The Reliability of a New Model of CD Player Can $\frac { 1 } { 6 }$

question 148

Multiple Choice

The reliability of a new model of CD player can be described by the exponential function R(t) = 2.7-(1/3) t, where the reliability R is the probability (as a decimal) that the CD player is still working t years after it is manufactured. Round the answer to the nearest hundredth. Then write your answer as a percent.
-What is the probability that the CD player will still work $\frac { 1 } { 6 }$ of a year after it is manufactured?

• A) \(6 \%\)
• B) \(72 \%\)
• C) \(95 \%\)
• D) \(14 \%\)

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Definitions:

Variable Overhead Rate Variance

It is the difference between the actual variable overhead based on costs like utilities or materials and the standard cost that was expected.

Budgeted Production

Budgeted production refers to the anticipated quantity of products a company plans to produce in a specified period, based on forecasting.

Standard Cost System

A managerial accounting method where estimated costs are used for cost control and decision making.

Standard Cost Card

A document that details the expected costs associated with the production of a product, including direct materials, direct labor, and overhead costs, used for budgeting and variance analysis.