1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
USPshnik [31]
3 years ago
13

During the past six months, 73.2% of US households purchased sugar. Assume that these expenditures are approximately normally di

stributed with a mean of $8.22 and a standard deviation of $1.10. 99% of the households spent less than what amount?
Business
1 answer:
Tatiana [17]3 years ago
3 0

Answer:

Explanation:

Given X~Normal(mean=8.22, s=1.1)

So P(5<X<9) = P((5-8.22)/1.1 <(X-mean)/s < (9-8.22)/1.1)

=P(-2.93<Z< 0.71)

=0.7595 (check standard normal table)

You might be interested in
A stock has a beta of 1.28, the expected return on the market is 12%, and the risk-free rate is 4.5%. Using the CAPM, what is th
MatroZZZ [7]

Answer:

14.10%

Explanation:

The calculation of expected return on this stock is shown below:-

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 4.5% + 1.28 × (12% - 4.5%)

= 4.5% + 1.28 × 7.5%

= 4.5% + 9.6%

= 14.10%

The Market rate of return - Risk-free rate of return) is also called as the market risk premium

hence, the expected rate of return is 14.10%

8 0
3 years ago
The facts that a proprietorship, as a business, pays no corporate income tax, and that it is easily to raise capital, are two ke
MaRussiya [10]

Answer: False

Explanation:

While Proprietorship do indeed have the tax advantage of not having to pay Corporate income tax, the same cannot be said for the ease at which they can raise capital.

In general, Proprietorships find it hard to raise capital as investors will be worried of investing into a one person run operation. They would rather prefer that their investments were protected by the law and that the company had enough experienced people on board as well which is why they would prefer a Corporation.

Even getting loans as a Proprietorship can be hard because banks will set a high rate for the business to cater for a default risk.

8 0
3 years ago
What is the difference between statistics and business statistics?​
Alik [6]

Answer:

Statistics is extended part of mathematics were you deal about only formulas numbers and business statistics deals about your knowledge about financial business marketing.

8 0
3 years ago
Read 2 more answers
The main purpose of performance appraisal is to ________.
LUCKY_DIMON [66]

The main purpose of performance appraisal is to furnish feedback to organization members about how they can become more productive and useful to the organization in its quest for quality.

Therefore option C is correct

<h3>What is Performance appraisal?</h3>

  Performance appraisal can be described as the  periodic and systematic evaluation  of the job performance of an employee and its subsequent documentation documented and evaluation in other to provide verifiable evidence to the management of an organization on the strengths and weaknesses of its employees.

    The idea of performance appraisal should be viewed as a career enhancing prospect. Managers should endeavor to appraise their staff truthfully and honestly in other to bring about a healthy working environment.

Learn more about Performance appraisal at brainly.com/question/7595736

#SPJ1

4 0
2 years ago
Slick Sam has a special relationship with his banker. The nature of the relationship is as follows: The bank owes Sam $100 per y
kodGreya [7K]

Answer:

X=97.24

Explanation:

PV = Present Value = X+2000 by the 16th years

PMT = Payments = $100

FV = Future Value = 2000 at the end of 16 years

n= number of years

Applying the equation of future value for annuity

FV = pmt* ​((1+r)ⁿ - 1   )/r

Inputting the values;

2000=100*((1+r)¹⁶-1)/r

Solving for r, gives r = 2.9%

Therefore using the formula for PV for annuity;

PV=PMT*(1-(1/1+r)/r)

X=100*(1-(1/1.029)/0.029

X=100*((1-0.9718)/0.029)

X=100*(0.0282/0.029)

X=97.24

4 0
3 years ago
Other questions:
  • One unit of a peso in a Latin American country was defined as equivalent to 12 grains of "fine" (pure) gold, while one unit of i
    9·1 answer
  • Arnold gave land to his son, Bruce. Arnold's basis in the land was $100,000, and its fair market value at the date of the gift w
    8·1 answer
  • Suppose that papers for a newspaper stand cost $0.40 and sell for $0.80. They currently have no salvage value.
    8·1 answer
  • Knowledge Check 01 Provided below is summary income statement data for Freedom Corporation. Amount Sales $ 800,000 Cost of goods
    12·1 answer
  • In a simple graphical model of the supply and demand for pizza with the price of pizza measured vertically and the quantity of p
    5·1 answer
  • Luxury Swiss chalet hotel general manager reported to her owner that the hotels occupancy index for calendar year 2019 was 1.25.
    9·1 answer
  • What are some of the variable costs of running a flower shop?
    13·2 answers
  • A​ monopoly's cost function is CQ and its the demand for its product is pQ where Q is​ output, p is​ price, and C is the total c
    7·1 answer
  • Write a sentence with a word Gross Domestic Product:​
    11·2 answers
  • Profiteer ltd reported retained earnings of r100000 and r80000 in therir statement of financial positionn for the years 2011 and
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!