A Certain Assembly Line at Vexing Manufacturing Company Averages 30

question 15

Multiple Choice

A certain assembly line at Vexing Manufacturing Company averages 30 minutes between breakdowns. What is the probability that less than 6 minutes will elapse before the next breakdown?

• A).8187
• B).0488
• C).1813
• D).2224

---

Definitions:

Semi-annually

Occurring twice a year, a term often used in reference to the payment of interest or dividends.

Coupon

In finance, a coupon refers to the interest payment received by a bondholder from the bond’s issuer at predetermined intervals until the bond’s maturity.

Dividend Growth Rate

The annual percentage rate at which the dividends paid by a stock or company increase.

Annual Dividends

The total amount of dividends that a company pays to its shareholders on an annual basis, typically expressed per share.