9. A dry-cleaning business offers a pick-up and delivery service for a 15 percent surcharge. Management believes 70 percent of the existing customers will take advantage of this service. They are also considering offering customers the option of opening an account and receiving monthly bills. They believe 40 percent of customers independent of whether or not they use the pick-up service) will use the account service. If the two services are introduced to the market, what is the probability that a customer uses only one of these services, but not the other?

9. A dry-cleaning business offers a pick-up and delivery service for a 15 percent surcharge. Management believes 70 percent of the existing customers will take advantage of this service. They are also considering offering customers the option of opening an account and receiving monthly bills. They believe 40 percent of customers independent of whether or not they use the pick-up service) will use the account service. If the two services are introduced to the market, what is the probability that a customer uses only one of these services, but not the other?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

See similar textbooks

Similar questions

What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?
This question has 2 parts.
A General Motors incentive program designed to reduce inventory of certain low-selling models offers a $7,800 extra dealer incentive for each of these vehicles that the dealer moved into its rental or service fleets. As the accountant for a dealership with a number of these vehicles left in stock, your manager has asked you to calculate certain invoice figures. The normal trade discount from GM is 18%. If the average sticker price (list price) of these remaining vehicles at your dealership is $21,500, calculate the following. d. If the cars were then sold from the fleets at $1,200 over "invoice" (net price), what is the total percentage savings to the consumer based on the list price? Round to the nearest tenth of a percent. Do not enter the percent symbol in your answer. %
A Cake company uses 4,629 quart bottles of Chocolate sauce each year. The sauce costs 5 per bottle and is served only in full bottles for food safety purposes. The company's inventory manager calculated that each time an order is placed, it costs 13 and holding costs are 20 percent of the purchase price. Once the order is placed, it takes 3 weeks for an order to arrive. The company works for 47 weeks per year. The company is considering to use the inventory system techniques which minimizes the inventory cost. Assume that both, lead time and customer demand are variable. Customer demand's standard deviation 27 units per week and standard deviation for lead time = 1. Find out the safety stock needed to achieve 95% customer service level. =
Federated South Insurance Company has developed a new screening program for selecting new sales agents. Their past experience indicates that 20% of the new agents hired fail to produce the minimum sales in their first year and are dismissed. Their ex- pectation is that this new screening program will reduce the percentage of failed new agents to 15% or less. If that occurs, they would save $1,000,000 in recruiting and training costs each year. At the end of the first year they want to develop an evaluation to determine if the new program is successful. The following questions are an important part of their re- search design.A total of 20 new agents were selected.a. If this group performs at the same level as past groups, what is the probability 17 or more success- fully meet their minimum sales goals in the first year?b. What is the probability 19 or more reach their min- imum sales goals given performance at the same level?c. If the program has actually increased the prob- ability of…
According to the Food and Nutrition Service of the U.S. Department of Agriculture, in one school year the National School Lunch Program (NSLP) served 31.2 million school lunches. Of these, 16.1 million were free lunches, 3.2 million were reduced price lunches, and 11.9 million were full price lunches. The federal government reimburses school districts $2.68 for each free lunch, $2.28 for each reduced-price lunch, and $0.25 for each paid lunch. In addition to cash reimbursements, schools are entitled to receive USDA foods called "entitlement" foods at a value of 19.50 cents for each lunch served. You are the administrator in charge of the school lunch program for your school district. Last month, the schools in your district served 29,000 free lunches, 19,000 "reduced-price" lunches, and 53,000 regular-priced lunches.
The following cost-of-quality data were collected at the installment loan department of the Kenney Bank. Classify these data into the appropriate cost-of-quality categories. Quality Cost Amount Cost Classification Loan Processing 1. Run credit checks: $2,737.54 2. Review documents: $3,173.50 3. Make document corrections; gather additional information: $1,126.00 4. Prepare tickler file; review and follow up on titles, $190.60 insurance, second meetings: 5. Review all output: $2,330.62 6. Correct rejects and incorrect output: $486.35 7. Reconcile incomplete collateral report: $70.82 8. Handle dealer problem calls; address associate problems; $2,530.00 research and communicate information: 9. Compensate for system downtime: $526.93 10. Conduct training: $1,010.00 Loan Payment 1. Receive, inspect, and process payments: $790.00 2. Respond to inquiries when no coupon is presented…
Suppose a mutual fund has a portfolio of stocks that have a market value of $10.75 billion and the company has 900 million shares of stock. What is the net asset value (in dollars) of a share of the mutual fund? Round to the nearest cent. Disregard the fees that may be charged by the company.
On December 17, 2010, the Wilmington, North Carolina StarNews carried an Associated Press report headlined "13 million get unexpected tax bill from Obama tax credit". The report said that The Internal Revenue Service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. However, the number of refunds dropped by 3.5 percent to 93.3 million. What was the percentage increase in the average tax refund from 2009 to 2010? $2,892 - $2,663= 229 ÷ $2,663= 0.08599324% was the percentage increase from 2009 to 2010. How many refunds were there in 2009 and in 2010? (Use the information given in the problem to find your answer.) c. The number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total dollar amount refunded changed from 2009 to 2010. Find that change in both absolute and percentage terms
...................................... .......................... The budgeting process for a midwestern college resulted in expense forecasts for the coming year (in $ millions) of $9, $10, $11, $12, and $13. Because the actual expenses are unknown, the following respective probabilities are assigned: 0.3, 0.25, 0.2, 0.2, and 0.05. ... ..... . ... (a) Show the probability distribution for the expense forecast. f(x) 9 0.3 10 0.25 11 0.2 12 0.2 13 0.05 (b) What is the expected value (in $ millions) of the expense forecast for the coming year? $ 10.45 million (c) What is the variance of the expense forecast for the coming year? (d) If income projections for the year are estimated at $12 million, comment on the financial position of the college. million. From the assigned probability, there is chance that expenses will equal $13 With this estimate, the college can expect a profit (in $ million) of $ 1.55 million causing the college to run a deficit
8. DETAILS BRECMBC9 7.1III.TB.017. ASK YOU Find the net price for an order of gift Items with a list price $23,000 less trade discounts of 30/25/15. Use the net price, complement method. O $5,750.00 O $10,263.75 O $12,736.25 O $17,250.00 9. DETAILS BRECMBC9 7.IV.TB.012. ASK YOUR TE- The local zoo buys hay from a supplier with an Involce amount of $13,220. The terms of the sale are 5/22, n/30. What is the net amount due on the order if the bill is paid by the 22nd day? O $661 O $3,305 O $12,559 O $13,220 10. DETAILS BRECMBC9 7.IV.TB.003. ASK YOUR TEACH A small retailler buys goods from a vendor with an invoice amount of $9,300. The terms of the sale are 2/10, n/30. What is the net amount due on the goods if the bill is paid by the 10th day? O $186 O $930 O $8,370 O $9,114 MacBook Air GRO. esc 44 41 1. %23 %24 & 2. 3 4 6 7. 8 9 Q E T. Y U lab A D G H K = lock V\ C olt alt atrol option command command option
The Stephens Leadership Center provides training seminars in personal development and time management. The company is relatively new and management is seeking information regarding the Center's cost structure. The following information has been gathered since the inception of the business in January of the current year: ETE Costs Incurred $17,000 $18,800 $20,900 S23,762 S21,800 S19,400 Month Seminars Offered 10 January. February. March. *......* *. 12 .......... 15 April. May. June 18 16 13 Draw a scattergraph with a cost line based on the data above. Using the scattergraph method, what is the cost equation? What are the expected costs for 20 seminars? What are the expected costs for 100 seminars?