jaggia/kelly, business statistics: communicating with numbers 4e fsu follett access isbn 9781265420307

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Business Statistics is a fun and insightful course for both students and teachers. Years of teaching experience have shown that an effective way to make statistics interesting is to use modern business applications that students can relate to.

Intriguing from the outset students may unknowingly learn statistics. Through careful matching of timely applications and statistical methods, students learn to understand the relevance of business statistics in the modern world. Wrote company statistics.

Communicating with Numbers There is a need for a modern, central statistics textbook that engages students and bridges the gap between how statistics is taught and how practitioners conceive and apply statistical methods. Because I thought. Throughout the text, the emphasis is on communicating with numbers rather than cracking them. In each chapter, students are confronted with statistical information conveyed in writing.

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Vextra Corporation is considering the purchase of new equipment costing $43,500. The projected annual cash inflow is $12,700, to

Ksju [112]

Answer:

Year Cashflow [email protected]% PV

$ $

1 12,700 0.8929 11,339

2 12,700 0.7972 10,124

3 12,700 0.7118 9,040

4 12,700 0.6355 <u>8,071</u>

Present value of annuity <u>38,574</u>

Explanation:

In this case, there is need to discount the cashflow for each year at 12%. then, we will add the present values of cashflows in order to obtain the present value of annuity.

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2 years ago

The marginal cost of Alexa's Guide to Street People and Their Pets is constant at $5. Alexa sells 5,000 copies per year at $20 p

ch4aika [34]

Answer:

She must sell 7,500 copies to mantain the profits when price changes to $15.

Explanation:

Let's start with a definition of profit or benefit: Benefit= $(Price-Cost)\times{Quantity}$

At the beggining, she obtained a profit of $75,000: She sold 5,000 copies, and she got $20-$5=$15 dollars for each of the 5,000. units sold, which means a benefit of $15\times5,000=75,000$ dollars.
Then, if she wants to keep the $75,000 profits when prices falls to $15, she must sell more copies: $75,000=(15-5)\times{NewQuantity}$ . Then, the quantity she must sell to mantain the profit constant at $75,000 is New quantity=7,500.