Your hospital has just reset the safety stock level for sleeping pills to be 223 pills.
If your hospital consumes an average of 1,184 per day with a standard deviation of 80 pills, what is the chance that your hospital will run out of sleeping pills on any day? (Keep four decimal places in your answer, which should be a number not a percentage)
Answers
The chance that the hospital will run out of sleeping pills on any given day is approximately 0 (to four decimal places). This is because the safety stock level of 223 pills is well above the average consumption rate and standard deviation.
To calculate the probability of the hospital running out of sleeping pills on any given day, we can use the normal distribution and z-scores. The z-score measures how many standard deviations a value is from the mean.
First, let's calculate the z-score for the desired safety stock level of 223 pills. Using the formula:
z = (x - μ) / σ
where x is the desired safety stock level, μ is the average consumption per day, and σ is the standard deviation.
z = (223 - 1184) / 80 ≈ -11.7625
Next, we can find the probability corresponding to this z-score using a standard normal distribution table or calculator. Since the z-score is very low and approaching negative infinity, the probability will be extremely close to 0.
Therefore, the chance that the hospital will run out of sleeping pills on any given day is approximately 0 (to four decimal places).
In practical terms, this means that the hospital has set a safety stock level that is well above the average consumption rate and standard deviation, providing a high level of assurance that they will not run out of sleeping pills on any day.
Learn more about standard deviations
https://brainly.com/question/16865821
#SPJ11
Related Questions
Veronique Inque has 40,000 physical units to be accounted for. Total conversion costs are $158,000. At the end of the month, there are 1.000 units in work in process ending inventory which are 50% complete as to conversion costs. What is the unit conversion cost?
A. $3.95
B. $3.85
C. $7.90
D. $4.00
Answers
The unit conversion cost can be calculated by taking the total conversion costs of $158,000 and dividing it by the total physical units of 40,000. This would yield a unit conversion cost of $3.95.
To calculate the work in process ending inventory, multiply the 1,000 units by the unit conversion cost of $3.95. This would give you a total of $3,950.
To calculate the conversion cost of the 1,000 units in work in process ending inventory, multiply the 50% complete as to conversion costs by the $3,950. This would yield a total of $1,975. Therefore, the unit conversion cost is $3.95.
When accounting for physical units, it is important to consider the total conversion costs as well as the work in process ending inventory. By calculating the unit conversion cost, you can better understand the full cost of the physical units and can make accurate financial decisions. By understanding the conversion cost of the physical units, a business can make sure they are accurately accounting for the full cost of their products.
Know more about conversion cost here
https://brainly.com/question/14619798#
#SPJ11
anyone got sc? mines babyjas04
Answers
Answer:
ok thx for random useless information
Explanation:
What would be the best time for a person to buy a franchise?
Answers
Answer:
Buying a franchise should be one of the most heavily researched decisions of your life, but timing is everything. Here's how to know when ...Explanation:
HOPE U lIKE MY ANSWER AND MY ANSWER HELPED U.....How does collaboration demonstrate professionalism
Answers
Answer: Collaboration allows people with different backgrounds to bring their expertise to the workplace, creating a larger talent pool and increasing the possibility that problems will be solved by drawing from these diverse backgrounds.
Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answers
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
What expansionary fiscal tools can be used to promote employment and economic growth when price levels are not a concern?
Answers
Expansionary fiscal tools can be used to promote employment and economic growth when price levels are not a concern including increasing government spending, decreasing taxes, or increasing government transfers.
What is the purpose of expansionary fiscal tools?The purpose of expansionary fiscal tools is to augment growth to a healthy economic level, which is significantly required during the contractionary phase of the business cycle.
In this phase, the government has the desire to decline the standard of unemployment, enhance consumer demand, and circumvent a recession. If a recession has already taken place, then it searches to end the downturn and prevent a recession.
According to the context of this question, each expansionary fiscal tool has its own terms and condition which is imposed on the basis of certain criteria. For this, enhancing the spending of the government, reducing the taxation rates, increasing the transfer made by the government, etc. are the major ones.
To learn more about Expansionary fiscal tools, refer to the link:
https://brainly.com/question/25589179
#SPJ1
What is a good sentence for birth?
Answers
Twins were born to her. "Let's make the baby's birth public." "We are looking forward to the arrival of our daughter." "My mum was present when our first child was born."
A birth is the moment a child exits its mother's body and enters the world. The system has undergone substantial fine-tuning since 1837, and occasionally new laws and regulations have been enacted. Birth registration wasn't mandatory until 1874, despite the fact that civil registration had been started in 1837. The country of birth is the one in which birth actually takes place, while the USA is the nationality for US citizens born abroad who are given US citizenship at birth. The name of the location where person was born is their place of birth. The location is indicated by the geographic limits in force at the time.
Learn more about birth from
brainly.com/question/19578851
#SPJ4
Twins were born to her. "Let's make the baby's birth public." "We are looking forward to the arrival of our daughter." "My mum was present when our first child was born."
A birth is the moment a child exits its mother's body and enters the world. The system has undergone substantial fine-tuning since 1837, and occasionally new laws and regulations have been enacted. Birth registration wasn't mandatory until 1874, despite the fact that civil registration had been started in 1837. The country of birth is the one in which birth actually takes place, while the USA is the nationality for US citizens born abroad who are given US citizenship at birth. The name of the location where person was born is their place of birth. The location is indicated by the geographic limits in force at the time.
Learn more about birth from
brainly.com/question/19578851
#SPJ4
In your own words, explain why we pay taxes.
Answers
Answer: To help support public schools and the economy.
Explanation:
If you are projecting your future financially, what are your
doing?
Risking
Forecasting
Managing
Expanding
Answers
Answer:
Forecasting
Explanation:
Because a weather forecast looks ahead for weather. You are forecasting your financial future
Explain how Naïve Bayes Model works effectively? Give Five (5)
points
Answers
Naïve Bayes Model is a probabilistic method that uses Bayes theorem. It is a classification method that is used for the classification of objects that have certain characteristics, it's simple to implement and generates accurate results, but it has a basic assumption that the attributes are independent of one another.
Here are five ways that Naïve Bayes Model works effectively:1. The model is easy to implement and is relatively straightforward to understand. It is also computationally less complex and has a high speed of training.2. The algorithm works effectively even when the data is skewed or when the data set is too large.3. Naïve Bayes is very effective in identifying spam or non-spam emails, making it very useful for email filtering.4. The model has a low probability of overfitting, even with complex datasets.5. The model is particularly useful in cases where there are multiple classes in the dataset and the variables are independent of each other.
Learn more about Naïve Bayes Model here:
https://brainly.com/question/21507963
#SPJ11
Which assumption would a lender most likely make about a person with a credit score around 800?
O that the person has invested a great deal of money in the stock market
O that the person has had very few delinquent payments in the past
O that the person has lived in the same city for a long time
O that the person has avoided using credit cards
Answers
Lev Knossos sells high tech equipment and software to companies in Greece. When he first started selling to Greek businesses, he was told that the Greek market lagged behind others in the use of technology. After conducting research, Knossos visited the Commercial Bank of Greece and explained how his products could create Web pages for the bank and facilitate banking transactions. By applying his product knowledge to solve a technology issue that he identified, Knossos took the role of: Tactical partner. Creative problem solver. Low-involvement decision maker. Transactional partner. Exchange creator.
Answers
Answer: Creative problem solver
Explanation:
Creative problem-solving refers to the process of finding a solution to a problem that doesn't have a solution before. It is an previously unknown and an original solution to a problem.
Creative problem solving is when an individual gets creative in order to develop new ideas and therefore get the solutions to the problems encountered.
Since Knossos visited the bank and explained how his products could give the bank solution to help facilitate banking transactions, he's a creative problem solver.
why is it important to understand which insurance network you are in
Answers
Answer:
Because different insurance networks provide seperate benefits. For example a health insurance provider would give you injury-related insurances etc.
How do individuals & business benefit from
economic freedom?
Answers
Answer:
The benefit are
1. free markets,
2. rule of law,
3. protection of private property,
and
4. open trade—
that boost prosperity and reduce costs
Explanation:
Please mark me as brainlist answer
When a bank makes a loan:
A. It causes an increase in the money supply.
B.it causes a reduction in the money supply.
C. it can stimulate business activity, but there is no effect on the money supply.
D. it can cause either an increase or a decrease in the money supply depending on the elasticity of supply
Answers
Answer:
C
Explanation:
this is the answer bc there is really no effect
someone help me. i have no clue oml
Answers
Answer:
Get a dice and roll it.
Explanation:
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
For more about Business Environment refer to the link : https://brainly.com/question/26589766
Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C
Answers
Answer:
a) I
Explanation:
The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.
Demand is not the same as quantity demanded. What factors will change the demand for a good?
Answers
Answer:
Other factors that shift demand curves. Income is not the only factor that causes a shift in demand. Other things that change demand include tastes and preferences, the composition or size of the population, the prices of related goods, and even expectations.
Osborn Manufacturing uses a predetermined overhead rate of $18.80 per direct labor hour. This predetermined rate was based on a cost formula that estimates $229,360 of total manufacturing overhead for an estimated activity level of 12,200 direct labor hours. The company incurred actual total manufacturing overhead costs of $221,000 and 11,900 total direct labor hours during the period.a. Determine the amount of underapplied or overapplied manufacturing overhead for the period.b. Assuming that the entire amount of the underapplied or overapplied overhead is closed out to the cost of goods sold, what would be the effect of the underapplied or overapplied overhead on the company's gross margin for the period?
Answers
Manufacturing overhead incurred
(a) a)$215,000 Actual direct labor-hours 11,500× Predetermined overhead rate$18.20= Manufacturing overhead applied
(b) $209,300 Manufacturing overhead underapplied
(a) − (b)$5,700
What is Manufacturing ?Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy.
The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale.
Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers).
Learn more about Manufacturing https://brainly.com/question/14275016
#SPJ1
Usa manufacturing issued 30-year, 7.2 percent semiannual bonds 6 years ago. the bonds currently sell at 101 percent of face value. what is the firm's aftertax cost of debt if the tax rate is 21 percent?
Answers
As per the bond price, the firm's after tax cost of debt if the tax rate is 21% is 3.52%
The bond in economics contains the interest payments a mandatory expense, while dividends are assumed to be optional. and here we have to know that is why interest expenses are tax deductible and dividends are not.
Here let us consider that
P refers bond price = 101% * 1,000 = $1,010
C refers bond coupon = 7.2% / 2 * 1,000 = $36
n refers number of semiannual periods = 24 * 2 = 48
Then here we will first find the semiannual yield, r, by using the bond price formula as
=> r = 3.71%
Then the yield of maturity is calculated as,
=> YTM = 3.52%.
To know more about Bonds here.
https://brainly.com/question/15518377
#SPJ4
when comparing investment returns at the fund level against those at the property level, the difference between them is referred to as .
Answers
The answer is that the difference between investment returns at the fund level and those at the property level is referred to as the "return gap."
The return gap is essentially the difference between the returns generated by a real estate investment fund and the returns that could be earned by investing directly in individual properties. This gap exists because real estate funds typically charge management fees and other expenses, which can reduce the overall returns earned by investors.
Additionally, real estate funds often invest in a diversified portfolio of properties, which can help to reduce risk but may also limit the potential for high returns on individual properties. In contrast, investing directly in individual properties may provide higher returns, but also carries greater risk and requires significant expertise and resources to manage effectively.
In summary, the return gap represents the tradeoff between the convenience and diversification offered by real estate funds and the potentially higher returns and greater risks associated with direct property investment.
To know more about investment visit:
brainly.com/question/15353704
#SPJ11
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answers
Answer:b
Explanation:
How a researcher knows what is topical within his or her subject and why it is important to know that
Answers
The research topic that the researcher finds is interesting and hence, he becomes anxious to complete the research work to add value to existing gap.
The research's "what," or the subject to be examined, is provided by the topic. The researcher can locate the research in the literature by defining and identifying the "what" of the study. The drive to pursue an interest is personally generated by curiosity. You can concentrate interest by concentrating on accuracy and clarity.
You must select one study topic that can be thoroughly studied. Clearly define your bounds. Take into account this illustration of topic concentration. Try this question instead of "I am interested in why children are not succeeding": "What effect does comprehending specialised academic language have on accomplishment in the natural sciences for third-grade Hispanic second-language learners?"
To learn more about topic in a research here,
https://brainly.com/question/10541763
#SPJ1
PLZ HELP THIS IS DUE IN A FEW HOURS!
1.What are some examples of companies providing consumers with goods?
2.What are some examples of companies providing consumers with services?
3.Can you think of any companies providing services and goods to consumers?
Answers
Answer:
What are some examples of companies providing consumers with goods?
Some examples of companies that provide goods are Target, Walmart, dollar tree.
What are some examples of companies providing consumers with services?
Some examples of places that provide services are restaurants, movie theaters, ubers.
Can you think of any companies providing services and goods to consumers?
Amazon because they provide goods and deliver them to your door.
Answer to the following question is as follows;
Reliance, Walmart, and Dollar Tree are illustrations of firms that sell items.Restaurants, movie theatres, and restaurants are illustrations of venues that provide services.Amazon and Flipkart are popular because they sell things and delivery them to our home.Explanation:
A manufacturing company is one that employs components, pieces, or raw materials to create a finished product. Automobile manufacturers such as Ford.
A service provider is a person or organisation that offers services to another party. A deal governs the supply of services between such a service provider and a firm.
Amazon is now a behemoth in e-commerce, shipping, payments, hardware, data storage, and media. It is involved in a variety of other industries. It's the go-to website for both online buyers and merchants, a contemporary necessity that independent sellers despise.
Learn more;
https://brainly.com/question/22300149?referrer=searchResults
You have $30,000 in a margin account, 60% initial margin required. Suppose you buy 1,000 shares of IBM, for $50/share. Assume no dividends, and that your borrowing rate is 6.4%. What is your percentage rate of return if, in one year, IBM stock is selling for $36 per share?
Answers
The percentage rate of return for the investment in IBM stock, considering the initial margin requirement, borrowing rate, and the change in stock price, is approximately -62.67%.
To calculate the percentage rate of return, we need to consider the initial investment, the change in stock price, and any interest paid on the borrowed funds.
Given that the initial margin requirement is 60%, you would need to deposit 60% of the total purchase price of the shares, which is $30,000 × 0.6 = $18,000. The remaining $12,000 would be borrowed.
The total cost of the investment is $30,000, and if the stock price drops to $36 per share, the value of the investment would be $36 × 1,000 = $36,000.
Considering the interest rate of 6.4% on the borrowed funds, the interest paid over the year would be $12,000 × 0.064 = $768.
The net return from the investment is the change in value minus the interest paid, which is $36,000 - $30,000 - $768 = $5,232.
The percentage rate of return is calculated as (net return / initial investment) × 100, which is ($5,232 / $30,000) × 100 = -17.44%.
Therefore, the percentage rate of return for the investment in IBM stock, considering the initial margin requirement, borrowing rate, and the change in stock price, is approximately -62.67%.
Learn more about investment here:
https://brainly.com/question/15105766
#SPJ11
Select all that apply.
Which of the following would be considered full-time work?
hours
33 hours
9 G 8C it
45 hours
51 hours
Answers
45 hours;
51 hours;
40 hours.
The answer choices given, as listed above, would be considered "full-time work
Hope this helps (:
how do you wrrite the word pneumonoultramicroscopicsilicovolcanoconiosi aand what does it mean?
Answers
Answer:
Pneumonoultramicroscopicsilicovolcanoconiosis
Explanation:
Pneumonoultramicroscopicsilicovolcanoconiosis is a phrase used to describe a lung condition produced by inhaling silica dust, as in I had difficulty breathing and my doctor diagnosed me with pneumonoultramicroscopicsilicovolcanoconiosis.
Classify each of the following unemployment situations as either cyclical, frictional, or structural unemployment. Items (7 items) (Drag and drop into the appropriate area below) Paul lost his job six months ago His employment counselor at the labor office advises him to retrain. Unemployment in Michigan increased as consumer demand for automobiles fellanother job as a their jobs. during the Greatfinancial analyst. Recession. Michael is temporarily out of work. He quit his job at Citibank to find In 2011, BordersA data-entry Books filed for bankruptcy, andhis job because it 19,000 employees lost Mary graduated from college withconstruction an economics degree. She doesn't have a job yet, but she has six interviews lined up. Large numbers of employee loses was permanently outsourced to India. workers lost their jobs after the collapse of the housing bubble.
Answers
The answer is Frictional Unemployment -Michael is temporarily out of work. He quit his job at Citibank to find another job as a financial analyst.
-Mary graduated from college with an economics degree. She doesn’t have a job yet, but she has six interviews lined up.
Structural Unemployment -Paul lost his job six months ago. His employment counselor at the labor office advises him to retrain.
-In 2011, Borders Books filed for bankruptcy, and 19,000 employees lost their jobs.
-A data-entry employee loses his job because it was permanently outsourced to India.
Cyclical Unemployment -Unemployment in Michigan increased as consumer demand for automobiles fell during the Great Recession.
-Large numbers of construction workers lost their jobs after the collapse of the housing bubble.
What's the ideal way to describe unemployment?When someone actively seeks job but is unable to do so, this is referred to as being unemployed.
What exactly is unemployment, and why does it occur?When people who are capable of working actively look for employment prospects but are unsuccessful, it is said that they are unemployed. A person must be actively seeking gainful employment as a member of the labor force in order to be labeled unemployed.
To know more about Unemployment visit:
https://brainly.com/question/14227610
#SPJ1
Smith invests in stocks and securities. Which is the highest regulating body in the country, which acts as an “advocate” for investors like Smith?
A. Financial Industries Regulating Association
B. Securities and Exchange Commission
C. American Institute of Certified Public Accountants
D. Government Accounting Standards Board
E. State Board for Accountancy
Answers
Answer:
B. Securities and Exchange Commission
Explanation:
The Securities and Exchange Commission is the government agency that oversees and regulates the financial market for securities: bonds and stocks.
The SEC also regulates the financial information that public companies (companies that trade stock in the open market) present to the public, by demanding the publishing of financial statements every 3 months.