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Vesnalui [34]
1 year ago
9

Suppose a 95% confidence interval was made to estimate the monthly cost of internet service instead of a 90% confidence interval

. How would the interval change?.
Business
1 answer:
Alex1 year ago
6 0

The 95% confidence interval will be wider than the 90% confidence interval.

In statistics, the likelihood that a population parameter will fall between a set of values for a certain percentage of the time is referred to as a confidence interval. Analysts frequently employ confidence ranges that include 95% or 99% of anticipated observations. Therefore, it may be concluded that there is a 95% likelihood that the real value falls within that range if a point estimate of 10.00 with a 95% confidence interval of 9.50 - 10.50 is derived using a statistical model.

  • The level of certainty or uncertainty in a sampling process is measured by confidence intervals.
  • Additionally, they are employed in regression analysis and hypothesis testing.
  • To determine statistical significance, statisticians frequently combine confidence intervals with p-values.
  • 95% or 99% confidence levels are most frequently used in their construction.

Learn more about Confidence interval, here

brainly.com/question/13067956

#SPJ4

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In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of internat
vodomira [7]

Answer:

B. Increased competition

Explanation:

Free trade is an economic policy where there are no restrictions to imports or export of goods and services.

Before the free trade, Sapphira had market power. She could set the price of her products. She would probably set her prices high enough to maximise profits.

Due to free trade which introduces more products to the market, sapphira is no longer able to set her prices as high as she used to. If her price is too high, consumers would not purchase her products.

This is an example of increased competition.

I hope my answer helps you

3 0
3 years ago
10. ABC Company uses a job-order costing system and computes its predetermined overhead rate annual on the basis of direct labor
Ne4ueva [31]

Answer:

Predetermined overhead rate is $9 per labor hour

Explanation:

Estimated Direct-labor hours = 10,000

Estimated Manufacturing overheads = Estimated Fixed overheads + Estimated variable overheads

Estimated Manufacturing overheads = $50,000 + $40,000

Estimated Manufacturing overheads = $90,000

Predetermined overhead rate = Estimated Manufacturing overheads / Estimated Direct-labor hours

Predetermined overhead rate = 90,000 / 10,000 = $9 per labor hour

8 0
3 years ago
ABC Company’s budgeted sales for June, July, and August are 15,600, 19,600, and 17,600 units, respectively. ABC requires 30% of
igor_vitrenko [27]

Answer:

= $52,050

Explanation:

First, the question is as follows:

Calculate the number of pounds of raw material to be purchased in June

Solution

Step One: We determine what was produced in June and in July  as follows

Budgeted Production = Budgeted sales + The desired closing inventory of finished products - the estimated opening inventory of finished products

  • Budgeted Production in June= $15,600 +  (0.3 x 19,600) - $4,680 (This is the ending inventory figure from May) = $16,800
  • Budgeted Production in July= $19,600 - (17,600 units x 0.3)- $5,880 (this is the opening inventory calculated for June above) = $19,000

Step 2 : Determine the Purchased raw materials for June

  • = (Production in June x 3) + Production in July x 3 x 0.25) - (Production in June x 3 x 0.25)

= 50,400 + $14,250 - $12,600 = $52,050

4 0
3 years ago
Suppose the Canadian government is unwilling to wait for the long-run adjustment process. The marginal propensity to consume is
timofeeve [1]

Given:

Marginal propensity to consume (MPC) = 0.8

Equilibrium real output = $500 billion

Full-employment output = $540 billion

Find:

Change in government spending ΔG = ?

Computation:

Change in output ΔY = Full-employment output - Equilibrium real output

Change in output ΔY = $540 billion - $500 billion

Change in output ΔY = $40 billion

Change in output ΔY = [1 / (1 - MPC)] × ΔG

$40 billion = [1 / (1 - 0.8)] × ΔG

$40 billion = [1 / (0.2)] × ΔG

$40 billion = [5] × ΔG

ΔG =  $40 billion / 5

ΔG =  $8 billion

Change in government spending ΔG = $8 billion.

8 0
4 years ago
How does an investor receive a return from a zero or very low coupon​ bond? ​(Select the best choice​ below.)
Veronika [31]

Answer:

A. From the appreciation of the bonds

Explanation:

Zero or very low coupon bond do not pay much (coupon) in their life (so C eliminated). They are sold at a deep discount to investor. As time pass, the value of the bond usually increases to approach face value (hence A).

Normally investor still have to pay for the imputed ("phantom") interest that comes from their real return (B eliminated)

If interest rate increases, the bond will decreases in value to create the required return the new buyer when they eventually sell it (D eliminated)

6 0
3 years ago
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