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Aleonysh [2.5K]
3 years ago
6

Holiday Inn would like to estimate the satisfaction level of its customers. A sample of 25 hotels were selected and the customer

s at these locations were asked to rate their experience on a scale of 1-10. Based on this sample data, Holiday Inn will draw a conclusion about the satisfaction level of their customers. This is an example of using ________.
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
8 0

Answer:

<em>Inferential statistics</em>

Explanation:

Inferential statistics are among the two central statistics groups.

To define and draw conclusions about the population, inferential statistics <em>use a representative sample  of data gathered from a population. </em>

Inferential statistics are useful when it is not feasible or practical  to analyze each participant of a whole population.

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On September 30, 2016, Athens Software began developing a software program to shield personal computers from malware and spyware
Cloud [144]

Answer:

Check the explanation

Explanation:

1. Record the journals as shone, below:

Date       Accounts title & explanation             Debit (S)             Credit(S) 2016     Research and development expense    2,200,000                                 `                               Cash                                             2,200,000  

                 (To record the expense incurred

                    on research and development)

2017   Research and development expense    800,000  `             `                            Software and development costs      400.000

                                           Cash                                              1,200,000

                         (To record the sc&ware

                         development costs incanted)

kindly check the answer to the second question in the attached image below

6 0
3 years ago
A competitive firm currently produces and sells 500 units of output. Its total revenue is $3,500; the marginal cost of producing
Orlov [11]

Answer: Reduce output

Explanation: Profit = Total Revenue – Total Costs

Therefore, profit maximization occurs therefore, profit maximization occurs at the most significant gap or the biggest difference between the total revenue and the total cost.

TC = AC×Q = $4×500 = $2,000

Theoretically, profit maximization occurs where MR = MC

From the forgoing, producing an extra unit will increase the cost of the company thereby reducing profit.

The company should reduced output to around 499 units or less

3 0
3 years ago
Information regarding Maxwell’s direct labor cost for the month of January follows: Direct labor hourly rate paid $ 29.20 Total
Umnica [9.8K]

Answer:

  1. <u>std rate  $30.64</u>
  2. <u>efficiency variance  $6,128.00</u>

Explanation:

We will work the rate variance to obtain the standard rate:

(standard\:rate-actual\:rate) \times actual \: hours DL \: rate \: variance

actual rate  $29.20

actual hours 11,700

difference  $1.44

rate variance  $16,800.00

(standard\:rate-29.2) \times 11,700 = 16,700

(standard\:rate= 16,700 \div 11,700 +29.2

<u>std rate  $30.64</u>

<u></u>

<u>Now we can solve for the labor efficiency variance:</u>

(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance

std  hours 11700

actual hours 11500

std rate  $30.64

difference 200

<u>efficiency variance  $6,128.00</u>

The diference is positive, sothe variance is favorable.

4 0
3 years ago
You want to buy a new sports car from Muscle Motors for $38,000. The contract is in the form of an annuity due for 60 months at
insens350 [35]

Answer:

$800.71

Explanation:

In this question we use the PMT formula that is shown on the attachment below:

Data provided in the question

Present value = $38,000

Future value = $0

Rate of interest = 10% ÷ 12 months = 0.83333%

NPER = 60 months

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payments is $800.71

5 0
3 years ago
Managerial Economics as a specialized branch of EconomicsA. Provide ready-made solutions to business problemsB. Provide logic an
Y_Kistochka [10]

The correct answer is choice b.

Managerial Economics deals specifically with the application of economic concepts, theories, tools, and methodologies in order to solve practical problems in a business. This definition aligns with choice b, which is to provide logic and methodology to find solutions to business problems.

5 0
3 years ago
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