Answer:
The store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66.
Explanation:
In statistics, a confidence interval is the probability that the parameter of a population lies between two set of values when a random sample of the population is drawn for a specific percentage of times. This means that the confidence interval is formed about the whole population not the sample from which it is calculated.
The probabilities of a confidence interval can take any number, but 95% and 99% confidence level that are usually used.
It should be noted that, for example, 95% confidence level implies that there is a 95% chance that the true mean of the population lies within the calculated confidence interval.
Therefore, the statement which gives a valid interpretation of the interval in the question is the first one which states that "the store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66."
I wish you the best.
Answer:
The company’s cash flows from operating activities was a cash inflow of $5,000
Explanation:
Cash at the end of the year = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities + Net cash inflows from operating activities
Therefore,
Net cash inflows from operating activities = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities - Cash at the end of the year = $340,000 + $40,000 + $45,000 - $420,000 = $5,000 >0
The company’s cash flows from operating activities was a cash inflow of $5,000
Answer:
An example of when I imposed my own views and feelings about life based of the experience of others is when a friend from mexico told me there experience migrating to the US. What they experience and the struggles they faced made me feel more appreciative of things.
Explanation:
Answer:
Nigeria employs a combination of tariffs and quotas for the double purpose of taxing international trade for revenue generation and protecting local industries from highly competitive imports. The country's tariffs are determined by the ECOWAS 2015 – 2019 Common External Tariff (CET) Book.Sep 14
Explanation:
Answer: $241,600
Explanation:
As this amount is a constant amount, it is an annuity. To find out the total amount after a certain period of time, use the future value of annuity formula.
Future value of annuity = Amount * [ {( 1 + rate) ^number of periods - 1} / rate]
Number of periods = 65 - 25 = 40
Future value of annuity = 2,000 * [ {(1 + 5%)⁴⁰ - 1} / 5%]
= 241,599.54
= $241,600
