Answer:
It is observed that the value of test statistics (19.168) is greater than the critical value (13.277), thus the rejected hypothesis, H₀ at α = 0.01.
There is enough evidence to conclude or deduce that sales were the same for all locations
Explanation:
Solution
Given that:
Object: Test whether the sales were the same for all locations by applying 1% significance level.
The Null Hypothesis H₀ : Sales were the same for all locations
E₁ = 70 +75 +70+ 50 + 35/5 = 60
The Alternative Hypothesis Hₐ : Sales were not the same for all locations
Now,
The decision rule:
the Level of Significance be α = 0.01
Degrees of freedom is df= Number of categories -1
=5-1 = 4
Note: Kindly find an attached copy of part of the work solution of this given question
According to the interest rate effect, an increase in the price level leads to a decrease in the interest rate, and therefore to a decrease in the quantity of aggregate demand.
Answer:
$449,830
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.
Don draper will receive total 7 payments in 6 years time.
Formula for Present value of annuity is as follow
PV of annuity = P + P x [ ( 1- ( 1+ r )^-n ) / r ]
P = Payment = $80,000
r = rate of return = 8%
n = number of years = 6 years
PV of annuity = $80,000 + $80,000 x [ ( 1 - ( 1+ 8% )^-6 ) / 8% ]
PV of annuity = $80,000 + $369,830
PV of annuity = $449,830
Answer:
e. none of the above.
Explanation:
Based on the scenario being described within the question it can be said that your net profit per unit is none of the above. This is because since you are selling and the exercise price was set at $0.86 then the price lowering to 0.78 means that you sold at a much higher price than market value, which leads to about 0.08 profit per unit.
Answer:
Wilson previously worked as an accountant, earning $3,000 a month.
Explanation:
Implicit costs or opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another alternative.
In this case, Wilson had to quit his former job as an accountant in order to open his health club. So the salary that Wilson could have earned as an accountant would be the opportunity cost of opening his club.
