Employees at a Large Computer Company Earn Sick Leave in One-Minute

question 112

Multiple Choice

Employees at a large computer company earn sick leave in one-minute increments depending on how many hours per month they work. They can then use the sick leave time any time throughout the year. Any unused time goes into a sick bank account that they or other employees can use in the case of emergencies. The human resources department has determined that the amount of unused sick time for individual employees is uniformly distributed between 0 and 480 minutes. Based on this information, what is the probability that an employee will have less than 20 minutes of unused sick time?

• A) 0.002
• B) 0.966
• C) 0.063
• D) 0.042

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Definitions:

Shareholders' Equity

The residual interest in the assets of a company after deducting all its liabilities.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating the short-term liquidity of a company.

Net Fixed Assets

The value of a company's fixed assets minus any accumulated depreciation or impairment charges, reflecting the actual value of assets in use.

Intangible Fixed Assets

Non-physical assets owned by a company that are used in operations, such as intellectual property, goodwill, and licenses.