A bus comes by every 8 minutes. The times from when a person arives at the busstop until the bus arrives follows a Uniform distribution from 0 to 8 minutes. A person arrives at the bus stop at a randomly selected time. Round to 4 decimal places where possible. a. The mean of this distribution is
b. The standard deviation is
c. The probability that the person will wait more than 2 minutes is
d. Suppose that the person has already been waiting for 1.3 minutes. Find the probability that the person's total waiting time will be between 2.2 and 4.3 minutes
e. 65% of all customers wait at least how long for the train? minutes.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.