If you start investing a little money now you will most likely have a lot more mone than those who start investing later on in l
2 answers:
You might be interested in
Answer:
The true statement is " The spread is from 1 to 6."
Explanation:
Consider the provide information.
First we will draw the dot plot as shown in the figure.
Now consider the options.
The data is not symmetric as for the symmetry the dots over 1 should be equal to the dots over 6. i.e 4.
Now find the center of the data by calculation the median of the data.
There are 16 dots in total which is an even number.
So, now we will find the average of the two middle values.
This will be the 8th and 9th value average for the given data set of 16 values.
Count from left to right the 8th and 9th values are both 4.
Hence, the center of the data is 4.
The second statement is false.
The peak of the data is at 6.
The third statement is false.
The spread is from 1 to 6 as we can see in the figure shown below.
Therefore, the true statement is " The spread is from 1 to 6."
Answer:
Vaughn should produce Plain as it makes greater profit.
Explanation:
Vaughn Manufacturing can sell all the units it can produce of either Plain or Fancy but not both.
Plain has a unit contribution margin of $86 and takes two machine hours to make and Fancy has a unit contribution margin of $111 and takes three machine hours to make.
There are 2400 machine hours available to manufacture a product.
Profit per machine hour for Plain
=
= $43
Profit per machine hour for Fancy
=
= $37
The difference in profit
= $43 - $37
= $6
Plain makes $6 more profit per machine hour than Fancy.