

True. Statisticians can never be 100% sure that statistical outcomes in a sample perfectly match the actual parameters in the population.

This is because statistical inference is based on sampling, which involves drawing conclusions about a population based on a subset of data. There is always a degree of uncertainty or sampling error associated with estimating population parameters from a sample.

Statistical inference relies on making probabilistic statements and constructing confidence intervals or hypothesis tests to quantify the level of uncertainty. While statisticians strive to minimize bias and variability in their estimates, there is always a margin of error involved. Factors such as sampling variability, measurement errors, and the inherent randomness of data contribute to this uncertainty.

Therefore, statisticians acknowledge that their conclusions are based on probability and inference rather than absolute certainty. They provide measures of confidence or significance to communicate the level of uncertainty associated with their findings.

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Simplify this expression.
–6w + (–8.3) + 1.5+ (–7w)

Answers

The simplified form of the expression -6w + (–8.3) + 1.5+ (–7w) is -13w - 6.8.

What is the simplified form of the expression?

Given the expression in the question;

-6w + (–8.3) + 1.5+ (–7w)

To simplify, first remove the parenthesis

Note that;

- × + = -- × - = ++ × + = +

-6w + × - 8.3 + 1.5 + × - 7w

-6w - 8.3 + 1.5 - 7w

Next collect and add like terms

-6w - 7w - 8.3 + 1.5

Add -6w and -7w

-13w - 8.3 + 1.5

Add -8.3 and 1.5

-13w - 6.8

Therefore, -13w - 6.8 is the simplified form.

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according to the book of odds, the probability that a randomly selected u.s. adult usually eats breakfast is 0.61.1a) explain what probability 0.61 means in this setting.

Answers

The probability of finding such people will get closer to 0.61 as the sample gets bigger.

a) This means that if you were to take a large sample of US adults and inquire them about having breakfast, about 61%(i.e. 0.61) will say that they usually have breakfast.

b) It is, for sure, expected that if we take a sample of 100, around 61% of these americans will say that they usually eat breakfast. But if the number will be 61 exactly is not a certainty and it will vary from sample to sample.

The probability of finding such people will get closer to 0.61 as the sample gets bigger.

Explanation has been provided in the answers above due to their descriptive nature.

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Choose the best method to solve the system of linear equations. Then choose a reason to justify your answer choice. x−3y=6 x−3y=−3

Answers

Answer:

No solution.

Step-by-step explanation:

The given equations are :

x−3y=6 ...(1)

x−3y=−3 ...(2)

We need to solve the above equations.

The above two lines are parallel. Forparallel lines,

\(\dfrac{a_1}{a_2}=\dfrac{b_1}{b_2}\ne \dfrac{c_1}{c_2}\)

Here,

\(\dfrac{a_1}{a_2}=\dfrac{b_1}{b_2}\)

It means, the above equations have no solution.

Point B lies between points A and C on Line segment A C . Let x represent the length of segment AB in inches. The length of line A C is 20 inches. The space between points A and B is labeled x. The space between points B and C is labeled 3 x. Use the segment to complete the statements. The value of x is . The length of Line segment A B in inches is . The length of Line segment B C in inches is

Answers

Part 1) The value of x is 5

Part 2) The length of line AB is 5 inches

Part 3) The length of BC is 15 inches

Answer:

5

5

15

Step-by-step explanation:

Is this a supplementary angle or a complementary angle?

Is this a supplementary angle or a complementary angle?

Answers

Answer:

Supplementary angles

Step-by-step explanation:

The two angles shown are supplementary. You can see if the 3x+15 were to slide down to the next line, how the 3x+15 and 2x would make up a linear pair. Together they add up to 180°

Not sure if you need it, but to solve for x:

3x+15 + 2x = 180

combine like terms.

5x + 15 = 180

Subtract 15.

5x = 165

divide by 5

x = 33

Then you can find the measures of the angles.

3(33)+15

= 114°

2(33)

=66°

Evaluate the function for the given value of x. y = (1.2)^x ; x = 2

Answers

The solution, when x = 2, will be y = 1.44, according to the facts provided.

What are the definition and examples of value?

Value refers to how little something is valuable, either financially or in terms of significance. It can also imply "determine how very much something that is worth," as in a reward with a $200 value. As a verb, it indicates "keeping something in high regard" (such "I value our friendship").

We can evaluate this function y = (1.2)ˣ at x = 2 by merely adding x = 2 to the formula for y.

y = (1.2)ˣ

y = (1.2)ˣ (substitute x = 2)

y = 1.44

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A bank advertises a 2/1 arm at 2.75% with a 2/10 cap. what is the maximum interest rate that can be charged during the fifth year? a. 2.75% b. 4.75% 6c. 75% d. 8.75%

Answers

The maximum interest rate that can be charged during the fifth year is 6.75%. The correct option is the third option c. 6.75%

Calculating the maximum interest rate that can be charged

From the question, we are to determine the maximum interest rate that can be charged during the fifth year

A 2/1 ARM means that the interest rate is fixed for the first two years and then adjusts annually based on a specified index plus a margin. The "2/10 cap" means that the interest rate can only increase or decrease by a maximum of 2 percentage points each year, and can never be more than 10 percentage points higher than the initial rate.

Since the initial rate is 2.75%, the maximum rate that can be charged during the fifth year is:

2.75% + (2 x 2%) = 6.75%

Hence, the maximum interest rate that can be charged during the fifth year is 6.75%.

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Tim drove at distance of 511 km in 7 h. What was his average driving speed in km/h?

Answers

in order to find the average driving speed in km/h, you would most likely have to divide 511 km (the distance) and 7 hours (time).

so, the formula for this would be distance ÷ time. now, 511 ÷ 7 = 73 kilometers per hour

as a result, 73 km/h is tim’s average driving speed!

Tim drove at a distance of 511 km in 7 h. His average driving speed in km/h is 73.

By computing Tim's average driving speed, we have to divide the total distance that he traveled by the time it takes him to complete the whole journey. In this respect, Tim drove a total distance of 511 km in 7 hours.

Average driving speed = Total distance/Total time taken

By putting the values in the equation we get :

Average driving speed =\(\frac{ 511 km}{7 h}\)

Now by computing  the average driving speed:

Average driving speed = 73 km

So, Tim's average driving speed was 73 km/h.

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Estimate to the nearest whole number: 10.25 + 54.3 + 16.8 = ?

Answers

Answer: 81

Step-by-step explanation: If you add all of the numbers, then you end up getting 81.35 and 81.35 estimated to the nearest whole number is 81 because that's the closest whole number to 81.35.

HELP! I WILL GIVE BRAINLIEST!!!!!!!!!!!!!!!!!!!!!

HELP! I WILL GIVE BRAINLIEST!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

Step-by-step explanation:

The answer is A

round off the number 23000 to nearest 1000 and find smallest possible number

Answers

The rounding off 23,000 to the nearest thousand gives us 23,000 itself, and the smallest possible number rounded off to the nearest thousand is 22,000, which is the next lower multiple of 1000 from 23,000.

Rounding off a number to the nearest thousand means finding the closest multiple of 1000 to that number. To do this, we look at the last three digits of the number. If the last three digits are 500 or greater, we round up, and if the last three digits are less than 500, we round down.

In this case, the number we are rounding off is 23,000. The last three digits are 000, which means that the number is already a multiple of 1000. Therefore, rounding off 23,000 to the nearest thousand gives us 23,000 itself.

To find the smallest possible number, we look at the next lower multiple of 1000. The next lower multiple of 1000 from 23,000 is 22,000. Therefore, the smallest possible number rounded off to the nearest thousand is 22,000.

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What is the missing number in the equation?

3/10 x ? = 21/10

Answers

Answer:

7 , or 7/1

Step-by-step explanation:

Let ? = x. Set the equation:

(3/10)x = 21/10

Isolate the variable, x. Multiply 10/3 to both sides of the equation:

x * (3/10) * (10/3) = (21/10) * (10/3)

x = 21/10 * 10/3

Simplify the equation. Divide common factors from both the numerator and denominator, and then simplify:

x = (21 * 10)/(10 * 3)

x = (21/3) = 7/1 = 7

x = 7

3/10 x 7
21/10
Answer is 7
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Use the Solow model, the Solow-model diagram, and the capital accumulation equation to explain what happens to the following if there is a decrease in the population growth rate (gL) due to either declining fertility or more restrictive immigration policies: (a) The capital-to-labor ratio (in equilibrium) (b) Output per worker (in equilibrium) (c) Aggregate growth (gY) during the transition phase (d) Long-term economic growth ((gY) in equilibrium) Now imagine that there is a zombie apocalypse. Zombies eat brains (and thus kill humans) but have no interest in capital and leave it alone (i.e. assume the capital stock is effectively untouched). Assume that after the zombie apocalypse, the population (L) is much smaller than it used to be, but the population growth rate (gL) is unchanged. 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The smaller the absolute value of athenegative number, thenumber is.A largerB smallerC farther from zero Read the following sentence:Although only one of you will win the scholarship, all of the students who work hard and do their best will berewarded.What is the relative pronoun in this sentence?A. youB. allD. theirC. who does inflation increase or decrease the rate of return? which characteristics are shared by all organisms in the plant kingdom how is human life depends on the oceans Which of these sentences correctly uses a dialogue tag to show the speaker is talking quietly?Select one:I wish you'd stop talking long enough to listen to me. She said quietly.Her voice became quiet. I wish you'd stop talking long enough to listen to me.I wish you'd stop talking long enough to listen to me, she said quietly.Her voice became quiet, I wish you'd stop talking long enough to listen to me. Glen Schmict owns and manages a chili-dog and softdrink stand near the Smon Fraser campus. Whic Gien can sorvice 27 cusfomors per hour on the avorage (ir), he gets only 20 customars per hour ( ). Because Glon could wait on 35% more customers than actually visit his stand, it doesn't make sense to him that he should have any walling lines. Glen hires you to oxamine the situation and to determine some characteristics of his queue. Atter locking into the problem, you find it follows the six conditions for a singie-channel wasting lino: The average number of customers in the system is customers (round your response to two docimal places). The average time a customer spends in the system is mutes (round your response fo fwo docimai places) Tho average numbers of customers waitirg in the line is customers (round your response to mo decimal places). The avorage time tipent by a custorner awaiting service is minutes (round your response to mo docimal places). The percentage of time the shop is used is porcent (round your response to the nearest whale number). Tho probability that there ace no customers in the systom (being wailed on or waicing in the quace) at any given tine is (round your response to two decimal places). what organelle is in lipids Gudas Corporation manufactures and sells a single product. Cost data for the product are given below: Variable costs per unit: Direct materials $12 Direct labor 15 Variable manufacturing overhead 5 Variable selling and administrative 4 Total variable cost per unit $36 Fixed costs per month: Fixed manufacturing overhead $750,000 Fixed selling and administrative 250,000 Total fixed cost per month $1,000,000 The product sells for $120 per unit. Production and sales data for August follow: There was no beginning inventory. Units Units Produced Sold 25,000 20,000 Required: a. Determine the unit product cost under: * Absorption costing * Variable costing b. Prepare a variable costing income statement for August. c. Prepare an absorption costing income statement for August. d. Explain why the operating income is different in parts (a) and (b). a phrase which personifies the sea (friend)Boys greet each other with _________. 1/3 of 12 = 2/3 of [ ]The [ ] means blank Hamlet questions 1. Read lines 312 through 316 in Act III, Scene iii.Knowing that "limed" refers to a bird trappedwith a lime-based paste, what is the significanceof this use of figurative language to characterizethe king? Explain how these lines createmeaning