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.

Why might a business based on a fad be a good idea? question 2 options: fads bring in the most customers. some fads are longer lasting than expected. fads have made some business owners incredibly wealthy. fads can take a business in a new direction.

Brandt enterprises is considering a new project that has a cost of $1,000,000, and the cfo set up the following simple decision tree to show its three most likely scenarios. the firm could arrange with its work force and suppliers to cease operations at the end of year 1 should it choose to do so, but to obtain this abandonment option, it would have to make a payment to those parties. how much is the option to abandon worth to the firm?

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)